Residents of Mumbai were becoming worried about the unlawful reclamation of the Wadala salt pans, which threatened a saltwater lake and adjoining mangroves. Land-grabbing was reportedly harming the ecosystem at Eastern Freeway entrance and exit sites.

A K Raheja Corp. affiliate, Inorbit Malls (India), has paid approximately ₹400 crore to buy a retail property in Hubli, Karnataka, as a strategic foray into Tier-2 cities. The building, called Akshay Sky Mall, has a gross built-up area of around 650,000 square feet.

In Karnataka, DC conversion is required before utilising agricultural land for residential, commercial, or industrial uses. Ghar provides a tutorial on DC Conversion of Agricultural Land in Karnataka to assist you understand the procedure and prevent any legal difficulties.

Five ring roads are being built as part of a megacity inter-linking project to improve traffic flow and connectivity. The proposed Orange Gate tunnel will link the Freeway and Coastal Road at Marine Drive on the southernmost ring road. Mumbai will connect to Thane, Palghar, and Alibaug.

News reports say the Municipal Corporation of Greater Mumbai (MCGM) has stopped construction at Piramal Realty subsidiary Glider Buildcon Realtors. The notice halts high-rise residential tower building near the Rani Baug Zoo in Byculla, South Mumbai.

Japan’s Sumitomo Corporation Group has made a major move in Mumbai’s real estate market by acquiring a nearly 2-acre prime land parcel in Worli from the Wadia Group’s Bombay Dyeing & Manufacturing Company for ₹440 crore. This deal further solidifies Sumitomo’s presence Indian real estate.

The Indian Institute of Management (IIM) Mumbai, founded last year in Powai, will undergo a comprehensive renovation. An INR 800 crore ($100 million) makeover of the institute's 64-acre campus is planned.

Known for its renewable energy solutions, Suzlon Energy sold its headquarters, One Earth, in Hadapsar, Pune, for ₹440 crore to monetise non-core assets and drive expansion. OE Business Park (OEBPPL), backed by 360 ONE Alternates Asset Management funds, bought the land.

Arnya Real Estate Fund Advisors, an alternative investment management business, will launch its first real estate debt fund to invest in India's top eight property markets, raising around ₹1,000 crore. The Arnya Real Estate Fund—Debt offers a ₹1,000 crore green-shoe option.

In 2024, Mumbai sold 21 of 25 ultra-luxury properties in India's top 25 cities. HNIs and ultra-HNIs drove demand for mansions exceeding Rs 40 crore, worth Rs 2,443 crore. Mumbai, Hyderabad, Gurugram, and Bengaluru became luxury property hotspots as transactions increased.

Godrej Housing financing, Aadhar Housing Finance, and HUDCO were fined by the RBI for not following its housing financing guidelines. Inspections under the National Housing Bank Act led the RBI to cite erroneous loan appraisals, early interest charges, and poor risk management, etc.

The most Indian Green Building Council (IGBC)-registered projects are in Maharashtra, followed by Uttar Pradesh and Gujarat. Over 7,000 IGBC-certified projects encompass 1,370 million square feet of built-up area in India, demonstrating its dedication to sustainability.

In the June quarter, India's top 21 listed real estate developers sold approximately ₹35,000 crore in homes, with Godrej homes having the largest sales bookings. This strong result shows rising customer demand for premium properties.

Adarsh Developers, a leading real estate developer, repaid a ₹750 crore structured financing arrangement from Edelweiss Alternative Asset Advisors in 2022 progressing towards financial stability.

Godrej Properties Ltd. (GPL) won an e-auction held by the Haryana Shehri Vikas Pradhikaran (HSVP) and successfully acquired two prime luxury group housing plots in Gurugram with a winning offer of ₹515 crore.