MHADA Waives Interest for 2005 Lottery Winner; Orders Action in Wrong Allotment Case

During its 11th Lokshahi Din, MHADA addressed two critical citizen grievances. A 2005 lottery winner under the Balkum, Thane scheme received a waiver on delayed interest, while officials were directed to take swift action in a South Mumbai property misallocation case. The session underscored MHADA’s ongoing focus on prompt and transparent governance

ILP 4 India 1 Acquires Prime Kurla Land Parcel for ₹193.5 Crore

In a landmark transaction, ILP 4 India 1 Pvt Ltd acquired a 3.95-acre land parcel in Mumbai’s Kurla for ₹193.5 crore. The site includes existing buildings and is zoned for industrial use under DP 2034. With strong connectivity and rising investor interest, Kurla strengthens its position as a strategic urban growth corridor.

Mumbai Leads India’s Real Estate Market in Q1 2025

Mumbai’s real estate market remained resilient in Q1 2025, with stable cap rates across office, retail, and industrial sectors. Office leasing surged 24% YoY, retail capital values outpaced rents, and industrial demand stayed strong. According to Colliers, Mumbai continues to attract long-term investors amid broader regional caution.

Banker Aditya Puri and Actress Daughter Amrita Puri Buy Rs. 37 Crore Luxury Apartment in Mumbai’s World One Tower

Banking stalwart Aditya Puri and his daughter, actress Amrita Puri, have purchased a Rs. 37 crore luxury apartment in Mumbai’s iconic World One Tower. Located in Lower Parel, the high-profile deal reflects the city’s booming luxury real estate market and positions the Puri family among Mumbai’s elite property owners.

MahaRERA Becomes First in India to Cross 50,000 Housing Project Registrations

MahaRERA has made history by becoming the first and only state real estate authority in India to register over 50,000 housing projects. With 35% of the nation’s total registered housing developments, Maharashtra outpaces Tamil Nadu and Gujarat by a wide margin, reflecting its leadership in regulated real estate growth.