Nuvoco Vistas To Invest Rs 200 Crore Expanding Capacity By Four MMTPA
JSW Paints Appoints Rohit Talwar As Chief Marketing Officer After Castrol India Exit
JSW Paints, one of India’s fastest-growing paints companies, has announced the appointment of Rohit Talwar as its new Chief Marketing Officer (CMO). The leadership addition comes at a strategic time as the company strengthens its brand presence and expands operations in the highly competitive decorative paints segment.
Rohit Talwar brings with him more than two decades of experience in brand building, marketing strategy, and business leadership. Prior to joining JSW Paints, he held key leadership roles at Castrol India, where he played an instrumental role in shaping brand positioning, customer outreach, and digital engagement. His exit from Castrol India marked the end of a significant tenure that saw the company enhance its brand recall in the lubricants sector through innovative marketing campaigns and consumer-centric strategies. At JSW Paints, Talwar will spearhead marketing initiatives, with a strong focus on driving consumer engagement, scaling brand visibility, and introducing disruptive marketing campaigns that resonate with the evolving aspirations of Indian households. His role will also cover strengthening distribution networks and working closely with innovation teams to align product offerings with consumer needs.
Company officials said that JSW Paints, backed by the diversified JSW Group, has been steadily expanding its footprint in India’s decorative paints industry, which is dominated by established players. With its “Think Beautiful” philosophy and differentiated market strategies, the brand aims to challenge industry norms by offering transparent pricing and eco-friendly products. The appointment of Rohit Talwar as CMO is expected to accelerate these efforts. Industry experts believe the move signals JSW Paints’ intent to deepen its consumer connect at a time when the Indian paints industry is witnessing rapid growth. Rising disposable incomes, urbanisation, and demand for premium products are pushing companies to invest in strong marketing leadership. Talwar’s expertise in handling large consumer brands positions him as a strong asset for JSW Paints in capturing a larger share of this growing market.
In a statement, JSW Paints executives expressed confidence that Rohit Talwar’s vision and leadership will strengthen the company’s journey toward becoming a household name in the decorative paints category. They highlighted that his ability to combine traditional brand-building with new-age digital strategies will be crucial in engaging with younger consumer segments. Rohit Talwar’s appointment underscores a larger trend in India Inc., where companies across sectors are increasingly seeking seasoned professionals with cross-industry experience to drive marketing and growth. His transition from Castrol India, a market leader in lubricants, to JSW Paints, a challenger in the paints sector, reflects the growing convergence between industries in leveraging consumer insights and digital-first marketing approaches.
With this leadership move, JSW Paints has positioned itself strongly for its next phase of growth, eyeing both urban and semi-urban markets while staying committed to innovation and sustainability in its offerings.
JSW Paints Appoints Rohit Talwar As Chief Marketing Officer After Castrol India Exit
Apple Leases 64,125 Sq Ft Hyderabad Office For Rs 80.15 Lakh Monthly
Global technology giant Apple has taken a significant step to strengthen its presence in India by leasing a large office space in Hyderabad. The company has finalised a deal to occupy 64,125 square feet of prime office area, with a monthly rental outlay of ₹80.15 lakh.
According to property documents, the lease agreement has been signed for a long-term period, underlining Apple’s commitment to expand operations in the country. The office space, located in Hyderabad’s prominent IT corridor, is part of a Grade-A commercial building that already houses several multinational technology firms. Industry experts note that the high-value lease reflects Apple’s growing focus on the Indian market, both as a consumer base and as a hub for backend operations. The office deal translates to a per square foot rent of over ₹125, which is considered premium for the Hyderabad market. This highlights the demand for world-class office infrastructure among global companies looking to operate in India’s key IT hubs. The new facility is expected to accommodate teams involved in software development, cloud services, and data management, though Apple has not officially disclosed the specific functions that will be carried out from the premises.
