News

K Raheja Corp has acquired a 5.75-acre plot in Kandivali East, Mumbai, for ₹466 crore, marking its fourth major property deal in recent months, with plans to develop a premium residential project.

MahaRERA has introduced a two-year tenure limit for Self-Regulatory Organisation (SRO) appointees to enhance transparency and ensure subject matter expertise in real estate project registrations.

WeWork India has raised ₹500 crore through a rights issue, a pivotal move to eliminate debt, reduce capital costs, and solidify its financial foundation.

MahaRERA has frozen 1,950 project accounts across Maharashtra in a crackdown on non-compliant developers, aiming to enforce accountability and protect homebuyers affected by delays and incomplete projects.

Real estate developers and co-working firms are set to launch IPOs in 2025, driven by strong post-pandemic growth and rising investor confidence in residential, commercial, and flexible workspace markets.

ICICI Bank has signed a 9-year lease for 130,000 sq ft of prime office space in Navi Mumbai’s Turbhe locality in commercial tower owned by Arihant Paradise Realty.

The Supreme Court has directed SEBI to evaluate proposals by Oberoi Realty and Valor Estate for developing Sahara’s 106-acre Versova land, mandating a ₹1,000 crore deposit from each developer.

CIDCO has announced prices for 26,000 homes in Navi Mumbai, sparking mixed reactions. While affordable options start at ₹25 lakh in Taloja, premium rates in Kharghar and Vashi go up to ₹97 lakh, raising accessibility concerns.

ASK Property Fund and Sotheby’s Realty launch a ₹1,000 crore fund to invest in luxury real estate across Tier-I cities and holiday destinations.

Metro-8 is set to redefine connectivity between Mumbai and Navi Mumbai airports, reducing travel time to just 30 minutes. With a combination of underground and elevated routes spanning 35 km, this ambitious project promises faster, smarter & more efficient travel for millions of passengers by 2026.

Yusen Logistics India has leased a 200,000 sq ft built-to-suit warehouse in Palava near Mumbai from Macrotech Developers. This strategic move, part of Lodha Industrial & Logistics Parks, aims to bolster the Tokyo-based company’s distribution network in India.

Mumbai’s Coastal Road will open a new Sea Link connector on Republic Day, with full project completion expected by 2026.

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.

India’s flex space market is booming, with pre-leasing surging as office supply falls short in metro cities, driving demand for flexible, ready-to-move solutions.