For more than Rs 355 crore, real estate firm K Raheja Corp. purchased two prestigious properties: the Popular Press Building, which occupies more than half an acre in South Mumbai’s exclusive Tardeo neighbourhood, and Bayside Mall, one of India’s first shopping centres. The AAA Holding Trust, directed by Jaydev Mody,
The practice of bringing baseless petitions against redevelopment projects has been condemned by the Bombay High Court, which also stated that it has become the least expensive way to put projects on hold. On November 12, a division bench consisting of Justices A S Gadkari and Kamal Khata denied a
For Rs 450 crore, Amazon Data Services Pvt Ltd, a division of Amazon, purchased a 38-acre piece of property in Ambernath, close to Mumbai, from Macrotech Developers, better known as Lodha Group, which is led by Abhishek Lodha. According to property registration records that Propstack was able to uncover, the
The Dharavi Redevelopment Project (DRP) has adopted state-of-the-art technologies to survey and document Asia’s largest slum, a first for any slum rehabilitation project in India, officials said. The 620 acres of densely crowded Dharavi slums are being mapped using drones and remote sensing technology called Light Detection and Ranging (LiDAR).
According to Knight Frank India, the Mumbai municipal region had a 5% increase in property registrations in November 2024, with over 10,200 units registered, indicating ongoing housing demand. By contrast, in November 2023, 9,736 units were registered. Mumbai city, which is governed by the Brihanmumbai Municipal Corporation (BMC), recorded 10,216
After thoroughly assessing the structural integrity of buildings around the city, the Navi Mumbai Municipal Corporation (NMMC) has designated 527 buildings as decrepit for the 2024–25 period in response to mounting concerns over deteriorating infrastructure. The NMMC has implemented a rule mandating a structural audit for all buildings over 30
According to the Maha Mumbai Metro Operation Corporation Ltd (MMMOCL), 56% of ticket reservations for Metro Lines 2A and 7 are now made online, marking a significant advancement in sustainable urban transportation. This indicates a 10% decrease in the use of paper tickets in an exceptionally short amount of time,
According to a statement released on November 28 by Dharavi Redevelopment Project Pvt Ltd (DRPPL), a joint venture between the Adani Group and the Maharashtra government, survey work for 25,000 tenements has been finished, and 60,000 dwellings have been numbered since the exercise started in March of this year. The
The results of the elections in Maharashtra, according to prominent real estate leaders, might have a big impact on the Mumbai real estate market. Industry veterans told NDTV Profit that alignment between the federal and state governments, along with stability in governance, may improve infrastructure development, expedite approvals, and solve
The billionaire Gautam Adani-led group’s USD 3-billion proposal to transform the Mumbai slum of Dharavi into a “world-class” district will benefit from the BJP-led Mahayuti’s resounding victory in Maharashtra. If elected to power, the opposition Shiv Sena (UBT), led by Uddhav Thackeray, had vowed to abandon the project completely and
Purus ut praesent facilisi dictumst sollicitudin cubilia ridiculus.