Paradigm Realty Celebrates 10 Years, Delivering 3 Million Sq Ft Across 13 Projects
Bollywood Icons Hrithik Roshan & Rakesh Roshan Buy Chandivali Office Units, Boost Real Estate Holdings
Bollywood actor Hrithik Roshan and veteran filmmaker Rakesh Roshan have made a significant move in Mumbai’s commercial property market by acquiring premium office spaces in Chandivali. The father-son duo has purchased multiple units in a newly developed commercial complex, signalling a deliberate expansion of their real estate portfolio beyond the entertainment sector.
According to property market sources, the acquisition comprises several office units with modern amenities, strategically located in one of the city’s fastest-growing commercial hubs. While the transaction value has not been officially disclosed, industry estimates suggest it runs into several crores, positioning it among the notable celebrity-led real estate investments in recent months. Chandivali’s emergence as a commercial hotspot is no coincidence. Nestled between the thriving residential hub of Powai and the industrial-commercial corridor of Andheri, the area offers exceptional connectivity to the Mumbai International Airport and the city’s western and central suburbs. The presence of well-planned infrastructure, coupled with an influx of IT firms, creative agencies, and co-working spaces, has elevated its profile in the eyes of investors.
Market observers highlight that the Roshans’ decision mirrors a growing trend among high-net-worth individuals and celebrities, who are increasingly turning to commercial real estate as a means of portfolio diversification. Beyond its prestige factor, the Chandivali property offers multiple potential uses — from serving as a production office or corporate headquarters to generating rental income through leasing to established businesses. Industry experts also point out that this purchase underscores confidence in Mumbai’s commercial real estate recovery. After the pandemic-induced slowdown, the sector has seen renewed momentum driven by hybrid work models, rising demand for premium-grade office spaces, and limited supply in established business districts. Emerging micro-markets like Chandivali are now benefiting from this shift, offering competitive pricing alongside infrastructure growth.
The acquisition also aligns with broader investment patterns observed in Mumbai’s property landscape. Many investors are strategically targeting mixed-use developments that cater to both corporate tenants and retail businesses. In this context, the Roshans’ choice of a high-quality commercial complex enhances both the immediate utility and long-term appreciation potential of their asset. By consolidating their presence in one of Mumbai’s rising business corridors, the family is positioning itself to benefit from both capital appreciation and steady income streams. The move demonstrates a pragmatic approach — balancing the glamour of celebrity branding with the grounded logic of strategic wealth management.
As Mumbai continues to expand its commercial footprint, investments of this nature reinforce the city’s standing as India’s financial powerhouse. With Chandivali on the cusp of becoming a mainstream business destination, the Roshans’ latest acquisition could serve as both a smart financial decision and a statement of confidence in the city’s future growth.
Bollywood Icons Hrithik Roshan & Rakesh Roshan Buy Chandivali Office Units, Boost Real Estate Holdings
Puravankara Developer To Build 5 Million Sq Ft Grade-A Commercial Space Across India
Puravankara Ltd has announced an ambitious plan to develop five million square feet of Grade-A commercial spaces across key Indian cities, signalling a significant expansion in its commercial property portfolio. The move comes amid strong demand for high-quality office and retail spaces driven by multinational corporations, technology firms, and domestic enterprises seeking modern, sustainable workplaces.
According to company executives, the upcoming projects will be strategically located in prime business districts and emerging commercial hubs to ensure strong connectivity and accessibility. The focus will be on delivering state-of-the-art infrastructure, energy-efficient designs, and smart building features to meet global corporate standards. The company’s decision aligns with the current real estate market trends, where Grade-A office spaces have been recording steady absorption rates despite economic challenges. Market experts note that post-pandemic workspace preferences have shifted towards well-designed, flexible office environments with robust safety and sustainability features — an area Puravankara aims to capitalise on.
