All posts tagged: real estate

Can homebuyers seek a refund if a developer changes a bungalow’s design and layout after booking? MahaRERA clarifies

Can homebuyers seek a refund if a developer changes a bungalow’s design and layout after booking? MahaRERA clarifies

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has clarified that homebuyers can seek a refund if substantial disputes arise regarding changes to a property’s layout and design after booking, particularly when such changes lead to a complete breakdown of the contractual relationship between the parties. MahaRERA has clarified that homebuyers can seek a refund if substantial disputes arise regarding changes to a property’s layout and design after booking (Picture for representational purposes only) (Gemini Generated Photo) MahaRERA held that the complainants were entitled to a refund of the entire amount paid to the developer, along with interest, excluding amounts paid towards taxes, stamp duty, registration fees and other statutory charges paid to government authorities. The authority directed the developer to refund the amount paid by the homebuyers, together with applicable interest, within 60 days of the order. In its order, MahaRERA observed that the contractual relationship between the parties had “irretrievably broken down” and that neither side was willing to proceed with the transaction. It noted that compelling either party to continue with the agreement …

Accenture leases over 1 million sq ft office space in Hyderabad for 10 years at a total rent exceeding ₹1,000 crore

Accenture leases over 1 million sq ft office space in Hyderabad for 10 years at a total rent exceeding ₹1,000 crore

Accenture Solutions Pvt Ltd has leased approximately 1 million sq ft of commercial office space in Hyderabad for a period of 10 years at a total rent of over ₹1,000 crore, according to property registration documents accessed by CRE Matrix. Hyderabad real estate market: Accenture Solutions Pvt Ltd has leased approximately 1 million sq ft of commercial office space in Hyderabad for a period of 10 years at a total rent of over ₹1,000 crore. (Picture for representational purposes only) (Pexels ) According to the documents, the space was leased in a building named Aparna Technopolis, a commercial development in Kondapur, Hyderabad’s western office corridor, owned by Aparna IT Hub LLP. The leased premises comprise units spread across floors 1 to 11 of Block A and Floors 2 to 11 of Block B of the project. In total, Accenture has leased approximately 10,16,912 sq ft of office and allied space. Documents show that the lease agreement was registered on June 10, 2026. The transaction was executed between Aparna IT Hub LLP, the lessor, and Accenture …

Preity Zinta rents a luxury apartment in Mumbai’s Pali Hill for ₹6 lakh per month on a two-year lease

Preity Zinta rents a luxury apartment in Mumbai’s Pali Hill for ₹6 lakh per month on a two-year lease

Bollywood actor Preity G Zinta has rented an apartment in Mumbai’s upscale Pali Hill locality in Bandra (West) for two years, at a starting monthly rent of ₹6 lakh, according to documents accessed by CRE Matrix. Bollywood actor Preity G Zinta has rented an apartment in Mumbai’s upscale Pali Hill locality in Bandra (West) for two years, (Photo for representational purposes only) (HT_PRINT) The leave-and-license agreement states that the apartment in the Art Veda building spans 1,500 sq. ft. and includes a 100 sq. ft. parking space. The property has been leased from MS Union Land and Building Society Ltd under an agreement that came into effect on May 27, 2026. As per the agreement, the monthly licence fee is ₹6 lakh for the first 12 months, then increases to ₹6.5 lakh per month for the remaining 12 months. The transaction also includes a security deposit of ₹27 lakh, the documents showed. Preity Zinta and the landlord could not be reached for a comment. Other real estate transactions by Preity Zinta Earlier this year, Preity …

Kalki Koechlin sells apartment in Mumbai’s Andheri West for ₹2.55 crore

Kalki Koechlin sells apartment in Mumbai’s Andheri West for ₹2.55 crore

Actor Kalki Koechlin sold an apartment in Mumbai’s Andheri West for ₹2.55 crore, according to property registration documents reviewed by Square Yards. The actor had purchased the apartment for ₹1.95 crore in December 2015. Mumbai real estate update: Actor Kalki Koechlin sold an apartment in Mumbai’s Andheri West for ₹2.55 crore, according to property registration documents. (HT Files) The apartment is located in Varsova Kiran Co-operative Housing Society Ltd, Andheri West, and has a carpet area of 1,230 sq ft. The buyer is Yuvraj Ahuja, as per the registration documents. The transaction was registered on April 21, 2026. Documents show that a stamp duty of ₹16.08 lakh and registration charges of ₹30,000 were paid for the deal. According to SquareYards, considering Koechlin originally purchased the apartment in December 2015 for Rs. 1.95 crore, with the current transaction valued at Rs. 2.55 crore, the actor recorded an appreciation of approximately Rs. 60 lakh on the property over a holding period of roughly 10 years, reflecting a capital gain of around 31% on her original investment. Kalki …

Kriti Sanon and family sell four apartments in Mumbai’s Andheri for ₹8.9 crore

Kriti Sanon and family sell four apartments in Mumbai’s Andheri for ₹8.9 crore

Bollywood actress Kriti Sanon, along with her sister Nupur Sanon and mother Geeta Sanon, sold four apartments in Mumbai’s Andheri West for a combined ₹8.9 crore, according to property registration documents reviewed by Square Yards. The buyer is filmmaker and casting director Mukesh Chhabra. Mumbai real estate: Kriti Sanon along with her sister and mother sell four apartments in Mumbai’s Andheri for ₹8.9 crore. (AFP) The Sanon family acquired the four apartments between 2013 and 2017 for a total consideration of approximately ₹4.31 crore. With the latest transactions valued at ₹8.9 crore, the family realised an appreciation of around ₹4.6 crore, translating into a capital gain of nearly 107% over a holding period of nine to 13 years, according to Square Yards. Property registration documents show that the sale was executed through four separate transactions, all registered on April 24, 2026. Two larger apartments in Raheja Classique, Andheri West, sold for ₹3.23 crore each. The units have a built-up area of 654.23 sq ft each and include one car parking space each. Both transactions attracted …

