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
The Mumbai real estate market is seeing an unparalleled rise, with high demand, increased volumes, and growing interest in both commercial and residential properties, CREDAI-MCHI President Domnic Romell (55) noted on Monday. He was attending the ”FPJ Dialogue” event at the FPJ office in Nariman Point. He claimed that there
Despite the State Anti-Corruption Bureau (ACB) finding prima facie evidence that MHADA officials and developers conspired to create a loss to the state exchequer in the redevelopment of the city’s cessed structures, the housing body has failed to recoup compensation from developers. Meanwhile, MHADA has petitioned the Supreme Court (SC)
Early this year, Mumbai-based Dosti Realty (DRL) announced plans to launch an Initial Public Offering (IPO) in the next 12 to 24 months, as well as a strategic expansion into the Thane and Bhiwandi storage and logistics sectors. Discussions with bankers are presently underway, and the funds raised through the
In a significant attempt to reduce traffic congestion and improve connectivity, the Mumbai Metropolitan Region Development Authority (MMRDA) has hired contractors for key road infrastructure projects in Mumbai and Thane. These projects include constructing and widening nearly 50 km of highways, which will solve the region’s important transportation needs. With
The National Real Estate Development Council (NAREDCO) Maharashtra NextGen has presented the third edition of Excelerate 3.0, which will take place on November 14, 2024, at the Hotel Sahara Star in Mumbai. Under the subject ‘Innovation in building,’ the event aims to increase the use of cutting-edge innovation in the
Mumbai commuters have reason to cheer as the much-anticipated Santacruz-Chembur Link Road (SCLR) Extension project nears completion. This critical infrastructure effort is intended to increase connectivity and transport efficiency across the city. With only 100 metres of suspension bridge left to build, the SCLR Extension is nearing completion. This last
Certus Capital invested Rs 150 crore in two mid-market real estate developments in the Mumbai Metropolitan Region. These projects have a combined income potential of more than Rs 750 crore and are being developed by seasoned real estate developers JSB Group and Dynamix Group. These investments were made for Earnest.me,
House of Hiranandani said on Tuesday that it will invest Rs 12,500 crore over the next two years to construct several Mumbai Metropolitan Region (MMR) projects. According to a statement, the business plans to invest Rs 12,500 crore in five MMR projects. The investments, funded by equity and internal accruals,
Kansai Nerolac Paints, an Indian paint manufacturing company, has confirmed the sale of its property in Mumbai’s Lower Parel to real estate firm Runwal Realty. The sale, which includes a plot of land and a building, is worth Rs 726 crore. “This is further to our letter dated 26th December
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