Property News

Mumbai real estate market updates & industry insights

Why BMC Took Demolition Action at Rustomjee Crown
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Why BMC Took Demolition Action at Rustomjee Crown

26 Aug 2026 PROPi
Notandas Realty Plans ₹100 Crore Bandra West Redevelopment
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Notandas Realty Plans ₹100 Crore Bandra West Redevelopment
A 788 sq. metre property off Carter Road in Bandra West is set for redevelopment into a luxury residential tower with around ₹100 crore of planned investment.
Lodha, NITCO Plan ₹4,500 Crore Alibaug Project
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Lodha, NITCO Plan ₹4,500 Crore Alibaug Project
A 40-acre development at Thal and Lonare in Alibaug is planned with luxury apartments, townhouses and a boutique hotel.
45-Storey Commercial Tower Planned in 52-Acre Thane Project By Sugee
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45-Storey Commercial Tower Planned in 52-Acre Thane Project By Sugee
A new 52-acre waterfront development near Cadbury Junction will include a G+45 commercial tower with office spaces ranging from around 800 to 6,000 sq. ft.
2 Bandra Bungalows Set for ₹1,500 Crore Redevelopment
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2 Bandra Bungalows Set for ₹1,500 Crore Redevelopment
Gladhurst and Kavas Lodge in Bandra West are set to be replaced by two luxury residential towers on a prime site close to Carter Road.
28 Listed Developers Record ₹39,964 Crore Q1 Sales
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28 Listed Developers Record ₹39,964 Crore Q1 Sales
India’s 28 listed developers recorded ₹39,964 crore of Q1 FY27 pre-sales, down 21%, with new-launch activity playing a major role in company performance.
6 Premium Office Projects Planned Across Bandra, Khar and Santacruz
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6 Premium Office Projects Planned Across Bandra, Khar and Santacruz
Six commercial developments across Bandra, Khar and Santacruz West have been brought together under a new premium office portfolio.
₹1,000 Crore Redevelopment Project Planned on Bandra West Plot
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₹1,000 Crore Redevelopment Project Planned on Bandra West Plot
A one-acre sea-view redevelopment parcel off Carter Road is set for a luxury residential project involving an investment of around ₹1,000 crore.
Enterprise Office Expansions Add ₹235 Crore to Smartworks
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Enterprise Office Expansions Add ₹235 Crore to Smartworks
Expansion by existing corporate occupiers has added ₹235 crore in contracted rental revenue to Smartworks, highlighting demand for scalable managed workplaces.
Mumbai’s Top 10 Luxury Projects Clock ₹3,815 Crore Sales
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Mumbai’s Top 10 Luxury Projects Clock ₹3,815 Crore Sales
Mumbai’s top 10 luxury residential projects generated nearly ₹3,815 crore in registered transactions during Q1 FY27.
The Imperial Tardeo Construction Curbs Restored by Supreme Court
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The Imperial Tardeo Construction Curbs Restored by Supreme Court
Construction restrictions at The Imperial in Tardeo have been restored as a dispute involving existing homeowners and revised development plans continues.
686-Unit Kurla Redevelopment Scrutiny
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686-Unit Kurla Redevelopment Scrutiny
The 8.5-acre Taximen Colony redevelopment in Kurla is facing scrutiny following allegations concerning society records and developer selection.
Three Bandra Flats Sold to Shaan for ₹47.64 Crore
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Three Bandra Flats Sold to Shaan for ₹47.64 Crore
Three luxury apartments in Bandra West have been purchased by singer Shaan and his wife for ₹47.64 crore, highlighting demand for large premium homes.
Mumbai ₹5 Crore-Plus Home Sales Reach ₹14,903 Crore in Q1 FY27
Market News
Mumbai ₹5 Crore-Plus Home Sales Reach ₹14,903 Crore in Q1 FY27
Mumbai recorded 1,499 luxury residential registrations worth ₹14,903 crore in Q1 FY27, averaging around 16 ₹5 crore-plus transactions every day.
67,000 Maharashtra Housing Societies Await Deemed Conveyance
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67,000 Maharashtra Housing Societies Await Deemed Conveyance
Around 67,000 housing societies are awaiting deemed conveyance as Maharashtra moves to streamline ownership transfers and redevelopment processes.
Government Land Allotment Reopens for Maharashtra Housing Societies
