As old and eligible buildings in the Mumbai Metropolitan Region (MMR) await redevelopment, Dr. Bhushan Gagrani, Commissioner of the Brihanmumbai Municipal Corporation (BMC), stated that there is a need to create enough housing stock for which redevelopment is a better option by exploring the possibilities of public-private partnerships. He was
The Maharashtra chapter of Realtors’ Association NAREDCO is hosting a property exhibition in which builders are marketing more than Rs 10,000 crore in inventories in various projects throughout Maharashtra. Builders are offering discounts and freebies to attract clients throughout the holiday season. “More than 77 new projects were launched at
A seven-member committee has been formed, chaired by Dilip Bhosale, former Chief Justice of Allahabad High Court, to address the difficulties affecting religious sites that are impeding Dharavi’s reconstruction. A government resolution (GR) has been issued, admitting the presence of over a thousand religious sites, many of which are unapproved,
The Bombay High Court has reinforced the necessity for obtaining the irrevocable consent of at least 51% of eligible slum dwellers before appointing a developer for slum redevelopment projects. The court stressed that without this mandatory consent, developers with insufficient support could still claim redevelopment rights, potentially causing “serious complications.”
In response to recent incidents of multiple suicides on the Atal Setu bridge, the Mumbai Metropolitan Region Development Authority (MMRDA) is set to form an expert committee from IIT Bombay, which has been involved in the project since its inception, to recommend safety measures. The MMRDA has acknowledged the situation
On October 5, 2024, Prime Minister Narendra Modi is expected to inaugurate several major infrastructure projects across Thane, Navi Mumbai, and the Mumbai Metropolitan Region (MMR) during his visit to Mumbai. Although the visit hasn’t been officially confirmed, it is anticipated to play a key role in advancing the region’s
The City and Industrial Development Corporation (CIDCO) has approved a proposal to convert leased land within its authority to freehold, so granting the property owners absolute ownership. This is a significant move that would affect thousands of individuals and various cities, most notably Navi Mumbai. Furthermore, there will be no
As the festive season boosts the property market, engineering, procurement, and construction (EPC) firm Man Infraconstruction has received the commencement certificate (CC) for a luxury residential project in Mumbai, according to a release. According to the statement, the forthcoming home project is located in Mumbai’s Vile Parle region and has
The residents of Mumbai’s BDD Chawl redevelopment project will move into newly constructed flats in January 2025. Around 600 households from the Worli BDD Chawl will receive contemporary housing units, representing a significant step forward in the city’s attempts to improve living conditions for approximately 16,000 families in four areas. The
On Monday, the Maharashtra government approved the lease acquisition of 255.9 acres of ecologically hazardous salt-pan property from the Centre to house individuals who were disqualified for dwellings under the Adani Group-led Dharavi Redevelopment Project. The Centre approved the transfer on September 2 after the Maharashtra government sought that three
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