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Mumbai 18th September 2024 In an exciting real estate move, Bollywood superstar Deepika Padukone’s company, KA Enterprises LLP, has secured a prime apartment in Mumbai’s prestigious Bandra West area for ₹17.8 crore. Located in the upscale Sagar Resham Co-operative Housing Society, the property is a symbol of luxury, offering breathtaking views from the 15th floor. The apartment spans 1,845 sq ft and was developed by Enorm Nagpal Realty LLP, which sold the apartment to Padukone’s firm, documents revealed by Zapkey.com confirmed. Known for its celebrity residents, Bandra West has long been one of the most sought-after locations in Mumbai, with property rates ranging from ₹50,000 to ₹1.50 lakh per sq ft. The deal includes a stamp duty payment of ₹1.07 crore and registration charges of ₹30,000, adding to the overall investment. The Sagar Resham complex, where Padukone’s new home is situated, boasts a mix of expansive 4 BHK and 5 BHK apartments, with sizes ranging between 3,102 and 8,834 sq ft, catering to Mumbai’s elite. With a built-up area rate of ₹96,400 per sq ft, the purchase reflects the area’s upscale status, with properties in prime Bandra locations like Carter Road, Bandstand, and Pali Hill commanding similar prices. This acquisition comes on the heels of another high-profile real estate transaction within the family. Ranveer Singh’s firm, RS Filmcraft (OPC) Pvt Ltd, leased a neighboring apartment from his mother on September 5, 2024. The rental agreement, accessed by Zapkey.com, reveals a monthly rent of ₹8.2 lakh and a security deposit of ₹73.8 lakh, highlighting the couple’s significant presence in the area. With both Deepika Padukone and Ranveer Singh making notable real estate investments, the power couple is securing their foothold in one of Mumbai’s most coveted locations. The Bollywood stars, who recently welcomed their first child, continue to make waves both on and off the screen.

Mumbai 10th September 2024 Global tech giant Microsoft has made a significant investment of Rs. 519.72 crore in Pune, one of India’s prominent IT hubs, according to Square Yards. In the recent years, Microsoft’s investments in India’s commercial real estate sector have increased, spanning data centers, development centers, and flexible office spaces. As per the registration document reviewed by Square Yards, Microsoft’s Indian arm, Microsoft Corporation (India) Private Limited, acquired 66,414.5 square meters (~16.4 acres) of prime land in Pune’s Hinjewadi. The transaction, registered in August 2024, involved the purchase of land from Indo Global Infotech City LLP. The deal incurred a stamp duty of Rs. 31.18 crore and a registration fee of Rs. 30,000. In 2022, the company also acquired a 25-acre plot in Pimpri-Chinchwad for Rs. 328 crore. Earlier this year, Microsoft secured 48 acres of land in Hyderabad for Rs. 267 crore. Both deals are part of Microsoft’s broader strategy to expand to expand its presence in India, particularly within its data centre operations. The company’s network of data centres already includes locations in Pune, Mumbai, and Chennai, solidifying its presence across key markets. Currently, the company’s workforce in India includes over 23,000 employees across cities such as Bengaluru, Chennai, Hyderabad, Mumbai, and Pune. These teams support various business functions, including sales, marketing, research, development, and customer support. Additionally, in early 2024, Microsoft launched a major skilling initiative in India, aiming to equip 2 million individuals with AI and digital skills by 2025. The program, known as ADVANTA(I)GE INDIA, is part of the company’s “Skills for Jobs” initiative designed to foster a future-ready workforce.

Mumbai 10th September 2024 Actor-politician Kangana Ranaut has sold her Mumbai bungalow in Pali Hill for Rs 32 crore, according to sources. The property, which she purchased in September 2017 for Rs 20.7 crore, was later used as her production house’s office and was mortgaged for Rs 27 crore in December 2022. The bungalow, featuring a 3,075 sq ft built-up area and a 565 sq ft parking space, was officially registered on September 5, 2024. The transaction included a stamp duty of Rs 1.92 crore and a registration fee of Rs 30,000. The new owner is Shweta Bathija from Kamalini Holdings in Coimbatore, Tamil Nadu. Notably, the property faced scrutiny from the Brihanmumbai Municipal Corporation (BMC) in 2020 for alleged illegal construction. A demolition order was halted by the Bombay High Court, and although Kangana sought Rs 2 crore in compensation, she withdrew the claim in May 2023. Kangana’s film Emergency has experienced delays due to issues with the Censor Board of Film Certification (CBFC). On September 6, she announced on X that a new release date would be revealed soon. The film, which she wrote and directed, features Anupam Kher, Mahima Chaudhary, Milind Soman, Shreyas Talpade, Vishak Nair, and the late Satish Kaushik.

