Mumbai’s Real Estate Market Set For A Boost As Metro Line 3 Expands
The second phase of Metro Line 3 (Aqua Line), which would connect Worli and Bandra Kurla Complex (BKC), is scheduled to open in April, bringing about a major change in Mumbai’s real estate market. Two of India’s most costly real estate hotspots—Worli, one of the most expensive residential neighbourhoods, and BKC, the city’s most expensive […]
Mumbai Metro Line 3 To Transform Real Estate Market, But Coastal Road To Benefit HNIs More
Mumbai’s real estate market is about to undergo a significant change in April when Metro Line 3 (Aqua Line) is extended to link Worli and Bandra Kurla Complex (BKC), two of the priciest real estate districts in India. Experts predict that the newly opened Mumbai Coastal Road would have a bigger influence on the demand […]
Amazon India Buys 38 Acres Near Mumbai for Rs 450 Crore
For Rs 450 crore, Amazon Data Services Pvt Ltd, a division of Amazon, purchased a 38-acre piece of property in Ambernath, close to Mumbai, from Macrotech Developers, better known as Lodha Group, which is led by Abhishek Lodha. According to property registration records that Propstack was able to uncover, the stamp duty payment for the […]
Developers, Including Lodha And K Raheja, Seek To Deregister 19 Projects
Real estate developers in Maharashtra, including Lodha Group, K Raheja Corp, Puranik, and Lokhandwala Infrastructure, have applied for the deregistration of up to 19 projects in cities like Mumbai, Thane, Pune, Nashik, and Nagpur. Out of the 19 real estate projects, three are up for deregistration by Lodha Group or Macrotech Developers and Palava Dwellers […]
Maharashtra Government Penalises Lodha Group with Rs 473 Crore for Stamp Duty Evasion
The Maharashtra government’s Stamps and Registrations department has imposed a Rs 473 crore penalty on the Lodha Group, a major real estate firm run by the family of senior BJP legislator Mangal Prabhat Lodha. The department accused the firm of deliberately avoiding stamp duty in a Rs 5,700 crore land deal in Wadala, central Mumbai. […]