Robust Investments Bolster Warehousing & Logistics Sector in 2024

The Indian warehousing and logistics sector witnessed a remarkable investment surge in 2024, reaching USD 1.96 billion. Driven by quick commerce expansion and infrastructure growth, the sector also saw record absorption of 44.9 million sq. ft. Mumbai and Pune emerged as the biggest gainers, while NCR faced a significant decline.

Huma Qureshi and Saqib Qureshi Rent Luxury Juhu Villa for ₹10 Lakh Per Month

Actors Huma Qureshi and Saqib Qureshi have rented a 3,370 sq. ft. villa in Juhu for ₹10 lakh per month. Located in the Equest Condominium on Juhu Tara Road, the villa includes a swimming pool, garden, and basement, with a five-year lease agreement starting in March 2025.

Historic Laxmi Nivas Bungalow in Malabar Hill Sold for ₹276 Crore

Mumbai’s luxury real estate market has witnessed another landmark deal with the sale of Laxmi Nivas, a historic bungalow on Nepean Sea Road, for ₹276 crore. The iconic property, which once served as a hideout for freedom fighters during the Quit India Movement, has been acquired by Vageshwari Properties Private Limited, an entity linked to Reliance’s Nikhil Meswani. With a prime location, sea views, and redevelopment potential of 45,000 sq. ft., this sale highlights the growing demand for South Mumbai’s ultra-premium real estate.

NowAutomated System for Slum Survey and Eligibility Verification

The Maharashtra government has launched the Automated Annexure-II System to streamline slum dweller eligibility verification. This GIS-based technology aims to enhance transparency, eliminate delays, and ensure a fair rehabilitation process across Mumbai.

Possession Without an Agreement for Sale? MahaRERA Cracks Down on Builder

In a shocking turn of events, homebuyers in Gagan Nulife Phase 1 took possession of their flats without an Agreement for Sale. MahaRERA has now stepped in, ordering Gagan Lifespaces to execute the agreement within 60 days, ensuring buyers’ legal rights.