Tag: Mumbai

Housing FinanceLatest Stories

LIC Housing Finance names Lokesh Mundhra as CFO

Representative image NEW DELHI: LIC Housing Finance has appointed Lokesh Mundhra as the new Chief Financial Officer (CFO) effective Thursday. According to a regulatory filing, Sudipto Sil, who previously served as CFO, will now be the Marketing Head of the Western Region in Mumbai beginning April 17, 2025. “The Board of Directors has approved the appointment of Lokesh Mundhra as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company effective April 17, 2025,” LIC Housing Finance stated. Mundhra, a Chartered Accountant, brings 32 years of experience from various roles at LIC of India, covering departments such…

Latest StoriesResidential

Randeep Hooda Purchases ₹5.63 Crore Apartment in Mumbai

NEW DELHI: Randeep Hooda has acquired an apartment in Bianca C.H.S., Versova, Mumbai, for ₹5.63 crore. The apartment spans a built-up area of 142.19 sq meters (1,530 sq ft). The transaction was registered in June 2025, with a stamp duty of ₹33.78 lakh and registration fees of ₹30,000, as per the Inspector General of Registration (IGR) documents reviewed by Square Yards. Published On Jun 27, 2025 at 12:03 PM IST Join our community of 2M+ industry professionals. Subscribe to our newsletter for the latest insights & analysis delivered to your inbox. Stay updated on the ETRealty industry directly on your…

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Raymond Realty to List on Exchanges, Forecasts Over 20% Growth

File Photo NEW DELHI: Raymond Realty (RRL), the real estate division of Raymond Group, is set to debut on Indian stock exchanges after its demerger from Raymond. The goal of this listing is to enhance shareholder value by forming a focused, debt-free real estate entity. Harmohan Sahni, MD & CEO of the company, stated, “Our net debt-free balance sheet, ownership of 100 acres of land, and a capital-efficient joint development model position us for sustainable annual growth of over 20% and an industry-leading ROCE exceeding 20%.” RRL operates under three residential brands: TenX, The Address by GS, and Invictus. The…

IndustryLatest Stories

Keystone Realtors to Redevelop 25 GTB Nagar Buildings

AI-generated Representative Image NEW DELHI: Keystone Realtors has successfully obtained the letter of acceptance (LOA) for redeveloping 25 buildings of Sindhi refugees at Guru Teg Bahadur Nagar (GTB Nagar) in Sion Koliwada, Mumbai, in collaboration with the Maharashtra Housing and Area Development Authority (MHADA). The redevelopment spans approximately 11.19 acres (45,308 sq. meters) and aims to benefit over 1,400 families. This project is expected to generate a saleable area of about 20.7 lakh sq. feet, with a projected gross development value (GDV) of ₹4,521 crore. Boman Irani, Chairman and Managing Director of Keystone Realtors, expressed, “We are honored to receive…

Latest StoriesRera

Mumbai: No respite for six defaulter buyers in Chembur project

MUMBAI: MahaRERA has recently ruled against six flat purchasers, stating they are not entitled to relief under the Real Estate (Regulation and Development) Act due to payment defaults. Out of the six purchasers, five requested refunds to withdraw from a residential project in Chembur, while one wished to continue but asked for an extension on payment. Godrej Developers responded by terminating their bookings and attempting to forfeit the booking amounts. The allottees contested the forfeiture, seeking refunds under Section 18 of the RERA Act based on their desire to withdraw from the project. One complainant mentioned that due to the…

Latest StoriesRera

MahaRERA Updates Project Certificate Format for Homebuyers

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has updated its project registration certificates to better inform homebuyers and promote transparency. These revised certificates now present key project information in a clear and concise format. For the first time, the certificate issued during project registration will include essential details such as total built-up area, the number and names of buildings and wings, approved habitable floors, as well as the status of commencement certificates and total parking spaces available for vehicles. These crucial details, including the promoter’s and project’s name and address, are now formatted in bullet points for improved readability,…

Latest StoriesRera

Over 7,000 Complaints Still Pending with MahaRERA

Eight years after its establishment in 2017, Maharashtra’s real estate regulator, MahaRera, is still facing a considerable backlog of unresolved complaints. Out of the 29,374 complaints filed, 7,310 are still pending, leading to calls from homebuyers, legal experts, and activists for quicker resolutions and stricter enforcement of orders. While MahaRera has successfully resolved 21,888 cases and conducts both online and offline hearings, the growing number of unresolved cases has raised concerns among consumer advocates. They emphasize the need for more adjudicating officers and additional regional benches to manage the increasing workload. MahaRera has registered over 50,000 real estate projects—the highest…

Housing FinanceLatest Stories

Star Housing Finance’s FY25 Profit Up 25%

Representative image MUMBAI: Star Housing Finance Limited (Star HFL), a BSE listed company focused on affordable home financing across various states, has reported significant annual financial results showcasing growth in assets under management (AUM) and stable asset quality. For the fiscal year ending March 31, 2025, Star HFL reported a total revenue of Rs. 94.96 crores, reflecting an impressive 54.06% year-on-year growth. Profit after tax (PAT) increased by 25%, reaching Rs. 11.10 crores, up from Rs. 8.88 crores in FY2023-24. In the fourth quarter of FY2024-25, the company achieved total revenue of Rs. 27.89 crores and PAT of Rs. 2.93…

Latest StoriesResidential

Maharashtra to Notify Draft Rules for Housing Societies Soon

PUNE: The state government is set to introduce a new set of draft rules for cooperative housing societies within two weeks, confirmed officials from the cooperation department on Monday. The proposed amendments are aimed at minimizing conflicts, simplifying the redevelopment process, and enhancing transparency in the operations of societies throughout the state. A significant aspect of the draft includes a reduction in interest on maintenance dues from 21% to 12%—a change residents believe has been long overdue. Additionally, the rules will allow for hybrid AGMs, mandatory video recording of redevelopment meetings, and permit societies to secure redevelopment loans based on…