Mumbai's rental values dipped slightly in Q3 2023, with Lower Parel, Thane, and Navi Mumbai seeing the most leasing activity. Key business districts witnessed a decline in commercial leasing.
Bandra Kurla Complex (BKC) is experiencing growth in office space with an expected 2.5 million sq ft addition. Leasing and buying activity has increased and the rent correction appears stabilized.
HDIL plans to raise ₹1,000 crore for Mumbai airport modernization, relocating 80,000 slum families. This surpasses the Dharavi project in scale and involves a 53-acre plot acquisition for ₹1,900 crore.
Narang Developers and Bombay Taximen Colony are in talks for a Rs 1,100 crore redevelopment deal, potentially surpassing the previous largest deal of Rs 900 crore between Kumar Developers and Khira Nagar residents.