Market News
Mumbai real estate, curated. Article dates shown honestly — some stories are archival.
Mumbai: Commercial tower surfaces in DRP plan for Mulund salt pans
A new commercial tower has been proposed in the development plan for the Mulund salt pan lands, indicating a shift towards intended commercial use of these ecologically sensitive areas. This…
MHADA starts allotment of 827 rehab units in Worli BDD Chawl...
The Maharashtra Housing and Area Development Authority (MHADA) has initiated the allotment of 827 rehabilitation units in the Worli BDD Chawl redevelopment project. This development marks a…
MHADA reviews progress of housing projects in Kalyan taluka
The Maharashtra Housing and Area Development Authority (MHADA) has recently conducted a review of its housing projects in Kalyan taluka. This review focuses on assessing the construction status and…
Prestige Estates Projects' net profit rises 111.61% to ₹1,305.4...
Prestige Estates Projects has reported a significant increase in its net profit, achieving a remarkable 111.61% rise to ₹1,305.4 crore for the 2025-26 financial year. This performance marks one of…
ICICI Prudential AMC buys Mumbai's VIOS Tower office for ₹525 crore
ICICI Prudential Asset Management Company (AMC) has made a significant investment in Mumbai's commercial real estate market by acquiring office space in the VIOS Tower for over ₹525 crore. This…
Adani, Reliance, Lodha, JSW bid for 206-acre Mumbai redevelopment...
Several major developers have entered the competitive landscape of Mumbai's real estate by submitting bids for significant redevelopment projects led by the Maharashtra Housing and Area Development…
NeoLiv acquires 76 acres land in Maharashtra's Khopoli for plotted...
NeoLiv has made a significant move by acquiring 76 acres of land in Khopoli, Maharashtra, aimed at developing a plotted residential project. This acquisition marks the company's entry into the…
CIDCO invites bids for phase-I of 925-acre Navi Mumbai logistics park
CIDCO has initiated the bidding process for the first phase of its ambitious 925-acre integrated logistics park in Navi Mumbai. This phase involves the leasing of nearly 174 acres across a dozen…
Maharashtra approves handover of three plots for Mula-Mutha...
The Maharashtra government has recently approved the handover of three plots essential for the Mula-Mutha river project. This decision facilitates the necessary land acquisition for the riverfront…
Godrej family buys two apartments in Mumbai's Worli for ₹294 crore
In a significant development in Mumbai's luxury real estate market, a member of the Godrej family has acquired two sea-facing apartments in Worli for a total of ₹294 crore. This transaction ranks…
NABARD buys leasehold rights for commercial complex in Mumbai from...
NABARD has recently acquired the leasehold rights for a commercial complex in Mumbai, marking a significant expansion of its real estate presence in the city. This acquisition allows the development…
Experts, homebuyers welcome replacement of jail term provision in...
The recent amendment to housing law, which replaces the provision for jail terms with monetary penalties, has been positively received by both experts and homebuyers. This change is viewed as a more…
MMRDA receives three bids to prepare Mumbai metro 14 DPR
The Mumbai Metropolitan Region Development Authority (MMRDA) has received three bids for preparing the detailed project report (DPR) for the proposed Mumbai Metro Line 14. This line is set to connect…
NSE inks 80-year lease with MMRDA for 2.7-acre BKC land for ₹1,684...
The National Stock Exchange (NSE) has secured an 80-year lease for 2.7 acres of land in the Bandra-Kurla Complex (BKC), a key business district in Mumbai. This significant transaction involves a…
Maharashtra to digitise registration records from 1865; nearly 30...
Maharashtra is embarking on a significant initiative to digitise property registration records that date back to 1865. This ambitious project aims to convert nearly 30 crore documents into searchable…
Civic body proposes township over 69 acres in Airoli, Navi Mumbai
A civic body has put forth a proposal to develop a township over 69 acres in Airoli, Navi Mumbai. This initiative is aimed at creating a well-planned residential and mixed-use development on this…
Maharashtra govt to move SC against Bombay HC order on 254 acre...
The Maharashtra government is set to challenge a recent Bombay High Court ruling regarding a significant 254 acres of land by appealing to the Supreme Court. This move indicates the government's…
Maharashtra to introduce property cards with valuation for all...
The Maharashtra government is set to introduce property cards that will include valuation details for all properties across the state. This initiative aims to enhance the existing system of property…
Fresh 39A proposals seek conversion of over 25,000 sq meters in...
