Ashwin Sheth Group Files FIR Against Reputed Developer Alleging ₹700 Crore Fraud

Ashwin Sheth Group has filed an FIR against a reputed real estate developer, accusing them of defrauding ₹51 crore in 2008. The case, now worth over ₹700 crore, highlights serious concerns about unethical practices and financial fraud in Mumbai’s real estate sector.

Exclusive: BMC Seeks Special Planning Authority Status for SRA Projects on Its Land

The BMC has requested Special Planning Authority status for SRA projects on its land, hoping to accelerate redevelopment efforts. However, experts warn that this move could diminish the role of the SRA in managing slum rehabilitation in Mumbai. The proposal awaits discussion once the new state government is formed.

India’s Luxury Housing Market Soars: ₹279,309 Crore in Sales with 23% Rise in Average Prices

India’s luxury housing sector has experienced robust growth in H1 FY2025, with total sales touching ₹279,309 crore, an 18% increase from last year. The average ticket size has risen to ₹1.23 crore, reflecting a growing demand for premium properties across the top metropolitan cities.

ESIC Partners with Ayushman Bharat to Expand Healthcare Access for 14.43 Crore Beneficiaries

The Employees’ State Insurance Corporation (ESIC) has partnered with Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to enhance healthcare access for 14.43 crore beneficiaries. This initiative allows ESIC members to receive secondary and tertiary medical services at 30,000+ AB-PMJAY empanelled hospitals across India, ensuring comprehensive, affordable care.

India’s Residential Market Set for Improved Affordability in 2025, Driven by Interest Rate Cuts

JLL’s Home Purchase Affordability Index forecasts improved affordability across India’s key residential markets by 2025, driven by a projected interest rate cut. Mumbai and Pune are nearing optimal affordability, while Kolkata will maintain its position as the most affordable market. Residential sales are set to hit record levels in 2024 and 2025, driven by rising household incomes and a potential decline in interest rates.