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Benchmark Index Falls 852 Pts | Brent Breaches $103 Per Barrel

Mumbai's commercial real estate market experienced significant growth in 2025, with office leasing activity surging by 70% to over 4.2 million sq. ft. This boom is driven by capital inflow, occupier preferences for premium locations, and infrastructure development, solidifying Mumbai's position as India's financial and commercial hub.

Indian equity benchmarks, Sensex and Nifty, staged a strong intraday recovery to close higher on Tuesday. Easing crude oil prices, positive global cues, and robust buying in IT stocks fueled the rebound. Despite initial weakness, markets ended firmly in the green, with IT stocks leading the gains.

Indian stock markets experienced a significant downturn on Thursday, with both Sensex and Nifty plunging over 3%. Surging crude oil prices due to escalating West Asia attacks, coupled with weak global cues, triggered a broad market rout. Financials, autos, and industrials were heavily impacted, while ONGC was the sole gainer.

Navi Mumbai is becoming a prime destination for multinational corporations and global capability centers, driven by office rents 21% lower than other major Indian cities. The city's commercial real estate market is experiencing significant growth, with substantial new office space development projected by 2031, solidifying its competitive edge.

Larsen and Toubro (L&T) Realty has emerged as the frontrunner to buy a three-acre plot in Andheri owned by Nycomed Pharma Pvt Ltd.

Adani Realty emerges as the highest bidder for the Bandra Reclamation land, outbidding L&T Realty. The bid, based on a revenue-sharing model, offers a 23.15% revenue share to MSRDC. The tender conditions were too stringent for Mumbai's top builders to participate.

The largest slum redevelopment scheme in Mumbai—and possibly in India—is underway in the island city.

Mumbai, Jul 4 () Larsen & Toubro will come out with a five-year strategic plan next week and also give a greater thrust on services businesses in finance, infotech and realty, as part of a de-risking move.

Construction majors Larsen and Toubro, Adani Realty, GMR, Tata Projects and NCC Ltd have shown interest in the redevelopment of New Delhi and Ahmedabad railway stations. The Railway Land Development Authority (RLDA), which has been tasked with these projects, held the first pre-bid conference in connection with re-development of the stations and construction of associated infrastructure.

A truck-mounted sweeping machine donated by construction major L&T to BBMP will soon be cleaning major roads in Yelahanka and Bytarayanapura, in north-eastern parts of the city.

The Reserve Bank of India (RBI) may have to go easy on its suggestion of not granting new banking licences to those groups which have exposure to the real estate sector.

Vadodara Municipal Corporation (VMC) and Vadodara Urban Development Authority (VUDA) are eyeing memorandums of understanding (MoUs) totalling Rs 3,000 for projects in the city.

Equity indices surged to record highs on Thursday with the benchmark BSE sensex rising over 250 points led by gains in realty and IT stocks. The 30-share BSE index surged 255 points or 0.48 per cent to close at fresh peak of 53,159; while the broader NSE Nifty settled 70 points or 0.44 per cent up at record of 15,924.

The seventh edition of the Times Real Estate Conclave & Awards 2023-24 put the spotlight on the roadmap for growth through strategic reforms by the state government.

The Aditya Birla Group's flagship UltraTech Cement could attract some private equity (PE) interest.

Engineering and construction conglomerate Larsen & Toubro is strengthening its focus on its real estate team. The company is set to merge its urban infrastructure and real estate units as part of a business realignment strategy, senior officials said on condition of anonymity.

L&T Metro Rail (Hyderabad) Limited on Wednesday informed the Bombay Stock Exchange (BSE) that it has received approval from the state government and its members for the “proposed sale” of its Raidurg business undertaking as a going concern on a slump sale basis to Rafferty Developments Private Ltd.

Nano is revving up realty market in Ahmedabad.

The flats would overlook a vast stretch of landscape and a podium garden. The project would also include elder-friendly features.