MUMBAI PROPERTY MARKET
Stable economy boosts India's housing market to new heights, scales 11-year peak The housing property market across India is witnessing substantial growth in sales volumes, driven by stable economic conditions and continued confidence, even amidst higher mortgage rates. This uptrend is led by the top eight cities, including Mumb...
04 Jul, 2024, 12.22 PM ISTIndia office property market surges with record gross leasing in 2024 first half The Indian office property market has surged, driven by increased economic activity and corporate occupancies, reaching a record 33.5 million sq ft in gross leasing in the first half of the year. Global Capability Centres (GCCs) significantly contri...
03 Jul, 2024, 03.05 PM ISTICICI Prudential AMC buys office tower from Kalpataru in Mumbai for Rs 315 cr ICICI Prudential Asset Management Company has acquired a commercial tower in Santacruz, Mumbai, for over Rs 315 crore from realty developer Kalpataru's subsidiary Ixora Properties. The tower, built on one-third of an acre, is expected to house the c...
02 Jul, 2024, 09.02 AM IST- ADVERTISEMENT
Godrej Properties to develop 11-acre project at Pune with revenue potential of Rs 1,800 cr The newly acquired land is situated in a prime area near the upcoming Megapolis Metro Station, enhancing its accessibility to major IT hubs in Hinjewadi. The location is anticipated to draw substantial interest from both residential and commercial i...
01 Jul, 2024, 12.01 PM ISTGodrej Properties buys TDR certificates for Gurugram project Godrej Properties has acquired Transfer of Development Rights (TDR) certificates worth Rs 50 crore for its Sector 43 project in Gurgaon, a novel practice in the NCR region but common in Mumbai. These certificates allow for an additional 300,000 sq f...
01 Jul, 2024, 07.46 AM ISTSattva 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...
30 Jun, 2024, 02.35 PM ISTMumbai property market sets yet another benchmark, records best-ever June; registrations rise 12% Mumbai, India's largest and priciest property market, has achieved a new milestone by recording its highest-ever property registrations for the month of June. In June, the city saw 11,538 property registrations, marking a 12% increase from the previ...
30 Jun, 2024, 01.13 AM ISTAmitabh Bachchan buys two luxury apartments in Mumbai’s Borivali suburb The deal comes immediately after the veteran actor recently purchased three more office properties spread across three floors in a commercial project in Oshiwara locality of Mumbai’s western suburb of Andheri. Bachchan purchased apartments in Boriva...
28 Jun, 2024, 05.44 PM ISTAmitabh Bachchan buys more office properties in Mumbai Andheri suburb Bollywood legend Amitabh Bachchan expands his Mumbai property portfolio with the purchase of three office spaces in Oshiwara for Rs 60 crore. This acquisition adds to his existing commercial holdings, with a focus on real estate investments alongsid...
25 Jun, 2024, 05.52 PM ISTUnity Small Finance Bank inks pact to acquire office space worth Rs 393 crore The developer of the Santacruz project received a letter of intimation (LOI) and approval from the Slum Rehabilitation Authority for the project in August 2023. It has also acquired additional land adjacent to the existing plot and is expected to ap...
21 Jun, 2024, 06.52 PM ISTNadir 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-constructi...
17 Jun, 2024, 07.01 PM ISTMumbai luxury property market records 3rd highest price rise globally in Q1 Mumbai saw a significant rise in prime residential prices, recording the third highest year-on-year growth globally. New Delhi also saw an increase, while Bengaluru experienced a slight drop. Mumbai's growth was driven by strong demand for higher va...
13 Jun, 2024, 01.25 PM ISTProperty prices jump by 10-15% in tier 2 cities: Report Property prices in tier 2 cities have risen by 10-15% due to economic growth, infrastructure development, and reverse migration. Premium locations in Goa, Chandigarh, and Kochi are now comparable to major markets in Delhi and Mumbai. Tier 2 cities o...
13 Jun, 2024, 01.05 PM ISTMahaRERA keeps registration of 1,750 lapsed housing projects in abeyance The Maharashtra Real Estate Regulatory Authority (MahaRERA) has put the registration of 1,750 lapsed housing projects on hold across the state and plans to take similar action on 1,137 more projects. The Mumbai Metropolitan Region leads with 761 pro...
10 Jun, 2024, 11.52 AM ISTKiran 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.
05 Jun, 2024, 06.20 PM ISTMumbai realty market breaks record for 10th month in row Mumbai, India's commercial capital, has recorded its best performance on record for real estate deals in May, driven by brisk sales and high demand despite increased mortgage rates and rising property prices. The Mumbai property market saw over 11,9...
01 Jun, 2024, 12.24 AM ISTMumbai property market continues record-setting spree with best-ever May The country’s commercial capital witnessed more than 11,917 property registrations during the month, up 21.3% from a year ago. The performance led to the state exchequer fetching revenue worth over Rs 1,029 crore through stamp duty collection, up 23...
31 May, 2024, 07.22 PM ISTMumbai, Delhi-NCR, Bengaluru lead Small & Medium REIT investment prospects India's fractional ownership property market is projected to grow over 10 times, exceeding $5 billion by 2030, driven by office assets suitable for Small and Medium REIT (SM REIT) investments. Mumbai and Delhi-NCR are top hotspots, with significant ...
29 May, 2024, 11.57 AM ISTShahid 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 o...
27 May, 2024, 05.56 PM ISTCertus Capital commits Rs 400 crore through three real estate investments Institutional real estate investment firm Certus Capital has finalised investments worth over Rs 400 crore through three real estate funding transactions. The funding is part of its plan to invest Rs 1,000 crore through secured credit in India’s rea...
16 May, 2024, 10.39 PM IST