Browsing Tag

Mumbai Real Estate

474 posts
Uncover why a ₹49.5 lakh parking spot in South Mumbai's Grand Paradi at Kemps Corner costs more per sq ft than a 2BHK flat in Andheri West at ₹30,000, with insights into Mumbai's real estate history and parking struggles.

A Parking Spot in South Mumbai is More Expensive Than a Flat in Andheri

A parking space in South Mumbai’s Grand Paradi sells at ₹33,000 per sq ft, topping a 2BHK in Andheri West at ₹30,000 per sq ft, spotlighting Mumbai’s escalating property values amid historical trends and parking woes.
Puravankara Limited posted 4% YoY growth in Q2 FY26 pre-sales, alongside an 8% rise in collections. With ₹9,100 crore GDV acquisitions across Mumbai and Bengaluru—including marquee redevelopment projects—the developer is accelerating its expansion strategy in India’s most active real estate markets.

Puravankara Expands Portfolio with ₹9,100 Cr GDV in H1 FY26; Mumbai, Bengaluru Acquisitions Strengthen Growth Momentum

Puravankara Limited posted 4% YoY growth in Q2 FY26 pre-sales, alongside an 8% rise in collections. With ₹9,100 crore GDV acquisitions across Mumbai and Bengaluru—including marquee redevelopment projects—the developer is accelerating its expansion strategy in India’s most active real estate markets.

📰 Working in Mumbai Just Got Costlier: Office Rents Jump 11%

Mumbai office rents soared 11% in Q3 2025 — the second-fastest in India — as demand for premium spaces stays strong. With new supply rising and residential sales leading nationally, the city’s real estate market remains red hot.

🏢 Developers Get Relief: 120–180 m Towers on Big Plots No Longer Need High-Rise Committee Approval

In a major policy shift, Maharashtra has allowed 120–180 m buildings on plots above 2,000 sq.m to skip High-Rise Committee clearance. Municipal Commissioner can now approve these projects directly — a move expected to speed up redevelopment and reduce delays in Mumbai’s real estate sector.
“In a dramatic turn, the Bombay High Court has ruled that 6 votes were not enough to remove the Chairperson of a Goregaon housing society because a newly appointed member’s voting right was denied — turning a 0.67 fraction into the decisive factor in a bitter redevelopment battle.”

Bombay HC: GR Guidelines for Redevelopment Are Only Directions – No Tender Needed if Majority of Tenants Agree on a Builder

Bombay HC rules GR guidelines for co-op society redevelopment are only directions, not mandatory. Societies can appoint a builder without a tender if the majority of tenants agree, ensuring transparency and proper supervision.