Reliance to Receive ₹647 Crores from MMRDA in the BKC Convention Centre Case

In a landmark ruling, the Bombay High Court has directed MMRDA to return nearly ₹647 crore to Reliance Industries, holding that demands for delay penalty on the BKC Convention & Exhibition Centre project were arbitrary and illegal. The court cited the composite nature of the project, court stay, statutory delays and discriminatory policy on construction timelines.

Sonu Sood Leases BKC Commercial Unit to HDFC Bank for ₹11.75 Lakh Monthly

Actor Sonu Sood has leased his BKC commercial unit to HDFC Bank for ₹11.75 lakh monthly rent under a 9-year agreement, underscoring strong institutional demand for premium Mumbai office assets.

Luxury Property Belonging to Scam Accused Anubhav Bhatter Up for Auction

A high-end apartment in Mumbai’s Signature Island, owned by alleged scamster Anubhav Bhatter, is up for e-auction by Standard Chartered Bank to recover over Rs. 135 crore in defaulted loans. Bhatter’s firm, BRH Wealth Kreators, was banned for misusing client funds worth hundreds of crores, with ongoing ED investigations revealing deeper fraud.

Maha Transport Min to Open Tenders for 98-Year Lease of ST Bus Depots

The Maharashtra Government will soon invite tenders to lease ST bus depots for 98 years and redevelop them into modern bus ports. Transport Minister Pratap Sarnaik announced the plan at HOMETHON 2025, adding that pod taxi services will also roll out in Bandra-Kurla Complex before expanding to other parts of Mumbai Metropolitan Region.

Brookfield Expands BKC Presence, Acquires Jet Airways Office Floor for ₹370 Crore

Brookfield Asset Management has strengthened its hold on Mumbai’s premium BKC office market by acquiring an additional floor in Godrej BKC for ₹370 crore, formerly owned by Jet Airways