MMRDA’s INR 20,000 crore projects—a tunnel and elevated road—aim to transform Thane’s connectivity and ease traffic in the Mumbai Metropolitan Region.

BMC collected a record ₹5,847 crore in property tax over nine months in 2024, with December alone contributing ₹2,501 crore. Strategic campaigns and extended office hours boosted collections, with the western suburbs leading contributions.

ADIA has exited Mindspace Business Parks REIT with a ₹1,926 crore block deal, selling 5.43 crore units at ₹354.3 each via its subsidiary, Platinum Illumination A 2018 Trust. This marks the end of its 9.2% stake acquired in 2022.

HDFC Bank, in a strategic move to streamline its portfolio, plans to sell key commercial and residential properties acquired from its 2023 merger with HDFC. Expected to generate around ₹3,000 crore, this divestment signals a shift towards core banking operations and digital growth.

Kalpataru Projects Greenlights ₹200 Cr NCD Issuance Kalpataru Projects International announced that its board has approved a plan to raise up to ₹200 crore through the issuance of non-convertible debentures (NCDs) via private placement.

Founders of Macrotech Developers, Abhishek Lodha and his family, have committed nearly $2.5 billion (₹20,000 crore) to charity in a significant move. The family will transfer a large share in Macrotech, making an initial corpus of over ₹20,000 crore for the Lodha Philanthropy Foundation.

Indian real estate IPOs have gained pace due to high demand in residential, commercial, and retail industries. Real estate IPOs generated ₹13,553 crore in 2024, a significant rise from the previous year, as firms use capital markets for growth.

Anant Raj, a renowned Delhi-NCR real estate developer, aims to raise up to INR 2,000 crore via a QIP. The funds will fund project expansion and new initiatives in high-demand areas.

The Rhythm House near Kala Ghoda in Mumbai has reopened after closing permanently in 2016. Bhaane Retail, a Shahi Exports Pvt Ltd. affiliate, bought the famed music shop for INR 48 crore.

At the Bombay Times Fashion Week 2024, Ashwin Sheth Group and designer Sheetal Batra combined luxury real estate and high fashion in Mumbai. Batra's inaugural collection, Ruhaniyat, drew from Kashmir's rich cultural legacy and blended traditional craftsmanship with modern beauty.

The House of Hiranandani has signed agreements to redevelop five housing societies in Mumbai's Chembur suburb, a significant step towards urban renewal. These redevelopment projects, which encompass approximately 15 acres, offer a development potential of over 1.7 million square feet.

In 2024, Mumbai sold 21 of 25 ultra-luxury properties in India's top 25 cities. HNIs and ultra-HNIs drove demand for mansions exceeding Rs 40 crore, worth Rs 2,443 crore. Mumbai, Hyderabad, Gurugram, and Bengaluru became luxury property hotspots as transactions increased.

Deloitte India has secured over 81,000 sq ft of luxury office space on two floors of the Oberoi Commerz III skyscraper in Goregaon, Mumbai's busy western district. This strategic move is part of the company's long-term expansion strategy, with a five-year lease beginning November 1, 2024.

Arkade Developers will have a Rs 410-crore IPO on September 16, 2024. A new equity share issuance, the IPO, will be offered for public subscription until September 19. The anchor investor bidding window opens on September 13 before the public offering.

Prestige Estates Projects' subsidiary Prestige Exora Business Parks purchased its partner's land parcel and development rights in Pune's desirable Kharadi neighbourhood. Land of about 4.5 acres was acquired for approximately ₹200 crore.