Raheja Universal has adopted a cautious approach towards India’s booming housing market, with Managing Director and CEO Ashish Raheja warning that rising competition, aggressive redevelopment bids and the return of builder-funded subvention schemes could indicate early signs of excess in the real estate cycle. The developer has decided to stay
Mumbai’s next phase of urban transformation should prioritise integrated, sustainable and transit-oriented development rather than simply expanding its skyline, according to Hardik Pandit, Director of APICES Studio Pvt. Ltd. Speaking about the city’s evolution, Pandit said Mumbai’s growth has always been shaped by its ability to adapt to changing economic,
BJP MLC Pravin Darekar has appealed to Mumbai’s cooperative housing societies to consider self-redevelopment through the state government-backed Self Group Redevelopment Authority (SGRA) instead of opting for builder-led redevelopment projects. He said the model provides greater transparency, improved construction standards, increased carpet area benefits and financial support for residents. Darekar
Maharashtra Public Works Department (PWD) Minister Shivendrasinh Bhonsle has instructed officials to immediately begin repairs of roads affected by heavy rainfall in Palghar district. He also reviewed ongoing infrastructure projects and directed authorities to ensure quality construction, timely completion and public safety. According to PTI, Bhonsle, along with legislators and
Maharashtra Transport Minister Pratap Sarnaik has directed officials to expedite the execution of key infrastructure, transport and sports projects across Thane, stressing the need for timely completion, quality construction and better coordination among government agencies. The review meeting, held at the Standing Committee Hall of the Thane Municipal Corporation (TMC),
Raigad Lok Sabha MP Sunil Tatkare has urged the Central government to suspend toll collection at the Kharpada toll plaza until the Mumbai-Goa Highway is fully completed. During a meeting with Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi, Tatkare also sought a permanent solution to
The Maharashtra government has amended the Maharashtra Cooperative Societies Rules, 1961, introducing key changes to the redevelopment process for cooperative housing societies. The revised rules, notified on June 18, now allow society members to attend Special General Body Meetings (SGBMs) for redevelopment through video conferencing. However, while the presence of
Mumbai’s commercial real estate market is gradually expanding beyond its traditional business districts, with emerging micro-markets gaining traction due to improved infrastructure, better connectivity and integrated developments. Among these, Goregaon East has established itself as one of the city’s fastest-growing commercial destinations, attracting businesses, investors and new-age enterprises. Over the
Mumbai’s rapid transformation is being shaped more by commercial interests than by long-term urban planning, according to architect, urbanist and educator Rahul Mehrotra. While acknowledging the city’s infrastructure expansion, he argues that development choices must place people, public spaces, and sustainability at the centre of planning. Speaking about Mumbai’s changing
As Navi Mumbai undergoes a new phase of urban and real estate development, legal experts and industry stakeholders have stressed that informed policy decisions and thorough legal due diligence will play a crucial role in determining long-term investment success. The observations were made during the inaugural edition of the Real
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