<p>In a landmark real estate transaction, veteran Bollywood actor <b>Jeetendra Kapoor</b> and his family have sold a prime land parcel in Mumbai’s bustling Andheri district for <b>₹855 crore</b>. The 9,664.68 sq m property was acquired by <a href="https://services.global.ntt/en-us/services-and-products/global-data-centers/global-locations/india" target="_blank">NTT Global Data Centers and Cloud Infrastructure India Private Limited</a>, formerly known as Netmagic IT Services, a leading provider of cloud, hosting, and cybersecurity solutions.</p>

<h2>Bollywood Meets Tech: A Mega Deal</h2>
<p>The sale was executed through two family-owned firms—<a href="https://www.pantheonbuildcon.com/" target="_blank">Pantheon Buildcon Private Limited</a> and Tusshar Infra Developers Private Limited—according to property registration documents reviewed by <a href="https://www.squareyards.com/" target="_blank">Square Yards</a>. The transaction attracted a stamp duty of <b>₹8.69 crore</b> and registration fees of ₹30,000, highlighting the scale of the deal in one of Mumbai’s most sought-after commercial and residential hubs.</p>

<h2>Andheri: A Hotspot for High-Value Deals</h2>
<p>Andheri’s status as a major business and entertainment zone continues to attract big-ticket real estate transactions. In recent months, Bollywood personalities have been active in the area’s property market. In May, actor <b>Jaideep Ahlawat</b> and his wife <b>Jyoti Hooda</b> purchased an apartment in Andheri West for <b>₹10 crore,</b> while in April, playback singer <b>Alka Yagnik</b> and her daughter <b>Syesha Kapoor</b> acquired a luxury apartment in <a href="https://www.oberoirealty.com/" target="_blank">Oberoi</a> Sky Heights for <b>₹11.5 crore</b>.</p>

<h2>NTT’s Strategic Expansion</h2>
<p>NTT Global Data Centers’ acquisition signals the growing demand for digital infrastructure in Mumbai. The company, a global leader in data management and cloud solutions, is poised to leverage this strategic location to enhance its offerings in India’s thriving tech landscape.</p>

In a landmark real estate transaction veteran Bollywood actor Jeetendra Kapoor and his family have sold a prime land parcel in Mumbais bustling Andheri district for 855 crore The 966468 sq m property was acquired by NTT Global Data Centers and Cloud Infrastructure India Private Limited formerly known as Netmagic IT Services a leading provider of cloud hosting and cybersecurity solutions Bollywood Meets Tech A Mega Deal The sale was executed through two family owned firms Pantheon Buildcon Private Limited and Tusshar Infra Developers Private Limited according to property registration documents reviewed by Square Yards The transaction attracted a stamp duty of 869 crore and registration fees of 30000 highlighting the scale of the deal in one of Mumbais most sought after commercial and residential hubs Andheri A Hotspot for High Value Deals Andheris status as a major business and entertainment zone continues to attract big ticket real estate transactions In recent months Bollywood personalities have been active in the areas property market In May actor Jaideep Ahlawat and his wife Jyoti Hooda purchased an apartment in Andheri West for 10 crore while in April playback singer Alka Yagnik and her daughter Syesha Kapoor acquired a luxury apartment in Oberoi Sky Heights for 115 crore NTTs Strategic Expansion NTT Global Data Centers acquisition signals the growing demand for digital infrastructure in Mumbai The company a global leader in data management and cloud solutions is poised to leverage this strategic location to enhance its offerings in Indias thriving tech landscape

Jeetendra Kapoor and family sell Andheri land for ₹855 crore to NTT Global Data Centers, marking a major Bollywood-to-tech real estate deal in Mumbai.

