Mumbai’s redevelopment market may appear highly lucrative, but it also comes with significant challenges and risks, according to Boman Irani, Chairman and Managing Director of Rustomjee Group, also known as Keystone Realtors. Speaking during the company’s Q4FY26 earnings call on May 12, Irani said redevelopment opportunities worth nearly Rs 1.30
Mumbai’s iconic skyline, once recognised for its striking Art Deco architecture and distinctive urban character, is increasingly facing what legal expert and urban policy analyst Adv. Rakesh Kumar Singh describes as “redevelopment fatigue.” Speaking exclusively to Lokmat, the Senior Managing Partner of RKS Associate expressed concern over the city’s rapidly
Rising geopolitical tensions in West Asia are beginning to impact India’s real estate sector, with increasing construction expenses, higher labour costs and supply-chain disruptions adding pressure on developers, according to Vikas Oberoi. Speaking during Oberoi Realty’s Q4 FY26 earnings call, Oberoi said the company is already witnessing an increase in
In a significant relief for homebuyers involved in redevelopment projects, the Supreme Court of India has ruled that housing societies can be held accountable if a developer defaults and is later replaced. The judgment overturns earlier legal interpretations that denied buyers any direct contractual relationship with societies or newly appointed
Mumbai is entering one of the most transformative phases in its modern history, with several large-scale infrastructure projects reshaping the city simultaneously. From the Mumbai Trans Harbour Link and Coastal Road to expanding metro corridors, the upcoming Navi Mumbai International Airport and the redevelopment of Dharavi, the city is witnessing
A month after assuming office as the first woman commissioner of the Brihanmumbai Municipal Corporation (BMC), Ashwini Bhide has outlined her priorities for Mumbai’s civic administration, stressing that basic services remain at the core of the corporation’s responsibilities despite the spotlight on mega infrastructure projects. In a recent interaction with
Maharashtra Revenue Minister Chandrashekhar Bawankule has directed authorities to conduct a seven-day investigation into alleged illegal excavation, blasting, and construction activities linked to housing projects associated with Godrej Properties and Bhagwati Vihaan in Kharghar under the jurisdiction of the Panvel Municipal Corporation. The minister ordered a joint inquiry after complaints
The Maharashtra government has directed the Urban Development Department to speed up the redevelopment process for 388 MHADA buildings in Mumbai, acting Housing Minister Shambhuraj Desai said on Wednesday. The redevelopment issue was reviewed during a meeting attended by legislators, government officials and residents affected by the projects. The meeting
Residents of Darukhana in Mumbai’s eastern waterfront area are preparing for another round of demolition action scheduled from Tuesday, even as several political leaders have written to authorities seeking relief and rehabilitation for affected families. The demolition notices were issued in April to nearly 120 residents living along New Tank
Union Minister and North Mumbai MP Piyush Goyal on Sunday said all Slum Rehabilitation Authority (SRA) redevelopment projects in North Mumbai would be planned to ensure that no family is displaced without housing support. Speaking at Mumbai’s first SRA ‘Janata Darbar’ held at Atal Smruti Udyan, Goyal addressed nearly 150
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