Redevelopment

MICL has announced plans for a massive redevelopment project in Bandra's Pali Hill neighbourhood. This project, which houses Bollywood star Aamir Khan, will alter the region.

Roha Realty and Sabari Group are partnering to revolutionise luxury living in Chembur with sustainable homes and modern facilities. This joint venture contains a 6 lakh sq-ft real estate project with a Rs 1000 crore revenue target. The project will begin in Q1 FY 24-25.

Bangalore-based Puravankara, one of India's largest real estate developers, won the redevelopment rights for two Lokhandwala, Andheri west housing complexes. Puravankara's initial venture into western suburb redevelopment with this purchase is notable.

According to the Development Control Regulations for Greater Mumbai, Maharashtra has launched a cluster redevelopment project to revitalise Mumbai.

The BMC has devised a policy that has been conceptualised and planned in order to facilitate their pursuit of successful redevelopment and prevent them from making the incorrect decision.

It is imperative that all members choose a developer for redevelopment carefully to avoid problems later.

On August 1, 2023, Pune-based Kolte Patil Developers Limited (KPDL) announced two new society re-development projects in Bangur Nagar, Goregaon west, Mumbai's western suburbs.

Ashar Group to Redevelop Pali Hill Bungalow of Bollywood Legend Dilip Kumar in Bandra West

For its cluster development initiative in Mumbai, the Maharashtra government has given a one-year premium waiver for real estate developers at the rate of 50 percent. The action will likely facilitate the revitalization of older buildings in the city.

Kolte-Patil Developers has engaged into agreements to execute two housing society redevelopment projects with a total saleable area of 7.3 lakh sq ft in the Mumbai Metropolitan Region (MMR).

As part of the #velvetlife concept, Puri Creators inaugurated the show apartment and sales lounge of its residential project, Puri SeleQt.

Prestige Estates has signed a contract to redevelop Shivshahi Housing Society in Worli, South Mumbai