Discover the story of one of India's richest real estate tycoons, who transformed his father's business into a powerhouse in Mumbai's property market.
Real EstateMumbaiBusiness LegacySustainable DevelopmentCommunity ImpactReal Estate NewsFeb 26, 2025

The real estate business in Mumbai was founded by the father of the current tycoon, a visionary entrepreneur who recognized the potential in Mumbai's property market and began acquiring prime land at strategic locations.
The next generation, comprising the tycoon and his sons, expanded the family business by diversifying into various segments of the real estate market, including residential, commercial, and retail properties. They focused on high-quality development and customer satisfaction.
The firm is an early adopter of sustainable building practices and smart city concepts, integrating green technologies and energy-efficient solutions to reduce their environmental footprint and enhance the value of their properties.
The family has invested in numerous community development projects, including educational initiatives, healthcare programs, and infrastructure improvements, which have improved the quality of life for residents and the overall development of the regions they operate in.
The future focus of the family is on continuing their legacy of innovation and excellence. They are exploring new markets and investing in emerging technologies to stay ahead of the curve and shape the real estate landscape in India.

The real estate sector is hoping for a boost from the new government, with fine-tuning of RERA, industry status, and a relook at GST on under-construction homes topping the agenda.

The Ministry of Statistics & Programme Implementation (MoSPI) recently organized a brainstorming session to improve response to surveys from high-income groups and gated societies.

Senior lawyer and former Rajya Sabha MP Mahesh Jethmalani has strongly criticized the indictment against the Adani Group in the United States, stating that there is no allegation of bribery in India and the case is speculative and lacks evidence.

Analysts are optimistic about the future performance of HUDCO, Anant Raj, and other key stocks in the real estate and manufacturing sectors. The target price for HUDCO is set at Rs 900 to Rs 950 per share, expected to be achieved within the next 12-18 mon

Vishal Garg, the founder and CEO of Better.com, has announced the shutdown of the company's real estate unit, leading to significant layoffs. This decision comes amidst a challenging period for the mortgage industry.

The Mumbai real estate market is entering a phase of stability, a positive sign for developers, investors, and homebuyers alike. According to Prashant Sharma, President of NAREDCO Maharashtra, the market is showing promising signs of recovery and growth.