Manglam Group has launched a redevelopment project, Manglam Rajanigandha, in Borivali (West), Mumbai, investing INR 100 crore on 80,000 sq ft of land. Developed through Manglam & Karnani Ventures LLP, the project is expected to generate INR 150 crore in revenue. It will offer 80 apartments, with half allocated to existing residents and half for sale. Founded in 1997, Manglam Group has delivered over 35,000 homes and operates in the hospitality sector. The project is planned for completion by mid-2026, marking the company's strategic entry into Mumbai's redevelopment sector.Read more

Chandigarh has emerged as India's first slum-free city after the administration demolished Shahpur Colony in Sector 38, the last slum in the Union Territory. The colony housed nearly 1,000 residents in about 300 hutments and tenements. Over the past 12 years, the city has cleared 18 slum colonies, reclaiming nearly 520 acres of government land valued at around INR 21,000 crore. Residents eligible under the Chandigarh Small Flats Scheme, 2006, were provided EWS flats in different sectors. The city's approach combines planned rehabilitation, strategic land use, and urban development, offering a model for other Indian cities.Read more

Vatika Business Centre has inaugurated a new co-working facility in Noida, reflecting the growing need for flexible office solutions in the Delhi-NCR region. The newly opened centre covers 28,500 sq ft in Sector 62, a fast-growing IT and business hub. According to the company's CEO, Noida is emerging as a significant business destination, and the facility is designed to provide flexible, well-planned, and convenient workspaces for companies of all sizes. Vatika now operates 15 centres across eight cities, managing over 4 lakh sq ft of office space and offering more than 4,000 seats to businesses nationwide.Read more

L&T's Buildings & Factories division has secured major contracts for two key projects in India: a 5.9 million sq ft IT park in Bengaluru and a mixed-use development in Mumbai. The Bengaluru project, valued between INR 5,000 crore and INR 10,000 crore, will be delivered in two phases on a lump sum turnkey basis, while the Mumbai project is planned for completion within 45 months. These orders underscore L&T's expertise in executing large and complex office and mixed-use developments efficiently, reinforcing its reputation as a trusted construction partner for high-value projects.Read more

Signature Global Foundation, the CSR arm of real estate developer Signature Global, has reported that its Project Paathshaala initiative has already reached more than 50,000 students across 100 schools in Delhi NCR. The programme, launched last year, includes distributing education essentials, upgrading school infrastructure, and providing clean drinking water. Alongside this, the Foundation has rolled out the Tech Udaan digital bus project and continues to support healthcare, vocational training, and women's empowerment initiatives, aiming to touch 100,000 lives through its social commitments.Read more

Sri Lotus Developers & Realty Ltd. has reported a strong start to the quarter with its newly launched ultra-luxury residential projects, The Arcadian in Juhu and Amalfi in Versova, securing combined bookings of INR 130 crore within the first week. The Arcadian, with an estimated GDV of INR 700 crore, contributed INR 92 crore, while Amalfi achieved INR 38 crore in bookings, underscoring robust demand in Mumbai's premium housing segment. Chairman and MD Anand K Pandit described the response as a testament to buyer confidence and the strength of the luxury market. Building on this momentum, the company plans to launch Project Varun in Bandra in Q3 FY26.Read more

Anurang Jain, promoter of Endurance Technologies and nephew of the late Rahul Bajaj, has acquired a luxury villa in Alibaug for INR 38.15 crore. The villa spans over 5,600 sq ft within the 100-acre Alibaug Townhouses project by Lodha Developers and includes four car parking spaces. The transaction was registered with a stamp duty of INR 1.33 crore and a registration fee of INR 30,000. Alibaug is witnessing growing interest from high-end developers, including Emaar India, Oberoi Realty, and Hiranandani Communities, indicating rising luxury real estate activity in the region.Read more

Mr. Bhadresh Shah, Managing Director, Today Group

Mumbai continues to redefine its urban landscape, and the emergence of Third Mumbai, also known as Mumbai 3.0, signals a significant transformation in the luxury residential market. Spread across the Raigad district under the Karnala-Sai-Chirner (KSC) New Town project, the region integrates smart urban planning, luxury living, and strategic infrastructure. With connectivity improvements such as the Mumbai Trans Harbour Link, the upcoming Navi Mumbai International Airport, metro extensions, and water transport routes, Third Mumbai offers both high-end residential and affordable housing. The district also aims to host innovation-driven hubs, creating a self-sustained urban ecosystem that combines convenience, prestige, and modern lifestyle aspirations.Read more

The Securities and Exchange Board of India (SEBI), along with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), has waived fines imposed on Unitech Ltd. for non-compliances carried over from its previous management. BSE had levied INR 3.3 crore and NSE INR 3.5 crore in penalties. Following this, Unitech's shares will move from restricted categories to actively traded segments on both exchanges. The move is expected to improve liquidity, investor confidence, and support the company's ongoing efforts to resolve legacy issues and complete stalled projects.Read more

Bollywood actor Pankaj Tripathi, along with his wife Mridula and daughter Aashi, has purchased two apartments in Mumbai's Andheri West and Kandivali West areas for a combined total of INR 10.85 crore. The first property, in Seabliss, Andheri West, spans 2,372 sq ft and was bought by Pankaj and Aashi for INR 9.98 crore. The second, in Aashapura Heritage, Kandivali West, measures 425 sq ft and was purchased by Mridula and Aashi for INR 87 lakh. Both transactions included stamp duty and registration charges and were finalized in July and early September.Read more