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Realty

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Stay updated with the latest news and trends in the realty sector. This tag encompasses various aspects of real estate including property developments, market insights, investment opportunities, and industry news, providing comprehensive coverage for real estate professionals and enthusiasts.

Get the latest news, trends, and insights in the real estate industry. This tag covers a wide range of topics including market analysis, property developments, investment opportunities, and residential and commercial real estate updates. Stay informed about the dynamics shaping the real estate sector.

BKC

MMRDA’s BKC Plot Auction Fetches Record-Breaking Prices: Sumitomo and Brookfield Secure Prime Land

The Mumbai Metropolitan Region Development Authority (MMRDA) has set a new record with its latest land auction in Bandra-Kurla Complex (BKC), fetching prices well above the reserve rate. Sumitomo Corporation acquired two prime plots at ₹4,82,000 per square meter, while Brookfield secured another at ₹3,87,000 per square meter. This historic auction highlights BKC’s growing demand among global investors and reinforces Mumbai’s status as a premier commercial hub.

15-Year Wait Ends for Siddharth Nagar (Patra Chawl) Residents as MHADA Conducts Lottery for 663 Homes in Goregaon

The 15-year-long wait for residents of Siddharth Nagar (Patra Chawl) in Goregaon (West) has finally ended, as MHADA conducted a computerized lottery for 663 rehabilitation tenements. Held under strict transparency measures, the allotment ensures rightful residents receive their homes. Possession begins on April 7, 2025, with continued rent compensation until May. MHADA has also approved a solar power system and gym equipment for the housing society, marking a new chapter for residents.
India’s Ultra Luxury Home Market Soars: 49 Homes Above ₹ 100 Crore Sold for ₹ 7,500 Crore in Three Years

49 Homes Above ₹ 100 Crore Sold for ₹ 7,500 Crore in Three Years

India’s ultra-luxury home market is booming, with 49 properties priced above ₹100 crore sold for a staggering ₹7,500 crore in just three years. Mumbai takes the lead with 69% of the deals, while apartments now dominate over bungalows in this elite segment.
Subhash Ghai has leased a 7,500 sq. ft. commercial property in Mumbai’s Andheri West for a total rental income of ₹2.24 crore over five years, as per documents

Subhash Ghai Sells Two Apartments in Mumbai’s Jogeshwari for ₹11.61 Crore

Veteran Bollywood filmmaker Subhash Ghai has sold two premium residential apartments in Jogeshwari, Mumbai, for a total of ₹11.61 crore. The properties, located in Splender Complex Co-op Housing Society Ltd. and registered under Mukta Tele Arts Private Limited, were officially recorded in March 2025. The sale highlights the rising demand for high-end real estate in Mumbai’s western suburbs, known for their excellent connectivity and accessibility to key commercial hubs.
Maharashtra Government Hikes Ready Reckoner Rates for 2025-26; Property Prices Set to Rise

Maharashtra Government Hikes Ready Reckoner Rates for 2025-26; Property Prices Set to Rise

The Maharashtra government has announced a revision in Ready Reckoner Rates (RRR) for 2025-26, leading to an average hike of 3.89% across the state. Mumbai sees a 3.4% increase, while Thane, Solapur, and other key cities experience sharper hikes. This revision is set to impact property valuations, stamp duty, and registration charges, potentially raising real estate costs for buyers and investors. Industry experts urge a gradual approach to balance market stability and affordability.