Tag: Mumbai

IndustryLatest Stories

Arkade Developers buys Filmistan for ₹183 crore

Sure! Here’s a rewritten version of the content: AI-generated Representative Image NEW DELHI: Arkade Developers, based in Mumbai, has finalized a binding agreement to acquire a 100% stake in Filmistan for ₹182.95 crore. This acquisition will allow the company to develop a four-acre residential project on the site of Filmistan Studios in Goregaon West. Amit Jain, the company’s Chairman and Managing Director, stated, “We are focused on expanding our presence in the western suburbs, with several launches scheduled for early 2026.” The upcoming luxury project, set to launch in 2026, is projected to generate a gross development value (GDV) of…

Latest StoriesResidential

Aatish Kapadia and Wife Purchase ₹15.31 Crore Mumbai Apartment

NEW DELHI: Aatish Kapadia, recognized as an actor, director, and screenwriter, along with his wife Alison Kapadia, has acquired an apartment at Elysian by Oberoi Realty in Goregaon, Mumbai, for ₹15.31 crore. The apartment features a carpet area of 281.50 sq meters (3,030.07 sq ft) and includes three car parking spaces. According to the Inspector General of Registration (IGR) documents reviewed by Square Yards, the transaction incurred a stamp duty of ₹91.86 lakh and registration fees of ₹30,000. The deal was officially registered in June 2025. As per Square Yards Data Intelligence, Elysian has seen 116 sale registrations totaling ₹1,035…

CommercialLatest Stories

Top 7 Cities’ Office Leasing Up 40% in H1 2025: Anarock

NEW DELHI: The commercial real estate sector in India showed a strong recovery in the first half of 2025, with net office leasing in the seven largest cities rising by 40% year-on-year to around 26.8 million sq ft, according to Anarock Research. This compares to 19.08 million sq ft in the same period last year. Bengaluru was the standout performer, achieving 6.55 million sq ft of net absorption, a 64% increase from 4 million sq ft in H1 2024. Pune reported the highest year-on-year growth rate in leasing, soaring by 188% to 3.8 million sq ft, up from 1.32 million…

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…

IndustryLatest Stories

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,…