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real estate news

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MahaRERA

MahaRERA Redefines Criteria for SROs to Benefit Developers Outside MMR

MahaRERA has announced a change to its criteria for forming Self Regulatory Organisations (SROs), reducing the minimum project requirement from 500 to 200 for developers outside the Mumbai Metropolitan Region (MMR). This reform aims to provide more accessible regulatory guidance, helping developers streamline project registrations, renewals, and compliance processes across Maharashtra.
Nama Xana, Worli

Sun Pharma’s Vibha Sanghvi Purchases Properties Worth Rs 130 Crore in One Month

Vibha D Sanghvi, a prominent figure from Sun Pharma, purchased two high-value properties worth Rs 130 crore in Mumbai’s Worli area within a month. The two luxury apartments, each valued at Rs 65 crore, were registered in November and December 2024. The properties include premium amenities such as ample parking spaces and expansive living areas. Sanghvi, a female buyer, availed a 1 percent stamp duty concession on both deals, with a total stamp duty of Rs 6.50 crore paid for the transactions.
Suraj Estate Developers acquires a vacant land parcel at Senapati Bapat Marg, Mahim West

TVS Emerald Acquires 12-Acre Land Parcel on Pallavaram-Thoraipakkam Road in One of Chennai’s Largest Real Estate Deals

TVS Emerald has acquired a 12-acre land parcel on Pallavaram-Thoraipakkam Road in Chennai, with plans to develop 2.5 million sq. ft. of residential space. The acquisition, one of the largest in the city in recent years, will generate an estimated revenue of INR 2800 crore and marks TVS Emerald’s continued growth in Chennai’s real estate market.
Nama Xana, Worli

Barnsley FC Chairman Neerav Parekh and Mother Kalpana Parekh Buy Luxury Flats in Mumbai for ₹170 Crore

Barnsley FC chairman Neerav Parekh and his mother Kalpana Parekh have acquired two luxury flats in Mumbai’s Naman Xana for ₹170 crore. The properties, purchased from Karpe Estate Private Limited and Shri Naman Residency Private Limited, boast impressive areas, premium amenities, and significant stamp duty payments.

K Raheja Corp Acquires Bayside Mall and Popular Press Building in South Mumbai for ₹355 Crore

K Raheja Corp has secured two prime properties in South Mumbai, acquiring Bayside Mall and Popular Press Building for ₹355 crore. The deal, completed through Ivory Property Trust, marks the company’s second mall acquisition in the region this year, continuing its expansion in Mumbai’s competitive real estate market.