The projects will be developed in phases over the next few years, catering to both the IT/ITeS sector and non-IT enterprises. While the company has not disclosed the exact investment figures, industry estimates suggest the total development cost could run into several thousand crores, given the premium specifications and large-scale construction planned. Puravankara also intends to incorporate green building practices and IGBC/LEED certifications across its developments, underscoring its commitment to sustainable urban growth. This includes efficient waste management systems, water conservation technologies, renewable energy integration, and advanced air filtration for improved indoor air quality.
The commercial real estate market in India has seen growing investor confidence, with global institutional funds and domestic investors actively exploring opportunities in the segment. Puravankara’s entry into large-scale Grade-A commercial projects is expected to strengthen its market position, diversify revenue streams, and reduce dependency on residential sales. In addition to catering to corporate tenants, select projects may also include premium retail spaces, creating integrated commercial hubs that combine work, leisure, and lifestyle amenities. These hubs are designed to serve not just office employees but also the surrounding residential communities, thereby boosting footfall and economic activity in the area.
With operations across major metropolitan markets such as Bengaluru, Mumbai, Pune, Hyderabad, and Chennai, Puravankara plans to leverage its strong land bank and construction expertise to ensure timely delivery and high-quality execution. Industry analysts believe that the company’s expansion in the commercial segment could place it among the top developers in the space over the next decade. The initiative reflects a broader industry shift, as developers increasingly diversify into commercial and mixed-use formats to capture stable rental incomes and long-term asset appreciation. As demand for premium workspaces continues to rise, Puravankara’s latest move could be a defining chapter in its growth journey.
Puravankara Developer To Build 5 Million Sq Ft Grade-A Commercial Space Across India
AGL Showcases Innovative Design-Driven Tile Collections At ELEVATE 2025 To Inspire Spaces
Asian Granito India Ltd (AGL), one of India’s leading tile manufacturers, has made a strong style statement at ELEVATE 2025, unveiling its latest range of design-driven tile collections aimed at redefining the aesthetics and functionality of modern living spaces. The launch marks another milestone in AGL’s journey towards blending innovation, craftsmanship, and sustainability in the tile industry.
The new collections, presented at the event, draw inspiration from global design trends, incorporating a diverse palette of colours, textures, and finishes. The company emphasised that the range caters to evolving consumer preferences, which increasingly seek a combination of elegance, durability, and easy maintenance. From minimalist matt finishes and luxurious high-gloss options to earthy textures and stone-inspired designs, the collection offers versatility for both residential and commercial projects. According to company officials, the latest designs were developed with the idea of “transforming spaces into experiences.” AGL’s in-house design team has focused on creating tiles that not only meet functional requirements but also enhance the personality of a room. The company has also placed a strong focus on larger slab formats, which have become a global favourite due to their seamless appearance and reduced joint lines.
Sustainability continues to be a key theme in AGL’s product development. The new tile collections are manufactured using advanced processes that aim to reduce environmental impact, including energy-efficient kilns, water recycling systems, and the use of eco-friendly raw materials. The company’s leadership reiterated its commitment to aligning with India’s green building movement and meeting the demands of environmentally conscious consumers. ELEVATE 2025 served as a platform for AGL to showcase its ability to anticipate and respond to shifts in interior design preferences. Industry experts and architects attending the event praised the brand for balancing aesthetic appeal with practical utility. AGL also demonstrated the use of digital printing technology, which allows for highly detailed patterns, textures, and customisation, further expanding creative possibilities for designers and homeowners.
The company’s representatives highlighted that the collections are competitively priced, aiming to make premium design accessible to a wider audience. This approach reflects AGL’s growth strategy, which combines expanding domestic market share with increasing exports to key international destinations. With this launch, AGL is not just adding new products to its portfolio—it is reinforcing its position as an industry innovator.
AGL Showcases Innovative Design-Driven Tile Collections At ELEVATE 2025 To Inspire Spaces
Berger Paints targets Rs 20,000 crore turnover by 2030 with growth strategies
Berger Paints India, one of the country’s leading decorative and industrial coatings manufacturers, has unveiled an ambitious growth plan, targeting a turnover of ₹20,000 crore by 2030. The move reflects the company’s confidence in India’s expanding construction and home improvement sectors, supported by rising disposable incomes and increased urbanisation.
