Large corporates with deep pockets are entering aggressively, and for homebuyers, this brings both comfort… and concern.

Let’s start with the positives.

Liquidity is no longer the biggest worry. When a developer is backed by strong financial muscle, the chances of projects getting stuck drop significantly. For a city that has seen years of delays, this is a big relief.

Then comes speed. With institutional backing, approvals, clearances, and execution tend to move faster. Time is money, and honestly, big money accelerates timelines.

There’s also a brand at stake. Large corporates cannot afford to compromise on quality. One bad project doesn’t just affect sales; it impacts their entire reputation. That naturally pushes better construction standards.

And importantly, compliance improves. Cleaner land titles and better documentation make it easier for buyers to secure home loans, something that depends heavily on project credibility.

For any homebuyer, three things matter most: • Clear land title • Timely delivery • Quality construction

And corporates are clearly raising the bar here.

But here’s the flip side, and it’s a serious one.

These players come with massive holding power. Unlike smaller developers, they don’t need to sell quickly. They can afford to wait… and hold prices.

Which means: Real estate prices may not correct easily anymore.

So while stability increases, affordability could take a hit.

There’s also a larger shift underway and that is market consolidation.

Big corporates are no longer limited to South Mumbai or prime zones. They are entering suburbs, redevelopment projects, even slum rehabilitation, a space that even reputed builders once avoided.

And history tells us one thing:
When large players enter late, they don’t just participate; they dominate.

So yes, trust, transparency, and execution will improve.

The real question is:
What does a homebuyer want?

Also Read: 28,061 Homes Planned: SRA Picks Andheri Cluster for Mega Slum Redevelopment Project

The post Big Corporates in Mumbai Real Estate: Boon or Barrier? appeared first on Square Feat India.

Background of the MahaRERA Order

The MahaRERA order addressed three complaints (CC006000000580907, CC006000000591319, and CC006000000591602) filed by homebuyers Mohammed Jaffer Imamuddin Sayed, Vinita and Shailendra Kumar Singh, and Abhash Sharma. These allottees, who booked flats in the Indiabulls Park 4 project (MahaRERA Registration No. P52000000475) in Panvel, Raigad, sought remedies for delayed possession and refunds under Section 18 of RERA. The developer, Lucina Land Development Limited, argued that the complaints were not maintainable due to arbitration clauses in the agreements for sale, specifically Clause 45, which mandated dispute resolution through arbitration.

The complaints highlighted significant delays in the project, with possession dates promised between November 2020 and April 2023 (including grace periods) remaining unfulfilled. The developer attributed delays to force majeure events, including a CIDCO stop-work notice (2017–2019), changes in planning authority, and the COVID-19 pandemic. However, the arbitration clause issue became a central point of contention, as the developer sought to divert the disputes away from MahaRERA’s jurisdiction.

Bombay High Court’s Ruling: A Game-Changer

MahaRERA’s decision to reject the arbitration clause was grounded in a significant Bombay High Court judgment delivered on October 25, 2024, in Second Appeal No. 434 of 2023. The court held that “the dispute between the individual allottee and the promoter or the dispute between the Association of the Allottees and the Promoter covered under Real Estate Regulation and Development Act, 2016 is non-arbitral in nature.” Furthermore, it clarified that “the jurisdiction of Real Estate Regulatory Authority established under Section 20 of the Real Estate Regulation and Development Act, 2016 is not ousted, even if the agreement between the promoter and the allottee contains arbitration clause.”

This ruling effectively dismantled the developer’s argument that MahaRERA lacked jurisdiction due to the arbitration clause. By invoking this precedent, MahaRERA affirmed its authority to adjudicate the complaints, ensuring that homebuyers could seek direct relief under RERA without being compelled to pursue arbitration, which can be costly, time-consuming, and biased toward developers.

MahaRERA’s Stance on Arbitration Clauses

In its order, MahaRERA emphasized that the complainants had consciously chosen to invoke its jurisdiction rather than resorting to arbitration. The authority noted that the homebuyers filed their complaints under Section 31 of RERA, seeking possession, refunds, and interest for delays, as provided under Section 18. By rejecting the developer’s objection, MahaRERA clarified that arbitration clauses in agreements for sale do not override the statutory remedies available under RERA.

