Disclaimer! Under Construction Projects - Powered by Mumbai Property Exchange - Maha RERA Registration Number - A51800043517
Mumbai’s Western suburbs are evolving—and DLF is at the helm of it.
PresentingThe Westpark – Phase 1, an extraordinary residential community in the heart of Andheri West, developed by DLF in collaboration with Pegeen Builders & Developers Pvt. Ltd.. This premium offering brings together scale, sophistication, design, and lifestyle like no other project in the vicinity.
Set to launch in a few weeks, The Westpark has already received MahaRERA approval (PR1181012500079) and is exclusively marketed through Authorized Channel Partner – Mumbai Property Exchange (Code: 1010003792).
Located just off the New Link Road with direct entry from the 90-ft wide JVLR extension, The Westpark enjoys:
2-minute walk to Lower Oshiwara Metro Station (Line 2A)
Proximity to Infinity Mall, Lokhandwala, and Juhu Beach
Easy access to Western Express Highway, SV Road, and Andheri Station
Surrounded by reputed schools, hospitals, hotels, and entertainment hubs
Developer: DLF Ltd. + Pegeen Builders & Developers Pvt. Ltd.
Land Parcel: 5.18 acres (Phase 1 of 10+ acre master plan)
Towers: 4 Iconic Towers (G+35 floors) in L-Shaped Layout
Units: 416 Residences
Configuration:
3 BHK – 1125 to 1550 sq.ft.
4 BHK – 2500 sq.ft.
Select units with servant room + study
5 Acres of Podium + Eco Deck Lifestyle Amenities, including:
Olympic-size swimming pool with cabanas
Banquet hall, indoor café, hobby zones, and business centre
400m walking/jogging track around the landscaped open podium
Indoor & Outdoor Sports Facilities: squash, badminton, pickleball, half basketball court
Wellness Amenities: yoga, spa, steam, salon, medical room
Kids’ play zones, creche, senior citizen gardens, rooftop lounge
All-weather connectivity between towers via covered walkways
Principal Architect: HB Design (Thailand)
Structure Consultant: Thornton Tomasetti (USA)
Landscape: SHMA (Thailand)
Interiors: BLINK (Singapore)
Façade & Wind Tunnel: RWDI Canada, BES Design Singapore
Apartments come with VRV Air-conditioning, Imported Marble Flooring, Double-glazed Windows, and Full-Height Balconies—each designed for privacy, light, and cross ventilation.
? DLF’s 1st residential launch in Mumbai Western Suburbs
? Low density, high-quality community living
? Best-in-class construction, specifications, and international consultants
? RERA Registered – PR1181012500079
? Excellent capital appreciation + rental demand
? Separate entry for rehab zones – full privacy assured
? Ideal for end-users, HNIs, and NRI investors
Private previews, floor plans, pricing, and priority inventory will be made available only to pre-registered clients.
?? Call Now: Sandeep Sadh – +91 98200 30685 ?? Email: ssadh@mumbaipropertyexchange.com ?? WhatsApp: Click to Message Now ?? Authorized Channel Partner – DLF Mumbai Westpark ?? Code: 1010003792 (Maharashtra)
Eastern Bay – Wadala East is the crown jewel in Dosti Realty’s portfolio, redefining Mumbai’s eastern skyline with premium sea-view apartments and world-class lifestyle amenities. Strategically located in Wadala East, Eastern Bay offers a rare combination of panoramic views, seamless connectivity, and luxury living – making it one of Mumbai's most desirable residential addresses today.
Project Name: Dosti Eastern Bay
Developer: Dosti Realty
End Users: Families looking for long-term residences with top amenities and central location.
NRIs & Investors: High rental yield potential and capital appreciation due to Wadala’s infrastructure boom.
Corporate Executives: Easy access to BKC, Lower Parel, and Fort via Eastern Expressway and Trans-Harbour Link.
RERA No: P51900025142 (Phase-wise – Please verify all numbers as per MahaRERA)
Absolutely. Eastern Bay by Dosti Realty brings together everything a modern Mumbaikar dreams of – location, views, connectivity, amenities, and a reputed developer. It’s not just a home, it’s a lifestyle choice for the discerning buyer looking to live or invest in Mumbai's future-ready Eastern corridor.