The company, which currently commands a 20 per cent share in the organised paints market, has demonstrated resilience in a challenging business environment marked by an economic slowdown, volatile raw material prices, and heightened competition. Despite these headwinds, it registered over 7 per cent volume growth in the previous financial year, coupled with a notable improvement in operating profit margins. Industry experts note that the paints and coatings segment in India remains relatively underpenetrated compared to global markets, offering ample headroom for growth. Berger Paints has been steadily investing in capacity expansion, digital transformation, and sustainable manufacturing practices, which are expected to play a crucial role in achieving its 2030 vision.
Company officials emphasised that the target is not merely aspirational but grounded in realistic market projections. With the government’s infrastructure push, affordable housing schemes, and a growing preference for premium paint finishes, the demand outlook remains positive. The brand’s diversified product portfolio, catering to both decorative and industrial applications, is also expected to mitigate sectoral fluctuations. While industry consolidation has been a key trend, officials stated that the recent acquisition of Akzo Nobel’s coatings business by another domestic conglomerate will not affect Berger Paints’ competitive position. Analysts agree that the company’s well-entrenched distribution network, strong brand equity, and sustained focus on product innovation give it a strategic edge.
In addition to commercial performance, Berger Paints has been aligning its operations with sustainability goals, aiming to reduce carbon emissions, optimise water use, and increase the share of eco-friendly products in its range. This shift aligns with the broader industry trend towards green building materials, driven by stricter environmental norms and consumer awareness. Market watchers believe that sustaining double-digit growth rates over the next six years will require continued investment in technology, supply chain efficiency, and workforce development. However, with India’s GDP growth forecast remaining among the highest globally, the macroeconomic backdrop appears supportive of the company’s expansion trajectory.
By setting a ₹20,000 crore turnover goal for 2030, Berger Paints has positioned itself to ride the wave of India’s real estate boom, infrastructure growth, and lifestyle upgrades — a combination that could see the paints industry emerge as one of the country’s fastest-growing consumer sectors.
Berger Paints targets Rs 20,000 crore turnover by 2030 with growth strategies
Navi Mumbai civic body updates property transfer fee rules to boost transparency measures
The Navi Mumbai Municipal Corporation has rolled out sweeping changes to its property transfer fee framework, aiming to simplify procedures, ensure transparency, and bring the system in line with prevailing market realities. The revised policy, now in immediate effect, incorporates adjustments tied to Reserve Bank of India’s lending rates, clearer late fee provisions, and refined calculations for varying types of property transactions.
Officials from the Municipal Tax Department have confirmed that while most provisions take effect immediately, the late fee structure will only be enforced from October, allowing property owners time to adapt. The intent, they say, is to ensure that no resident is caught unprepared by the updated regulations. Under the revised framework, transfer duty for registered purchase deeds, sale deeds, and gift deeds will now be calculated as 0.20% of either the transaction value or the ready reckoner rate—whichever is higher. These values are determined by the Registration and Stamps Department based on current market benchmarks.
Inheritance-based transfers, where no monetary consideration is involved, will attract a nominal fee, capped at the lower of the applicable stamp duty or ₹500. The civic body has retained the legal requirement for owners to notify the Commissioner within three months for regular transfers and within a year for inheritance cases. Any delay will invite a late fee, calculated as the RBI’s April lending rate plus 3% per annum, applied to the transfer fee due. The new rules also address complex cases involving both part agreements and transfer agreements, ensuring that the date of the document carrying the full stamp duty payment becomes the reference point for duty calculation. For companies and partnerships, changes in name or PAN will now automatically trigger a recalculation of the transfer fee based on the ready reckoner rate applicable in that year.
