Tag: Mumbai

Latest StoriesRera

Maharashtra Minister: Intensifying Recovery of MahaRERA Dues

MUMBAI: The government is poised to take stringent measures to recover outstanding dues under the Maharashtra Real Estate Regulatory Authority (MahaRERA), as stated by state minister Shambhuraj Desai in the assembly on Thursday. In response to BJP MLA Atul Bhatkhalkar’s inquiry about the non-implementation of MahaRERA orders for compensating homebuyers, Desai mentioned that the government aims to elevate the recovery rate beyond 34 percent. The Centre has urged states to ensure effective RERA implementation for the benefit of homebuyers, with Prime Minister Narendra Modi reviewing the situation with chief secretaries from all states and promoting a robust recovery strategy. Desai…

Latest StoriesResidential

Suryakumar Yadav’s Wife Buys Mumbai Apartment for ₹7.18 Crore

File Photo NEW DELHI: Devisha Yadav, wife of cricketer Suryakumar Yadav, has acquired an apartment in Godrej Sky Terraces, Chembur, Mumbai, for ₹7.18 crore. The apartment spans a carpet area of 1,402 sq ft (130.25 sq meters) with a total area of 1,516.20 sq ft (140.86 sq meters), as per property registration documents accessed by Square Yards on the Inspector General of Registration (IGR) website. The transaction was officially registered in February 2026. The residence also includes two dedicated car parking spaces. A stamp duty of ₹35.90 lakh and registration fees of ₹30,000 were paid during the transaction. In March…

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Lodha Developers acquires 4.3-acre Malabar Hill site with bungalows

Representative Image MUMBAI: Lodha Developers, a leading real estate firm, has acquired development rights for a valuable 4.3-acre land site in the affluent Malabar Hill area of South Mumbai, where six bungalows and other buildings currently stand. The projected development value is approximately ₹2,800 crore. The agreement entails an initial payment along with a combination of monetary and non-monetary compensations to the land-owning trust once redevelopment is complete. The property, owned by the Sorabji Kanga Charity Trust, includes a residential tower and a chawl, though the tower will not be part of the redevelopment plan, according to informed sources. As…

CommercialLatest Stories

GCC: India’s Front Office – A New Era in Office Markets

The consensus was clear: GCC growth remains durable, flex has matured into a mainstream asset class, and integrated business districts are redefining the competitive landscape. According to leaders at Panel 3 — *“GCCs, Flex Workspaces & Co-working: Is 2026 the Inflection Point for India’s Office Market?”* — at the RealtyDailyNews Realty Real Estate Conclave 2026, India’s office market may be undergoing a structural reset rather than a temporary improvement. The session, moderated by Badal Yagnik, CEO & Managing Director – India, Colliers, featured industry leaders, including Amit Ramani of Awfis Space Solutions, Vithal Suryavanshi from The Phoenix Mills, Vikram Goel…

CommercialLatest Stories

6-8% Yield & Appreciation: REIT Leaders Chart India’s Realty Future

The discussion emphasized the considerable opportunities within India’s commercial stock. REITs are transitioning from a niche market to a mainstream option as capital markets broaden their involvement in India’s commercial real estate sector. This was a key takeaway from a conclave session discussing the potential of REITs as the backbone of the industry. Moderated by Mahaveer Jain, Director at India Ratings & Research, the panel included Ramesh Nair (Board Member, IRA | MD & CEO, Mindspace Business Parks REIT), Shirish Godbole (Board Member, IRA | CEO, Knowledge Realty Trust), Alok Aggarwal (Chairperson, IRA | CEO, Brookfield REIT), Abhishek Agarwal (CFO,…

IndustryLatest Stories

Real Estate: India’s Growth Multiplier, Says Niranjan Hiranandani

Hiranandani described real estate as a central pillar of India’s growth narrative. During the keynote address at the RealtyDailyNews Realty Real Estate Conclave 2026, Niranjan Hiranandani, Chairman of NAREDCO and Co-Founder & MD of Hiranandani Group, presented an optimistic and balanced perspective on India’s real estate sector. He framed the industry within the context of India’s broader economic growth, emphasizing continuous GDP growth, accelerated infrastructure development, and increased credit availability as key drivers for future development. “Commercial lending is achieving annual growth rates of nearly 15%,” Hiranandani remarked, connecting the increase in credit accessibility to both homebuyers and developers. With…

Latest StoriesResidential

Cluster Redevelopment, Policy Reform Essential for Mumbai Housing: Jaiswal

As Mumbai navigates redevelopment pressures, aging cess buildings, and expanding urban aspirations, MHADA’s cluster-led, policy-backed approach signals a shift from piecemeal interventions to integrated urban transformation. At the RealtyDailyNews Realty Real Estate Conclave 2026, Sanjeev Jaiswal (IAS), Vice-President and CEO of the Maharashtra Housing and Area Development Authority (MHADA), outlined a strategic roadmap to address Mumbai’s growing housing affordability challenges. With land constraints, high premiums, and complex redevelopment issues shaping the real estate landscape, Jaiswal emphasized the importance of cluster redevelopment and policy reforms as key solutions. Describing the issue, Jaiswal noted Mumbai’s decreasing land availability and increasing housing costs.…

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RealtyDailyNews Realty Conclave 2026: Infrastructure, Discipline, Micro-Markets

Looking ahead, the consensus was that the next housing cycle will be defined less by speculative momentum and more by structural fundamentals. At the RealtyDailyNews Realty Real Estate Conclave 2026, a high-profile fireside chat titled ‘Building for the Next Housing Cycle: Strategy, Scale and the Changing Residential Playbook’ convened key figures from the residential sector to discuss future trends. Moderated by Chaitanya Seth, Partner at EY Parthenon, the panel included Manan Shah, Treasurer (Elect) of NAREDCO Maharashtra and MD of MICL Group; Jay Morzaria, Chairman of NAREDCO NextGen and Director of VRAJ Group; Vikas Jain, President NextGen of NAREDCO Maharashtra…

IndustryLatest Stories

Suraj Estate Developers Buys Hally Pacific for ₹30.40 Crore

NEW DELHI: Suraj Estate Developers has successfully acquired 100% of the shares of Hally Pacific, which owns a vacant land parcel located at Sayani Road, Prabhadevi, Mumbai. This acquisition was finalized based on a share purchase agreement dated February 20, 2026, for a total amount of approximately ₹30.40 crore, making Hally Pacific a wholly owned subsidiary of the company. The newly acquired land spans around 717.39 sq meters. The company plans to develop this site with an estimated saleable carpet area of approximately 0.367 lakh sq ft and an anticipated gross development value (GDV) of around ₹200 crore. Rahul Thomas,…

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Maharashtra Minister: 1,000+ Mumbai Sites Issued Stop-Work Notices

MUMBAI: The Maharashtra government, along with civic authorities, has intensified measures against air pollution in Mumbai, issuing stop-work notices to over 1,000 construction sites for breaching environmental regulations, as stated by state Minister Pankaja Munde on Tuesday. The environment minister reported to the legislative assembly that as of January, 1,952 of the 2,224 active construction sites—nearly 88 percent—had installed low-cost air quality sensors. Official figures indicate that between October 2025 and January 2026, a total of 1,981 show-cause notices and 1,047 stop-work notices were issued as part of the ongoing “Clean Air” initiative, Munde noted in a written response regarding…