According to the registered sale deed accessed by SquareFeatIndia, the transaction was formalised on 9 September 2025. The document records Raheja Universal as the purchaser, while HDFC Bank Ltd. is shown as the seller.

Deal Value and Stamp Duty

The sale deed notes the consideration value of ₹211 crore for the transfer of the property. It also confirms the payment of ₹12.66 crore as stamp duty along with registration charges at the time of execution.

Property Details

Raheja Centre Point is a commercial building situated on C.S.T. Road, Kalina, Santacruz (East), Mumbai. The document describes the premises as comprising office spaces within the multi-storey complex. Publicly available property listings indicate a total built-up area in the range of 49,000–66,500 sq ft, spread across multiple floors including basements, upper levels, and terraces.

Counterparty and Background

With this transaction, Raheja Universal has regained ownership of a building that earlier served as part of its commercial portfolio. The sale deed accessed by SquareFeatIndia confirms the transfer of rights back from HDFC Bank Ltd. to the developer.

Market observers say Kalina’s proximity to the Bandra-Kurla Complex (BKC) has made it a sought-after commercial hub, drawing both investors and occupiers seeking cost-effective alternatives to BKC’s premium rentals.

Also Read: Raheja Universal Achieves Staggering ₹1,726 Crore Sales Milestone at Solaris, Navi Mumbai

The post Raheja Universal Reacquires Raheja Centre Point, Kalina for ₹211 Crore appeared first on Square Feat India.

Comparison with February 2024

In February 2024, Mumbai recorded 12,055 property registrations with stamp duty revenue of ₹885 crore. February 2025’s numbers reflect an almost flat performance in transaction volume—with an increase of only 11 registrations—but a noticeable revenue boost of ₹50 crore, or about 5.7%. This suggests that while the number of transactions remained relatively stable year-on-year, the average value per transaction appears to have increased.

The downward trend becomes even more apparent when comparing February 2025 with January 2025 figures. In January 2025, Mumbai recorded 12,249 registrations that generated ₹994 crore in revenue. This represents a drop of 577 registrations (around 4.7%) and a significant reduction of ₹87 crore (approximately 8.7%) in revenue from January to February. Looking back further, December 2024 saw 12,418 registrations and ₹1,134 crore in revenue, meaning February 2025 experienced 746 fewer registrations (a decline of about 6%) and a substantial revenue decrease of ₹227 crore (roughly 20%) compared to December.

These figures suggest that while there is a slight increase in stamp duty revenue in February 2025 compared to the previous year, the overall reduction in the number of property registrations points to a cooling market. The trend may indicate market uncertainty or changing buyer behavior, with fewer transactions closing even as individual deals may be of higher value.

Market analysts will be closely monitoring future data to determine if this represents a temporary dip or the beginning of a longer-term adjustment in Mumbai’s property sector.

Also Read: Mumbai property registrations dips in July 2023

The post MUMBAI PROPERTY REGISTRATIONS FALL IN FEBRUARY 2025 AMID MARKET SLOWDOWN appeared first on Square Feat India.

According to registration documents available with SquareFeatIndia, the 12 apartments are located in a sea-facing building next to Champagne House, which the Kotaks had previously acquired in 2018 for ₹385 crore from the Chougle family, the former owners of the now-defunct wine-making company, Indage Vintners.

The apartments in Shiv Sagar range in size from 173 sq ft to 1,396 sq ft. The total area acquired by the Kotak family measures 7,148 sq ft, for which they paid ₹201.88 crore, bringing the per sq ft rate to ₹2.72 lakh. The stamp duty paid for the registration of these 12 apartments amounts to ₹12.11 crore.

According to sources familiar with the deal, the building comprises a total of 24 apartments, and the Kotaks are looking to acquire all of them. With 12 already in their possession, their plans for the remaining units remain to be seen.

Once all the apartments are bought the entire building will cost around ₹400 crore to the Kotak family.

Meanwhile, at the site of Champagne House, a grand palatial home is under construction for the family. What the Kotaks plan to do with their latest acquisition is yet to unfold.

Also Read: With 57% Value Share, CRE Dominates PE Deals in FY24 

The post Uday Kotak, Family Buys 12 Properties in Worli Building for a Record ₹2.72 Lakh PSF appeared first on Square Feat India.

The luxurious property, located in The Atlantis residential project by Crystal Group, spans a built-up area of 529.94 sq. m (approximately 5,704 sq. ft) with a carpet area of 5,185.62 sq. ft. It also includes a terrace measuring 445.93 sq. m (around 4,800 sq. ft) and six mechanized car parking spaces. The Atlantis is a high-end development in Oshiwara, a bustling western Mumbai neighborhood known for its connectivity and proximity to the Lokhandwala Complex.

