The Rs 1,100 crore elevated corridor linking MTHL and Mumbai-Pune Expressway will be completed by Feb 2027. Developed by MMRDA, it includes two six-lane corridors to ease congestion on NH-348 & NH-48, improving connectivity and boosting economic growth in the region.

Maharashtra is set to launch a transformative housing policy focusing on affordable homes, cluster redevelopment, and infrastructure upgrades. The initiative includes 100,000 new homes, 800,000 additional units, and growth hubs to boost employment and economic development.

The real estate industry is urging tax benefits, infrastructure status, and policy reforms in Budget 2025 to boost housing demand and economic growth. Here’s what experts are recommending.

Indian corporates are leveraging the real estate boom by monetising non-core assets, unlocking capital, reducing debt, and boosting financial health. This strategy sharpens focus on core operations while driving economic growth through infrastructure and job creation.

October 2024 saw record property registrations in Mumbai owing to a good purchasing season. Mumbai's property registration revenue is estimated at ₹1,081 crore as of October 29, 2024, as reported by Maharashtra's IGR. An increase of 52% from the ₹712 crore recorded on Diwali in November 2023.

Mega projects in Mumbai are improving commuting, decreasing pollution, and boosting economic development. Bridges, metros, and roads are changing how the city moves, linking critical neighbourhoods and enhancing quality of life.

Nine significant infrastructure projects have been approved for the Mumbai Metropolitan Region (MMR), enabling transformational development. The MMRDA is leading efforts worth approximately ₹12,546 crore to improve 56 km of roads, bridges, and pedestrian walkways, promoting regional connectivity.

Mumbai's commerce and business sector benefited from the Jawaharlal Nehru Port Authority (JNPA) awarding industrial plots in its Navi Mumbai Special Economic Zone (SEZ) for almost twice the reserve price to nine winning bidders. This exceptional land demand shows the region's economic potential.

In Budget 2024, India allocates heavily on housing, infrastructure, and livelihood initiatives to boost rural and urban growth. Government strategies promote inclusive growth and economic stability, benefiting millions across. Find Ghar.tv budget analysis.

The Pradhan Mantri Awas Yojana (PMAY)'s financial assistance for 30 million more housing units will boost affordable housing and move closer to the government's goal of housing for all.

The Indian real estate business is poised for a major change: industry recognition. This decision will boost growth and the sector's economic contribution.