Suraj Estate Developers Acquires Land in Mahim West for Rs. 101 Crores

Suraj Estate Developers has acquired a vacant land parcel at Senapati Bapat Marg, Mahim West, for Rs. 101 crores. The development, which will feature 2.10 lakh square feet of RERA Carpet area, is set to become a major commercial project with an estimated GDV of Rs. 1,000 crores. The strategic location offers excellent connectivity, ensuring significant growth potential for the project.

Mumbai Property Registrations Rise 5% in November 2024; Surge in Demand for Premium Properties

Mumbai’s property market saw a 5% year-on-year increase in registrations in November 2024, with a notable surge in demand for properties priced above ₹2 crore. The rise in registrations, coupled with a 30% increase in stamp duty collections, reflects a growing preference for premium housing.

Central Suburbs: Mumbai’s Key Hotspot for Real Estate Investments

Central Suburbs of Mumbai are witnessing a boom in real estate activity, with a 13% rise in property registrations in 2024. Driven by affordable pricing, excellent connectivity, and major infrastructure projects, the area has become a prime investment destination for both residential and commercial buyers.

Nippon Life India Acquires Premium Commercial Properties in Mumbai for ₹486 Crore

Nippon Life India Asset Management Ltd. has made a significant move in Mumbai’s commercial real estate market by acquiring two office properties in Lower Parel for Rs. 486.03 crore. The acquisition highlights growing demand for Grade-A office spaces in key business districts like Lower Parel, as multinational firms continue to seek premium office spaces in Mumbai.

Luxury Home Sales Surge in India’s Top Cities: Average Ticket Size Rises by 23% in H1 FY25

India’s top seven cities have experienced a 23% rise in the average ticket size of luxury homes sold in the first half of FY2025. NCR, Bengaluru, and Hyderabad led the growth, with total sales value rising by 18%, despite a slight dip in the number of units sold.