Anukampa Group

Vishad P Mafatlal, managing director, Mafatlal Denims has purchased a luxury duplex apartment in Lodha Group’s Altamount towers. Located at Altamount Road in south Mumbai, the apartment has been purchased for Rs 89 crore while Rs 4.45 crore has been given as stamp duty. The bare-shell apartment is spread in an area of 10,000 sqft and sits on the 10th and 11th floor of the tower. Here’s all you need to know about the apartment and the project.

The Gautam Budh District Administration may not have given in to the demands of real estate developers to lower circle rates, but it certainly has given them enough reason to cheer by way of lower surcharge on common facilities in group housing societies. The decision that was taken on July 11 and that comes into effect on August 1 would also significantly lower the cost of purchasing flats in Noida’s housing societies for homebuyers.

In what is being touted as one of the biggest apartment deals in the country, RPG Group Chairman Harsh Goenka has bought a five-bedroom luxury sea-facing unit in Mumbai’s Malabar Hill for Rs 45.2 crore from Citibank India. The property, say media reports, was sold through an auction conducted by the bank recently.

On July 4, the SC pronounced some relief to the ailing company and offered a concession. Jaypee will now have to pay Rs 600 crore to refund homebuyers post which the apex court has assured that it would ask the National Company Law Tribunal at Allahabad to expedite the case and decide on revival or restructuring.

Nine years after the Mumbai-based real estate giant first attempted to go public, Lodha Group has now received a go-ahead from markets regulator, the Securities and Exchange Board of India (Sebi) to launch its initial public offering. Expected to fetch the company about Rs 5,500 crore, the offering would be the country’s second-biggest property IPO ─ real estate giant DLF’s IPO of 2007 fetched the company Rs 9,200 crore, the highest in the country so far.