Rents Rise 7.4% QoQ Across 13 Cities, Mumbai Tops the Charts
According to Magicbricks’ Q3 2024 rental report, average rentals in 13 major Indian cities increased by 7.4% on a quarterly basis, to Rs 35.8 per square foot per month, the largest increase in two years. At Rs 86.50 psf, Mumbai is the most expensive rental market, followed by Delhi at Rs 37.55 psf and Navi […]
Navi Mumbai Redevelopment Fuels Parking Woes
Once hailed as the “City of the 21st Century,” Navi Mumbai is currently reeling from its explosive expansion. Residents complain that parking problems, which are already severe, are getting worse as redevelopment changes the cityscape. Increased traffic and a lack of parking spots, particularly in central sectors, are the results of the growth of new […]
MIDC Opens Navi Mumbai Land for Housing, Stirring Pre-Election Controversy
The Maharashtra Industrial Development Corporation (MIDC) has decided to offer up property in the Thane-Belapur area for residential complexes, raising alarms only days before the electoral code of conduct goes into effect on October 15th. This judgement concerns redeveloping encroached property in the industrial estate, representing a substantial shift in regional land use policy. The […]
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 […]
CIDCO approved long standing demand for land ownership for Navi Mumbai
The City and Industrial Development Corporation (CIDCO) has approved a proposal to convert leased land within its authority to freehold, so granting the property owners absolute ownership. This is a significant move that would affect thousands of individuals and various cities, most notably Navi Mumbai. Furthermore, there will be no fees associated with the sale, […]
Ample Funds Secured for Koli Bhawan: CM Shinde
“The Koli community’s members are direct and accepting. They never act in a way that is hypocritical. The Koli community’s members conduct themselves honestly in business. Chief Minister Shri Eknath Shinde stated, “We are creating a spectacular building for them and we would make sure that funding do not run out for this construction. Chief […]
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 […]
Navi Mumbai: NMIAL Issues Notices to Housing Societies, Clarifies Height Survey Process
Three days after the Navi Mumbai International Airport Pvt Limited (NMIAL) letter asking for building height details caused homeowners and campaigners to get alarmed, NMIAL said that this was standard operating procedure. In order to ensure that the building in question complies with the terms of the notice sent by the Central Government and DGCA, […]
CIDCO Calls for Tenders on Kharghar-Belapur Coastal Road to Strengthen NMIA Links in Navi Mumbai
For the design and construction of the Coastal Road, which would link Jalmarg Sector 16 in Kharghar with Belapur, the City and Industrial Development Corporation (CIDCO) has issued an invitation to tender. After the contract is awarded, the project is anticipated to be finished in 30 months, including the monsoon season. The Ministry of Environment, […]
Navi Mumbai: Building Collapse, HC rejects Bail Plea of the Builder
The builder of the Indira Niwas building in CBD Belapur, Navi Mumbai, which collapsed on July 27 and killed three occupants while injuring two others, has had his request for pre-arrest bail denied by the Bombay High Court. “The (preliminary) inquiry reveals the applicant’s role in the crime and highlights concerns regarding the role played […]