Tag: Mumbai

IndustryLatest Stories

Private firms to manage 60 property registration centers; Pune, Mumbai first

Representative AI image PUNE: The state government plans to establish 60 property registration offices across Maharashtra, managed by private institutions, to simplify the process, enhance efficiency, and reduce waiting times—albeit at an additional cost, officials informed TOI on Friday. The proposed centers are designed similar to passport service centers and will operate alongside the current 517 government-run sub-registrar offices. Officials stated that the revenue department approved the proposal last year, and its implementation will occur in phases. In the first phase, five centers will be launched in Mumbai, Pune, Thane, and Nagpur. “We anticipate opening them within six months. Tenders…

Latest StoriesRegulatory

Bombay HC Orders Developer to Withdraw Anticipatory Bail Plea

MUMBAI: The Bombay High Court has admonished a developer for approaching it while his anticipatory bail application was still under consideration at the Dindoshi Sessions Court, emphasizing that he should seek relief from the appropriate forum first. The court instructed the accused to promptly withdraw his anticipatory bail petition from the High Court and to pursue options available in the Sessions Court. Justice N.R. Borkar was hearing the bail plea from Housecon developer Mansukh Shah, who, along with his son Akash Shah, has been charged by the Economic Offences Wing (EOW). They allegedly induced a businessman to invest ₹5.15 crore…

Latest StoriesResidential

Shraddha Kapoor Renews Juhu Apartment Lease for ₹6 Lakh/Month

MUMBAI: According to property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) website, Shraddha Kapoor has renewed her apartment lease in Mumbai’s Juhu area for a starting monthly rent of ₹6 lakh. The lease renewal, registered in February 2026, pertains to a unit in Prime Beach, Juhu, covering approximately 365 sq metres (around 3,929 sq ft), which includes four car parking spaces. The lease term is set for 12 months, totaling a rental value of ₹72 lakh for the duration. The transaction involved a stamp duty payment of ₹36,000 and registration charges of ₹1,000. Previously,…

Latest StoriesRegulatory

ED Seizes Anil Ambani’s ‘Abode’ Valued at ₹3,716 Crore

File photo NEW DELHI: The Enforcement Directorate (ED) announced on Wednesday the attachment of Anil Ambani’s Mumbai residence, ‘Abode’, valued at ₹3,716 crore, under the anti-money laundering law. This action precedes Ambani’s anticipated second round of questioning by the agency on Thursday in connection with the alleged bank loan fraud involving Reliance Communications (RCOM). The lavish residence, standing at 66 meters with 17 floors, is situated in Mumbai’s Pali Hill area. The ED has issued a provisional order for the asset attachment under the Prevention of Money Laundering Act (PMLA), citing connections to alleged fraud related to RCOM. The agency…

Latest StoriesRera

Maharashtra Minister: Intensifying Recovery of MahaRERA Dues

MUMBAI: The government is poised to take stringent measures to recover outstanding dues under the Maharashtra Real Estate Regulatory Authority (MahaRERA), as stated by state minister Shambhuraj Desai in the assembly on Thursday. In response to BJP MLA Atul Bhatkhalkar’s inquiry about the non-implementation of MahaRERA orders for compensating homebuyers, Desai mentioned that the government aims to elevate the recovery rate beyond 34 percent. The Centre has urged states to ensure effective RERA implementation for the benefit of homebuyers, with Prime Minister Narendra Modi reviewing the situation with chief secretaries from all states and promoting a robust recovery strategy. Desai…

Latest StoriesResidential

Suryakumar Yadav’s Wife Buys Mumbai Apartment for ₹7.18 Crore

File Photo NEW DELHI: Devisha Yadav, wife of cricketer Suryakumar Yadav, has acquired an apartment in Godrej Sky Terraces, Chembur, Mumbai, for ₹7.18 crore. The apartment spans a carpet area of 1,402 sq ft (130.25 sq meters) with a total area of 1,516.20 sq ft (140.86 sq meters), as per property registration documents accessed by Square Yards on the Inspector General of Registration (IGR) website. The transaction was officially registered in February 2026. The residence also includes two dedicated car parking spaces. A stamp duty of ₹35.90 lakh and registration fees of ₹30,000 were paid during the transaction. In March…

IndustryLatest Stories

Lodha Developers acquires 4.3-acre Malabar Hill site with bungalows

Representative Image MUMBAI: Lodha Developers, a leading real estate firm, has acquired development rights for a valuable 4.3-acre land site in the affluent Malabar Hill area of South Mumbai, where six bungalows and other buildings currently stand. The projected development value is approximately ₹2,800 crore. The agreement entails an initial payment along with a combination of monetary and non-monetary compensations to the land-owning trust once redevelopment is complete. The property, owned by the Sorabji Kanga Charity Trust, includes a residential tower and a chawl, though the tower will not be part of the redevelopment plan, according to informed sources. As…

CommercialLatest Stories

GCC: India’s Front Office – A New Era in Office Markets

The consensus was clear: GCC growth remains durable, flex has matured into a mainstream asset class, and integrated business districts are redefining the competitive landscape. According to leaders at Panel 3 — *“GCCs, Flex Workspaces & Co-working: Is 2026 the Inflection Point for India’s Office Market?”* — at the RealtyDailyNews Realty Real Estate Conclave 2026, India’s office market may be undergoing a structural reset rather than a temporary improvement. The session, moderated by Badal Yagnik, CEO & Managing Director – India, Colliers, featured industry leaders, including Amit Ramani of Awfis Space Solutions, Vithal Suryavanshi from The Phoenix Mills, Vikram Goel…

CommercialLatest Stories

6-8% Yield & Appreciation: REIT Leaders Chart India’s Realty Future

The discussion emphasized the considerable opportunities within India’s commercial stock. REITs are transitioning from a niche market to a mainstream option as capital markets broaden their involvement in India’s commercial real estate sector. This was a key takeaway from a conclave session discussing the potential of REITs as the backbone of the industry. Moderated by Mahaveer Jain, Director at India Ratings & Research, the panel included Ramesh Nair (Board Member, IRA | MD & CEO, Mindspace Business Parks REIT), Shirish Godbole (Board Member, IRA | CEO, Knowledge Realty Trust), Alok Aggarwal (Chairperson, IRA | CEO, Brookfield REIT), Abhishek Agarwal (CFO,…

IndustryLatest Stories

Real Estate: India’s Growth Multiplier, Says Niranjan Hiranandani

Hiranandani described real estate as a central pillar of India’s growth narrative. During the keynote address at the RealtyDailyNews Realty Real Estate Conclave 2026, Niranjan Hiranandani, Chairman of NAREDCO and Co-Founder & MD of Hiranandani Group, presented an optimistic and balanced perspective on India’s real estate sector. He framed the industry within the context of India’s broader economic growth, emphasizing continuous GDP growth, accelerated infrastructure development, and increased credit availability as key drivers for future development. “Commercial lending is achieving annual growth rates of nearly 15%,” Hiranandani remarked, connecting the increase in credit accessibility to both homebuyers and developers. With…