Top Six landlords own more than ten percent of Mumbai’s land
Mumbai is a city where land is limited and possibly the most costly in the country. So, who are the biggest landowners in the city? According to a survey conducted by the Slum Rehabilitation Authority (SRA), the financial capital is home to some of the largest landowners, who control about 20% of all land parcels. […]
Navigating Mumbai’s Redevelopment Surge
The environment in Mumbai is changing to incorporate a slew of redevelopment projects that have already begun or are about to commence. Redevelopment projects are gaining traction in the current scenario due to different government incentives, a scarcity of available land for new construction, and many old and decaying structures that need to be renovated. […]
Cluster Redevelopment in the Spotlight: MHADA Promotes New Approach for Mumbai
Sanjeev Jaiswal, Vice President and CEO of the Maharashtra Housing and Area Development Authority (MHADA), emphasised the significance of redevelopment activities during his remarks at the CREDAI-MCHI Redeveloping Mumbai exhibition at the Bandra Kurla Complex. He stated that MHADA has issued roughly 850 notifications under Section 79(A), 300 notices under Section 79(B), and 70 to […]
MHADA Residential Building Partially Collapses in Mumbai; No Injuries
A piece of a three-story residential structure owned by the Maharashtra government’s housing agency, Maharashtra Housing and Area Development Authority (MHADA), collapsed in Mumbai on Tuesday afternoon, officials said. No one was harmed in the incident, and the building, which had 30 rooms and eight stores, was evacuated, according to officials. The slab and plaster […]
Approx 150 Housing Societies in State Secure Cooperative Bank Loans for Self-Redevelopment
Approximately 150 housing societies in Pune, Mumbai, and Thane have received loans from cooperative banks for self-redevelopment. These housing societies could not carry out self-redevelopment work due to a lack of money. “The loans will now benefit the housing societies,” Deepak Taware, the state commissioner of cooperation and registrar of cooperative housing organisations, stated on […]
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 […]
India’s First 21 Km Underwater Bullet Train Tunnel Progresses to Link Mumbai’s BKC and Shilphata
The tunnel will go from Shilphata to the underground station at Mumbai’s Bandra-Kurla Complex (BKC). Tunnel construction is moving forward quickly, according to National High Speed Rail Corporation executives. Sixteen kilometers of the overall length are being excavated with Tunnel Boring Machines (TBMs), while the remaining five kilometers are being done so with the New […]
Man Infra Secures Rs 1200 Crore Mumbai Project Approval
As the festive season boosts the property market, engineering, procurement, and construction (EPC) firm Man Infraconstruction has received the commencement certificate (CC) for a luxury residential project in Mumbai, according to a release. According to the statement, the forthcoming home project is located in Mumbai’s Vile Parle region and has a sale potential of more […]
BMC collaborates with IIT-B to ensure quality control in city’s road development
As post-monsoon road construction continues in Mumbai, the BMC has enlisted the help of a third-party quality control agency, IIT-Bombay, which would be involved in the entire process, from material testing to surprise inspections. Bhushan Gagrani, BMC’s commissioner and administrator, gave the decision to involve the renowned educational institute. IIT’s engagement is intended to uphold […]