Mumbai property news

The ₹163 crore purchase of 20,000 sq ft of office space points to demand for owned, smaller office units in Mumbai's Worli corridor.

The commission said a developer cannot keep buyers' money without handing over the flat, and it rejected a time-bar plea based on a 2022 demand letter.

The meeting follows record Q2 FY27 sales, and the company has dropped its post-results conference call.

Half-year pre-sales were flat and net debt stands at ₹8,323 crore, leaving investors weighing how much revenue the second half will bring.

The Mumbai developer's September-quarter loss and flat half-year sales test its plan to close FY27 with a strong second half.

The new entity is fully owned by the parent and has no stated project yet, so its effect on buyers is not yet visible.

Bookings rose 111% from existing projects with no new launches, but profit after tax fell 14%, and leverage is higher than the group's.

The Mahindra Group developer's first plotted project in the MMR signals a shift towards land-ownership homes, though approvals for the site are still pending.

The appointment puts a veteran real estate lawyer in charge of legal work for the Mumbai-headquartered mall and mixed-use group.

The buyback cancellation lowers the number of shares in issue, and the buyback programme is still running into December.

The routine meeting carries no new project or price disclosure, so investors will look to the company's pre-sales growth, rising borrowings and the ₹4,100 crore Mahim pipeline.

The orders lift its EPC portfolio to about ₹858 crore, but the filing gives no customer name or timeline for the main tower.

Record pre-sales of ₹1,423 crore lifted bookings, but collections fell 19% and most of the profit rise came from joint ventures.

The first phase of Ajmera's boutique office project at Wadala is planned for launch in January to March 2027, with a larger estimated value than the company gave earlier.

Profit growth came from revenue recognition while new bookings shrank, leaving investors to judge whether the sales trend will turn.

The Mumbai developer's ESG score improved from 3 stars to 4, a benchmark buyers and lenders increasingly look at when choosing developers.

The target needs rent to grow about tenfold from today's ₹150 crore, backed by ₹1,400–1,500 crore of commercial spending over four years.

The elevated line would link Thane's eastern suburbs, Kalyan and the Bhiwandi logistics belt, but the extension is not due until 2030-31.

The proposal would more than triple shareholder-approved exposure to the Swayam JV that is building Monte South in Byculla.

Three financial services firms will pay about ₹99.45 lakh a month for five office units, with rent rising 5% every year.

The developer plans to turn non-core land into plots for faster cash, as its group debt tops ₹55,000 crore.

The company says the change followed a fee dispute, not a management concern, as its Mumbai pipeline and Mahim launch plans move ahead.

The case concerns a 2019 Bhiwandi land deal and a South Mumbai flat. No project, buyer or delivery impact has been reported.

The listed developer has paid for a 14,363.60 sq m site in Bhandup West, but the project's units, prices and launch date are still unannounced.

The developer's chairman wants lower stamp duty, premiums and land costs before sub-₹60 lakh homes can be built and sold inside the city.

The brokerage's call follows a quarter in which Phoenix Mills' retail consumption rose 25%, though owner-level profit grew more slowly.

The meetings follow a 13.25% rise in second-quarter profit and come before the formal launch of its Gurugram luxury project.

The Mumbai redeveloper's board renewed an independent director's term as its September-quarter profit fell about 30% despite higher revenue.

Full use of the October 2024 issue is confirmed, but a frozen monitoring account and forfeited warrants leave investors with open questions about funds.

Sales and collections grew sharply for the Mumbai developer, but thinner margins cut its profit, and the margin trend is now the key question for investors.