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Mumbai: Bollywood actress Sonakshi Sinha has sold her apartment in Bandra West, Mumbai, for Rs. 22.50 crore, according to property registration documents reviewed by Square Yards on the website of Inspector General of Registration (IGR). The transaction was registered in January 2025. Bandra’s proximity to Bandra Kurla Complex (BKC), Mumbai’s key commercial hub, makes it an attractive residential option for corporate executives and business owners seeking minimal commute times. Connectivity is a major advantage, with the Western Express Highway, Bandra-Worli Sea Link, international airport, and the upcoming metro enhancing accessibility. Bollywood stars such as Suniel Shetty, Ranveer Singh, and Deepika Padukone, along with sports personalities like KL Rahul and Athiya Shetty, have also acquired properties in this neighbourhood. The property sold by Sinha is located in 81 Aureate, a project by MJ Shah Group, spread across 4.48 acres and featuring 4 BHK apartments. As per the IGR property registration documents reviewed by Square Yards, the apartment has a carpet area of 391.2 sq. m. (~4,211 sq. ft.) and a built-up area of 430.32 sq. m. (~4,632 sq. ft.). It also includes three car parking spaces. The transaction incurred a stamp duty payment of Rs. 1.35 crore and registration charges of Rs. 30,000. According to Square Yards Project Data Intelligence, a total of 8 transactions amounting to a gross transaction value of Rs. 76 crore were registered with IGR in 81 Aureate between February 2024 and January 2025. Currently, the average resale property price for a 4BHK in the project stands at Rs. 51,636 per sq.ft. while the average monthly asking rent is Rs. 8.5 lakh. Square Yards’ analysis of IGR property registration documents reveals that the same apartment was bought by Sonakshi Sinha in March 2020 for Rs. 14.0 crore was recently sold for Rs. 22.50 crore, reflecting a 61% appreciation in value since the purchase. Notably, Sinha owns one more apartment in 81 Aureate, as per IGR property registration records. Sonakshi Sinha made her debut in 2010 with the blockbuster film Dabangg, opposite Salman Khan, which earned her widespread recognition. Over the years, she has showcased her versatility in films like Lootera, Akira, and Mission Mangal. In 2024, Sinha played the dual characters of courtesan mother and daughter in Sanjay Leela Bhansali’s period drama Heeramandi. Sinha has co-founded a beauty brand named ‘SOEZI’ which features a wide array of press-on nails.

The Union Budget 2025 paves the way for long-term growth in real estate, infrastructure, and wellness-focused development. With increased funding for urban infrastructure, affordable housing, and transit-oriented expansion, the budget supports a modern, future-ready real estate sector that aligns with evolving market demands. By prioritizing connectivity, green energy, and digital advancements in property transactions, it aims to streamline business operations and attract long-term investments. Beyond real estate and infrastructure, the budget places significant emphasis on healthcare and wellness, addressing the growing demand for holistic living environments. The push for sustainable urbanization, eco-friendly buildings, and wellness-driven spaces is set to transform residential and commercial landscapes, fostering a healthier and more balanced lifestyle. These initiatives not only boost investor confidence but also position India as a global leader in integrating wellness, sustainability, and infrastructure, driving long-term economic value. Umesh Pawar, Founder, Dream Works Realty

