Tag: Mumbai

IndustryLatest Stories

Sunteck Realty to unveil ₹20,000 crore luxury homes in Mumbai, Dubai

Representative image NEW DELHI: Sunteck Realty Ltd is venturing into the ultra-luxury housing market to address increasing demand. The company plans to unveil two new projects in Mumbai and Dubai by June next year, aiming for an estimated revenue of ₹20,000 crore. Sunteck Realty will launch these ultra-luxury residences under its exclusive brand ‘Emaance’, a blend of ‘Immense’ and ‘Indulgence’. “We are entering the ultra-luxury residential segment under Emaance, with costs starting at ₹100 crore per apartment,” said Kamal Khetan, CMD of Sunteck Realty, in an interview with PTI. The price of some units could reach as high as ₹500…

Latest StoriesRegulatory

CBI Targets Builders, Financial Officials in Crackdown

Image used for representation. NEW DELHI: The CBI conducted searches at 12 locations across Kolkata, Bengaluru, and Mumbai on Saturday, following the registration of six new cases against builders and financial institution officials for allegedly defrauding homebuyers. The agency is probing a collusion between builders and financial institution officials that deceived homebuyers in these cities, acting on directions from the Supreme Court. The FIRs include Bengaluru-based Ithaca Estate Private Limited, LGCL Urban Homes, Ozone Urbana Infra Developers Pvt. Ltd, Mumbai’s Shashwati Realty Pvt. Ltd, ACME Realties Pvt. Ltd, and Kolkata’s MKHS Housing LLP. Homebuyers approached the Supreme Court after being…

CommercialLatest Stories

Kartik Aaryan’s Parents Purchase ₹13 Crore Office in Mumbai

NEW DELHI: Actor Kartik Aaryan, accompanied by his parents, Mala Tiwari and Manish Tiwari, has acquired office space at Signature by Lotus in Andheri West, Mumbai, for ₹13 crore. The office spans a RERA carpet area of 176.98 sq meters (1,905 sq ft) and a built-up area of 194.67 sq meters (2,095 sq ft), as per property registration documents from the Inspector General of Registration (IGR), reviewed by Square Yards. The transaction was recorded in September 2025 and includes three car parking spaces, with a stamp duty of ₹78 lakh and registration fees of ₹30,000. Published On Sep 26, 2025…

CommercialLatest Stories

Maharashtra to open 16-acre Worli Dairy land for commerce

Representative AI image The Maharashtra government plans to transform the sea-facing Worli Dairy land, approximately 16 acres in central Mumbai, into a commercial zone, changing its previous designation as a site for a marine research institute, aquarium, and exhibition center. The Urban Development Department has issued a notification under Section 37(1AA) of the Maharashtra Regional & Town Planning Act, 1966, inviting public objections and suggestions within a month. The Worli division plot was initially marked as ‘dairy’ in the Development Plan 2034 and zoned for residential use. In 2021, the government updated its designation to include ‘marine research institute, aquarium,…

Latest StoriesRegulatory

Bombay HC Reprimands EOW Officials for Misusing Arrest Powers

MUMBAI: The Bombay High Court granted interim bail to Mamta Digvijay Singh, sharply criticizing the Economic Offences Wing (EOW) for what it called a clear misuse of arrest powers. The division bench, comprising Chief Justice Chandrashekhar and Gautam A. Ankhad, expressed concern over her arrest on September 10, which occurred almost three months after her last statement on June 18. On September 12, the EOW apprehended directors Mangesh Kadam and Mamta Singh based on a complaint from Rajat Jhunjhunwala. He accused them of falsifying MGT-7 forms and counterfeit shareholding certificates for Shajas Developers Pvt Ltd and its subsidiary JLS Realty…

Latest StoriesRegulatory

Bombay HC Hires Architects for SRA Project Damage Review in Dharavi

MUMBAI: The Bombay High Court has appointed a committee of two architects to inspect a construction site on the Sion-Bandra Link Road in Dharavi. This comes in response to a petition from residents of a rehabilitation building, who argue that the construction of a free-sale building is compromising their structure. “If the petitioner’s claim is that there is a risk to the structural integrity of the building, it is indeed a serious matter,” stated Justices Girish Kulkarni and Aarti Sathe on Tuesday. They commissioned Shetgiri & Associates and GM Arch Pvt Ltd to conduct necessary evaluations and report on any…

InfrastructureLatest Stories

Builder drains rainwater onto road; FIR registered in Mumbai

MUMBAI: The BMC has initiated legal action against a developer from the SRA at Oshiwara Police Station for improperly discharging accumulated rainwater from the project site onto SV Road near Oshiwara Garden. This was done using motor pumps, which contributed to the deterioration of the road condition. Civic officials discovered the discharge while repairing potholes. BMC representatives stated that it is the developers’ responsibility to appropriately dispose of rainwater or debris from their site. However, in this incident, the developer discharged rainwater directly onto the road. “The road is asphalt and lacks a stormwater drainage system. Such a road cannot…

Latest StoriesRegulatory

Fraud Claims Arise in ₹600 Crore Bandra Marina Manor Case

MUMBAI: A legal battle over the ownership of the prized Marina Manor estate on Bandra’s Bullock Road, estimated to be worth Rs 600 crore, has escalated into a web of accusations involving fraud, forgery, and intimidation. Marina Manuel Fernandes, who faces accusations of fabricating a will to assert her claim on the estate, has filed a police complaint and sought to retract a Power of Attorney given to a notable builder and a political figure. According to Marina, she has been a victim of systematic fraud. Her claim to the estate is also contested, following a Bombay High Court ruling…

Latest StoriesResidential

Mumbai: Cabinet Approves 98 Housing Societies Redevelopment in Andheri

MUMBAI: On Tuesday, the cabinet approved a redevelopment initiative for 4,973 flats across 498 plots in Sardar Vallabhbhai Patel (SVP) Nagar, Andheri (West), executed by Mhada. Officials revealed that this land was allocated in 1993 as part of a World Bank project, comprising 98 cooperative housing societies. It includes 24 plots with high-income group apartments, along with 62 plots of 60 sq m and 245 plots of 100 sq m. “Mhada plans to redevelop the existing buildings following the BMC’s Development Control Rules (DCR). This community redevelopment will incorporate modern basic facilities, enabling residents to enjoy spacious homes. The comprehensive…

IndustryLatest Stories

Blackstone’s Lumina CloudInfra Acquires 3.8 Acres in Chandivali for ₹475 Crore

Lumina CloudInfra, a data center developer backed by Blackstone, has acquired two adjacent land parcels totaling 3.8 acres in Chandivali, near Saki Vihar Road in Andheri East, Mumbai, for ₹475 crore. The first plot, measuring 2.04 acres, was acquired for ₹294 crore, while the second plot of 1.75 acres cost ₹181 crore. The company plans to construct a 60 MW data center on these sites, according to sources familiar with the transaction. Both acquisitions were registered on September 19, incurring a combined stamp duty of ₹28.5 crore, as per documents obtained from CRE Matrix. As part of Blackstone’s portfolio, Lumina…