Bachchan originally purchased the property in April 2021 for Rs. 31 crore, achieving a remarkable 168% appreciation in value over four years. The property was also leased to actress Kriti Sanon in November 2021 at a monthly rent of Rs. 10 lakh and a security deposit of Rs. 60 lakh.

Amitabh Bachchan, often referred to as the “Shahenshah of Bollywood,” has been a towering figure in Indian cinema for over five decades. With acclaimed performances in iconic films such as Sholay, Deewar, and Piku, he has won numerous accolades, including four National Film Awards, the Dadasaheb Phalke Award, and multiple Filmfare trophies. He has also been honored with the Padma Shri, Padma Bhushan, and Padma Vibhushan for his contributions to Indian cinema.

This high-value transaction underscores the continued demand for premium properties in Mumbai’s real estate market, especially in sought-after locations like Oshiwara.

Also Read: Abhishek Bachchan sells Worli Flat for Rs 45.75 crore

The post Amitabh Bachchan Sells Duplex Apartment in Mumbai for Rs. 83 Crore appeared first on Square Feat India.

Details of the First Apartment:
The first flat, costing ₹105 crore, is a duplex (Flats No. 23 and 24) located on the 23rd and 24th floors of Naman Xana, Dr. Abdul Gaffar Khan Road, Worli, Mumbai. The total area of the apartment is 856 sq. m. as per RERA carpet area, with an additional 114 sq. m. for the balcony. This gives a combined total of 970 sq. m. RERA carpet area. The apartment also comes with six parking spaces: three located on the 10th-floor podium, one on the first-floor podium, and two in the second basement.

Details of the Second Apartment:
The second flat, which Kalpana Parekh bought for ₹65 crore, is located on the 22nd floor of Naman Xana, in the same area. This flat has a total area of 540 sq. m. of RERA carpet space, with an additional 60 sq. m. for the balcony, making the total area 600 sq. m. RERA carpet. Kalpana received a 1% concession on stamp duty due to the flat being purchased by a woman. The flat includes four parking spaces: two in the 10th-floor podium, one on the first-floor podium, and one in the second basement.

Registration and Stamp Duty:
The registration process for the flats took place on December 5 and 7, respectively. Stamp duties of ₹6.30 crore and ₹3.25 crore were paid for each flat’s registration.

The documents for the property transactions were accessed by SquareFeatIndia from the office of the Inspector General of Registration (IGR), Maharashtra, which handles the registration and stamp duty collection for home sales.

Also Read: home sales in mumbai

The post Barnsley FC Chairman Neerav Parekh and Mother Kalpana Parekh Buy Luxury Flats in Mumbai for ₹170 Crore appeared first on Square Feat India.

Looking ahead, Blox is set to grow its GTV fivefold to $10 billion over the next 3-5 years, aligning with the rapid expansion of India’s real estate market, which is projected to exceed $1 trillion by 2030. As India’s first platform to combine Direct-to-Consumer (D2C) and Business-to-Business-to-Consumer (B2B2C) models, Blox is positioned to transform the way developers, brokers, and buyers interact in the real estate space.

A New Standard: India’s First Fully Integrated D2C and Broker-Led B2B2C Ecosystem

Founded in 2020 by Aditya Jhaveri and Shivani Karia Jhaveri, Blox is India’s only platform that allows homebuyers to purchase properties entirely online. Supported by $35 million in funding from prominent investors like Kunal Shah (founder of CRED) and Justin Mateen (co-founder of Tinder), Blox combines advanced AI with a broker-led B2B2C approach to deliver a seamless real estate experience.

This hybrid model, unique to Blox, integrates brokers directly into the platform, while maintaining a smooth, D2C experience for buyers by listing and subsequently selling inventory directly from developer to the buyers. As India’s first platform to support both D2C and broker-led sales, Blox provides developers with a powerful dual-pathway distribution system that elevates market access and expands their reach to both individual buyers and large broker networks.

Guardians: A Market Leader in Mumbai’s Real Estate

Founded in 2016, Guardians has transformed Mumbai’s real estate landscape with 174 project launches, 23,000 units sold, and a total sales turnover of $5.54 billion. Guardians has developed strong relationships with 86 developers and a network of 18,168 channel partners, making it a dominant force in the market. By partnering with Guardians, Blox accelerates its ability to reshape the real estate transaction process and expand its distribution capabilities at scale.