Hyderabad has steadily emerged as one of India’s top destinations for global technology players. Over the past decade, the city has attracted companies such as Microsoft, Google, Amazon, and Meta, in addition to a growing number of semiconductor and hardware manufacturers. The availability of skilled talent, competitive rentals compared to Bengaluru and Mumbai, and strong government support for IT and electronics have made Hyderabad an attractive investment destination. Real estate analysts point out that Apple’s move comes at a time when commercial leasing activity in Hyderabad has been on the rise, driven by global firms diversifying their operations. Despite global economic headwinds, the Indian office market has remained resilient, with steady absorption of Grade-A spaces across key metros. Apple’s leasing of a large office in Hyderabad is being seen as a vote of confidence in India’s potential as both a technology hub and a market for its expanding ecosystem of products and services.
Apple has been gradually deepening its footprint in India over the past few years. The company opened its first flagship stores in Mumbai and Delhi in 2023 and has been scaling up manufacturing in partnership with Foxconn, Wistron, and Pegatron to expand local production of iPhones. Its Hyderabad office is expected to complement these initiatives, particularly in areas of engineering support, data services, and backend development. With this deal, Apple joins the list of major global technology companies that are betting big on Hyderabad’s real estate market. The move also signals that India will continue to play a strategic role in Apple’s global growth plans, as the company looks to diversify its operations beyond traditional markets.
Apple Leases 64,125 Sq Ft Hyderabad Office For Rs 80.15 Lakh Monthly
Mumbai Property Market Records 3 Percent Dip In Registrations, Stamp Duty Down 6 Percent
Mumbai’s property market saw a modest slowdown in August, with registrations slipping by 3 per cent year on year to 11,230 units and stamp duty revenues dipping 6 per cent to Rs 1,000 crore, according to data released by industry experts. The figures highlight a softer month for India’s financial capital, although overall housing demand continues to reflect resilience.
On a sequential basis, both property registrations and stamp duty collections fell 11 per cent, underscoring the effect of affordability pressures and monsoon seasonality. Yet, the broader picture remains stable. From January to August 2025, Mumbai recorded nearly 99,869 registrations, a 3 per cent rise compared to last year, while revenue contributions to the state exchequer surged by 11 per cent to over Rs 8,854 crore, supported by sustained buyer confidence. Residential demand dominated the market in August, accounting for 80 per cent of all registrations. Homes priced below Rs 1 crore grew their market share to 48 per cent, signalling the preference for affordability-driven segments. Conversely, the Rs 1–5 crore mid-market shrank from 19 per cent last year to 16 per cent this August, reflecting the strain on household budgets amid higher borrowing costs.
Interestingly, luxury housing displayed resilience. Properties valued above Rs 5 crore made up 6 per cent of registrations in August, compared to 5 per cent during the same period last year. Market watchers suggest this reflects the continued appetite for premium real estate among high-net-worth buyers, even as middle-income groups feel the pinch of affordability. Property size preferences remained consistent, with units up to 1,000 square feet contributing 85 per cent of all registrations. The 500–1,000 sq ft range remained the most sought after, striking a balance between affordability and usable living space for nuclear families and first-time buyers.
Geographically, the Western and Central Suburbs continued to dominate demand, accounting for 86 per cent of registrations. The Western Suburbs led with a 54 per cent share, followed by the Central Suburbs at 32 per cent. South Mumbai remained steady at 7 per cent, while Central Mumbai’s share slipped to 7 per cent from 11 per cent last year, indicating shifting preferences towards more affordable suburban corridors. Industry experts note that Mumbai’s property market has remained remarkably consistent through 2025, with monthly registrations largely crossing the 11,000-mark and revenues surpassing Rs 1,000 crore. While August reflected a temporary dip, the market is expected to regain momentum in the coming months, particularly as developers line up festive season launches and buyers return with renewed interest.
For policymakers, the steady revenue from property registrations continues to provide critical support for state finances. For households, however, affordability remains the key challenge, making compact housing and suburban living the defining features of Mumbai’s real estate landscape.
