SOBO
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.
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.
K Raheja Corp to redevelop country’s first mall SOBO Central into luxury residences
Spread over 1.3 acres in prime Haji Ali locality, the mall is expected to make way for an around 50-storey sea-view superstructure with nearly 250,000 sq ft development potential. Based on the current property prices in the vicinity, the project is estimated to fetch over Rs 2,000 crore revenue.
KBC voiders, it's ok to be cosmic provincials
. Don't be fooled by the traffic, but we residents of PIN Code Milky Way exist in a region largely devoid of other galaxies and stars called the KBC Void - not named after the purgatory where those who fail miserably in episodes of Kaun Banega Crorepati end up in, but a cosmic void named after the three astronomers, (Ryan) Keenan, (Amy) Barger and (Lennox) Cowie, who studied it in 2013. Which means we not only live in the boondocks of our own galaxy but we're also located in the middle of nowhere.
Kishore Biyani settles lenders’ dues by selling SOBO mall to K Raheja Corp
The settlement was backed by realty developer K Raheja Corp., which acquired SOBO Central Mall. Earlier known as Crossroads, SOBO Central is the country’s first mall, having opened in late 1990s in south Mumbai's Haji Ali locality.
Rekha Jhunjhunwala family buys 12 apartments in SOBO’s Walkeshwar for Rs 156 cr
Rekha Jhunjhunwala buys a luxury apartment on Walkeshwar Road for over Rs 11.76 crore. She owns prime office space in Bandra-Kurla Complex. Her stock holdings are worth Rs 39,333.2 crore. Both her and late Rakesh Jhunjhunwala's investments attract retail and institutional investors.
- Go To Page 1
Lenders fail to get bids for SOBO Central Mall owner
Lenders had initiated SARFAESI proceedings to recover their dues totalling ₹571 crore from the company but they received no bids until the end of the auction deadline on Monday at a reserve price of ₹500 crore.
Halan family buys luxury apartments in SOBO’s Mahalaxmi for Rs 104 crore
Several members of the family have purchased these apartments on the 23rd, 24th, 25th, and 26th floor of luxury project Raheja Modern Vivarea on Jacob Circle from the developer K Raheja Corp. While four of these apartments are priced at Rs 14.68 crore each, other four houses are priced at Rs 11.31 crore, showed the documents accessed through IndexTap.com.
DHC Advisory’s co-founder buys sea-view luxury duplex in SOBO's Breach Candy for Rs 85 cr
DHC Advisory LLP co-founder and chairman Dilip Bhikhalal Desai has purchased a sea-view luxury duplex apartment in a super-premium tower in South Mumbai's Breach Candy area for over Rs 85 crore. The apartment, spread over 5,874 sq ft, is valued at nearly Rs 1.45 lakh per sq ft. Desai and his wife acquired the property from a private family trust in Mumbai.
Maharashtra govt to buy iconic Air India building in SOBO for Rs 1,601 crore
The marque property at Nariman Point is strategically located and is in close proximity to the Maharashtra government’s administrative office.
Param Capital Director Asha Agarwal buys 3 SOBO luxury apartments for Rs 263 crore
She has purchased these apartments spread over a total of nearly 19,254 sq ft on the 24th and 25th floor of the super-luxury residential tower Lodha Malabar on Walkeshwar Road.
A defunct mall offers hope for future's creditors
Lenders to Bansi Mall Management Co (BMMCPL), which owns SOBO Central Mall in Mumbai's Haji Ali area, have initiated Sarfaesi poceedings to recover their dues totalling ₹571 crore. Canara Bank and Punjab National Bank (PNB) are the two primary charge holders as they are direct lenders to the company. Canara Bank is the lead lender with ₹131 crore of loans outstanding, while PNB has primary dues of ₹90 crore, people familiar with the matter said.
Seeds major Mahyco promoter family buys luxury pad in Mumbai's Malabar Hill for Rs 122 cr
The buyer Rajendra Barwale, director of Mahyco, along with his wife and son, has bought the apartment spread over a total of nearly 9,546 sq ft on the 2nd floor of the super-luxury residential tower Lodha Malabar on Walkeshwar Road.
Kandoi Fabrics, director buy 2 luxury apartments in SOBO’s Malabar Hill for Rs 108 cr
These apartments are spread over a total of nearly 9,300 sq ft across the 11th and 12th floor of the super-luxury residential tower Lodha Malabar on Walkeshwar Road.
Creative Group of Industries’ promoters buy 8 luxury apartments for Rs 155 crore
These apartments are spread over a total 24,100 sq ft across the 16th floor through 21st floor of the luxury residential tower Raheja Modern Vivarea on Jacob Circle, documents accessed by ET showed.