In cases where no consideration value or ready reckoner rate is specified in the registered document, the fee will be derived from the ready reckoner rate prevailing at the year of registration. For situations where ownership has changed multiple times without proper transfer records, the highest value—either the last registration’s reckoner rate or the consideration amount—will be applied. Municipal officials believe these updates will streamline property transactions, prevent valuation disputes, and encourage timely transfers. By delaying the late fee provision until October, the civic body is offering a grace period for compliance, a move that may also help reduce the number of unresolved transfers clogging administrative systems.
Residents can access detailed guidelines on the municipal website or at the Tax Department’s public helpdesk. The policy overhaul reflects the city’s push towards cleaner governance, sustainable urban growth, and efficient public service delivery—principles that, if implemented well, could set a benchmark for other urban local bodies across Maharashtra.
Navi Mumbai civic body updates property transfer fee rules to boost transparency measures
Rustomjee plans more Rs 5 crore projects, finds Rs 1–Rs 3 crore in high demand
Rustomjee is sharpening its focus on the city’s premium housing market, announcing plans to introduce more projects in the ₹5 crore price bracket while continuing to serve the consistently strong ₹1–₹3 crore housing segment. The company’s strategy reflects a dual approach aimed at capturing two distinct but lucrative sections of Mumbai’s homebuyer base. The ₹5 crore category is designed to cater to affluent buyers seeking spacious layouts, top-tier amenities, and prime locations.
These projects, often located in central and western suburbs, target high-net-worth individuals and professionals willing to invest in luxury living with a strong emphasis on lifestyle. However, company executives acknowledge that the city’s housing demand remains deeply anchored in the ₹1–₹3 crore range. This segment has long been a preferred choice for Mumbai’s upwardly mobile middle and upper-middle-class families, offering a balance between affordability, location, and quality. The developer believes this category will “always be the darling of Mumbai’s residential market,” given its broad appeal and steady absorption rate. Industry analysts note that Mumbai’s real estate market is witnessing a noticeable shift in demand patterns. While luxury housing above ₹5 crore has gained momentum post-pandemic, thanks to rising incomes and a surge in NRI investments, mid-luxury housing in the ₹1–₹3 crore range continues to drive overall sales volumes. This sustained demand is supported by a combination of factors, including stable interest rates, favourable government policies such as stamp duty concessions, and developers offering flexible payment plans.
Rustomjee’s upcoming ₹5 crore projects are expected to feature larger apartment sizes, modern designs, and curated community spaces to match global lifestyle standards. The developer also plans to integrate sustainable design elements and advanced home automation technologies, aligning with the growing preference for environmentally conscious and tech-enabled living. At the same time, the firm is preparing new launches in the ₹1–₹3 crore category, particularly in emerging residential hubs well-connected to business districts. These projects will focus on optimising usable space, enhancing amenities, and offering value-driven propositions for end-users. By diversifying its offerings across both premium and mid-luxury categories, Rustomjee aims to strengthen its position in Mumbai’s competitive real estate market. This approach allows the developer to hedge against market fluctuations while tapping into two demand-driven segments—affluent buyers upgrading to luxury and mid-income households seeking their first or second homes.
With multiple project announcements expected in the coming quarters, the company is positioning itself to benefit from Mumbai’s resilient property market and the evolving aspirations of its residents.
Rustomjee plans more Rs 5 crore projects, finds Rs 1–Rs 3 crore in high demand
Mumbai Residents Face Property Tax Bill Delays from BMC as Deadline Nears
Mumbai’s civic administration is under pressure as thousands of property owners complain of receiving their tax bills just days before the August 13 deadline. The Brihanmumbai Municipal Corporation (BMC) has acknowledged that printing delays and postal bottlenecks disrupted timely dispatch, sparking long queues at payment counters and concerns about late penalties. Officials say an extension of the payment date is now being considered.
For many residents, particularly those in the western suburbs, the delay has meant a compressed payment window. Physical copies for the April–September 2025 cycle, dated May, reached some households only in the final days of July. This has left taxpayers scrambling to arrange payments, especially for those who still rely on printed bills. Civic sources confirmed that those who had completed their Know Your Customer (KYC) process faced fewer issues, as bills were available online well before physical delivery. However, those without KYC-linked accounts remained dependent on the postal system — which proved unreliable this cycle.
