The Bombay High Court rejected a challenge filed by Navi Mumbai-based developer Lakhani Housing Corporation, opening the way for the renovation of 25 housing societies in Sion’s GTB Nagar. The Maharashtra Housing and Area Development Authority (MHADA), which has been designated as the project’s special planning authority, will now oversee
Real estate developers in Maharashtra, including Lodha Group, K Raheja Corp, Puranik, and Lokhandwala Infrastructure, have applied for the deregistration of up to 19 projects in cities like Mumbai, Thane, Pune, Nashik, and Nagpur. Out of the 19 real estate projects, three are up for deregistration by Lodha Group or
The housing body has failed to collect compensation from developers, even though the public Anti Corruption Bureau (ACB) has found proof that MHADA officials and developers conspired and caused a loss to the public exchequer in the redevelopment of the city’s cessed structures. In the meantime, MHADA has petitioned the
According to Boman Irani, CMD of Rustomjee Group, better known as Keystone Realtors, redevelopment in Mumbai has been here for more than 20 years and presents enormous prospects for new real estate developers wishing to enter the market from other cities. Since a lot of developers are vying for this
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
Purus ut praesent facilisi dictumst sollicitudin cubilia ridiculus.