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Mumbai Real Estate

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BKC

MMRDA’s BKC Plot Auction Fetches Record-Breaking Prices: Sumitomo and Brookfield Secure Prime Land

The Mumbai Metropolitan Region Development Authority (MMRDA) has set a new record with its latest land auction in Bandra-Kurla Complex (BKC), fetching prices well above the reserve rate. Sumitomo Corporation acquired two prime plots at ₹4,82,000 per square meter, while Brookfield secured another at ₹3,87,000 per square meter. This historic auction highlights BKC’s growing demand among global investors and reinforces Mumbai’s status as a premier commercial hub.

15-Year Wait Ends for Siddharth Nagar (Patra Chawl) Residents as MHADA Conducts Lottery for 663 Homes in Goregaon

The 15-year-long wait for residents of Siddharth Nagar (Patra Chawl) in Goregaon (West) has finally ended, as MHADA conducted a computerized lottery for 663 rehabilitation tenements. Held under strict transparency measures, the allotment ensures rightful residents receive their homes. Possession begins on April 7, 2025, with continued rent compensation until May. MHADA has also approved a solar power system and gym equipment for the housing society, marking a new chapter for residents.
India’s Ultra Luxury Home Market Soars: 49 Homes Above ₹ 100 Crore Sold for ₹ 7,500 Crore in Three Years

49 Homes Above ₹ 100 Crore Sold for ₹ 7,500 Crore in Three Years

India’s ultra-luxury home market is booming, with 49 properties priced above ₹100 crore sold for a staggering ₹7,500 crore in just three years. Mumbai takes the lead with 69% of the deals, while apartments now dominate over bungalows in this elite segment.
Subhash Ghai has leased a 7,500 sq. ft. commercial property in Mumbai’s Andheri West for a total rental income of ₹2.24 crore over five years, as per documents

Subhash Ghai Sells Two Apartments in Mumbai’s Jogeshwari for ₹11.61 Crore

Veteran Bollywood filmmaker Subhash Ghai has sold two premium residential apartments in Jogeshwari, Mumbai, for a total of ₹11.61 crore. The properties, located in Splender Complex Co-op Housing Society Ltd. and registered under Mukta Tele Arts Private Limited, were officially recorded in March 2025. The sale highlights the rising demand for high-end real estate in Mumbai’s western suburbs, known for their excellent connectivity and accessibility to key commercial hubs.
Some Indian housing markets have doubled in value since 2021. ANAROCK data reveals the 14 micro markets leading this boom, their growth drivers, and the investment outlook for 2026.

Mumbai Records 15,501 Property Registrations in March 2025, Generating ₹1,589 Crore in Revenue

Mumbai recorded a significant increase in property registrations in March 2025, with 15,501 transactions generating ₹1,589 crore in stamp duty revenue. This marks a notable rise compared to March 2024 and February 2025, highlighting renewed activity in the city’s real estate market.