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real estate news

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Akshay Kumar

Akshay Kumar Sells Two Apartments in Mumbai for ₹6.6 Crore

Bollywood star Akshay Kumar has made a profitable real estate move, selling two apartments in Oberoi Sky City, Borivali, Mumbai, for ₹6.6 crore. The properties, purchased in 2017, saw an appreciation of nearly 90 percent, reflecting the strong demand for luxury homes in Mumbai’s growing suburban market. This transaction also highlights the increasing interest of Bollywood celebrities in premium real estate investments. Read more about the details of the sale and the booming property trends in Mumbai.
Kolkata’s property market is on the rise. Home registrations jumped 33% in July 2025, with compact flats under 500 sq. ft. driving more than half of sales. South Kolkata led with the highest share, while Rajarhat and Khardaha topped the list of most active locations.

Ajmera Realty Secures Redevelopment Project in Andheri West, Targets ₹320 Crore Revenue

Ajmera Realty has been appointed to redevelop the Ascot Co-operative Housing Society in Andheri West, Mumbai. The project, spanning 2,319 sq. mt., is expected to generate ₹320 crore in revenue and add 71,300 sq. ft. of carpet area. This redevelopment aligns with the company’s focus on strategic asset-light acquisitions and strengthening its presence in Mumbai’s micro-markets.
MahaRERA

MahaRERA Dismisses Complaint Against Developer Over Redevelopment Dispute

MahaRERA has dismissed a complaint filed by Manish Rajput against Rajhans Realtors over a delayed redevelopment project, citing lack of jurisdiction. The complainant alleged non-payment of rent, reduction in allotted flat area, and project delays, but MahaRERA ruled that redevelopment projects do not qualify as real estate sales under RERA, directing the matter to civil court.
Akshay Kumar

Akshay Kumar Sells Mumbai Apartment for Rs. 4.35 Crore, Earns 84% Profit Over Seven Years

Bollywood star Akshay Kumar has sold his apartment in Oberoi Sky City, Borivali East, for Rs. 4.35 crore. The 1,073 sq. ft. unit, purchased in 2017 for Rs. 2.37 crore, saw an 84% appreciation in value. This marks his second recent sale in the same building, following a Rs. 4.25 crore transaction in January 2025.
Mumbai Metropolitan Region topped India's land deals in 2025 with 32 transactions for over 500 acres, driving national total to 3,772+ acres amid strong demand for residential, mixed-use, industrial and data centre projects – per ANAROCK Research.

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.