Properties for sale in Mumbai by Lakhani Builders Pvt Ltd

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.

Over 2,500 homebuyers have launched a protest against Jaycee Homes and JVPD Properties Limited for failing to deliver apartments in the given time and also compensating them for the delay caused in about four real estate projects.

The Maharashtra Real Estate Regulatory Authority has slapped recovery notices on at least 11 realtors in the past two months. These developers failed to comply with orders passed by the MahaRERA. Section 40 of the Real Estate (Regulation & Development) 2016, says that buyers can demand issuance of an RC in case builders refused to refund him.

The first phase of the Mumbai Coastal Road project, a proposed 34-kilometre freeway running along the western coastline, is expected to begin by October 2018. The freeway will link Princess Street Flyover near Marine Lines to the south-end of the Bandra-Worli Sea Link (BWSL) under Phase-I and upto Kandivali under Phase-II. The project will be developed at an estimated cost of Rs 15,000 crore and will decongest the Western Express Highway and boost real estate developments across the western Mumbai.

In order to replicate the commercial aura around the Mumbai airport, the City and Industrial Development Corporation (Cidco) is going to develop a 1.3-hectare plot in Nerul for a residential-cum-commercial purpose, just like Santa Cruz in Mumbai. The Cidco has invited applications for lease for this prime property which would also push the annual revenue of the agency by Rs 400 crore.