ANDHERI SUBURB OF MUMBAI

We wish to grow in SOBO market which will see resurgence of residential developments: Boman Rustom Irani, Keystone Realtors

Keystone Realtors, led by Boman Rustom Irani, are expanding into SOBO due to city infrastructure growth. FY25 outlook is positive, with FY24 surpassing expectations. Strong OCF, acquisitions, and partnerships contribute to the company's success. The real estate sector in Mumbai is poised for growth, driven by infrastructure development and a surge in redevelopment projects.

Kalpataru to redevelop 4-acre housing society in Mumbai’s Andheri

Kalpataru Ltd acquires rights for housing society redevelopment in Lokhandwala, Mumbai with significant revenue potential. Multiple redevelopment projects in progress in Mumbai suburbs. Market achieves record highs despite rising property prices.

Puravankara set to redevelop 2.5-acre housing society in Mumbai’s Pali Hill

The project holds a cumulative estimated development potential of 4.10 lakh sq ft carpet area with over over 2.15 lakh sq ft available for sale with a potential Gross Development Value (GDV) of over Rs 2,000 crore.

Bankruptcy court disposes off insolvency applications against Mumbai Metro One

Mumbai Metro One was the first metro project awarded in the country on a public-private partnership (PPP) basis and entails the design, financing, construction, operation and maintenance of about 12 km elevated metro operating between Versova and Ghatkopar with 12 stations en route, connecting the western and central suburbs of Mumbai.

Table Space, Runwal ink 10-year, Rs 333-cr Mumbai office lease deal

The cumulative rental payout for the transaction is over Rs 333 crore through the total term. The agreement includes a provision that grants Table Space an option to lease an additional 1.97 lakh sq ft of office space, thereby expanding the total deal size to nearly 3.30 lakh sq ft.

Amitabh Bachchan leases 4 offices in Mumbai’s Andheri to Warner Music India

The tenant will be paying total rentals of over Rs 11 crore through the entire lease tenure. The lease will be operative starting from March 2024. ET had reported in September that Bachchan bought these four offices totalling over 12,000 sq ft built up and 10,800 sq ft carpet area for nearly Rs 29 crore. The tenant will be paying monthly rentals of Rs 170 per sq ft for the first three years and the lease agreement includes a clause to escalate rentals by 15% thereafter for the next two years taking it to Rs 195.50 per sq ft per month, showed documents accessed through Propstack.

Housing prices jump 33% in this Hyderabad area in 3 years; know how much property prices have risen in your city

Property prices have surged in the last few years, driven by various factors such as increased input and construction costs, rising land prices, and heightened demand. Moreover, there is a noticeable shift in homebuyer preferences towards larger homes with enhanced amenities, contributing to the upward trajectory of prices. Know how much residential property prices have risen in your city, as per ANAROCK Research.

Puravankara acquires rights for 3-acre redevelopment project in Mumbai’s Andheri

The acquisition of these development rights marks Puravankara’s foray into the redevelopment business in the western region. The combined land parcel has a cumulative estimated development potential of 5.8 lakh sq ft carpet area, with around 3.65 lakh sq ft available for sale.

Big B, Ajay Devgan, Kajol...Now, Manoj Bajpayee buys property in this same Mumbai building

Bollywood actor Manoj Bajpayee and his wife have invested Rs 31 crore in commercial office units in Mumbai's Andheri suburb. The couple purchased four units on the 12th floor of the Signature building, paying a stamp duty of Rs 1.86 crore. Other Bollywood celebrities, including Amitabh Bachchan, Ajay Devgan, Kartik Aryan, and Sara Ali Khan, have also invested in the same project.

Bollywood actor Sonakshi Sinha buys premium apartment in Mumbai’s Bandra

Bollywood actor Sonakshi Sinha has purchased a 2,430 sq ft apartment in Mumbai's Bandra suburb for Rs 11 crore. This is her second apartment in the same residential tower that she has bought directly from the developer. Real estate has become a popular investment for high net worth individuals, including Bollywood personalities.

Amitabh Bachchan, Kartik Aryan, Sara Ali Khan buy office properties in Mumbai's Andheri

In addition to him, actors Kartik Aryan and Sara Ali Khan along with her mother Amrita Singh have also acquired properties in the tower. Interestingly, actors Ajay Devgan and Kajol too have bought offices in the same project earlier.