Jeetendra Family Sells Andheri Land for ₹855 Crore to NTT Data Centers

<h2>A High-Profile Partnership Emerges</h2>
<p>In a move that underscores the increasingly global nature of real estate, Reliance 4IR Realty Development, a company under the umbrella of Mukesh Ambani’s vast business empire, has forged a partnership with the Trump Organisation. The collaboration, reported by <a href="https://www.wsj.com/" target="_blank">The Wall Street Journal</a>, involves a <b>$10 million</b> “development fee” paid to the <a href="https://www.trump.com/" target="_blank">Trump Organisation</a> for the right to license the Trump name for a project in Mumbai. This strategic alliance brings together two of the world’s most recognizable business leaders—Mukesh Ambani, India’s wealthiest individual, and former US President Donald Trump.</p>
<p>A Meeting of Titans</p>
<p>The partnership builds on the personal rapport between Ambani and Trump, who have crossed paths at several high-profile international events. Earlier this year, Ambani attended Trump’s inauguration and was a guest at a state dinner in Doha, hosted by the Qatar Emir for the US President. These interactions highlight the intersection of global politics and business, where personal relationships often pave the way for landmark commercial deals.</p>
<p>The Trump Brand’s Global Appeal</p>
<p>The Trump Organisation’s brand continues to attract significant investment from developers worldwide. According to the president’s annual financial disclosure report, international investors have paid the Trump Organisation <b>$44.6 million</b> in licensing and development fees in 2024 alone—far surpassing previous years. Projects in Vietnam, Dubai, Saudi Arabia, and now Mumbai reflect the brand’s enduring allure and the Trump family’s commitment to global expansion.</p>
<p>Navigating Political and Business Waters</p>
<p>While previous US administrations sought to minimize potential conflicts of interest, the Trump Organisation has embraced international partnerships even as <b>Donald Trump</b> remains active in public life. Donald Trump Jr., who oversees the company’s assets alongside his brother Eric Trump, explained at a Qatar-based conference in May that the family has chosen to lower self-imposed restrictions. “We said we’re going to play by the rules, but we’re not going to go so far as to stymie our business forever,” he remarked. The move signals a pragmatic approach to balancing political responsibilities with commercial ambitions.</p>
<p>A Mystery Project in Mumbai</p>
<p>At present, details about the specific Mumbai project for which Reliance has licensed the Trump name remain unclear. The Wall Street Journal reported that Reliance representatives did not respond to requests for comment, leaving industry observers eagerly anticipating more information about this landmark development.</p>
<p>Looking Forward: A New Chapter for Mumbai’s Skyline</p>
<p>The collaboration between Reliance and the Trump Organisation marks a new chapter for Mumbai’s real estate landscape. As the city continues to evolve as a global business hub, this partnership promises to bring world-class design, luxury, and innovation to its skyline. The deal also serves as a reminder of the powerful synergy between international brands and local visionaries in shaping the future of urban development.</p>

A HighProfile Partnership Emerges In a move that underscores the increasingly global nature of real estate Reliance 4IR Realty Development a company under the umbrella of Mukesh Ambanis vast business empire has forged a partnership with the Trump Organisation The collaboration reported by The Wall Street Journal involves a 10 million development fee paid to the Trump Organisation for the right to license the Trump name for a project in Mumbai This strategic alliance brings together two of the worlds most recognizable business leaders Mukesh Ambani Indias wealthiest individual and former US President Donald Trump A Meeting of Titans The partnership builds on the personal rapport between Ambani and Trump who have crossed paths at several highprofile international events Earlier this year Ambani attended Trumps inauguration and was a guest at a state dinner in Doha hosted by the Qatar Emir for the US President These interactions highlight the intersection of global politics and business where personal relationships often pave the way for landmark commercial deals The Trump Brands Global Appeal The Trump Organisations brand continues to attract significant investment from developers worldwide According to the presidents annual financial disclosure report international investors have paid the Trump Organisation 446 million in licensing and development fees in 2024 alone far surpassing previous years Projects in Vietnam Dubai Saudi Arabia and now Mumbai reflect the brands enduring allure and the Trump familys commitment to global expansion Navigating Political and Business Waters While previous US administrations sought to minimize potential conflicts of interest the Trump Organisation has embraced international partnerships even as Donald Trump remains active in public life Donald Trump Jr who oversees the companys assets alongside his brother Eric Trump explained at a Qatarbased conference in May that the family has chosen to lower selfimposed restrictions We said were going to play by the rules but were not going to go so far as to stymie our business forever he remarked The move signals a pragmatic approach to balancing political responsibilities with commercial ambitions A Mystery Project in Mumbai At present details about the specific Mumbai project for which Reliance has licensed the Trump name remain unclear The Wall Street Journal reported that Reliance representatives did not respond to requests for comment leaving industry observers eagerly anticipating more information about this landmark development Looking Forward A New Chapter for Mumbais Skyline The collaboration between Reliance and the Trump Organisation marks a new chapter for Mumbais real estate landscape As the city continues to evolve as a global business hub this partnership promises to bring worldclass design luxury and innovation to its skyline The deal also serves as a reminder of the powerful synergy between international brands and local visionaries in shaping the future of urban development

Reliance pays $10M to Trump Organisation for Mumbai project, marking a new era in global real estate partnerships.