Mumbai Property Market Records 3 Percent Dip In Registrations, Stamp Duty Down 6 Percent
Puravankara Bags Mumbai Housing Redevelopment Project, Targets Rs 2,700 Crore Revenue
Real estate developer Puravankara has secured a significant contract to redevelop a large housing society in Mumbai, marking another milestone in its growth strategy. The project, located in a prime residential neighbourhood of the city, is expected to generate a revenue potential of nearly Rs 2,700 crore once completed.
According to company officials, this redevelopment project will not only contribute substantially to Puravankara’s portfolio but also strengthen its presence in Mumbai’s competitive real estate market. With demand for modern housing in India’s financial capital continuing to surge, the company is betting on the redevelopment model to unlock value both for the existing residents and future homebuyers. The project involves transforming an ageing residential society into a modern, premium housing complex with enhanced lifestyle amenities. Officials stated that the redevelopment will include larger apartments, improved infrastructure, sustainable building practices, and community-focused spaces that cater to the evolving needs of urban residents. This aligns with the company’s long-term strategy of investing in high-value projects across metro cities.
Industry analysts note that the Rs 2,700 crore revenue target reflects both the scale of the project and the rising value of residential property in Mumbai. Redevelopment has emerged as a crucial growth driver in the city, where land scarcity leaves limited room for new greenfield projects. By partnering with housing societies, developers like Puravankara gain access to prime land parcels while offering residents upgraded living spaces at no additional cost. The Mumbai redevelopment market has seen a wave of activity in recent years, with both established and new developers competing to secure projects. Rising property values, coupled with regulatory clarity under the Maharashtra government’s redevelopment policies, have encouraged more societies to opt for redevelopment agreements. For Puravankara, this contract represents a strong foothold in a city where demand for premium housing continues to outpace supply.
Executives from the company highlighted that the redevelopment will be executed with a focus on sustainability, incorporating energy-efficient designs, green construction practices, and smart infrastructure solutions. Such measures, they added, are increasingly becoming key differentiators in attracting environmentally conscious buyers and investors. The project is expected to be completed in phases, with timelines aligned to regulatory approvals and construction schedules. Once launched, Puravankara anticipates strong demand from both end-users and investors, given the location’s connectivity and lifestyle offerings.
With this development, Puravankara joins the ranks of leading developers who are driving the transformation of Mumbai’s housing landscape through redevelopment projects. The move is seen as a strategic bet on the long-term growth of India’s most lucrative real estate market.
Puravankara Bags Mumbai Housing Redevelopment Project, Targets Rs 2,700 Crore Revenue
Bollywood Actress Hema Malini Sells Two Mumbai Apartments For Rs 12.50 Crore
Bollywood actress and politician Hema Malini, popularly known as the “Dream Girl” of Indian cinema, has recently concluded a significant property transaction in Mumbai. According to registration documents, the actress sold two adjoining apartments in the upscale Oshiwara area of Andheri (West) for a combined value of Rs 12.50 crore.
The apartments, which are located in a premium residential complex, cover a total area of approximately 2,550 sq ft. Each unit comes with its own parking space and is said to offer modern amenities along with good connectivity to major commercial and entertainment hubs of the city. The deal was officially registered in August 2025, with the buyer paying a stamp duty of Rs 75 lakh, as per government records. Hema Malini, who has had a prolific career spanning over five decades in the film industry, has not only made a mark as a successful actress but also as a dancer, producer, and politician. Best remembered for her roles in films like Sholay, Seeta Aur Geeta, Dream Girl, and Baghban, she continues to remain a respected figure in both the entertainment industry and public life. Currently, she also serves as a Member of Parliament from Mathura, Uttar Pradesh, representing the Bharatiya Janata Party (BJP).
