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Business Confidence Rises as Demand Grows and Interest Rates Decline: Colliers APAC Cap Rate Report Q4 2024

Colliers’ Q4 2024 APAC Cap Rates report highlights rising business confidence, strong commercial uptake in Mumbai and Bengaluru, and stable capital rates despite increased supply.

Bollywood Actress Amrita Singh Buys ₹18 Crore Apartment in Juhu

Bollywood actress Amrita Singh has purchased a luxury apartment in Juhu for Rs. 18 crore. The property, located in Peninsula building, spans 2,712.9 sq. ft. and includes three parking spaces.

Zaheer Khan, Sagarika Ghatge, and Shivjeet Ghatge Purchase Luxury Apartment in Mumbai for Rs 11 Crore

“Former Indian cricketer Zaheer Khan, along with his wife, actress Sagarika Ghatge, and her brother, Shivjeet Ghatge, has invested in a luxury apartment in Mumbai’s prime locality, Lower Parel, for Rs. 11 crore. The high-end property, located in Indiabulls Sky, spans over 2,158 sq. ft. and includes three car parking spaces. With this purchase, the trio joins a list of celebrities who have invested in Mumbai’s thriving real estate market.”

Developers Updating Project Details on MahaRERA Website Increases from 0.02% in Jan 2023 to 62% Now

Developers updating project details on MahaRERA have surged from 0.02% in January 2023 to 62% now, thanks to strict enforcement and compliance measures. This initiative has improved transparency and reduced complaints from homebuyers, ensuring better accountability in Maharashtra’s real estate sector.

MHADA Reclaims Eight Acres of Encroached Land in Juhu-Andheri

MHADA has reclaimed eight acres of encroached land in Juhu-Andheri following a Bombay High Court order. Unauthorized structures were cleared after the court denied a stay on their removal. The land, originally part of a slum rehabilitation project, was found ineligible for redevelopment. Despite ongoing litigation, illegal sheds were erected, prompting MHADA to take action. The clearance drive was carried out under official directives to enforce land reclamation and urban planning regulations.