Leaving the update of Metros of Mumbai aside, at this point of time, the WEH is a complete bowl of the mess that needs immediate attention Mumbai has over 42 lakh vehicles running on its road with a density of 2100 vehicles per kilometer of stretch. One of the badly
Every year just ahead of monsoon, the civic body releases a list of dilapidated buildings, out of which the buildings that are unfit for habitation are categorised as C-1 structures Ahead of monsoon this year, the Brihanmumbai Municipal Corporation (BMC) has categorised 337 residential buildings in Mumbai as dangerous. Every
The real estate sector has attracted investments worth $943 million during the quarter led by the office segment and a comeback of retail real estate, showed a JLL India report. The waning of uncertainty due to pandemic resurgence led to a pick-up in investment momentum during the first quarter of
On an average, there was a 9.26 percent to 10.44 percent increase in construction costs for Grade A warehousing and 7.72 percent and 8.68 percent for general manufacturing in the last two years Mumbai and Kolkata saw the highest construction costs at Rs 2,115 per sq.ft. for grade-A warehousing space
Developers to strategise the ways to reinvent the sector to foster growth Despite the disruptions and market upheavals during the last two years of the pandemic, the real estate sector has made an impressive revival. The sector has transformed into a buyer’s market driven by rising demand and various reforms
The city is in the middle of a redevelopment boom, with small old buildings making way for a big new one and that is where the Permanent Alternative Accommodation Agreement is playing the lead role Since November 2021, housing demand from builders had started softening in Mumbai. Except for select
Belying apprehensions in many quarters, the implementation of the Real Estate Regulatory Act (RERA – w.e.f May 1, 2017) and later its state-level avatars, has done a world of good to the entire realty sector — one of the biggest revenue grosser in the country, a top expert said. Earlier,
Nitin Gadkari on Sunday (24 April) dedicated to the nation 86 km of roads on National Highway no. 52 worth Rs 3,216 crore Union Road Transport and Highways Minister Nitin Gadkari on Sunday said an access-controlled expressway will be constructed between Aurangabad and Pune at a cost of Rs 10,000
The case was that of homebuyers Jignesh R Khemani and Gulab R Khemani, who booked a flat in a project named ‘Ruparel Skygreens I’, located at Borivli. The project was registered by the builder with MahaRERA. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has allowed aggrieved homebuyers to withdraw from
The Slum Rehabilitation Authority (SRA) and Maharashtra Housing Area Development Board (Mhada) have issued notices to change developers of redevelopment projects stuck for more than five years. While SRA has directed appointment of new developers for 517 slum rehabilitation schemes caught up prior to 2014, Mhada has issued notices to
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