Pune, 02 Feb, 2025 The Union Budget 2025 has introduced key reforms and financial allocations aimed at strengthening the real estate sector. While industry leaders welcome several initiatives, they also highlight the need for further measures to boost housing demand and affordability. CREDAI Pune Metro President, Mr. Ranjit Naiknavare, on Budget 2025 Mr. Ranjit Naiknavare, President of CREDAI Pune Metro, lauded the continuation of the SWAMIH initiative, stating: “The SWAMIH Fund I has already enabled the completion of nearly 90,000 housing units by the end of 2025. With the launch of SWAMIH Fund II, an additional ₹15,000 crore has been allocated to facilitate the completion of 1 lakh homes from stalled projects, providing a significant boost to the housing sector.” However, he noted that the industry had anticipated additional policy measures to further stimulate demand, including increased incentives for affordable housing, GST reductions, and additional income tax benefits. “A higher cap on home loan interest exemptions, which has remained unchanged for years, and a revised definition of affordable housing—based on minimum dwelling unit size rather than a fixed ₹45 lakh value nationwide—would have provided additional momentum to the market and improved housing affordability,” he added. Despite these unmet expectations, Mr. Naiknavare emphasized that the budget remains progressive and forward-looking, with a positive impact expected on the real estate ecosystem. Budget 2025 Reaction by Kapil Gandhi, MD, Sigma One Universal Echoing similar sentiments, Mr. Kapil Gandhi, Managing Director of Sigma One Universal, appreciated the government’s strong focus on urban development and infrastructure enhancement. “The creation of new funds amounting to nearly ₹1 lakh crore and a renewed push for infrastructure through PPP projects will enhance urban liveability in cities like Pune and drive long-term growth,” he said. Additionally, he welcomed key tax reforms, stating: “The increase in the income tax exemption limit to ₹12 lakh is a major relief for the middle class. Likewise, the hike in rental TDS from ₹2.2 lakh to ₹6 lakh and the removal of notional rent on a second self-occupied property are positive changes. These measures will encourage homebuyers, particularly those looking to invest in additional or second homes, while fostering a positive sentiment in the real estate market.” A Forward-Looking Budget for Real Estate While industry leaders acknowledge the positive steps taken in the budget, they also highlight the need for additional reforms to sustain long-term growth in the housing sector. The continued focus on urban infrastructure, affordable housing, and tax relief is expected to contribute significantly to India’s real estate landscape in the coming years.

Mumbai, 30th January 2025 As we approach the Union Budget 2025-26, the real estate sector looks forward to policy initiatives and reforms that can drive growth, enhance affordability, and address long-standing industry challenges. The sector, a critical contributor to the nation’s GDP and a significant employment generator, requires sustained focus and support to maintain its upward trajectory. 1) Boosting Housing Affordability: To ensure the success of initiatives like PMAY-U, it is imperative to increase budgetary allocations for affordable housing and expand credit-linked subsidies. Additionally, revising income tax deduction limits under Section 24(b) for home loan interest from ₹2 lakh to ₹5 lakh can further enhance housing affordability, encourage homeownership, and boost the flow of funds into the affordable housing sector, which has seen a slowdown in recent months. 2) Industry Status for Real Estate: Granting industry status to the real estate sector remains a key demand. This will enable easier access to institutional funding at lower interest rates, particularly for mid-segment and affordable housing projects. 3) Rationalization of GST: A uniform GST rate with input tax credit for residential and commercial projects can significantly reduce costs and streamline taxation. Additionally, reducing GST rates for under-construction properties can encourage buyers and increase project sales. 4) Incentivizing Sustainable Development: The government should promote green and sustainable real estate practices through tax rebates and incentives for developers adopting eco-friendly building technologies and materials. This aligns with India’s commitment to achieving carbon neutrality. 5) Focus on Infrastructure Development: Continued investments in urban infrastructure, including metro rail, highways, and smart cities, will boost real estate development in peripheral areas and unlock new growth corridors. 6) Ease of Doing Business: A single-window clearance mechanism for approvals, reduced compliance burdens, and clear land title policies will streamline project execution and attract domestic and foreign investments. 7) Support for REITs and Focus on Rental Housing: Encouraging investments in Real Estate Investment Trusts (REITs) through tax benefits and regulatory support can provide liquidity to the sector. Similarly, Rental housing can play a pivotal role in addressing urban housing shortages and supporting the mobility of the workforce. The government should introduce incentives and policy support for developing affordable rental housing complexes, ensuring access to quality housing for tenants. We are hopeful that the Union Budget 2025-26 will introduce measures that empower the real estate sector to thrive, creating opportunities for developers, homebuyers, and allied industries. By addressing these critical areas, the government can unlock the true potential of India’s real estate sector as a pillar of economic growth and development.

