Mumbai Real Estate: Big Developers Transform Slum-Bay into Luxe-Bay
Piramal Mahalaxmi is a high-end housing project that features luxurious apartments with panoramic views of the Mahalaxmi racecourse and the Arabian Sea. The 2, 3, and 4 BHK flats in three towers promise a “lifestyle filled with luxury, comfort, and extravagance”. Piramal Mahalaxmi is also Mumbai’s tallest slum redevelopment project, managed by the state’s Slum […]
With the Coastal Road Expanding, Is South Mumbai Real Estate on the Verge of a Revival?
On September 12, Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis inaugurated the link between the coastal road’s bow-string arch bridge and the cable-stayed sea link. Urban planners and real estate experts believe the new development will accelerate Nariman Point’s rebirth into a luxury housing, entertainment, and hospitality hotspot. According to the newest […]
MMRCL: Get NOCs Before Starting Mumbai Metro 3 Construction
The Mumbai Metro Rail Corporation Limited (MMRCL) has encouraged developers, housing societies, landlords, and plot owners to get no objection certificates (NOCs) before beginning any construction work along the Colaba-Bandra-Seepz stretch of the Metro 3 line. In a public notice issued on Saturday, the corporation stated that any construction within 100 metres of the two […]
The State Government’s Housing Policy for PAPs is welcomed by CREDAI-MCHI
The state cabinet approved a policy requiring the provision of flats to people displaced by ongoing infrastructure projects during its meeting on Wednesday, marking a significant step toward resolving the housing needs of Project-Affected Persons (PAPs). CREDAI-MCHI, the leading association of real estate developers in the Mumbai Metropolitan Region (MMR), has praised and supported this […]
Ghatkopar Real Estate Scam; 4 developers charged with defrauding of Rs 3.91 crores
The Ghatkopar police have filed charges against Devang, Jaysinh, Maulik, and Nitin Punjala Dave, designated partners of Punjalal G Dave Realtors LLP, for allegedly defrauding a senior citizen of Rs 3.91 crores. The complainant, Sanjay Dhawan (63), a resident of Vidyavihar, reported to the police that his late father, Janakraj Dhawan, had owned two flats […]
MahaRERA will introduce an AI-driven grading system for Maharashtra real estate developments
Soon, Maharashtra homeowners looking to acquire a new property will have access to a useful tool. With the help of artificial intelligence (AI), the Maharashtra Real Estate Regulatory Authority (MahaRERA) plans to introduce a new system that evaluates real estate projects according to important criteria. This system would provide quicker and more accurate results. Announced […]
Mumbai Real Estate: Rental Registrations Surge by 13% in H1 2024, Says Maharashtra IGR Data
In the first half of 2024, Mumbai’s real estate market saw the registration of 1.90 lakh rental agreements, also known as leave and license agreements. This represents a 13% rise compared to the 1.67 lakh agreements registered during the same period in 2023, according to data from the Maharashtra Inspector General of Registration (IGR). These […]
Metro 3 Expected to Elevate Real Estate Prices in Western Suburbs
The introduction of Metro Line 3, known as the Aqua Line, is poised to transform the real estate market in Mumbai’s western suburbs. This major infrastructure project will significantly improve connectivity from Cuffe Parade in the south to SEEPZ in the north, passing through bustling areas such as Worli, Bandra, and Santacruz. With faster travel […]
Mumbai Metropolitan Region to See Increase in RERA-Certified Estate Agents
With the third batch of real estate agents preparing for the online examination conducted by the Maharashtra Real Estate Regulatory Authority (MahaRERA) on November 22, the Mumbai metropolitan region is set to welcome a steady stream of MahaRERA-certified agents. A total of 5,592 candidates have completed the required preliminary training, making them eligible for the […]
Mumbai’s residential property prices have increased by around 50% during the last five years
According to a survey by Anarock, the average price of a home in the Mumbai Metropolitan Region (MMR) has increased by around 50% over the last five years. It ascribed the notable upsurge to increased demand in the cities and surrounding areas. The average cost of a home in the Mumbai Metropolitan Area increased by […]