Tag: Mumbai

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Bombay HC: Mhada Can Use Unclaimed Patra Chawl Flats for Housing

MUMBAI: The Bombay High Court stated on Friday that sufficient time has been provided for all members of the Goregaon Siddharth Nagar Sahakari Griha Nirman Sanstha Limited society to take possession of their tenements. If members fail to act by April 30, 2026, the court will allow the MHADA to repurpose these tenements for public housing. The court also allotted time for society members to address ongoing legal disputes related to the Patra Chawl redevelopment. Any member wishing to occupy flats in the future can be granted possession after providing a three-month notice, according to the HC’s division bench, comprising…

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Adani Acquires 17 Lakh Sq Meters in Motilal Nagar Project

MUMBAI: Gautam Adani, India’s wealthiest individual, is set to receive approximately 17 lakh square meters of land for sale in Motilal Nagar. His group plans to invest ₹1 lakh crore to carry out a redevelopment project in suburban Goregaon, according to a senior government official. The Motilal Nagar Redevelopment Project, spanning 143 acres, has the potential to develop 28 lakh square meters of space. Out of this, more than 10.5 lakh square meters will be allocated to original tenants and the Maharashtra Housing and Area Development Authority (MHADA), as stated by the body’s vice president and chief executive, Sanjeev Jaiswal.…

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Suraj Estate Developers Buys ₹18 Crore Land in Dadar West

NEW DELHI: Suraj Estate Developers has purchased a plot of land in Dadar West, Mumbai, for ₹18 crore, according to a company statement. The deal comprises a cash payment of ₹8.53 crore and an obligation to provide approximately 2,200 sq ft of space to the landowners, bringing the total transaction value to ₹18 crore. Rahul Thomas, the company’s whole-time director, stated, “We are focused on disciplined growth, selective acquisitions, and efficient execution, and we are exploring additional opportunities that align with our strategic objectives.” The company plans to redevelop the land, which has a saleable carpet area of 0.18 lakh…

Latest StoriesResidential

Housing Supply Rises 10%, Prices Up 14% in Q1 2026 Report

NEW DELHI: According to Magicbricks’ PropIndex report, India’s residential real estate market saw a 10.1% year-on-year increase in housing supply during Q1 2026. Property prices also rose by 14.1% across major cities. Active listings in 13 key cities increased by 6.8% from the previous quarter and 10.1% year-on-year, surpassing 1.1 lakh units during January-March. The average residential price has climbed to ₹14,633 per sq ft. However, demand exhibited a slight decline on a sequential basis, dropping 2.2% quarter-on-quarter. Annually, demand remained stable, with a 1.5% increase, totaling approximately 31.7 lakh units. At the city level, demand trends differed—Noida, Chennai, and…

Latest StoriesResidential

Eviction Notice for Seven Dharavi Slum Settlements Before Rains

MUMBAI: Residents of nearly seven slum settlements in Sector 6 of Dharavi have received eviction notices to vacate before the onset of the monsoon or the start of the next academic year. This land, located on Matunga railway property, is set for rehabilitation buildings as part of the Dharavi Redevelopment Project (DRP). DRP officials, part of a special purpose vehicle, stated that prompt cooperation from residents will facilitate timely construction and minimize disruption for those living nearby. Notices have been dispatched to approximately 3,500 households, as the cleared land will make way for ten rehabilitation buildings designed to accommodate 11,000…

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19 Major Mumbai Slums to be Redeveloped Under New Scheme

MUMBAI: The Slum Rehabilitation Authority (SRA) is set to initiate 18 projects in Mumbai, including a 100-acre site in Andheri West near Gilbert Hill, under the state government’s newly launched slum cluster redevelopment scheme. Projects will target clusters of at least 50 acres where over 51% of the area is occupied by slums, including those in coastal regulation zones I and II. Under the scheme, redevelopment can include slums alongside non-slum areas, old and dilapidated buildings, tenant-occupied sites, vacant land unsuitable for construction, and selected private properties. The Andheri site currently contains approximately 14,000 huts and several residential buildings. SRA…

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Dharavi Redevelopment Accelerates: 11,000 Homes Planned

MUMBAI: The redevelopment of Dharavi, Asia’s largest slum, is gaining momentum as the Dharavi Redevelopment Project (DRP) has called upon residents of Sector-6, situated on a 35-acre railway land in Matunga, to cooperate with authorities and vacate their homes to facilitate construction of rehabilitation buildings. The initial phase aims to develop 11,000 tenements of 350 sq ft each in Dharavi’s Sector 6, which has been acquired from Indian Railways across multiple stages. This railway land is a vital part of the Dharavi Notified Area (DNA), originally planned to be mostly vacant and ready for construction. However, the presence of existing…

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Flat Dispute in Mumbai: Developer, Designer’s Kin File Cross FIRs

MUMBAI: A disagreement between a builder and a buyer regarding a flat in Oshiwara has resulted in the filing of cross FIRs. The Oshiwara police have initiated a cheating case against developer Sameer Bhube following a complaint from fashion designer Riyaz Ganji. Simultaneously, an extortion case was registered against Ganji and his niece, Fazila Mukhi, based on the builder’s counter-complaint. According to the complaint, in April 2016, Ganji made a payment of Rs 45 lakh out of a total of Rs 72 lakh for a flat in the Royal Green Project, which is registered in the names of Akil and…

Latest StoriesResidential

Maharashtra CM Calls for Strong Affordable Housing System in Mumbai

File Photo MUMBAI: On Friday, Maharashtra Chief Minister Devendra Fadnavis directed the establishment of an effective system for affordable rental housing in Mumbai, along with the creation of a dedicated portal for public access. Recognizing the influx of individuals moving to Mumbai for employment and entrepreneurship, Fadnavis emphasized the pressing need for housing, asserting that the government must ensure the availability of rental properties at reasonable prices. He underscored the necessity for supply to meet demand and advocated for a coordinated approach to alleviate challenges faced by both landlords and tenants, as indicated in an official statement. Fadnavis also stressed…

Latest StoriesResidential

Maharashtra CM: Cluster Redevelopment to Aid 700K Slum Dwellers

Representative AI image MUMBAI: Approximately seven lakh slum dwellers will benefit from the slum cluster redevelopment scheme, as informed to CM Devendra Fadnavis during the 16th meeting of the Slum Rehabilitation Authority (SRA) on Friday at the Sahyadri state guesthouse. SRA chief Mahendra Kalyankar stated, “Due to the limited response to joint venture projects and stalled schemes, the government has decided to promote integrated and sustainable development under the Slum Cluster Redevelopment scheme, in alignment with the state housing policy for 2025.” He added that the process to identify slum cluster areas is underway. During the meeting, an additional Rs…