Close to a month after chief minister Uddhav Thackeray unveiled the first indigenously built Metro train for Metro-2A (Dahisar-DNDa Nagar) and Metro-7 (Dahisar E-Andheri-E), the Mumbai Metropolitan Region Development Authority (MMRDA) conducted pre-trials for the train at the Charkop depot before testing begins on the actual route in a month.
Presenting Bhu-Naksha, a software program that is easily connected with digital land records. Bhu-Naksha, created by the National Informatics Centre, transforms land management by arranging data from cadastral mapping into easily navigable web maps. It has never been simpler to navigate land parcels and obtain essential land record information than
In April 2024, 11,504 units in Mumbai City (which is under BMC authority) are anticipated to be registered as real estate, bringing in an additional Rs 1,043 crore for the state coffers. The revenue from property registrations has increased annually by 16 percent as compared to the same period last
The Mumbai region’s real estate sector has seen a significant upturn, as seen by the 11% increase in property registrations in April 2024 over the previous month. This increase suggests a potential recovery from earlier slowdowns and indicates the real estate sector’s restored confidence and activity. Positive attitude among buyers
Redevelopment is sweeping through south Mumbai’s most sought-after pin codes. A-list developers are invited to submit bids by at least six to seven housing societies in Walkeshwar, Breach Candy, Malabar Hill, Napean Sea Road, Worli, and Altamount Road each week. The “redevelopment craze in the island city took time to
The Brihanmumbai Electric Supply and Transport Undertaking (BEST) was granted financial assistance by the BMC on Thursday in the amount of Rs200 crore to cover employee salaries and settle outstanding debts from retiring staff. The civic authorities last month put the Rs. 3,000 crore in funding that the BEST had
In April 2024, there were 11,504 property registrations in the Mumbai real estate market, up from 10,514 the previous year, a growth of around 9%. According to Maharashtra government data, stamp duty collections from property registrations increased by 16 percent, from Rs 900 crore to Rs 1,043 crore in April
The much awaited 2,000-metric-ton arch bridge, a crucial component of the Mumbai coastal road project, set out from Nhava at Mazagon Dock. The project is expected to be completed by the morning of April 26; in the event of bad weather, April 27 is reserved as a backup date. It
The BMC has proposed to hack 316 trees and transplant 66 others to pave way for a new service road beneath the Eastern Freeway flyover in south Mumbai. The estimated cost of the project is Rs 62 crore, while the civic body had also appointed a project management consultant for
Eldeco Infrastructure and Properties Limited (EIPL), a prominent player in North India’s real estate sector, and HDFC Capital Advisors Limited (one of the largest real estate fund managers in India) have announced the latest round of funding of Rs 350 crore towards their joint platform aimed at developing residential projects
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