FORT HOUSE SOUTH MUMBAI
Food Inc eyes quicker commerce on match day
With India battling South Africa in the T20 World Cup final this Saturday, quick commerce, food delivery services, restaurants, and brands are bracing for a massive order spike. As fans cheer on the Men in Blue, bars and restaurants screening the match anticipate packed houses and a jump of 20% to 50% in online sales.
Redevelopment projects: 8 common mistakes housing societies make when embarking on redevelopment, how to avoid it
The lure of new, modern flats can land ageing housing societies in big trouble. Find out how to avoid it.
Sattva Group targets 85 pc growth in housing sales to Rs 6,500 cr this fiscal: MD Bijay Agarwal
Realty firm Sattva Group is bullish on India's housing market and will launch many projects to achieve 85 per cent growth in sales of residential properties to around Rs 6,500 crore this fiscal, a top company official said. In the 2023-24, Bengaluru-based Sattva Group achieved sales bookings of Rs 3,500 crore.
India vs South Africa T20 World Cup Final: Food Inc eyes quicker commerce on match day
As the national men's cricket team aims to end the drought for an ICC trophy, bars and restaurants that plan to screen the match for fans back home expect to host a full-house and also cater to an increase of 20% to 50% in their online sales.
Nadir Godrej, family buy 3 luxury apartments in SOBO’s Malabar Hill for Rs 180 cr
Godrej Industries’ Chairman Nadir Godrej and his family have acquired three sea-view luxury apartments in South Mumbai’s Malabar Hill for a total of nearly Rs 180 crore from a real estate development subsidiary of the JSW Group. The under-construction super-luxury residential project, Ruparel House, on Ridge Road at the top of Malabar Hill with the view of Queen’s Necklace, is being developed by R House Realty, part of JSW Realty.
Tata Digital renews lease for headquarter Fort House in South Mumbai
The technology company that controls Bigbasket, Tata 1mg, Tata Cliq, Croma, and superapp Tata Neu among others will be paying rentals of nearly Rs 3 crore per month as per the agreement that stipulates lock-in period of one year.
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Appellate tribunal quashes ED attachment of Praful Patel's assets worth Rs 179 crore
Delhi appellate tribunal sets aside ED's Rs 179 crore property attachment related to NCP leader Praful Patel and wife Varsha, citing 'double attachment' against legal principles.
Kiran Gems’ Rajesh Lakhani buys sea-view luxury apartment in Worli for Rs 97 cr
Rajesh Labhubhai Lakhani, director of Kiran Gems, buys a luxury apartment in Mumbai's Three Sixty West tower. The tower includes The Ritz-Carlton Hotel. Kiran Gems is a sightholder authorized to buy rough diamonds from De Beers Group.
BJP-led Mahayuti clinches seven out of 12 seats in Mumbai-Konkan belt
The Mumbai-Konkan coastal belt in Maharashtra favored the BJP-led Mahayuti alliance, securing seven of 12 parliamentary seats. Chief Minister Eknath Shinde retained his hold in Thane and Kalyan constituencies, while Uddhav Thackeray's Shiv Sena won three of four seats in Mumbai but lost in Raigad and Ratnagiri-Sindhudurg.
Sonia Gandhi, the quiet, binding force behind Congress and INDIA bloc
Sonia Gandhi, the influential leader of the Congress Party, played a key role in forming the opposition INDIA bloc. Despite her silence, she wielded significant power and strategically led the party during the elections.
Britney Spears robbed off jewellery? Here's what police said
Britney Spears has claimed that her jewellery was stolen from her house in California.
Shahid Kapoor buys sea-view luxury apartment in Mumbai’s Worli for Rs 60.4 cr
The apartment spread over 6,176 sq ft on the 24th floor of Three Sixty West project on Dr. Annie Besant Road is the second such deal concluded by the actor in this luxury residential tower. Prior to this, Kapoor and his wife had purchased a duplex on the 42nd and 43rd floor of the same tower of the high-rise project for over Rs 58.57 crore in 2018.
India Inc gets inked; corporate leaders vote for stable govt, development, emancipation of poor
Industry leaders from Tatas, Ambanis, and Birlas vote in Mumbai during the Lok Sabha elections, focusing on development, economic growth, and voting choices in Maharashtra.
Nexus REIT in talks to buy Marina Mall in Chennai
Nexus Select Trust in talks to acquire The Marina Mall in Chennai, developing a diverse portfolio with Grade-A malls in Hyderabad. Plans to double assets to 20M sq ft in 5 years, reflecting India's retail growth and mall consumption surge.
Lok Sabha Elections 2024 Phase 5: From Rahul Gandhi to Smriti Irani and Piyush Goyal, here are top candidates and constituencies
India's Phase 5 Lok Sabha elections feature key contests with Rahul Gandhi, Smriti Irani and several Union Ministers and party chiefs in the race. Encompassing 49 seats spread across 6 states and two Union Territories (UT), the upcoming elections will see a diverse array of constituencies. Uttar Pradesh leads with 14 seats, followed by Maharashtra with 13, West Bengal with 7, Bihar with 5, Jharkhand with 3, Odisha with 5, and one each from Jammu and Kashmir and Ladakh.
