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Kalpataru Signs ₹1,400 Crore Redevelopment Project in Andheri West
Kalpataru has signed a redevelopment agreement for Shree Mahalakshmi CHS in Andheri West, Mumbai. The 3-acre project has an estimated Gross Development Value of ₹1,400 crore and will add about 0.4 million sq ft of residential development.
Bombay High Court Orders MHADA to Stop Transit Rent in Patra Chawl Redevelopment from April
In a push to end financial drain, Bombay High Court allows MHADA to stop transit rent payments from April in the controversial Patra Chawl redevelopment, flagging ₹18 crore public loss due to delays, while mandating cooperation for possession handover to willing tenants.
India’s Indoor Amusement Industry Hits ₹15,000 Crore; Consumer Spending Up 30–40%
India’s indoor amusement industry has reached ₹15,000 crore with consumer spending rising 30–40% since the pandemic, according to a new ANAROCK-IAAPI report. The sector, driven by malls and experiential consumption trends, is expected to grow rapidly through 2030.
Realty Stocks Open Mixed as Dalal Street Trades Cautiously; Select Developers See Early Buying
Real estate stocks opened mixed after Indian markets began trading cautiously on March 12. While developers like DLF and Godrej Properties saw early buying interest, others such as Lodha Developers and Phoenix Mills traded lower, indicating a volatile session ahead for the sector.