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MahaRERA Issues Warning - Over 300 Real Estate Projects Facing Insolvency

MahaRERA has warned purchasers about 314 housing projects undergoing corporate bankruptcy resolution at the National Company Law Tribunal. A major 236 projects are in Mumbai, 52 in Pune, nine in Haveli, and five each in Ahmednagar and Solapur.

By Admin

  • 14th Oct 2024
  • 1168 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
  • 1165 Views
Mumbai's First Underground Metro Phase Set for Grand Inauguration by PM

Mumbai's first underground metro line is open after delays and controversy. This Saturday, Prime Minister Narendra Modi will open the 12.5 kilometre Aarey-BKC metro line's first phase. The new metro line would cut travel time from Aarey to BKC to 22.30 minutes, down from an hour.

By Admin

  • 6th Oct 2024
  • 1175 Views
L&T Requests Extension to Finalize Coastal Road Tunnel Projects in Mumbai

To finish the Mumbai coastal road tunnels, Larsen & Toubro (L&T) has asked an extension until September 30. Two tunnels are online, but significant integration tasks remain, necessitating this request.

By Admin

  • 4th Aug 2024
  • 1189 Views
Priyanjali Mariwala of Marico Family Acquires Luxury Flat at Signature Island, BKC for INR 65 Cr

Priyanjali Mariwala, a member of the Marico family, bought a luxury flat in Mumbai's Bandra-Kurla Complex (BKC) for 65.25 crore. Sunteck Realty's Starlight Systems constructed Signature Island, an ultra-luxury residential skyscraper with an 8,300-square-foot apartment on the first level.

By Admin

  • 7th Jul 2024
  • 1240 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
  • 1222 Views
Andheri Gokhale-Barfiwala Bridge Connection to be Completed Within a Month - Municipal Update

The Andheri East-West Gopalakrishna Gokhale Bridge is on track to finish by June 30, 2024. The schedule for connecting this bridge to the C.D. Barfiwala Flyover is being followed. The project is actively monitored by municipal authorities and VJTI technical consultants.

By Admin

  • 28th May 2024
  • 1254 Views
Sobha Group Plans Grand Entry into Mumbai's Luxury Housing Market

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.

By Admin

  • 21st May 2024
  • 1269 Views
How Will The 3000 Crore Infrastructure Transformation Impact Mumbai's Future?

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.

By Admin

  • 20th May 2024
  • 1324 Views
Godrej Properties Set to Launch INR 30,000 Crore Worth of New Residential Projects

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%.

By Admin

  • 7th May 2024
  • 1273 Views
Lodha Targets INR 21,000 Crore in New Projects Amid Booming Indian Real Estate Market

Lodha, known as Macrotech Developers, expects robust housing market expansion in 2024-25. Over ₹21,000 crore in new projects are planned by the corporation, after a ₹20,300 crore boost last year.

By Admin

  • 28th Apr 2024
  • 1276 Views
2000 Metric Ton Arch Bridge Set for Erection in Mumbai Coastal Road Project

A monumental 2,000-metric-ton arch bridge, integral to the Mumbai Coastal Road project, embarked on its voyage from Mazagon Dock's Nhava unit at 12:30 PM recently.

By Admin

  • 26th Apr 2024
  • 1255 Views
Bombay High Court Considers Goregaon for New Complex Amid Delays in Bandra Site Development

After learning that the 30 acres in Bandra East may not be finished until 2026, the Bombay High Court examined Goregaon for its new court complex. Due to government personnel living on 13 of the 30 acres, the State Public Works Department (PWD) indicated only 13 will be removed by March 2025.

By Admin

  • 21st Apr 2024
  • 1323 Views
Dosti Realty To Launch a Redevelopment Project in Thane

With its Thane project, Dosti Realty is pioneering large-scale social regeneration. This ambitious makeover, with a BUA of 6 to 6.5 lakh square feet, is expected to produce Rs 430 crore. Opening in 2024-25, the project is scheduled to finish in 2027.

By Admin

  • 31st Dec 2023
  • 1369 Views
Raymond Limited to Infuse Rs 301 Crore in Ten X Realty, Aiming to Expedite Work on Mumbai Real Estate projects

Raymond Limited, a name synonymous with quality and trust, has announced a strategic investment of Rs 301 crore in its step-down wholly-owned subsidiary, Ten X Realty Limited (TXRL).

By Admin

  • 5th Oct 2023
  • 1395 Views
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