Godrej Properties Limited Acquires Land from CIDCO on a 60-Year Lease in Navi Mumbai for ₹717 Crore

Godrej Properties Limited has acquired three contiguous land parcels in Kharghar, Navi Mumbai, from CIDCO on a 60-year lease for ₹717 crore. The 6.54-acre land is designated for mixed-use residential and commercial development. With Navi Mumbai’s real estate market booming, thanks to the Atal Setu and the upcoming Navi Mumbai International Airport, this move highlights developer confidence in the region’s future growth. Read the full report on this significant land deal.

Land Parcel Sold in Kamba (Kalyan) for Rs. 130 Crore

Bigdome Infra Private Limited has made a major real estate investment in Kamba, Kalyan-Dombivli, acquiring 68.91 hectares of land for ₹130 crore. This move aligns with the company’s expansion strategy, capitalizing on the region’s infrastructure development and rising investor interest.

India’s Real Estate Sector Sees Record ₹ 39,742 Crore Land Acquisitions in 2024

India’s real estate market reached a new high in 2024, with developers acquiring ₹39,742 crore worth of land across 23 cities. The surge in residential projects, particularly in Tier 1 and emerging Tier 2 cities, highlights a shift in development strategies. JLL’s report emphasizes the growing demand for housing, investment trends, and the evolving financing landscape in India’s property market.

Infrastructure Boom: How Connectivity is Driving Property Prices in Chembur

Chembur’s real estate market is on an upward trajectory, fueled by infrastructure development and improved connectivity. With property prices soaring from ₹20,000 to ₹35,000 per sq. ft. in recent years, the suburb is now a prime investment destination. Upcoming metro lines, expressways, and luxury housing projects are further enhancing its appeal, making Chembur a hotspot for homebuyers and investors.

Mumbai Skyline Redefined: Maharashtra Considers Raising Building Height Cap to 180 Metres

The Maharashtra government has proposed raising Mumbai’s high-rise building height limit from 120m to 180m, allowing structures up to 60 floors. Real estate experts support the move, citing growth, sustainability, and improved urban planning.