All posts tagged: Mumbai real estate

Mumbai redevelopment comes with ‘plenty of risks’ but looks ‘very attractive’, says Boman Irani of Rustomjee Group

Mumbai redevelopment comes with ‘plenty of risks’ but looks ‘very attractive’, says Boman Irani of Rustomjee Group

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Mumbai redevelopment comes with ‘plenty of risks’, but everybody is jumping on the bandwagon because it looks ‘very attractive’, with redevelopment opportunities worth nearly ₹1.30 lakh crore expected to emerge by 2030, said Boman Irani, CMD of Rustomjee Group also known as Keystone Realtors. Mumbai real estate market’s redevelopment segment comes with ‘plenty of risks’, but everybody is jumping on the bandwagon because it looks ‘very attractive’, said Boman Irani, CMD of Rustomjee Group. (LinkedIn ) “There are plenty of risks when it comes to redevelopment, and people do not know what it is all about, but everybody is getting on this gravy train only because it looks very, very attractive,” he said, adding that redevelopment opportunities worth nearly ₹1.30 lakh crore are expected to emerge by 2030. According to Irani, redevelopment has plenty of risks, but everybody is getting on this gravy train because it looks attractive. “People don’t know what redevelopment is all about, but everybody is getting on this gravy train only because it looks very, very attractive. Redevelopment opportunities worth ₹130,000 …

Wealth Report 2026| India News

Wealth Report 2026| India News

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A budget of $1 million (approximately ₹9.4 crore) now buys less real estate in Mumbai compared to five years ago, underlining the city’s worsening affordability, even for the ultra-rich. Compared to other cities globally, though, Mumbai’s 9% drop in space purchasable for $1 million between 2020 and 2025 is far from the steepest. (PTI) That’s not the case in India’s two other metropolises, Delhi and Bengaluru, where the real estate area purchasable for $1 million has increased in this period, even if marginally. These are the findings of the Wealth Report 2026, released by international property consultant Knight Frank on Thursday. The report reveals that in Q4 2025, $1 million bought 96 sqm (1,033.33 sq ft) of real estate in Mumbai, down from 106 sqm (1,140.97 sq ft) in Q4 2020. This decrease in purchasing capability has been driven by limited land availability, coastal constraints and strong global investor appeal, the report said. In contrast, affordability has improved in other metros. In Delhi, the area purchasable for $1 million increased marginally from 202 sq m …

Bollywood actor Tabu buys ₹10-crore-plus apartment in Mumbai’s Versova area

Bollywood actor Tabu buys ₹10-crore-plus apartment in Mumbai’s Versova area

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Tabu, whose full name is Tabassum Fatima Hashmi, has purchased a 2,153 sq ft apartment in Versova, Mumbai, for ₹10 crore from Godrej Properties, according to property registration documents accessed by Liases Foras. Tabu has purchased a 2,153 sq ft apartment in Mumbai’s Versova for ₹10 crore, as per property registration documents. (Instagram/ Tabu) According to the property registration documents, the apartment was purchased in the Godrej Skyshore building in Mumbai’s Versova area. The apartment’s purchase was registered on March 26, 2026, for which a stamp duty of ₹5.24 lakh and a registration fee of ₹30,000 were paid, according to the sale deed documents. Documents show Tabu purchased the apartment along with two car parking spaces. The apartment measures around 21,53 sq ft and also includes a balcony of around 127 sq ft. All about the project where Tabu has invested in an apartment According to the documents, the Godrej Skyshore project is being built on a land area measuring over 27,000 sq ft. The project will have two towers, Tower A and Tower B, …

Dharavi redevelopment: Maharashtra govt authorities appeals residents to vacate Matunga railway land before the monsoon

Dharavi redevelopment: Maharashtra govt authorities appeals residents to vacate Matunga railway land before the monsoon