Mumbai, 30th January 2025 Panasonic Life Solutions India (formerly known as Anchor Electricals) has acquired a plot of land in Andheri East, Mumbai, for Rs 160 crore, according to property registration records. The 6,586.90-square-metre land was purchased from River Rose Developers LLP. The deal involved a stamp duty of Rs 9.60 crore and a registration fee of Rs 30,000, as stated in the documents. The transaction was officially registered on January 29, 2025, with the Inspector General of Registration (IGR) under the Government of Maharashtra. Andheri East, a prominent commercial and residential area, is well-connected through the Western Express Highway, Metro Line 1, and its proximity to both domestic and international airports. The region also houses a thriving business ecosystem, including SEEPZ, the Maharashtra Industrial Development Corporation (MIDC), and various corporate offices. In the past year, Andheri East has seen 1,421 property transactions, totalling a sales value of Rs 2,247 crore. The average property rate in the area is Rs 37,778 per square foot, with an average rental rate of Rs 74.8 per square foot. Property prices have experienced a 3% year-on-year increase, according to Square Yards Intelligence. Panasonic Life Solutions India is a fully owned subsidiary of Panasonic Corporation, a Japanese multinational electronics company. Since 1963, the company has been a leading player in India’s electrical construction materials sector and was acquired by Panasonic in 2007.

Mumbai, January 30, 2025 NAREDCO Maharashtra has entered into a strategic partnership with the International Finance Corporation (IFC) EDGE team. This collaboration has come to fruition due to the efforts of the NextGen team, which played a key role in facilitating the partnership. They will work together to unlock global financing opportunities that will not only drive growth in the real estate sector but also focus on sustainable practices, ensuring that India moves towards a greener, more environmentally conscious future. The Letter of Collaboration was signed by Mrs. Diep Nguyen van-Houtte, Global Senior Manager of the Climate Business Department at IFC; Mr. Autif Sayyed, Green Building LEAD for South Asia at IFC; and Mr. Ridham Gada who signed it on behalf of NAREDCO Maharashtra. Mr. Ridham Gada is currently the President of NAREDCO Maharashtra NextGen. According to this partnership, the IFC EDGE team will provide technical expertise on green building standards by conducting knowledge sessions at selected NAREDCO chapters, offering free EDGE expert training programs, and facilitating the representation of developers with EDGE-certified projects at EDGE Expert Café events and other regional gatherings. At the same time, NAREDCO Maharashtra will support these efforts by organizing knowledge sessions with various NAREDCO chapters, advocating for the inclusion of EDGE standards in local and state incentive programs, and championing EDGE representation at NAREDCO-hosted events. This collaboration promises to empower NAREDCO’s member community with the tools and insights needed to drive the widespread adoption of sustainable real estate practices, positioning Maharashtra as a leader in green building development. Mr. Prashant Sharma, President, NAREDCO Maharashtra, remarked, “This partnership with the IFC EDGE team marks a pivotal moment for the real estate sector in Maharashtra. IFC’s unparalleled expertise in sustainable development and their global experience in financing green projects resonate with our vision to create a future where sustainable buildings are the norm. Collectively, we will enable stakeholders to spearhead meaningful, sustainable change and create environmentally-friendly, intelligent cities of the future.” Mr. Ridham Gada, President, NAREDCO Maharashtra NextGen, added, “As the next generation of leaders in real estate, we are deeply committed to shaping a sustainable future. Our collaboration with IFC is a leap forward in creating a culture of sustainability among young professionals and the industry at large. This partnership will not only reshape the way we build today, but it will lay the foundation for how we live tomorrow, ensuring that the projects we undertake today continue to benefit future generations.” Through these concerted efforts, NAREDCO Maharashtra aims to empower the real estate industry to build smarter, more sustainable cities that meet the challenges of climate change, reduce carbon footprints, and contribute to a greener, more resilient future for the people of Maharashtra. This partnership will lay the foundation for not only better construction practices but also a more environmentally responsible approach to urbanization in India.