The state cabinet accepted the transfer of 140 acres of Malwani and Aksa property from the suburban collector for the ambitious Dharavi Redevelopment Project. Land will be utilised for rental homes for slum inhabitants ineligible for free housing under the project.

The Maharashtra Housing and Area Development Authority (MHADA) would increase application opportunities. In March and June 2025, the Mumbai Board will hold a lottery for 3,000 residences. Patrawala Chawl in Goregaon may provide 2,500 of these dwellings.

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.

Mumbai has growing urbanisation and a dense population, making real estate redevelopment both a solution and a difficulty. The city suffers legal, logistical, and regulatory challenges due to ageing infrastructure and decrepit homes. How can these be resolved?

The government reduced Mumbai's saltpan and mangrove slum redevelopment building area from 80% to 65%. BMC manages the remaining 35% for open space amenities. This comes seven months after the original construction ban in eco-sensitive zones.

The revolutionary new Ajmera Realty launch, Ajmera PVLR Bhandup, will change Mumbai life. A new Bhandup property provides 1 BHK and 2.5 BHK flats beginning at ₹64.99 lakhs, with a flexible Bullet Payment Plan of 25:25:25:25, making owning more affordable and easy.

Mumbai will invest INR 3000 Crore in infrastructure in 2024 to close a two-decade development gap. Eight major road and rail projects will improve connectivity, travel times, and the city's worldwide competitiveness in this ambitious makeover.

In Mumbai, where 40% live in slums, finding a house is difficult. Despite government pledges, many slum redevelopment programmes are unfinished or controversial. Example: Hari Nagar-Shivaji Nagar SRA Housing Society.

The core suburb of Dombivli in Mumbai is undergoing a major change. This busy business district is becoming a focus for luxury residential developments and integrated townships. This change in the real estate paradigm is driven by Dombivli's strong connectivity, making it appealing.

This is great news for Malad West real estate, inhabitants, and Mumbai suburbs. The Mumbai Metropolitan Region Development Authority (MMRDA) is the special planning authority for 1,387 hectares (3,427 acres) along Malad's western shore, reports said.

The Indian real estate industry had a great 2023! Indian property markets saw some of the largest transactions ever. Lots of action—acquisitions, IPOs, new project launches. 2023 has set up the Indian real estate sector for future growth.

The Reserve Bank of India's fifth straight repo rate hold at 6.5% is likely to boost the Indian property industry, especially Mumbai house sales.

Bengaluru-based Prestige Group, a real estate giant, is planning to transform urban landscapes across Delhi-NCR, Bengaluru, Hyderabad, Chennai, Mumbai, and Goa. With a Bengaluru trial project, they are also targeting elder living.

Mumbai realtors, under CREDAI-MCHI, have petitioned the Maharashtra government for policy changes to lower rising property prices, which are hurting the city's economy.

This week, the Mhada Mumbai Board will begin collecting applications for its impending lottery for 4,083 apartments and tenements. The application deadline is June 26, 2023, and the draw is scheduled for July 18, 2023.