This stance aligns with the legislative intent of RERA, which aims to provide a specialized, consumer-friendly forum for resolving real estate disputes. The authority’s reliance on the Bombay High Court’s ruling underscores the judiciary’s support for protecting homebuyers from contractual clauses that could undermine their access to justice.

Implications for Homebuyers

The MahaRERA ruling has far-reaching implications for property investors across Maharashtra and beyond:

• Direct Access to MahaRERA: Homebuyers can now approach MahaRERA without fear of being redirected to arbitration, ensuring faster and more accessible dispute resolution.
• Protection Against Developer Tactics: Arbitration clauses, often embedded in agreements to shield developers, are now ineffective in RERA disputes, leveling the playing field for allottees.
• Clarity on Legal Recourse: The ruling reinforces that RERA is the primary forum for addressing issues like delayed possession, refunds, and interest, empowering homebuyers to seek statutory remedies.
• Encouragement for Due Diligence: Investors are advised to review agreements carefully, recognizing that arbitration clauses cannot bar them from MahaRERA’s jurisdiction.

Broader Impact on the Real Estate Sector

This decision marks a significant shift in the real estate landscape, compelling developers to prioritize compliance with RERA provisions. By invalidating arbitration clauses, MahaRERA and the Bombay High Court have curtailed a common strategy used by developers to delay or complicate dispute resolution. This ruling is likely to:

• Enhance Transparency: Developers may revise agreements to align with RERA’s consumer-centric framework, reducing reliance on arbitration clauses.
• Boost Consumer Confidence: Homebuyers, assured of MahaRERA’s jurisdiction, may feel more secure investing in real estate projects.
• Set a National Precedent: Other state RERA authorities may adopt similar interpretations, creating a uniform approach to handling arbitration clauses in real estate disputes.

Details of the MahaRERA Order

While the arbitration clause ruling was a focal point, MahaRERA also addressed the substantive issues in the complaints:

• Complaints 1 and 2 (Possession with Interest): Mohammed Jaffer and Vinita Singh were granted interest on delayed possession from February 1, 2025, at SBI’s MCLR plus 2%, payable after the project’s Occupancy Certificate is obtained. The developer was directed to set off any outstanding dues against the interest, ensuring no further demands if the interest exceeds dues.
• Complaint 3 (Refund with Interest): Abhash Sharma was awarded a refund of ₹25,87,308 with interest, to be paid in six monthly installments within six months, with a charge on the flat until payment is complete.
• Rejections: Claims for compensation and statutory dues were dismissed, with MahaRERA noting that compensation requires adjudication by a separate officer, and statutory dues are outside RERA’s ambit.

The authority also rejected the developer’s claims of prematurity and force majeure, holding that possession dates in registered agreements are binding unless amended with allottee consent.

Advice for Homebuyers

For property investors, this ruling offers critical lessons:

• Understand RERA Protections: Familiarize yourself with Section 18, which guarantees remedies for delays, and Section 31, which allows complaints to be filed with MahaRERA.
• Scrutinize Agreements: Look for arbitration clauses and recognize that they cannot override your right to approach MahaRERA.
• Act Promptly: File complaints with MahaRERA if developers fail to deliver on time, as delays in possession or project completion are actionable under RERA.
• Seek Legal Guidance: Consult experts to navigate complex agreements and ensure your rights are protected in disputes.

Conclusion

MahaRERA’s November 10, 2025, order, bolstered by the Bombay High Court’s October 25, 2024, ruling, is a decisive victory for homebuyers. By declaring arbitration clauses inapplicable in RERA disputes, the authority has ensured that allottees can seek justice directly through a transparent and accessible forum. This development not only safeguards the interests of homebuyers in the Indiabulls Park 4 project but also sets a robust precedent for the real estate sector. For prospective investors, the message is clear: RERA empowers you to hold developers accountable, and MahaRERA is your ally in securing your rights.

Also Read: MahaRERA Must Allow In-Person Hearings Too, Rules Bombay High CourtVirtual-only model no longer acceptable; hybrid system mandatory within four weeks

The post MahaRERA Rejects Arbitration Clauses in Real Estate Disputes, Upholds Homebuyer Rights appeared first on Square Feat India.