Kiran Gems MD Patel buys sea-view luxury pad in Mumbai’s Worli for over Rs 97 crore
Mavjibhai Patel, the managing director and member of the promoter group of Kiran Gems, one of the world's largest natural diamond manufacturers, has acquired a sea-view luxury apartment in a highly prestigious residential tower located in Mumbai's upscale Worli area for approximately Rs 97 crore.
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.
Lok Sabha polls: Dharavi redevelopment gives Sena (Shinde) upper hand
Dharavi, once Asia's largest slum, remains central to Mumbai's South Central parliamentary polls due to redevelopment plans. The Adani Group's bid to redevelop with 350 sq ft homes faces opposition from the Uddhav Thackeray faction, demanding 450 sq ft units. Residents express skepticism over promises, with conflicting views on the project's viability. Political factions vie for support, leveraging housing concerns and minority interests in the electoral battleground.
Shiv Sena infighting: Arvind Sawant faces tough challenge in Mumbai South from faction Rival Yamini Jadhav
In Mumbai South, Arvind Sawant of Shiv Sena, who won the last two elections against Milind Deora, faces a challenge from Yamini Jadhav, also from Shiv Sena (Uddhav Balasaheb Thackeray faction). The constituency, home to both billionaires and slum dwellers, presents a complex demographic mix. Sawant's previous wins were attributed to Gujarati and Marwari voters, but this time he's targeting Marathi-Muslim voters.
Lok Sabha polls: In bellwether Mumbai seat, mantri Piyush Goyal in ‘connect’ mode
Piyush Goyal manages diverse portfolios, engaging with voters in Mumbai's northern areas through the PM SVANidhi scheme. He addresses housing promises, rising fuel costs, negotiates with the EU, and oversees public welfare initiatives like establishing a mini-hospital in Gorai. Goyal's political journey in Mumbai North involves influential figures like Ram Naik, Urmila Matondkar, and BJP MLA Gopal Shetty.
Luxury housing sale reports 10% growth during Jan-Mach 2024
Luxury segment housing in top cities grows 10% Y-o-Y, Mumbai leads. Anshuman Magazine cites robust fundamentals. Gurgaon emerges as luxury market with eco-friendly features. Jubilee Hills sees luxury demand.
K Raheja inks pact to jointly develop 2.5-acre land parcel in Mumbai’s Worli
The developer’s residential platform and the landlord have finalised a revenue share structure for the proposed joint development, wherein K Raheja Corp will get 57% revenue share, while the balance 43% will go to the landlord. As per this agreement, the developer will be responsible for all planning, design, approvals, execution, branding, and sales efforts. The pact stipulates that K Raheja Corp is expected to complete the project within five years.
Maharashtra Lok Sabha elections: Shiv Sena (UBT) releases list of 17 candidates for upcoming polls
The Uddhav Thackeray-led faction of Shiv Sena unveiled its candidate list for the forthcoming Lok Sabha elections. Anil Desai will vie for the Mumbai South Central seat. The party aims to contest from key constituencies in Maharashtra, a state contributing 48 seats to the Parliament. Meanwhile, NCP is yet to announce its contenders.
Sunteck Realty inks pacts for Rs 3,000 crore projects in Mumbai’s Nepean Sea Road, Bandra
Real estate major Sunteck Realty has entered into agreements to redevelop two prime projects valued at over Rs 3,000 crore in Nepean Sea Road and Bandstand localities of South Mumbai. The projects, spread over 1.5 acres, are expected to generate a sale potential of over 3 lakh sq ft. Sunteck Realty's portfolio will add a Gross Development Value (GDV) of Rs 3,000 crores, expanding its presence as a major player in the Mumbai property market. Despite higher interest rates and rising property prices, the Mumbai property market has achieved a new all-time high in 2023.
Ambika Chauhan of Parle buys 2 sea-view luxury flats in South Mumbai
Ambika Chauhan Aibara, from Parle Products' promoter family, purchased two sea-view luxury apartments in Mumbai's Mahalaxmi locality. The apartments are part of the luxury project Raheja Modern Vivarea developed by K Raheja Corp Homes. The recent deals in the tower include purchases by the Halan family and the promoters of Creative Group of Industries. Raheja Modern Vivarea is an under-construction project on a land parcel that previously housed a private textile mill.
Kolte-Patil acquires two redevelopment projects in Mumbai’s western suburbs
Realty developer Kolte-Patil Developers secures two housing society redevelopment projects in Mumbai suburbs, adding 3.06 lakh sq ft saleable area worth Rs 545 crore. The acquisitions align with the company's diversification goals and expand its presence in Mumbai. With these projects, Kolte-Patil now has 15 projects in the Mumbai Metropolitan Region.
Tribeca inks pact for prime project in Mumbai’s Parel, secures HDFC Capital funding
Real estate private equity firm HDFC Capital Advisors is backing the project with a financing of Rs 200 crore. This is the second investment the developer has secured from HDFC Capital under a Rs 500-crore residential housing platform that was by both the entities in 2019. Last year, HDFC Capital secured a complete exit from its first investment of Rs 135 crore made through this platform.
Inside a Mumbai house where a league of gaming legends resides
Esports organisations such as S8UL, Revenant Esports, GodLike Esports, Orangutan Gaming and Global Esports have leased out swanky bungalows to build gaming houses or boot camps to house top esports athletes of their teams.
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