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The Dharavi Redevelopment Project (DRP) Authority has urged slum dwellers on railway land in Mumbai’s Matunga to vacate their homes ahead of the monsoon to facilitate redevelopment and rehabilitation work. A public notice has been issued in this regard.. Dharavi Redevelopment Project (DRP) Authority has appealed to slum dwellers on railway land in Mumbai’s Matunga to vacate their homes for redevelopment and rehabilitation before the monsoon. (Picture for representational purposes only) (Gemini Generated Photo ) According to the public notice, the appeal is specifically directed at residents of Ganesh Nagar-Meghwadi, SVP Nagar, Azad Nagar A and B, Azad Nagar C, and Kamala Raman Nagar, the areas that need to be vacated to build key-to-key rehab facilities for lakhs of people at Dharavi. The officials said that the DRP authorities have urged residents to start vacating their tenements before the onset of the monsoon or the beginning of the new academic year. Officials said timely cooperation will allow rehabilitation construction to begin without delays and help avoid inconvenience to people living in the surrounding areas. “Early …

Mumbai: BMC panel to table amnesty scheme today for issuing occupation certificates to housing societies

Mumbai: BMC panel to table amnesty scheme today for issuing occupation certificates to housing societies

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In a significant move, the Mumbai Civic body, also known as the Brihanmumbai Municipal Corporation (BMC), is expected to table a key policy framework, or amnesty scheme, on April 8, to grant occupation certificates (OCs) to thousands of housing societies in Mumbai that are yet to obtain them, sources told Hindustan Times Real Estate. Mumbai real estate: The Mumbai Civic body, also known as the Brihanmumbai Municipal Corporation (BMC), is expected to table a key policy framework, or amnesty scheme, on April 8 to grant OC to thousands of housing societies in Mumbai. (Picture for representational purposes only) (Gemini Generated Photo ) In September 2025, the Maharashtra government announced that it would issue a policy with rules and processes for housing societies to obtain an OC. What is BMC’s Amnesty Scheme for obtaining OC? The scheme will allow the legalisation of housing societies with an OC upon payment of the applicable charges. The charges will vary based on the type, size, and extent of approval and violations. The aim is to ensure all housing societies …

Shreya Ghoshal buys another luxury apartment for ₹30 crore in Mumbai’s Worli

Shreya Ghoshal buys another luxury apartment for ₹30 crore in Mumbai’s Worli

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Playback singer Shreya Ghoshal, along with her parents Sarmistha Ghoshal and Biswajit Ghoshal, purchased another apartment in Worli for ₹30 crore, according to property registration documents accessed by CRE Matrix. Playback singer Shreya Ghoshal, along with her parents Shamishtha Ghoshal and Biswajit Ghoshal, has purchased another apartment in Mumbai’s Worli for ₹30 crore, (Representative photo) This marks their second purchase in the same building. The family had earlier acquired a ₹29.7 crore”>2,750.3 sq ft apartment there for ₹29.7 crore. According to the documents, the second apartment is located at Godrej Trilogy, Worli, a sea-facing luxury residential development.. The apartment has an area of 2,777.84 sq ft and comes with three car parkings. The transaction involved stamp duty payment of ₹1.8 crore and registration charges of ₹30,000. The deal was registered on April 1, 2026. The Agreement for Sale has been signed between Embellish Houses Private Limited, Akshay Sthapatya Private Limited and Sarmistha Ghoshal, Bishwajit Ghoshal and Shreya Ghoshal. Shreya Ghoshal could not be reached for a comment. Worli real estate market Worli in central Mumbai …

Shreya Ghoshal buys a premium apartment for ₹29.7 crore in Mumbai’s Worli

Shreya Ghoshal buys a premium apartment for ₹29.7 crore in Mumbai’s Worli

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Playback singer Shreya Ghoshal, along with her mother Shamishtha Ghoshal and father Biswajit Ghoshal, has purchased an apartment in Worli, Mumbai, for ₹29.70 crore, according to property registration documents reviewed by Square Yards. Shreya Ghoshal, along with her mother Shamishtha Ghoshal and father Biswajit Ghoshal, has purchased an apartment in Worli, Mumbai, for ₹29.70 crore (Photo for representational purposes only) (Instagram) As per IGR property registration records accessed by Square Yards, the apartment is located in Godrej Trilogy, Worli. The property has a carpet area of 2,430.06 sq ft (225.76 sq m) and a total area of 2,750.28 sq ft (255.51 sq m), and comes with three car parking spaces. The transaction involved a stamp duty payment of ₹1.78 crore and registration charges of ₹30,000. The deal was registered on April 1, 2026, the documents showed. Worli in central Mumbai has become a hotspot for several luxury projects after South Mumbai, Lower Parel, Prabhadevi, and Bandra. The micro market has several projects priced above ₹1 lakh per sq ft. Shreya Ghoshal could not be reached …

