Real Estate Mumbai
Subhash Ghai Leases Out Mumbai Office Space for Rs 2.24 Crore Over 5 Years
Veteran filmmaker Subhash Ghai has leased out a commercial property in Andheri West, securing a five-year deal with a starting monthly rent of Rs 3.38 lakh.
Real Estate Mumbai
Navi Mumbai Plots Now Eligible for Freehold Conversion
The City and Industrial Development Corporation (CIDCO) has introduced a new policy allowing Navi Mumbai plots to be converted to freehold. This move eliminates transfer fees for subsequent property transfers, enhancing housing rights and property ownership in the region.
Real Estate
CIDCO Introduces Freehold Conversion for Navi Mumbai Plots
CIDCO, the City and Industrial Development Corporation, has announced a groundbreaking policy allowing the conversion of leasehold plots to freehold in Navi Mumbai. This move is expected to boost the real estate sector and provide property owners with greater rights and security.
Real Estate
Mumbai Real Estate: Weighing the Risks of Leasehold vs Freehold Apartments
As Mumbai's luxury real estate market expands, the debate over leasehold versus freehold properties intensifies. Legal experts advise homebuyers to carefully review lease deeds to avoid future complications.
Real Estate
Oriental Trimex to Streamline Operations by Divesting Land and Granite Unit
Oriental Trimex, a leading marble processor and importer, plans to divest land assets and a granite unit in Odisha to streamline operations and boost liquidity. The company is also set to commence quarry operations at its Black Granite mine.
Real Estate
NPCI Secures 80-Year Lease for Prime 6,019.1 sq m Plot in Mumbai’s BKC for ₹829 Crore
The National Payments Corporation of India (NPCI) has signed an 80-year lease agreement with the Mumbai Metropolitan Region Development Authority (MMRDA) to acquire a 6,019.1 sq m land parcel in Mumbai’s Bandra-Kurla Complex (BKC) for ₹829.43 crore. The plot offers a maximum built-up area of 2.59 lakh sq ft.