Ruckus at MHADA Office Leads to Cross FIRs Against MHADA CEO and Retired Police Officer

A confrontation at the MHADA office in Mumbai has led to cross FIRs involving MHADA CEO Sanjeev Jaiswal and retired police officer Vijay Chalke. Allegations range from abusive behavior and assault to threats of an encounter. Mumbai Police has launched an investigation into the incident.

Consulate General of the People’s Republic of China Signs Lease Agreement for Apartment in Mumbai

In a significant move, the Consulate General of the People’s Republic of China has signed a lease agreement for a luxury apartment in Mumbai’s Nariman Point. The 36-month deal, finalized on February 29, 2024, includes two car parking spaces and a rent escalation plan over the next three years. The agreement highlights the growing demand for premium real estate in Mumbai by international organizations.

2024 Sets New Benchmarks for Indian Real Estate, Gears Up for 25% Growth in 2025

The Indian real estate market in 2024 has set new benchmarks, driven by rising demand for luxury homes, technological innovations, and sustainability. Tier 2 cities are emerging as key players, offering affordable, modern living options. With a projected 25% growth in 2025, the sector is poised for continued expansion, with significant contributions from both luxury and eco-friendly housing.

Dharavi Redevelopment Project Pvt Ltd Renamed Navbharat Mega Developers Pvt Ltd

Dharavi Redevelopment Project Pvt Ltd (DRPPL) has rebranded as Navbharat Mega Developers Pvt Ltd (NMDPL), reflecting a broader vision for the Dharavi redevelopment. The name change, approved by the Board and Ministry of Corporate Affairs, aims to underscore the project’s scale while maintaining the government’s central role in overseeing the initiative.

Sun Pharma’s Vibha Sanghvi Purchases Properties Worth Rs 130 Crore in One Month

Vibha D Sanghvi, a prominent figure from Sun Pharma, purchased two high-value properties worth Rs 130 crore in Mumbai’s Worli area within a month. The two luxury apartments, each valued at Rs 65 crore, were registered in November and December 2024. The properties include premium amenities such as ample parking spaces and expansive living areas. Sanghvi, a female buyer, availed a 1 percent stamp duty concession on both deals, with a total stamp duty of Rs 6.50 crore paid for the transactions.