The Siddhivinayak Temple Trust in Prabhadevi, Mumbai, is set to acquire the neighboring three-storey Ram Mansion for 100 crore to expand its operations and enhance infrastructure. Talks are also underway with the adjacent Siddhivinayak Cooperative Housing Society.
Siddhivinayak TemplePrabhadeviReal EstateExpansionMumbaiReal Estate MumbaiSep 05, 2025
The Siddhivinayak Temple Trust is acquiring the Ram Mansion to expand its operations and enhance infrastructure, including setting up a darshan queue complex, prasad room, toilets, and changing rooms for worshipers.
The Siddhivinayak Temple Trust is paying Rs 100 crore for the Ram Mansion, which is nearly twice the market rate.
Currently, the temple has long queues spilling out into the main road and lacks access to lavatories for visitors. The expansion plans aim to address these issues by providing better facilities.
The Siddhivinayak Temple Trust is controlled by the state law and judiciary department, which has approved the acquisition proposal.
The Siddhivinayak Temple offers medical facilities, educational assistance, and runs a library as part of its charitable and social activities.
SM REITs are revolutionizing the real estate industry by providing a platform for small investors to invest in Grade A and Grade B office spaces, widening the market and creating new opportunities.
Real estate experts hope for industry status, single-window clearance, and affordable housing in Budget 2024.
Improved office leasing and regulatory changes are boosting Reits, but will retail investors take notice?
The Indian real estate market is on the cusp of a digital revolution, and TruBoard Partners is at the forefront of this transformation. While the US market is highly integrated and value-driven, the Indian market is still in its nascent stages of developm
The Nationalist Congress Party (NCP) is gearing up for the upcoming Maharashtra assembly elections, scheduled for November 2023. The party, led by veteran politician Sharad Pawar, is strategizing to reclaim lost ground and secure a strong presence in the
A 35-year-old man was tragically killed when a speeding car hit him while he was bursting firecrackers on the road in Pimpri-Chinchwad's Ravet area on Friday, during Laxmi Pujan. CCTV footage of the incident has gone viral on social media.