Tag: Redevelopment in Mumbai

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Mumbai Housing Societies Toughen Stance on Builders in Redevelopment

MUMBAI: Traditionally, developers have wielded considerable influence in the real estate market. However, housing societies planning redevelopment are now shifting dynamics in their favor. With builders eager to secure redevelopment rights, these societies are negotiating aggressively, often making “unrealistic demands” for their properties. Market insiders report that housing societies are seeking additional space, hardship compensation, and relocation amounts that exceed prevailing market standards by as much as 15%–25%. Alongside standard area matching and displacement compensations, many are requesting excess amenities and significant hardship payments per member. Some expectations extend beyond what’s feasible, with societies demanding extensive additional area, substantial displacement…

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Mumbai: MHADA Lawyer’s Role in Girgaum Redevelopment Delay

MUMBAI: A confidential report from MHADA’s legal department has confirmed that the critical Section 79A notice issued to Parekh Estate Pvt Ltd has never been revoked. This contradicts earlier claims made by MHADA panel advocate Priyanka Chavan during a writ petition in front of the Bombay High Court this year. According to an internal memo dated November 14, 2025, “the 79A notice issued to the landlord…has not been revoked by this office.” It further indicates that there are no documents reflecting any revocation and that the matter falls under the jurisdiction of the Dy. Chief Engineer (Zone II), not the…

Latest StoriesResidential

Mumbai: JVPD Bungalows Yield to Buildings as Families Expand

MUMBAI: In the early 1970s, Bollywood icons like Amitabh Bachchan, Dharmendra, Shatrughan Sinha, Rakesh Roshan, and Jeetendra found refuge in the serene Juhu-Vile Parle Development Scheme (JVPD) for its privacy and abundant green spaces. Spanning 200 acres, JVPD consists of 42 acres designated for internal roads, featuring 702 plots and 14 cooperative societies. Originally planned in the 1950s as a middle-class neighborhood with modest two- to three-story buildings, the area is now experiencing a redevelopment boom, with property prices soaring to Rs 70,000 to Rs 80,000 per square foot in luxury towers. Anand Pandit, a renowned builder and Bollywood producer,…

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Malabar Hill Redevelopment: Ultra-Luxe Towers Transform Skyline

MUMBAI: Malabar Hill, the peak of affluence in south Mumbai, is experiencing significant changes as redevelopment projects take root in this upscale area. While long-standing residents watch in dismay as old structures are set for demolition and heavy machinery arrives, Mumbai’s top developers are clinching lucrative agreements with housing societies. The emergence of new skyscrapers has raised concerns among locals regarding Malabar Hill’s ability to handle increased construction. One developer’s brochure states, “Such opportunities are rare in Malabar Hill—South Mumbai’s most prestigious address, where new developments are nearly unheard of. We are excited to introduce a limited selection of private…

Latest StoriesResidential

South Mumbai Societies Enticed by Luxe Lunches for Redevelopment

MUMBAI: This weekend, a prestigious luxury hotel in South Mumbai will host meetings for affluent residents of a prime housing society on Altamont Road, one of the most expensive residential areas in India. Three of Mumbai’s top developers will separately present their redevelopment proposals. The competition for these prime properties is expected to be fierce, as new apartments can demand prices exceeding Rs 1.5 lakh per square foot. On Saturday, a notable developer from Goregaon has reserved a large banquet hall at the hotel. The following day, another major developer will host a lunch at an entire restaurant located on…

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Mumbai Residents Worry About Builder-Committee Nexus in Redevelopment

Representative image created by AI Residents of a housing society in Khar were taken aback to discover that some members of the managing committee indulged in an all-expenses-paid trip to Bangkok, sponsored by a builder. The son of the society chairman, who runs a small software firm, secured contracts worth ₹6.5 crores, while his sister, a doctor, landed a high-ranking position at a hospital. Meanwhile, the secretary of another society, who owns a printing press, received a lucrative deal to print annual reports for a construction firm. In a society located in Vile Parle, a female committee member has taken…