A New Frontier for Real Estate Investment

These cities are no longer on the periphery; they’re economic powerhouses driving a real estate revolution. With a consumer base of 25 million fueling 26 million square feet of organized retail demand, they offer a compelling alternative to saturated metro markets, attracting developers, occupiers, and investors alike.

Regional Highlights Stealing the Spotlight

Each city brings unique strengths to the table:

• Northern Gems: Jaipur evolves into a tech hub with its international airport and Delhi-Mumbai Expressway, while Lucknow’s State Capital Region (SCR) plan promises a commercial surge over the next few years.
• Southern Stars: Coimbatore thrives with metro rail and smart city projects, and Kochi leads with its trans-shipment terminal and electric boat metro, enhancing connectivity.
• Eastern Risers: Bhubaneswar’s Smart City status and educational hubs like IIT and AIIMS draw investors, while Guwahati serves as a logistics gateway to Northeast India and ASEAN.
• Western Winners: Indore and Nagpur offer competitive pricing and talent pools, supported by evolving infrastructure.

Unmatched Business Advantages

The report reveals a goldmine for real estate players: 25-50% savings on costs (real estate, talent, operations) and attrition rates up to 15% lower than metros. Surekha Bihani, Senior Managing Director at JLL, highlights how this enhanced quality of life and cost efficiency is driving demand for Grade A, ESG-compliant spaces, making these cities essential for long-term growth.

Strategic Opportunities for the Future

Dr. Samantak Das, JLL India’s Chief Economist, calls this a structural shift in India’s economic geography. With over 70 million square feet of office stock and infrastructure leaps like expressways and smart city initiatives, these cities offer higher yields and capital appreciation. The report urges a data-driven approach, aligning investments with growth archetypes for maximum returns.

Why Watch These Cities?

For anyone passionate about real estate, these nine cities represent the next big opportunity. As metros expand, this INR 10 trillion economic base is poised to reshape India’s property landscape, blending growth, affordability, and innovation.

Also Read: Asia Pacific Hospitality Sector Stays Strong in Q1 2025; India Emerges as Key Growth Driver

The post Interested in Real Estate? Keep an Eye on India’s 9 Emerging Cities Beyond the Metros! appeared first on Square Feat India.

Airport + Atal Setu = New Growth Frontier

Vimal Nadar, National Director & Head of Research, Colliers India, says:

“The opening of the Navi Mumbai International Airport signifies more than just a milestone in air travel. It marks a pivotal transformation in the region’s real estate landscape, particularly within the residential and commercial sectors. The announcement of this upcoming airport had already triggered a substantial rise in property values across key areas in the vicinity including Uran-Ulwe, Kharghar, Dronagiri, Taloja, and Panvel. This greenfield airport will further accelerate the growth, driving sustained demand and significant price appreciation, presenting lucrative long-term investment opportunities.”

According to Nadar, Navi Mumbai’s positioning as a sub-dollar office market — with lower rentals compared to central Mumbai — combined with enhanced global access, is expected to spur commercial leasing activity. He adds that the proposed Aerocity, which will integrate commercial, residential and recreational spaces, will help create “a new urban ecosystem that blends work and lifestyle.”

The Atal Setu sea bridge, which has dramatically cut travel time between Navi Mumbai and South Mumbai, is another game-changer that places Panvel firmly on the real estate radar of buyers, developers, and investors.

Panvel Outpaces Navi Mumbai in Property Appreciation

The Panvel region has recorded extraordinary price growth, outpacing the rest of Navi Mumbai in both apartments and plotted developments:

Asset Type	Panvel Region (FY21 → FY25)	Rest of Navi Mumbai (FY21 → FY25)
Apartments	₹10,000–12,000 per sq.ft 74% growth	₹19,000–21,000 per sq.ft 45% growth
Residential Plots	₹80,000–85,000 per sq.yd 93% growth	₹1,10,000–1,30,000 per sq.yd 58% growth

Deepak Khandelwal, Principal Partner & Chief Sales Officer at Square Yards, observes:

“The Navi Mumbai International Airport stands as a cornerstone of the region’s broader infrastructure push, supported by major upgrades in road, rail, metro, and waterway connectivity. Its imminent operationalisation has already begun to reshape the real estate landscape, particularly across the Panvel region. Localities such as New Panvel, Old Panvel, Kharghar, Ulwe, and Taloja are witnessing a surge in development, with a growing supply of premium residential projects, gated communities, and large integrated townships.”

