It will provide new and premium homes for existing residents while also creating a substantial portion for sale.
In recent years, luxury homebuyers looked elsewhere in south Mumbai, and even in the suburbs, as the area lost some of its sheen due to its ageing supply, falling behind in terms of quality.
The bungalow was built in 1904, but was sold to the Kapadia family in 1917, which retained possession of the property till now. The bungalow is spread over 1,857 square metres of land with a total built up area of 19,892 square feet.
This is one of the biggest residential deal in residential segment of Mumbai real estate market in 2024. In 2023, deal worth Rs 252 crore was reported in the same building.
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
On January 22, as the Ayodhya Ram Temple gets inaugurated, for those in Mumbai, unable to travel to Ayodhya, they can visit any of these six Ram temples in the city, with their own unique history and significance, to join in the festivities.
The combination is increasing the risk of a home-price correction in India's financial center over the coming months, analysts say, noting housing prices in Mumbai have risen nearly 70 percent over the past four years.
This financier gave up his job to work in a pay-as-you-wish café. His ultimate aim: To shut down the ‘generosity enterprise‘