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Mumbai Real Estate

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From a "dangerously dilapidated" structure in 2004 to a high-tech luxury residence in 2026, the story of Ratan Tata's "The Cabins" enters a new chapter as Tata Sons secures a 5-year lease with a ₹10 crore deposit.

Tata Sons Leases Ratan Tata’s Colaba Bungalow at ₹17.5L Rent & ₹10Cr Deposit

From a “dangerously dilapidated” structure in 2004 to a high-tech luxury residence in 2026, the story of Ratan Tata’s “The Cabins” enters a new chapter as Tata Sons secures a 5-year lease with a ₹10 crore deposit.
“The rates mentioned in the Ready Reckoner are basically for the purpose of collection of stamp duty and cannot be the basis for determination of the compensation for the lands acquired under the Land Acquisition Act,” the Bombay High Court reiterated while slamming the SLAO’s flawed approach and upholding enhanced compensation of ₹3.99 crore.

Bombay HC Strips Developer of Mulund Project, Society Wins Back Land

In a landmark February 16, 2026 ruling, Bombay High Court Justice Somasekhar Sundaresan directed defaulting developer Alag Property to hand over Mulund Endeavour CHS redevelopment site, appointing Court Receiver amid ₹9.77 crore dues and 5+ years displacement. A rare win empowering societies against stalled projects.
“After paying ₹10,500 in 1977 and waiting decades, she never got the flat she had booked and was ready to pay for — but the court has finally ordered her money back with interest.”

Mumbai Building Saga: ₹12 Cr Deal Stands — Owner’s 13-Yr U-Turn Crushed by Bombay HC!

In a landmark interim ruling, Bombay HC protects Pankh Properties’ title to Matunga’s Adenwalla Building after 13 years, rejecting original owner Rusi Sorabji Khambatta’s sudden termination bid over a ₹12 crore 2012 deal. “Cannot unwind after pocketing the money,” court observes.
The Maharashtra government has approved a one-year renewal of rented office space for the Divyang Welfare Department at Mittal Tower, Nariman Point, increasing the monthly rent to ₹7.03 lakh with a 5% escalation.

Maharashtra Govt Approves ₹7.03 Lakh Monthly Rent for Disability Welfare Department Office at Nariman Point

The Maharashtra government has approved a one-year renewal of rented office space for the Divyang Welfare Department at Mittal Tower, Nariman Point, increasing the monthly rent to ₹7.03 lakh with a 5% escalation.
Maharashtra government has sanctioned ₹5 crore to MahaHousing from the Shelter Fund to cover loan repayments and operational costs, with strict repayment and interest conditions attached.

40% of Homes Sold in Mumbai in February Were Priced Below ₹1 Crore

Affordable homes still dominate Mumbai’s property market, with 40% of February sales below ₹1 crore, but rising mid-segment demand shows buyers are steadily upgrading budgets and confidence.