03 Oct 2023

There is never a dull moment in Mumbai’s real estate market landscape. Prop News Times brings you some of the most exciting deals real estate deals across the Mumbai Metropolitan Region this week: A residential flat in Paradigm Antalya was sold for Rs 87.3 lacs. The flat was located on the 8th floor and its carpet area is approximately 411 square feet. The rate per square foot for the deal was approximately Rs 21,000/-, a residential flat spanning 844 square feet, situated on the 15th floor of a tower in Godrej Platinum complex was sold for Rs 2,85 crores, at an approximate rate per square foot of Rs 33,800/- and a 574 square foot residential apartment situated on the 27th floor of a tower in Arihant Clan Aalishan was sold for a sum of Rs 1.09 crores at an approximate rate per square foot of Rs 18,900/-.Read more

03 Oct 2023

Panvel, situated in Maharashtra's Raigad district, is emerging as a prime residential and commercial hub within the Mumbai Metropolitan Region (MMR). Its proximity to the proposed Navi Mumbai International Airport fuels its growth. With well-planned infrastructure, educational institutions, healthcare facilities, and excellent connectivity via road and rail networks, Pavel attracts residents from diverse backgrounds. In a bustling week from September 18 to 24, 2023, the real estate market saw 24 transactions. Notable projects like Hiranandani Fortune City Phase 1 and Wadhwa Wise City led the way. The area offers a range of affordable housing options, making it appealing to first-time buyers.Read more

30 Sep 2023

The top seven cities in India have experienced a historic surge in home sales, with 120,280 units sold from July to September, a 36% increase compared to the same period in the previous year. Mumbai Metropolitan Region (MMR) led the way with 38,500 units sold, marking a 46% increase from 2022. Pune and Bengaluru also witnessed substantial year-on-year jumps in sales of 63% and 29%, respectively. This surge in demand can be attributed in part to the RBI's decision to maintain a pause on the repo rate, stabilizing home loan interest rates. Additionally, there was a 24% increase in new housing unit launches during this period compared to the previous year, with 116,220 units launched.Read more

30 Sep 2023

There is never a dull moment in Mumbai’s real estate market landscape. Prop News Times brings you some of the most exciting deals real estate deals across the Mumbai Metropolitan Region this week: A 681 square foot carpet area residential apartment located on the 9th floor of Dedhia TULJAI building in Borivali East was sold for Rs 1.30 crores, at approximately Rs 19,000/- per square foot, a 580 square foot apartment in the under construction building Gurukrupa Nigam situated on the 9th floor was sold for over 1.25 crores at approximately Rs 21,000/- per square foot and a small 228 square foot apartment was sold in Paramount Enclave on the 6th floor for a total sum of 16 lakhs at an approximate rate per square foot of Rs 7000/-Read more

30 Sep 2023

The BMC's development plan department in Mumbai has introduced a comprehensive air pollution mitigation plan to address the city's persistent air quality issues, primarily due to ongoing construction activities. The circular mandates various measures to minimize dust and debris dispersion, enforce waste management protocols, and encourage the use of enclosed spaces for certain construction activities. These measures aim to improve air quality and reduce pollution in Mumbai as the monsoon season comes to an end. The circular also includes instructions for periodic checks on construction sites and remedial actions for non-compliant developers.Read more

30 Sep 2023

Green buildings, prioritizing environmental responsibility and resource efficiency, are emerging as a solution to the 37% of global CO2 emissions caused by traditional construction. While initial investments in green infrastructure might be higher, the long-term financial and environmental benefits are substantial. Features like energy-efficient lighting and advanced HVAC systems reduce energy consumption, leading to significant cost savings. With many green properties seeing a 10% increase in value and a 20% reduction in maintenance costs, the shift towards sustainable construction is not just eco-friendly but also economically wise.Read more

30 Sep 2023

Apollo Multispeciality Hospitals Ltd, a subsidiary of Apollo Hospitals Enterprise Ltd, has acquired a partially built 325-bed hospital in Sonarpur, Kolkata, for Rs 102 crore. This marks Apollo's second hospital in Kolkata and the fifth in the eastern region, expanding its network to 1,800 beds across Kolkata, Bhubaneshwar, and Guwahati. The first phase of the multi speciality hospital, featuring 225 beds, will be commissioned in the next 12 months. Fully funded by Apollo Multi Speciality Hospitals, this strategic addition aligns with Apollo's planned capacity expansion, targeting an additional 700 beds in the eastern region over the next three years.Read more

29 Sep 2023

Mindspace Business Parks REIT has employed "Implosion Technology" to swiftly and safely demolish two aging buildings in Hyderabad. Unlike conventional methods taking months, this technique brought down the structures in mere seconds, aligning with Mindspace REIT's strategy to modernize and be environmentally responsible. The new 1.6 million square feet structure aims for LEED Platinum Rating and Wellness Certification. This innovative approach enhances efficiency, reduces noise, and minimizes environmental impact, showcasing Mindspace REIT's commitment to progressive solutions in Telangana's real estate sector.Read more

29 Sep 2023

LinkedIn Technology Information Private Limited has secured a 17,794-square-foot office space in Mumbai's BKC for a monthly rent of Rs 1 crore. The five-year lease agreement, commencing in August 2024, encompasses six units from different property owners, with an annual rent escalation of around 4.5 percent. The security deposit for this strategic move amounts to Rs 10 crore, and both landlords and LinkedIn are committed to the lease for specific durations. BKC has recently witnessed significant real estate deals, with Apple and Bank of China securing notable spaces this year.Read more

29 Sep 2023

There is never a dull moment in Mumbai’s real estate market landscape. Prop News Times brings you some of the most exciting deals real estate deals across the Mumbai Metropolitain Region this week: A 1,091 square foot residential flat located on the 34th floor of Oberoi Eternia in Mulund was sold for a sum of Rs 3.5 crores, at an approximate rate per square foot of Rs 32,000/-, in New Panvel, A 784 square foot residential apartment located on the 5th floor of National Harmony building sold for Rs 95 lacs, at an approximate rate per square foot of Rs 12,000/- and a 1,112 square foot residential apartment located on the 6th floor of Atul Wallace Fortuna, Mazgaon in Mumbai city was sold for Rs 3.25 crores, at an approximate rate per square foot of Rs 29,000/-Read more