MHADA Lottery: Over 1.34 Lakh Applications Received

MHADA has declared a lottery for 2030 homes in Mumbai, closing applications with over 134,000 received by the September 19 deadline. The lottery, scheduled for October 8, presents applicants with odds of 0.015% for securing a home, highlighting the high demand for affordable housing in the city.

Actor Prithviraj Acquires Luxury Duplex in Mumbai for ₹30.6 Crore

Actor and filmmaker Prithviraj Sukumaran’s production house has acquired a luxury duplex in Pali Hill, Bandra, Mumbai for Rs. 30.6 crore. The deal, finalized in September 2024, includes a built-up area of 2,971 sq. ft. and four car parking spaces.

Puravankara Expands Redevelopment Portfolio with High-Profile Projects in Mumbai

Puravankara Limited has significantly expanded its redevelopment portfolio with two major projects. In Mumbai, the company has acquired redevelopment rights for the prestigious Miami Apartments in Breach Candy, marking its entry into the high-end South Mumbai market. Additionally, Puravankara is extending its presence in Lokhandwala, Andheri West, with new redevelopment projects. In Bengaluru, a Joint Development Agreement has been signed for a 1.95-acre land parcel in Electronics City, further bolstering Puravankara’s footprint in key real estate markets.

Kangana Ranaut Sells Bandra Bungalow for ₹32 Crore, Earning ₹12 Crore Profit

Kangana Ranaut has sold her Bandra bungalow for ₹32 crore, earning a profit of ₹12 crore. Purchased in 2017 for ₹20 crore, the property faced BMC demolition during the MVA rule but has now been sold to Shweta Bathija of Kamalini Holdings. The deal was registered on September 5, 2024.

Ultra-Luxury Homes Sales Surge to INR 2,443 Cr in Eight Months

The ultra-luxury real estate market in India saw INR 2,443 crore in sales through August 2024. Mumbai leads with 21 transactions valued at INR 2,200 crore. Prices for ultra-luxury homes have risen, with significant jumps in properties over INR 100 crore. Anuj Puri of ANAROCK anticipates more high-value deals as the year progresses.