<p>Mumbai’s Bandra-Kurla Complex (BKC) is fast cementing its status as India’s top commercial hub, with a landmark land allocation that has brought in <b>₹3,840.49 crore</b> in revenue for the <a href="https://mmrda.maharashtra.gov.in/" target="_blank">Mumbai Metropolitan Region Development Authority</a> (MMRDA). In a high-profile ceremony, Chief Minister <b>Devendra Fadnavis</b> handed over allocation letters for three prime BKC plots to two global powerhouses—Japan’s Sumitomo Realty and Development and Canada-based Brookfield Strategic Real Estate Partners.</p>

<h2>A Milestone for International Investment</h2>
<p>Sumitomo’s Indian arm secured the top bids for plots C-13 and C-19, while Brookfield’s subsidiary acquired plot C-80. This deal, which follows major investment agreements signed at the World Economic Forum, is expected to generate around 15,000 high-tech jobs and inject fresh momentum into Mumbai’s commercial real estate landscape.</p>

<h2>Driving Mumbai’s Economic Ambitions</h2>
<p>Chief Minister Fadnavis emphasized that these projects will soon make BKC the nation’s leading business district. The revenue windfall is a crucial step in Maharashtra’s roadmap to a $300 billion economy and the creation of 3 million jobs by 2030. The funds will help finance vital infrastructure and transportation projects across the Mumbai Metropolitan Region, as outlined in <a href="https://mmrda.maharashtra.gov.in/projects" target="_blank">MMRDA’s project plans</a>.</p>

<h2>Global Interest and Local Impact</h2>
<p>The event, attended by MMRDA officials and a Japanese delegation, underscores the growing international interest in Mumbai’s infrastructure and commercial real estate. With a reserve price of ₹3,44,500 per sq m for BKC plots and a robust pipeline of land deals, MMRDA continues to leverage its land bank to fund the city’s ambitious urban transformation </p>

<h2>BKC: The Future of Indian Business</h2>
<p>As Mumbai’s BKC evolves into a global business address, these landmark deals highlight the city’s appeal to international investors and its pivotal role in shaping India’s economic future.</p>

Mumbais Bandra Kurla Complex BKC is fast cementing its status as Indias top commercial hub with a landmark land allocation that has brought in 384049 crore in revenue for the Mumbai Metropolitan Region Development Authority MMRDA In a high profile ceremony Chief Minister Devendra Fadnavis handed over allocation letters for three prime BKC plots to two global powerhouses Japans Sumitomo Realty and Development and Canada based Brookfield Strategic Real Estate Partners A Milestone for International Investment Sumitomos Indian arm secured the top bids for plots C 13 and C 19 while Brookfields subsidiary acquired plot C 80 This deal which follows major investment agreements signed at the World Economic Forum is expected to generate around 15000 high tech jobs and inject fresh momentum into Mumbais commercial real estate landscape Driving Mumbais Economic Ambitions Chief Minister Fadnavis emphasized that these projects will soon make BKC the nations leading business district The revenue windfall is a crucial step in Maharashtras roadmap to a 300 billion dollar economy and the creation of 3 million jobs by 2030 The funds will help finance vital infrastructure and transportation projects across the Mumbai Metropolitan Region as outlined in MMRDAs project plans Global Interest and Local Impact The event attended by MMRDA officials and a Japanese delegation underscores the growing international interest in Mumbais infrastructure and commercial real estate With a reserve price of 344500 per sq m for BKC plots and a robust pipeline of land deals MMRDA continues to leverage its land bank to fund the citys ambitious urban transformation source BKC The Future of Indian Business As Mumbais BKC evolves into a global business address these landmark deals highlight the citys appeal to international investors and its pivotal role in shaping Indias economic future

MMRDA allocates BKC plots to Sumitomo and Brookfield, raising ₹3,840 crore and paving the way for 15,000 jobs and Mumbai’s rise as a global business hub.

