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Mumbai Real Estate

451 posts
BFSI Sector Shatters Leasing Records with 13.4 Million Sq. Ft. Take-Up in 2024: JLL Report

BFSI sector breaks previous records to lease 13.4 million sq. ft in 2024, amid the best year for office demand in the country

India’s Banking, Financial Services, and Insurance (BFSI) sector reached a historic milestone in 2024, leasing 13.4 million square feet of office space—the highest in a single year. A new report from JLL highlights the sector’s rapid growth, driven by both domestic and global firms, particularly in key financial hubs like Mumbai, Bengaluru, and Delhi NCR. As fintech innovation and digital financial inclusion rise, BFSI is set to play an even bigger role in India’s commercial real estate landscape.
Akshay Kumar

Akshay Kumar Sells Two Apartments in Mumbai for ₹6.6 Crore

Bollywood star Akshay Kumar has made a profitable real estate move, selling two apartments in Oberoi Sky City, Borivali, Mumbai, for ₹6.6 crore. The properties, purchased in 2017, saw an appreciation of nearly 90 percent, reflecting the strong demand for luxury homes in Mumbai’s growing suburban market. This transaction also highlights the increasing interest of Bollywood celebrities in premium real estate investments. Read more about the details of the sale and the booming property trends in Mumbai.

Huma Qureshi and Saqib Qureshi Rent Luxury Juhu Villa for ₹10 Lakh Per Month

Actors Huma Qureshi and Saqib Qureshi have rented a 3,370 sq. ft. villa in Juhu for ₹10 lakh per month. Located in the Equest Condominium on Juhu Tara Road, the villa includes a swimming pool, garden, and basement, with a five-year lease agreement starting in March 2025.

Historic Laxmi Nivas Bungalow in Malabar Hill Sold for ₹276 Crore

Mumbai’s luxury real estate market has witnessed another landmark deal with the sale of Laxmi Nivas, a historic bungalow on Nepean Sea Road, for ₹276 crore. The iconic property, which once served as a hideout for freedom fighters during the Quit India Movement, has been acquired by Vageshwari Properties Private Limited, an entity linked to Reliance’s Nikhil Meswani. With a prime location, sea views, and redevelopment potential of 45,000 sq. ft., this sale highlights the growing demand for South Mumbai’s ultra-premium real estate.
Based on the provided news article, here is an excerpt that captures the essence of the ruling: "In a significant legal victory for homebuyers, the Maharashtra Real Estate Appellate Tribunal (MahaRERA Tribunal) has delivered a detailed order affirming the retroactive power of the Real Estate (Regulation and Development) Act, 2016 (RERA Act). The ruling came in the appeals of two allottees from an incomplete project in Malad, solidifying the protection RERA offers to consumers even for agreements made before the law was enacted.

Possession Without an Agreement for Sale? MahaRERA Cracks Down on Builder

In a shocking turn of events, homebuyers in Gagan Nulife Phase 1 took possession of their flats without an Agreement for Sale. MahaRERA has now stepped in, ordering Gagan Lifespaces to execute the agreement within 60 days, ensuring buyers’ legal rights.