Mumbai Property News

The Dharavi Redevelopment Project Pvt. Ltd. (DRPPL) has made a significant move by requesting a five-year lease for 15 acres of land in Bandra-Kurla Complex (BKC) from the Mumbai Metropolitan Region Development Authority (MMRDA). This land, previously utilized as a casting yard for Metro works, i

A recent ruling by the Bombay High Court has clarified the ownership of common plots in the upscale Juhu Vile Parle Development (JVPD) area of Mumbai. The court determined that these plots, which include utilities and amenities, are owned by 14 housing societies rather than the Maharashtra Housin

The Maharashtra Real Estate Regulatory Authority (MahaRERA) is taking significant steps to enhance the grievance redressal mechanism within the real estate sector. Despite a directive mandating realty developers to set up complaint redressal cells for their projects, compliance has been low, with

Bollywood legend Amitabh Bachchan has expanded his real estate portfolio with the acquisition of three more office properties in the Oshiwara locality of Mumbai’s Andheri suburb, for nearly Rs 60 crore. This purchase adds to his existing ownership of four offices in the same commercial tower, t

Bollywood actor Aamir Khan has made headlines with his recent acquisition of a luxury apartment in Pali Hill, Bandra West, Mumbai, for nearly Rs 10 crore. This upscale property, located in the prestigious Bella Vista Apartments, spans approximately 1,027 square feet of carpet area and is ready fo

In a significant move towards urban renewal, approximately 1,700 shanties in Bandra West have been demolished as part of a slum rehabilitation project aimed at providing housing for eligible families. This initiative will pave the way for the construction of high-rise towers, marking a critical s

Sobha Ltd, a significant player in the real estate sector, is set to initiate a rights issue starting June 28, with the goal of raising up to Rs 2,000 crore. This strategic move is designed to strengthen the company's financial standing and support its growth ambitions, particularly in the luxury

Puravankara has taken a significant step towards enhancing its financial stability by approving a fundraising initiative of up to Rs 1,000 crore through qualified institutional placement (QIP). This strategic move is aimed at supporting both ongoing and future projects, as outlined in a recent fi

The Maharashtra state government has recently formed a new 10-member committee to review and propose amendments to the Maharashtra Apartment Ownership Act, 1970. This development follows the submission of recommendations by a previous 15-member panel just eight months ago, which has raised concer

Sobha Limited has taken a significant step in its financial strategy by announcing a rights issue aimed at raising up to Rs 2,000 crore. This move, approved by the company's Board of Directors, is designed to bolster the company's capital base to support its growth and development initiatives.</p

Kolte-Patil Developers has announced a significant leadership transition with the resignation of Group Chief Executive Officer (CEO) Rahul Talele. He is stepping down to pursue new professional opportunities but will remain with the company in a non-key managerial role until August 31, 2024, to f

The residential real estate market in India has been on a steady upward trajectory since 2013, with prices appreciating significantly over the years. This growth has occurred even as inflation rates have moderated, indicating a strong demand for housing in urban areas. Strong Growth Amid