Market News
Mumbai real estate, curated. Article dates shown honestly — some stories are archival.
Sunteck Q1 Profit Rises 26%
Sunteck Realty’s 26% rise in quarterly profit, despite only modest revenue growth, is a useful reminder that real-estate performance cannot be read from one number alone. For developers, profit…
ICICI Prudential AMC buys nine VIOS Tower floors for over ₹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…
NeoLiv picks up a 76-acre Khopoli site for a plotted township
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…
Maharashtra clears handover of three plots for the Mula-Mutha river project
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…
Two sea-facing Worli flats go to a Godrej family member 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…
NSE signs an 80-year BKC land lease with MMRDA for ₹1,684 crore
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…
Civic body floats a 69-acre township plan for Airoli
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 plans valuation-linked property cards for every property
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…
New Section 39A proposals seek to convert over 25,000 sq m of Mumbai land
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…
Arisinfra arm bags a ₹650 crore drywall-services contract for a Wadhwa project
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…
Four Indiabulls Real Estate-linked entities settle with SEBI for ₹10.5 crore
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…
Mumbai societies can add leisure amenities without an FSI hit
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…
Mumbai construction slows as labour runs short and costs climb
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…
Bombay HC upholds a Valor Estate arm's title to 205 acres near Mumbai
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 begins linking its 3D digital model of Mumbai to civic systems
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…
Lift-safety inspections fall behind in the Pune and Mumbai divisions
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…
Bombay HC steps into the Decathlon–Godrej dispute over a 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…
BMC clears high-rises on Mumbai plots along sub-nine-metre roads
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…