Mumbai’s BKC Plots Attract Global Giants, Netting ₹3,840 Crore for MMRDA

<h2>A Milestone for Aspiring Homeowners</h2>
<p>The dream of owning a home just became more attainable for countless Indians, as <a href="https://www.lichousing.com/" target="_blank">LIC Housing Finance</a> unveils a significant reduction in <a href="https://www.aurumproptech.in/pulse/blog/home-loan-tax-benefits-2024-everything-you-need-to-know" target="_blank">home loan</a> interest rates. Effective June 19, 2025—marking the company’s 36th Foundation Day—new home loan rates will begin at just 7.50%. This bold move, a direct response to the <a href="https://www.rbi.org.in/" target="_blank">Reserve Bank of India’s</a> (RBI) cumulative 100 basis point repo rate cut since February 2025, is set to invigorate the housing market and make property ownership more accessible than ever.</p>
<h2>A Boost for Housing Demand and Economic Revival</h2>
<p>The rate cut by LIC Housing Finance is more than a gesture—it’s a catalyst for change. By passing on the benefits of lower interest rates to customers, the company aims to fuel demand for homes, particularly in the affordable and mid-income segments where every percentage point matters. This strategic step is expected to breathe new life into the economy, encouraging fresh credit uptake and supporting overall growth.</p>
<h2>Leadership’s Vision for Inclusive Growth</h2>
<p><b>Tribhuwan Adhikari</b>, Managing Director and CEO of LIC Housing Finance, emphasized the company’s unwavering commitment to expanding homeownership. <i>“As we celebrate our 36th Foundation Day, we remain dedicated to making homeownership more accessible,”</i> Adhikari stated. <i>“This rate reduction reflects our alignment with RBI’s policy direction and our determination to deliver tangible benefits to our customers. We are confident this initiative will provide a significant boost to housing demand, especially among those who have long aspired to own a home.”</i></p>
<h2>A Legacy of Trust and Reach</h2>
<p>With a robust network of offices across India and a presence in Dubai, LIC Housing Finance has long been a trusted partner for aspiring homeowners. Since its inception in 1989 and its public listing in 1994, the company has consistently championed the cause of affordable housing, leveraging its extensive reach and innovative product offerings to serve a diverse customer base. Today, through its subsidiary LIC HFL Financial Services Ltd., the company continues to expand access to home financing solutions.</p>
<h2>A Bright Future for Homebuyers</h2>
<p>As the RBI signals a cautious outlook on further rate cuts, LIC Housing Finance’s latest move stands as a timely and impactful intervention. By lowering the cost of borrowing, the company is not only helping individuals realize their homeownership dreams but also contributing to the broader economic momentum. This is a moment of renewed hope and possibility for homebuyers across the nation.</p>

A Milestone for Aspiring Homeowners The dream of owning a home just became more attainable for countless Indians as LIC Housing Finance unveils a significant reduction in home loan interest rates Effective June 19 2025marking the companys 36th Foundation Daynew home loan rates will begin at just 750 This bold move a direct response to the Reserve Bank of Indias RBI cumulative 100 basis point repo rate cut since February 2025 is set to invigorate the housing market and make property ownership more accessible than ever A Boost for Housing Demand and Economic Revival The rate cut by LIC Housing Finance is more than a gestureits a catalyst for change By passing on the benefits of lower interest rates to customers the company aims to fuel demand for homes particularly in the affordable and midincome segments where every percentage point matters This strategic step is expected to breathe new life into the economy encouraging fresh credit uptake and supporting overall growth Leaderships Vision for Inclusive Growth Tribhuwan Adhikari Managing Director and CEO of LIC Housing Finance emphasized the companys unwavering commitment to expanding homeownership As we celebrate our 36th Foundation Day we remain dedicated to making homeownership more accessible Adhikari stated This rate reduction reflects our alignment with RBIs policy direction and our determination to deliver tangible benefits to our customers We are confident this initiative will provide a significant boost to housing demand especially among those who have long aspired to own a home A Legacy of Trust and Reach With a robust network of offices across India and a presence in Dubai LIC Housing Finance has long been a trusted partner for aspiring homeowners Since its inception in 1989 and its public listing in 1994 the company has consistently championed the cause of affordable housing leveraging its extensive reach and innovative product offerings to serve a diverse customer base Today through its subsidiary LIC HFL Financial Services Ltd the company continues to expand access to home financing solutions A Bright Future for Homebuyers As the RBI signals a cautious outlook on further rate cuts LIC Housing Finances latest move stands as a timely and impactful intervention By lowering the cost of borrowing the company is not only helping individuals realize their homeownership dreams but also contributing to the broader economic momentum This is a moment of renewed hope and possibility for homebuyers across the nation

LIC Housing Finance cuts home loan rates to 7.50%, boosting affordability and fueling housing demand nationwide.

