BMC Commissioner Bhushan Gagrani: MMR , needs more housing stock through PPP
As old and eligible buildings in the Mumbai Metropolitan Region (MMR) await redevelopment, Dr. Bhushan Gagrani, Commissioner of the Brihanmumbai Municipal Corporation (BMC), stated that there is a need to create enough housing stock for which redevelopment is a better option by exploring the possibilities of public-private partnerships. He was addressing at a panel discussion […]
Mumbai Property Expo Showcases ₹10,000 Cr Worth of Inventory
The Maharashtra chapter of Realtors’ Association NAREDCO is hosting a property exhibition in which builders are marketing more than Rs 10,000 crore in inventories in various projects throughout Maharashtra. Builders are offering discounts and freebies to attract clients throughout the holiday season. “More than 77 new projects were launched at the third edition of HOMETHON […]
PM Modi’s Mumbai Visit Likely to Boost Infrastructure in MMR and Navi Mumbai
On October 5, 2024, Prime Minister Narendra Modi is expected to inaugurate several major infrastructure projects across Thane, Navi Mumbai, and the Mumbai Metropolitan Region (MMR) during his visit to Mumbai. Although the visit hasn’t been officially confirmed, it is anticipated to play a key role in advancing the region’s development. The projects aim to […]
Central agencies might be involved in MMR slum rehabilitation initiatives
According to housing department officials, the Maharashtra government is exploring the possibility of enlisting central agencies to help rehabilitate slums situated on land owned by the central government in the Mumbai Metropolitan Region (MMR). If the proposal is implemented, the Slum Rehabilitation Authority (SRA) and central agencies will work together to rehabilitate slum colonies. According […]
Refurbishment of the 300-year-old Bandra village to preserve its illustrious past
Mumbai: While the financial hub of India has grown vertically over the years, with skyscrapers dotting its skyline, certain “Gaothans” (villages) have managed to preserve their culture and traditions. One such settlement that has withstood the impulse to make way for towering constructions is Ranwar, which is located in the centre of Bandra. The village, […]
Master Plan for Ring Road; Reducing Traffic in Mumbai by 2029
The Coastal Road in Mumbai is but a taste of what is to come in the next five years. The Mumbai Metropolitan Region Development Authority (MMRDA) created the master plan for Mumbai’s ring roads, which shows off the massive road network that stretches the entire length and width of the Mumbai Metropolitan Region (MMR) from […]
Puravankara Boosts Presence with Key Redevelopment Projects in Mumbai
The redevelopment rights for Breach Candy’s exclusive Miami Apartments have been acquired by Puravankara Limited. Spanning slightly over 2,000 square metres, this acquisition marks the developer’s entrée into the ultra-luxury sector of South Mumbai, where property costs are reportedly between INR 125,000 and INR 140,000 per square foot, according to market sources. The company’s foray […]
CREDAI-MCHI urges GST revision to boost redevelopment and affordable housing in Mumbai
The Mumbai Metropolitan Region’s (MMR) top real estate association, CREDAI-MCHI, has demanded a thorough examination of the Goods and Services Tax (GST) system as it relates to the real estate business. The organisation expressed concerns about the effects of GST on affordable housing, rehabilitation projects, and redevelopment in a formal submission to Shri Pramod Sawant, […]
Navi Mumbai: To Reduce Noise and Air Pollution, NMMC Task Force Will Visit Construction Sites Every Week
The Navi Mumbai Municipal Corporation (NMMC) has established a specialized task force to examine construction sites every week around the city. The force was established to investigate the noise and sound pollution that the city’s ongoing development and building projects are causing. NMMC has been working on a comprehensive Standard Operating Procedure (SOP) to address […]
NITI Aayog’s strategy for MMR’s expansion: From $140 billion to $300 billion in 5 years
Over the next five years, NITI Aayog has set a challenging goal to double the GDP of the Mumbai Metropolitan Region (MMR) from $140 billion to $300 billion. To achieve this, Maharashtra is being advised by the policy think tank of the Center to concentrate on seven important growth areas and draw in $125–135 billion […]