Mumbai Financial News

Mahada Colony building in the Byculla area of Mumbai on Thursday. No injury was reported in the incident, Mumbai Fire Brigade officials said.

While experts had voiced their concern a few years ago with regards to the unsold inventory levels and impending launches in this specific micro-market, the performance since the outbreak of the pandemic has surprised many of them. The market has witnessed sales of over 722 apartments priced at ₹10 crore and above as against new launches of 532 apartments in the last 12 months, showed data from non-broking research firm Liases Foras Real Estate Rating & Research. «The south and central Mumbai's ultra-luxury housing market has shown almost three times sales growth driven by the segment's new launches. The ultra-luxury segment touched its best-ever inventory overhang in the last 15 years,» said Pankaj Kapoor, managing director, Liases Foras. In 2021, the market comprising south and central Mumbai had a total of 118 months' inventory and the same has now declined to 38 months. «Buyers are active in the market and are very choosy as many developers promised early delivery but did not deliver.

Times of India. According to the report, the affected train details are yet to be released by the Western Railway. To minimize the impact on train service, blocks will be carried out during the night, TOI quoted Chief Public Relations Officer (CPRO) of Western Railway, Sumit Thakur as saying.

The Indian real estate sector has witnessed a significant transformation over the past few years, with luxury housing emerging as a notable segment that has garnered substantial attention from investors and homebuyers alike. Mumbai, often referred to as the financial capital of India, stands out as a hub for luxury housing development among the major Indian cities. The growth outlook for luxury housing in Mumbai and India at large highlights the factors that are driving the demand for opulent residences.

Radhika Gupta posted late on October 17. Track: Israel-Hamas War LIVE Updates "Spread over 100 acres with a wide variety of species - jaguars, white tigers, black bucks, ostriches, and many others - and now electric cars to take you around, this place is stunning. Among the best on many metrics, even when compared to global peers.," she added.

World Cup special train for cricket-loving passengers to watch the Cricket World Cup final match to be played at Ahmedabad on Sunday between India and Australia at the Narendra Modi stadium. It will be a repeat of the 2003 World Cup final which a batting-heavy Australia won in a lopsided contest. Train no 01153 CSMT- Ahmedabad special express will leave CSMT at 10.30 pm on 18.11.2023 (Saturday) and will arrive in Ahmedabad at 06.40 am next day (Sunday).

Priyanka Chopra Jonas, currently busy with her assignments in Hollywood, has sold two of her apartments in Mumbai’s Andheri suburb to director, producer, and screenwriter Abhishek Chaubey for a total of Rs 6 crore. Both the houses on the 9th floor of tower Karan Apartment in Lokhandwala area are cumulatively spread over nearly 2,300 sq ft. Priyanka’s mother Madhu Chopra has executed both the deals on the actor’s behalf. Chaubey has paid total stamp duty charges of Rs 36 lakh for the registration of the transaction that took place on October 23 and October 25, showed the documents accessed through Zapkey.com. ET’s separate email queries to Chopra’s team and Chaubey did not elicit any response. In April too, she had sold a commercial property in Lokhandwala area for Rs 7 crore to a dentist couple who had earlier rented this space from her in 2021.

The Mumbai city (area under BMC jurisdiction) recorded property registrations of 12,602 units between Navratri until Bhai Dooj, spanning from October 15th, 2023, to November 15th, 2023, as against 9,659 units registered during the same period last year, resulting in a 30.0% year-on-year (YoY) growth, according to Knight Frank India.

Navi Mumbai. The government aims to build a strong network of metro lines in the Mumbai Metropolitan Region.

World Cup semifinal match, to be played between India and New Zealand, for ₹1.2 lakh each, reports said on November 14. The accused, identified as Roshan Gurubakshani, was arrested by the Mumbai police while he was trying to sell the tickets in black, NDTV reported. Two tickets were recovered from him by the officials, the news channel added.

ODI World Cup 2023 between India and New Zealand will be played at the iconic Wankhede Stadium on Wednesday. India have played 21 ODI games at the Wankhede Stadium in Mumbai, in which the 'Men in Blue' have clinched 12 wins and nine losses. The highest total by Team India was made recently when Rohit Sharma's side scored 357/8 against Sri Lanka in the ODI World Cup 2023 on November 2. On the other hand, the lowest score was on October 30, 1989, when India could score only 165 runs in 48.5 overs against West Indies.