LIC Housing Finance Slashes Home Loan Rate to 7.50%

A Fresh Wave of Affordability: LIC Housing Finance Cuts Home Loan Rates

<h2>A Bold Move for Mumbai’s Transformation</h2>
<p>In a significant step toward Mumbai’s urban renewal, <a href="https://www.lodhagroup.com/?campaign=Google-A&publisher=Google-Awar-RI-Corporate-sep-pure-brand-Phrase-Search&banner_size=756197851430&digital_source=Google&digital_medium=Paid&adgroup=Lodha-Pure-Brand-Search_RI-Phrase-Sep-23-Lodha_Luxury-Sept-24&keyword=lodha%20developers%20limited&placement=&adposition=&matchtype=e&network=g&gclid=CjwKCAjw9uPCBhATEiwABHN9K_d_T3bpzopGhd1_5DK7kex2XBreh7e_TfXkEPUcFo6p29c7OFFVhhoC7sEQAvD_BwE" target="_blank">Lodha Developers Limited</a>—one of the city’s most prominent real estate developers—has acquired 945 permanent transit camp (PTC) units from Arihant Construction Company for <b>₹5.67 billion</b>. The transaction, covering 339,000 square feet and registered on June 3, 2025, marks a pivotal moment in Lodha’s ongoing township project in Vikhroli, fulfilling its obligations under the Slum Rehabilitation Authority (SRA) scheme.</p>
<h2>Unlocking Development Potential</h2>
<p>The acquisition of these Mankhurd units enables Lodha to secure development rights for free-sale construction within its Vikhroli township. By integrating the Floor Space Index (FSI) from <a href="https://www.arihant-project.com/" target="_blank">Arihant’s project</a>—as permitted under Regulation 33(11) of the Development Control and Promotion Regulations (DCPR) 2034—Lodha optimizes its development potential, ensuring a more efficient and impactful use of urban space. The deal also involved stamp duty of <b>₹340.2 million</b> and registration fees of ₹30,000.</p>
<h2>Arihant’s Role in Urban Redevelopment</h2>
<p><a href="https://www.arihantconstructions.com/about-us.html" target="_blank">Arihant Construction</a> is currently spearheading a major slum rehabilitation project in Mankhurd, with a free-sale component exceeding 83,000 square meters. The PTC units acquired by Lodha are essential for providing permanent housing to eligible slum dwellers displaced during redevelopment, underscoring the collaborative spirit of Mumbai’s urban regeneration efforts.</p>
<h2>The SRA Scheme: A Catalyst for Change</h2>
<p>The SRA scheme stands at the heart of Mumbai’s urban redevelopment strategy, offering a dual benefit: permanent housing for slum dwellers and lucrative opportunities for private developers. By participating in this initiative, Lodha is not only advancing its own projects but also contributing to the city’s broader vision of inclusive, sustainable growth.</p>
<h2>A New Chapter for Lodha</h2>
<p>The transaction coincides with Lodha Developers Limited officially adopting its new brand name on June 16, 2025, following regulatory approval and the resolution of a trademark dispute between Managing Director <b>Abhishek Lodha</b> and his younger brother <b>Abhinandan Lodha</b>. Under the settlement, Macrotech Developers Ltd retains exclusive rights to the ‘Lodha’ and ‘Lodha Group’ brands, while Abhinandan Lodha operates independently as ‘<a href="https://hoabl.com/" target="_blank">House of Abhinandan Lodha</a>’.</p>
<h2>A Vision for Mumbai’s Future</h2>
<p>This landmark acquisition and the ongoing Vikhroli township project exemplify Lodha’s commitment to shaping Mumbai’s skyline while addressing the city’s pressing need for affordable, quality housing. Through strategic partnerships, regulatory compliance, and a focus on community impact, Lodha continues to set new standards for urban development in India’s financial capital.</p>

A Bold Move for Mumbais Transformation In a significant step toward Mumbais urban renewal Lodha Developers Limitedone of the citys most prominent real estate developershas acquired 945 permanent transit camp PTC units from Arihant Construction Company for 567 billion The transaction covering 339000 square feet and registered on June 3 2025 marks a pivotal moment in Lodhas ongoing township project in Vikhroli fulfilling its obligations under the Slum Rehabilitation Authority SRA scheme Unlocking Development Potential The acquisition of these Mankhurd units enables Lodha to secure development rights for freesale construction within its Vikhroli township By integrating the Floor Space Index FSI from Arihants projectas permitted under Regulation 3311 of the Development Control and Promotion Regulations DCPR 2034Lodha optimizes its development potential ensuring a more efficient and impactful use of urban space The deal also involved stamp duty of 3402 million and registration fees of 30000 Arihants Role in Urban Redevelopment Arihant Construction is currently spearheading a major slum rehabilitation project in Mankhurd with a freesale component exceeding 83000 square meters The PTC units acquired by Lodha are essential for providing permanent housing to eligible slum dwellers displaced during redevelopment underscoring the collaborative spirit of Mumbais urban regeneration efforts The SRA Scheme A Catalyst for Change The SRA scheme stands at the heart of Mumbais urban redevelopment strategy offering a dual benefit permanent housing for slum dwellers and lucrative opportunities for private developers By participating in this initiative Lodha is not only advancing its own projects but also contributing to the citys broader vision of inclusive sustainable growth A New Chapter for Lodha The transaction coincides with Lodha Developers Limited officially adopting its new brand name on June 16 2025 following regulatory approval and the resolution of a trademark dispute between Managing Director Abhishek Lodha and his younger brother Abhinandan Lodha Under the settlement Macrotech Developers Ltd retains exclusive rights to the Lodha and Lodha Group brands while Abhinandan Lodha operates independently as House of Abhinandan Lodha A Vision for Mumbais Future This landmark acquisition and the ongoing Vikhroli township project exemplify Lodhas commitment to shaping Mumbais skyline while addressing the citys pressing need for affordable quality housing Through strategic partnerships regulatory compliance and a focus on community impact Lodha continues to set new standards for urban development in Indias financial capital

Lodha buys Mankhurd transit units for ₹5.67 billion, boosting Vikhroli township and Mumbai’s urban renewal.

