Tag: Mumbai

InfrastructureLatest Stories

MMRDA Gains 216 Acres in Raigad for Mumbai 3.0 Project

Representative image The Mumbai Metropolitan Region Development Authority (MMRDA) has commenced the Mumbai 3.0 project, successfully aggregating 216 acres in the Raigad district and formally adopting a shareholders’ agreement to transition into the execution phase. This land acquisition is targeted in the Raigad Pen growth corridor, where the New Town Development Area for Mumbai 3.0 is being envisioned. This marks a significant milestone under MMRDA’s participatory land acquisition framework, which has garnered enthusiastic support from local landowners. “Mumbai 3.0 signifies a transformative era in urban planning, centered on community involvement. Through this model, we aim to foster trust and facilitate…

IndustryLatest Stories

Maharashtra Launches 60 Private Property Registration Centers in July

Representative AI image PUNE: Property buyers and sellers in Maharashtra are set to benefit from quicker registrations and enhanced services as the state registration department gears up to introduce 60 privately operated registration centers starting this July. Inspired by the “passport seva kendra” model, these centers aim to simplify the registration process, albeit at an added cost to citizens. They will work alongside the state’s existing 517 government-operated registration offices. The initiative was first revealed last year by the revenue department and will be carried out in three phases. The initial phase will introduce five centers in high-traffic districts like…

IndustryLatest Stories

900+ Acres of Mhada Layouts to Be Redeveloped in Mumbai

Certainly! Here’s a rewritten version of the given content, keeping the core information intact: Representative Image MUMBAI: In the coming years, a dozen Mhada layouts, covering 923 acres throughout the city, will be redeveloped, facilitating the rehabilitation of 75,445 residents currently living there, according to Sanjeev Jaiswal, vice-president and CEO of Mhada. The rehabilitation process is expected to take place over 5-10 years following the start of construction. During a media briefing on Friday, Jaiswal shared that some of the redevelopment projects have already been awarded, while tenders are being invited for others. Specifically, redevelopment proposals for the 250-acre Charkop…

IndustryLatest Stories

Mumbai: Four Bidder Contest for BMC’s ₹1,348 Crore Plot

Representative AI image MUMBAI: After the Supreme Court’s clearance over a year ago, the BMC is nearing the appointment of a developer for a prime six-acre plot in Lower Parel. Initially receiving a lukewarm response, four major bidders—Shapoorji Pallonji, K Raheja Corp, Peddar Realty (JSW Group), and Keystone Realtors (Rustomjee)—have now submitted their offers. “The plot will be leased on an ‘as-is’ basis, with the developer tasked with rehabilitating current occupants as part of the development,” stated an official. Once the proposal secures administrative approval, it will be forwarded to the civic improvements committee, which oversees civic property matters. The…

InfrastructureLatest Stories

MMRDA Begins Land Acquisition for ‘Third Mumbai’ on April 27

Representative image MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) has initiated the land acquisition process for the proposed ‘Third Mumbai’—the Karnala-Sai-Chirner (KSC) New Town—along the Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu corridor. Landowners in 124 villages of Raigad are invited to submit their online consent starting April 27. The MMRDA, recognized as the New Town Development Authority (NTDA), has outlined a 323.44 sq km area that encompasses Uran, Panvel, and Pen talukas. This notice follows a state government resolution from March 16, 2026, establishing the framework for land acquisition, compensation, and allocation. Landowners can choose various compensation methods…

Latest StoriesRegulatory

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…