He adds,

“The market response has been strong, with apartment prices in the Panvel region rising by nearly 74% between FY 2021 and FY 2025, compared to 45% growth across the rest of Navi Mumbai. With the first phase to be inaugurated today and full-scale operations expected soon, the airport is set to drive the next wave of value creation, reinforcing Panvel’s position as one of the most promising growth hubs not only within the Mumbai Metropolitan Region and beyond.”

What This Means for Homebuyers and Investors

For homebuyers, Panvel has transformed from a “future promise” market to a now-or-never opportunity. The combination of airport-led infrastructure, lower ticket sizes, and premium township launches offers buyers both lifestyle and appreciation potential.

For investors, Panvel offers two distinct advantages:

1. Capital appreciation: Strong price momentum already visible pre-airport inauguration.
2. Rental yield & commercial play: With Aerocity and new office corridors on the cards, Panvel could evolve into a new residential-cum-business hub — similar to Gurugram post-IGI airport expansion.

Developers, meanwhile, are fast-tracking launches to tap into this demand surge, especially in New Panvel, Kharghar, Taloja, and Ulwe — areas well connected to the upcoming airport and metro lines.

The Takeaway

The Navi Mumbai International Airport is not just another infrastructure project — it is redefining the real estate geography of MMR. As phase one goes live, Panvel stands at the cusp of its biggest transformation yet, with growth driven by connectivity, infrastructure, and investor confidence.

For those who saw Panvel as “too far” a few years ago, the airport’s inauguration may well be the inflection point.

Also Read: Airport Micro-Markets See Steepest Property Price Surge

The post ✈️ Navi Mumbai Airport to Take Off — Panvel Property Prices Already Soaring 74% appeared first on Square Feat India.

The Deal

Shroff had purchased the apartment in 2018 for ₹11.62 crore. The sale now reflects a handsome appreciation in value over a period of seven years. The buyer paid ₹93.60 lakh as stamp duty and ₹30,000 in registration charges.

The Apartment – Rustomjee Paramount, Khar

The property is located in Rustomjee Paramount, a luxury residential development in Khar West. Key details include:

• Carpet area: 1,989.72 sq.ft. (~185 sq.m.)
• Built-up area: 2,189 sq.ft. (~203.34 sq.m.)
• Car parking: 3 reserved slots

Rustomjee Paramount is known for its upscale amenities, panoramic city views, and celebrity residents, making it one of the most desirable addresses in suburban Mumbai.

Why Khar is Prime Real Estate

Khar continues to remain one of Mumbai’s most premium real estate markets. It offers a mix of luxury apartments and commercial properties, strong connectivity via the Western Express Highway and upcoming Metro lines, and proximity to business hubs such as Bandra Kurla Complex (BKC), Lower Parel, and the international airport.

The Star Factor

Tiger Shroff, son of veteran actor Jackie Shroff, made his Bollywood debut with Heropanti (2014). He is best known for his action-packed roles, martial arts skills, and dance performances. Beyond films, Shroff has also cultivated a massive fan base for his fitness-driven lifestyle.

This property sale adds another highlight to his off-screen portfolio, showing that his real estate investments have also paid off handsomely.

Also Read: Priyanka Chopra’s Family Leases Pune Property for ₹1.49 Crore Over 5 Years

The post Tiger Shroff Sells Khar Apartment for ₹15.6 Cr, Earns Nearly ₹4 Cr Profit appeared first on Square Feat India.

While the cumulative value growth of the top 150 Indian real estate companies saw a more subdued 14% increase this year, reaching a formidable ₹16 lakh crore (USD 188 billion), the resilience of the market’s leading players remains undeniable. This growth, though lower than the previous year’s surge of 70%, underscores the sector’s long-term potential, especially with a strong rebound noted in the latter half of the reporting period driven by stable interest rates and robust housing demand.

