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
Registration of properties in Mumbai city has gone up 8 per cent so far this month to around 14,150 units compared to March last year, reflecting strong demand, according to a report. Real estate consultant Knight Frank said the registration of properties in Mumbai city (area under BMC jurisdiction) has reached nearly 14,150 units
The Mumbai Metropolitan Region Development Authority (MMRDA) has decided to switch over from Tata Power to a cheaper power supplier for the Monorail and Metro corridors 2A and 7. The decision has been taken owing to a steep hike Tata Power’s tariffs effective April 1. As per the existing tariff
The state government has approved the policy for the redevelopment of dilapidated buildings in the Navi Mumbai Airport Influence Notified Area (NAINA) region, that had been stuck due to NAINA regulations. While the state government has permitted 30% extra area, the villagers are demanding at least 2.5 FSI (floor space
The Dharavi Redevelopment Project Private Limited (DRPPL), a joint venture between the state government and Adani Realty, began its survey on Monday to collect data from lakhs of slum dwellers in Dharavi. On the first day, it surveyed around 105 tenements. “This is an important day for us,” said S
Mumbai Metro Rail Corporation (MMRC) has invited bids to install 2.8 MW of rooftop solar systems and associated support structure works on Aarey station and depot buildings of the Mumbai Metro Line 3 project. The scope of work includes site survey, investigation, design, engineering, supply, installation, testing, and commissioning of
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