Tag: Mumbai

Latest StoriesRegulatory

Govt to investigate low bids for cessed South Mumbai repairs

NAGPUR: On Wednesday, the state government initiated an inquiry into tenders that were allegedly quoted “below estimated price” for the rehabilitation of aging and crumbling buildings in Mumbai, following claims of irregularities raised in the assembly. During a discussion regarding nearly 16,000 cessed buildings in south Mumbai, Congress MLA Amin Patel urged the government for immediate action to accelerate their redevelopment. He pointed out that tenders issued by Mhada received bids that were 100-140% lower than the estimated costs. “Under the guise of repairing these dilapidated buildings, contractors are illegally adding extra floors and profiting from the sale of these…

IndustryLatest Stories

Mumbai: MHADA Calls for Online Tenders for 16 Plots

Representative AI image MUMBAI: The Mumbai Housing and Area Development Board, part of the Maharashtra Housing And Area Development Authority, has reissued online tenders for 16 amenity plots after the initial bid failed to attract any responses. These plots are situated within various Mhada layouts across Malad-Malvani, Goregaon (Unnat Nagar), Kandivli (Charkop), Vikhroli (Tagore Nagar and Kannamwar Nagar), as well as in Gorai, Akurli, Vinoba Bhave Nagar (Kurla), and Mulund (East). The sizes of the plots vary from 32 sq m to 7,160 sq m. Out of the 21 plots available, six in Malad-Malvani are designated for schools, colleges, hospitals,…

IndustryLatest Stories

Maharashtra Assembly Eases Land Subdivision Rules for 3 Crore Residents

NAGPUR: On Tuesday, the Maharashtra Legislative Assembly approved an amendment bill aimed at simplifying the subdivision of small land plots in urban areas. The government claims this legislation will benefit approximately three crore residents. The Maharashtra Land Revenue Code (Second Amendment) Bill, 2025, introduced by Revenue Minister Chandrashekhar Bawankule, was passed following a debate in the lower house. This legislative change is expected to help around 60 lakh families, or about three crore residents, residing on small ‘gunthewari’ plots (unauthorized divisions of agricultural land for residential use) in urban settings. With this amendment, the processes of buying and selling small…

Latest StoriesRegulatory

Maharashtra Grants Legal Status to Digital Land Records

Representative AI image NAGPUR: On Thursday, the Maharashtra government officially recognized digitally signed 7/12, 8-A, and property card extracts, signifying a significant transformation in the state’s land administration. Revenue Minister Chandrashekhar Bawankule has instructed district collectors to treat these digital land records as legally binding for all governmental bodies, courts, banks, and registration offices, thereby eliminating a process that has long been hindered by bureaucracy, delays, and dependence on manual signatures. Effective immediately, citizens can download certified copies of their land documents online via the Mahabhumi portal for ₹15. These extracts are embedded with a digital signature, a scannable QR…

Latest StoriesResidential

Sanjali Bajaj Acquires Sea-View Apartment in Worli for ₹66 Crore

Representative AI image Sanjali Bajaj, the daughter of Bajaj Group scion Sanjiv Bajaj, has purchased a luxurious sea-view apartment in a tower on Dr. Annie Besant Road in Mumbai’s Worli area for ₹66.41 crore. The apartment, which spans a carpet area of 5,510 sq ft, is valued at over ₹1,20,500 per sq ft. It is located on the 5th habitable floor and features an exclusive balcony measuring 430 sq ft. The purchase includes two additional sections on the 8th podium level, totaling 1,360.89 sq ft and 14.20 sq ft, mainly for parking and ancillary purposes, as indicated in documents accessed…

Latest StoriesRegulatory

SC: Surging Real Estate Disputes in Delhi, Mumbai Affect Builders

NEW DELHI: The Supreme Court expressed its concerns on Friday regarding the increasing number of homebuyer cases in Delhi-NCR and the re-development projects in Mumbai, noting its adverse impact on the reputation of real estate developers. A bench consisting of Justices J.B. Pardiwala and P.B. Varale was addressing a dispute related to the re-development of a Mumbai housing society. They remarked that the scale of real-estate disputes is alarming in both Delhi-NCR and Mumbai. “This real estate issue is quite serious in these areas. In Delhi-NCR, countless homebuyers are impacted by housing projects, while Mumbai faces challenges with re-development initiatives.…

CommercialLatest Stories

Sonu Nigam Leases Mumbai Commercial Unit for ₹19 Lakh/Month

NEW DELHI: Sonu Nigam has rented a commercial space in Trade Centre BKC, Santacruz East, Mumbai, at a monthly rate of ₹19 lakh. The leased area spans 4,257 sq ft (395 sq meters). The transaction included a stamp duty of ₹3.27 lakh and a registration fee of ₹1,000, along with a security deposit of ₹90 lakh, as per property registration documents from the Inspector General of Registration (IGR) reviewed by Square Yards. The lease was officially recorded in December 2025. The lease agreement extends over five years. The rent is fixed at ₹19 lakh for the first year, escalating by…

Latest StoriesRegulatory

Mumbai Realty Firm and Directors Charged with ₹31 Crore Fraud

MUMBAI: A case has been filed against a real estate company and its two directors for allegedly defrauding 19 individuals of ₹31 crore by promising exorbitant returns on an investment in a redevelopment project, as reported on Thursday by officials. The Economic Offences Wing (EOW) of the Mumbai police is currently investigating the matter. A 71-year-old resident of Andheri East recently approached the authorities, accusing M/s Ranbeer Real Estate Developers LLP and its two directors of deceiving him and 18 other investors. The complainant stated to the police that the accused had guaranteed an annual return of 18% on the…

CommercialLatest Stories

HRX Digitech LLP Acquires 4 Commercial Units for ₹10.90 Cr in Mumbai

NEW DELHI: Rakesh Roshan and his son Hrithik Roshan’s company, HRX Digitech LLP, has acquired four commercial units in Andheri West, Mumbai for ₹10.90 crore, according to property registration documents examined by Square Yards. All transactions were registered in November 2025 at Yura Business Park Phase 2. The first property, valued at ₹3.42 crore, features a carpet area of 79.15 sq meters (852 sq ft) and includes two car parking spaces, incurring a stamp duty of ₹20.54 lakh and registration fees of ₹30,000. The second unit was acquired for ₹2.19 crore. It has a carpet area of 50.63 sq meters…

CommercialLatest Stories

Kartik Aaryan’s Parents Purchase Mumbai Office for ₹10.8 Crore

NEW DELHI: Kartik Aryan’s parents have purchased an office unit in Mumbai’s Vile Parle for ₹10.83 crore, as reported by Zapkey. The transaction took place in November, with a stamp duty of ₹65 lakh paid. This property, sold by Notan House, features a carpet area of 1,228 sq ft and includes two parking spaces, as per the documentation. Notandas Realty was the developer of Notan House. Published On Dec 3, 2025 at 10:36 AM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights and analysis delivered to your inbox. Everything about…