Mumbai 4th September 2024 The Maharashtra Real Estate Regulatory Authority’s (MahaRERA’s) new website MahaCRITI or Maha-Complaint and Regulatory Integrated Technology Implementation went live on September 1. To ensure effective browsing of the new portal, instructional videos have been posted online to guide users. Additionally, as previously announced, online training has been ongoing for two weeks since the website’s launch, queries from the stakeholders are being addressed. The training includes guidance for complainants, instructions for lawyers on how to file complaints and details about the subsequent process. Developers, promoters and their self-regulatory organisations are also being trained on how to effectively use the website for routine tasks such as registering new housing projects, making corrections, renewing registrations, submitting quarterly and annual progress reports, and filing Form 4 upon project’s completion. Real estate agents are also being guided on their routine tasks, such as registration, corrections and renewals. Overall, assistance is being provided to all stakeholders to help resolve any issues they face while performing these routine tasks. So far, around 550 developers, 350 agents and over 250 lawyers complainants have benefited by participating in this training. So far 2,766 individuals have accessed the new website and changed their passwords. A total of 581 promoters have updated their information on the portal and 8 promoters have registered their new projects, while 1 has moved a renewal application. From the real estate agents community, 21 applications have been received for new registration, 6 have applied for renewal and 84 agents have updated their information on the latest system. MahaRERA has received 17 complaints filed by homebuyers on the new website.

Mumbai, 30th August 2024: Bollywood heartthrob Kartik Aaryan has made headlines once again, this time for renting out his luxurious apartment in Mumbai’s upscale Juhu neighborhood. The property, which the actor purchased in June 2024 for an impressive Rs. 17.5 crore, has been rented out at a monthly rate of Rs. 4.5 lakh, highlighting the robust demand in Mumbai’s premium real estate market. Located in the prestigious Siddhi Vinayak Presidency Co-operative Housing Society, the apartment spans 1,912 sq. ft. (177.72 sq. m) and is known for its stunning sea views and prime location. The transaction was officially registered with a stamp duty of Rs. 42,500, reflecting the meticulous attention to detail in this high-profile deal. Kartik Aaryan’s real estate investments have consistently demonstrated his astute financial acumen. The ‘Chandu Champion’ actor’s purchase of the Juhu property was jointly registered with his mother, Mala Tiwari, on June 30, 2024. The acquisition involved a stamp duty payment of Rs. 1.05 crore and a registration fee of Rs. 30,000, along with two dedicated car parking spaces. The rental yield on this property, according to Square Yards, stands at a noteworthy 3.1 percent. This latest transaction is part of Aaryan’s expanding real estate portfolio. In July 2023, his parents also invested Rs. 16.5 crore in an apartment on the 8th floor of the same housing project, underlining the family’s confidence in the Juhu locality. Juhu remains a top choice for celebrities and high-net-worth individuals, celebrated for its beachfront, vibrant atmosphere, and proximity to luxury amenities. The area’s allure has attracted many from the entertainment industry, including renowned screenwriter, poet, and lyricist Javed Akhtar, who also purchased property in the area earlier this year. As Kartik Aaryan continues to make strides in both his career and personal investments, his latest move reinforces the ongoing strength and appeal of Mumbai’s premium real estate market. *About Kartik Aaryan:* Kartik Aaryan is one of Bollywood’s most sought-after actors, known for his roles in popular films such as ‘Bhool Bhulaiyaa 2’ and the upcoming ‘Bhool Bhulaiyaa 3’. He is not only a talented actor but also an astute investor, with a growing real estate portfolio in Mumbai.