21 Jan 2026

Lodha Developers Ltd has announced a massive INR 1.3 lakh crore investment to develop a 2.5 gigawatt data centre park near Mumbai, marking one of the largest infrastructure commitments in India's digital economy. The project, backed by a fresh memorandum of understanding with the Maharashtra government signed at the World Economic Forum in Davos, builds on an earlier commitment made in 2025. Planned at Lodha's Palava township, the park is expected to become the largest data centre cluster in the country, hosting global and domestic hyperscalers. The investment underscores Maharashtra's ambition to position itself as a leading data infrastructure hub while generating large-scale employment and supporting India's rapid digital transformation.Read more

21 Jan 2026

Embassy Developments has announced plans to invest INR 7,000 crore in the Mumbai Metropolitan Region to strengthen its residential presence. The investment will support the launch of three new luxury housing projects in Juhu, Worli and Alibaug, along with the completion of three ongoing developments. The company expects the new projects to generate over INR 12,000 crore in revenue, reflecting confidence in sustained housing demand. Formerly Indiabulls Real Estate, Embassy Developments is now part of the Bengaluru-based Embassy Group, which has a long-standing presence in Indian real estate.Read more

21 Jan 2026

Crest Urban Living Private Limited, a wholly owned subsidiary of Crest Ventures Limited, has entered into a joint development agreement with Vensco Group to develop 'Crest Golfshire', a golf course-facing luxury mixed-use residential project in Chembur, Mumbai. Spread over about 2.7 acres opposite the Bombay Presidency Golf Course, the project has an estimated gross development value of around INR 1,850 crore. The development will offer nearly 5 lakh sq ft of saleable area comprising premium 3 BHK and 4 BHK homes with permanent green views. Crest Golfshire marks Crest's entry into golf-oriented luxury housing in Mumbai and is positioned to benefit from improving connectivity and infrastructure in the eastern suburbs.Read more

20 Jan 2026

Bollywood filmmaker and producer Karan Johar purchased an apartment in the Pali Vintage building in Khar West, Mumbai, for INR 8.05 crore. The 1,060.13 sq ft carpet-area apartment includes two dedicated car parking spaces. Stamp duty for the deal amounted to INR 48 lakh, with registration charges of INR 30,000. Khar West is a highly sought-after residential neighbourhood, offering good connectivity, upscale amenities, and proximity to business hubs like Bandra Kurla Complex. This purchase highlights the continued interest of high-net-worth individuals in Mumbai's luxury real estate market.Read more

20 Jan 2026

Sunteck Realty Limited is set to launch the first phase of an ultra-luxury residential development in Goregaon West with an initial investment of INR 1,250 crore. Spread across a prime three-acre land parcel, the 42-storey project carries a total gross development value of around INR 3,000 crore and is positioned as a landmark offering in Mumbai's western suburbs. Designed by internationally acclaimed architect James Law, the development combines ultra-luxury residences with premium commercial, retail, and fine-dining spaces, creating a future-ready mixed-use ecosystem.Read more

20 Jan 2026

Full-stack resale homes platform Truva has raised USD 9 million (INR 78 crore) in fresh capital to accelerate its expansion across Mumbai and enter new metro markets such as Delhi NCR and Bengaluru. The funding round includes USD 7.3 million (INR 61 crore) in equity led by Stellaris Venture Partners and Orios Venture Partners, along with USD 1.7 million (INR 17 crore) in venture debt from Stride Ventures. Several prominent angel investors also participated. The capital will be used to strengthen Truva's proprietary real estate intelligence engine, TruIQ, and to scale inventory-backed operations covering legal verification, staging and transaction execution. Founded in 2023, Truva aims to bring transparency and predictability to India's fragmented resale housing market by owning the entire transaction journey end-to-end.Read more

19 Jan 2026

Tushar Infra Developers Private Limited, owned by actor Tusshar Kapoor, and Pantheon Buildcon Private Limited, owned by his father Jeetendra Kapoor, have sold their commercial property in Mumbai's Chandivali area for INR 559.25 crore. The asset, the DC 10 Building in Balaji IT Park, spans about 30,195 sqm (3,25,016 sqft) and includes a ground-plus-ten-storey commercial building and an adjacent four-storey generator block. NTT Global Data Centres & Cloud Infrastructure India acquired the property. The deal highlights sustained investor interest in Mumbai's commercial micro-markets, especially for digital infrastructure and data centre spaces.Read more