AI-Driven Efficiency and Scale

Blox’s AI-powered platform enhances the buying journey with predictive analytics, dynamic pricing models, and tailored property recommendations. Integrating these features with Guardians’ vast broker network, Blox enables fast, efficient, and transparent transactions for developers, brokers, and buyers. This tech-driven approach uniquely equips Blox to handle both D2C and broker-driven B2B2C transactions, setting a new operational standard for India’s real estate sector.

Strategic Restructuring for Growth and IPO Potential

To enhance its focus on technology-driven growth, Blox is carving out its real estate development and management assets into a separate entity, streamlining operations to support sustained growth. With a projected EBITDA profitability of 20-30%, Blox is poised to capture significant investor interest, paving the way for a potential IPO as it leads India’s digital real estate transformation.

CEO’s Vision: Bridging Technology and Traditional Brokerage for Maximum Impact

“Our vision at Blox is to transform the Indian real estate market by creating a seamless, transparent experience that brings value to buyers, brokers, and developers alike,” said Aditya Jhaveri, Founder and CEO of Blox. “By integrating Guardians, we’re not only enhancing the homebuying process but also establishing India’s first platform capable of supporting both D2C and broker-led B2B2C sales. This dual-pathway model is a game-changer for India’s real estate sector, offering developers unprecedented reach and flexibility.”

Jayesh Rathod, Director of Guardians, added: “Our partnership with Blox is set to reshape the real estate market in India. By combining Guardians’ market expertise and with Blox’s technology, we’re setting a new benchmark for transparency, efficiency, and service.”

With an eye on scaling to $10 billion GTV over the next 3-5 years, Blox is strategically positioned to capture investor interest as it redefines India’s residential real estate market and approaches a public listing.

Also Read: Main Streets Lead Retail Leasing Growth in Q3 2024; Rentals Surge Amid Tightening Vacancies

The post Blox Acquires Strategic Stake in Guardians, appeared first on Square Feat India.

In terms of sales value, Hyderabad’s residential market performed even more strongly, with a remarkable 20% year-on-year surge in total registered sales value, which reached Rs. 11,718 crore during the quarter. The average home sales price also saw a 13% increase, reaching Rs. 60 lakh per unit, signaling a growing preference for mid-to-high priced properties.

Market Overview – July-September 2024

• Registered Residential Transactions: 19,527 units (7% YoY growth)
• Total Sales Value (GTV): Rs. 11,718 crore (20% YoY growth)
• Average Sales Value: Rs. 60 lakh (13% YoY growth)

Despite a slight quarter-on-quarter dip, the city’s housing market remains robust, buoyed by Hyderabad’s thriving IT sector and a steady influx of working professionals. Debayan Bhattacharya, Principal Partner and Sales Director at Square Yards, commented, “The strong performance in Hyderabad’s residential market is being driven by the growing demand for well-connected properties. Areas like Gachibowli, Madhapur, Kokapet, and Narsingi, which are well-served by the Outer Ring Road (ORR) and proximity to key IT hubs, have become increasingly popular among homebuyers.”

Leading Developers and Key Projects
Aparna Constructions and Estates continues to lead Hyderabad’s residential market, recording the highest number of transactions with 625 units sold for a total value of Rs. 510 crore. Prestige Group secured the second spot, achieving a sales value of Rs. 334 crore from 214 transactions. Other notable developers in the top 10 include Honer Developers, K Raheja Corp, and Brigade Group.

The growth in demand is particularly evident in projects that offer excellent connectivity, with Aparna Zenon in Khajaguda and Prestige Tranquil in Kokapet being standout performers. These projects have become highly sought after, driving both transaction volume and sales value.

Top Developers by Sales Value (July-September 2024)

1. Aparna Constructions and Estates – Rs. 510 crore
2. Prestige Group – Rs. 334 crore
3. Honer Developers – Rs. 158 crore
4. Koncept Ambience Group – Rs. 135 crore
5. K Raheja Corp – Rs. 130 crore

Growth in Premium Segment and Larger Homes
Hyderabad’s housing market is witnessing significant growth in the premium segment, with homes priced above Rs. 1 crore now accounting for 13% of total transactions, up from 9% last year. The demand for larger homes is also on the rise, with properties between 1,500 and 3,000 sq. ft. representing 37% of all transactions, compared to 31% in the same quarter last year.

The city’s homebuyers are increasingly gravitating towards larger apartments, with 44% of all transactions involving homes between 1,000–1,500 sq. ft. As the demand for 3 BHK and larger configurations continues to rise, developers are focusing on delivering spacious homes to meet these preferences.