India’s Wealthiest Real Estate Leaders

The report meticulously identifies and quantifies the wealth of the wealthiest individuals at the helm of India’s real estate empires. Topping this prestigious list is:

1. Rajiv Singh (DLF): With a wealth of ₹1,27,610 Crore, Rajiv Singh of DLF leads the list, maintaining his top position with a 3% rise in wealth over the last year. He continues to lead DLF, India’s most valuable real estate company, from New Delhi.
2. Mangal Prabhat Lodha & family (Lodha Developers): Holding the second rank with ₹92,340 Crore in wealth, the Lodha family recorded a modest 1% increase over the year. Based in Mumbai, they lead Lodha Developers, which has shown consistent momentum.
3. Gautam Adani (Adani Realty): Ranking third, Gautam Adani’s real estate wealth stands at ₹52,320 Crore, despite a 7% decline. Adani Realty remains the most valuable unlisted real estate firm in the country.
4. Vikas Oberoi (Oberoi Realty): Retaining fourth place, Vikas Oberoi’s wealth increased by 5% to ₹46,950 Crore.
5. Basant Bansal & family (M3M India): Making a powerful re-entry into the top five, their wealth is ₹37,390 Crore. M3M India has shown one of the most dramatic valuation jumps this year.
6. Atul Ashokkumar Ruia & family (The Phoenix Mills): Ranked sixth with ₹26,410 Crore, their wealth rose by 10%.
7. Raja Bagmane & family (Bagmane Developers): Securing the seventh position with ₹25,270 Crore in wealth, they showed a remarkable 29% growth, the highest among the top 10.
8. S Subramanyam Reddy (Aparna Constructions & Estates): Ranks eighth with a wealth of ₹18,690 Crore.
9. C Venkateswara Reddy (Aparna Constructions & Estates): Follows closely in ninth with ₹18,490 Crore in wealth.
10. Irfan Razack & family, Noaman Razack & family, Rezwan Razack & family (Prestige Estates Projects): Each sharing the tenth position with a wealth of ₹14,510 Crore, reflecting a 4% increase.

Leading Companies and Their Valuations

Beyond individual wealth, the report also highlights the companies that are driving the sector’s overall valuation.

• DLF retains its coveted title as India’s most valuable real estate company, boasting a valuation of ₹2,07,400 Crore, growing 2.6% over the past year.
• Lodha Developers holds the second position with a substantial value of ₹1,38,200 Crore, up 1.1% from last year.
• Indian Hotels Company (IHCL) makes a notable ascent to the third spot with a valuation of ₹1,08,300 Crore, following a significant 36.8% rise in value.

Key Trends Shaping the Sector

The report uncovers several pivotal trends shaping the future of Indian real estate. A remarkable 63 new companies made it to the list this year, with 29 directly entering the Top 100. Notably, OYO debuted directly into the Top 15, and Adani Realty re-emerged as the most valuable unlisted real estate company.

There’s a discernible shift towards professional management, with 33 of the top 150 companies now led by professional CEOs who do not hail from the founding family. The report also highlights the increasing presence of women leaders, with four companies on the list led by women.

In terms of sectoral focus, residential real estate remains dominant, accounting for 67% of the companies, while hospitality and commercial sectors each represent 15%. Geographically, Mumbai continues to reign as the real estate capital with 42 companies, followed by Bengaluru (23) and New Delhi (16), though a trend towards nationalization is evident with 60% of companies operating beyond their home state and 17 having a global presence.

Market Dynamics and Outlook

Despite an early 2025 period marked by geopolitical tensions and rising input costs, the Indian real estate sector demonstrated remarkable resilience, experiencing a strong rebound between May and June. This recovery was largely propelled by stable interest rates, sustained housing demand across various segments, and the easing of cement prices.

The report also notes a growing emphasis on brand building by Indian developers, moving beyond mere square footage to create aspirational brands through luxury partnerships and lifestyle-centric developments. The recent success of IPOs further underlines growing investor appetite for Indian real estate, with the number of listed companies jumping from 48 to 65 this year.

