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The BMC civic improvements committee approved a 30-year lease of its Century Mill land in Lower Parel to Peddar Realty and cleared a proposal to replace a sports complex reservation with a petrol pump. The nearly 9,000-square-metre parcel will be incorporated into a Slum Rehabilitation Authority scheme, despite opposition from Shiv Sena (UBT) and Congress members.
9:25 AMEconomic Times Realty
Max Estates reported first-quarter FY27 pre-sales of ₹1,093 crore, nearly five times the year-ago level, driven by demand across its residential portfolio. The company also reported strong occupancy and leasing momentum across its commercial assets.
7:16 AMThe Property TimesSummary
The BMC civic improvements committee approved a 30-year lease of its Century Mill land in Lower Parel to Peddar Realty and cleared a proposal to replace a sports complex reservation with a petrol pump. The nearly 9,000-square-metre parcel will be incorporated into a Slum Rehabilitation Authority scheme, despite opposition from Shiv Sena (UBT) and Congress members.
The decision advances private redevelopment and changes the planned public use of a major Lower
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The approval could reshape how valuable BMC land is allocated between redevelopment, private commercial use and public amenities.
Summary
Max Estates reported first-quarter FY27 pre-sales of ₹1,093 crore, nearly five times the year-ago level, driven by demand across its residential portfolio. The company also reported strong occupancy and leasing momentum across its commercial assets.
The sharp increase in pre-sales points to stronger demand and improved project execution, while commercial
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Max Estates is showing broad-based momentum across residential and commercial real estate, raising expectations for growth while increasing execution pressure.
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