News

Mumbai's infrastructure revolution is transforming travel and real estate alike, with projects like the Mumbai Trans Harbour Link, the coastal road, and Metro Line 3 improving connectivity and driving property value growth in key areas such as Navi Mumbai, Bandra, and Worli.

The long-awaited Santacruz-Chembur Link Road extension is set to transform connectivity, bringing Mumbai one step closer to smoother and faster commutes.

Prestige Group, along with RC Group and Valor Estate, is launching a ₹7,000 crore redevelopment in Bandra, Mumbai, transforming 19 housing societies across four acres into modern residential complexes.

The Ken-Betwa river linking project, initiated by the Prime Minister, is set to transform Bundelkhand's real estate by addressing water scarcity, boosting irrigation, and ensuring drinking water for Madhya Pradesh and Uttar Pradesh.

Luxury real estate in Worli, South Mumbai, shines again as Metro Brands promoters Zia Malik Lalji and Alisha Rafiq Malik secure two sea-view apartments in India’s tallest tower for ₹162 crore, highlighting soaring demand for ultra-luxury homes.

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.

Mumbai’s ultra-luxury real estate hits a new high as Alkem Labs promoter Seema Singh acquires a ₹185 crore, 14,866 sq. ft. apartment at Worli’s Lodha Sea Face, reaffirming the city’s status as a global luxury hub.

Brookfield India REIT has raised ₹3,500 crore via a QIP, drawing marquee investors like IFC and LIC, marking their first investment in an Indian REIT.

Rishabh Family Trust, with Bajaj Auto MD Rajiv Bajaj as a trustee, has acquired a ₹72 crore premium property in Pune's Koregaon Park. The deal includes the historic Krishna Kumar bungalow and outhouse, spanning 16,079 sq. ft. on 1.15 acres.

PCMC has launched GRAP, becoming Maharashtra’s first city and a national frontrunner in tackling pollution. This initiative integrates real-time monitoring, advanced forecasting, and strict enforcement for systematic air quality improvement.

The Maharashtra government is driving urban progress with a Rs. 5,000-crore land records digitization project, starting with 10 cities like Baramati and Pandharpur. The initiative replaces outdated property tax and deed systems with transparent, updated land records.

Morningstar, a leading American financial firm, has leased 300,000 sq ft at Vishwaroop IT Park, Vashi, for ₹38 crore annually with a 5% yearly hike. The 10-year deal, totaling ₹450 crore, highlights Navi Mumbai's rise as a commercial and IT hub, driven by its strong infrastructure and connectivity.

Gurugram's luxury real estate sector has reached a remarkable milestone with the ₹190 crore sale of a penthouse at DLF’s The Camellias. This record-breaking deal highlights India’s growing economic strength and the rising demand for ultra-luxury properties.

DLF appoints Badal Bagri as Group CFO, effective December 6, to strengthen its commitment to financial excellence and efficiency.

The real estate sector in Tier-II Indian cities experienced remarkable growth between January and September 2024.