Reliance and Trump: A Global Real Estate Alliance Takes Shape

<h2>A Landmark Decision for Mumbai’s Heart</h2>
<p>In a move that signals a new era for one of Asia’s most iconic urban landscapes, the Maharashtra Cabinet, under the leadership of Chief Minister <b>Devendra Fadnavis</b>, has approved crucial stamp duty concessions for the ambitious Dharavi Redevelopment Project. This decision, announced at a recent cabinet meeting, is set to accelerate the transformation of Dharavi, a sprawling slum in central Mumbai, into a model of integrated urban renewal.</p>
<h2>A Vision for Integrated Urban Renewal</h2>
<p>At the heart of this transformation lies a dedicated Special Purpose Vehicle (SPV), a joint venture between the Maharashtra state government and the <a href="https://www.adani.com/" target="_blank">Adani Group</a>. Tasked with spearheading the redevelopment and rehabilitation of Dharavi, the SPV has been recognized as an ‘essential urban and special project.’ This status enables the project to benefit from a policy that offers stamp duty concessions or exemptions, ensuring that bureaucratic hurdles do not impede progress.</p>
<h2>Policy-Driven Progress for Dharavi</h2>
<p>In line with this policy, the cabinet has granted stamp duty concessions for sub-lease agreements involving the <a href="https://rlda.indianrailways.gov.in/" target="_blank">Railway Land Development Authority (RLDA)</a>, New Delhi, and the Dharavi Redevelopment Project or the Slum Rehabilitation Authority (SRA), Mumbai. This inclusion is designed to fast-track the project, reflecting the government’s unwavering commitment to revitalizing Dharavi and improving the lives of its residents.</p>
<h2>Empowering Mumbai’s Metro Network</h2>
<p>Beyond Dharavi, the Maharashtra Cabinet has extended the deadline for loans from the Asian Development Bank (ADB) and the New Development Bank (NDB) for critical Mumbai Metro Lines 2A, 2B, and 7. These metro lines are pivotal to enhancing connectivity across the city. With a total approved loan amount of USD 1,075.74 million—of which USD 549.25 million <b>(Rs 4,304.43 crore)</b> has already been utilized—the extension to December 31, 2026, will allow for the procurement of the remaining 36 metro trains, ensuring the continued expansion of Mumbai’s public transport network.</p>
<p>Metro Lines 2A and 7 are already operational, while work on Line 2B is progressing steadily. This strategic investment underscores the government’s focus on sustainable urban mobility.</p>
<h2>Boosting Regional Connectivity: The Virar-Alibag Multimodal Corridor</h2>
<p>The cabinet has also approved the first phase of the Virar-Alibag Multimodal Corridor, spanning 96.41 km and to be developed under the ‘Build, Operate and Transfer’ model. The full corridor, stretching 126 km, will connect key areas including Vasai, Bhiwandi, Kalyan, Ambernath, Panvel, Uran, Pen, and Alibag.</p>
<p>This visionary project promises to enhance connectivity between major highways such as the Mumbai-Pune Expressway, Jawaharlal Nehru Port Trust (JNPT), Mumbai Trans Harbour Link, and the upcoming Navi Mumbai International Airport. With a substantial provision of <b>Rs 37,013 crore</b>—<b>Rs 22,250 crore</b> for land acquisition and <b>Rs 14,763 crore</b> towards interest—the corridor is set to redefine regional infrastructure and economic growth.</p>