Mumbai’s ₹3 lakh-per-sq-ft luxury homes still face a 10% water cut. Here’s why

Mumbai’s ₹3 lakh-per-sq-ft luxury homes still face a 10% water cut. Here’s why

Mumbai’s housing market continues to scale new heights, with luxury projects in sought-after neighbourhoods such as Worli and Malabar Hill commanding prices of nearly ₹3 lakh per sq ft. Yet behind the record-breaking sales and gleaming towers lies a stark reality: for nearly a month, residents across the city, including those living in some of its most expensive homes, have been dealing with a 10% water cut imposed by Brihanmumbai Municipal Corporation (BMC). The situation underscores a widening gap between real estate growth and the city’s infrastructure capacity. Mumbai’s real estate market continues to scale new heights, with luxury projects in sought-after neighbourhoods such as Worli and Malabar Hill commanding prices of nearly ₹3 lakh per sq ft. Yet behind the record-breaking sales and gleaming towers lies a stark reality of a 10% water cut. (Picture for representational purposes only) (Gemini Generated Photo ) According to real estate experts, while real estate has expanded rapidly, water infrastructure has struggled to keep pace with the city’s growing population and rising demand. Mumbai draws most of its …

STT Global Data Centres acquires Navi Mumbai land for ₹282 crore to develop data centre

STT Global Data Centres acquires Navi Mumbai land for ₹282 crore to develop data centre

STT Global Data Centres India Private Limited has acquired a 14,093 sq m industrial land parcel along with an existing built-up structure measuring 6,828 sq m in Navi Mumbai for ₹282 crore to develop a data centre, documents accessed by CRE Matrix showed. STT Global Data Centres India Private Limited has acquired a 14,093 sq m industrial land parcel measuring 6,828 sq m in Navi Mumbai. (Photo for representational purposes only) (Pexels) The property consists of a land parcel measuring 14,093 square metres, along with an existing built-up structure of 6,828 square metres, the documents showed. The plot is located in the TTC Industrial Area, a major industrial and commercial hub in Navi Mumbai. STT Global Data Centres India Private Limited, the data centre service provider backed by Tata Communications Ltd, acquired the land parcel and built-up property in Navi Mumbai from Mumbai-based publishing services firm Repro India Limited for ₹282 crore, the documents showed. The property was transferred through a Deed of Assignment executed on May 22, 2026. The transaction attracted a stamp duty …

Akshay Kumar sells two flats in Borivali, Mumbai, for ₹7.1 crore

Akshay Kumar sells two flats in Borivali, Mumbai, for ₹7.1 crore

Bollywood actor Akshay Kumar has sold two apartments in Oberoi Sky City, Borivali (East), Mumbai, for a combined consideration of ₹7.1 crore, according to property registration documents accessed by CRE Matrix. Akshay Kumar has sold two apartments in Oberoi Sky City, Borivali (East), Mumbai, for a combined consideration of ₹7.1 crore (Photo for representational purposes only) (Instagram) The larger apartment, on a higher floor, has a carpet area of 1,101 sq ft and was sold for ₹5.75 crore. The transaction attracted a stamp duty of ₹28.75 lakh and includes two car parking spaces, the documents showed. The second unit on the same floor measures 252 sq ft and was sold for ₹1.35 crore. The buyer paid ₹6.75 lakh in stamp duty, and the transaction includes one car parking space, the documents showed. Both properties were purchased by Suvarna Rupeshkumar Sakpal through transactions registered on June 2, 2026. Akshay Kumar had originally acquired the two apartments from Incline Realty Pvt Ltd in November 2017. He purchased the first flat for ₹3 crore and the second flat …

Raymond Realty ‘cautious’ on South Mumbai real estate, to enter only if ‘returns make sense’: Harmohan Sahni, MD and CEO

Raymond Realty ‘cautious’ on South Mumbai real estate, to enter only if ‘returns make sense’: Harmohan Sahni, MD and CEO

Raymond Realty is taking a ‘cautious’ approach towards the South Mumbai real estate market and will enter the segment only if deal structures and expected returns meet its internal benchmarks, according to Harmohan Sahni, MD and CEO of the company. Mumbai real estate update: Raymond Realty is taking a ‘cautious’ approach towards the South Mumbai real estate market and will enter the segment depending on the deal structures, said Harmohan Sahni, MD and CEO. (Raymond Realty) Sahni said the company will continue to focus on Mumbai’s western and eastern suburbs, as well as the Bandra Kurla Complex (BKC), which it views as a strong employment hub with sustained housing demand across market cycles. “South Bombay (Mumbai) we are very cautious because we have a certain view on this market and we will only be present in South Bombay market if it makes sense to us in terms of deal structure and the returns that we will get,” he said at a recently held investors’ call. On the impact of the ongoing US-Iran war, Sahni said …

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

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 …