Recent proposals under the 39A provision are aiming to convert over 25,000 square metres of land in Mumbai, highlighting a renewed interest in development for these specific parcels. This move…
SRA scraps 181 of 228 government joint venture projects in Mumbai
The Slum Rehabilitation Authority (SRA) has made a significant decision to scrap 181 out of 228 slum redevelopment projects that were planned under a government joint-venture model in Mumbai. This…
Oberoi Realty net profit rises by 12.67% to ₹2,507.43 crore in FY26
Oberoi Realty has reported a significant increase in its annual net profit for the financial year 2025-26, marking a notable achievement in the company's history. The net profit rose by 12.67% to…
Arisinfra subsidiary secures ₹650 crore DaaS contract for Wadhwa's...
An Arisinfra subsidiary has secured a ₹650 crore Drywall-as-a-Service (DaaS) contract for a project by Wadhwa, marking a significant development in the construction materials and services sector…
Landowners & builders equally accountable for project delay:...
A recent ruling has established that both landowners and developers share equal accountability for delays in real estate projects. This decision expands the scope of liability, ensuring that…
Vertical property cards proposal back with Maharashtra government;...
A proposal to introduce vertical property cards has resurfaced in discussions with the Maharashtra government. This initiative aims to establish a clear, floor-wise record of ownership for…
MHADA issues letter of acceptance to consortium for 33-acre...
The Maharashtra Housing and Area Development Authority (MHADA) has taken a significant step in the development of affordable housing by issuing a letter of acceptance to a consortium selected for a…
Indiabulls Real Estate case: Four entities pay ₹10.5 crore to Sebi...
Four entities associated with the Indiabulls Real Estate case have collectively paid ₹10.5 crore to the Securities and Exchange Board of India (SEBI) to settle ongoing proceedings. This payment…
Be realistic in your advertisements: RERA officials to real estate...
The real estate regulator has issued a directive aimed at ensuring that developers maintain realistic standards in their advertising practices. This advisory is particularly focused on preventing…
Housing societies in Mumbai can expand leisure facilities free of FSI
Housing societies in Mumbai have received a significant boost with a new provision that allows them to expand their leisure and recreational facilities without these expansions counting against their…
Mahindra Lifespaces and Sattva Group launch residential projects...
Mahindra Lifespaces and the Sattva Group have recently launched new residential projects, marking a significant expansion of their housing offerings. This move comes in response to sustained buyer…
McKinsey renews lease for 35,520 sq ft office space in Mumbai's BKC
McKinsey has renewed its lease for 35,520 square feet of office space in the Bandra-Kurla Complex (BKC), a prominent commercial hub in Mumbai. This renewal highlights the ongoing demand for premium…
Labour flight and cost surge stall real estate projects in Mumbai
The real estate sector in Mumbai is currently facing significant challenges due to a combination of labour shortages and rising input costs. These factors are causing delays in construction timelines…
Raymond Realty posts net profit of ₹304.59 crore in FY26
Raymond Realty has reported a net profit of ₹304.59 crore for the financial year 2025-26, marking a significant milestone as it is the first full year since the company became an independently listed…
Godrej Properties' net profit rises 32.49% in FY26
Godrej Properties has reported a significant increase in its consolidated net profit for the financial year 2025-26, marking a 32.49% rise compared to the previous year. The profit after tax reached…
Bombay HC orders Maharashtra government to refund ₹3 lakh stamp...
The Bombay High Court has recently ruled in favour of a homebuyer, ordering the Maharashtra government to refund ₹3 lakh in stamp duty. This decision highlights the rights of property buyers to…
MahaRERA cracks down on errant builders; issues notices over 8,212...
MahaRERA has taken significant steps to address non-compliance among developers by issuing notices related to 8,212 projects throughout Maharashtra. This initiative aims to hold builders accountable…
Bombay HC clears Valor Estate subsidiary's title over 205-acre...
The Bombay High Court has recently upheld the title of a subsidiary of Valor Estate over approximately 205 acres of land in the Mumbai region. This ruling concludes a legal dispute that has persisted…
BMC initiates integration of 3D digital model of Mumbai with civic...
The Brihanmumbai Municipal Corporation (BMC) has commenced the integration of a 3D digital model of Mumbai with its civic systems. This initiative represents a significant step towards data-driven…
The hidden development boom in slum skyscrapers of Mumbai
A significant transformation is occurring in Mumbai's real estate landscape, particularly within the slum-redevelopment sector. This development boom is characterized by the emergence of high-rise…
NCLT approves Mantra Properties buyout of Mulund project
The National Company Law Tribunal (NCLT) has recently approved a resolution plan that allows Pune-based Mantra Properties and Developers to take over a stalled residential project in Mulund, Mumbai…
Lift safety checks lag in Pune, Mumbai divisions as recent mishaps...
Recent developments have highlighted a significant delay in mandatory lift safety inspections across the Pune and Mumbai divisions. This backlog has raised concerns, especially in light of recent…
MHADA drops flat prices in Vikhroli to 7.5% owing to poor public...
