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The Group of Ministers (GoM) on real estate has eliminated GST exemptions on private long-term land leases, a critical step. Tourism firms requesting exemptions are affected by this ruling. The meeting additionally discussed important subjects including housing society construction service taxation.
- 25th Sep 2024
- 1129 Views
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.
- 21st Sep 2024
- 1141 Views
In a significant push to ease traffic on Ghodbunder Road, a notorious bottleneck for motorists traveling from Mumbai, Thane, and beyond toward Nashik, Gujarat, and Konkan, the Mumbai Metropolitan Region Development Authority (MMRDA) has accelerated the development of alternative routes.
- 21st Sep 2024
- 1149 Views
Indian Proptech Portal GHAR reports that Birla Estates, the Aditya Birla Group's real estate subsidiary, has made a major move in Mumbai. For ₹537.42 crore, the business bought a 24.5-acre block of land in the Mumbai Metropolitan Region (MMR) in Kalwa on the Thane-Belapur Road.
- 15th Sep 2024
- 1146 Views
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.
- 10th Sep 2024
- 1140 Views
An innovative Mumbai-Ahmedabad bullet train station in Boisar, Palghar district, is planned to improve connectivity and infrastructure. This station is ideally located in the Boisar-Tarapur MIDC (Maharashtra Industrial growth Corporation), a major tourist destination, and much more.
- 6th Sep 2024
- 1156 Views
The Mumbai Metropolitan Region (MMR) has seen real estate prices jump 48% in five years. MMR has become one of India's hottest real estate markets due to reduced unsold inventory and rising demand. A detailed look at what caused this massive surge.
- 4th Aug 2024
- 1192 Views
The Mumbai Metropolitan Region Development Authority (MMRDA) plans to lease out seven plots in the Bandra-Kurla Complex (BKC) to earn 5,497 crore. This program finances Mumbai Metropolitan Region infrastructure projects.
- 4th Aug 2024
- 1171 Views
A strategic bond sale by MMRDA to fund INR 50,000 crore will accelerate Mumbai's infrastructure development. MMRDA hopes to overcome its financial issues and forward critical projects that would boost connectivity and growth with state government support and a strong financial plan.
- 7th Jul 2024
- 1218 Views
The Dharavi Redevelopment Project Pvt Ltd (DRPPL), led by Adani Realty, seeks 334 tenements from government agencies like SPPL and Mhada to relocate residents and continue redevelopment. Negotiations are ongoing, with Mhada demanding Rs 641 crore in construction costs and interest.
- 27th Jun 2024
- 1202 Views
Over the previous six years, unsold flat stock in the Mumbai Metropolitan Region (MMR) has dropped 14%. On Thursday, ANAROCK Research said that unsold apartments fell from 2.23 lakh in the first quarter of 2018 to 1.93 lakh by March 2024.
- 25th May 2024
- 1247 Views
Godrej Properties, a significant real estate investor, plans to launch Rs 30,000 crore in residential projects in India's main cities this fiscal year. Due to strong demand, the firm wants to expand sales bookings by 20%.
- 7th May 2024
- 1251 Views
The Indian residential property market reached record highs in the March quarter due to steady economic circumstances and buyer confidence. JLL India reported record residential sales despite increased borrowing rates and property costs.
- 21st Apr 2024
- 1297 Views
Urbanization, an unstoppable force shaping global cities, is transforming Dombivli, a Mumbai Metropolitan Region (MMR) suburb.
- 13th Mar 2024
- 1269 Views
L&T Construction has won a major contract to build multi-storied residential buildings in Thane, Mumbai. This project highlights the company's leadership in high-rise building and dedication to urban improvement.
- 24th Feb 2024
- 1381 Views