BUSINESS
Mumbai: Actors Imran Khan and Lekha Washington rent Karan Johar’s house for Rs 9 lakh per month
Bandra remains a preferred location for celebrities, including actors Shah Rukh Khan, Salman Khan, John Abraham and former cricketer Sachin Tendulkar.
REAL-ESTATE
Rekha Jhunjhunwala buys next-door building for Rs 118 cr to protect home's sea view
Sensing that the redevelopment could potentially restrict the prime sea-view from RARE Villa, Jhunjhunwala went about acquiring each and every unit of the old building
BUSINESS
Tiger Shroff buys Rs 7.5-crore home in Pune city
The property, part of the premium Yoo Pune project in Hadapsar, was leased out immediately, providing the actor with a rental income of INR 3.5 lakh per month
BUSINESS
Mumbai home prices may fall as supply rises
In a trust-deficit market like Mumbai, selling under-construction projects is always a challenge, but the matter has been compounded with excessive competition and inflated prices.
BUSINESS
With dream plot at Bandra, Adani Realty set to disrupt Mumbai’s luxury market
The land Adani has successfully bid for is a once-in-a-lifetime confluence of size, location and connectivity
BUSINESS
Cricketer Yashasvi Jaiswal buys Rs 5 crore home in Mumbai
The apartment has a size of 1,110 square feet, and the deal for this under-construction flat was registered on January 7th, 2024 by Jaiswal, it is learnt.
BUSINESS
Mahalaxmi Racecourse: Is it the end for Mumbai’s biggest open space?
It sounds like a simple and straightforward idea that should be acceptable to all. But it isn’t. The Racecourse opposite the sea is the last major open space for the public.
INDIA
Mumbai Real Estate in 2024: Birth of the Rs 2 lakh/sq ft home
Super luxurious properties will continue to be in demand, but developers may have to up their game with respect to the projects, locations and even their skills to deal with clientele with that kind of buying power
BUSINESS
Exploring Dharavi: A reflection on complex realities of slum life and political dynamics
The Dharavi project is a chance to break the widespread pattern of slum dwellers selling/renting their free apartments and thereafter creating a whole new slum.
BUSINESS
Maharashtra Govt’s trump card to Adani for Dharavi Redevelopment may backfire
Ever since the giant conglomerate won the bid for the redevelopment of India’s largest slum Dharavi – it had become clear that the company would soon become a key player in the Mumbai real estate market
BUSINESS
An upstart from Mumbai dares to go for India’s tallest building
India is far from having structures that are on the list of highest skyscrapers. The most famous Indian building to make the headlines was The World Towers by Lodha.
BUSINESS
Bollywood actor Aamir Khan’s building set to go for redevelopment
Given his ownership stake in the building, the Bollywood superstar was keenly involved and driving the redevelopment.
INDIA
Breach Candy Club: The club that even Shashi Tharoor wasn’t good enough for
Breach Candy Club is unique in comparison to the other elite clubs. While every other prestigious club filters with regards to membership and power, this one is dominated on the basis of national identity
BUSINESS
The activist home buyer will upgrade Mumbai real estate
Despite the attempts of the builder community to frustrate the regulatory processes, the system has more teeth today than ever before. Moreover, Indian real estate is moving towards branded builders, who are sensitive to criticism and brand dilution.
BUSINESS
Why do India’s builders treat homebuyers badly?
Real estate developers suffer from a ‘God’ complex, so everyone else is dispensable.
INDIA
The many histories behind a historic hotel
It is undoubtedly the most famous hotel of India and has played host to powerful guests ranging from former US President Barack Obama to Facebook’s Mark Zuckerburg.
TRENDS
Taj Mahal Palace Hotel, Mumbai: How a rumoured building mistake became a modern design statement
Did the builders of Taj Mahal Palace Mumbai make a mistake in reading the architect's plans? It's a compelling story. But it may not be true. The Tatas deny this story.
BUSINESS
Alkem Labs executive director buys apartment in Mumbai for Rs 33 crore
The transaction was registered on June 15, and implied a price of Rs 98,000 per square foot.
BUSINESS
Mumbai’s top builders face reckoning over delayed projects and incomplete delivery
Builders promised near-certainty of delivering the project on time and quality lifestyle experience, and for this, they charged a steep premium. Unfortunately for home buyers, many of the top developers could not meet the expectations they themselves had raised
BUSINESS
Rent or Buy? Here’s a solution to end the debate once and for all
Take a leaf out of Barack Obama’s book and rent before you buy. It’s a lot like taking a car for a test drive before deciding to buy it, but for a much bigger purchase.
BUSINESS
A haunted, sea-facing Mumbai villa that was home to two Bollywood superstars
Rajendra Kumar and Rajesh Khanna lived in this villa on Carter Road. The house proved lucky for both superstars, who ruled the hearts of Indian filmgoers for decades.
BUSINESS
What Mumbai can learn from a 45-floor slum in Venezuela
Some day, a political alternative may well choose to incentivise and drive the occupation of stalled and abandoned buildings in Mumbai. It is an idea whose time is not that far away.
BUSINESS
The Rs 1,000-crore Mumbai home that lies deserted
It cost a neat Rs 2 lakh when it was built in the late 1930s but the real value of this house in Mumbai's Malabar Hill lies in the history that it holds and the stories it is waiting to tell
BUSINESS
A new scheme promises to make Mumbai landowners wealthy or ruin them
They are bidding under two different schemes. And one of those is a new scheme that has the potential to make apartment owners in posher locations very wealthy or ruin them. It’s the Development Control Regulation 33(11) of the Slum Rehabilitation Authority (SRA) scheme.