This real estate transaction has once again drawn attention to the strong investment appetite for luxury residential properties in Mumbai. Despite high property prices, demand remains steady, especially in prime neighbourhoods such as Andheri, Juhu, Bandra, and Worli. Market experts suggest that transactions involving celebrities and public figures often highlight the attractiveness of Mumbai’s property market as both a lifestyle and investment choice. With this sale, reports suggest that Hema Malini continues to hold multiple other assets in Mumbai and beyond, reflecting her long-standing financial stability and diversified investments. According to wealth estimates, her net worth currently stands at around Rs 122 crore, which includes real estate, film royalties, political career-related income, and brand endorsements.
Property market analysts say that Mumbai has witnessed a steady stream of high-value deals in 2025, with many Bollywood actors and industrialists either upgrading to larger luxury residences or liquidating older assets for fresh investments. Hema Malini’s decision to sell the Oshiwara apartments may be aligned with similar trends, as celebrities often restructure their real estate portfolios based on lifestyle preferences, family requirements, or investment strategies. The deal further reinforces Mumbai’s position as one of the most expensive real estate markets in India, where even mid-sized apartments in prime localities often command premium rates.
For fans of Hema Malini, the news reflects another chapter in the life of the legendary actress who continues to balance her film legacy, political responsibilities, and financial management with elegance.
Bollywood Actress Hema Malini Sells Two Mumbai Apartments For Rs 12.50 Crore
Mumbai Railways To Lease Mahalaxmi And Bandra Plots Earning Rs 6k Crore Revenue
Mumbai is poised for a fresh wave of real estate activity as Indian Railways prepares to lease two of its prime land parcels in Mahalaxmi and Bandra. The initiative, driven by the Rail Land Development Authority (RLDA), is expected to generate over ₹6,000 crore in upfront lease revenue while reshaping urban landscapes in these already high-value zones.
The 2.67-acre Mahalaxmi plot, with a base price set at nearly ₹993 crore, has already been opened for bids. The Bandra parcel, spread across 10.6 acres near the railway station, will soon follow with its request for proposals expected within days. Developers eyeing the land will also be required to share a fixed percentage of their revenue under the lease agreement, ensuring continued returns for the railways beyond the upfront payment. Mahalaxmi’s transformation over the last three decades has been remarkable. Once dominated by textile mills and workers’ housing, the area has evolved into a hub of luxury towers, office complexes, and commercial spaces. The railway plot, located near major transit points including the suburban rail station, metro, and monorail corridors, is among the last significant land parcels available in the neighbourhood. Industry experts say its connectivity to Nariman Point, Lower Parel and the Bandra-Kurla Complex makes it particularly attractive for luxury residential or mixed-use projects.
The tender conditions highlight a floor space index (FSI) of 4.05, with the possibility of enhanced FSI under the National Transit Oriented Development (TOD) Policy. This could enable developers to construct high-density, mixed-use towers, aligning with sustainable urban planning principles that promote compact development around transit hubs. Officials added that higher FSI would also trigger proportionate revenue sharing with the railways. While the Mahalaxmi site features old office structures, warehouses, and a handful of trees, its prime location and potential for vertical expansion have already drawn interest. Developers are expected to discuss finer terms, including revenue sharing models, during a pre-bid meeting scheduled this month in south Mumbai.
The Bandra plot, though larger, comes with its own challenges. Situated in the heart of the city’s western suburbs, the land has long been encroached upon. Experts, however, view its redevelopment as a critical opportunity to unlock value in one of Mumbai’s most connected zones, especially with Bandra serving as a gateway between the city’s financial centres and upcoming infrastructure corridors. Urban planners note that while the revenue prospects are significant, the projects must balance commercial ambition with sustainability and equity. Large-scale real estate development in Mumbai has often triggered debates around displacement, environmental impact, and affordability. For the city’s long-term resilience, experts emphasise the importance of ensuring that public assets like railway land are used to promote inclusive growth alongside economic gains.
The railway’s monetisation drive is not just a financial exercise but a potential turning point in how Mumbai leverages scarce land resources. If executed with foresight, the Mahalaxmi and Bandra leases could simultaneously boost railway finances, fuel the luxury real estate market, and integrate sustainable principles into the city’s urban fabric.
