BMC Gets CRZ Clearance for Tunnel to Transport Treated Water
The Brihanmumbai Municipal Corporation (BMC) has received Coastal Regulatory Zone (CRZ) approval for an 8.48-km tunnel to carry tertiary-treated water from the Dharavi Wastewater Treatment Facility to the Bhandup Water Filtration Plant via the Ghatkopar STP. Construction of the 2.7-metre-diameter tunnel, estimated at Rs 3,000 crore, is set to begin. The project is part of […]
Mumbai Real Estate Sets New April Benchmark with 13-Year High In Registrations
According to Knight Frank India, the real estate market in Mumbai saw its best April in more than ten years, with 12,142 property registrations, a 4% increase year over year. In 13 years, this is the most deals for the month. Premium housing accounted for 25% of all transactions, up from 22% in April 2024, […]
‘What If Your Forefathers Bought Mumbai Land For Rs 1,000’…The Unbelievable Appreciation
One hundred years ago, a modest land investment in Mumbai might have become a fortune today. In a recent eye-opening case study, financial analyst Rishabh Zaveri examined how the city’s real estate market has changed over the past century, transforming little investments into wealth that lasts generations. In his LinkedIn article “Inflation, Time, and Real […]
Mumbai’s First Cable-Stayed Overbridge at Reay Road Ready to Set New Milestones
An important milestone in Mumbai’s infrastructure development has been reached with the recent completion of the city’s first-ever cable-stayed road overbridge at Reay Road Station. The bridge, which has six lanes and a designated pedestrian walkway, was built just two years after work started on February 14, 2022, making it one of the quickest overbridges […]
Ghatkopar Station Redevelopment Hits 50%, Second Phase Begins
The reconstruction of Ghatkopar Railway Station, a crucial hub in Mumbai Central Railways’ suburban network, is progressing steadily, with over half of the project already done. The ambitious project, led by the Mumbai Rail Vikas Corporation (MRVC), intends to modernise the station and relieve the congestion experienced by nearly 4 lakh daily commuters. With an […]
BMC to Upgrade 15-Year-Old Stormwater Pumping Stations
The Brihanmumbai Municipal Corporation (BMC) proposes to upgrade and maintain two stormwater pumping stations at Irla and Haji Ali for 15 years, costing Rs 640 crore. With the installation of both pumping stations beginning in 2007, much of the pumping station’s machinery, which discharges collected runoff rainwater, requires upgrades. In addition, the BMC has invited […]
Ghatkopar Real Estate Scam; 4 developers charged with defrauding of Rs 3.91 crores
The Ghatkopar police have filed charges against Devang, Jaysinh, Maulik, and Nitin Punjala Dave, designated partners of Punjalal G Dave Realtors LLP, for allegedly defrauding a senior citizen of Rs 3.91 crores. The complainant, Sanjay Dhawan (63), a resident of Vidyavihar, reported to the police that his late father, Janakraj Dhawan, had owned two flats […]
Over 14,224 Families Qualify for Housing in MMRDA’s Ramabai Nagar Project
The Mumbai Metropolitan Region Development Authority (MMRDA) has qualified 14,224 families, which is over 85 percent of the residents in the slums of Ramabai Ambedkar Nagar in Ghatkopar, for a new housing project. This project, in partnership with the Slum Rehabilitation Authority (SRA), is a major step forward in tackling urban poverty and improving living […]
MMRDA is approved to issue bonds to fund $50,000,000,000 for infrastructure projects
It has been approved for the Mumbai Metropolitan Region Development Authority (MMRDA) to issue bonds worth Rs 50,000 crore to finance a number of infrastructure projects in the city and its surrounding areas. The idea was presented before the MMRDA meeting on Friday, which was presided over by Chief Minister Eknath Shinde. “As security for […]
After three months, the government reverses course and buys out R-Infra’s Metro-1 stake
MUMBAI: Three months after sanctioning it, the state government has changed its mind about acquiring the Versova-Andheri-Ghatkopar Metro-1. During a Tuesday cabinet meeting, the decision was made. The city’s oldest route, Metro-1, is the only one developed under a public-private partnership. Mumbai Metro One Private Ltd (MMOPL), a special purpose vehicle (SPV), is in charge […]