Contact: Sandeep Sadh Mobile: +91 9820030685
Birla Estates Set to Transform Thane’s Skyline: Backed by IFC with 272 Crore Investment
Mumbai | Real Estate News | June 2025
Birla Estates, the real estate arm of the Aditya Birla Group, is rapidly solidifying its position as a key player in India’s luxury real estate sector, with a special focus on the Mumbai Metropolitan Region (MMR). The group’s upcoming mega-launch in Thane, one of Mumbai’s fastest-evolving micro-markets, is attracting industry-wide attention — especially after the International Finance Corporation (IFC), a member of the World Bank Group, announced a 272 crore investment in the project.
Birla Estates’ Thane project spans approximately 6.43 million sq. ft. of saleable area and is being designed as a self-sufficient premium township. With a mix of residential towers, community spaces, and curated retail zones, the development is expected to set a new benchmark for luxury living in the Eastern Suburbs.
Known for its modernist architecture, commitment to sustainability, and thoughtful design, Birla Estates is expected to bring the same finesse and elegance to Thane that it has delivered in prime Mumbai neighborhoods such as Worli, Kalyan, and Chembur.
IFC’s total investment of 420 crore (USD 50 million) includes ?148 crore in Birla’s Manjri project in Pune and 272 crore in the Thane venture. Both developments are structured under special purpose vehicles (SPVs), where Birla Estates will hold a 56% stake, and IFC will retain 44%, giving the financial giant a significant say in the project's development and governance.
This strategic partnership underscores global confidence in India's luxury real estate segment and Birla’s commitment to sustainable, high-quality urban development.
Thane has emerged as a hotbed of real estate activity, with infrastructure boosts like the Metro Line 4, Kapurbawdi-Bhiwandi link, and Thane-Borivali underground tunnel driving connectivity and investor interest.
Birla’s entry is expected to attract HNIs and professionals from Central and Western suburbs looking to upgrade to premium homes without compromising on connectivity or lifestyle. The developer is reportedly planning large 2, 3, and 4 BHK configurations, green-certified buildings, and lifestyle amenities targeted at upwardly mobile families and global Indians.
The Thane launch is part of Birla Estates’ aggressive national expansion plan. In Q4 FY25, the company launched five new projects across NCR, Bengaluru, and made a strategic entry into Pune. Each project reinforces the company’s ethos of ‘LifeDesigned®’ — a philosophy built around quality construction, user-first design, and community-oriented spaces.
"Thane is no longer the next destination — it is the destination. Birla Estates' vision for this region, backed by IFC’s confidence, is a clear indicator that luxury homebuyers are looking beyond South and Central Mumbai. This project will redefine premium living for the next decade." — Sandeep Sadh, Founder, MumbaiPropertyExchange.com
The Mumbai Metropolitan Region Development Authority (MMRDA) has approved the allotment of an 8,411.88 square meter commercial plot in Bandra-Kurla Complex (BKC), Mumbai, to a consortium led by Schloss Bangalore. The consortium, which includes Schloss Chanakya and Arliga Ecospace Business Parks, an affiliate of Brookfield, submitted a binding bid to lease the plot for 80 years.
The plot, with a permissible built-up area of 33,647.52 sq meters, is subject to site conditions and may vary based on demarcation. The total lease premium for the plot stands at 1,302 crore. Of this, 25% is payable within two months of the allotment offer, with the remaining 75% to be paid within ten months. The possession of the plot will be transferred after the full payment of the lease premium.
The consortium plans to develop a mixed-use project on the plot, which will include a 250-key hotel, the Arq Club, and a commercial tower with approximately 700,000 sq ft of office space. This project is part of the ongoing development and expansion in BKC, which continues to be a prime location for commercial and hospitality ventures in Mumbai.
The Mumbai Building Repairs and Reconstruction Board (MBRRB), a unit of the Maharashtra Housing and Area Development Authority (MHADA), has declared 96 cessed buildings in Mumbai as the most dangerous following its pre-monsoon survey. In response to the safety concerns, MHADA has announced that residents of these buildings will be provided a monthly rent of 20,000 if they arrange for alternate accommodation independently. This initiative aims to assist approximately 2,400 tenants and residents of the affected buildings, ensuring they have support while they seek safer living arrangements.
In addition to the rent assistance, MHADA will also lease 400 transit tenements ranging from 180 to 250 sq ft for a period of three years. These tenements will be provided to the displaced tenants and residents, with the board issuing a public advertisement for the leasing process. However, the board currently has only 786 available transit units, making it challenging to accommodate all affected residents in its existing facilities.
