Kiran Gems' managing director, Mavjibhai Patel, bought a magnificent sea-view flat at Oberoi 360 West, situated in South Mumbai's affluent Worli neighbourhood, for over 97 crore. The transaction, recorded on April 29, included a stamp duty payment of almost ₹5.84 crore.

With a landmark verdict, a Mumbai consumer commission ordered a development company to pay purchaser Neela Pawar with INR 8.5 lakh and return INR 7.5 lakh for failing to get licences for a Kandivli redevelopment project. This ruling shows the consequences of unlicensed redevelopment.

Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered the termination of sale agreements between a developer and purchasers who missed payment deadlines in an unprecedented action.

Vasai-Virar City Municipal Corporation has introduced an online system for property tax payments and accessing 51 different types of documents. This move greatly benefits residents by eliminating the need to visit the municipal office repeatedly, saving time and effort.

Luxury skyscrapers in South Mumbai impose financial challenges on occupants. Luxury living in south Mumbai is exemplified by Tardeo's 60-story Imperial Heights, with 220 apartments of various sizes. Maintaining and paying property tax might cost residents Rs 70,000 to Rs 2 lakh per month.

Dadar, Mumbai's crown gem, is becoming a luxury residential destination. Dadar, a bustling business and residential district, is known for high-end real estate. This expansion is driven by its strong connections, making it a destination for luxury residences.

Omaxe raised 450 crore from Kotak Mahindra Bank Limited. This strategy helped Omaxe repay a lot of its debt. This money paid off the April 2022 Värde Partners debt with Rs 290 crore.

Narendra Modi opened the Mumbai Trans Harbour Link (MTHL), also known as Atal Bihari Vajpayee Sewri Nhava Sheva Atal Setu, for public commuters. This massive six-lane sea bridge, 21.8 km long and 16.5 km across the sea, shows India's infrastructure.

Homebuyers are encouraged by rising house affordability in key Indian cities. The percentage of income needed to pay monthly home loan payments has reduced despite rising mortgage rates over the last year.

Bandhan Bank will sell its ₹775-crore affordable house loan portfolio to Avenue Capital-backed Arcil for ₹280 crore. A planned cash transaction by the bank addresses financial challenges for low-income households struggling to repay housing loans of ₹10-12 lakh.

Suraj Estate Developers, situated in Mumbai, plans to raise 400 crore via a main market share sale. The residential and commercial firm plans to use ₹285 crore for debt payments for both itself and its subsidiaries. The corporation would also spend 35 crore on property or land development rights.

Despite rising interest rates over the last 18 months, asset quality has improved in the Indian home financing market. Rising incomes have offset greater monthly payments, ensuring stability.

Arete Group announced that Silox India purchased 35 acres of prime industrial land at PIP (Payal Industrial Park) in Dahej, Gujarat. Land was bought by Arete Group. Inorganic chemical company Silox India is based in Belgium.

After paying 1,601 crore for the 22-floored Air India Building in Nariman Point, which has transformed Mumbai's reclaimed southern tip into one of Asia's largest and most expensive financial districts, several Maharashtra government departments will move in.

In a grand real estate move, Bollywood's acclaimed actor, Manoj Bajpayee, alongside his wife Shabana Bajpayee, has made a significant investment in Mumbai's prime Oshiwara district.