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Mumbai Real Estate

451 posts
MahaRERA Order

MahaRERA Restores Case Against Developer Over Delayed Possession in Mumbai

MahaRERA has reinstated a non-compliance case against Kavya Mira Realty for failing to hand over possession of a property as per its 2021 order. The February 12, 2025, ruling directs the case to the Adjudicating Officer, ensuring the developer fulfills its obligations. The decision underscores MahaRERA’s commitment to protecting homebuyers from project delays and non-compliance issues.
Akshay Kumar

Akshay Kumar Sells Mumbai Apartment for Rs. 4.35 Crore, Earns 84% Profit Over Seven Years

Bollywood star Akshay Kumar has sold his apartment in Oberoi Sky City, Borivali East, for Rs. 4.35 crore. The 1,073 sq. ft. unit, purchased in 2017 for Rs. 2.37 crore, saw an 84% appreciation in value. This marks his second recent sale in the same building, following a Rs. 4.25 crore transaction in January 2025.
MahaRERA

MahaRERA Issues Notice for Objections on Deregistration of Eight Real Estate Projects

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a notice inviting objections regarding the deregistration of eight real estate projects across the state. The projects, promoted by developers including Avishkar Developers, Anshul Bhosale Realty, and VSK Builders, are spread across Pune, Thane, Ratnagiri, Aurangabad, Kolhapur, Osmanabad, and Ulhasnagar. Homebuyers affected by these developments have been given 30 days to raise objections. The deregistration could impact property investments, and buyers are urged to verify their project status and respond accordingly.

Tesla Signs India’s Most Expensive Auto Showroom Lease in Mumbai’s BKC for ₹23.38 Crore

Tesla has leased 4,000 sq. ft. of showroom space in Mumbai’s Bandra Kurla Complex at a record ₹881 per sq. ft., making it the most expensive auto showroom lease in India. The five-year agreement, valued at ₹23.38 crore, includes a ₹2.11 crore security deposit and a 5 percent annual rent escalation clause. Tesla’s Mumbai showroom in Maker Maxity marks a significant step in its India expansion strategy.
Ekta Kapoor has leased her luxury Juhu apartment for ₹3.16 lakh per month

Ekta Kapoor Leases Luxury Juhu Apartment for ₹3.16 Lakh Per Month

Mumbai’s leading TV and film producer, Ekta Kapoor, has leased out her upscale Juhu apartment for ₹3,16,283 per month. The deal, registered on January 31, 2025, highlights the continued demand for premium real estate in the city. The 1,385 sq. ft. property, located at Krishna 2 (Ekta House), Juhu, has been rented out to businessman Rohit Goyal, further solidifying Juhu’s status as a prime celebrity hub.