Zara Shuts Shop, Purple Style Labs Enters Iconic SoBo Building

Zara has shut its flagship store in South Mumbai’s iconic Ismail Building after nine years, making way for luxury fashion chain Purple Style Labs. The new tenant has leased nearly 60,000 sq ft of retail space for five years, with an initial annual rent of ₹36 crore. The lease marks a significant shift in Mumbai’s high-end retail landscape, as PSL expands its presence in the luxury fashion sector.

Housing Prices Surge in 2024, Delhi NCR Leads with 31% Growth

India’s housing market experienced a significant price surge in 2024, with average prices rising 10% YoY. Delhi NCR led the growth with a 31% increase, followed by Bengaluru at 23%. The luxury and ultra-luxury segments played a key role in driving demand, while unsold inventory levels declined for the fourth consecutive quarter. Experts anticipate continued price appreciation in 2025, supported by strong buyer confidence and evolving housing preferences.

Is Shah Rukh Khan Temporarily Moving Out Of Mannat?

Shah Rukh Khan’s recent rental of two luxurious duplex apartments in Mumbai’s Pali Hills has sparked speculation about his future at Mannat. With approvals granted to Gauri Khan for expanding their iconic bungalow, questions arise about whether the superstar is planning a move or simply making strategic real estate decisions.

Casagrand Millenia Acquires Prime Land Parcel in Pune’s Wagholi for ₹126 Crore

Casagrand Millenia Private Limited has acquired a prime 1.18-hectare land parcel in Wagholi, Pune, for ₹126.04 crore. With its proximity to the Kharadi IT Hub and upcoming metro extension, Wagholi is emerging as a key real estate hotspot. This acquisition reflects growing developer confidence in Pune’s eastern micromarket, driven by strong infrastructure and increasing demand.

MahaRERA Orders Refund with Interest in Serenity Project Case, Dismisses Premature Complaints

In a crucial ruling, MahaRERA has directed JVPD Properties Private Limited to refund homebuyers of the delayed Serenity – BLDG 1 project with interest as per Maharashtra RERA Rules. While two complaints were upheld, four were dismissed as premature, including an attempt to hold Xander Finance Pvt. Ltd. responsible for project completion. MahaRERA has given the developer 60 days to comply with the refund order, reinforcing its stance on protecting homebuyers from undue delays.