In conclusion, the “2025 GROHE – HURUN INDIA REAL ESTATE 150” report provides an invaluable snapshot of India’s real estate prowess, celebrating its leaders and outlining the dynamic forces that will continue to shape its trajectory in the coming years.

Also Read: CREDAI-MCHI Launches Exhibition to Streamline Redevelopment in Mumbai

The post He is India’s Wealthiest Real Estate Developer appeared first on Square Feat India.

The biggest fear for any homebuyer in India is that the builder will delay or default. That fear isn’t unfounded—hundreds of projects were delayed or stalled in the last decade due to bad finances, over-leverage, or funding crunches post NBFC crisis and COVID. But this is changing.

Indian real estate is undergoing a silent transformation.

Builders, especially listed ones, have restructured their debt, improved profitability, and regained the trust of banks and investors. What this means for the average homebuyer is simple yet powerful:
Lower risk of delays
More financially sound developers
Better delivery timelines and completion assurance

This report by Colliers India presents strong data-backed evidence that financial discipline is now a defining strength of the sector—and that’s good news for homebuyers.

Credit Confidence: Bank Lending to Real Estate Doubled Since FY21

A key indicator of this transformation is the willingness of banks to lend to the real estate sector again. The loan book for real estate has doubled in four years, growing from ₹17.8 lakh crore in FY 2021 to ₹35.4 lakh crore by FY 2025.

Table 1: Growth in Bank Lending to Real Estate

Source: RBI, Colliers India

Quote:

“The strong financial health of the sector is demonstrated by significantly higher credit rating upgrades and increased exposure from banks. Lenders see real estate as less risky now.”
— Badal Yagnik, CEO, Colliers India

NBFCs Slow, But Not Out

While NBFCs have become cautious since the 2018 crisis, their credit book has still grown in absolute terms.

Table 2: NBFC Lending to Real Estate

Note: Data till September 2024. Includes mid and upper layer NBFCs.

Builders Are Profitable Again — And That Makes Them Safer

The financial discipline isn’t just about debt—it’s about how much profit builders are generating and how much debt they carry.

In FY 2021, only 23% of top 50 listed real estate companies had net profit margins above 10%. By FY 2025, that number had nearly tripled to 62%. Similarly, the share of low-debt companies (debt-to-equity < 0.5) rose from 43% to 62%.

Table 3: Financial Health Metrics – FY 2025 vs FY 2021

Source: Colliers India, based on top 50 listed companies

Quote:

“More than 60% of large real estate players now have a debt-to-equity ratio below 0.5, showing how balance sheets are being cleaned up.”
— Colliers India Report

Credit Ratings Surge: 23:1 Ratio of Upgrades to Downgrades

Perhaps the strongest sign of transformation: credit rating upgrades.

While most sectors have seen a mix of upgrades and downgrades post-COVID, real estate has witnessed a 23:1 ratio of rating upgrades to downgrades in H2 FY 2025 — a signal of revived lender and investor trust.

Table 4: Credit Rating Upgrade/Downgrade Ratio

Source: Leading CRA, Colliers

Real Estate IPO Boom – ₹400 Billion Raised Since 2021

Builders are not just borrowing—they’re also raising money through the equity market. This helps them reduce debt further and increase transparency.

In 2024 alone, 9 real estate IPOs raised ₹138 billion. So far in 2025, 7 IPOs have raised ₹76 billion — showing continued momentum.

Table 5: Real Estate IPO Activity

Note: *Till July 2025

Quote:

“The surge in public listings—across flex spaces, REITs, hospitality, and residential—indicates deepening investor faith in the sector’s long-term fundamentals.”
— Vimal Nadar, Head of Research, Colliers India

What This Means for Homebuyers

More dependable builders — reduced chances of default or delay
Faster project execution due to better cash flow
More options to invest, including via REITs & SM-REITs
Better loan availability, as banks now view real estate as lower risk

What to Watch Out For

Even as the sector matures, homebuyers should be cautious of:

• Interest rate hikes that may affect home loan EMIs
• Unregulated or small developers with poor track records
• Legal clearances and land titles—financial health ≠ regulatory compliance

Conclusion

The Indian real estate sector has emerged as a more disciplined, de-leveraged, and creditworthy industry post-COVID. For homebuyers, this shift means greater trust, lower risk, and wider choice. The message is clear — the sector is safer than it has been in years, but due diligence remains key.

