Browsing Tag

Mumbai

290 posts
The Bihar RERA has fined a developer ₹1 lakh for displaying "Coming Soon" posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

Developer’s Accounts Frozen for Failure to Pay Allottees, Tribunal Rejects Plea to Unfreeze

A Mumbai-based real estate developer, Altaa Construction, has had its plea to unfreeze bank accounts rejected by the Maharashtra Real Estate Appellate Tribunal. The accounts were frozen by authorities due to the developer’s continuous failure to comply with orders dating back to 2020, which mandated the payment of Rs. 71 lakh in interest to allottees. The Tribunal cited a “dilatory strategy with malafide intentions” on the part of the developer, noting the allottees’ five-year struggle to recover their dues.
eetendra Kapoor's family firms, Pantheon Buildcon & Tusshar Infra, sell a prime 2.39-acre Andheri land parcel with Balaji IT Park to NTT Global Data Centers for Rs 855 crore.

Jeetendra Kapoor Family Firms Sell Prime Andheri Land for Rs 855 Crore to NTT Global Data Centers

Firms owned by veteran Bollywood actor Jeetendra Kapoor and his family have sold a significant 2.39-acre land parcel in Mumbai’s prime Andheri area to NTT Global Data Centers & Cloud Infrastructure India for a staggering Rs 855 crore. The property, currently housing Balaji IT Park, marks a major real estate transaction in the city.
Nama Xana, Worli

Mumbai Sees India’s Costliest Home Sale at Rs 639 Crore

Mumbai’s luxury real estate market witnesses a historic event as a Rs 639 crore deal for sea-facing duplex apartments in Worli sets a new national record for residential property sales.
India’s flex workspace stock across the top seven cities is expected to cross 100 million sq ft by 2027, with penetration rising to 10.5%, driven by strong enterprise demand, GCC expansion, and rapid growth in Bengaluru, Pune, and Chennai.

This City in the Country Holds the Highest Vacant Office Stock in India

This City holds the highest vacant office stock in India, reaching 28 million square feet in Q1 2025. While demand for office space remains robust across major cities, new supply and absorption trends show a dynamic real estate landscape, with Bengaluru, Mumbai, and Pune leading in absorption. This article provides an in-depth analysis of the office market in India, highlighting key trends and data from Q1 2025.
Mumbai recorded 12,070 property registrations in September 2025, marking a 32% YoY rise and the best September since 2013. Stamp duty revenues grew 47% YoY to ₹1,292 crore, boosted by festive demand and strong buyer confidence in suburban markets.

Mumbai’s Rental Agreements Increasingly Go Digital: 88,267 E-Registrations Recorded in Q1 2025

In the first three months of 2025, Mumbai saw 96,322 rental agreements registered. A significant 88,267 of these were e-registrations, indicating a strong trend towards digital processing in the city’s rental market.