Tag: Worli

Latest StoriesRera

MahaRERA to issue warrants in ₹90 crore Palais Royale case

MUMBAI: The MahaRERA adjudicating officer has issued four warrants aimed at recovering approximately ₹90 crore in interest from Honest Shelters Pvt Ltd, the current promoters of the Palais Royale project in Worli. The warrants pertain to four flats in the project, following an application from IIFL Finance Ltd regarding non-compliance with a January 16 directive. The officer also issued warrants for delayed possession concerning three additional flats associated with IIFL in the same development. The adjudicating officer, Ashok Alaspurkar, issued the orders on various dates, including August 4, July 28, and July 27, to recover different interest amounts related to…

Latest StoriesResidential

500+ Worli BDD Chawl Tenants in Mumbai to Receive Flats

MUMBAI: After a lengthy wait, 556 families from Worli’s BDD chawls will receive the keys to their new 500-sq ft apartments on Thursday. Two of the redevelopment phases—Wings D and E—are ready for occupancy. A ceremony will see chief minister Devendra Fadnavis and his deputy Eknath Shinde present keys to fifteen families involved in the redevelopment campaign, along with a few senior citizens. The remaining keys will be distributed later at the Mhada office. Bajrang Kale, 53, recites his former address. “Room No. 78, Building No. 31, 3rd floor, Worli BDD Chawl, GM Bhosle Marg—that’s the old address,” he notes,…

Latest StoriesResidential

Etonhurst Capital Acquires 37 Worli Apartments for ₹500 Crore

Real estate investment management firm Etonhurst Capital Partners has acquired over 37 luxury apartments in a high-end residential project located in the upscale Worli area of Mumbai for more than Rs 500 crore. This acquisition marks the first inventory buyout by an institutional investor in India’s growing luxury housing sector. Etonhurst purchased these apartments from Piramal Finance, a non-banking finance company under the Piramal Group, which had acquired the inventory as part of a debt settlement agreement with the project’s developer, Omkar Realtors & Developers. The transaction consists of units in towers A and B of Omkar 1973, which have…

Latest StoriesResidential

Maharashtra CM to Inaugurate BDD Flats in Worli on July 21

Representative image created by AI MUMBAI: Chief Minister Devendra Fadnavis is set to distribute keys for the first batch of BDD flats in Worli on July 21, shortly after the conclusion of the legislative session. Plans for a function have been made where the CM will hand over several keys. Milind Borikar, Chief Officer of the Mumbai Board at Mhada, stated that 556 flats, each with a carpet area of 500 sq ft, will be allocated in this initial phase. “By the end of the year, we anticipate receiving 3,989 flats across three sites,” Borikar added. While preparing to hand…