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 […]
Mumbai: 14-Year-Old Complaint Against Developers Over Redevelopment Breach Accepted by Consumer Commission Despite Delay
An important step forward has been taken: after a 14-year delay, the Suburban Mumbai District Consumer Dispute Redressal Commission has decided to accept a complaint against developers Shabir Shaikh and Ravikant Mishra. A Malad resident named Maria D’Silva filed the lawsuit, alleging that the developers in a 2010 reconstruction project had broken their contract. The […]
Mumbai: Delhi Sikh Committee Demands Action Over Chembur Gurudwara Redevelopment Failure
The Mumbai Police Commissioner has received a complaint from the Delhi Sikh Gurudwara Management Committee (DSGMC) requesting that office bearers of the Maitri Park Cooperative housing society in Chembur and Shoden Developers be booked for their failure to repair a Gurudwara following its demolition. The complaint claims that the Sikh community’s religious feelings were offended […]
CREDAI-MCHI urges GST revision to boost redevelopment and affordable housing in Mumbai
The Mumbai Metropolitan Region’s (MMR) top real estate association, CREDAI-MCHI, has demanded a thorough examination of the Goods and Services Tax (GST) system as it relates to the real estate business. The organisation expressed concerns about the effects of GST on affordable housing, rehabilitation projects, and redevelopment in a formal submission to Shri Pramod Sawant, […]
Mumbai: House of Hiranandani to Invest ₹3,200 Crore in 15-Acre Redevelopment Project in Chembur
With an investment over Rs 3,200 crore, House of Hiranandani has secured agreements to construct five housing societies in the Chembur neighbourhood of Mumbai. These projects offer more than 1.7 million square feet of development potential over a 15-acre area. While searching for comparable opportunities in other important areas, the company is presently obtaining the […]
How the Dharavi redevelopment plan will alter Mumbai’s appearance
Adnan Syed, 24, celebrates winning `1 lakh with his team during the T10 Dharavi Premier League cricket event. The competition, sponsored by the Adani Group, intends to revitalize Dharavi, the biggest slum in Asia. The `5,029 crore project is beset with difficulties because of Dharavi’s importance in politics, the economy, and culture. Redevelopment is met […]
Redevelopment of Maharashtra Mantralaya to receive FSI of 5, fungible FSI of 35%: PWD
The Mantralaya building, the Maharashtra government’s administrative headquarters in Mumbai, is slated to undergo a massive renovation that would encompass the 55,000 square meter annexe building, ministers’ mansions, staff quarters, and adjacent gardens. An official from the project’s nodal agency, the Public Works Department (PWD), stated that the redevelopment project will gain from a Floor […]
Members of the Matunga Housing Society contest the Bombay HC’s redevelopment appointment
A portion of the members of the Matunga Kapol cooperative housing organization have filed an appeal with the Bombay High Court due to disagreements with Vallabh Developers’ selection to rehabilitate their 84-year-old, run-down structures. A high court appeal was brought by thirty-seven members of the society contesting the Divisional Joint Registrar’s (DJR) order rescinding Vallabh […]
Redevelopment of Society Unlocking Housing Stock
Indian cities are blighted by crumbling buildings and aging infrastructure. Redeveloping the current older housing stock appears to be the key to increasing the stock of available dwellings. Housing societies that are 30 to 50 years old are in desperate need of major structural repairs throughout cities. But either the financial burden is too great […]
Redevelopment of 388 historic MHADA buildings is still stuck in a dead end
Up to 27,373 unit owners are still waiting with no end in sight, ten months after it seemed that an impasse in the redevelopment of 388 old and dilapidated buildings belonging to the Maharashtra Housing and Area Development Authority (MHADA) had been broken. The Maharashtra government released a notification in November of last year to […]