Also Read: FY25 Residential Real Estate Outlook: Demand and Price Growth to Moderate

The post Safer Builders, More Trustworthy Projects: How Financial Discipline is Reshaping Indian Real Estate appeared first on Square Feat India.

The property, situated in the Crest Mukta building, has a built-up area of 7,500 sq. ft., and sits in one of Mumbai’s most active and high-value commercial zones. The lease begins with a monthly rent of ₹3.38 lakh in the first year, escalating to ₹4.11 lakh by the fifth year—amounting to an average annual increase of about 5%.

The lease agreement was registered with stamp duty of ₹57,500 and registration fees of ₹1,000. A security deposit of ₹24.66 lakh was also made by the tenant as part of the deal.

Andheri West remains one of the most prominent commercial and residential hubs in Mumbai, offering excellent connectivity to the Western Express Highway, metro lines, Andheri Railway Station, and Mumbai International Airport. Its mix of premium housing, office spaces, and retail establishments continues to attract top investors and tenants.

This deal adds to Ghai’s growing real estate footprint. In February 2025, Subhash Ghai and his wife Mukta Ghai purchased a ₹24 crore apartment in Bandra West.

Widely regarded as a legendary name in Hindi cinema, Subhash Ghai is known for iconic films such as Karz (1980), Hero (1983), and Ram Lakhan (1989). He also founded Whistling Woods International, a premier film and media institute, in 2006.

Also Read: Subhash Ghai and Wife Mukta Ghai Buy ₹24 Crore Luxury Apartment in Mumbai’s Bandra

The post Subhash Ghai Leases Out Andheri West Commercial Property, to Earn ₹2.24 Crore Over 5 Years appeared first on Square Feat India.

Record-Breaking Growth Near Airports The report indicates that property prices in airport-led micro-markets such as Yamuna Expressway, Panvel Region, North Bengaluru, and South Hyderabad have surged by 69%–90% for apartments between FY 2021 and FY 2025. During the same period, residential plot values in these corridors recorded even steeper growth, rising in the range of 84%–118%.

In comparison, the corresponding city-wide averages for these locations show apartment price growth of 45%–79%, while residential plot prices appreciated by 45%–93%. This clearly demonstrates that areas around airports have become investment hotspots.

Impact in Key Cities The report studies the airport-driven impact on property price trends from FY 2021 to FY 2025 in select key major cities and regions, including Bengaluru, Hyderabad, Navi Mumbai, and Noida & Greater Noida (including Yamuna Expressway). It captures the strong recovery and upcycle in residential markets in the post-pandemic years. The report highlights that property price growth in airport-led corridors has consistently outperformed city-wide averages for both apartments and residential plots.

Key Drivers of Growth Tanuj Shori, CEO & Founder, Square Yards, stated, “Airports are among the most influential enablers of economic growth, urban transformation, and real estate development. In India, cities anchored by major airports, such as Delhi, Mumbai, Bengaluru, and Hyderabad, have demonstrated sustained residential growth, driven by improved connectivity, increase in employment hubs, and large-scale infrastructure investment. This impact is even more visible in micro-markets located near airports.”

Shori further noted that areas like North Bengaluru and South Hyderabad, for example, have consistently recorded stronger property price appreciation than their regional peers. Even greenfield projects like Noida International Airport and Navi Mumbai International Airport are already driving residential activity well before operations begin.

Future Prospects Currently, according to the Airports Authority of India, India has 140 airports handling nearly 412 million passengers annually. In alignment with the national vision of ‘Viksit Bharat’, this figure is expected to rise to 300 airports serving nearly 3 billion passengers annually by 2047. Given these projections, all stakeholders in the residential market have a strategic opportunity to benefit from the next generation of globally connected, future-ready Indian cities.

