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Other Developments
A curated list of other prominent stories from this day.
9:25 AMEconomic Times Realty
Mumbai: BMC panel approves leasing Century Mill land to Peddar Realty
Summary
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
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Why it matters
The approval could reshape how valuable BMC land is allocated between redevelopment, private commercial use and public amenities.
Max Estates reports strong Q1FY27 operating momentum; pre-sales at ₹1,093 crore, nearly 5x YoY
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
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Why it matters
Max Estates is showing broad-based momentum across residential and commercial real estate, raising expectations for growth while increasing execution pressure.