Mumbai Property News

MHADA plans to conduct structural audits of 1,000 cessed buildings in Mumbai by March 2025 to address safety risks.

India's Grade-A office leasing demand is expected to rise by 8-10% in FY26, reaching 47-49 million sq ft, primarily due to the BFSI sector and GCCs.

India's real estate sector raised ₹22,320 crore through QIPs in 2024, marking the highest capital raised among sectors.

India's commercial office market is set to absorb 65-70 million sq ft in 2025, reflecting strong demand and easing vacancy levels.

Godrej Properties has reported significant financial growth in Q3 FY25, showcasing a robust performance in the residential real estate sector. The company achieved a net profit of Rs. 158.20 crore, which represents a remarkable 152.23% increase compared to Rs. 62.72 crore in the same quarter last

Co-working major WeWork India has posted a profit of Rs. 174.13 crore in the first half of the 2024-25 financial year, driven by strong demand for premium flexible workspaces. The company’s total income stood at Rs. 960.76 crore during the Apri

A recent amendment to the Goods and Services Tax (GST) regulations has significant implications for the commercial real estate sector in Mumbai and across India. Effective from July 1, 2017, this retrospective change prohibits commercial real estate companies from claiming Input Tax Credit (ITC)

BlackRock has leased over 1.65 lakh sq ft in Goregaon for a Global Capability Center, emphasizing Mumbai's appeal for global firms.

BMC has announced a budget of ₹74,427 crore for 2025-26, reflecting a 14.19% increase from last year.

The Supreme Court has ruled that developers can only deduct a maximum of 10% of the base price when a buyer cancels a booking.

Filmmaker Subhash Ghai has acquired a luxury apartment in Bandra for ₹24 crore.

BMC aims to generate ₹350 crore by taxing commercial establishments in slums for the 2025-26 fiscal year.