CTIL Acquires 10 Acres of Prime Land in Worli, Mumbai for Rs. 1100 Cr

CTIL has acquired 10 acres of prime leasehold land in Worli, Mumbai, from Mr. Nusli Wadia for Rs. 1100 crore. The land, set to be developed by Birla Estates, significantly enhances CTIL’s real estate holdings, contributing an estimated Rs. 14,000 crore in booking value potential and expanding their contiguous land portfolio to 30 acres with a combined value of Rs. 28,000 crore.

Worli Flat Sold for ₹115 Crore

Ashley Nagpal, promoter of Ebco Pvt Ltd, and his wife Bianca have acquired a 7,139 sq ft luxury apartment in Mumbai’s Worli for ₹115 crore. The property, situated in Three Sixty West, saw a final stamp duty of ₹4,55,02,000 after a rebate. The transaction highlights the continued demand for high-end real estate in Mumbai.

Know How Much your Housing Price will Increase?

A Reuters poll forecasts a 7.8% rise in India’s house prices for 2024, primarily driven by luxury real estate demand. The CREDAI Housing Price Tracker reveals substantial price hikes in Bengaluru, Hyderabad, and Delhi NCR, while Mumbai’s prices remain stable.

Mumbai Real Estate Market Sees Record Highs in Property Prices

Mumbai’s real estate market has recently reached unprecedented levels, with property prices…

Dubai’s property market grows in double-digits – Transactions up by 32%; Sales Value rises by 23% in June quarter

Emaar Properties and Sobha Limited set the market pace, leading in registered…