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INR 57 Cr Fraud Allegation - FIR Filed Against Wadhwa Group for Goregaon Project Default

Mumbai’s Wadhwa Group faces an FIR for ₹57 crore fraud, accused of breaching financial commitments in a stalled Goregaon housing project. The case, now with the Economic Offences Wing (EOW), stems from alleged contract violations and unfulfilled payments to Policon Realtors.

By Admin

  • 13th Mar 2025
  • 1169 Views
Adani Group Wins Massive Rs 36,000 Crore Motilal Nagar Project in Goregaon West, Mumbai

Adani Properties has outbid competitors to secure Mumbai's prestigious Rs 36,000 crore Motilal Nagar redevelopment project spanning 143 acres in Goregaon. This marks the conglomerate's second major Mumbai urban renewal venture after the Dharavi project.

By Admin

  • 12th Mar 2025
  • 1178 Views
MHADA Aligns Lease Rents with Ready Reckoner Rates: A Paradigm Shift in Mumbai's Housing Sector

MHADA is linking lease rents to Ready Reckoner rates, impacting tenants in Mumbai's MHADA colonies. Lease rent revisions, commercial hikes, and policy updates will reshape housing costs. Stay informed about the latest changes and their impact.

By Admin

  • 5th Mar 2025
  • 1171 Views
MHADA Targets 8 Lakh Homes in 5 Years, Prioritizes Affordable and Rental Housing

MHADA has announced plans to construct 8 lakh homes in the next five years, prioritizing affordable and rental housing for mill workers, dabbawallas, and lower-income groups. The initiative aims to boost urban redevelopment and enhance housing accessibility across Maharashtra.

By Admin

  • 21st Feb 2025
  • 1190 Views
640 Families Set to Return to Redeveloped Patra Chawl, Siddharth Nagar, Goregaon West After 15-Year Wait

More than 15 years after vacating their homes, 640 families from Patra Chawl in Goregaon West are finally set to return, following a long-drawn redevelopment marred by financial scandals and political controversies.

By Admin

  • 15th Feb 2025
  • 1199 Views
MHADA Prepares for Large-Scale Redevelopment of 13,000 Cessed Buildings in South Mumbai

MHADA is set to redevelop 13,000 aging cessed buildings in South Mumbai, starting with a structural audit of 1,000 properties by March. This initiative aligns with Maharashtra’s 100-day action plan, aiming to ensure safety and improve living conditions.

By Admin

  • 15th Feb 2025
  • 1257 Views
Maharashtra's Game-Changing Housing Policy Set to Redefine Urban Living

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.

By Admin

  • 2nd Feb 2025
  • 1226 Views
Bangalore-based Prestige Group to Lead INR 7000 Crore Housing Redevelopment in Bandra

Prestige Group, along with RC Group and Valor Estate, is launching a ₹7,000 crore redevelopment in Bandra, Mumbai, transforming 19 housing societies across four acres into modern residential complexes.

By Admin

  • 25th Dec 2024
  • 1248 Views
2025 Offers a Glimmer of Hope for Affordable Housing Buyers in MMR

To tackle housing demand and clear unsold inventory, MHADA’s Konkan Board has launched a bold campaign, bringing affordable homes closer to reality for MMR buyers. Here’s what it means for you.

By Admin

  • 8th Dec 2024
  • 1210 Views
Why the Disparity in MHADA Home Prices? Understanding the 2023 and 2024 Variations in Affordable Housing

The Maharashtra houses and Area Development Authority has long promised affordable houses. However, a recent decision has caused major changes in low-income property pricing between 2023 and 2024.

By Admin

  • 10th Oct 2024
  • 1301 Views
Exciting News for MHADA Lottery Applicants as Another 300 Homes to be Available in Early 2025

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.

By Admin

  • 9th Oct 2024
  • 1260 Views
5 Reasons Why 2 Lakh New Flats in 3 Years Will Transform Mumbai and Pune's Housing Market

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.

By Admin

  • 3rd Sep 2024
  • 1284 Views
What Are The Key Challenges & Opportunities in Mumbai's Real Estate Redevelopment, and How Can Stakeholders Navigate Them Effectively?

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?

By Admin

  • 19th Aug 2024
  • 1317 Views
Dharavi Redevelopment Project Seeks Over 330 Tenements

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.

By Admin

  • 27th Jun 2024
  • 1305 Views
MHADA to E-Auction Mumbai Non-Residential Shops on June 27, 2024

The MHADA Mumbai Housing and Area Development Board is set to hold an e-auction for the sale of 173 non-residential shops on June 27, 2024.

By Admin

  • 23rd Jun 2024
  • 1401 Views
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