MMRDA Unveils Rs 40,187 Crore Budget For 2025–26 To Drive Infrastructure Growth
The Mumbai Metropolitan Region Development Authority (MMRDA) has announced a Rs 40,187.41 crore budget for the financial year 2025–26, with a significant focus on infrastructure development across the Mumbai Metropolitan Region (MMR). A substantial Rs 35,151.14 crore—roughly 87% of the total budget—has been earmarked for major urban projects, including metro expansions, new tunnels, coastal routes, […]
Eknath Shinde Highlights Maharashtra’s Unwavering Commitment To Development
Eknath Shinde, the deputy chief minister, reiterated the state’s commitment to growth and progress in his speech to the Maharashtra Legislative Council on Wednesday. He gave his word that Maharashtra is still dedicated to moving forward in the direction set down in the Constitution and will keep working towards a successful future. Speaking during discussions […]
BMC Enforces Strict Ban On New Road Excavations Ahead Of Monsoon
Mumbai’s Brihanmumbai Municipal Corporation (BMC) has reaffirmed its resolve to halting new road excavations as the monsoon season approaches. The city council issued a fresh instruction, tightening the restriction on digging up roads, following infractions by contractors who continued excavation despite previous orders. Municipal Commissioner Bhushan Gagrani had earlier suspended road excavations to curb air […]
Deputy CM Eknath Shinde Calls For Probe After French Firm Alleges Corruption In MMRDA Projects
The Mumbai Metropolitan Region Development Authority’s (MMRDA) notice of termination for French consulting firm Systra was reversed by the Bombay High Court (HC), which referred to the ruling as “arbitrary and unfair.” The decision follows Systra’s accusations of corruption against a number of MMRDA executives in connection with Mumbai metro construction. The court directed MMRDA […]
MMRDA Secures Rs 7326 Crore Loan For Orange Gate To Marine Drive Underground Metro
The Orange Gate to Marine Drive underground metro project will be developed thanks to a loan of Rs 7326 crore obtained by the Mumbai Metropolitan Region Development Authority (MMRDA) from the Union Bank of India’s Large Corporate Branch in Mumbai. This funding supports MMRDA’s commitment to world-class infrastructure development in Mumbai and its financial stability. […]
MHADA Chief Sanjeev Jaiswal Directs Fast-Tracking Of Slum Redevelopment
Sanjeev Jaiswal, IAS, the vice president and chief executive officer of the Maharashtra Housing and Area Development Authority (MHADA), has instructed officials to expedite the completion of 17 slum rehabilitation projects being carried out in partnership with the Slum Rehabilitation Authority (SRA). Jaiswal stressed the necessity of concerted efforts to expedite the tendering process, administrative […]
Fadnavis Orders Enquiry Into Rs 900-Crore CIDCO Housing Project Approved Under Shinde
Deputy Chief Minister Eknath Shinde’s recent declaration that everything would go well with Chief Minister Devendra Fadnavis—that everything was “Thanda, Thanda, cool, cool” was too soon. Recent events point to a growing divide, as Fadnavis has opened an investigation into a contentious Rs 900-crore housing project in Jalna that was resurrected under Shinde’s direction. The […]
MHADA Fast-Tracks 17 Slum Redevelopment Projects, Plans 100,000 Affordable Homes In Maharashtra
Sanjeev Jaiswal, IAS, the vice president and chief executive officer of the Maharashtra Housing and Area Development Authority (MHADA), has instructed officials to expedite 17 slum rehabilitation projects that are being carried out in partnership with the Slum Rehabilitation Authority (SRA). Jaiswal underlined the necessity of concerted efforts to confirm slum dweller eligibility, secure administrative […]
Eknath Shinde Announces Major Housing Expansion, 8 Lakh Homes Planned By 2030
The Maharashtra government is stepping up its efforts to increase affordable housing, with a particular emphasis on the MMR Growth Hub Project. In accordance with NITI Aayog’s suggestions, the Maharashtra Housing and Area Development Authority (MHADA) plans to construct eight lakh dwellings by 2030 as part of this effort. This ambitious plan was unveiled today […]
Raymond To Develop Rs1,800 Crore Residential Project In Mahim Under Revenue-Share Model
Raymond’s real estate arm is making another big move in Mumbai’s property market! The company has signed an agreement to jointly develop a residential project in Mahim on a 2-acre land parcel through a revenue-share model. The project, undertaken by Ten X Realty West (a subsidiary of Raymond), has an estimated gross development value (GDV) […]