Record Rs 12,300 Crore in Luxury Home Sales in Mumbai for First Half of 2024
Mumbai’s luxury home market reached an all-time high, achieving ₹12,300 crore in sales during the first half of 2024. This surge is attributed to the growing demand for upscale apartments, particularly in the Worli area, which alone contributed to over a third of these sales. In comparison, the same period last year saw ₹11,400 crore […]
Monorail Sees 30% Surge in Ridership as 21,000 Passengers Travel on Monday
On Monday, heavy rains disrupted local train services between Wadala and Mankhurd, causing passengers to turn to the monorail, which has historically operated at a loss. The monorail, servicing routes to Chembur, Wadala, Dadar, Lower Parel, Lalbaug, and Mahalakshmi, experienced a notable 30% increase in ridership. Typically, 16,000 to 17,000 passengers use the monorail daily, […]
Mumbai: BMC receives racecourse as it approaches the last lap
The last steps are being taken to transfer a portion of the racecourse’s land to the Brihanmumbai Municipal Corporation (BMC). To the BMC, the Royal Western India Turf Club would give over a 120-acre area. Civic Chief Bhushan Gagrani said that the 120-acre land is almost ready to be turned over. “Yes, the process of […]
After decades of dispute, BMC finally takes possession of 120 acres of land that was once the Mahalakshmi Race Course
A protracted conflict has finally been resolved when the Brihanmumbai Municipal Corporation acquired 120 acres of land at the Mahalakshmi race circuit. The State Government’s approval of the property transfer to the municipality, which opened the door for the development of a vast Central Park, gardens, and open spaces, led to the decision. The 211-acre […]