Costly Parking In Mumbai Raises Infrastructure Concerns
Maharashtra Transport Minister Pratap Sarnaik recently unveiled a daring strategy to alleviate the state’s escalating traffic jams, which sparked intense debate around Mumbai. Particularly in the Mumbai Metropolitan Region (MMR), the new regulation seeks to eliminate traffic and indiscriminate parking by tying proof of parking to car ownership. Sarnaik underlined in an interview with Network18 […]
Adani’s USD 3 Billion Dharavi Project To Integrate Housing & Modern Commercial Spaces
The Maharashtra government has issued the beginning certificate, thus starting the USD 3 billion Dharavi Redevelopment Project, which is being managed by the Adani Group. The first phase of this huge project, which spans a 6.4-acre railway land lot in Matunga West, Mumbai, is underway. With 600 acres of total land, the project intends to […]
Luxury Apartments Dominate 2024 Sales Record: JLL Report
According to JLL’s most recent report, India’s residential real estate market hit a historic milestone in 2024 with 302,867 unit sales, an 11% year-over-year growth. This surge represents a 63% increase in annual sales for the post-pandemic period (2022-2024) compared to the average of the previous decade (2010-2019), reflecting a strong post-COVID shift towards homeownership […]
K Raheja Corp Strengthens Footprint With Rs 466 Crore Kandivali Land Acquisition
According to property registration documents obtained by CRE Matrix, Mumbai-based K Raheja Corp has agreed to pay Rs 466 crore for 5.75 acres of land in the Kandivali neighbourhood of Mumbai. Market reports claim that K Raheja Corp intends to use the land piece for the development of a residential complex. The developer purchased the […]
Construction Begins For Advanced Coast Guard Training Ship In Mumbai
On Monday, a ceremony officially kicked off the construction of an Indian Coast Guard (ICG) training ship at Mumbai’s Mazagaon pier. Senior ICG officials and representatives from the warship and submarine producer Mazagaon Dock Shipbuilders Limited (MDL) presided over the ceremony. On October 17, 2023, the training ship construction contract was awarded. The ship will […]
SRA Approves Oberoi Realty For Redevelopment Of Bandra Reclamation Lands
The choice of Oberoi Realty as the developer for the slum restoration program for lands covering roughly 10,300 square meters located in Bandra Reclamation, Mumbai, was confirmed by the Slum Rehabilitation Authority (SRA), Brihanmumbai. The Maharashtra Housing and Area Development Authority (MHADA) is the owner of the aforementioned land. The company anticipates that the development […]
Arkade Developers Sets Sights On Rs 21 Billion With Trio Of New Projects
With the goal of making Rs 21.50 billion, Arkade Developers has announced the rehabilitation of three residential complexes in Mumbai. In their plans for these projects, the company described how 20,232 square meters, or roughly five acres, will be developed across important micromarkets in Mumbai’s western suburbs, including Andheri East, Malad West, and Borivali West. […]
Mumbai Sees Record Residential Sales, Premium Housing Demand Soars In 2024
According to a Knight Frank India report released on Tuesday, home prices in the Mumbai Metropolitan Region (MMR), which covers Greater Mumbai, increased by 5% annually in 2024, with a weighted average price of Rs 8,277 per square foot. It claimed that out of the eight cities in the nation, this represents the highest weighted […]
Life On Mumbai’s Coastal Road: Dream Location Or Daily Struggle?
Dreamers and doers have long been drawn to Mumbai, India’s financial hub and ideal city. The city offers stunning vistas and tranquilly amidst the hectic pace of civilisation, thanks to its renowned shoreline and tall skyline. However, Mumbai’s increasing infrastructure needs—a persistent struggle to strike a balance between development, connectivity, and lifestyle—have proven to be […]
Report: Under-Construction Properties Surge, 55% Price Rise In One Year
According to a survey released by Savills India on January 3, the price of under-construction properties has increased by almost 55% in the past year. “Gurugram and Mumbai led the surge in under-construction property values, with increases of up to 55% and 10%, respectively, while Bengaluru and North Goa saw gains of 25% and 16% […]