The Mumbai Metropolitan Region Development Authority (MMRDA) has announced plans to construct seven Foot Over Bridges (FOBs) along the Metro Line 9 corridor to enhance pedestrian safety and strengthen connectivity to metro stations in the Mira-Bhayandar region. The initiative forms part of MMRDA’s Multi-Modal Integration (MMI) strategy, which aims to
The Mumbai Metropolitan Region Development Authority (MMRDA) has decided to postpone its proposed expansion of Netaji Subhash Chandra Bose Road along Marine Drive, opting to reassess traffic requirements after the completion of the Orange Gate–Marine Drive twin tunnel project. The original proposal envisaged widening the iconic six-lane Marine Drive boulevard
The Reserve Bank of India’s (RBI’s) decision to keep the repo rate unchanged at 5.25% has drawn reactions from industry stakeholders, with the real estate sector viewing the move as a measure that supports stability in borrowing costs and consumer sentiment. Commenting on the monetary policy announcement, CREDAI-MCHI President Sukhraj
The handover of new homes to 537 families at the Dr Babasaheb Ambedkar BDD Complex in Naigaon marks another milestone in Mumbai’s largest chawl redevelopment project. At the same time, the recent demolition of historic structures such as Haji Noorani Chawl and Laxmi Niwas Chawl in Prabhadevi for the Sewri-Worli
Mumbai is set to witness its first large-scale cluster redevelopment project under the Slum Rehabilitation Authority (SRA), with three major real estate players competing to undertake the ambitious 100-acre Juhu Galli redevelopment scheme in Andheri (West). The project, officially known as the Juhu Galli SRA Cluster Redevelopment Scheme, spans approximately
The Goregaon-Mulund Link Road (GMLR), one of Mumbai’s most significant infrastructure projects aimed at improving east-west connectivity, has entered a crucial stage with preparations intensifying for the commencement of tunnelling work beneath the Sanjay Gandhi National Park. The Brihanmumbai Municipal Corporation (BMC) is advancing work on the twin tunnel section
South Mumbai’s premium real estate market continues to witness strong redevelopment activity, with five major transactions worth more than Rs 726 crore recorded across some of the city’s most sought-after neighbourhoods over the past 18 months. According to data compiled by Zapkey.com, the deals were registered between September 2024 and
Mumbai has emerged as one of the world’s most expensive rental housing markets, with average monthly rents now comparable to those in global cities such as Hong Kong, Singapore and Los Angeles. The trend reflects a combination of strong housing demand, limited land availability and rising property values that continue
The Maharashtra government has initiated plans to transform Mumbai’s landmark Air India Building at Nariman Point into a state-of-the-art administrative complex, with Public Works Minister Shivendrasinhraje Bhosale directing officials to prioritise structural safety, quality construction and public convenience throughout the redevelopment process. During a site visit on Wednesday, Bhosale reviewed
To tackle the growing mismatch between Mumbai’s rising water demand and limited supply, the Brihanmumbai Municipal Corporation (BMC) has proposed an extensive set of water infrastructure projects aimed at strengthening the city’s supply system up to 2041. The proposal, presented before the civic standing committee on Wednesday, outlines the development
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