Tablespace Technologies, which operates managed workspace brand Table Space, has filed its draft red herring prospectus with SEBI for an IPO. The proposed issue comprises a fresh issue of up to ₹800 crore and an offer for sale of up to 6.55 crore equity shares. Source link...
The BMC's improvement committee will greenlight a 30-year lease for the Century Mills site located in Lower Parel. Peddar Realty Ltd's bid, amounting to Rs 1,351 crore, topped the offers for the redevelopment initiative. Presently, the site is home to 476 eligible mill workers' families and ten shops. Families will receive new 405 square feet flats for permanent housing. Source link...
Maharashtra's old buildings must now acquire structural certificates before obtaining new utility connections. Compliance with essential practices like rainwater harvesting and bio-sludge management is mandatory for these approvals. As a result, municipal authorities are tasked with verifying adherence to these ecological standards to enhance convenience in living and business activities. Source...
Manav Sardana purchased a penthouse for ₹271 crore, setting a new record. This luxury unit boasts 17,200 sq ft of super area and 10,500 sq ft carpet area. DLF's The Dahlias project has seen significant sales, with prices exceeding ₹1 lakh per square foot. The developer noted strong interest from tier-two cities and NRI buyers. Earlier, Madhusudan Kela bought a flat in the same project for...
Birla Estates has successfully acquired almost 90,000 sq ft of FSI for over Rs 159 crore, a strategic move aimed at bolstering their society redevelopment efforts in Khar, Mumbai. This FSI was secured via a Slum Rehabilitation Authority scheme from Kandivali. The development rights will be transferred and applied to a larger property in Khar, enhancing the region's premium living...
Maharashtra's real estate regulator has granted a four-month extension for project completion deadlines, addressing the challenges developers face due to ongoing supply chain disruptions. This respite applies to all projects set to conclude on or after February 28, 2026, and comes in light of a Union Ministry advisory related to the consequences of the West Asia conflict. Source link...
In a significant ruling, the Supreme Court has ordered lenders to proceed with prosecuting their officers implicated in a questionable alliance with builders. The court's directive includes the allocation of extra police forces to bolster the CBI's ongoing probe. Additionally, pertinent case details will be handed over to the Enforcement Directorate, as the CBI scrutinizes allegations tied to...
Maharashtra minister Mangal Prabhat Lodha has directed authorities to initiate strict legal action against developers failing to hand over homes reserved for MHADA. The direction came during MHADA Mumbai Board’s lottery for 2,640 homes, which received 75,127 applications. Source link...
The Yamuna Expressway Industrial Development Authority is gearing up to unveil two new residential plot schemes come October. One will cater specifically to the low-income group with 40 sqm plots available, while the general public can apply for larger plots, ranging between 162 to 300 sqm. The newly established eligibility criteria will bar prior allottees from participating. Source link...
Madhuri Dixit has sold a commercial office in Andheri West and a residential apartment in Juhu for a combined Rs 9.25 crore. The deals reflect sharp appreciation in Mumbai's property market, with the Andheri office rising over nine-fold in value since 2008 and the Juhu flat more than doubling since its purchase in 2012. Source link...