MHADA Set to Enter Student Hostel, Old Age Home, and Rental Housing Markets
For the first time in its 47-year history, the Maharashtra Housing and Area Development Authority (MHADA) will explore a variety of housing options, including shared apartments, rental housing, student housing, working women’s hostels, studio apartments, industrial housing, and senior citizen homes. NITI Aayog’s plan to turn the Mumbai Metropolitan Region (MMR) into a USD 300 […]
Railways Elevate Mumbai: 300 New Locals, 8 Stations Upgraded
With the announcement of 300 new local trains, the renovation of eight important stations, and the construction of a mammoth railway terminal in Vasai, Mumbai’s rail system is set for a revolutionary transformation. Supported by the central government, the ambitious project intends to improve the Mumbai Metropolitan Region’s (MMR) overall infrastructure, passenger comfort, and connection. […]
Hiranandani Estate Sets New Benchmarks in Thane’s Growing Market
With around three dozen infrastructural projects planned, Thane is poised to undergo a radical change and emerge as a major metropolitan centre in the Mumbai Metropolitan Region (MMR). The famous Hiranandani Estate, a 350-acre integrated township off Ghodbunder Road, is riding this wave of development. “Thane’s infrastructure push, including the Virar-Alibaug Multimodal Corridor, the Mumbai […]
CIDCO Unveils ‘Third Mumbai’ with Modern Infrastructure and Enhanced Connectivity
CIDCO’s large NAINA (Navi Mumbai Airport Influence Notified Area) urban planning effort aims to remodel the Mumbai Metropolitan Region by transforming 270 villages in Thane and Raigad districts into well-planned urban areas. This third urban development, which covers almost 560 square kilometres, comprises territories in Uran, Panvel, Karjat, Khalapur, and Pen talukas. However, delays have […]
Dosti Realty Eyes IPO, Warehousing, and MMR Redevelopment
Early this year, Mumbai-based Dosti Realty (DRL) announced plans to launch an Initial Public Offering (IPO) in the next 12 to 24 months, as well as a strategic expansion into the Thane and Bhiwandi storage and logistics sectors. Discussions with bankers are presently underway, and the funds raised through the IPO will be used to […]
Hiranandani Group’s REIT Plans Emerge Amid Data Center, Residential Growth
Hiranandani Group is considering launching an office real estate investment trust (REIT). The proposed REIT, which can be defined as a company that owns or finances income-producing real estate in a variety of property sectors, is expected to have a portfolio of approximately 7 million square feet (sq ft) of commercial real estate at the […]
Certus Capital invests Rs 150 crore in two residential projects within MMR
Certus Capital invested Rs 150 crore in two mid-market real estate developments in the Mumbai Metropolitan Region. These projects have a combined income potential of more than Rs 750 crore and are being developed by seasoned real estate developers JSB Group and Dynamix Group. These investments were made for Earnest.me, Certus Capital’s digital, secured debt […]
House of Hiranandani to Invest Rs 12,500 Cr in Mumbai
House of Hiranandani said on Tuesday that it will invest Rs 12,500 crore over the next two years to construct several Mumbai Metropolitan Region (MMR) projects. According to a statement, the business plans to invest Rs 12,500 crore in five MMR projects. The investments, funded by equity and internal accruals, will cover the cost of […]
Arkade Developers Targets Rs 4,000 Crore Revenue from Ongoing Projects
Amit Jain, chairman and managing director of Arkade Developers, estimates that its ten ongoing projects in the Mumbai Metropolitan Region (MMR) have a revenue potential of Rs 4,000 crore. On Monday, the business announced the inauguration of a luxury residential and commercial property in Bhandup, Mumbai Metropolitan Region. The three-acre project is expected to generate […]
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 […]