The expenses for the rent and the leased transit units, including maintenance, will be recoverable from the private developers or cooperative housing societies responsible for redeveloping the properties. MHADA also manages over 20,000 transit tenements, which are used to provide temporary accommodation for tenants displaced due to building repairs, redevelopment constraints, or demolition projects.
With over 13,000 cessed buildings in Mumbai, the redevelopment of these structures remains a priority, and MHADA is working towards ensuring that residents are safely rehoused during the process.
Tesla has leased a 24,500 sq ft office space in Mumbai’s Kurla West area, marking its fourth office in India as part of its broader expansion strategy. The five-year lease, valued at over 24 crore, will be utilised to establish a vehicle service centre. This new space follows Tesla’s recent showroom lease in Bandra Kurla Complex (BKC) and signals the company’s increasing operational presence and preparation for future manufacturing activities in India.
Tesla India Motor & Energy has signed the lease agreement in Macrotech Developers' Lodha Industrial and Logistics Park. The deal, registered in May, includes a starting monthly rent of 37.53 lakh, with a rent-free period of one month and ten days, and a 5% annual rent escalation. The lease term begins on April 20, and rent payments will start from June 1. Common Area Maintenance (CAM) charges are set at 10 per sq ft, with a 5% annual escalation.
This lease follows Tesla’s recent establishment of its showroom in BKC, marking a key milestone in its entry into India’s expanding electric vehicle (EV) market. The new office lease reflects Tesla’s readiness to scale operations in India, particularly after policy changes aimed at encouraging global EV manufacturers to invest and establish manufacturing units locally.
The expansion marks a significant step for Tesla as it builds a local ecosystem, signalling that the groundwork for future manufacturing and supply chain activities in India is underway.
Samsung India Electronics has expanded its operations in Chennai with a significant move to lease 1,000 desks at WeWork’s Olympia Cyberspace facility. The 42-month lease agreement covers 61,230 square feet, effectively doubling Samsung’s footprint in the region's managed office space segment. This strategic decision reflects Samsung's commitment to enhancing its presence in Chennai and its adaptability to modern, flexible workspaces, in line with broader business growth strategies.
WeWork’s Olympia Cyberspace facility, located in Guindy, Central Chennai, spans over 2.5 lakh square feet and is designed to accommodate over 3,000 desks. This facility offers a state-of-the-art environment that aligns with Samsung's objectives of fostering innovation and supporting its workforce’s needs for flexibility and collaboration. The facility also provides Samsung with enhanced access to key markets and talent pools, further solidifying Chennai's position as a growing tech hub.
This expansion by Samsung mirrors a larger trend among multinational corporations increasingly leveraging flexible workspaces to optimise operations. Chennai’s emergence as a major tech and innovation hub has attracted significant investments, and with global brands such as Amazon Web Services, JP Morgan, and Warner Bros. Discovery already operating from WeWork’s locations, the city continues to solidify its role as a key business and technology centre.
Housing societies in Maharashtra have raised concerns about several aspects of the draft rules framed under the Maharashtra Cooperative Societies Act, 1960. The feedback was submitted after the state government published the draft on April 15, inviting public comments until May 15. Among the primary issues raised were the uniformity in maintenance charges, the procedures for transferring shares, and quorum requirements for redevelopment meetings.
The state government received over 300 objections and suggestions, with housing societies highlighting the need for clarity and consistency in the implementation of the rules. The draft rules, which have been pending since the Act was amended in 2019, aim to standardise various processes across cooperative housing societies in Maharashtra. Some of the key proposals in the draft include a uniform service charge on a per-unit basis, which would replace the current practice of calculating maintenance fees based on carpet area. This change is expected to address disputes over maintenance charges among society members.
Additionally, the rules propose reducing the interest on delayed maintenance payments from 21% per annum to 12% simple interest, providing relief to residents struggling with arrears. The rules also suggest creating dedicated funds for reserves, sinking funds, major repairs, education, and welfare, and formalising society name reservations under Rule 106 C-2. The draft simplifies the process for filling casual vacancies in managing committees without needing election authority clearance.
For redevelopment projects, the proposed rules increase the borrowing limit for societies to 10 times the approved land value (up from 10 times the society's own funds) and mandate that the developer selection process be video-recorded in the presence of at least 51% of the members. However, some objections were raised about these provisions, particularly around the borrowing limit and video-recording requirement.
