Registration of properties in the Mumbai municipal region rose 22 per cent last month to 12,960 units on higher demand during the festival period, according to Knight Frank. There were 10,607 properties registered during October 2023. Citing Maharashtra government data, real estate consultant Knight Frank India said the Mumbai city (area under BMC jurisdiction) saw higher registration of properties during October this year on the back of two major festivals -- Dussehra and Diwali. "The festive period, beginning with Navratri and Diwali, are considered auspicious for property purchases, and played a role in this rise in registrations," the consultant said. Additionally, Knight Frank said, the surge in year-on-year terms can be partly attributed to the base effect. "In October 2023, first 14 days were influenced by the Shradh period, during which buyers generally avoid big ticket investments, whereas this year, Shradh ended on October 2nd, impacting only the first two days of the ..
Additionally, Pawar mentioned various schemes implemented for the benefit of Muslim communities and the Dhangar community, including the Pandit Deendayal Upadhyay Swayam Yojana
Congress MP Rahul Gandhi is scheduled to lead the opposition's election campaign in Maharashtra starting November 6
Registration of properties in Mumbai so far this month has crossed 12,500 units because of Dussehra and Diwali festivals, according to Anarock. On Wednesday, real estate consultant Anarock said that 12,513 properties were registered in Mumbai in October (till 30th) against 9,736 in November 2023. This is a 29 per cent jump this Diwali over last year, it added. Last year, Diwali was celebrated in the month of November. Anarock Chairman Anuj Puri said, "Considering that housing sales remained tepid in the third quarter of 2024 across Mumbai Metropolitan Region (MMR) including Mumbai, the city's sales in just the first month of the festive quarter is notable." "A major reason for the rise in property registrations this October could also be that both Dussehra and Diwali are being celebrated in the same month," Puri said. Last year, Dussehra was in October and Diwali in November. "Both these festivals are considered the most auspicious for property buying and many buyers time their
Days after a stampede at the Bandra Terminus here, the Western Railway has said a penalty will be imposed if the luggage of passengers exceeds the permissible limit for their respective travel class and urged people not to overcrowd stations. Each passenger is permitted to carry a certain amount of luggage without charge, but items such as scooters and bicycles, as well as consignments exceeding dimensions of 100 cm x 100 cm x 70 cm do not qualify for the free allowance, the WR said in a release on Tuesday. "Western Railway urges all passengers to avoid overcrowding at stations and to enter premises only as necessary, in accordance with train schedules, while adhering to the established luggage limits," the release stated. The step has taken to reduce congestion on platforms and facilitate smoother movement for passengers within the station premises, it said. The Western Railway has appealed to all passengers to follow the rules pertaining to carrying the maximum limit of free ...
Realty firm House of Hiranandani on Tuesday said it will invest Rs 12,500 crore over the next two years to develop multiple projects in Mumbai Metropolitan Region (MMR). In a statement, the company said it will develop five projects in MMR with an investment of Rs 12,500 crore. The investments, to be met through equity and internal accruals, will be made in the total development of these five projects including land acquisition, construction, and other costs. House of Hiranandani Chairman and Managing Director Surendra Hiranandani, said, "Mumbai's infrastructure development and growing demand for world-class spaces presents a tremendous opportunity for us in MMR. With this investment we are set to redefine the MMR realty market through our meticulously designed and planned luxury projects." The company will develop a 25-acre land parcel in Hiranandani Estate, Thane. It is already developing some premium luxury towers such as Castalia', located in Kandivali, Belicia' in Panch Pakhad
India's major cities face severe air quality issues, with Delhi's AQI exceeding 300 for two days; Kolkata is the only city below 100
Tuesday marked the last day of filing nominations for the Maharashtra Assembly elections, set to be held on November 20 across 288 seats. Aaditya Thackeray will contest from Worli to retain it
Nine persons were injured in a stampede after rush for boarding a Gorakhpur-bound train at Bandra railway station in Mumbai on Sunday, civic and disaster control officials here said. The Western Railway, meanwhile, in a statement said two persons were injured in the incident. In view of the upcoming Diwali and Chhath festivals, a large number of people planning to go to their native places had reached the Bandra Terminus where several passengers rushed to board the unreserved train when it was being brought on a platform, according to sources. The incident took place when people rushed to board train 22921 Bandra-Gorakhpur Antyodaya Express on platform no.1 at the Bandra Terminus, the civic official said. The Western Railway said the incident occurred at 2.45 am on platform number one of the Bandra Terminus when the Antyodaya Express was "slowly moving" from the BDTS (Bandra Terminus) yard towards the platform. "During this time, some passengers on the platform attempted to board
Shiv Sena (UBT) MP Sanjay Raut targeted Railway Minister Ashwini Vaishnaw on Sunday over the stampede at Bandra station here, claiming he was too busy with the bullet train project while passengers in Mumbai were being ignored. Nine persons were injured, including two critically, in a stampede after rush for boarding a Gorakhpur-bound train at the Bandra Terminus in Mumbai on Sunday morning, as per officials. Speaking to reporters here, Raut said, "Mumbai city gives maximum revenue to the Union government. Compared to it, we hardly get any facilities here for passengers." "The railway minister is too involved with the bullet train project and people are left to die because of the poor infrastructure as the railway minister is disconnected with their problems," he claimed. The Mumbai-Ahmedabad bullet train project, aimed at significantly reducing the travel time between the two cities, is currently under-construction. The railway minister is always presented as highly educated and
