A recent study highlights a gradual reduction in slum-covered land in Mumbai’s peninsular region, dropping by 8.6% over 17 years. From 47.7 sq km in 2005, the slum area declined to 43.6 sq km in 2022, revealing a dynamic transformation in one of India’s most densely populated cities.

In the next two years, House of Hiranandani, led by Surendra Hiranandani, would invest approximately ₹12,500 crore to increase its development footprint by 10 million square feet in the Mumbai Metropolitan Region (MMR). This strategic expansion will include acquisitions and greenfield ventures.

After 2.5 years of construction, the west-to-east Mith Chowky flyover in Malad will open to automobiles on Sunday, October 6, 2024. For cars driving from Marve and Malwani to Malad railway station, this partial opening might alleviate traffic at the bridge intersection.

After years of environmentalist pressure, the Maharashtra Forest Department is installing a CCTV surveillance system. This Rs 120 crore strategic program monitors 195 "sensitive" mangrove habitats in the Mumbai Metropolitan Region using 669 high-tech cameras.

Maharashtra homebuyers are frustrated with MahaRERA hearing delays, some of which last years. Slow resolution of real estate disputes undermines the Real Estate (Regulation and Development) Act, 2016, which was meant to speed up justice.

Known for its renewable energy solutions, Suzlon Energy sold its headquarters, One Earth, in Hadapsar, Pune, for ₹440 crore to monetise non-core assets and drive expansion. OE Business Park (OEBPPL), backed by 360 ONE Alternates Asset Management funds, bought the land.

The government wants to develop 2 lakh homes in Mumbai and Pune within three years, transforming the housing markets. This ambitious plan seeks to eliminate Mumbai slums, increase MHADA lottery possibilities, and revive SRA projects.

Real estate consultant Anarock reports that residential property prices in India's top seven cities have risen 45% in five years. Due to increased demand and fresh supplies, some micro marketplaces have seen price spikes of up to 90%.

With new regulations, the RBI has changed how housing finance companies (HFCs) can raise and handle public deposits. New rules restrict HFCs from boosting public deposits for more than five years. The RBI has also lowered the deposit limit from three times to 1.5 times net owned funds.

Mumbai Metro 1, which serves Versova-Andheri-Ghatkopar, reached 5 lakh daily ridership. The corridor has never had such a high number on a weekday in its 10 years. Ridership increased due to Metro expansion and good weather.

WeWork India has extended its five-floor, 1.4 lakh-square-foot lease at Goregaon East's Nesco IT Park. It would cost about ₹152 crore over five years for this strategic move.

Real Estate investment always has a growth potential. Currently, the real estate sector is on an upward trajectory, and this trend is expected to continue in the coming years. In such a promising scenario, investing in real estate can lead to substantial returns.

Unsold home inventory in the National Capital Region (NCR) has dropped 57% in five years. Unsold stock fell from 200,000 units in Q1 2018 to 86,420 units in Q1 2024, the greatest drop in the nation.

Sobha India, a subsidiary of the Dubai-based Sobha Group, wants to increase equity capital to ₹10,000 crore in the next five years. This ambitious goal will help the firm develop and enter new markets.

Real estate giant Sobha Group will affect Mumbai's luxury home market. The business plans to treble annual sales bookings to ₹30,000 crore in the next 4-5 years via an aggressive growth strategy.