Mumbai Railways To Lease Mahalaxmi And Bandra Plots Earning Rs 6k Crore Revenue
Bollywood Actor Hrithik Roshan Rents Sea Facing Apartment To Girlfriend Saba Azad for Rs 75000 per month
Bollywood actor Hrithik Roshan has leased his sea-facing luxury apartment in Juhu to his partner Saba Azad for Rs 75,000 per month. The arrangement, formalised through a leave and licence agreement, reflects a growing trend of celebrities optimising the use of their high-value residential assets while adhering to legal and taxation frameworks.
The property, located in the exclusive Mannat Apartments on Juhu-Versova Link Road, spans approximately 12,000 sq ft. Hrithik Roshan had purchased multiple units in the building in October 2020, including a duplex on the 19th and 20th floors and a separate floor on the 18th, for a combined investment of Rs 97.5 crore. The current rental agreement, dated August 4, 2025, includes a security deposit of Rs 1.25 lakh. Industry sources indicate that typical rents for a 3-BHK apartment in this prime Juhu location range from Rs 1 lakh to Rs 2 lakh per month. Analysts note that the actor’s decision to rent the property at Rs 75,000 could be influenced by personal convenience, tax planning, and long-term asset management strategies.
Tax experts highlight that renting out properties beyond two self-occupied homes can optimise tax liabilities. “Under current income tax provisions, only two houses can be treated as self-occupied. Rental income from additional properties is taxable, but this can be balanced through strategic leasing agreements,” explained a senior chartered accountant. Experts suggest that such arrangements provide both financial benefits and a legal framework for asset utilisation. This is not Hrithik Roshan’s first foray into real estate leasing. In 2023, a flat in the same building was leased at Rs 6 lakh per month, while earlier in 2025, the actor rented a 2,727 sq ft commercial property in Goregaon for Rs 5.62 lakh per month and renewed a 9,209 sq ft commercial space in Pune’s Kharadi area at Rs 6.08 lakh monthly rent. Additionally, Hrithik Roshan and family sold three residential apartments in Mumbai’s Andheri area for Rs 6.75 crore earlier this year, signalling active management of their property portfolio.
With Mumbai’s luxury residential market witnessing strong demand yet fluctuating rental yields, Roshan’s decision illustrates a strategic balance between personal convenience and financial prudence. By leasing a sea-facing apartment at a comparatively moderate rate, the actor ensures the property is maintained and legally compliant while supporting transparent taxation practices. The move also reflects broader trends among high-net-worth individuals in Mumbai, where celebrity-owned properties are increasingly leveraged for rental income, tax efficiency, and portfolio diversification. Experts indicate that such decisions enhance property utilisation while maintaining long-term asset value in one of India’s most premium residential markets.
Bollywood Actor Hrithik Roshan Rents Sea Facing Apartment To Girlfriend Saba Azad for Rs 75000 per month
MHADA Extends Deadline For 5,285 Flats, 77 Plots In Thane, Vasai Till September 12
Affordable housing seekers in Thane and Vasai have been given additional time to secure a home under the Maharashtra Housing and Area Development Authority’s (MHADA) Konkan Board lottery. The housing authority has extended the last date for online applications till 12 September, offering another opportunity for thousands of aspirants eyeing the 5,285 flats and 77 residential plots up for sale.
This is the second extension granted for the housing scheme, which has drawn wide public interest across the Mumbai Metropolitan Region. Officials confirmed that while the original deadline ended on 28 August, the revised schedule has been announced to ensure maximum participation from potential buyers struggling with procedural requirements. According to official figures, the Konkan Board had received over 1.5 lakh applications by the earlier deadline, but only 1.16 lakh of these applicants had completed the payment process. The revised dates are aimed at bridging this gap, enabling applicants to complete documentation and financial formalities within the new window. Online payments will now be accepted until 13 September, while RTGS and NEFT transactions through banks will be accepted till 15 September.
