Tag: Mumbai

IndustryLatest Stories

Kalpataru’s Q2 FY26 Sales Bookings Rise 19% to ₹1,329 Crore

NEW DELHI: Realty company Kalpataru Ltd announced a 19% increase in sales bookings, reaching Rs 1,329 crore in the second quarter of this fiscal year, driven by strong housing demand. The sales bookings, or pre-sales, were Rs 1,117 crore during the same period last year. In its regulatory filing, Kalpataru Ltd reported a 43% rise in sales bookings, totaling Rs 2,577 crore in the first half of this fiscal compared to Rs 1,799 crore during the corresponding period of the previous year. Based in Mumbai, Kalpataru Ltd is recognized as one of the leading real estate developers in the country.…

IndustryLatest Stories

Arkade Developers Q2 FY26 Profit Rises 6% to ₹45.8 Crore

NEW DELHI: Arkade Developers Ltd has reported a 6% increase in consolidated net profit, reaching ₹45.80 crore for the quarter ending in September, driven by higher revenue. In the same quarter last year, the net profit was ₹43.36 crore. Total income rose to ₹264.82 crore in the July-September quarter of this fiscal year, up from ₹203.33 crore during the same period last year, according to a regulatory filing. Mumbai-based Arkade Developers has successfully delivered over 5.5 million square feet of property, with another 2 million square feet currently under construction. Published On Oct 17, 2025 at 10:31 AM IST Join…

Latest StoriesRera

MahaRERA Registers 200 Projects in One Day, 809 in Two Weeks

In a significant initiative to expedite project approvals across Maharashtra, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has authorized an unprecedented 200 housing projects in a single day on the eve of Dussehra, totaling 809 applications approved over the last two weeks amidst heightened activity during the festive season. These approvals include new registrations, timeline extensions, and amendments to existing projects, ensuring compliance with technical, legal, and financial standards. The regulator emphasizes that these approvals are part of broader efforts to uphold regulatory integrity while facilitating timely housing project execution throughout the state. The importance of these approvals is underscored…

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Hiranandani Acquires Land in Andheri, Mumbai

Representative image Realty developer House of Hiranandani has secured an acre of land in Mumbai’s Andheri East as part of its strategy to enhance its commercial real estate presence in the city’s evolving office market. The company plans to invest over Rs 500 crore in developing a premium commercial tower on this site. The project is projected to offer around 400,000 sq ft of leasable space, with construction set to commence within three to six months, pending regulatory approvals. This development aims to meet the increasing demand for Grade A office spaces in Mumbai’s western suburbs, fueled by strong occupier…

Latest StoriesResidential

Deputy CM Pays ₹17.7 Crore Unpaid Rent to 883 Magathane Families

MUMBAI: In the lead-up to the BMC elections, Deputy Chief Minister Eknath Shinde has transferred approximately ₹17.7 crore in overdue rents to 883 families involved in a Slum Rehabilitation Authority (SRA) project in Magathane on Tuesday. The redevelopment project for the Devipada Cooperative Housing Society, which spans 30,287 sq m of Mhada land, has faced delays, accumulating approximately ₹46 crore in overdue rents owed to the affected slum dwellers, as reported by SRA officials. Earlier this month, when the builder remitted ₹17.7 crore to the SRA, Shinde, also serving as the state housing minister, allocated the entire sum to eligible…

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Maharashtra: Only 31% Builder Recovery Warrants Executed, Buyers Upset

PUNE: Homebuyers across Maharashtra are expressing their dissatisfaction with the slow progress on recovery warrants issued against non-compliant builders by MahaRERA, with only 31% of cases resolved to date. Despite a directive from the state government to hasten the process, officials revealed that only ₹243 crore has been recovered from the ₹760 crore owed in 1,212 cases. The slow recovery stands in stark contrast to revenue minister Chandrashekhar Bawankule’s promise during the state budget session to eliminate the backlog within three months. Recovery warrants, issued under Section 40(1) of the Real Estate (Regulation and Development) Act (RERA), authorize district administrations…

Latest StoriesResidential

Mumbai civic body plans first independent online lottery for flats

Representative Images MUMBAI: For the first time, the BMC will independently conduct an online lottery for the sale of 426 homes across the city, with anticipated revenues of approximately Rs 308 crore. The flats, priced between Rs 55 lakh and Rs 1 crore, are situated in areas such as Kandivli, Bhandup, Byculla, Kanjurmarg, Jogeshwari, and Goregaon. These homes will exclusively be available for applicants from the Economically Weaker Section (EWS) and Low-Income Group (LIG). The BMC obtained these tenements under Regulation 15 of the Development Control and Promotion Regulations (DCPR) 2034, which requires that developers allocate a portion of residential…

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Railways to Lease Prime Mumbai Land Worth Crores

MUMBAI: India’s largest landowner is leasing prime real estate across the country to fund infrastructure projects. In September, Indian Railways, via its land development authority (RLDA), called for bids to generate at least Rs 8,000 crore by leasing significant land areas in Mumbai. The RLDA plans to offer around 10.11 hectares in four key locations in Mumbai’s bustling real estate market. These Mumbai plots are part of nearly 340 hectares the RLDA intends to lease to private entities nationwide. The railways aim to lease approximately 110 hectares in Mumbai gradually. Land slices have been identified for auction in upscale areas…

Latest StoriesResidential

Bombay HC Approves Vienna Apartments’ Housing Society Formation

MUMBAI: The Bombay High Court has permitted the registration of the Vienna Apartments Co-operative Housing Society in Juhu, overturning a state government decision from June 2021 that had prevented it. Justice Amit Borkar determined that the previous refusal was legally flawed and not aligned with the aims of homebuyer protection laws, including the Maharashtra Ownership Flats Act (MOFA) and the Maharashtra Co-operative Societies Act (MCS Act). The Court re-established an earlier decision from December 18, 2020, which had granted the registration, and instructed the relevant authorities to issue the registration certificate within four weeks. The case revolves around the Vienna…

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Kolte-Patil Q2 FY26 Pre-Sales Fall 13% to ₹670 Crore

NEW DELHI: Kolte-Patil Developers Ltd has reported a 13% decline in sales bookings, amounting to Rs 670 crore for Q2 of this fiscal year, attributed to reduced area sold amidst declining demand in the Indian residential sector. In the same period last year, sales bookings were ₹770 crore. According to a regulatory filing from the Pune-based firm, sales volumes fell by 17%, totaling 0.86 million square feet in the July-September quarter compared to 1.03 million square feet the previous year. In the first half of the fiscal year, the company’s sales bookings decreased by 13% to Rs 1,286 crore, down…