Tag: Mumbai Metropolitan Region

IndustryLatest Stories

Raymond Realty Launches Residential Project in Wadala, Mumbai

NEW DELHI: Raymond Realty has unveiled a new residential redevelopment project in Wadala, central Mumbai, with a projected revenue potential of approximately ₹5,000 crore. Spanning a 5.62-acre land area, the development will feature premium 2-BHK and 3-BHK apartments, alongside high-street retail spaces. Harmohan Sahni, the company’s CEO, stated, “This development, with an expected revenue potential exceeding ₹5,000 crore, greatly enhances our long-term value creation strategy while reinforcing our asset-light expansion model.” Currently, the developer is working on over 10 million sq ft of projects across the Mumbai Metropolitan Region and has successfully delivered more than 5,500 homes to date. Published…

IndustryLatest Stories

Embassy Developments to invest ₹4,500 crore in Mumbai housing

NEW DELHI: Embassy Developments (EDL) is planning to invest about ₹4,500 crore to expand its presence in the Mumbai Metropolitan Region (MMR) with three residential projects in Worli, Juhu, and Alibaug. The total gross development value (GDV) of these three projects will exceed ₹12,000 crore, encompassing a combined carpet area of approximately 1.58 million sq ft. Project launches are anticipated to start in the fourth quarter of FY26. In Worli, EDL is set to develop an ultra-luxury residential project featuring a carpet area of around one million sq ft and an estimated GDV of over ₹8,800 crore. This development will…

IndustryLatest Stories

Lodha Developers Q3 FY26 Net Debt Rises ₹800 Cr to ₹6,170 Cr

NEW DELHI: Lodha Developers Ltd. has reported a 15% rise in net debt, reaching Rs 6,170 crore for the October-December period due to aggressive land acquisitions aimed at business expansion. Lodha Developers, a prominent name in the Indian real estate sector, operates under the Lodha brand. According to the company’s operational update, its net debt was Rs 6,170 crore at the end of Q3 for the fiscal year 2025-26, up from Rs 5,370 crore on September 30, 2025. “Despite substantial investments in business development during the first nine months of this fiscal year, our net debt remains at Rs 61.7…

IndustryLatest Stories

Mahindra Lifespaces to Revamp Matunga Residential Project

Representative AI image NEW DELHI: Mahindra Lifespace Developers (MLDL), part of the Mahindra Group’s real estate and infrastructure development sector, has been appointed as the development partner for a residential redevelopment project in Matunga, Mumbai. The project covers approximately 1.53 acres and boasts a gross development value of around ₹1,010 crore. According to its investor presentation, Mahindra Lifespaces plans to execute a bottom-up strategy that includes several new launches and ongoing projects through FY30. Projected new launches are expected to represent 50–75% of annual execution in the next five years, with an increase from ₹2,804 crore in FY25 to ₹9,500…

Latest StoriesRera

MahaRERA Registers 200 Projects in One Day, 809 in Two Weeks

In a significant initiative to expedite project approvals across Maharashtra, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has authorized an unprecedented 200 housing projects in a single day on the eve of Dussehra, totaling 809 applications approved over the last two weeks amidst heightened activity during the festive season. These approvals include new registrations, timeline extensions, and amendments to existing projects, ensuring compliance with technical, legal, and financial standards. The regulator emphasizes that these approvals are part of broader efforts to uphold regulatory integrity while facilitating timely housing project execution throughout the state. The importance of these approvals is underscored…

IndustryLatest Stories

Lodha Developers’ Q3 pre-sales rise 7% to ₹4,570 crore

Realty developer Lodha Developers has reported a year-on-year increase of 7% in pre-sales, totaling Rs 4,570 crore for the quarter ending in September. The company’s collections also saw a 13% growth year-on-year, reaching Rs 3,480 crore. For the first half of the financial year, Lodha’s pre-sales amounted to Rs 9,020 crore, indicating an 8% rise compared to last year. Meanwhile, collections for this period increased by 10%, totaling Rs 6,360 crore, as stated in a regulatory filing. During this quarter, the developer launched a new project in the Mumbai Metropolitan Region with a gross development value (GDV) of Rs 2,300…

InfrastructureLatest Stories

Maharashtra High-Rise Safety Violations: Civil and Criminal Penalties

MUMBAI: All planning authorities in the Mumbai Metropolitan Region (MMR) are mandated to include a specific condition in their development permissions, ensuring compliance with special safety control measures for high-rise construction work at heights. According to a government resolution (GR) from the urban development department, any breaches of these safety conditions will lead to civil and criminal repercussions. “Any violation of the expert committee’s recommendations will be considered a breach of building permissions and may result in legal consequences,” the GR states. Additionally, the resolution asserts that planning authorities must monitor high-rise projects closely to ensure compliance with the expert…

CommercialLatest Stories

Dharavi Redevelopment: India’s Next Prime Business Hub

AI-generated Representative Image The redevelopment project of Dharavi, Asia’s largest slum, is set to introduce a dedicated commercial business district, enhancing both business and employment opportunities amidst one of the most ambitious urban transformations globally. A significant portion of the nearly 600-acre prime land in the heart of Mumbai, India’s financial hub, will be designated for commercial use, aiming to establish a central business district (CBD) that attracts diverse companies. This district is anticipated to feature Grade-A office spaces, premium retail, co-working areas, hotels, and infrastructure support, as per sources involved in the planning. “The commercial area will utilize land…