Officials emphasised that only applicants who complete all mandatory steps will be deemed eligible. A provisional list of eligible applicants will be uploaded on 22 September, with a window until 24 September to raise claims and objections. The final list is expected to be out on 7 October, paving the way for the computerised lottery draw scheduled on 9 October at an auditorium in Thane. The housing scheme covers flats and plots in Thane city, its surrounding districts, and Vasai in Palghar, regions where property demand remains high but affordability continues to be a challenge. MHADA lotteries are considered one of the most viable options for middle-class and lower-income families seeking to buy a home, given that prices are comparatively lower than market rates.
Experts point out that the extension of deadlines reflects both demand and the complexities of navigating the digital application process. With affordability still at the heart of urban housing policy, the scheme is being closely tracked by housing activists who argue that such initiatives contribute to building more equitable and sustainable cities by offering formal housing options and reducing reliance on unregulated markets. While the deadline extension has been welcomed by citizens, the real test will be the draw date in October, when the demand-supply mismatch will again come into focus. With limited supply compared to the overwhelming number of applicants, only a fraction will secure a home.
Nevertheless, the initiative continues to remain a crucial intervention in the urban housing ecosystem of Maharashtra, underscoring the state’s attempt to balance affordability, demand, and the growing need for inclusive housing.
MHADA Extends Deadline For 5,285 Flats, 77 Plots In Thane, Vasai Till September 12
SAIL Supplies 8000 Tonnes Critical Steel for Udaygiri and Himgiri Frigates
The Steel Authority of India Limited (SAIL) has reinforced India’s stride towards defence self-reliance by supplying nearly 8,000 tonnes of critical-grade steel for two indigenously built stealth frigates, INS Udaygiri and INS Himgiri. The simultaneous commissioning of these frontline warships into the Indian Navy at Visakhapatnam on August 26, 2025, marks an unprecedented milestone in domestic shipbuilding.
For the first time, two Project 17A surface combatants, constructed by separate shipyards—Mazagon Dock Shipbuilders Limited (MDL), Mumbai, and Garden Reach Shipbuilders & Engineers Limited (GRSE), Kolkata—were inducted into service together. SAIL’s contribution was sourced through its Bokaro, Rourkela, and Bhilai plants, underlining the company’s strategic role in supplying specialised steel critical for advanced naval applications. Officials noted that this achievement is a major step in import substitution for defence infrastructure, significantly reducing India’s dependence on imported high-quality steel. It also exemplifies the objectives of the ‘Atmanirbhar Bharat’ and ‘Make in India’ initiatives, highlighting the country’s capacity to develop complex defence assets domestically.
Experts in defence manufacturing emphasised that critical-grade steel forms the backbone of stealth frigate construction, providing the necessary strength, durability, and resilience against extreme maritime conditions. The steel supplied by SAIL ensures that the vessels meet international standards while supporting indigenous technological capabilities. “The simultaneous induction of INS Udaygiri and INS Himgiri reflects not only operational efficiency but also the maturity of India’s defence production ecosystem,” said a senior naval official. “It demonstrates how coordinated efforts between shipyards, steel producers, and strategic defence authorities can fast-track operational readiness.”
SAIL’s strategic steel supply has broader economic and technological implications. By providing domestic alternatives for specialised materials, the company reduces foreign dependency, supports local industry, and strengthens the nation’s manufacturing base. Analysts believe this development will encourage further investments in indigenous naval technologies and enhance India’s standing in global defence manufacturing. The successful commissioning of these frigates also highlights the importance of collaboration between public sector units in achieving national defence objectives. As naval modernization accelerates, SAIL’s steel contribution underscores its role as a key enabler in realising India’s vision of a technologically advanced and self-reliant navy.
With the Project 17A stealth frigates now operational, India strengthens its maritime security while demonstrating the value of integrating domestic industrial capabilities with defence strategy. Observers note that the lessons learned from this collaboration could serve as a template for future large-scale defence manufacturing projects, combining advanced material science with indigenous engineering.