MUMBAIS LOWER PAREL

Mumbai Metro Aqua Line 3: BKC to Aarey Phase 1 operations set to start from July. Check route map and stations

Mumbai Metro Line 3 Phase I operations on the Aarey to Bandra-Kurla Complex route are set to begin in July. The Mumbai Metro Rail Corporation Limited (MMRCL) expects to start phase I operations of Mumbai Metro Line 3 on this route by then. Necessary dry runs have been completed, with some assessments and approvals pending. The Metro agency is ready to operate over 260 services with its fleet of 19 trains.

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.

Mumbai wards to face water cut for 2 days; Check if your area is impacted

Mumbai water cut: Mumbai residents in various areas, including Malabar Hill, Dadar, Lower Parel, Kurla, and Powai, will experience water supply disruptions between January 4-5. The Brihanmumbai Municipal Corporation (BMC) officials identified a leakage in the 900mm cross connection between Upper Vaitarna and Vaitarna main near Powai.

Looking for property in Maximum City? Mumbai neighbourhoods NRIs should watch out for and why

Mumbai is poised to be a prime real estate destination for Non-Resident Indians (NRIs) in 2024. Kanjurmarg, Mulund, South Mumbai, Bandra, Andheri, and Powai attract NRIs with enhanced infrastructure, business districts, cultural richness, and balanced lifestyles, presenting lucrative investment opportunities in the evolving cityscape.

Kansai Nerolac to sell land parcel in Mumbai to Runwal Group for Rs 726 crore

The ongoing resurgence in the residential real estate market has prompted property developers to actively pursue and conclude transactions for land parcels across the country, and the trend is not limited to only metropolitan regions and peripheral locations but is also certainly evident in tier II and III cities too

Paytm Payments Bank MD Surinder Chawla buys two duplexes in Mumbai’s Lower Parel

Surinder Chawla, the CEO of Paytm Payments Bank, has purchased two duplex apartments in Mumbai's Lower Parel area for a total of Rs 20 crore. The apartments are located on the 42nd and 43rd floors of a luxury residential tower and offer a sea view. Chawla will also have access to four car parking slots.

Mumbai: Delisle Bridge partially opens after five-year wait, missing deadlines

Mumbai: BMC announces ban on two-wheelers, heavy vehicles on Parel TT flyover from June 1

The BMC in a release said it has received a no objection certificate from the Mumbai traffic police to ban heavy vehicles on this decades old bridge on Dr Babasaheb Ambedkar Marg, which serves as one of the major corridors in the city.

International Jazz Day 2023: Check list of Mumbai shows, venue, timings

As International Jazz Day nears, Mumbai is all set to make it yet another year to witness musical shows chirping around the city of dreams.

Madhuri Dixit proud owner of a new Porsche car worth Rs 3.08 cr? What we know

Dixit is said to own another Porsche worth more than Rs 1 crore.

L&T sells three pre-leased floors in Powai office tower to National Realty

The company sold this office with nearly 37,527 sq ft carpet area immediately after leasing it to CitiusTech Healthcare Technology at starting annual rent of Rs 7.40 crore.

French company Technicolor leases over 100,000 sq ft office in Blackstone’s Lower Parel tower

The lease tenure will run through five years and the company can extend it by additional five years taking the total tenure to 10 years. Technicolor Creative Studios will be paying rentals of Rs 153 per sq ft a month for the office space excluding common area maintenance charges. The rent agreement includes a rental escalation clause that will see rentals being revised 15% upwards after the first three years.

Plan for artsy time with a 4-day Mumbai Gallery Weekend in Colaba, Fort & Kala Ghoda

Mumbai Gallery Weekend began in 2012 with a group of 9 galleries.

CDSL buys 46,000 sq ft office in Mumbai’s Lower Parel for Rs 163 crore

The developer Marathon Nextgen Realty has also launched a commercial tower in Mulund suburb of Mumbai and is planning another commercial tower at Byculla in Central Mumbai through a joint venture with Adani Realty, the listed company said in a regulatory filing.

Asian Paints leases over 1.2 lakh sq ft of office space in Mumbai

Asian Paints has leased the space for a total tenure of nine years including a lock-in period of five years. The paints major is expected to pay more than ₹166.32 crore as rentals over the total tenure of the lease excluding any rental escalations and maintenance charges.

Star India renews lease for 450,000 sq ft HQ in Mumbai’s Lower Parel

In addition to the 16 floors in Urmi Estate, the company has also leased the ground floor lobby, meeting room and studio area on the ground floor, as well as the mail room and terrace on the 8th floor of the adjacent Urmi Iconic Building, which is part of the same complex.

Blackstone’s Nucleus Office Parks leases 7.5 lakh sq ft with Rs 1,100 cr rental income

The operating platform has completed fresh office projects spread over nearly 2.5 million sq ft across its developments including in Mumbai’s Lower Parel, Bangalore’s Outer Ring Road (ORR) and Gurgaon, taking its total portfolio size to over 22 million sq ft.

Nykaa E-Retail leases over 55,000 sq ft office space in Mumbai's Lower Parel

The company, listed on stock exchanges as FSN E-Commerce Ventures, will be paying rentals of Rs 69 lakh per month, taking its total payout to Rs 41.40 crore excluding the rental escalation. The agreement includes a clause to escalate lease rentals by 15% after the first 36 months.

IL&FS puts more Mumbai properties on the block

Monetisation of these key properties, in the business district of Lower Parel and Chandivali, owned by the company and its wholly-owned subsidiaries, is expected to fetch over Rs 700 crore given the locations and size of these properties, property consultants said.

Kansai Nerolac Paints buys office for HQ in Mumbai’s Lower Parel business district

The subsidiary of Japan’s Kansai Paint has bought an entire floor of office space spread over 35,000 sq ft in realty developer Marathon Group’s commercial project Marathon Futurex on Delisle Road.

DCB Bank buys office space in Mumbai's Lower Parel

The bank has acquired the office space on 18th floor of tower A of the commercial project. Along with the carpet area of over 10,049 sq ft, the bank will also get exclusive access to 15 car parks as part of this deal.

CPPIB, Phoenix Mills ink joint venture for office-led mixed-use assets development

CPPIB to invest Rs 1,350 crore to jointly develop 1 million sq ft offices, 2 lakh sq ft retail asset in Mumbai’s Lower Parel

Realty hot spot series: A premium Mumbai locality with excellent residential, office premises

Worli-Lower Parel, Mumbai is a prominent micro market with sea facing skyscrapers, premium office spaces, upscale infra and has excellent connectivity.