Browsing Tag

Mumbai Real Estate

218 posts

Varun Dhawan Splurges ₹87 Crore on Two Lavish Apartments in Mumbai

Bollywood actor Varun Dhawan, along with his wife Natasha Dalal and mother Karuna Dhawan, has invested ₹87 crore in two luxury apartments in Andheri, Mumbai. The properties include eight car parking spaces, premium amenities, and a combined stamp duty payment of ₹5.21 crore.
Paytm Payment bank

Paytm Leases Office Spaces at World Trade Centre, Cuffe Parade in Mumbai

PayTM Payments Bank has secured two office spaces in the prestigious World Trade Centre, Cuffe Parade, Mumbai, for a 60-month lease term, totaling ₹4.18 Crore in rent. This strategic move demonstrates PayTM’s continued growth and investment in a prime commercial location in Mumbai.
Mumbai

Mumbai Real Estate Market Surges in 2024: Highest Property Registrations in 13 Years

Mumbai’s real estate market hit a historic high in 2024 with over 1.41 lakh property registrations, marking the highest figure in 13 years. This surge, coupled with a 12% increase in revenue from stamp duty collections, highlights strong demand, especially in the premium housing sector. Despite global economic challenges, Mumbai’s property market remains resilient, with key suburbs driving the growth. Industry leaders attribute this to favorable economic conditions and evolving buyer preferences.
Manju Yagnik

Key Real Estate Trends in 2024: Rapid Urbanization, Demographic Shifts, and Rising Foreign Investment

In 2024, India’s real estate market continues to thrive with robust demand in both luxury and affordable housing sectors. Manju Yagnik, Vice Chairperson of Nahar Group, highlights trends such as the rising focus on green living, increasing infrastructure investments, and urbanization. With Maharashtra’s infrastructure projects transforming the region, the year is set to close as the best in terms of real estate performance, driven by economic growth and strong fundamentals.
BMC

BMC Revises Interest Rates for Installment Payments on Building Permission Fees

On January 1, 2025, the Brihanmumbai Municipal Corporation (BMC) revised its installment payment policy for building permission fees, including IOD and CC. The revised policy introduces a higher interest rate of 12% per annum for fresh proposals, with increased penalties for defaults. The changes aim to ensure timely fee recovery and improve financial accountability in the city’s construction sector.