18 Jan 2026

The Supreme Court has reiterated that the land reclaimed along the Mumbai Coastal Road cannot be used for residential or commercial development and must largely remain accessible to the public. The observation came while disposing of a petition challenging the Brihanmumbai Municipal Corporation's move to involve private agencies for landscaping and maintenance of the reclaimed areas. The court referred to its earlier directions, stressing that such land is meant for public use, with limited exceptions only for essential upkeep and landscaping, including projects undertaken under corporate social responsibility initiatives.Read more

16 Jan 2026

A ready-mix concrete (RMC) plant in Powai, Mumbai, has received a formal notice from the Maharashtra Pollution Control Board (MPCB) for failing to comply with updated environmental and operational norms. Inspections revealed uncovered cement silos, lack of tyre-washing systems, poor sludge management, and non-functional dust suppression measures. The notice gives the operator 15 days to rectify all issues. This action is part of broader enforcement across the Mumbai Metropolitan Region, reflecting the board's intensified efforts to ensure construction-related industries maintain environmental and public safety standards.Read more

14 Jan 2026

Jeetendra and his son Tusshar Kapoor have sold a commercial data centre property in Mumbai's Chandivali area to NTT Global Data Centres for INR 559.24 crore. The deal includes a ten-storey data centre building and a separate diesel generator facility at Balaji IT Park, spanning over 30,195 sq metres. The transaction was registered earlier this month and did not attract stamp duty under a 2024 government resolution, though a metro cess was paid. The deal highlights growing investor interest in Mumbai's data centre real estate market.Read more

14 Jan 2026

ASK Property Fund has invested INR 340 crore in a portfolio of three residential projects being developed by Mantra Group, strengthening its exposure to the Mumbai and Pune housing markets. The investment will support the acquisition of two projects through the NCLT resolution process, while also providing funding for an ongoing residential development. A portion of the capital will be used to settle outstanding dues of financial creditors, with the remaining amount allocated towards working capital requirements to ensure timely execution. The transaction reflects sustained institutional interest in residential real estate, particularly in projects with resolution-led acquisition opportunities and established urban demand across Maharashtra's key housing markets.Read more

14 Jan 2026

The Supreme Court has reiterated that reclaimed land along the Mumbai Coastal Road (South), including areas proposed to be landscaped under a corporate social responsibility initiative, must ordinarily remain open to the public and cannot be used for any residential or commercial development. While allowing landscaping and maintenance activities, the court underlined that such work should not restrict public access except where temporarily required. The ruling came while disposing of a public interest litigation challenging the municipal corporation's move to involve private agencies for long-term maintenance of the reclaimed land. The court reaffirmed its earlier directions that categorically prohibit any commercial or residential exploitation of the area, ensuring the coastal road project serves public interest and open access.Read more

14 Jan 2026

Global financial services major JP Morgan has leased a large office space measuring nearly 2.72 lakh sq ft in Mumbai's Powai area, marking a significant commercial real estate transaction in the city's office market. The space is located at One Downtown Central (Crisil House) and has been taken on lease from Cowrks for a starting monthly rent of INR 9.23 crore. The lease tenure is for five years, with rentals commencing from April and an annual escalation of 5 percent. The deal highlights continued demand from multinational corporations for high-quality office assets in established business districts, supported by flexible workspace operators and institutional property owners.Read more

13 Jan 2026

Mumbai-based Crest Ventures has partnered with Vensco Projects to develop a premium mixed-use residential project in Chembur, with an estimated gross development value of around INR 1,850 crore. Located on Golf Course Road, the luxury development will span about 2.5 acres and offer nearly 5 lakh sq ft of saleable area. The project reflects rising demand for high-end housing in eastern Mumbai, driven by improved connectivity and established social infrastructure. Crest Ventures said the development aligns with its luxury housing strategy and changing buyer preferences for integrated, well-planned communities. Chembur continues to attract developers as a key residential micro-market, with mixed-use projects gaining traction for their lifestyle appeal and long-term value.Read more