Mumbai’s Vertical Growth: Skyscrapers Rising, Challenges Mounting
Mumbai is seeing an unparalleled metamorphosis as the first quarter of the twenty-first century draws to a conclusion. Having been given to the English in 1665, this small port town has grown into a vast city in its 360th year. In 1925, Bombay’s skyline was characterised by mill chimneys on the lowlands and lush trees […]
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 […]
Aaditya Thackeray and Devendra Fadnavis Clash Intensifies Over Dharavi Redevelopment and Adani’s Role
One of Mumbai’s most valuable redevelopment projects, Dharavi, is in the middle of a bitter political and industrial conflict. The multibillion dollar proposal, which pits Aaditya Thackeray’s Yuva Sena against Deputy Chief Minister Devendra Fadnavis, is at the centre of the dispute. The Adani Group is caught in the middle. The idea is to transform […]
Maharashtra Boosts Development Around Mumbai Airport with TDR Incentives
The Maharashtra state government has introduced Transfer of Development Rights (TDR) incentives to speed up development around Mumbai’s Chhatrapati Shivaji Maharaj International Airport. This strategic initiative aims to encourage infrastructure growth and urban planning in the airport’s vicinity, promoting sustainable development and better connectivity. The TDR incentives allow developers to gain additional construction rights in […]
Church tries to save 1,309 square meters of land for Mumbai’s Borivali West public park
A court in Mumbai has decided in favor of the Borivali West church, Our Lady of Immaculate Conception, safeguarding a 1,309 square meter parcel of property designated for a public park. The property is close to the ancient Mandapeshwar Caves. The conflict started when the church was approached by the Brihanmumbai Municipal Corporation (BMC) in […]
Real Estate prices may rise by 25% in Mumbai Suburbs due to TDR rate hike
Mumbai Suburbs’s Real estate prices may increase by approx 25% in next year due to a hike of Transferable Development Rights (TDR) rates. In the eastern suburb of Mulund, TDR rates have risen from ₹3,500 per square foot 6 months ago, to ₹6,000 per square foot. Likewise, in western suburb of Borivali, TDR rates have […]