Average Apartment Property Rates in Select Key Cities (FY25)

Average Residential Plot Property Rates in Select Key Cities (FY25)

Key Findings:

• Bengaluru: Apartment prices in North Bengaluru grew by 69% (Rs. 11,000-13,000 per sq.ft), compared to 48% in the rest of the city (Rs. 13,000-15,000 per sq.ft). For plots, North Bengaluru saw a 118% growth (Rs. 68,000-72,000 per sq.yd), while the rest of Bengaluru grew by 93% (Rs. 80,000-85,000 per sq.yd).
• Hyderabad: Apartment values in South Hyderabad rose by 74% (Rs. 6,000-8,000 per sq.ft), against 48% in other parts of Hyderabad (Rs. 9,000-11,000 per sq.ft). Plot prices in South Hyderabad increased by 84% (Rs. 55,000-60,000 per sq.yd), compared to 59% in the rest of the city (Rs. 75,000-80,000 per sq.yd).
• Navi Mumbai: Apartment prices in the Panvel region increased by 74% (Rs. 10,000-12,000 per sq.ft), while the rest of Navi Mumbai saw a 45% growth (Rs. 19,000-21,000 per sq.ft). Plot rates in Panvel recorded a solid 93% increase (Rs. 80,000-85,000 per sq.yd), whereas other parts of the city grew slower at 58% (Rs. 1,10,000-1,30,000 per sq.yd).
• Noida & Greater Noida: Apartment rates along the Yamuna Expressway corridor saw 90% growth (Rs. 7,000-9,000 per sq.ft), while the rest of Noida grew by 79% (Rs. 9,000-11,000 per sq.ft). Plot values on the Yamuna Expressway increased by 94% (Rs. 65,000-70,000 per sq.yd), compared to a slower pace of 45% in the rest of Noida (Rs. 90,000-1,10,000 per sq.yd).

This report highlights that airports are not just travel hubs but also powerful engines of economic and real estate development in their surrounding areas.

Also Read: Will Second airport boost Goa’s real estate?

The post Airport Micro-Markets See Steepest Property Price Surge appeared first on Square Feat India.

A Strategic Investment in Andheri West

The apartments are located in DLH Enclave, a residential project in Oshiwara, Andheri West. This area is celebrated for its strategic positioning, bridging Mumbai’s crucial business districts and vibrant entertainment zones. Andheri West boasts excellent connectivity through major arteries like the Western Express Highway, Link Road, SV Road, and the Versova-Andheri-Ghatkopar Metro line, making it a highly sought-after location.

Over the years, Andheri West has transformed into a dynamic commercial and residential hub. It features a diverse blend of modern office complexes, co-working spaces, high-end retail outlets, entertainment centers, and premium residential developments. Its robust infrastructure and close proximity to major commercial hubs make it a preferred choice for businesses, high-net-worth individuals, celebrities, and working professionals alike.

Details of the High-Value Acquisition

Property registration documents, reviewed by the online property portal Square Yards on the website of the Inspector General of Registration (IGR) – https://igrmaharashtra.gov.in, reveal the specifics of Dube’s purchase. Both apartments are situated on adjacent floors within the DLH Enclave project.

Cumulatively, the two purchased apartments offer a substantial carpet area of 4,200 sq. ft. (approximately 390 sq. m.). Adding to the expansive living space is a generous terrace with a carpet area of 3,800 sq. ft. (approximately 353 sq. m.). The total built-up area for both apartments combined measures an impressive 892.19 sq. m. (approximately 9,603 sq. ft.).

Transaction Specifics

The acquisition was a primary purchase directly from Dev Land and Housing Limited. The deal includes three dedicated car parking spaces, a significant amenity in a bustling city like Mumbai. The transaction attracted a total stamp duty of ₹1.65 crore and registration charges amounting to ₹30,000, reflecting the substantial value of the property.

Shivam Dube, born on June 25, 1993, has had a remarkable career in cricket, representing Mumbai in domestic cricket and playing a crucial role for the Chennai Super Kings. He made his international debut for India in November 2019 and was a vital part of the squad that secured the 2024 T20 World Cup, further cementing his status as a prominent figure in Indian cricket. This latest property investment marks another significant milestone for the accomplished cricketer.

Also Read: Zaheer Khan, Sagarika Ghatge, and Shivjeet Ghatge Purchase Luxury Apartment in Mumbai for Rs 11 Crore

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