Cricketer Shreyas Iyer paid ₹2.9 Cr for a 525 Sq Ft home in Mumbai

Shreyas Iyer, a prominent member of the BCCI’s Indian Cricket Team, has made headlines with his recent purchase of a 525 sq ft flat in Mumbai’s Worli area for ₹2.9 crore. Acquired along with his mother, the deal was officially registered on September 19, highlighting the cricketer’s growing presence in the real estate market.

Century Real Estate Secures ₹450 Crores in Pre-Launch Sales for Codename Built Rare

Century Real Estate has reported ₹450 crores in pre-launch sales for its ultra-luxury project, Codename Built Rare, situated in Indiranagar. Spanning 8.5 acres and featuring 347 high-end residences, the project aims to capitalize on the rising demand for luxury housing in Bengaluru. With construction underway, it is projected to generate total revenue of ₹2,200 crores across two phases.

NCLAT Ruling: Claims Arising Post-CIRP Cannot Be Entertained by Resolution Professionals

NCLAT has established that any claims emerging after the initiation of the Corporate Insolvency Resolution Process (CIRP) cannot be accepted by Resolution Professionals. The ruling came in the case of Gujarat Urja Vikas Nigam Ltd. vs. Mr. Udayraj Patwardhan, addressing the legality of a terminated Power Purchase Agreement during the insolvency process. The tribunal emphasized that claims must be filed in accordance with the CIRP commencement date, reinforcing the framework of insolvency law.

Enhanced Connectivity and Redevelopment Fuel South Central Mumbai’s Real Estate Boom

South Central Mumbai is experiencing a remarkable real estate transformation, with old buildings making way for luxurious high-rises. Enhanced connectivity from new infrastructure projects, including the coastal road and Metro Line 3, is attracting homebuyers to this historically rich area. As capital values rise and demand for housing increases, South Central Mumbai is emerging as a prime market that offers more than just residences—it’s becoming a desirable lifestyle choice.

Mt. K Kapital Raises Over INR 500 Crore for Maiden Fund, Targets Additional Projects

Mt. K Kapital has successfully raised over INR 500 crore for its maiden fund, targeting key real estate projects in Mumbai. With significant commitments already secured, the fund aims to capitalize on the city’s thriving market, focusing on quick turnaround residential developments in collaboration with Rustomjee Group.