14,000 Hutments To Be Rebuilt Under City’s First Cluster Redevelopment Project In Andheri
Mumbai has moved forward with one of its largest slum redevelopment initiatives, with the rollout of a 100-acre cluster redevelopment project in Andheri West. Located around the Gilbert Hill area, the project is the first to be implemented under Maharashtra’s newly introduced cluster redevelopment policy and is expected to reshape a densely populated section of […]
Dharavi Redevelopment Among India’s Most Complex Real Estate Projects: HSBC Global Investment Research
The Dharavi Redevelopment Project (DRP), regarded as one of the largest urban renewal programmes in the world, represents one of the most demanding real estate execution challenges in India, according to a report by HSBC Global Investment Research. In its report, “One of the world’s largest urban regeneration projects,” HSBC highlighted the enormous scale of […]
South Mumbai Sees Redevelopment Deals Worth Over Rs 726 Crore As Luxury Housing Market Gains Momentum
South Mumbai’s premium real estate market continues to witness strong redevelopment activity, with five major transactions worth more than Rs 726 crore recorded across some of the city’s most sought-after neighbourhoods over the past 18 months. According to data compiled by Zapkey.com, the deals were registered between September 2024 and March 2026 and span prominent […]
Curtain Falls On Air India’s Kalina Colonies As Final Residents Move Out
A significant chapter in Mumbai’s aviation history is drawing to a close as the last residents of the Air India and Indian Airlines staff colonies in Kalina prepare to vacate their homes. Spread across 184 acres, these residential complexes, some dating back to 1955, represented Air India’s final physical connection to the city where the […]
Adani Wins Bandra Reclamation & Worli Redevelopment Bids; JSW-Led Consortium Secures SVP Nagar Project
The Maharashtra Housing and Area Development Authority (MHADA) has identified the successful bidders for the redevelopment of three prominent Mumbai neighbourhoods—Bandra Reclamation, Adarsh Nagar in Worli, and Sardar Vallabhbhai Patel (SVP) Nagar in Andheri West. Adani Properties Pvt. Ltd. has emerged as the preferred developer for the Bandra Reclamation and Adarsh Nagar projects, while a […]
Mumbai SRA Scraps Majority Of Joint Venture Slum Redevelopment Projects Over Delays & Poor Progress
Mumbai’s Slum Rehabilitation Authority (SRA) has cancelled most slum redevelopment projects that were earlier planned under joint venture arrangements with various government agencies after reviews revealed limited on-ground progress in several schemes. The move impacts 181 out of 228 projects proposed under the joint venture model across Mumbai and parts of the Mumbai Metropolitan Region […]
MMRDA Plans Rs 9,285 Crore Auction Of Prime BKC Plots To Fund Mumbai Infrastructure Projects
Mumbai Metropolitan Region Development Authority (MMRDA) is preparing to raise nearly Rs 9,285 crore through the auction of nine premium commercial and residential plots in Mumbai’s Bandra-Kurla Complex (BKC). The authority plans to utilise the revenue generated from the land transactions to finance major infrastructure projects across the Mumbai Metropolitan Region (MMR). According to an […]
MHADA Plans Up To 20% Price Cut On Unsold Mumbai Flats Under FCFS Scheme
Maharashtra Housing and Area Development Authority is considering a price reduction of 10%–20% on more than 50 unsold flats in Mumbai that were offered under its First Come, First Served (FCFS) scheme, in a bid to boost demand. The move comes after a portion of the inventory failed to attract buyers despite being opened for […]
Mumbai Sees Premium Duplex Lease In Andheri West Reflecting Shift In Luxury Rental Trends
Mumbai’s western suburbs have witnessed a notable high-value duplex lease in Andheri (West), highlighting evolving trends in the city’s premium rental housing segment. The transaction is being seen as indicative of changing tenant expectations and more flexible leasing structures in the upper-income housing market. The leased residence is located within a well-established residential cluster along […]
Developers Drive BMC Revenues In FY26 With Rs 11,626 Crore Contribution
Real estate developers emerged as the largest contributors to the Brihanmumbai Municipal Corporation’s (BMC) revenues in the financial year 2025–26, depositing Rs 11,626 crore through premiums and development charges. This figure significantly exceeded the civic body’s highest-ever property tax collection of Rs 7,610 crore recorded in the previous year, underscoring the scale of construction activity […]