Residential rentals in western suburbs has driven redevelopment in Mumbai
With barely any land properties left in the western suburbs of Mumbai, residential apartments are being built through redevelopment of older properties. This is being observed in areas like Borivali, Kandivali, Malad, Khar, Bandra and Santacruz. The developer has to issue the property owners under redevelopment, housing another residence, resulting in increased demand for rental […]
Real Estate prices may rise by 25% in Mumbai Suburbs due to TDR rate hike
Mumbai Suburbs’s Real estate prices may increase by approx 25% in next year due to a hike of Transferable Development Rights (TDR) rates. In the eastern suburb of Mulund, TDR rates have risen from ₹3,500 per square foot 6 months ago, to ₹6,000 per square foot. Likewise, in western suburb of Borivali, TDR rates have […]
Due to delay in possession Rustomjee crown’s promoters to Pay Interest, MahaRERA
Prabhadevi based project Rustomjee crown phase One, delayed possession to the complainant with every month till the actual date of possession of the flat to the complainant, MahaRERA has directed the promoters of the project to pay interest. The developer guaranteed the hand over of the said flat in December 2021. Anil Dattani registered agreement […]
Mumbai Trans Harbour Link: India’s longest sea bridge
The Mumbai Trans Harbour Link is an under-construction 21.8 km (13.5 mi) 6-lane access-controlled expressway grade road bridge, which will connect Mumbai with Navi Mumbai–Raigad. The Mumbai Trans Harbour Link is an under-construction 6-lane access-controlled expressway grade road bridge, which will connect Mumbai with Navi Mumbai–Raigad. It is the longest sea bridge in India, spanning […]
After 7 years, BMC restarts Topiwala Market redevelopment
After being in limbo since 2017, the redevelopment of Topiwala Market in Goregaon West near Goregaon railway station has kicked off with the BMC floating a ₹ 151-crore tender. The ground plus 16 storey building is being designed by architect Shashi Prabhu and Associates. Two contractors have changed hands over the years due to inordinate delays […]
Mumbai-Pune Expressway To Remain Shut For An Hour On May 23; Check Alternative Routes
The Mumbai-Pune Expressway will remain closed for vehicular traffic on May 23, Thursday, from 12 PM to 1 PM, due to installation work of a gantry along the Yashwantrao Chavan Mumbai-Pune Expressway by the Maharashtra State Road Development Corporation (MSRDC). The work is being undertaken as part of the Highway Traffic Management System. However, motorists […]
Why Mumbai Matters
While the rest of India will have its eyes on Maharashtra, given that it is the biggest decider and swing state in the 2024 Lok Sabha polls, Maharashtras attention seems to be focussed on its capital, Mumbai. Mumbai’s mysterious ways are more unfathomable than an OTT web series this election season. The Thackeray cousins, an […]
Mumbai : Historic Buta Nivas Chawl In Matunga Set For Major Redevelopment
Buta Nivas, a mega chawl complex of the British era in Matunga, is all set to be redeveloped. In a a big ticket deal Happy Home developers of Naresh Chheda has entered into a deal with the landlords, the Butas, and it has been endorsed by 80 % of the 159 tenants. The building is […]
Maharashtra govt to review high realty development premiums in Mumbai
The government of Maharashtra is looking to address the issue of high premiums levied by the authorities on real estate development projects in Mumbai, the country’s commercial capital. The state’s Housing Minister Atul Save is planning to soon convene a meeting with key stakeholders from the state’s Finance Ministry, Urban Development (UD), and Revenue Departments […]
CM Eknath Shinde Directs Urban Development Secretary To Address Navi Mumbai Wetlands Catastrophe
In response to a legal mail concerning the environmental catastrophe affecting TS Chanakya Lake, NRI Wetland, and DPS Lake, Chief Minister Eknath Shinde has directed his Urban Development Secretary to investigate the matter. The complaint, served by Law Global Advocates on behalf of Bharat Bhushan Gupta, a resident of the NRI complex and member of […]