Govt to Allow Conversion of Leasehold Land to Freehold at 25% Above Ready Reckoner Rate

The Maharashtra government has issued a final notification allowing leasehold and Occupancy Class II lands to be converted to freehold upon payment of a premium of up to 25% of the Ready Reckoner rate. The revised premium rates, applicable until December 31, 2025, aim to grant full ownership rights to individuals, housing societies, and industries.

Ekta Kapoor Leases Luxury Juhu Apartment for ₹3.16 Lakh Per Month

Mumbai’s leading TV and film producer, Ekta Kapoor, has leased out her upscale Juhu apartment for ₹3,16,283 per month. The deal, registered on January 31, 2025, highlights the continued demand for premium real estate in the city. The 1,385 sq. ft. property, located at Krishna 2 (Ekta House), Juhu, has been rented out to businessman Rohit Goyal, further solidifying Juhu’s status as a prime celebrity hub.

Juhu Home Sold for ₹1.08 Lakh per Sq Ft

Juhu has witnessed a landmark real estate deal with a 9,863-square-foot luxury apartment selling at an unprecedented ₹1.08 lakh per square foot, bringing the total transaction value to ₹106.52 crore. The buyer, Sahastraa Advisors Pvt. Ltd., led by Paresh Shah and Avni Shah, acquired the unit in Lodha Avalon, an upcoming ultra-luxury project by Macrotech Developers. The MahaRERA completion date for the project is set for September 2028. This sale marks a new benchmark in Mumbai’s high-end real estate market.

Bollywood Actress Amrita Singh Buys ₹18 Crore Apartment in Juhu

Bollywood actress Amrita Singh has purchased a luxury apartment in Juhu for Rs. 18 crore. The property, located in Peninsula building, spans 2,712.9 sq. ft. and includes three parking spaces.

Google India and Google Cloud Renew Office Leases in Mumbai’s BKC at a Combined ₹4.79 Crore Per Month

Google India and Google Cloud have renewed their office leases at the First International Financial Center (FIFC) in Mumbai’s BKC. Google India will pay ₹3.55 crore per month for 1,10,980 sq. ft., while Google Cloud’s lease for 38,678 sq. ft. is set at ₹1.24 crore per month. Both leases, registered in February 2025, include a five-year term with a 15% rent escalation clause after 36 months.