The Maharashtra Housing and Area Development Authority (MHADA) has announced a reduction in the prices of flats within its Vikhroli housing scheme by 7.5%. This decision comes in response to a lack…
Bombay HC orders razing of 16-storey Ulhasnagar building over...
The Bombay High Court has mandated the demolition of a 16-storey building in Ulhasnagar due to significant violations of sanctioned plans and building regulations. This ruling highlights the court's…
Bombay HC steps into Decathlon-Godrej clash over prime Chembur lease
The Bombay High Court has recently become involved in a legal dispute between Decathlon and Godrej concerning a prime leased property in Chembur, Mumbai. This case revolves around the terms of the…
Mumbai records over 13,800 property registrations in April
In April, Mumbai saw a significant uptick in property registrations, with over 13,800 transactions recorded. This figure, which reached 13,864, represents the strongest performance for the month in…
Government replaces building code with a new standard, retains...
The government has introduced a new unified standard to replace the existing building code, which will significantly impact construction practices in Mumbai and across India. This revised framework…
How MahaRERA's circular 50/2025 changes the cancellation deadlock...
MahaRERA's recent circular 50/2025 introduces significant changes to the processes surrounding booking cancellations in the real estate sector. This new framework aims to resolve the long-standing…
Maharashtra government moves closer to seal Air India building...
The Maharashtra government is on the verge of acquiring the iconic Air India Building located at Nariman Point in Mumbai for Rs 1,601 crore. This acquisition marks a significant milestone in a…
Mumbai: Dissidents seek report on SGM granting Taximen's colony...
A group of dissenting members from the Taximen's Colony cooperative housing society in Mumbai has raised concerns regarding the recent special general meeting (SGM) that approved the redevelopment of…
Meghna Infracon to invest up to ₹500 crore in five Mumbai...
Meghna Infracon has announced plans to invest up to ₹500 crore in five residential and redevelopment projects across Mumbai. This investment marks a significant move as the developer aims to expand…
Mahindra Lifespace Developers' posts ₹298.17 crore profit in FY26
Mahindra Lifespace Developers has reported a significant profit of ₹298.17 crore for the financial year 2025-26, marking a substantial increase from ₹61.35 crore in the previous year. This impressive…
Soon high-rises on nine-metres roads across Mumbai
The Brihanmumbai Municipal Corporation (BMC) has approved a significant proposal that will allow high-rise constructions on plots located along roads narrower than nine metres. This decision is a…
Malaika Arora Khan lease out apartment in Bandra West, Mumbai for...
Actor Malaika Arora has recently leased out an apartment in Bandra West, Mumbai, for approximately ₹1.17 crore. This development highlights the ongoing appeal of Bandra West as a prime location for…
Mumbai Records Its Strongest March in 14 Years for Property Registrations
March 2026 marked a significant milestone for Mumbai's real estate market, with the city recording 15,516 property registrations. This figure represents the strongest performance for the month of…
Madhuri Dixit leases commercial property in Mumbai for ₹2.81 crore
In a notable transaction, actor Madhuri Dixit has leased a commercial property in Mumbai for ₹2.81 crore. This deal highlights the ongoing demand for quality office and retail spaces in…
Shraddha Kapoor renews Juhu apartment lease at ₹6 lakh per month
Actor Shraddha Kapoor has recently renewed her lease on an apartment located in the upscale Juhu area of Mumbai, with the rental amount set at approximately ₹6 lakh per month. This renewal highlights…
Suryakumar Yadav's family buys apartment in Mumbai for ₹7.18 crore
The recent purchase of an apartment in Mumbai by the family of Indian cricketer Suryakumar Yadav for ₹7.18 crore highlights the ongoing interest in the city's luxury real estate market. This…
New Metro Lines and the Coastal Road Set to Reshape Mumbai Commutes in 2026
Mumbai is on the brink of a significant transformation in its transportation landscape, with several key infrastructure projects set to enhance commuting experiences by 2026. These developments are…
Karan Johar buys apartment in Mumbai for ₹8.05 crore
Filmmaker Karan Johar has made a significant investment in Mumbai's real estate market by purchasing an apartment for ₹8.05 crore. This acquisition by a prominent figure in the film industry…
A Simple Guide to Mumbai Stamp Duty and Registration Charges in 2026
For anyone considering purchasing property in Mumbai, understanding the associated costs of stamp duty and registration charges is crucial. As of early 2026, these costs can significantly impact the…
Mumbai Logs Its Best Property Year in 14 Years in 2025
Mumbai has achieved a remarkable milestone in its real estate sector, recording the highest number of property registrations in 14 years during 2025. This surge in activity reflects a robust demand…