Redevelopment is emerging as a major driver of Mumbai’s residential market, with projects in this segment accounting for 15% of total housing sales during the first half of 2025-26, according to a JLL and NAREDCO report. The share was only around 6% between 2016 and 2021. For the first time,
Residents of Thane intensified their opposition to the proposed Thane Integral Ring Metro project on September 6, forming a human chain along Pokhran Road No. 2 to voice concerns over tree cutting, traffic disruption, displacement and the project’s overall feasibility. The demonstration, organised by citizens’ forum Thane Against Integral Ring
Mumbai’s residential market is seeing a shift in buyer preferences, with homebuyers increasingly evaluating properties on factors beyond location, size and price. Space efficiency, wellness features, neighbourhood infrastructure, redevelopment potential and long-term value are becoming important parts of the home-buying decision. The trend is particularly visible in Mumbai’s premium housing
The ongoing redevelopment of Chhatrapati Shivaji Maharaj Terminus (CSMT) could lead to further disruptions in long-distance train operations, with the Rail Land Development Authority (RLDA) seeking temporary closure of Platforms 14 and 15 for construction while Central Railway (CR) wants Platforms 16 and 17 to become fully operational first. CR
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has dismissed a homebuyer’s complaint seeking cancellation of his flat purchase, a developer-led buyback and a refund with interest after alleging persistent water seepage, dampness and poor finishing in the apartment. The homebuyer had purchased the property for nearly Rs 30 lakh and
The Panvel Municipal Corporation (PMC) on Thursday demolished four unauthorised floors containing 80 flats at a residential building in Sector 22, Kamothe, after finding that the construction had extended beyond the sanctioned 11-storey plan. The civic action was carried out under the jurisdiction of Ward Committee C against the building
The Brihanmumbai Municipal Corporation (BMC) has removed 15 unauthorised stalls from footpaths in Byculla as part of its ‘Pedestrian First’ campaign, aimed at creating obstruction-free and continuous walking spaces across Mumbai. Of the stalls removed, 13 were located along the footpath connecting Mumbai Central railway station to Nair Hospital, while
The Adani Group is planning and executing more than 600 million sq ft of property development, with major projects across Mumbai and Navi Mumbai forming a key part of its long-term real estate strategy, Adani Enterprises Executive Director Pranav Adani said at the Real Estate & Infrastructure Investors Summit 2026
Mumbai’s residential real estate market is entering a new phase as redevelopment increasingly becomes a major source of housing supply in a city where land availability for fresh development remains limited. A report titled “Redevelopment in Mumbai: The Inflection Point, from Land Scarcity to Systematic Urban Renewal”, released during NAREDCO
Actress Khushi Kapoor, daughter of filmmaker Boney Kapoor and late actor Sridevi, has purchased a residential apartment in Bandra West, Mumbai, for Rs 63 lakh, according to property registration documents accessed by CRE Matrix. The compact apartment is located in Samtadeep Building on 25th Road, Bandra West, one of Mumbai’s
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