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Varun Singh, is a Senior Journalist who has extensively covered the Real Estate Sector for over one and half decade. His articles, insights, and opinion on the sector are widely read.
MHADA

MHADA to Build 8 Lakh Homes in 5 Years Under Affordable Housing Plan

MHADA will construct 8 lakh affordable homes by 2030, aligning with NITI Aayog’s recommendations. Deputy CM Eknath Shinde announced the plan during a housing lottery event in Thane, where 2,147 homes and 117 plots were allotted. The government is also introducing a new housing policy, focusing on rental housing, hostels, and redevelopment projects to expand affordable housing options.
Sunny Leone Pic Credit Twitter

Sunny Leone Buys Office Space in Mumbai’s Oshiwara for ₹8 Crore

Actress and entrepreneur Sunny Leone has purchased an office space in Mumbai’s Oshiwara for ₹8 crore, according to property registration records. The 1,904 sq. ft. property is located in Veer Signature, a commercial project by Veer Group. The transaction was registered in February 2025, with Leone paying ₹35.01 lakh in stamp duty and ₹30,000 in registration charges. The property, bought from producer Anand Pandit’s Aishwarya Property and Estates, includes three car parking spaces. Veer Signature has also attracted other Bollywood stars, including Amitabh Bachchan, Ajay Devgn, and Kartik Aaryan.

Subhash Ghai and Wife Mukta Ghai Buy ₹24 Crore Luxury Apartment in Mumbai’s Bandra

Bollywood director Subhash Ghai and his wife Mukta Ghai have purchased a luxury apartment in Bandra West, Mumbai, for ₹24 crore. Located in the upscale 81 Aureate project, the 4 BHK flat spans 5,239 sq. ft. and includes three car parking spaces. The transaction, registered on February 3, 2025, incurred a stamp duty of ₹1.44 crore. Bandra’s prime location and connectivity continue to attract celebrities, with Sonakshi Sinha also recently selling an apartment in the same building for ₹22.50 crore.

With Just ₹75,000 in His Bank, Vedanta Founder Anil Agarwal Bought His First Home in Malabar Hill

Vedanta founder Anil Agarwal recently shared an inspiring story about his first home purchase in Mumbai. Despite having only ₹75,000 in his bank account, he refused to settle for a suburban home and instead set his sights on Malabar Hill. His determination led him to buy a 330 sq ft flat in Navranga Apartment, marking a major milestone in his journey. Agarwal’s story is a testament to the power of ambition, proving that with hard work and self-belief, even the biggest dreams can become reality.

Tax Exemption Boosts Housing Demand in Tier 2 Cities, Supply Yet to Catch Up

The recent Union Budget’s income tax exemption for individuals earning up to ₹12 lakh annually is expected to boost demand for affordable housing, particularly in Tier 2 cities. While sales continue to rise, a supply crunch due to fewer new project launches remains a challenge. Experts suggest that reinstating the 100% tax deduction on profits from affordable housing projects under Section 80-IBA could help bridge the gap between demand and supply, ensuring balanced market growth.