Performance by Micro-Markets
The Western suburbs of Hyderabad continue to be the most active region, accounting for 45% of all transactions in the July-September quarter. This area, which includes prominent localities like HITEC City, Kokapet, and Narsingi, also recorded the highest average transaction value at Rs. 76 lakh. The excellent connectivity provided by the Nehru Outer Ring Road (ORR) has played a key role in driving demand in these regions.

The Eastern and Central suburbs followed with smaller shares of 17% and 11% respectively in terms of transactions. However, areas in the West have outperformed in sales value, accounting for 56% of total home sales during the quarter.

Top Localities by Transactions

• Kokapet: Highest average sales value of Rs. 1.20 crore, driven by premium projects like Prestige Tranquil
• Narsingi and Puppalguda: Continued strong demand due to excellent connectivity to IT hubs and the airport

Conclusion: Positive Outlook for Hyderabad’s Residential Market
The growth in Hyderabad’s residential real estate market, particularly in the premium and mid-range segments, reflects a strong, sustained demand for well-located properties. The city’s expanding IT and commercial infrastructure, coupled with the development of new residential hubs along the ORR, positions Hyderabad as one of India’s most attractive property markets. As more developers focus on large-scale projects in these emerging areas, the city’s housing market is expected to remain on an upward trajectory in the coming quarters.

Key Insights

• Strong demand for well-connected properties, especially near the Outer Ring Road (ORR)
• Growth in premium housing, with homes priced over Rs. 1 crore gaining market share
• Western suburbs dominate both in terms of transactions and sales value, driven by infrastructure development and proximity to IT hubs
• Leading developers like Aparna Constructions, Prestige Group, and Brigade Group continue to shape the market’s growth

With sustained investment in infrastructure and a booming tech sector, Hyderabad’s residential market is poised to continue its strong performance in the near future.

Also Read: Top Cities Experience Soaring Residential Prices, with Bengaluru and Hyderabad Leading the Charge

The post Hyderabad’s Residential Market Sees Strong Growth: 7% Increase in Transactions and 20% Surge in Sales Value for July-September 2024 appeared first on Square Feat India.

The move follows an earlier directive that called for the inclusion of specific details in the proforma of the allotment letter and the Second Schedule of the sale agreement. The regulation specifies:

“In case the transaction being executed by this agreement between the promoter and the allottee is facilitated by a Registered Real Estate Agent, all amounts (including taxes) agreed as payable remuneration/fees/charges for services/commission/brokerage to the said Registered Real Estate Agent shall be paid by the Promoter/allottee/both, as the case may be, in accordance with the agreed terms of payment.”

This inclusion not only secures timely payments but also minimizes disputes regarding commission, ensuring that all parties are clear on their financial obligations.

This initiative is the result of sustained advocacy by NAR-India’s Agent Self-Regulatory Organization, which sought to acknowledge the critical role of agents in the real estate market. The appointment of Mr. Manoj Saunik as MahaRERA Chairman has further accelerated the reform process, bringing much-needed changes to the industry.

Key Benefits of the New Regulation:

• Transparent Brokerage Documentation: Ensures timely payments and reduces conflicts over commissions.
• Enhanced Professional Recognition: Strengthens trust between agents and clients by formally acknowledging agents’ roles.
• Stronger Legal Framework: Provides a solid basis for agents to assert their rights.
• Greater Promoter Accountability: Encourages ethical practices by ensuring promoters honor their commitments.
• Encouragement for Professional Development: Recognizes agents’ expertise, promoting continuous improvement in skills.

Pramod Vyas, Vice-Chairman of RERA, NAR-India, highlighted the importance of this decision, stating, “This landmark decision reinforces the significance of real estate agents in Maharashtra, paving the way for a more equitable and professional industry.”

As this regulation takes effect, stakeholders in Maharashtra’s real estate market anticipate a new era characterized by enhanced professionalism, accountability, and transparency, ultimately benefiting both buyers and agents alike.

Also Read: MahaRERA’s Conciliation Forum Redresses 1,749 Complaints

The post Real Estate Agent Brokerage to Be Mentioned in Sale Agreement appeared first on Square Feat India.

The bungalow, located in Bandra’s Pali Hill, was the subject of controversy during the MVA rule four years ago when the BMC demolished parts of the property due to alleged structural violations. Despite the setbacks, the actress has significantly benefited from the sale.