Kuldeep Yadav expects the bowlers to have a tough time at Mumbai's batsman-friendly Wankhede Stadium when the hosts take on New Zealand in their World Cup semi-final on Wednesday. South Africa posted 399-7 against England and 382-5 against Bangladesh while India made 357-8 against Sri Lanka at the venue before Glenn Maxwell smashed an extraordinary double century as Australia chased down 291 against Afghanistan last week. «It's a difficult venue to bowl in. The bounce is true and batsmen often dominate there.

The average annual rental yield in cities like Mumbai and Bengaluru has jumped up to 20% since 2019. According to the latest Anarock Research data, Bengaluru has the highest rental yield of 4.35% as of September 2023 end. It was just 3.6% in 2019, showing a jump of over 20% in the last five years.

TOI report around 80 licenses for selling crackers have been revoked. Permission to sell and burn green crackers will only be given if air quality on AQI index is registered below'200' level which seems unlikely in the current situation when air quality is over 400 mark. Gurugram district administration on September 28 issued an order imposing a ban on production, sale and storage of all types of firecrackers.

Mumbai-Pune Expressway today for six hours, from 11am to 5pm. As per a TOI report, this restriction is due to construction work being carried out by the Mumbai Railway Vikas Corporation Ltd on the Panvel-Karjat suburban rail corridor. Assistant Police Inspector Yogesh Bhosale told TOI that traffic will be diverted at the Panvel exit to travel along the old Mumbai-Pune highway (NH48) via Karanjade and reach Kalamboli circle before heading towards Mumbai.

Top 10 polluted cities in India In view of the deteriorating air quality in Mumbai, several new initiatives have been taken by authorities to reduce air pollution. Maharashtra Minister Deepak Kesarkar said initiatives like, 'cleaning up the roads with water', ' sprinkling water on construction sites', and 'fogging guns are being used to clean air'. Beyond stubble burning: Why is dealing with other 'consistent' sources of Delhi air pollution important He appealed to citizens not to burst firecrackers during Diwali and extended cooperation in improving Mumbai's poor air quality index.

₹2.5 crore each. Currently, the company runs to and fro services between various routes connecting: Gateway of India to Mandwa, JNPT to Belapur, JNPT to Elephanta, Nerul to Elephanta, Nerul to JNPT, Belapur to Harbour Cruise, Belapur to Elephanta Caves, Belapur to JNPT and Belapur to Nerul.

firecrackers for 3 hours, between 7 pm to 10 pm, on Diwali. The High Court also instructed all constructions in the Maharashtra's capital city be halted till Diwali, in order to combat worsening air pollution. A division bench of Chief Justice Devendra Kumar Upadhyaya and Justice Girish Kulkarni issued a slew of directions to immediately address the air quality index in a Suo Motu Public Interest Litigation regarding the deteriorating air quality in Mumbai.

builder from Bengaluru, who had residential projects in Virar, Mumbai, has been arrested for allegedly cheating 150 buyers and swindling them of over Rs 30 crore. As per a TOI report, the accused, Raju Sulire, the director of Mandar Housing, was apprehended by the crime branch of Mira Bhayander Vasai Virar police commissionerate for selling two flats to multiple buyers. The police are currently investigating if a third flat was sold in a similar manner.

Reliance Industries chairman Mukesh Ambani, received a fresh threat emails, warning him of serious consequences for ignoring previous messages of ₹400 crore as extortion demand. At least three e-mails were sent to the official e-mail ID of Ambani's company in the last eight days threatening to eliminate him if he fails to pay up.

Reliance Industries chairperson Mukesh Ambani has received two threat emails once again between October 31 and November 1, warning him of serious consequences for ignoring previous emails wherein the person (sender of the mail) had demanded ₹400 crore." Notably, he is the same sender who sent two such emails on October 27 and demanded ₹200 crore from RIL chairman. Also read: Mukesh Ambani gets third death threat, sender demands ₹400 crore ransom "Mukesh Ambani received two threat emails once again between October 31 and November 1, warning him of serious consequences for ignoring previous emails wherein the person (sender of the mail) had demanded ₹400 crore," news agency ANI reported.