Advertisement
Indiabulls Housing Finance plans INR 3,000 crore QIP to strengthen capital
Bombay HC has refused to grant an unconditional stay on MMRDA's appeal and ordered it to deposit INR 1,169 crore awarded to MMOPL, which operates the Metro Line 1, citing the amended arbitration law does not allow automatic stays.
NaBFID has signed a memorandum of understanding with the New Development Bank to co-finance sustainable infrastructure in India. The collaboration aims to support climate-resilient projects through international funding and technical expertise.
Non-Mumbai developers such as DLF, Prestige Estates, and Kolte-Patil are entering Mumbai's real estate scene via redevelopment projects. Attracted by policy benefits and limited greenfield land, they're targeting the INR 3 lakh crore redevelopment pipeline. Though approvals are complex, Mumbai's high returns and redevelopment volume offer strong incentives for regional players to tap this opportunity.
JM Financial has purchased 1.4 lakh sq. ft. of pre-leased office space in Mulund from Prestige Estates for over INR 200 crore, enhancing its commercial real estate assets in Mumbai.
Interior designer Gauri Khan has rented an apartment in Mumbai's Khar area for INR 1.35 lakh per month to accommodate staff during ongoing renovation work at Mannat, her family residence. The 1,500 sq. ft. unit is under a two-year lease with an annual 8% rent hike.
Advertisement
The Mumbai NCLT has approved a 90-day extension for Lavasa Corporation's corporate insolvency resolution process. The decision gives more time to evaluate resolution proposals and finalize a plan for the debt-ridden township developer. The case has been under insolvency since 2018, with several delays in resolution.
Shaula Real Estates, linked to Godrej's family, purchased a duplex in Worli's luxury Naman Xana project for INR 225.76 crore. The 11,485 sq ft apartment, part of a 0.64-acre development due by 2027, marks a significant high-value transaction in Mumbai's real estate market, confirmed through registration documents seen by Square Yards. Source - PTI
The Adani Group aims to invest INR 17,500 crore in projects to expand Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) capacity by 29%. The expansion targets increasing annual passenger handling to 6.5 crore, positioning CSMIA to meet rising air traffic demand and enhance airport infrastructure over the coming years.
Maharashtra's Minister Awhad has stated that ongoing tunnel infrastructure projects in Mumbai will be developed without harming the environment. The statement emphasizes adherence to ecological safeguards, ensuring sustainable urban development alongside the city's growing transport infrastructure needs.
Advertisement