Lodha Acquires Mankhurd Transit Units for Vikhroli Development

Lodha’s Landmark Mankhurd Acquisition: Paving the Way for Urban Renewal

<h2>A New Chapter in North Bengaluru’s Real Estate Story</h2>
<p><a href="https://www.godrejproperties.com/" target="_blank">Godrej Properties</a> has achieved a remarkable milestone with the launch of its flagship project, Barca @ Godrej MSR City, in the rapidly growing Devanahalli area of North Bengaluru. In the initial phase, the company has sold more than 1,450 homes, covering over 2.2 million square feet, with total sales exceeding <b>₹2,000 crore</b>. This impressive start highlights the strong demand for thoughtfully designed, high-quality living spaces in the region.</p>
<h2>A Vision for the Future of Urban Living</h2>
<p>Launched in April 2025, Godrej MSR City is set to transform the landscape of North Bengaluru. The project offers a developable potential of around 5.6 million square feet, with significant inventory still to be released in the coming years. This phased approach ensures a steady supply of modern homes, meeting the needs of a diverse range of buyers.</p>
<h2>Inspired Living by the Mediterranean</h2>
<p>Barca @ Godrej MSR City is designed to bring a touch of Mediterranean elegance to Bengaluru. The development features lush green spaces, sunlit terraces, and a grand 1.5 lakh square foot clubhouse, creating a vibrant community atmosphere for residents. These elements combine to offer a lifestyle that balances luxury, comfort, and a strong sense of belonging.</p>
<h2>Strategically Positioned for Growth and Connectivity</h2>
<p>Situated in North Bengaluru’s thriving growth corridor, Devanahalli has quickly become a hotspot for real estate investment. The area’s proximity

A Spectacular Start In a resounding affirmation of Bengalurus real estate potential Godrej Properties has achieved a remarkable milestone with the launch of Barca Godrej MSR City in Devanahalli The first phase of the project witnessed the sale of over 1450 homes totaling more than 22 million square feet and generating inventory sales worth over 2000 crore This outstanding response highlights the strong demand for thoughtfully designed futureready communities in North Bengalurus rapidly evolving landscape MediterraneanInspired Living in a Growth Corridor Launched in April 2025 Godrej MSR City is envisioned as a Mediterraneaninspired haven offering expansive green zones sunlit terraces and a sprawling 15 lakh square foot clubhouse Nestled in Devanahallithe fastemerging growth corridor of North Bengaluruthe project is strategically positioned near Kempegowda International Airport upcoming metro stations and major arterial routes such as NH 44 and the sixlane Bellary Road A Destination for FutureReady Urban Living Devanahallis rise as a real estate hotspot is driven by a confluence of factors proximity to the airport robust infrastructure development and the presence of IT and aerospace hubs The region boasts access to tech parks leading educational institutions and healthcare facilities making it an ideal choice for families and professionals seeking a modern connected lifestyle With a developable potential of around 56 million square feet Godrej MSR City still holds significant inventory for future phases promising sustained growth and value for both residents and investors Commitment to Quality and Customer Trust This success reaffirms our commitment to delivering highquality developments that resonate with the aspirations of modern homebuyers said Gaurav Pandey MD and CEO of Godrej Properties We would like to take this opportunity to sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties We will do our best to ensure Godrej MSR City offers its residents an outstanding living experience A Vision for the Future As Devanahalli continues to evolve into a vibrant urban center Godrej MSR City stands as a beacon of innovation quality and community With its focus on sustainable design worldclass amenities and strategic location the project is set to redefine urban living in North Bengaluru for years to come

Godrej MSR City in Devanahalli sells over ₹2,000 crore homes, setting new benchmark in North Bengaluru real estate.

Mumbai’s BKC Plots Attract Global Giants, Netting ₹3,840 Crore for MMRDA

A Milestone for International Investment

Driving Mumbai’s Economic Ambitions

Global Interest and Local Impact

BKC: The Future of Indian Business

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A Fresh Wave of Affordability: LIC Housing Finance Cuts Home Loan Rates

Lodha’s Landmark Mankhurd Acquisition: Paving the Way for Urban Renewal

Godrej MSR City: A Landmark Launch Sets New Benchmark in North Bengaluru

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