Italian fashion brand OVS has leased over 11,000 sq ft of retail space in Sky City Mall at Borivali, Mumbai, for a total rent of around ₹28 crore for a period of five years, or 10 per cent of the company’s revenue from the store, whichever is higher, according to property registration data accessed by […]
Mumbai-based real estate developer Oberoi Realty has announced that it emerged as the highest bidder by quoting ₹5,400 crore for the lease of 11 acres of land in Mumbai’s Bandra East. The Rail Land Development Authority (RLDA) had floated the bids for the same. Mumbai real estate market update: Oberoi Realty has announced that it […]
Pramit Jhaveri and his wife, Mukeeta, purchased a luxury apartment on South Mumbai’s Carmichael Road for ₹38.16 crore, according to property registration documents accessed by Zapkey. Mumbai real estate update: Pramit Jhaveri and his wife, Mukeeta, purchased a luxury apartment on South Mumbai’s Carmichael Road for ₹38.16 crore (Picture for representational purposes only) (Gemini Generated […]
The Maharashtra Cabinet Infrastructure Committee has approved a 35-km Metro project linking Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) with the Navi Mumbai International Airport (NMIA) at an estimated cost of over ₹22,000 crore. The Maharashtra Cabinet Infrastructure Committee has approved a 35-km Metro project linking Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) with the […]
Adani Electricity Mumbai Ltd has been assigned a AAA credit rating by India Ratings, placing the private power distributor on par with India’s sovereign credit profile and marking a notable turnaround for a utility that was acquired from a financially distressed seller just eight years ago. The rating agency cited strong regulatory support, improving financial […]
Serene Communities, the senior living platform of Columbia Pacific Communities, has announced a ₹3,000 crore investment to develop 2.5 million sq ft of senior homes across 13 projects in Bengaluru, Chennai, Mysuru, Kochi, Hyderabad, and Pune with apartments priced between ₹70 lakh to ₹1.5 crore, Rajagopal G, Director and Group CEO, Serene Communities by Columbia […]
Ramana Iyer, a resident of Mumbai’s western suburbs, said the proposed redevelopment of his 40-year-old building has hit a roadblock as one member has an outstanding home loan of ₹45 lakh. According to Iyer, the homeowner has been unable to obtain a no-objection certificate (NOC) from the bank since the loan remains unpaid and is […]
HERE Solutions India Private Limited, an IT firm, has signed a long-term lease for commercial office space spanning 2.08 lakh sq ft in Mindspace Business Park, Airoli, Navi Mumbai, near Mumbai, at a total rent of ₹147 crore for 10 years, according to property registration documents accessed by Propstack. Mumbai real estate update: HERE Solutions […]
In one of the largest cluster redevelopment projects, 53 housing societies in Mumbai’s Kandivali area are planning to come together to redevelop their 26-year-old housing complex. The housing complex is located in the Maharashtra Housing and Area Development Authority (MHADA) layout and was built by MHADA in 2000. Mumbai redevelopment news: The Chhatrapati Shivaji Raje […]
As buildings touch the skies, apartment sizes shrink, and towers get packed so tightly that a neighbour just a few feet away can peer straight into your living room, the once-simple pleasure of stepping out for a quiet cup of tea on the balcony is steadily losing its charm. Worsening air quality, particularly in NCR […]