BMC Cracks Down On Illegal Slums Amid Coastal Road Land Grab Fears
Concerns over a planned land grab by developers vying for control of prized real estate along Mumbai’s western shore have been raised by more than 100 recently constructed tenements on reclaimed land close to the Coastal Road retaining wall in Worli. These structures, located in Markandeshwar Nagar, Mahatma Jyotiba Phule Nagar, and Madraswadi, are now […]
Record Rs 12,300 Crore in Luxury Home Sales in Mumbai for First Half of 2024
Mumbai’s luxury home market reached an all-time high, achieving ₹12,300 crore in sales during the first half of 2024. This surge is attributed to the growing demand for upscale apartments, particularly in the Worli area, which alone contributed to over a third of these sales. In comparison, the same period last year saw ₹11,400 crore […]
From Luxurious to Economical: Bandra West real estate market flourishes in May
Bandra West, a wealthy and multicultural district located in western Mumbai, is well-known for its sophisticated way of life and lively culture. This hip area, which has tree-lined avenues, heritage bungalows, and modern high-rises, blends old-world beauty with contemporary conveniences. Bandra West is known for its vibrant nightlife and entertainment, with many of cafés, restaurants, […]
Five property developers are placed under judicial custody till July 1 by the court for defrauding a 64-year-old widow of ₹1 crore
A designated court on Friday ordered five “Suchit Developers” partners to judicial custody until July 1 in connection with an alleged Rs. 1 crore fraud against a 64-year-old widow who was defrauded of her Bandra West apartment that she purchased in 2005. The investigation officer (IO) is allegedly working in concert with the accused, Lachman […]
Mumbai real estate: Due to increased demand, the luxury home market is booming.
In the first quarter of 2024, sales of luxury homes see a sharp increase in Mumbai, the financial hub of India. Nearly 85,000 residential units were sold between January and March 2024, up 8% from the same period the previous year, according to a recent report from CBRE South Asia. The luxury market has seen […]