Why Mumbai Office Real Estate Continues To Command The Highest Price In India
For years, voices of frustration have echoed across Mumbai as residents contend with the city’s soaring cost of living and steep rental prices. While Bengaluru has emerged as a prominent contender in the real estate sector—often cited as the most expensive city for India’s middle-class population—Mumbai continues to dominate when it comes to property values, […]
MHADA CEO Sanjeev Jaiswal Sets 6-Week Deadline For Redevelopment NOCs Under Right To Service Act
At the 2nd Redevelopment Conference and Investors Summit hosted by the Maharashtra Housing and Area Development Authority (MHADA), Sanjeev Jaiswal, IAS, Vice President and Chief Executive Officer (VP & CEO), announced a significant policy reform aimed at fast-tracking the redevelopment of old cessed buildings in Mumbai. Under this new directive, proposals submitted under Section 79A […]
MHADA Unveils Ambitious Plan To Build 30 Lakh Affordable Homes By 2030 Under PM-Supervised Growth Hub
By Sidhant Shekhar Jha In a significant push towards resolving Mumbai’s housing crisis, the Maharashtra Housing and Area Development Authority (MHADA) announced its ambitious target of constructing 30 lakh affordable homes across the Mumbai Metropolitan Region (MMR) by 2030. This initiative forms a key part of the Prime Minister-supervised Growth Hub plan, aimed at transforming […]
City To Boost Last-Mile Connectivity With Wider Footpaths & New FOBs
An ambitious plan to enhance pedestrian connectivity around metro stations in the city is being implemented by the Mumbai Metropolitan Region Development Authority (MMRDA). The Hindustan Times story claims that the initiative is a component of MMRDA’s Multi-Modal Integration (MMI) plan, which also entails constructing additional foot overbridges (FOBs) and enlarging pathways to facilitate easier […]
Maharashtra CM Urges Fast-Tracking Of Major Growth Projects In MMR
On Monday, Chief Minister Devendra Fadnavis ordered the rapid completion of important growth hub projects for the Mumbai Metropolitan Region’s (MMR) development. In order to raise the region’s GDP to $300 billion by 2030, the MMR Growth Hub is essential. In order to do this, a number of initiatives have been started, and it is […]
BMC To Boost Pedestrian Infrastructure With New Footpaths & Coastal Promenade
BMC Commissioner and State-Appointed Administrator Bhushan Gagrani said the civic organisation is attempting to create new walkways as part of the city’s ongoing massive road concretisation project in response to mounting concerns over Mumbai’s poor pedestrian infrastructure. Speaking at the ‘Walkable Cities’ conclave held at Y B Chavan Centre, Gagrani stressed the need for a […]
Mumbai’s Redevelopment Boom: Transforming Skyline, Straining Infrastructure
Mumbai’s skyline and real estate market are changing due to a major wave of renovation. In order to address space constraints, aged structures, and rising housing demand, thousands of projects are now underway. Modern housing is brought about by redevelopment, which also stimulates economic growth, but worries about the impact on the infrastructure, architectural homogeneity, […]
Raymond’s Ten X Realty Signs JDA For Residential Project In Wadala
Ten X Realty West Limited, a division of Raymond Limited, has signed a Joint Development Agreement (JDA) for a major residential project in Wadala, Mumbai. The company’s sixth significant collaborative development project outside of its current Thane projects, with an estimated Gross Development Value (GDV) of around Rs 5,000 crore, strengthens its strategic expansion within […]
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, […]
MRVC Revives Plan For Direct Local Train Services Between Virar & Panvel
Mumbai commuters may soon benefit from direct local train services between Virar and Panvel as the Mumbai Rail Vikas Corporation (MRVC) has reintroduced the Panvel-Vasai Suburban Railway Project under Mumbai Urban Transport Project (MUTP) 3B. Once operational, the route is expected to enhance East-West connectivity and extend services to Virar. The plan includes constructing a […]