Kajol buys office space for 7.64 crore in Mumbai’s Andheri suburb

Kajol bought the office from realty developer Veer Savarkar Projects and has paid stamp duty of Rs 45.84 lakh for the registration of the deal that took place on July 28, showed the documents accessed through Propstack. Recently, her husband and actor Ajay Devgan also purchased five office properties for Rs 45 crore in the same building in April this year. All these five properties are spread over 13,293 sq ft across two floors of the tower.

Solitaire Group acquires 20-acre land parcel in Mumbai’s Andheri for Rs 550 crore

Solitaire Group's subsidiary, Honest Vastunirman, has acquired a 20-acre land parcel in Mumbai for nearly Rs 550 crore. The property developer will construct 140 residential tenements on the land. The ongoing upcycle in the housing market segment is prompting more real estate developers to opt and propose residential developments on their land parcels that are already part of their land bank or are being acquired now.

Chandak Group acquires 3.6 acre housing society redevelopment project in Mumbai’s Andheri

Realty developer Chandak Group has entered into an agreement to redevelop a housing society spread over 3.6 acre in Mumbai’s Andheri suburb with the project envisaging a total development potential of over 460,000 sq ft. Of the total development potential, the project will provide a saleable area of over 281,000 sq ft that is estimated to have revenue potential of Rs 956 crore. The project is expected to be completed within a period of four years.

Heavy rain in Mumbai; orange alert for city and neighbouring districts on July 27

"The weather bureau has predicted heavy rain in Mumbai and suburbs with the possibility of very heavy rain at isolated places, and the possibility of occasional strong winds reaching 45-55 kmph in the next 24 hours," as per the daily weather forecast issued on Wednesday morning.

Ajay Devgn buys office properties in Mumbai’s Andheri for over Rs 45 crore

Devgn has paid a total stamp duty of more than Rs 2.7 crore for both the transactions that were finalized and concluded in April. The deals were registered on April 18th and 19th, showed the documents accessed through CRE Matrix.

Mumbai house rentals surge as companies bet on hybrid work culture

More employees have returned to the city over the last one year and this has led to the rise in rental values of residential properties by almost 20% during this period. Residential demand, especially in the rental segment, started witnessing a sudden spike since last summer, said property brokers.

Singer Sonu Nigam buys 2 offices in Mumbai’s Andheri for Rs 11.37 crore

These offices are part of the free-sale component of a redevelopment project on Veera Desai Road in Andheri (west) being undertaken by Saroj Landmark Realty LLP. The deals for both the offices were registered on March 15, showed the documents accessed through real estate data analytics firm Propstack.

AH Wadia Trust sells 5.7-acre land parcel in Mumbai’s Andheri for Rs 71 crores

The trust had started the efforts to sell the land parcel in 2009 too and had invited bids for the same. In 2010, Global Eco Hotels had emerged as the highest bidder with its offer of Rs 51 crore for the plot. The process to sell the land parcel has been going on since then and has finally been concluded now.

Bharat Realty Venture is adding more shimmer to the skyline of Mumbai Suburbs

Savvy Group forays into Mumbai property market, to invest over Rs 2,000 crore

To begin with, the company will be investing around Rs 750 crore to develop two projects it has acquired including a mixed-use and a residential redevelopment project in the city’s western suburb of Andheri and central suburb Ghatkopar.

Atul Projects launches new commercial project in Andheri East

Suburbs of Mumbai like Andheri are witnessing rapid growth in the commercial sector.

BMC had become 'private property' of some, but we are now giving it back to people: Devendra Fadnavis takes swipe at Uddhav-led Shiv Sena

Shinde took over as the chief minister of the state after Uddhav Thackeray stepped down from the post following a rebellion by 40 Shiv Sena MLAs led by Shinde in June this year. Fadnavis became the deputy CM. The rebellion split the Shiv Sena into two factions - one each led by Thackeray and Shinde. Terming the Shinde-led government as "pro-people", Fadnavis said, "This dispensation neither wants to make the municipal corporation as its property nor is it interested in making any property out of it."