The disruption has reignited calls for returning to the earlier system in which property tax bills were issued to entire housing societies rather than individual flat owners. Under that model, societies recovered the tax amount from residents through maintenance charges and remitted a lump sum to the BMC, thereby avoiding the individual rush now seen at ward offices. In some cases, assessment department officials directly contacted society managers, offering them the option to collect bills from the municipal office to bypass postal delays. While some housing complexes acted on this, others waited for postal delivery, which in certain cases came just days before the payment deadline.
Senior civic officials confirmed that a proposal to extend the deadline is under review. “The printing process was delayed, and postal dispatch was slower than expected. We are identifying how many citizens were affected and will decide accordingly,” said one official. Property tax remains the largest revenue stream for the BMC, contributing ₹6,198 crore in the 2024–25 fiscal year. Delays in collection could temporarily impact cash flow, particularly if the due date is pushed forward. However, experts say the episode underscores a larger issue — the need for a fully digital tax billing system that reduces reliance on paper and postal services.
Urban governance specialists argue that a comprehensive shift to e-billing would not only speed up payment cycles but also contribute to Mumbai’s sustainability targets, lowering the carbon footprint from paper production and delivery. With the city aiming for a zero-carbon future, a paperless property tax system is seen as a step towards equitable, eco-friendly governance. For now, residents await clarity from the civic body on whether their payment deadline will be extended — and whether Mumbai will finally modernise its property tax collection system to match the pace of the city it serves.
Mumbai Residents Face Property Tax Bill Delays from BMC as Deadline Nears
Ambuja Cements Q2 Earnings Surge 34 Percent, Driven By Higher Sales And Efficiency
Ambuja Cements has reported a strong second-quarter performance for FY26, with consolidated net profit rising 34 per cent year-on-year to ₹15.4 billion. This marks a significant improvement from ₹11.5 billion in the same quarter last year, underpinned by firm cement demand across India’s urban and rural markets, higher realisations, and disciplined cost management.
Consolidated revenue from operations stood at ₹97.8 billion for the quarter ended June 2025, up 15 per cent from ₹84.9 billion a year ago. Industry experts noted that both mid-scale infrastructure projects and sustained housing demand in key regions contributed to volume growth, while strategic pricing supported margins. Earnings before interest, tax, depreciation, and amortisation (EBITDA) surged 28 per cent to ₹21.5 billion, reflecting a combination of higher dispatch volumes, better price realisations, and operational efficiencies. Company officials said the results also benefited from ongoing cost optimisation programmes, which have helped offset inflationary pressures on input materials.
The cement major continues to focus on increasing its production capacity in high-demand zones, especially in central and eastern India, to capture the next phase of infrastructure-led growth. In parallel, the company is expanding its distribution network to ensure faster market access, which is crucial as urbanisation accelerates and the government’s push on affordable housing continues. In line with its long-term vision, Ambuja Cements is investing heavily in sustainability-driven manufacturing. The company has been integrating energy-efficient kilns, expanding its use of alternative fuels, and incorporating low-carbon blended cements to align with national decarbonisation targets. Officials added that these measures are not only reducing carbon emissions but also enhancing long-term cost competitiveness.
Market analysts said the cement industry is expected to maintain strong momentum in the coming quarters, supported by government infrastructure spending, steady real estate development, and a rebound in rural construction activity. For Ambuja Cements, the blend of operational discipline, demand-led expansion, and sustainable business practices positions it favourably in a competitive sector. The company remains committed to delivering long-term value for its stakeholders while addressing the challenges of climate change through responsible production. As India’s construction sector continues to expand, Ambuja Cements aims to be at the forefront of building resilient, eco-friendly, and inclusive infrastructure for the future.
Ambuja Cements Q2 Earnings Surge 34 Percent, Driven By Higher Sales And Efficiency
Prestige Group Acquires 102 Acres For Rs 200 Billion Residential Projects Nationwide Expansion
