Indian Infrastructure Industry News & Updates
JM Financial buys two sea-view luxury apartments in South Mumbai’s Malabar Hill for Rs 60 crore
Integrated financial services group JM Financial has bought two sea-view luxury apartments on Little Gibbs Road of South Mumbai’s plush Malabar Hill locality in separate transactions for Rs 60 crore.
Wadia and Birla at loggerheads again over Mumbai realty project
Wadia Group chairman Nusli Wadia has alleged that Century Textiles and Industries’ (CTIL) sprawling real estate project at Worli in Mumbai is built on “disputed” land. This rekindles a long-standing war between the Birla and Wadia families over the land parcel.
Mumbai property registration scales yet another peak with 11,744 deals in best-ever April
Property registration in Mumbai, the country’s biggest and most expensive real-estate market, continues its record-setting spree. April saw fresh peaks for the Maximum City even after the government raised ready reckoner and stamp duty rates for apartments in the city that’s home to the world’s most expensive private residence in its exclusive southern tip.
Luxury housing sales in Mumbai and Pune at a four-year high: Report
Luxury housing sales in Mumbai (apartments worth over Rs 10 crore) and Pune (apartments worth over Rs 5 crore) was highest in 2021 in four years and may set a new record in 2022, according to a joint report by India Sotheby’s International Realty and CRE Matrix.
Polycab India buys office space in Mumbai’s Dadar for Rs 202 crore
Wire and cable manufacturer Polycab India has acquired a sea-view office spread over two floors at commercial tower The Ruby in central Mumbai’s Dadar locality for over Rs 202 crore in one of the few large outright deals for office spaces in the recent past.
