The Blackstone Group is close to buying Adani Realty's Inspire BKC, a high-profile commercial real estate project on Mumbai's Bandra-Kurla Complex (BKC) fringes. The 800,000-square-foot office skyscraper is expected to cost the US private equity behemoth between Rs 1,800 crore and Rs 2,000 crore.

After bearing the brunt of a prolonged slump over the last couple of years, the residential realty market of the MMR region is now showing signs of a revival as investor confidence returns and buyers renew their search for their dream home.