A senior executive and member of the promoter group of a leading natural diamond manufacturer has purchased a sea-view luxury apartment in a super-premium residential tower in Mumbai’s upscale Worli area for approximately ?97 crore. The apartment, spread over 14,911 sq. ft. RERA carpet area, is located on the 47th floor of the tower. The purchase was made jointly with family members, and the buyers paid over ?5.84 crore in stamp duty alone for the transaction, which was registered on April 29, according to public records.

The apartment was acquired directly from the developers of the project, which was a joint venture between multiple real estate companies.

Mumbai continues to lead as the country’s most expensive property market, reaching new peaks in both property registration and revenue collection through stamp duty. South and central Mumbai—home to India’s most high-value apartments—have played a major role in driving this performance. The micro-market has seen numerous large-ticket, record-setting transactions involving industrialists, corporate executives, actors, and sports personalities in recent years.

This new unit adds one million tons of cement capacity to overall installed capacity, bringing it to a total of 45.6 million tons including its subsidiariesa cement manufacture, has installed n new cement mill, at its esxisting cement manufacturing unit in Ariyalur, Tamil Nadu with an investment of Rs 204. This new unit add one millions tons of cements capacity to the company overall installed, capacity bringing it to a total of 45.6 millions tons including it subsidiraies. 

South and meeting the demand for cement in the region and aligns with the company aim to increase its total installed capacity to 110-130 MT by 2031. A Company currently runs two integrated cement manufacturing plants situated at Tamil Nadu Dlamiapuram and Ariyalur respectively. along with a grinding unit located in Sattur. 

An investment trust has signed binding agreements to acquire a 50% stake in four Grade-A commercial real estate assets owned by a large business conglomerate.

The acquisition covers commercial properties totaling 3.3 million sq. ft. at an enterprise value of ?60,000 crore. The total equity consideration for the 50% stake will be fulfilled through a preferential allotment of units in the investment trust to the conglomerate at ?300 per unit.

Following the transaction, the conglomerate will become the second-largest unitholder in the trust with an ownership stake of 8.53%. The portfolio of assets includes: a mixed-use property spanning 1.4 million sq. ft., a corporate facility of 700,000 sq. ft. in North Gurugram, and another mixed-use asset covering 700,000 sq. ft.

Financial advisory and legal services for the transaction were provided by leading advisory and legal firms.

A flexible workspace operator has signed leases for two new centres — one in Pune and another in Chennai.

The Chennai workspace occupies three floors of a commercial tower, covering 1.5 lakh sq ft with a capacity of 2,400 desks.

The Pune workspace has been taken on lease from a local real estate developer. It spans two floors, includes 1,000 desks, and covers 60,000 sq ft.

Both new centres are scheduled to open in the second half of FY25.

The Chennai chapter of a real estate developers’ association started its three-day home loan mela on Friday, March 1, in T. Nagar. The mela precedes the 16th edition of the annual flagship property and real estate exhibition, scheduled to be held at a local trade centre from March 8–10.

The event was inaugurated by senior representatives from the association and a leading bank. The mela provides attendees access to home loan products from multiple financial institutions, along with guidance on various aspects of the home buying process, including eligibility criteria, documentation requirements, loan repayment options, and exclusive offers, discounts, and incentives. Several banks and financial institutions are participating in this year’s home loan mela.

 Construction of news buildings for the govt hospital at Periyar Nagar is expected to be completed by March 2025. The expansion will increase the bed capacity from 300-827, besides offering additional healtcare servtices that will significantly improve access for about 15 lakh residents. Established in 1986 as a 100-bed facility, the Madras Medical College-affiliated  facility was intended sygeries to ease overcrowding at Rajiv Gandhi Govt General Hospital . In 2021, height of the Covid-19 pandemic, it was upgraded to a300-bed facility. Besides maternity services, patients come to the hospital for laparoscopic appendectomy, hernia repair, removal pf gallbladder stones, skin grafting, and other plastic surgeries. 

An Upgraded hopsital will provide most secondaty care services closer to home free of cot. 

Avenue Supermarkets that owns and operates  supermarkets chain gas purschased a 1.2-acre plots in Mumbai's suburb for over Rs 117 crore, as the company continues to acqurie properties as part of it's growth strategy. The land currently houses a ground-plus one industrial structure.The plot falls under the industrial zone and the compony is looking to develop it s either a retail shopping centre or a commerical building. Apart from the existing floor space index ( FSI ) https://fsi.nic.in/ available on the plot, the company has purchased 2.5 additional FSI, or permission to develop 26,000 sqft, from the civic authority.

Avenue Supermarkets and Damani did not respond to emails seeking comment till the time of going to press. The company management had last year told analysts that it was planning to mantain its target of opening 40 outlets in financial year, as store expansions has been a key focus area for the retailer. Avenue Supermarkets opened its first store in 2002 in the Powai suburb of Mumbai.It currently operates stores in Maharashtra, Gujarat, Andhara Pradesh, Madhya Pradesh, Karanataka, Telanagana,Chhattisgarh, the National Capital Region, Tamil Nadu, Punjab and Rajasthan. The Mumbai-headquartered company owns brands like

The initial public offering (IPO) of a housing finance company, backed by a global private equity firm, was subscribed 1.48 times on Thursday, the second day of bidding. The ?3,000-crore IPO received bids for 10.35 crore shares against 7.00 crore shares available, according to exchange data.

The portion reserved for qualified institutional investors was subscribed 2.05 times, while the segment for non-institutional investors saw 1.9 times subscription. The retail investor category received 94% subscription.

The IPO consists of a fresh issue of equity shares worth ?1,000 crore and an offer for sale of ?2,000 crore by the promoter entity affiliated with the private equity firm, which currently holds a 98.72% stake in the housing finance company. The three-day offering is priced in the range of ?300–?315 per share. The company also raised ?898 crore from anchor investors on Tuesday.

The housing finance firm benefits from the resources and expertise of its global investment-firm backer. Several financial institutions are serving as managers to the public offering.

More than 20,000 homebuyers who have been awaiting possession of their flats for over a decade are now looking to the appellate tribunal’s verdict on a petition filed by a regional development authority. The authority is challenging a previous tribunal order that had approved the insolvency resolution plan submitted for the distressed real estate company involved in the township project.

The development authority approached the appellate tribunal after its compensation claim of ?1,689 crore for payment to landowners was rejected by the lower tribunal in March last year. The lower tribunal had limited the authority’s entitlement to ?10 lakh, categorizing it as an operational creditor.

Back in 2011, land in the concerned district was acquired at a price of ?880 per sq. m. By 2024, allotment rates had increased significantly to ?25,900 per sq. m., reflecting a rise of more than 2,800% in market value. Large infrastructure developments—including an upcoming international airport, expressway linkages, and a dedicated freight corridor—have contributed to the sharp escalation in land prices.

The development authority also noted that the additional compensation calculation—initially amounting to ?1,689 crore—was reduced during the resolution process. A deduction of ?143 crore was proposed, with the reasoning that another local authority had already disbursed a portion of the compensation to landowners.

Toll collection on the expressway has also seen consistent growth, rising from ?334.18 crore in 2020–2021 to ?380.03 crore in 2021–2022, and further to ?428.91 crore in 2022–2023.