PE Investments in Indian Real Estate Surge to $2.82 Billion in 9M FY25

Private equity investments in Indian real estate grew 6% year-on-year to $2.82 billion in 9M FY25, despite fewer deals. The industrial and logistics sector dominated with a 62% share, driven by major transactions like the $1.54 billion Reliance-ADIA/KKR deal.

K Raheja Corp Signs Landmark ₹466 Crore Deal for Kandivali East Land Parcel

K Raheja Corp has finalized a ₹466 crore deal to acquire a 5.65-acre land parcel in Kandivali East, Mumbai, from Global E-Service Private Limited. The transaction, tied to obtaining development approvals from the BMC, will be completed in phases over five years. The agreement includes a ₹210 crore refundable, interest-free security deposit and reflects a major step in Mumbai’s real estate development sector.

Rs 2 Lakh Discount for Women Homebuyers at This Prop Expo

The CREDAI-MCHI 32nd Property and Home Finance Expo, scheduled for January 17-19, 2025, at the Jio World Convention Centre, will feature over 500 projects from 100+ developers and offer exclusive deals like a ₹2 lakh discount for women homebuyers. The event will showcase innovative initiatives, including India’s first Quick Real Estate Mall, simplifying the home-buying process.

MHADA Sets One-Month Deadline for Action on Illegal Construction in Abhyudayanagar

During MHADA’s Eighth Lokshahi Day, officials addressed complaints about illegal construction on the terrace of Suruchi Cooperative Housing Society in Abhyudayanagar. A one-month timeline was set for action following a directive to the Executive Engineer to survey the site, prepare a report, and submit it to the Encroachment Removal Cell. This move underscores MHADA’s commitment to tackling encroachment issues.

BMC Issues Stop Work Notice for Environmental Violations at Andheri Construction Site

The Brihanmumbai Municipal Corporation (BMC) has ordered a halt to construction activities at a site near Infinity Mall, Andheri (West), citing multiple environmental violations. The developer, Veena Developers, has been directed to address air and noise pollution concerns by implementing measures such as wind-breaking barriers, tarpaulin covers, and the use of smog guns and water sprinklers. This move underscores BMC’s commitment to enforcing environmental compliance across Mumbai.