Mumbai real estate: John Abraham’s firm renews rent for Bandra West property for ₹12 lakh per month

Mumbai real estate: John Abraham’s firm renews rent for Bandra West property for ₹12 lakh per month

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Bollywood actor John Abraham’s firm JA Entertainment Private Limited, has renewed the lease of a premium Bandra West property at Pali Hill, for a monthly rent of ₹12 lakh for two years, according to documents accessed by Zapkey. John Abraham has renewed the lease of his Bandra West property at ₹12 lakh/month for two years via JA Entertainment, as per Zapkey data. (SUJIT JAISWAL / AFP) The lease was renewed on February 6, 2026, the document showed. Earlier, in 2023, Abraham had leased the same property for ₹11 lakh per month, with Bajaj Builders as the landlord, documents showed. The property, called Supreme ArtVeda, spans a RERA carpet area of 3,158 sq ft with an additional balcony area of 97.62 sq ft, bringing the total area to 3,255.75 sq ft. The rental agreement is for two years, with a deposit of ₹66 lakh. The rent will be increased to ₹12.5 lakh after 12 months, the order said. A list of queries has been sent to JA Entertainment. The story will be updated once a response …

Malaika Arora has given her apartment on lease in Mumbai’s Bandra for a total rent of ₹1.17 crore

Malaika Arora has given her apartment on lease in Mumbai’s Bandra for a total rent of ₹1.17 crore

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Malaika Arora has given an apartment on rent in Mumbai, for a period of three years at a total rent of ₹1.17 crore, according to property registration documents accessed by SquareYards Malaika Arora has given an apartment on rent in Mumbai, for a period of three years at a total rent of ₹1.17 crore. (Picture for representational purposes only) (Instagram) According to property registration documents, the apartment in a building named Vida near Carter Road in Bandra West was rented for 36 months at a starting monthly rent of ₹3.10 lakh. The rent increases by 5 per cent annually, and for the second year, it will be ₹3.25 lakh, and ₹3.41 lakh in the third year. Accordingly, the cumulative rental value over the entire three-year term is Rs. 1.17 crore, SquareYards said. The deal was registered on March 18, 2026, for which a stamp duty of Rs. 30,819 and registration charges of Rs. 1,000 were paid. Also Read: Redevelopment or early exit? What Mumbai homeowners can learn from Preity Zinta’s apartment sale The apartment has …

Kalpataru signs redevelopment project in Mumbai’s Andheri with an estimated potential of ₹1,400 crore

Kalpataru signs redevelopment project in Mumbai’s Andheri with an estimated potential of ₹1,400 crore

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Mumbai-based listed developer Kalpataru Limited signed an agreement to redevelop a housing project on a three-acre land parcel in Andheri, with an estimated gross development value (GDV) of more than ₹1,400 crore. Mumbai real estate update: Kalpataru Limited signed an agreement to redevelop a housing project on a three-acre land parcel in Andheri. (Picture for represrentational purposes only) (Gemini Generated Photo ) The company has secured redevelopment rights for Shree Mahalakshmi CHS, a housing society located off Veera Desai Road in Andheri West. According to a company statement, the project covers three acres and has a total development potential of about 0.4 million sq ft of carpet area. The redevelopment is expected to include around 350 flats for sale. It will add to Kalpataru’s project pipeline, as the company continues to focus on redevelopment opportunities across the Mumbai Metropolitan Region (MMR). Also Read: LPG crisis in India hits restaurants: Could it pressure retail rents and trigger tenant–landlord renegotiations? The neighbourhood benefits from well-established social infrastructure, including reputed schools and colleges, leading healthcare facilities, retail destinations, …