Mumbai Housing Crisis Deepens: Middle-Class Dreams Outpriced, Even Beyond Manhattan
Across India’s booming cities, homeownership is slipping from aspiration to near impossibility for salaried professionals. In Mumbai, buying an average home now requires 15 years of household income—double New York’s 7.1 years and far higher than London’s 8.5 years. Delhi-NCR demands 12 years, while Bengaluru and Hyderabad hover near 10 years, making India’s metros among […]
Dharavi Redevelopment: Illegal Structures To Face Demolition Based On 2023 Drone Survey
DRP CEO and NMDPL chairman S V R Srinivas stated that the Dharavi Redevelopment Project (DRP) will use a 2023 drone survey conducted by Navbharat Mega Developers Pvt Ltd (NMDPL) as a reference to identify and demolish unauthorized constructions in the Dharavi Notified Area (DNA). Any structures that emerged after the survey will be removed. […]
CIDCO Reschedules Lottery Draw For ‘My Preferred CIDCO Home’ To February 19, 2025
A new date for the computerised lottery draw of the City and Industrial Development Corporation’s (CIDCO) “My Preferred CIDCO Home” housing plan has been announced. The draw was originally scheduled for February 15, 2025, at 11:00 AM, however it has been rescheduled for February 19, 2025, from 2:00 PM to 4:00 PM. The delay’s precise […]
Dharavi Redevelopment: Survey Done for 25,000 Tenements, 60,000 Units Numbered
According to a statement released on November 28 by Dharavi Redevelopment Project Pvt Ltd (DRPPL), a joint venture between the Adani Group and the Maharashtra government, survey work for 25,000 tenements has been finished, and 60,000 dwellings have been numbered since the exercise started in March of this year. The corporation started the survey in […]
Mumbai: Real Estate Sector Celebrates the Approval of PMAY-U 2.0 by Ensuring Housing for All
Over the course of the next five years, this project seeks to give one crore urban poor and middle-class households financial support so they can build, buy, or rent homes at reasonable prices. The Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 was approved by the Union Cabinet on Monday, and the real estate industry in the […]
PM Modi 3.0’s significant housing project under PMAY, welcomed by real estate experts
Prime Minister Narendra Modi’s new Union Cabinet made a bold decision just hours after taking office for a historic third consecutive term on June 10: to support the construction of an additional three crore rural and urban homes under the Pradhan Mantri Awas Yojana (PMAY). The goal of this large-scale project is to support the […]