“One in every three homes now being sold from a redevelopment project” is one of the significant changes taking place in Mumbai’s real estate market, according to financial expert Akshat Shrivastava. However, in addition to bringing in new, taller buildings, these initiatives raise property values and present serious infrastructure difficulties.
The Supreme Court of India decided on Friday that the Adani Group’s Dharavi redevelopment project will proceed without a stay, marking a significant legal breakthrough. The ruling follows a lawsuit filed by Dubai-based Seclink Technologies Corp, which contested the Maharashtra government’s choice to award the project to Adani Properties, which
The Navi Mumbai International Airport (NMIA), one of India’s most important infrastructure projects, is led by Geetha Ajit Pillai, 56, a resident of CBD Belapur. Pillai has been instrumental in developing Navi Mumbai’s urban landscape in his capacity as the City and Industrial Development Corporation’s (CIDCO) chief general manager (transport
The Mumbai Metro Rail Corporation Limited (MMRCL) is making calculated moves to sell off land parcels in Byculla, Marol, Mahim, and Dharavi, four desirable areas in south and central Mumbai. These plots, which span over 12,491 square meters along the Metro Line 3 route, are anticipated to be developed through
Mumbai is seeing a huge increase in redevelopment projects; according to the Ministry of Environment, Forest and Climate Change (MoEFCC), more than 50 proposals have been submitted for environmental clearance in the last three months. This increase is indicative of a growing trend in slum rehabilitation and extensive infrastructure upgrades,
The rehabilitation of the 6.4-acre railway property in Matunga West has begun with the issuance of the commencement certificate (CC). In Phase I, four 36-story staff quarters and railway offices are being built to provide housing for railway workers. Five thousand squatters living on railway property will also receive rehabilitation.
Chief Minister Devendra Fadanavis evaluated a number of infrastructure and other development projects totalling Rs. 1.41 lakh crores, as well as a proposed Rs. 25,000 crore project carried out by the Municipal Corporation, at a review meeting on Tuesday at Vidhan Bhavan. In order to make the drain cleaning process
The Gorai Mangrove Park is almost finished, and by May 1, 2025, Mumbai residents and environment lovers will be able to explore the scenic Gorai Creek from a newly constructed watchtower. The park, which was created by the Maharashtra Forest Department’s Mangroves Foundation, will have a 740-meter boardwalk that winds
As the Navi Mumbai International Airport (NMIA) nears completion, environmental activists and residents are voicing serious concerns over safety protocols, particularly the risk of bird strikes due to an unregulated meat trade in Ulwe, just three kilometres from the airport’s runway. This practice violates the Director General of Civil Aviation
Due to continuous land acquisition and environmental clearance obstacles, the Brihanmumbai Municipal Corporation (BMC) has once again failed to start work on two crucial stormwater pumping stations: Mahul and Mogra. Despite the Bombay High Court approving the Rs. 33 crore compensation for the disputed Mogra station land, and Administrator Bhushan
Purus ut praesent facilisi dictumst sollicitudin cubilia ridiculus.