Police has recovered a total of four out of the five weapons that police reported during the preliminary investigation
Mumbai Police investigating the Salman Khan threat message case have arrested a man from Jamshedpur, officials said on Wednesday. The accused was identified as Shaikh Hussain Shaikh Mausin (24), a Jamshedpur-based vegetable seller. A threat message demanding Rs 5 crore from the actor was received on the Mumbai Traffic Police's WhatsApp helpline last week, prompting the police to register a case and launch an investigation. Police tracked down the number to Jharkhand and teams were dispatched to nab the accused, an official said, adding that another team visited Guwahati. Even as the police widened the dragnet to trace the sender of the message, the Mumbai traffic police received an "apology" from the same mobile phone number, officials had said on Tuesday. Notably, Khan had earlier received death threats from the Lawrence Bishnoi gang. Suspected members of the gang had opened fire outside the actor's Bandra home in April this year. A few months back, the Navi Mumbai police uncove
The company's first project in the state will soon be launched in Alibag, with an estimated revenue potential of about Rs 700 crore
UAE-based realty developer Emaar is planning to invest up to Rs 2,000 crore in Mumbai and its surrounding areas in the next six-seven years, a top official said on Monday. The group, known for projects like Burj Khalifa, has stayed away from the Mumbai Metropolitan Region (MMR) despite being present in India for nearly two decades. Emaar India's Chief Executive Kalyan Chakrabarti said there is no specific reason to stay away from Mumbai for so long. He added that the group is attracted to the megapolis because it considers it as the deepest and strongest realty market which will be vibrant for decades to come. The company is aware about the market realities in the space-crunched city, and is open for looking at both societies and slum redevelopments along with any fresh development proposals, he said. The company plans to invest USD 1.85 billion (around Rs 15,500 crore) in realty developments across the country in the same time period, he said, adding that capital is not a constrai
Realty firm Suraj Estate Developers has raised Rs 343 crore through issue of shares and warrants mainly to buy land and meet its working capital requirements. The company has secured funds through preferential allotment of equity shares amounting to about Rs 243 crore and an additional sum of around Rs 100 crore through issue of convertible share warrants. The funds will be utilised for land acquisitions, working capital, general corporate purposes, and issue-related expenses, Suraj Estate said in a statement. A group of high-net-worth individuals, asset management funds and family offices participated in the successful fundraising round. Rajan Meenathakonil Thomas, Chairperson and Managing Director at Suraj Estate Developers, said, "This timely fund raise will provide us with the growth capital to expand our operations and diversify our product offerings. We will strategically utilize these funds to strengthen our position in the residential and commercial real estate segments, ..
A Mumbai court has granted bail to advertising firm director Bhavesh Bhinde, the prime accused in the case of a hoarding collapse in Ghatkopar area here that claimed 17 lives in May this year. Additional Sessions Judge V M Pathade allowed Bhinde's bail plea on Saturday. Bhinde, through his lawyer Sana Khan, had contended the unfortunate incident was an "act of God", and that he was implicated for "political vendetta". The hoarding installed in Ghatkopar area collapsed due to "unexpected, unusual wind speed" and no fault can be attributed to the applicant (whose firm had installed it), advocate Khan argued. It was also submitted that Bhinde was not the firm's director at the time of installation of the gigantic hoarding. Bhinde has been booked on the charge of culpable homicide not amounting to murder. The prosecution opposed bail to Bhinde, saying there was enough evidence to show he was actively involved in the case. Seventeen persons, including a former general manager of the
EL&N London, a globally acclaimed lifestyle and caf brand, has opened its first Indian outlet in Mumbai in partnership with Reliance Brands Ltd (RBL) at Jio World Plaza, Bandra-Kurla Complex, in Mumbai. Renowned for its picture-perfect settings, the launch marks EL&N London's first venture into the Indian market, a joint statement said. Commenting on the brand's launch in partnership with Reliance Brands, Alexandra Miller, Founder of EL&N London, said: This new concept brings our signature style to life in a fun and engaging way, making it the perfect destination for families, speciality coffee lovers and those looking for an unforgettable dining experience in a beautiful setting. The Mumbai caf will serve EL&N's signature menu, featuring crowd-favourites like smashed avocado toast, indulgent croissants, and decadent cakes, while also introducing exclusive localized dishes tailored to Indian tastes. A spokesperson of Reliance Brands said: India's evolving dining scene .
Nothing illustrates that challenge better than the Rs 47 trillion ($559 billion) corporate bond market. It's one of the world's smallest as a percentage of gross domestic product, at just 16 per cent
China said it lodged a diplomatic protest with India over the newly established office of the Taipei Economic and Cultural Centre (TECC) of Taiwan in Mumbai. There is but one China in the world and Taiwan is an inalienable part of China's territory, China's Foreign Ministry spokesperson Mao Ning told a media briefing here on Thursday replying to a question. China strongly opposes all forms of official contact and interaction between Taiwan and countries having diplomatic relations with China, including the establishment of representative offices for each other. We have lodged solemn representations to the Indian side, she said. Mao said the one-China principle is a serious political commitment made by the Indian side and serves as the political foundation for China-India relations. China urges the Indian side to strictly abide by the commitments it has made, prudently and properly settle the Taiwan-related issues, not to conduct any form of official interaction with Taiwan and avoi
Taiwan has recently opened its third representative consulate in India to boost its bilateral relations