Astral Paints

DLF Exits Rs 100 Bn Mumbai Project after Rs 8 Bn Settlement

In a significant development for Mumbai’s real estate landscape, DLF and Hubtown have settled their long-standing legal dispute over the Rs 100-billion Tulsiwadi urban renewal project in South Mumbai. The agreement includes an Rs 8 billion payout from Hubtown to DLF.The redevelopment project, located on a 17-acre land parcel next to the Willingdon Club in Tardeo, had been stalled for years due to legal and regulatory challenges. With the settlement now in place, the project is expected to proceed without further legal hurdles.As part of the consent terms, DLF has formally exited the project ..

Brigade Buys Bengaluru Land for Rs 5.88 Bn, Plans Rs 52 Bn Project

Brigade Enterprises has announced the acquisition of a 20.19-acre land parcel in the Whitefield–Hoskote corridor of Bengaluru for Rs 5.88 billion. The deal was executed through its wholly owned subsidiary, Ananthay Properties.The land is strategically located in a high-growth zone with excellent connectivity to IT parks, industrial areas, and upcoming infrastructure. The company plans to develop a large-scale mixed-use project on the site, with an estimated Gross Development Value (GDV) of Rs 52 billion.Spread across 4.2 million square feet, the project will feature a combination of resident..

Mumbai Luxury Home Sales Hit Rs 147.50 Bn in H1 2025

Mumbai’s luxury housing market (Rs 100 million and above) has achieved a record high in the first half of 2025, with sales worth Rs 147.50 billion across both primary and secondary markets, according to a joint report by India Sotheby’s International Realty and CRE Matrix.This marks an 11 per cent rise compared to Rs 123 billion in the same period last year (H1 2024). Combined with sales in H2 2024, the overall luxury housing segment hit an all-time high of Rs 287.50 billion between H2 2024 and H1 2025.The surge reflects robust demand driven by rising wealth, strong investor sentiment, and..