Tag: Mumbai

IndustryLatest Stories

Mahindra Lifespaces to Redevelop Four Mumbai Societies

NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate arm of the Mahindra Group, has been chosen as the preferred partner for redeveloping four residential societies in Malad (West), Mumbai. The project spans approximately 1.65 acres and has a development potential estimated at ₹800 crore. Vimalendra Singh, Chief Business Officer (Residential) at MLDL, stated, “This aligns with our strategy to strengthen our presence in established micromarkets, allowing us to leverage economies of scale and improve project efficiencies.” In a separate regulatory update, the company announced its acquisition of 13.46 acres of land in the prestigious Nande-Mahalunge region of Pune, expected…

IndustryLatest Stories

Amitabh Bachchan Acquires Three Land Parcels in Alibaug

Bollywood actor Amitabh Bachchan has recently purchased three adjacent parcels of land in Alibaug, a coastal town near Mumbai, to construct a luxurious villa known for its scenic sea views and celebrity ownership. The combined size of the parcels is a quarter of an acre, with the actor reportedly spending around Rs 10 crore on the acquisition, which was officially registered on Tuesday. The esteemed actor acquired the plots from HOABL Landbuild and paid a total stamp duty of approximately Rs 40 lakhs for the three distinct transactions, according to documents from the real estate analytics firm CRE Matrix. In…

IndustryLatest Stories

Puravankara Q2 FY26 Pre-Sales Rise 4% to ₹1,322 Crore

NEW DELHI: Puravankara has announced pre-sales of ₹1,322 crore for Q2 FY26, reflecting a four percent increase from ₹1,270 crore in Q2 FY25. The average price realization rose by seven percent year-on-year, reaching ₹8,814 per sq ft in Q2 FY26. Additionally, customer collections for the quarter surged by eight percent year-on-year, amounting to ₹1,047 crore. Ashish Puravankara, the company’s managing director, stated, “In Q2 FY26, we maintained our growth momentum, primarily through sustained sales, achieving pre-sales of ₹1,322 crores and collections of ₹1,047 crores, both with year-on-year improvements.” In the first half of FY26, the company added over 6.36 million…

CommercialLatest Stories

Crisil Signs 15-Year, ₹600 Crore Lease in Saki Vihar, Mumbai

Certainly! Here’s a rewritten version of the content: Rating agency Crisil Ltd has secured over 2.5 lakh sq ft of office space in the Saki Vihar area of Mumbai through a long-term lease. This agreement, amounting to nearly Rs 600 crore, stands out as one of the city’s largest single-tenant office deals in recent months. The new office spans six floors of the commercial tower Lightbridge, co-owned by the Hiranandani brothers. The lease, which begins on August 31, 2025, extends for 15 years. The location will be branded as Crisil House, Lightbridge, following the company’s identity at its headquarters in…

InfrastructureLatest Stories

PM Launches Final Phase of Mumbai Metro Line 3

MUMBAI: On Wednesday, Prime Minister Narendra Modi officially launched the final segment of the Mumbai Metro Line-3, connecting Acharya Atre Chowk to Cuffe Parade—a pivotal development in the city’s infrastructure. The 10.99-km ‘Phase 2B’ is part of Mumbai’s first fully underground metro corridor, the Aqua Line, which spans a total length of 33.5 km, and will be fully operational from Thursday. The prime minister inaugurated this segment virtually from Navi Mumbai, where he also opened the Navi Mumbai International Airport. According to the Mumbai Metro Rail Corporation (MMRC), services across the complete underground corridor, stretching from Cuffe Parade in South…

Latest StoriesRegulatory

Bombay HC: 2019 GR Directory Redevelopment Guidelines Not Mandatory

MUMBAI: The Bombay High Court has dismissed a petition from a member of a Goregaon (W) housing society who contested the appointment of a builder for redevelopment without a tender process, as per a government resolution from July 2019. “This court has previously determined that the July 4, 2019 GR is not mandatory but rather directory in nature. The guidelines aim to ensure a fair and transparent redevelopment process. Thus, any deviation or procedural lapse does not automatically constitute an actionable wrong unless it violates the intent of the directives or a statutory requirement,” stated Justices Suman Shyam and Manjusha…

Latest StoriesResidential

TRU Realty to Invest ₹110 Crore in Mumbai Residential Project

NEW DELHI: TRU Realty is set to invest ₹110 crore in a new residential project named Spectrum Life in Santa Cruz, Mumbai. This project, located on a prime freehold site in Santa Cruz, is projected to yield over ₹200 crore in revenue by 2030. In collaboration with Shrem Group, the development will cover half an acre and include two towers with a total of 50 residential units. With prices starting from ₹2.92 crore, the project will feature 2, 3, and 4 BHK apartments, with possession anticipated by 2028. Published On Oct 9, 2025 at 09:05 AM IST Join the community…

IndustryLatest Stories

Ajmera Realty Q2 FY26 Sales Bookings Surge to ₹720 Crore

NEW DELHI: Ajmera Realty & Infra India Ltd has reported a substantial increase in sales bookings, nearly tripling to Rs 720 crore in the second quarter of this fiscal year, attributed to heightened demand for its housing projects. The company recorded sales bookings of Rs 254 crore during the same period last year. For the first half of the fiscal year, sales bookings grew by 48% to Rs 828 crore, compared to Rs 560 crore in the equivalent period of the previous financial year, as stated in a regulatory filing. Mumbai-based Ajmera Realty & Infra India is among the leading…

IndustryLatest Stories

Keystone Realtors’ Q2 FY26 Sales Bookings Up 9% to ₹763 Crore

NEW DELHI: Keystone Realtors, a leading real estate firm, reported a 9% increase in sales bookings, totaling Rs 763 crore for the second quarter of this fiscal year. This growth is attributed to increased demand for its properties, compared to Rs 700 crore during the same period last year. The company noted, “Pre-sales reached Rs 763 crore in Q2 of FY26, compared to Rs 700 crore in Q2FY25, marking a 9% year-on-year growth,” as stated in a regulatory filing. For the first half of this fiscal year, sales bookings surged by 40% to Rs 1,831 crore, up from Rs 1,311…

IndustryLatest Stories

Anant Raj Shares Drop 4% After QIP Launch, Floor Price at ₹695.83

Shares of Anant Raj Ltd experienced a decline, dropping by up to 4% to a low of Rs 708.40 on the NSE on Wednesday, October 8. This dip followed the company’s board decision to initiate a qualified institutional placement (QIP) of equity shares with a minimum price set at Rs 695.83 per share, representing a 5.5% discount relative to the previous closing price of Rs 736. The floor price aligns with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as stated in a regulatory filing from October 7. Anant Raj noted that the…