While housing federations have welcomed the draft rules, they stress the urgency of swift implementation. Many believe that the delay in finalising the rules has left housing societies vulnerable to legal ambiguity. The final rules are expected to be cleared by the state cabinet in June, marking a significant step toward resolving long-standing issues in cooperative housing governance.
Property registrations in Mumbai saw a decline of 4% year-on-year in May 2025, with a total of 11,565 properties being registered. Despite this dip, stamp duty collections witnessed a growth of 3%, contributing 1,062 crore to the state’s revenue. The increase in stamp duty is largely attributed to higher transactions in the 5 crore and above property segment, which continues to drive the city’s revenue growth.
Residential properties accounted for approximately 80% of all registrations in May 2025. The decline in registrations was observed in the 1 crore to 5 crore segment, where sales momentum slowed. In contrast, properties priced above 5 crore saw an increase in registration share from 5% in May 2024 to 7% in May 2025.
On a year-to-date basis, Mumbai recorded a 24% increase in registrations, totalling 64,461 properties, with a 17% rise in revenue, surpassing 5,696 crore in stamp duty collections.
In terms of property size, apartments up to 1,000 sq ft continued to dominate registrations, accounting for 83% of transactions, consistent with the previous year. The 500–1,000 sq ft range remained the most preferred, making up 44% of the registrations. However, there was a noticeable shift towards larger homes, with the 1,000–2,000 sq ft segment rising from 13% to 14%, and properties over 2,000 sq ft increasing from 2% to 3%. This reflects a steady, albeit gradual, change in buyer preferences toward more spacious living spaces.
Godrej Properties has acquired a 14-acre land parcel in the Kharadi-Wagholi region of Pune for a new residential development project. The development will primarily feature premium group housing, offering a total developable area of 3.7 million sq ft, with an estimated revenue potential of 4,200 crore.
The Kharadi-Wagholi area is one of Pune's most sought-after destinations, and it has been known for its connectivity and rapid growth in recent years. This acquisition marks Godrej Properties’ strategic entry into this high-demand micro-market.
In the fourth quarter of FY25, the company achieved a 7% year-on-year increase in booking value, reaching 10,163 crore. The company sold 3,703 homes, totalling 7.52 million sq ft. For the full fiscal year, Godrej Properties posted a remarkable 31% year-on-year growth, with total booking value at 29,444 crore, driven by the sale of 25.73 million sq ft.
Regions like NCR, Mumbai, and Bangalore contributed significantly to the company’s sales, amounting to 10,523 crore, 8,034 crore, and 5,089 crore, respectively. Customer collections in Q4 FY25 stood at 6,961 crore, reflecting a 48% increase compared to the previous year. For the entire fiscal year, the collections totalled 17,047 crore, marking a 49% growth.
Looking ahead, Godrej Properties plans to scale its residential bookings to over 32,500 crore in FY26, targeting a 20% growth. This will be achieved through the launch of over 40,000 crore worth of inventory and sales.
Unsold luxury homes (priced above 2.5 crore) in Mumbai have seen a 36% rise in the first quarter of 2025, with approximately 8,420 units remaining unsold by the end of the quarter. This marks a significant increase compared to the previous year. In Q1 2024, the unsold luxury stock had dropped to around 6,180 units, reflecting a 53% year-on-year decrease.
The first quarters of 2023 and 2024 have seen notable declines in unsold luxury stock, with a decrease of 29% in Q1 2023 compared to Q1 2022. The luxury segment had been on a downward trajectory, but the recent rise in unsold units signals a shift.
The rise in unsold luxury homes is attributed to the significant number of new units introduced into the market. While demand for luxury homes remains strong, challenges such as high prices and global economic uncertainties have impacted sales in the last year.
In a positive development, the Maharashtra State Revenue Department reported record-high property registration revenues for the period between January and May 2025. The total revenue from property registrations in Mumbai reached 5,695 crore, reflecting a 17% increase from the same period in 2024. Additionally, the number of property registrations hit 64,461, marking a 6% increase from last year.
Despite the overall sluggishness in the housing market in Q1 2025, the increase in property registration revenues and transactions suggests a steady recovery in the market. March 2025 stood out with the highest property registrations in three years, significantly surpassing numbers from the COVID-19 period when stamp duties were reduced. The total registration revenue in March 2025 exceeded 1,589 crore, indicating sustained demand in Mumbai’s real estate sector.
