Maharashtra buys the famous Air India building at Nariman Point, Mumbai, for INR 1,601 crore. New state development and strategic planning begin with this historic purchase.

The Mumbai real estate market in 2023 has survived global economic storms and reached unprecedented heights, signifying a turning point. A strong economy, growing disposable incomes, a tendency towards bigger living spaces have laid the groundwork for Mumbai real estate in 2024.

A cash flow surplus helped Mumbai-based Sunteck Realty reduce its net debt. This excess, mostly from Satguru Infocorp Services and Starlight Systems' 60 lakh share sales, would be used to accelerate the company's commercial activities.

Mahindra Lifespace Developers has made a significant move by acquiring 5.38 acres of prime land in the vibrant Wagholi neighborhood of Pune. This strategic acquisition promises a remarkable development potential of over 1.5 million square feet of saleable area.

Ravi will oversee the commercial office division's sales, marketing, and strategic planning, and he will be accountable for increasing the company's income from asset management and improving its bottom line.