Tag: Mumbai

IndustryLatest Stories

Maharashtra Tightens SRA Norms to Secure Rehab Dues on Flats

The Slum Rehabilitation Authority (SRA), the Maharashtra government’s key agency for slum redevelopment, has tightened regulations on free-sale inventory in slum rehabilitation projects. It now requires the preemptive freezing of designated sale flats to ensure transit rent payments and the fulfillment of permanent alternate accommodation (PAP) obligations for eligible slum inhabitants. In a comprehensive office order issued in accordance with previous directives and the Bombay High Court’s rulings, the SRA stated that sale flats will be ring-fenced at the Intimation of Approval (IOA) stage, as well as during the issuance of amended IOAs, Letters of Intent (LOIs), or revised LOIs.…

IndustryLatest Stories

Puravankara’s Q3 FY26 Pre-Sales Reach ₹1,414 Crore

Here’s a revised version of your content: NEW DELHI: Puravankara reported pre-sales of ₹1,414 crore in Q3 FY26, reflecting a 17% year-on-year increase, while collections rose by 22% to ₹1,140 crore. In the nine months ending December 2025, the company expanded its development portfolio with projects amounting to an estimated gross development value (GDV) of approximately ₹13,900 crore across Bengaluru and Mumbai. The growth included land acquisitions, joint venture agreements, and redevelopment projects, contributing a total potential developable area of 12.76 million sq ft during this period. During Q3 FY26, Puravankara delivered 1.23 million sq ft, equating to 1,116 homes,…

IndustryLatest Stories

Ajmera Realty Sees ₹1,431 Crore Sales in First 9 Months FY26

NEW DELHI: Ajmera Realty & Infra India (ARIIL) witnessed a remarkable 72% year-on-year increase in sales during the first nine months of FY26, reaching a sales value of ₹1,431 crore. The company is optimistic about surpassing its annual sales target of ₹1,600 crore. Dhaval Ajmera, the director of corporate affairs, stated, “We’ve experienced strong growth, achieving double the sales and collections compared to the previous quarter. This robust performance has reinforced our overall growth trajectory, resulting in nearly 70% growth across both metrics for the nine-month period. With ₹1,431 crore in sales already secured, we’ve exceeded our target and are…

CommercialLatest Stories

BA Continuum India signs ₹236-crore lease for Powai office

Bank of America’s captive services division, BA Continuum India, has secured over 1.11 lakh sq ft of office space in the commercial tower of Chalet Hotels located in Mumbai’s Powai area through a long-term lease extending nearly 11 years, with a total rental commitment exceeding Rs 236 crore. The lease, which spans two floors of the tower, includes a stepped escalation clause that stipulates a rent increase of 15% on October 1, 2027, and subsequently every three years. According to the lease terms, BA Continuum will start with a monthly rent of Rs 1.43 crore, approximately Rs 129 per sq…

CommercialLatest Stories

Tushar Infra and Pantheon Sell Mumbai Property for ₹559.25 Cr

Representative image NEW DELHI: Tushar Infra Developers, helmed by Tusshar Kapoor, in partnership with Pantheon Buildcon, led by Jitendra Kapoor, has successfully sold a commercial property in Chandivali, Mumbai, for ₹559.25 crore. This property, located in Balaji IT Park (DC-10 Building), boasts a built-up area of approximately 30,195 sq. m. (around 3,25,016 sq. ft.), as indicated by property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) website. The transaction was officially recorded in January 2026. Additionally, there was a previous transaction at Balaji IT Park, which took place in May 2025, totalling ₹855 crore. Published…

CommercialLatest Stories

JP Morgan Leases 2.71 Lakh Sq Ft Office in Mumbai for ₹9 Cr/Month

NEW DELHI: JP Morgan has leased 272,000 sq ft of office space in Mumbai from Cowrks at a starting monthly rental of ₹9.23 crore, as reported by CRE Matrix. Real estate analytics firm CRE Matrix obtained the lease agreement from the Maharashtra government. The global financial services firm, JP Morgan Services India Pvt Ltd, has leased 271,955 sq ft at the One Downtown Central (Crisil House) Building in Powai, Mumbai. The lease agreement, finalized in December, involves Cowrks India Pvt Ltd, JP Morgan Services India Pvt Ltd, and Kairos Properties Pvt Ltd, according to CRE Matrix. Kairos Properties owns the…

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.…

CommercialLatest Stories

Windsor Realty buys four Santacruz office units for ₹283 crore

MUMBAI: Windsor Realty, a real estate developer, has acquired office spaces totaling 42,340 sq ft in a commercial tower in Santacruz, Mumbai, near the Bandra-Kurla Complex, for Rs 283 crore. This acquisition is part of a strategy to consolidate ownership of the asset. The transaction included the purchase of commercial units from corporate entities, notably Prism Johnson Ltd, and from the developer’s business partner. This move centralizes ownership, enhancing property management and control. Documents from the realty data platform Propstack indicate that Prism Johnson sold a significant portion of their property, totaling 25,984 sq ft, for approximately Rs 166 crore,…

IndustryLatest Stories

Oberoi Realty, Shree Naman vie for 11-acre Mumbai land

Representative AI image Real estate developers Oberoi Realty and Shree Naman Developers have qualified as bidders for the Railway Land Development Authority’s 11.21-acre prime land parcel in Mumbai’s Bandra locality, according to sources familiar with the matter. The Railway Authority set a reserve price of ₹5,365 crore for the land located along the Western Express Highway in Bandra East. The land will be leased for a 99-year term under a revenue-share model, with a base FSI of four times, as per the Railways’ tender conditions. According to one source, “The selected developer is required to share a minimum of 45%…

Latest StoriesResidential

Rohit Sharma’s wife purchases Mumbai apartment for ₹26.30 crore

NEW DELHI: Ritika Sajdeh, wife of Rohit Sharma, has acquired an apartment in Ahuja Towers, Prabhadevi, Mumbai, for ₹26.30 crore. The new apartment boasts a carpet area of 2,760.40 sq ft (256.45 sq meters) and includes three designated car parking spaces. The transaction involved a stamp duty of ₹1.31 crore and registration fees of ₹30,000, as indicated in the property registration documents accessed by Square Yards from the Inspector General of Registration (IGR) website. The deal was officially registered in December 2025. Published On Jan 8, 2026 at 01:30 PM IST Join a community of over 2M industry professionals. Subscribe…