On Wednesday, Mumbai Police acquired 58 residential units in Tardeo.

The residential units are located in the building number 10, M P Mill Compound.

The deal was signed between SD Corporation Pvt Limited and The Commissioner of Police, Mumbai.

The Corpus fund for these residential units is Rs 72.5 lakh.

Joint Commissioner of Police, S Jaykumar, confirmed that the residential units in Tardeo are for the officers of Mumbai Police.

A stamp duty of Rs 2.19 lakh was paid for the registration of the deal, which took place on Wednesday, (Feb 21).

Housing for the officers of Mumbai Police has been an issue for a long time, with homes within the city for them now, will help them save their time in commute.

Also Read: Developers Finally Listen to Mumbai Police Commissioner

You May Also Like

📰 Construction Costs to Rise 3–5% in 2026: Labour Surge, Material Trends to Impact Real Estate Prices

India’s construction costs are set to rise 3–5% in 2026, driven mainly by a sharp increase in labour costs and mixed material price trends, according to JLL’s latest report.

Mumbai Sees Surge in Property Registrations and Stamp Duty Revenue in January 2025

Mumbai recorded 12,048 property registrations in January 2025, generating ₹974 crore in stamp duty revenue. This marks a 9.86% increase in registrations and a 28.15% rise in revenue compared to January 2024. However, compared to December 2024, registrations dipped by 2.98%, while revenue declined by 14.12%.

WeWork India Files DRHP with SEBI for IPO

WeWork India Management Limited has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an initial public offering (IPO). The IPO comprises an Offer for Sale (OFS) of up to 43.75 million equity shares by Embassy Buildcon LLP and 1 Ariel Way Tenant Limited. The company, a leading flexible workspace provider, will not receive any proceeds from the sale. Book Running Lead Managers include JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital, and 360 ONE WAM.

BMC Takes Over Slum Rehabilitation Project in Malad East After High Court Upholds Cancellation of Private Developer’s NOC

In a landmark ruling, the Bombay High Court has cleared the path for the BMC to take direct control of a Malad East slum rehabilitation project, rehabilitating eligible dwellers at its own expense after cancelling a private developer’s NOC for non-compliance. The decision prioritizes public amenities on civic land and highlights landowner rights in Mumbai’s redevelopment landscape.