Tag: Mumbai

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…

Latest StoriesRegulatory

Bombay HC Halts BMC’s Demolition of Rakhmabai Mhatre Chawl Homes

MUMBAI: The Bombay High Court has strongly criticized the Municipal Corporation of Greater Mumbai (BMC) for its demolition notices targeting six longstanding residents of Rakhmabai Mhatre Chawl in Mulund (East), categorizing the actions as “vague, arbitrary, malafide, and a misuse of power.” Justice Milind N Jadhav, in a ruling made on January 5, 2026, granted six Appeals From Orders filed by the residents: Anita Ashok Mapuskar, Amol Pandharinath Vedak, Manik Gajanan Thakur, Rajkumar Gamandas Ramchandani, Pushpalata Pandurang Ale, and Sudhir Sambhaji Jadhav. The court provided them absolute protection from any coercive measures from the BMC until their civil suits are…

Latest StoriesResidential

Ideal Cures’ promoters purchase two Worli apartments for ₹190 crore

Representative image. Suresh Pareek and Veena S Pareek, founders of Ideal Cures, a maker of pharmaceutical excipients, have purchased two luxury apartments in the upscale Worli area of Mumbai for over Rs 190.1 crore. The purchase, featuring two adjacent units on the 43rd floor of a premium residential tower, was officially registered on December 24. This move highlights the ongoing demand for high-end large-format homes in south and central Mumbai. The two apartments boast a combined RERA carpet area of 12,114 sq ft, resulting in an average rate of approximately Rs 1.56 lakh per sq ft, ranking among the top…

IndustryLatest Stories

Lodha Developers’ Q3 FY26 Sales Up 25% to ₹5,620 Crore

NEW DELHI: Lodha Developers announced quarterly pre-sales of ₹5,620 crore for Q3 FY26, reflecting a 25% increase year-on-year. The company is on track to meet its annual pre-sales target of ₹21,000 crore. Collections for Q3 FY26 were ₹3,560 crore, which is lower compared to the same period last year due to unique inflows from significant land and office sales recorded in Q3 FY25. However, the company anticipates an increase in collections in the forthcoming quarters. During the quarter, five new projects were launched with a gross development value (GDV) of ₹33,800 crore across the Mumbai Metropolitan Region (MMR), NCR, and…

IndustryLatest Stories

Railway secures ₹1,368 crore bid for 6-acre land in Mumbai

Representative Image The Railway Land Development Authority (RLDA) has received a bid of Rs 1,368 crore for redeveloping the Supari Baug colony, a nearly six-acre land parcel located in central Mumbai’s Parel area, according to sources familiar with the matter. Dineshchandra R Agrawal Infracon is the sole bidder for this land, which will be redeveloped under a revenue share model through a long-term lease. The reserve price for the plot, which will be granted via a 99-year lease, was set at Rs 1,343 crore. The Supari Baug tender initially garnered interest due to its size and prime location in Parel,…

Latest StoriesRegulatory

FIR Filed Against Aiko Builders’ Director in ₹30 Crore Scam

MUMBAI: Neeraj Vora, the director of Aiko Builders Pvt Ltd, has been accused of defrauding a construction entrepreneur in Vasai of Rs 30 crore related to a real estate transaction concerning a plot in Mira Road. The Manikpur Police registered a First Information Report (FIR) against Vora on allegations of cheating and forgery. The complainant, Akash Gupta, reported that in 2021, Vora approached him for funding to develop a two-acre parcel of land at Mira Road, promising allocation of 1 lakh sq ft at a price of Rs 2,970 per sq ft. Vora purportedly claimed to own the land and…

IndustryLatest Stories

Runwal Enterprises buys 200 acres in Alibaug for ₹20,000 crore

Here’s a revised version of the content: — Representative AI image Real estate developer Runwal Enterprises has secured a 200-acre land parcel in the coastal town of Alibaug, situated near Mumbai. This acquisition is part of a ₹20,000 crore integrated township project authorized under the Maharashtra Regional and Town Planning (MR&TP) Act of 1966, which regulates large-scale and mixed-use developments in the region. Led by Subodh Runwal, the firm aims to roll out a project that incorporates both residential and commercial facets. Plans include a five-star hotel and social amenities like a golf course, subject to compliance with planning regulations…

Latest StoriesRegulatory

Mumbai police charge developer for cheating Motilal Oswal Finance

Here’s a rewritten version of the content: MUMBAI: The Dadar police have filed a chargesheet against a developer for allegedly defrauding Motilal Oswal Finance Ltd by selling mortgaged property that served as collateral for a housing project loan of ₹158 crore taken nearly ten years ago. The chargesheet names Ramakant Jadhav, director of Karm Infrastructure, while his partner Ketan Patel has been cleared of any wrongdoing. The police submitted a 500-page chargesheet to the Additional Chief Metropolitan Magistrate’s 5th Court in Sewri in December 2025. They have also requested permission to file a supplementary chargesheet once the absconding accused is…