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real estate news

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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.
India's real estate sector witnessed record land acquisitions worth ₹39,742 crore in 2024

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 has leased her luxury Juhu apartment for ₹3.16 lakh per month

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.
A luxury apartment in Juhu's Lodha Avalon project was sold for a record ₹1.08 lakh per square foot, highlighting Mumbai's booming high-end real estate market.

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.