Nippon Life India Asset Management has acquired two premium floors in Mumbai's One Lodha Place, Lower Parel, for ₹486 crore, marking a landmark deal in the city’s prime real estate market.

Colt DCS and RMZ Corporation have partnered on a $1.7 billion venture to bolster India’s digital infrastructure, meeting the surging demand in the country’s growing digital economy.

A recent study highlights a gradual reduction in slum-covered land in Mumbai’s peninsular region, dropping by 8.6% over 17 years. From 47.7 sq km in 2005, the slum area declined to 43.6 sq km in 2022, revealing a dynamic transformation in one of India’s most densely populated cities.

Mumbai's luxury residential sector is a worldwide symbol of grandeur. Channel partners link developers and selective purchasers in this private sector, notably in the ultra-premium category, where knowledge and networks account for over 60% of transactions.

Mumbai's ambitious coastal road project reached a milestone this week when the 44-meter length linking the northbound coastal road to the Worli sea connection was erected. This improves city connections, although project completion is projected to take place next year.

NAREDCO Maharashtra NextGen launches Excelerate 3.0 at Hotel Sahara Star, Mumbai, on November 14, 2024. The centrepiece event, "Innovation in Construction," will explore revolutionary solutions for today's building issues, including growing urbanisation and climate resilience.

As the last span of the northbound Mumbai Coastal Road is installed, it will connect smoothly to the Bandra-Worli Sea Link (BWSL). The 44-meter bridge span arrived in Worli on Monday from Karanja Port in Navi Mumbai, ready for deployment on Tuesday with a backup on Wednesday.

Long-time inhabitants, archaeologists, and cultural curators discussed Khotachi Wadi's history, architecture, and culture, which has withstood Mumbai's fast urbanisation, in an engaging panel.

In the next two years, House of Hiranandani, led by Surendra Hiranandani, would invest approximately ₹12,500 crore to increase its development footprint by 10 million square feet in the Mumbai Metropolitan Region (MMR). This strategic expansion will include acquisitions and greenfield ventures.

October 2024 saw record property registrations in Mumbai owing to a good purchasing season. Mumbai's property registration revenue is estimated at ₹1,081 crore as of October 29, 2024, as reported by Maharashtra's IGR. An increase of 52% from the ₹712 crore recorded on Diwali in November 2023.

The Treasury Department regrets Diwali property registration inconveniences. Diwali, particularly Dhanteras, is a lucky time to purchase property, but this year, system maintenance suspended the registration process, preventing homebuyers from completing their deals.

Runwal Realty, a prominent real estate developer, acquired a 4-acre land parcel in Mumbai's Worli neighbourhood for ₹800 crore, including taxes and government levies. The developer plans to build a 1 million square foot luxury residential development, generating ₹8,000 crore in revenue.

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.

Hindustan Unilever (HUL), a major consumer products company, leased a 600,000-square-foot warehouse in Bhiwandi, near Mumbai. The Mumbai Metropolitan Region (MMR)'s biggest warehouse transaction in recent years is this 7-year arrangement.

The Maharashtra government has announced plans to build a "Third Mumbai," which will be led by the Mumbai Metropolitan Region Development Authority (MMRDA). This city will be built by the New Town Development Authority (NTDA) in the Raigad area, past the Mumbai Trans Harbour Link (MTHL) ...