S Raheja Closes Rs 6.28 billion Penthouse Deal in Bandra

05 Jan 2026 CW Team

S Raheja closed 2025 with the sale of an ultra-luxury penthouse at Evergreen on Perry Road, Bandra, for Rs 6.28 billion. The transaction, registered on 15 December 2025, ranks among the notable high-value residential deals in the Bandra micro-market last year and highlights sustained demand for rare, large-format homes in established luxury neighbourhoods.

The penthouse, often described as a “villa in the sky”, features expansive private terraces and a double-height living area, offering scale and privacy that remain scarce in the city. With a RERA carpet area of 4,583 sq ft, the transaction reflects an effective value of around Rs 1.37 lakh per sq ft, placing it among the higher-priced residential sales in Bandra.

The residence has been acquired by members of the Singh family, founders of Alkem Laboratories, reinforcing the preference among leading business families for bespoke, low-density homes in legacy locations. As Mumbai’s residential market enters 2026, the Evergreen deal points to the continued resilience of the luxury housing segment, particularly for one-of-a-kind properties combining location, scale and long-term value.

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

India Real Estate Shifts to Institutional Capital

India’s real estate sector is undergoing a structural transformation, evolving from family-funded models into a globally integrated and institutionalised asset class, as highlighted at EXCELERATE 2026 organised by NAREDCO Maharashtra NextGen in Mumbai.The event saw participation from over 750 delegates, including investors, policymakers and industry leaders, who discussed the sector’s rapid evolution driven by urbanisation, regulatory transparency and innovative financing tools such as REITs and SM REITs.Dr Niranjan Hiranandani emphasised that urbanisation is expected to rise from 35 per c..

Dubai Q1 Property Sales Rise 23.4% in Value

Dubai’s real estate market recorded 47,996 sales transactions worth AED 176.7 billion in Q1 2026, marking a 5.5 per cent year-on-year rise in volume and a 23.4 per cent increase in value. As per a report by fäm Properties, the off-plan segment remained the key driver, accounting for 70 per cent of transaction volume and 71 per cent of total value, underlining the strong momentum of new project launches across the emirate.Data from DXBinteract showed that off-plan sales in March alone reached 10,303 transactions worth AED31.2 billion, up 5.4 per cent in volume and 8.9 per cent in value over ..