Browsing Tag
South Mumbai
12 posts
Mumbai Redevelopment to Unlock 44,000+ Homes Worth ₹1.3 Trillion by 2030
Mumbai’s housing landscape is set for a major transformation with over 44,000 homes worth ₹1.3 trillion expected through society redevelopment by 2030. Suburban corridors lead with 96% of deals, while the state government eyes over ₹20,800 crore in revenue.
Govt Seizes, Accused Sells: How ED-Attached Iqbal Mirchi Property Was Illegally Demolished & Sold While Authorities Looked Away
A property once linked to underworld figure Iqbal Mirchi and attached by the ED under PMLA was shockingly demolished and sold off by a private party for ₹15 crore — right under the nose of enforcement agencies. An FIR filed this week reveals the full extent of the illegal sale, exposing glaring failures by the ED and Mumbai Police in safeguarding a high-profile, government-controlled asset.
Historic Laxmi Nivas Bungalow in Malabar Hill Sold for ₹276 Crore
Mumbai’s luxury real estate market has witnessed another landmark deal with the sale of Laxmi Nivas, a historic bungalow on Nepean Sea Road, for ₹276 crore. The iconic property, which once served as a hideout for freedom fighters during the Quit India Movement, has been acquired by Vageshwari Properties Private Limited, an entity linked to Reliance’s Nikhil Meswani. With a prime location, sea views, and redevelopment potential of 45,000 sq. ft., this sale highlights the growing demand for South Mumbai’s ultra-premium real estate.