Re-mumbai

Residential rentals in western suburbs has driven redevelopment in Mumbai

With barely any land properties left in the western suburbs of Mumbai, residential apartments are being built through redevelopment of older properties. This is being observed in areas like Borivali, Kandivali, Malad, Khar, Bandra and Santacruz. The developer has to issue the property owners under redevelopment, housing another residence, resulting in increased demand for rental […]

Real Estate prices may rise by 25% in Mumbai Suburbs due to TDR rate hike

Mumbai Suburbs’s Real estate prices may increase by approx 25% in next year due to a hike of Transferable Development Rights (TDR) rates. In the eastern suburb of Mulund, TDR rates have risen from ₹3,500 per square foot 6 months ago, to ₹6,000 per square foot. Likewise, in western suburb of Borivali, TDR rates have […]

Western Railway to construct two new rail lines in Mumbai for long-distance trains

The Western Railways (WR) has unveiled plans to enhance the Borivali-Virar stretch by constructing two additional rail lines, segregating the suburban rail system from the long-distance trains. A senior WR official on Thursday revealed that the project is set to commence after the monsoon season. However, this expansion poses some challenges like the demolition of […]