Maharashtra Hikes Ready Reckoner Rates, Property Prices To Increase
The Ready Reckoner Rates (RRR) modification in Maharashtra is anticipated to raise property prices in the 2025–2026 fiscal year. On April 1st, the revised rates that establish property values for stamp duty and registration fees went into force. According to the State Registration and Stamps Department, the average RRR hike across Maharashtra stands at 3.89%. […]
Rs12,000 Crore Highway To Ease Pune-Mumbai Traffic
A 135-kilometer, four-lane motorway has been proposed by the Maharashtra Public Works Department (PWD) with the goal of easing traffic in Pimpri-Chinchwad and Pune. The project, which is expected to cost Rs 12,000 crore, will link Shirur, Chakan, Talegaon, Shiroli, Karjat, and JNPT (Uran), giving cars going between Marathwada and Mumbai an alternate route. The […]
Mumbai-Pune Expressway Expansion Put On Hold Amid Funding Priorities
The Maharashtra State Road Development Corporation (MSRDC) has temporarily halted the proposed Mumbai-Pune Motorway enlargement in order to focus on other significant infrastructure projects because of budgetary limitations. Following Wednesday’s budget assembly session, senior officials affirmed that the expansion plan was not even brought up. While the project remains a priority, MSRDC has chosen to […]
India’s First Hyperloop To Revolutionise Travel Between Mumbai & Pune
With the launch of its first Hyperloop train, which will link Mumbai and Pune, India is poised for a revolution in transportation. Compared to the current 3–4 hours it takes for traditional trains to travel between the two cities, this state-of-the-art transit system is predicted to decrease that time down to just 25 minutes. Operating […]
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 […]
Developers, Including Lodha And K Raheja, Seek To Deregister 19 Projects
Real estate developers in Maharashtra, including Lodha Group, K Raheja Corp, Puranik, and Lokhandwala Infrastructure, have applied for the deregistration of up to 19 projects in cities like Mumbai, Thane, Pune, Nashik, and Nagpur. Out of the 19 real estate projects, three are up for deregistration by Lodha Group or Macrotech Developers and Palava Dwellers […]
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 […]
Puravankara Boosts Presence with Key Redevelopment Projects in Mumbai
The redevelopment rights for Breach Candy’s exclusive Miami Apartments have been acquired by Puravankara Limited. Spanning slightly over 2,000 square metres, this acquisition marks the developer’s entrée into the ultra-luxury sector of South Mumbai, where property costs are reportedly between INR 125,000 and INR 140,000 per square foot, according to market sources. The company’s foray […]
MHADA Building: Mumbai’s First Student Housing Project to be Located in Tardeo
For its first student housing project in the city, the Maharashtra government has identified a building in Tardeo that is controlled by the Maharashtra Housing and Area Development Authority (MHADA) and contains tiny studio apartments. According to the state housing department’s additional chief secretary, Valsa Nair Singh, the project is a component of Maharashtra’s new […]
The Mumbai-Pune Missing Link Project’s May 2025 deadline has been extended
Despite considerable advancements, the Mumbai-Pune Missing Link Project’s timeline has been extended to May 2025. The project, which intends to shorten travel times and distance between the two cities, is being managed by the Maharashtra State Road Development Corporation (MSRDC). About 85% of the Missing Link Project has been finished since it began in March […]