BMC proposes hike in penalty against pollution at construction sites

Mumbai: The Brihanmumbai Municipal Corporation (BMC) has proposed a fivefold hike in penalties for violating air pollution norms, raising the minimum fine from ₹10,000 to ₹50,000. The Brihanmumbai Municipal Corporation (BMC) has proposed a fivefold hike in penalties for violating air pollution norms, raising the minimum fine from ₹10,000 to ₹50,000. (Photo by Raju Shinde/HT […]

Japan’s Sumitomo Realty puts India bet on Mumbai and serviced apartments

By Dhwani Pandya FILE PHOTO: A construction worker looks on at a construction site by Goisu Realty, the Indian subsidiary of the Japanese company Sumitomo Realty & Development Company in Mumbai, India, November 26, 2025. REUTERS/Francis Mascarenhas/File Photo (REUTERS) MUMBAI, Dec 18 (Reuters) – Japan’s Sumitomo Realty and Development, the country’s third-largest developer, plans to […]

Mumbai real estate: Santacruz West bungalow sells for ₹164 crore in a major luxury deal

In one of the largest standalone land purchases in Mumbai, a subsidiary of luxury real estate developer ZYJ Builders and Developers has acquired the Dwarka Bungalow in Santacruz for ₹164 crore, according to documents accessed by data analytics firm Zapkey. Mumbai-based luxury developer ZYJ Estates LLP has bought the Dwarka Bungalow in Santacruz for ₹164 […]

Mumbai real estate: Maharashtra plans major overhaul of pagdi system. Here’s all you need to know

Maharashtra Deputy Chief Minister Eknath Shinde has announced a new regulatory framework to redevelop Mumbai’s ‘Pagdi’ buildings, describing it as a “historic decision” aimed at eventually eliminating such properties from the city. Speaking in the legislative assembly, Shinde said the move will expedite redevelopment of old structures, prevent collapses, and reduce loss of life and […]

Amnesty scheme for Occupation Certificates for over 20K buildings in Mumbai

MUMBAI: With two final phases of local body polls on the anvil, the state government has announced yet another amnesty scheme for residents of over 20,000 buildings in Mumbai seeking occupation certificates (OC). They can now seek a 50% waiver on payments of premium charges on fungible area and floor space index (FSI) utilised. Additionally, […]

Hrithik Roshan’s parents rent out a commercial space in Mumbai for ₹14.5 lakh monthly rent to FabIndia

Hrithik Roshan’s father, Rakesh Roshan and his wife, Pramila Rakesh Roshan, have leased out a commercial space to Fabindia Limited for a monthly rent of ₹14.5 lakh in Mumbai, according to documents accessed by CRE Matrix. Hrithik Roshan’s father, Rakesh Roshan, and his wife, Pramila Rakesh Roshan, have leased a Mumbai commercial space to Fabindia […]

Brokerage firm Sharekhan Ltd sells office space in Mumbai’s Dadar for ₹45 crore

Indian stock broking firm Sharekhan Limited has sold an office space in Mumbai’s Dadar area for ₹45 crore, according to property registration documents accessed by CRE Matrix. Mumbai real estate update: Indian stock broking firm Sharekhan Limited has sold an office space in Mumbai’s Dadar area for ₹45 crore.(Representational Image) (Unsplash ) The company had […]