A Landmark Decision for Mumbais Heart In a move that signals a new era for one of Asias most iconic urban landscapes the Maharashtra Cabinet under the leadership of Chief Minister Devendra Fadnavis has approved crucial stamp duty concessions for the ambitious Dharavi Redevelopment Project This decision announced at a recent cabinet meeting is set to accelerate the transformation of Dharavi a sprawling slum in central Mumbai into a model of integrated urban renewal A Vision for Integrated Urban Renewal At the heart of this transformation lies a dedicated Special Purpose Vehicle SPV a joint venture between the Maharashtra state government and the Adani Group Tasked with spearheading the redevelopment and rehabilitation of Dharavi the SPV has been recognized as an essential urban and special project This status enables the project to benefit from a policy that offers stamp duty concessions or exemptions ensuring that bureaucratic hurdles do not impede progress PolicyDriven Progress for Dharavi In line with this policy the cabinet has granted stamp duty concessions for sublease agreements involving the Railway Land Development Authority RLDA New Delhi and the Dharavi Redevelopment Project or the Slum Rehabilitation Authority SRA Mumbai This inclusion is designed to fasttrack the project reflecting the governments unwavering commitment to revitalizing Dharavi and improving the lives of its residents Empowering Mumbais Metro Network Beyond Dharavi the Maharashtra Cabinet has extended the deadline for loans from the Asian Development Bank ADB and the New Development Bank NDB for critical Mumbai Metro Lines 2A 2B and 7 These metro lines are pivotal to enhancing connectivity across the city With a total approved loan amount of USD 107574 million of which USD 54925 million Rs 430443 crore has already been utilized the extension to December 31 2026 will allow for the procurement of the remaining 36 metro trains ensuring the continued expansion of Mumbais public transport network Metro Lines 2A and 7 are already operational while work on Line 2B is progressing steadily This strategic investment underscores the governments focus on sustainable urban mobility Boosting Regional Connectivity The VirarAlibag Multimodal Corridor The cabinet has also approved the first phase of the VirarAlibag Multimodal Corridor spanning 9641 km and to be developed under the Build Operate and Transfer model The full corridor stretching 126 km will connect key areas including Vasai Bhiwandi Kalyan Ambernath Panvel Uran Pen and Alibag This visionary project promises to enhance connectivity between major highways such as the MumbaiPune Expressway Jawaharlal Nehru Port Trust JNPT Mumbai Trans Harbour Link and the upcoming Navi Mumbai International Airport With a substantial provision of Rs 37013 crore Rs 22250 crore for land acquisition and Rs 14763 crore towards interest the corridor is set to redefine regional infrastructure and economic growth

Maharashtra Cabinet approves stamp duty concessions for Dharavi redevelopment, boosting Mumbai’s urban transformation and infrastructure.

Dharavi’s Transformation: Maharashtra’s Bold Leap Forward

<h2>Landmark Ruling in Mumbai’s Redevelopment Saga</h2>
<p>In a decision that underscores the delicate balance between developer obligations and homebuyer rights, the <a href="https://maharera.maharashtra.gov.in/" target="_blank">Maharashtra Real Estate Regulatory Authority (MahaRERA)</a> has directed <a href="https://www.godrejproperties.com/" target="_blank">Godrej Properties</a> to refund, without interest, the amounts paid by six homebuyers for seven flats in the Chembur-based Godrej RKS project. This project, a redevelopment of the historic Raj Kapoor film studio, stands as a symbol of Mumbai’s evolving real estate narrative.</p>
<h2>The Homebuyers’ Journey: From Hope to Hardship</h2>
<p>The story begins with six homebuyers who, attracted by the legacy and promise of the Raj Kapoor studio redevelopment, invested in what would become the Godrej RKS project. However, as the COVID-19 pandemic unfolded, many found themselves facing financial distress, leading them to seek refunds for their investments. Their pleas highlighted the human side of real estate transactions—hopes tied to homes, dreams disrupted by unforeseen circumstances.</p>
<h2>MahaRERA’s Intervention: Upholding Contracts, Protecting Interests</h2>
<p>MahaRERA, in its order dated May 29, acknowledged the homebuyers’ challenges but clarified that it could not alter the original terms of the agreements. The Authority noted that termination letters had been issued to the complainants between August 2021 and July 2023, emphasizing that possession had been handed over on time and that the buyers had defaulted on payment schedules linked to construction milestones.</p>
<h2>The Refund and Termination Process: Clarity Amidst Complexity</h2>
<p>Of the six homebuyers, five were found not entitled to refunds due to contractual defaults. The sixth homebuyer, who had purchased two flats, received a valid termination notice for payment default. MahaRERA instructed Godrej Properties to refund all amounts within 60 days and directed the homebuyers to execute cancellation deeds within 30 days post-refund. The Authority also clarified that no interest would be paid on the refunded amounts.</p>
<h2>Voices from Both Sides: Homebuyers and Developer</h2>
<p>One homebuyer alleged a lack of a sale agreement and pressure to book flats in other projects, while others cited difficulties in transferring bookings. Godrej Properties, in response, highlighted the validity of termination notices, timely possession, and adherence to contractual terms. The developer maintained its right to forfeit amounts due to payment defaults and noted that one homebuyer had already booked a flat in another project, rendering the complaint moot.</p>
<h2>Looking Ahead: Lessons from the Case</h2>
<p>MahaRERA’s order serves as a reminder of the importance of clear contracts and the need for both developers and homebuyers to honor their commitments. The case also highlights the complexities inherent in redevelopment projects, especially those with historical significance, and the critical role of regulatory authorities in ensuring fairness and transparency.</p>

