Tag: Mumbai

Latest StoriesResidential

Mumbai property registrations fall 14% to 11,200 in October 2025

NEW DELHI: Mumbai city (BMC jurisdiction) is projected to see approximately 11,200 property registrations in October 2025, with stamp duty collections reaching ₹1,004 crore. This represents a 14% decline in registrations year-on-year and a 17% drop in revenue collections. Comparing month-over-month data, registrations decreased by 7%, and stamp duty collections saw a 22% decline. Residential transactions accounted for about 80% of all registrations during the month. Prashant Sharma, president of NAREDCO Maharashtra, commented, “The slight decline in registrations this October should be viewed as a temporary adjustment, not a cause for concern. We anticipate that with supportive government initiatives and…

IndustryLatest Stories

SRA to Map All Mumbai Slum Structures by Dec 2025

NEW DELHI: The Slum Rehabilitation Authority (SRA) has set a goal to map every slum structure in Mumbai by December 2025 as part of a tech-driven reform initiative aimed at expediting slum rehabilitation schemes, according to CEO Mahendra Kalyankar. The SRA has launched digital innovations, including a STQC-certified web portal available in 25 languages, integrated online modules with role-specific access, blockchain-based document approvals, and chatbot-enabled consumer interfaces. These enhancements are designed to improve transparency, accelerate project approvals, and heighten accountability in scheme implementation. Sukhraj Nahar, president of CREDAI MCHI, noted that the SRA’s embrace of technology and development-oriented approach has…

Latest StoriesRegulatory

Mumbai: Builder, aide held for cheating contractor of ₹10 crore

Sure! Here’s a rewritten version of the content: MUMBAI: The Bandra Police have apprehended builder Neeraj Kakad and his assistant Vikas Kadam for allegedly defrauding a contractor from Khar of ₹9.57 crore and threatening him with violence. They will appear before the Bandra court soon. Neeraj was taken into custody at his residence in Bandra, while his wife, son, and officials Ujjal Singh and Vikas Kadam remain at large. The complaint was lodged by Sohail Subedar, a civil contractor and partner at Khalifa Infrastructure LLP, who was introduced to Kakad through a mutual contact in 2020. Subedar’s firm was contracted…

IndustryLatest Stories

Lodha Developers’ Q2 FY26 net profit jumps 86.67%

NEW DELHI: Lodha Developers has announced an impressive 86.67% increase in its net consolidated profit for the quarter ending September 30, 2025. Their profit after tax reached ₹789.80 crore in Q2 FY26, compared to ₹423.10 crore in the same quarter last year, as stated in a filing to the BSE. The company’s total consolidated income for Q2 FY26 was ₹3,878.90 crore, marking a 44.49% rise from ₹2,684.60 crore in the corresponding quarter of the previous fiscal year. Abhishek Lodha, MD & CEO of the company, expressed, “We are delighted to report our best-ever Q2 performance, achieving pre-sales of ₹45.7 billion,…

IndustryLatest Stories

Dharavi Redevelopment: SRA Named Planning Authority for Salt Pan Land

Representative image MUMBAI: The Dharavi Redevelopment Project (DRP) and the Slum Rehabilitation Authority (SRA) have been designated as the special planning authority for the 42.51-acre Jamasp Salt Pan land located in Mulund East. According to a notification released on October 27 by the state urban development department, the SRA has been assigned this authority over the Dharavi area and the adjacent railway land included in the rehabilitation initiative. Additionally, it has authority over the 8.5-hectare Kurla Dairy site. The Mulund salt pan is part of the 256 acres the Centre has approved to be transferred for the Dharavi redevelopment project,…

InfrastructureLatest Stories

BMC Teams Verify Compliance at Mumbai Construction Sites

MUMBAI: In response to criticism regarding late warnings to construction sites that failed to install AQI monitors, the BMC stated it has mobilized ward-level squads to monitor compliance with 28-point guidelines. Civic officials mentioned that show cause and stop work notices are being issued to non-compliant construction sites. “In September alone, we issued 314 notices, comprising 275 show cause notices and 39 stop work notices, to construction sites citywide. This process is ongoing, with squads regularly visiting to ensure guidelines are being followed. Additionally, notices are being issued to sites that have yet to install AQI monitors,” remarked a civic…

IndustryLatest Stories

Raymond Realty Q2 FY26 Income Reaches ₹706 Crore

NEW DELHI: Raymond Realty has reported a total income of ₹706 crore in Q2 FY26, marking a 20% year-on-year increase from ₹589 crore in Q2 FY25. The company’s EBITDA rose to ₹101 crore in Q2 FY26, compared to ₹95 crore in the same quarter last year, with an EBITDA margin of 14.3% in Q2 FY26, down from 16.2% in Q2 FY25. According to Harmohan Sahni, managing director, “We are on track with our strategic plan for the latter half of the year, expecting increased operational activity supported by a new pipeline of project launches.” The current potential revenue from its…

Latest StoriesResidential

Nadiadwala Grandson Entertainment Acquires ₹36.57 Crore Apartments

NEW DELHI: Nadiadwala Grandson Entertainment has acquired two apartments in Prabhadevi, Mumbai, totaling ₹36.57 crore. Both purchases were recorded in October 2025. As per property registration documents from the Inspector General of Registration (IGR) reviewed by Square Yards, the first apartment, situated in Hubtown Twenty Five South North in South Mumbai, is valued at ₹18.57 crore. It boasts a RERA carpet area of 222.13 sq meters (2390 sq ft) with an additional area of 19.40 sq meters (208 sq ft) and includes two dedicated parking spaces. The related stamp duty for this transaction was ₹1.11 crore, along with registration fees…

Latest StoriesResidential

Khar Kolis to Bombay HC: Fish Drying Land Favoring Builders

MUMBAI: Two societies representing the Koli community in Danda Koliwada, a fishing village in Khar, have filed a petition against the Bombay High Court regarding an order from the Slum Rehabilitation Authority (SRA) that classified part of their land, currently used for drying fish and related activities, as a slum rehabilitation area. The Danda Koli Masemari Vyavasayik Sahakari Maryadit and Danda Koli Samaj are contesting the SRA CEO’s order dated May 17, 2022, concerning 3,450 sqm of land that is reserved for a fish drying yard under the approved development plans (DPs). “Including such reserved land in a slum rehabilitation…

Latest StoriesRegulatory

Bombay HC Restores Registration of Housing Society Federation

MUMBAI: The Bombay High Court has reinstated the registration certificate of a housing society federation, stating that the decision to deregister it was legally “unsustainable.” Justice Amit Borkar emphasized, “Judicial discretion cannot be exercised to reward falsehood,” noting that the deregistration occurred following a seven-year delay, with the appeal based on evidently false claims without credible evidence. The Federation of Cooperative Housing Societies from Borivli West challenged an April 2025 order by the divisional joint registrar of Cooperative Societies, which annulled its status as a ‘Cooperative Society’—a designation granted in January 2018 under the Maharashtra Cooperative Societies Act. The petition…