India’s insolvency framework has helped more than 1.4 lakh homebuyers move closer to receiving possession of homes trapped in delayed real estate projects, as financially stronger developers step in to revive distressed developments, according to industry officials and analysts. Major developers such as Adani Realty, Lodha and others have acquired
Andheri is undergoing a significant transformation as redevelopment, improved connectivity and the growing presence of major real estate developers push the established western suburb towards larger and more premium homes. Long recognised for its strategic location, Andheri has traditionally attracted professionals because of its access to the airport, business districts
Mumbai’s premium housing market continued to see strong price growth in the April-June quarter, with prime residential values rising 6.2% year-on-year in Q2 2026, according to Knight Frank’s Prime Global Cities Index. The increase was more than twice the 2.6% average growth recorded across the 46 cities tracked by the
The northern expansion of Mumbai’s Coastal Road towards Bhayander has been given a March 2029 completion target, Maharashtra Chief Minister Devendra Fadnavis said, as the state advances a broader programme of transport and infrastructure projects across the Mumbai Metropolitan Region. The proposed extension is intended to eventually create a signal-free
Mumbai’s supply of compact homes is steadily declining as redevelopment, rising land and construction costs, and growing demand for premium housing reshape the city’s residential market. At the same time, municipal authorities are considering a sewage tax that could affect homes measuring below 500 sq ft. The proposed levy is
The Maharashtra government has constituted a 10-member committee to prepare a comprehensive policy for regularising residential encroachments on government-owned land in Mumbai, Pune and Pimpri-Chinchwad, covering structures established on or before January 1, 2011. Headed by the Konkan Divisional Commissioner, the committee has been given three months to submit its
Families of the two workers who died in the Bhakti Park accident in Mumbai will receive financial assistance and compensation totalling Rs 84.20 lakh, with each family eligible for support from the Mumbai Metropolitan Region Development Authority (MMRDA) as well as statutory compensation. The MMRDA will provide Rs 26 lakh
Maharashtra Chief Minister Devendra Fadnavis on Friday said the state government would take action against those allegedly misusing the Mathadi law, while also announcing plans to redevelop Navi Mumbai’s nearly five-decade-old Agricultural Produce Market Committee (APMC) market. Speaking to reporters in Thane, Fadnavis said the government would consult Mathadi leaders
Mumbai’s urban development is increasingly shaped by redevelopment, transport expansion and major infrastructure projects, with the Dharavi redevelopment plan emerging as one of the city’s closely watched initiatives. Unlike projects on vacant land, Dharavi involves a densely occupied neighbourhood with homes, small businesses, manufacturing activity and an established local economy.
Construction of the proposed Virar-Alibaug Multi-Modal Corridor could commence by March 2027, with the Maharashtra State Road Development Corporation (MSRDC) currently awaiting approval from the Centre for viability gap funding (VGF). MSRDC Managing Director Dr Anil Kumar Gaikwad said the project is expected to move forward once the funding support
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