Kanakia Spaces Realty secures a ₹208 crore agreement for the redevelopment of two buildings in Borivali
Kanakia Spaces Realty Pvt Ltd, situated in Mumbai, has obtained development rights to renovate two ancient buildings in the Borivali neighbourhood. Property registration documents reviewed by CRE Matrix show a total value of ₹208.53 crore for the two development agreements (DAs). The two over-50-year-old housing societies in the Govind Nagar district of Borivali, Mumbai, will […]
10 Considerations for Homeowners in Housing Societies Planning Building Redevelopment
In Mumbai’s real estate market, the redevelopment of old housing society buildings has gained significant momentum in recent years. This surge follows the Maharashtra government’s post-Covid-19 waivers for developers, aimed at revitalising the sector. Data from real estate consultancy firm Knight Frank India indicates that redevelopment projects account for approximately 10% to 20% of the […]
12,000 properties were registered in Mumbai City in May, a 22 percent yearly increase
Strong housing demand drove a 22% increase in property registrations to 12,000 units in the Mumbai municipal area in May, according to real estate consultant Knight Frank. Knight Frank India stated that Mumbai city (which is under BMC authority) had almost 12,000 property registrations this month compared to 9,823 units in May of last year, […]