Kanakia Group has announced a strategic joint venture with Hines, Mitsubishi Estate Co. (MEC), and Sumitomo Corporation to develop a large-scale commercial project in Bandra Kurla Complex (BKC), Mumbai. The project, set to span across a three-acre land parcel, will offer a total of 1.5 million sq ft of office space, catering to the growing demand for premium commercial real estate in one of Mumbai's most sought-after business districts.
In this partnership, Kanakia Group serves as the land partner, while Hines, MEC, and Sumitomo Corporation bring their expertise as institutional investors and development partners. The project, which is being designed by global architecture firm Kohn Pedersen Fox (KPF), is poised to become a significant addition to Mumbai's commercial infrastructure.
As part of its strategic shift towards an asset-light business model, Kanakia Group has reduced its debt to under 1,000 crore. The company currently has over 8.6 million sq ft of upcoming projects with a gross development value (GDV) of 12,825 crore, demonstrating its continued commitment to expanding its footprint in the real estate sector.
The new office space project in BKC is expected to meet the growing demand for modern, high-quality office spaces, providing a prime location for businesses in the heart of Mumbai’s commercial hub.
The Maharashtra government has approved the Dharavi redevelopment master plan, a significant step towards transforming one of Asia’s largest slums into a modern urban hub. The approval comes after a detailed presentation on the redevelopment project that aims to preserve Dharavi's commercial identity while ensuring the rehabilitation of its residents.
The redevelopment plan prioritises an environmentally sustainable approach, with a focus on integrating the commercial sector. It also ensures that all original residents are provided with homes under the project, offering a fair and transparent process for housing allocation, although specific criteria will be applied to different groups of residents.
As part of the first phase, slum rehabilitation buildings will be constructed on a 28-acre land parcel, where each eligible household will be offered a 350 sq ft home with two toilets, addressing the issue of inadequate sanitation facilities in the area.
To encourage developers, the government has waived all premiums and offered a reimbursement of the state’s share of GST for five years. In addition, the government has mandated the use of Dharavi Transfer Development Rights (TDR) for all redevelopment projects in the city, which could impact property prices across Mumbai.
However, the approval has not been without controversy. Concerns have been raised over the completion of the survey, the lack of public scrutiny, and the potential displacement of residents. Critics argue that the plan is being pushed through without adequate consultation and a finalised survey, questioning the legitimacy of the process.
Despite the opposition, the government is moving forward with the plan, aiming to revitalize Dharavi and improve the living conditions for its residents while transforming the area into a more sustainable and commercially viable space.
Mumbai-based real estate and construction giant Shapoorji Pallonji Group has raised $3.4 billion in one of India's largest-ever private credit transactions. This monumental financing saw around a dozen large investors, including global investment firms Ares Management Corp, Cerberus Capital Management, Davidson Kempner Capital Management, and Farallon Capital Management, purchase zero-coupon rupee bonds yielding 19.75%. The bonds, which mature in three years, represent a significant step in the growing private credit sector in India.
Deutsche Bank, which acted as the sole arranger of the deal, also participated by investing around $900 million. Other prominent investors in the deal included ASK Wealth Advisors, family offices, and domestic private credit funds like EAAA India Alternatives Ltd., which purchased approximately $85 million worth of the bonds. The deal highlights the increasing interest and investment in India's infrastructure and real estate development, bolstered by Prime Minister Narendra Modi's infrastructure push.
This financing marks a pivotal moment for the Indian private credit industry, which continues to gain momentum as it meets the growing demands for capital across various sectors, including renewable energy, transportation, and urban development.
Tata Digital, the digital business entity of the Tata Group, has secured a long-term lease for nearly 59,000 sq ft of office space across three floors in Mumbai’s Lower Parel. The office is in the One International Centre, a prominent commercial tower in one of Mumbai’s key business districts. The five-year lease agreement includes a monthly rental of 1.05 crore, with an additional 12.32 lakh for common area maintenance (CAM), resulting in a total monthly outgoing of approximately 1.18 crore.
The agreement also features an annual rental escalation clause of 5%. Tata Digital will enjoy a rent-free period from February 1 to July 15, 2025, with the license fee becoming payable from July 16, 2025.
The leased space includes units across the 15th, 16th, and 17th floors of the One International Centre. Tata Digital has also arranged for 49 car parking spaces with the lease, with additional parking slots available for 10,000 per month each. A security deposit of 7.07 crore has been paid by Tata Digital for the transaction. The deal marks a significant development in the office leasing market, which has shown resilience in 2025, driven by sustained demand from global capability centres (GCCs) and increasing demand for premium office spaces in top business districts.