According to Magicbricks’ Q3 2024 rental report, average rentals in 13 major Indian cities increased by 7.4% on a quarterly basis, to Rs 35.8 per square foot per month, the largest increase in two years. At Rs 86.50 psf, Mumbai is the most expensive rental market, followed by Delhi at
In Powai’s exclusive Hiranandani Gardens, some 5,500 families from 84 housing societies have expressed dissatisfaction about their houses’ lack of acknowledged conveyance. Since the Mumbai Metropolitan Region Development Authority (MMRDA) has not yet authorised the transfer of ownership for the 230 acres of the property leased for development, the matter
By Sidhant Shekhar Jha Prominent architect Padma Bhushan Hafeez Contractor emphasised the role of vertical urban planning in preserving agricultural land during a fireside chat at NAREDCO NextGen Maharashtra’s Excelerate 3.0. Speaking on the need for sustainable urban development, Hafeez said, “Creating islands of high-rises on these lands can prevent
By Sidhant Shekhar Jha At Excelerate 3.0, hosted by NAREDCO NextGen Maharashtra, the theme of “Build Fast” sparked discussions on accelerating construction timelines without sacrificing quality. Rajan Bandelkar underscored the priority with his straightforward mantra: “Sales, sales, and more sales,” emphasising that speed and efficiency are essential to meeting market
Mumbai, renowned for its bustling lifestyle and traffic congestion, is poised for a transformative development. On November 13, 2024, Maharashtra Deputy Chief Minister Devendra Fadnavis revealed an ambitious plan to extend the Mumbai Coastal Road to Virar in Palghar district. This project is set to ease traffic congestion and redefine
The Mumbai Central Coaching Depot of Western Railway has successfully implemented a new two-way switch-controlled pit illumination system, marking a significant step forward in energy conservation efforts. The upgraded system comprises a total of 120 LED pit lights, each rated at 16W/48V. These lights are centrally controlled and organised into
Nandivardhan Group has created Monopoli (#WhereFamilyWins), a residential project located in Dadar, Mumbai. The proposal is a 40+ storey high-rise tower with two 3-bedroom sundeck homes and Jodi choices. Residents will be immersed in a world of splendour, with over 20+ excellent lifestyle amenities that improve everyday life. Dadar, recognised
The Dharavi Redevelopment Project (DRP) remains the most unusual urban rehabilitation program, to transform Dharavi, one of the world’s largest and most densely populated slums. The slum community, which covers around 590 acres in the heart of Mumbai, has grown over the years into a hub of informal housing, small-scale
The Maharashtra Industrial Development Corporation (MIDC) has decided to offer up property in the Thane-Belapur area for residential complexes, raising alarms only days before the electoral code of conduct goes into effect on October 15th. This judgement concerns redeveloping encroached property in the industrial estate, representing a substantial shift in
Redevelopment is a huge challenge in cities like Mira Bhayandar because of low margins and FSI. Dilapidated buildings that collapsed 12-15 years ago have yet to be renovated. Thane’s example of allotting dwellings to everyone from slums to illegal chawls taught me that decaying buildings may be rehabilitated through cluster
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