Kandoi Fabrics, directors buy 4 luxury apartments in SOBO’s Malabar Hill for Rs 217 crore
These apartments are spread over a total 18,572 sq ft across the 6th, 7th, 8th, and 9th floor of the super-luxury residential tower Lodha Malabar on Walkeshwar Road. The under-construction project last week witnessed the country’s most expensive apartment deal with industrialist JP Taparia’s family picking up a triplex on the 26th, 27th and 28th floor of the tower for Rs 369-crore.
Niraj Bajaj buys country’s costliest penthouse in SOBO’s Malabar Hill for Rs 252.5 crore
The deal values the triplex, known as The Emperor’s Palace, with a total area of 18,008 square feet at over Rs 1.40 lakh per sq ft, pushing it higher in the tally of the country’s most expensive residential transactions on a per sq ft basis, too. On the 12,624 sq ft carpet area, the apartment is valued at over Rs 2 lakh per sq ft. Bajaj has bought the apartment from Lodha Group’s listed entity Macrotech Developers and has paid stamp duty worth Rs 15.15 crore for the deal.
NRI businessman Jai Mahtani buys luxury apartment in SOBO's Morena House for over Rs 83 crore
The deal for the apartment, spread over a carpet area of 5,211 sq ft, is valued at around Rs 1.60 lakh per sq ft, making it one of the costliest property transactions in the country. The buyer has paid Rs 5 crore in stamp duty charges alone for the registration of the deal.
JP Taparia family buys India’s costliest triplex apartment in SOBO’s Malabar Hill for Rs 369 cr
In India’s most expensive apartment deal ever, family of industrialist JP Taparia, founder of contraceptive maker Famy Care, has purchased a sea-view luxury triplex apartment for over Rs 369 crore in south Mumbai’s Malabar Hill from realty developer Lodha Group, said persons with direct knowledge of the development.
MahaRERA upholds Lodha stance, allows JV to market, sell SoBo residential project
The regulator had earlier kept the registration of this project in abeyance following a plea filed by the Urban Infrastructure Venture Capital Fund (UIVCF) and had also restrained the joint entity from undertaking sales efforts.
Maldives into the deep end of paradise
At exactly this time last year, when we could barely travel across states, if you looked at Instagram, you'd have thought that Maldives was a part of India. The whole of Bollywood seemed to have descended on the island republic in the Indian Ocean.
Urban Infra VC Fund seeks cancellation of MahaRERA registration of Lodha's SOBO JV project
The Urban Infrastructure Venture Capital Fund (UIVCF), which counts Anand Jain's Jai Corp and Reliance Industries as core investors, has moved the Maharashtra Real Estate Regulatory Authority (MahaRERA) to cancel the registration of a joint venture project of the Lodha Group in a bid to recover its dues worth over 900 crore from the project in South Mumbai's Mahalaxmi locality.
Urban Infra VC Fund seeks cancellation of Lodha SOBO JV project’s MahaRERA registration
The Urban Infrastructure Opportunities Fund (UIOF), part of the UIVCF, has filed a complaint alleging gross violations of the provisions of the Real Estate (Regulation and Development) Act, 2016 by real estate developers and partners Terraform Realty Group (the erstwhile Everest Group).
HC dismisses Relcon plea against LIC in SoBo realty revamp case
The insurance major proposes to redevelop this 60-year-old building and has floated a tender for it in June. Relcon Infraprojects was disqualified by the LIC owing to a condition in the bid document and the same was challenged by the construction firm.
Boutique realtor Inaya Living buys SoBo bungalow Laburnum House for Rs 93 crore
The development company has bought the property through its parent Chandler & Price (India) that has paid stamp duty worth Rs 4.65 crore for the registration of the transaction.
Ex-Maharashtra Chief Secretary, Pune businessman join I-T probe over SoBo flat purchase
The tax department initiated the probe under the Benami Properties Act against the seller of the flat, Anamitra Properties. The department had issued a notice to the company on July 7, saying it had sufficient information to investigate the firm.
Bharat Serum & Vaccines' Daftary family buys two SOBO luxury apartments for Rs 101 crore
In July, Anurang Jain, managing director of auto component maker Endurance Technologies bought two apartments in the same tower for Rs 100 crore, the largest residential transaction of 2020 until now. The billionaire nephew of Bajaj Auto patriarch Rahul Bajaj purchased one more apartment in this luxury tower for Rs 39 crore in October.
On the grapevine: A party of spirited men in sarees left a SoBo hotel in a spot
The perplexed staff were at a loss as to how to broach the slightly delicate issue of asking the party’s hosts to move their shindig elsewhere.
Load More