Landmark Ruling in Mumbais Redevelopment Saga In a decision that underscores the delicate balance between developer obligations and homebuyer rights the Maharashtra Real Estate Regulatory Authority MahaRERA has directed Godrej Properties to refund without interest the amounts paid by six homebuyers for seven flats in the Chemburbased Godrej RKS project This project a redevelopment of the historic Raj Kapoor film studio stands as a symbol of Mumbais evolving real estate narrative The Homebuyers Journey From Hope to Hardship The story begins with six homebuyers who attracted by the legacy and promise of the Raj Kapoor studio redevelopment invested in what would become the Godrej RKS project However as the COVID19 pandemic unfolded many found themselves facing financial distress leading them to seek refunds for their investments Their pleas highlighted the human side of real estate transactions hopes tied to homes dreams disrupted by unforeseen circumstances MahaRERAs Intervention Upholding Contracts Protecting Interests MahaRERA in its order dated May 29 acknowledged the homebuyers challenges but clarified that it could not alter the original terms of the agreements The Authority noted that termination letters had been issued to the complainants between August 2021 and July 2023 emphasizing that possession had been handed over on time and that the buyers had defaulted on payment schedules linked to construction milestones The Refund and Termination Process Clarity Amidst Complexity Of the six homebuyers five were found not entitled to refunds due to contractual defaults The sixth homebuyer who had purchased two flats received a valid termination notice for payment default MahaRERA instructed Godrej Properties to refund all amounts within 60 days and directed the homebuyers to execute cancellation deeds within 30 days postrefund The Authority also clarified that no interest would be paid on the refunded amounts Voices from Both Sides Homebuyers and Developer One homebuyer alleged a lack of a sale agreement and pressure to book flats in other projects while others cited difficulties in transferring bookings Godrej Properties in response highlighted the validity of termination notices timely possession and adherence to contractual terms The developer maintained its right to forfeit amounts due to payment defaults and noted that one homebuyer had already booked a flat in another project rendering the complaint moot Looking Ahead Lessons from the Case MahaRERAs order serves as a reminder of the importance of clear contracts and the need for both developers and homebuyers to honor their commitments The case also highlights the complexities inherent in redevelopment projects especially those with historical significance and the critical role of regulatory authorities in ensuring fairness and transparency

MahaRERA directs Godrej Properties to refund homebuyers without interest in Mumbai’s Raj Kapoor studio redevelopment project.

Jeetendra Family Sells Andheri Land for ₹855 Crore to NTT Data Centers

Bollywood Meets Tech: A Mega Deal

Andheri: A Hotspot for High-Value Deals

NTT’s Strategic Expansion

Read More

Reliance and Trump: A Global Real Estate Alliance Takes Shape

Dharavi’s Transformation: Maharashtra’s Bold Leap Forward

MahaRERA Directs Godrej to Refund Homebuyers in Raj Kapoor Project

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