Tag: Mumbai real estate

IndustryLatest Stories

Oberoi Realty Wins Bid for 11-Acre Bandra East Land

Representative AI image NEW DELHI: Oberoi Realty has won the highest bid for a long-term lease of approximately 45,371 square meters (about 11 acres) of railway land in Bandra East, Mumbai. This was confirmed after the financial bids were opened by the Railway Land Development Authority (RLDA), a statutory body under the Ministry of Railways. The company submitted a bid of ₹5,400 crores, quoted as net present value (NPV), for a 99-year lease on the land, which is strategically located along the Western Express Highway and has potential for around 19.5 lakh sq ft of floor space index (FSI). As…

IndustryLatest Stories

Keystone Realtors’ Q3 FY26 Sales Drop 3% to ₹837 Crore

NEW DELHI: Keystone Realtors Ltd, a real estate firm, reported a 3% drop in sales bookings to ₹837 crore in Q3 of this fiscal year, having launched only one housing project. This compares to ₹863 crore during the same period last year. The Mumbai-based company operates under the Rustomjee brand. In the first nine months of this fiscal year, the firm saw a 23% increase in sales bookings, reaching ₹2,676 crore, up from ₹2,174 crore in the previous year, as stated in a regulatory filing. Boman Irani, CMD of Keystone Realtors Ltd, emphasized that the company maintains strong operational momentum.…

IndustryLatest Stories

Mumbai Real Estate Developers to Pause for Civic Elections

MUMBAI: Real estate developers in the Mumbai Metropolitan Region, which includes Mumbai, Thane, and Navi Mumbai, are currently adopting a cautious approach to project approvals and amendments due to the upcoming municipal elections and the implementation of the Model Code of Conduct. This comes despite steady housing demand in the area. Although there has been no official halt on construction-related permissions, industry stakeholders indicate that administrative processes typically slow down during civic election periods, as many officials are preoccupied with election duties. This has led developers to adjust their timelines for various discretionary approvals, such as revised commencement certificates, layout…

IndustryLatest Stories

Sumitomo Realty Bets on Mumbai’s Serviced Apartments

MUMBAI: Sumitomo Realty and Development, Japan’s third-largest developer, is set to expand its operations in India with a unique approach: focusing on Mumbai and managing apartments instead of selling them, executives told Reuters. Japanese developers are increasing their footprint in India’s $300 billion real estate market, drawn by rising rents and significantly lower construction costs than in Tokyo, New York, or London. Companies like Mitsui Fudosan and U.S.-based Blackstone have been expanding across India through partnerships with local developers or acquiring completed buildings, in light of slow land acquisition processes. In contrast, Sumitomo is focusing on Mumbai and opting for…

Latest StoriesResidential

Nadiadwala Grandson Entertainment Acquires ₹36.57 Crore Apartments

NEW DELHI: Nadiadwala Grandson Entertainment has acquired two apartments in Prabhadevi, Mumbai, totaling ₹36.57 crore. Both purchases were recorded in October 2025. As per property registration documents from the Inspector General of Registration (IGR) reviewed by Square Yards, the first apartment, situated in Hubtown Twenty Five South North in South Mumbai, is valued at ₹18.57 crore. It boasts a RERA carpet area of 222.13 sq meters (2390 sq ft) with an additional area of 19.40 sq meters (208 sq ft) and includes two dedicated parking spaces. The related stamp duty for this transaction was ₹1.11 crore, along with registration fees…

Latest StoriesResidential

South Mumbai Societies Enticed by Luxe Lunches for Redevelopment

MUMBAI: This weekend, a prestigious luxury hotel in South Mumbai will host meetings for affluent residents of a prime housing society on Altamont Road, one of the most expensive residential areas in India. Three of Mumbai’s top developers will separately present their redevelopment proposals. The competition for these prime properties is expected to be fierce, as new apartments can demand prices exceeding Rs 1.5 lakh per square foot. On Saturday, a notable developer from Goregaon has reserved a large banquet hall at the hotel. The following day, another major developer will host a lunch at an entire restaurant located on…