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.

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.

The state government is granting developers Floor Space Index to overcome legal issues regarding salt pan land availability in Dharavi's redevelopment. In return for building rental accommodation for ineligible Dharavi inhabitants, the saleable components of the project will get an FSI of 1.33.

Maharastra has highlighted concerns over 212 housing projects constructed between January and April 2023. Without necessary construction updates, these projects violate rules and have forced MahaRERA to take significant action.

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.

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.

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.

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.

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.

In H1 2024, total absorption in India's warehousing and logistics sector rose 8% from 2023. Vestian Research reported 16.6 million square feet of sector absorption in the first half of 2024. Compared to H2 2023, absorption fell 26%, mostly due to a 74% drop in the National Capital Region.

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.

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.

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.

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.

Signature Global's Titanium SPR residential property in Sector 71, Gurugram, sold well. Boston Consulting Group's digital sales process has generated approximately INR 2700 crore, with further sales likely when the allocation is finalised. This raises the bar for regional luxury homes.