Tag: Mumbai

Latest StoriesRegulatory

ED seizes ₹186 crore in bank fraud case involving DHFL

NEW DELHI: The Enforcement Directorate (ED) has provisionally attached assets worth approximately Rs 186 crore under the anti-money laundering law related to a bank loan fraud case against Dewan Housing Finance Corporation Ltd (DHFL) and its promoters. The attached assets, under the Prevention of Money Laundering Act (PMLA), include 154 flats and movable assets representing receivables tied to 20 flats in Mumbai, according to an agency statement. The total value of the seized properties stands at Rs 185.84 crore. The order, issued by the Mumbai zonal office of the ED, was dated September 5. The investigation stems from a CBI…

IndustryLatest Stories

RLDA Seeks Bids for Railway Land in Mumbai

Representative image created by AI MUMBAI: The Rail Land Development Authority (RLDA) has launched e-bids for leasing prime railway land in Mumbai for residential and commercial projects. The sites available include a 10,801 sq m plot in Mahalaxmi, a 23,047 sq m plot in Parel, and a 45,371 sq m plot in Bandra (East), each with a lease period of 99 years. The reserve prices for these sites are Rs 993 crore for Mahalaxmi, Rs 1,734 crore for Parel, and Rs 5,365 crore for Bandra (East). Positioned near major business hubs and transport links, these locations hold significant appeal for…

Latest StoriesRera

MahaRERA resolves 5,267 complaints in 10 months, vows timely hearings

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) addressed 5,267 complaints between October 2024 and July 2025, officials announced on Monday. They added that all cases filed by the end of July either received their initial hearings or were scheduled. Homebuyers typically approach the authority over issues such as delayed possession, subpar construction, or missing amenities. To accelerate grievance resolution, MahaRERA chairman Manoj Saunik, along with members Mahesh Pathak and Ravindra Deshpande, has initiated a new protocol where hearings are scheduled within one to two months of a complaint being registered. This represents a significant improvement from past delays that…

Latest StoriesResidential

Tiger Shroff sells Mumbai apartment for ₹15.6 crore

NEW DELHI: Tiger Shroff has sold his apartment at Rustomjee Paramount in Khar, Mumbai, for ₹15.60 crore. He purchased the property in 2018 for ₹11.62 crore. The apartment boasts a carpet area of 1,989.72 sq ft (184.85 sq meters) and a built-up area of 2,189 sq ft (203.34 sq meters), as indicated by property registration documents examined by Square Yards on the Inspector General of Registration (IGR) website. The sale includes three parking spaces. Additionally, the deal involved a stamp duty of ₹93.60 lakh and registration fees of ₹30,000. The transaction was officially registered in September 2025. Published On Sep…

CommercialLatest Stories

Mumbai: Wadala CBD Auction Soon as BKC Saturates

Representative AI image MUMBAI: With the land bank in BKC now fully sold, the MMRDA is set to initiate the auction of plots in Wadala, the city’s upcoming third central business district (CBD), spanning 156 hectares. MMRDA Commissioner Sanjay Mukherjee informed TOI that the auction process will kick off within the next two months. “Wadala’s development has been incorporated into the economic master plan jointly created by Niti Aayog and MMRDA. MMRDA is proceeding with the development of Wadala, expected to commence in the next two to three months,” he stated. To sustain the upward trend in real estate prices,…

InfrastructureLatest Stories

Maharashtra High-Rise Safety Violations: Civil and Criminal Penalties

MUMBAI: All planning authorities in the Mumbai Metropolitan Region (MMR) are mandated to include a specific condition in their development permissions, ensuring compliance with special safety control measures for high-rise construction work at heights. According to a government resolution (GR) from the urban development department, any breaches of these safety conditions will lead to civil and criminal repercussions. “Any violation of the expert committee’s recommendations will be considered a breach of building permissions and may result in legal consequences,” the GR states. Additionally, the resolution asserts that planning authorities must monitor high-rise projects closely to ensure compliance with the expert…

Latest StoriesResidential

Malaika Arora Sells Mumbai Apartment for ₹5.30 Crore

File Photo NEW DELHI: Malaika Arora has sold her apartment in Runwal Elegante, Lokhandwala Complex, Andheri West, Mumbai for ₹5.30 crore. The transaction incurred a stamp duty of ₹31.08 lakh and registration fees of ₹30,000. She purchased the property for ₹3.26 crore in March 2018, resulting in a profit of approximately ₹2.04 crore, equating to a 62% increase, based on documents from the Inspector General of Registration (IGR) reviewed by Square Yards. The apartment boasts a carpet area of 1,369 sq ft (127.18 sq meters) and a built-up area of 1,643 sq ft (152.68 sq meters), and includes one car…

IndustryLatest Stories

Revamping Maharashtra’s Housing Policy for Urban Growth

The Maharashtra government’s new housing policy aims to create a comprehensive statewide land bank of mapped, geo-tagged, and digitally linked government-owned plots. This initiative is anticipated to resolve existing supply issues and enhance the availability of affordable housing across various income brackets, positively impacting urban growth and infrastructure investment throughout the state. Included in this policy is the establishment of the State Housing Information Portal (SHIP), a centralized digital platform designed to consolidate information regarding housing demand, land availability, and project implementation. For the first time, input from municipal corporations, planning bodies such as the Maharashtra Housing and Area Development…

IndustryLatest Stories

Arkade Developers Buys Woollen & Textile Industries

NEW DELHI: Arkade Developers has signed a memorandum of understanding (MoU) to acquire 100% shareholding in Woollen and Textile Industries. This marks the company’s second acquisition in Bhandup West, Mumbai. The deal involves a land parcel measuring 14,363.60 sq meters, with a total consideration of ₹148 crore. Published On Sep 3, 2025 at 02:30 PM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights & analysis delivered to your inbox. Access all ETRealty industry updates right on your smartphone!

IndustryLatest Stories

Maharashtra to Implement Favorable Real Estate Policies

NEW DELHI: Maharashtra is committed to developing infrastructure-related policies, including housing initiatives that adapt to evolving needs, as stated by Meghana Sakore Bordikar, Maharashtra’s Minister of State. She made these remarks during the Naredco 17th National Convention in Delhi. Niranjan Hiranandani, Chairman of Naredco, stressed that the housing and real estate sectors must expand at a minimum rate of 15% annually if India aims to achieve developed-nation status before the 2047 target year. Bordikar did not confirm any plans regarding the reduction of stamp duty in Maharashtra. She noted that while no immediate commitments can be made in that area,…