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Government Land Allotment Reopens for Maharashtra Housing Societies
Government land can again be allotted to cooperative housing societies through auctions, creating a fresh land opportunity for Maharashtra's housing sector.
Metro 13 Gets ₹17,725 Crore Approval for Mira-Bhayandar–Virar Route
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Metro 13 Gets ₹17,725 Crore Approval for Mira-Bhayandar–Virar Route
The ₹17,725 crore Metro Line 13 has been approved with 16 stations connecting Mira-Bhayandar, Vasai, Naigaon, Nalasopara and Virar.
Arkade Adds Four Western Mumbai Redevelopment Projects
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Arkade Adds Four Western Mumbai Redevelopment Projects
Four redevelopment projects across Malad, Kandivali and Borivali will add around 15 lakh sq ft of projected saleable carpet area.
Water problems affects 4,338 Taloja flats
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Water problems affects 4,338 Taloja flats
Water supply problems affecting 4,338 flats in Taloja Phase 2 highlight the need to match residential development with adequate civic infrastructure.
Thane Property Tax Raised 12% for Homes, 20% for Commercial Properties
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Thane Property Tax Raised 12% for Homes, 20% for Commercial Properties
Thane has approved a 12% property tax increase for residential properties and a 20% increase for non-residential properties.
ED Flags RERA Disclosure and Cash Payments in Property Deals
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ED Flags RERA Disclosure and Cash Payments in Property Deals
The latest homebuyer advisory puts RERA disclosure, documented payments and property verification at the centre of real estate transactions.
ICICI Prudential AMC Plans ₹2,000 Crore Mumbai Redevelopment Fund
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ICICI Prudential AMC Plans ₹2,000 Crore Mumbai Redevelopment Fund
ICICI Prudential AMC’s proposed ₹2,000 crore residential fund highlights the growing role of institutional capital in Mumbai redevelopment.
Suraj Estate Adds Dadar Land as Q1 Sales Rise 74%
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Suraj Estate Adds Dadar Land as Q1 Sales Rise 74%
Suraj Estate Developers reported a 74% rise in Q1 sales to ₹141 crore and added a Dadar West land parcel with around ₹100 crore development potential.
Mumbai Plans DP Change for Jogeshwari-Andheri Temple Redevelopment
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Mumbai Plans DP Change for Jogeshwari-Andheri Temple Redevelopment
A proposed Development Plan modification could remove an open-space reservation from a 2,278 sq m plot to enable temple redevelopment.
Amitabh Bachchan's 8,428 Sq Ft Andheri West Office Leased for ₹33 Lakh Monthly
Celebrity
Amitabh Bachchan's 8,428 Sq Ft Andheri West Office Leased for ₹33 Lakh Monthly
Three commercial floors spanning approximately 8,428 sq ft in Andheri West have been leased for ₹33 lakh per month under a five-year agreement.
Peddar Realty Gets BMC Nod for Century Mill Redevelopment
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Peddar Realty Gets BMC Nod for Century Mill Redevelopment
Peddar Realty has received BMC committee approval for a 30-year lease of Century Mill land for redevelopment in Lower Parel.
GTB Nagar Redevelopment to Provide 635 Sq Ft Homes to Mumbai Refugees
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GTB Nagar Redevelopment to Provide 635 Sq Ft Homes to Mumbai Refugees
The redevelopment of 25 buildings at GTB Nagar highlights the growing opportunity to renew Mumbai's ageing residential stock through large-scale redevelopment.
Maharashtra Mulls 80% Payment Cap on Property Deals
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Maharashtra Mulls 80% Payment Cap on Property Deals
Maharashtra's proposed property payment cap could change collection schedules, developer cash flows and transaction structuring across the real estate market.
Taj Lands End faces additional ₹5.5 crore BMC tax penalty
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Taj Lands End faces additional ₹5.5 crore BMC tax penalty
A fresh ₹5.51 crore penalty claim from BMC has taken the cumulative property tax penalty relating to Taj Lands End in Bandra to ₹103.08 crore, bringing property-level statutory due diligence into focus.
Julius Baer rents around 74,000 sq ft in Andheri East
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Julius Baer rents around 74,000 sq ft in Andheri East
Julius Baer’s 74,000 sq ft office lease in Andheri East highlights sustained demand for premium Grade A commercial space in Mumbai.