Jamnabai Narsee International School (JNIS) plans to considerably extend its reach in the city, the school has signed a 30-year leasing arrangement worth ₹800 crore to establish a new 300,000-square-foot campus in Juhu. This is one of the largest real estate deals in the Indian education sector.

The new location would likely help Jamnabai Narsee International School expand its presence in Mumbai’s western suburbs.

30-year lease for a new Juhu campus.

According to sources in the Economic Times, the project will be erected on a 2.36-acre land in Juhu under a built-to-suit agreement with the Shri Bhanbai Nenshi Mahila Vidyalaya Trust.

Under this plan, the trust will build the campus to the school’s specifications before leasing the finished facility to Jamnabai Narsee International School for the following three decades.

The lease is estimated to be worth approximately ₹800 crore over 30 years.

Campus will cater to IB students from Kindergarten to Class XII.

The new campus has been developed with the comprehensive infrastructure required for an international school, including facilities suitable for the International Baccalaureate (IB) programme.

According to reports, the facility will include:

Modern academic blocks.

Dedicated Science and Learning Spaces

Indoor and outdoor sports infrastructure

Performing Arts Facilities

Student activities and collaborative learning areas

When the project is finished, the new campus will complement the school’s existing Juhu site while increasing capacity for students seeking an international education.

Although the school has yet to announce when the campus will open, this agreement is a significant step forward in its expansion goal.

The Maharashtra State Co-operative Appellate Court held that housing societies can clamp illegally parked automobiles after delivering a 48-hour written notice for acceptable reasons.

The Maharashtra State Co-operative Appellate Court dismissed an appeal filed by two residents of Magnum Tower Co-operative Housing Society in Lalbaug challenging the society’s power to clamp vehicles parked in unauthorised spaces, reinforcing co-operative housing societies’ authority to regulate common amenities.

In a 16-page decision issued on July 1, President SS Sapatnekar maintained an earlier order of Co-operative Court No. 3, Mumbai, allowing the society to clamp illegally parked vehicles if it first sends a 48-hour written notice outlining the reasons for the action.

The appeal followed an interim order issued on February 26, 2026, in a disagreement between the unit owners and the society. The appellate court refused to overturn the lower court’s interim decision, stating that the trial court had used its power wisely and had already balanced the interests of both parties by establishing procedural safeguards before any coercive action could be taken.

The court confirmed that vehicle clamping can only be carried out after a 48-hour prior written notice; the notification must include recorded and cogent reasons, and the trial court’s interim protection stays in effect until the issue is resolved.

The flat owners complained that…

The society delayed membership, subjected them to harassment, placed additional financial obligations, and arbitrarily enforced parking restrictions.

The appellants argued that the housing society…> Collected Rs 5000 for legal document verification.> Accepted a cash donation of Rs 1.50 lakh for the welfare fund.> Fined Rs 86,138 for alleged illegal parking.> Refused to provide more parking, despite having many available places.> Constructed a communal hall, kitchen, and laundry rooms in areas supposedly intended for parking

They also wanted >.> Alleged unlawful buildings are removed.> Refund of sums allegedly obtained illegally.

Parking dispute.

During the appellate hearing, the appellants stated that they were not pursuing their interim prayers for additional parking places or a waiver of parking charges. Instead, the appeal focused only on challenging the Trial Court’s approval for the organization to clamp illegal automobiles.

The Housing Society argued that…

Parking areas remain under the developer as conveyance has not yet been finalized.
The group does not allot or sell parking spaces.
Flat buyers obtained parking directly from the developer.
Members cannot rightfully claim numerous parking places.

The General Body authorized severe parking rules.

Parking areas remain under the developer as conveyance has not yet been finalized.
The group does not allot or sell parking spaces.
Flat buyers obtained parking directly from the developer.
Members cannot rightfully claim numerous parking places.

Democratic decisions are upheld.

The Appellate Court ruled that General Body resolutions reflect the collective desire of members.
Courts should generally not interfere unless resolutions are illegal or beyond jurisdiction.
The appellants had never disputed the legitimacy of the resolution dated May 5, 2025.
Therefore, the parking resolution remains to bind all members.

Court relies on precedents.

The appellate court cited previous precedents stating that cooperative societies had constitutional autonomy.
Courts should avoid unwarranted meddling with their internal matters.
Valid resolutions taken under the Maharashtra Co-operative Societies Act should be carried out.
The Act, the society’s bye-laws, and General Body resolutions all govern the rights of members.
Such resolutions are binding unless overruled by a competent legal forum.

The dispute

The issue is between Nirmal Ajayraj Sottany and Rushek Nirmal Sottany, who bought Flat No. 1501 in Magnum Tower in an auction held by Punjab National Bank. They claimed to have cleared maintenance dues of around Rs 3 lakh, paid a transfer fee of Rs 25,000, and acquired a no-due certificate from the developer.

According to Knight Frank India’s research of Inspector General of Registration (IGR) data, Mumbai had 80,221 property registrations in the primary and secondary markets in the first half of 2026, up 6% year on year. Stamp duty receipts also increased by 4% to ₹6,968 crore.

In June alone, the city recorded over 13,000 property transactions, a 15% increase over the previous year and the biggest monthly total in the last 14 years. The Maharashtra government collected almost ₹1,000 crore in stamp duty from these registrations, according to a study.

The Mumbai real estate market had over 12,315 property registrations in May 2026, up 7% year on year, the greatest number of registrations for the month of May in the previous 14 years.

How Mumbai property registrations stack up

June 2026 is expected to outperform the previous June peak in 2025, indicating that Mumbai’s housing industry will continue to thrive despite a high base. Property registrations are forecast to rise 7.3% year on year, while stamp duty collections are expected to rise 4%, reflecting a shift in transaction composition, with mid-market home sales accounting for a larger share than last year.

Property registrations are forecast to rise 7% sequentially from May 2026, while stamp duty collections are expected to rise 2%.

Mumbai’s residential market has maintained its strong momentum, with June 2026 seeing the most monthly property registrations in 14 years. This achievement was accomplished despite a strong foundation from the previous year, demonstrating the robustness of end-user demand and sustained homebuyer confidence,” stated Shishir Baijal, International Partner, Chairman, and Managing Director of Knight Frank India.

The market’s strength is further reflected in H1 2026 registrations, which increased on top of an already strong first half of 2025. While stamp duty collections remained largely stable over the same period last year, indicating a moderate increase in average transaction values, the strong increase in registrations suggests that demand is becoming more broad-based across buyer segments rather than concentrated in higher-value transactions. This demonstrates the depth and resilience of Mumbai’s residential market, he said.