The property details include a built-up area of 3,075 sq ft with an additional 565 sq ft allocated for parking. The stamp duty for the registration amounted to ₹1.92 crore.

Also Read: Bollywood Actor and BJP MP Kangana Ranaut Acquires Office Space in Mumbai

The buyer is Shweta Bathija, a partner at Kamalini Holdings based in Coimbatore, Tamil Nadu.

The post Kangana Ranaut Sells Bandra Bungalow for ₹32 Crore, Earning ₹12 Crore Profit appeared first on Square Feat India.

Dubai’s residential market is on a remarkable upward trajectory, fuelled by the global surge in demand for luxury real estate post-pandemic. According to the latest data from Square Yards, the Dubai Land Department registered a staggering 32,109 transactions in the April-June 2024 period, marking a 32% increase compared to the same period last year. The total sales value reached AED 63 billion, reflecting a robust 23% growth year-on-year.

The growth is not just annual; the market has shown impressive sequential gains from January-March 2024, with the number of transactions and sales value rising by 17% each. This double-digit growth indicates a sustained upward momentum in the market.

*Includes both primary and secondary residential registered transactions.

Source: Dubai Land Department, SquareYards.com

A notable trend in Dubai’s real estate market is the surge in transactions for properties priced between AED 1–2 million, now comprising 33% of total transactions, up from 27% last year. This shift highlights the growing demand for mid-range properties. Additionally, properties within the 500–1,000 sq.ft. range continue to dominate, representing 41% of all transactions. This indicates a strong preference for compact yet premium living spaces among buyers.

*Includes both primary and secondary residential registered transactions.

Source: Dubai Land Department, SquareYards.com

Rabiah Shaikh, Chief Business Officer & Principal Partner – Global Markets, Square Yards said, “Dubai’s property markets continue to thrive despite global uncertainties and the unfortunate floods in April. The swift government intervention and developers’ efforts to provide free repairs for affected properties have reinforced market resilience and stability. Our data shows that both registered transactions and sales values are growing steadily in healthy double digits as Dubai maintains a stronghold as a premier global luxury destination. Ultra-High-Net-Worth Individuals (UHNIs) and High-Net-Worth Individuals (HNWIs) continue to invest in luxury projects for both investment and personal use in popular central areas. The surge in demand combined with limited availability in these prime locations has significantly pushed up property prices.”

Shaikh further added, “Beyond the ultra-wealthy, initiatives like the extension Golden Visa are drawing many professionals to Dubai. The steady increase in relatively affordable projects across peripheral micro-markets provides a variety of options for these individuals, offering a more cost-effective alternative to the significantly more expensive central areas.”

Micro Market Performance

Jumeirah and Dubailand led the way in residential activity, together accounting for 43% of total registered home transactions in the June quarter. In terms of sales value, Dubailand and The Palm Jumeirah dominated with a combined 32% share, followed by Jumeirah and Sheikh Zayed Road, each holding a 13% share. In case of average registered home sales values, Dubai Islands (Deira Island) and The Palm Jumeirah are at the forefront, with AED 4.78 million and AED 4.38 million, respectively.

*Includes both primary and secondary residential registered transactions.

Source: Dubai Land Department, SquareYards.com

Locality-level insights reveal that Jumeirah Village Circle (JVC) leads the market with 3,637 registered transactions, followed by Al Merkadh with 2,432 transactions. In terms of sales value, Business Bay takes the top spot with AED 4,475 million worth of homes sold during the quarter. Za’abeel and Dubai Marina also made substantial contributions to the overall sales value.

Market Leaders and Key Projects

Emaar Properties and Sobha Realty continued their market dominance in both transaction numbers and sales value for the April-June 2024 quarter. Sobha One in Ras Al Khor Industrial Area emerged as the top project in terms of transactions and sales value, closely followed by Emaar’s Address Residences on Sheikh Zayed Road.

*Includes primary and secondary residential registered transactions.

Source: Dubai Land Department,

The June 2024 quarter highlights the resilience of Dubai’s property market, which has adeptly navigated recent floods and broader global economic uncertainties. The luxury sector remains a stronghold of robust demand, showing no signs of slowing down. Amidst a backdrop of limited supply, the market for high-end properties is poised for sustained demand and price growth. Additionally, the increase in new projects in mid-segment price points across peripheral micro-markets presents attractive options for end-users and working professionals relocating to Dubai.

Also Read: Mumbai Banega Dubai

The post Dubai’s property market grows in double-digits – Transactions up by 32%; Sales Value rises by 23% in June quarter appeared first on Square Feat India.