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real estate in mumbai

Badra PWD colony

Maharashtra Government to Scrap Bandra PWD Colony Redevelopment

The Maharashtra state government has planned to shelve the plans of redeveloping the PWD government colony in Bandra (East). The main reason quoted for this is the delay in starting the redevelopment of the colony as well as the tight financial situation of the builders. Redeveloping Bandra PWD colony The PWD colony in Bandra (East) […]

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mhada loses 1 crore

MHADA Loses 1,000 Crore in Redevelopment Project

The Maharashtra Housing and Area Development Authority (MHADA) is expected to have lost close to Rs. 1,000 crore in a redevelopment project in Goregaon (West), according to its internal audit. The redevelopment was pertaining to the Patrawala Chawl, a MHADA colony in Siddharth Nagar, Goregaon (West). The chairman of housing board’s repair and reconstruction board […]

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Proper Development Plan Holds Key for Better Social Amenities in Mumbai

The development plan (DP) for the city of Mumbai for the period of 2014-2034 is currently under way and Mumbai’s hopes for better social amenities are pinned on this plan. The development plan is a blueprint for developing the city for 20 years in which, land is reserved for various purposes depending on citizens’ needs. […]

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Mumbai to See Demand Surpassing Supply in Next Five Years

According to experts, the city of Mumbai will see the demand for housing units enormously outstripping the supply in the next five years. According to Cushman & Wakefield, a global real estate consultant, Mumbai may expect an additional demand of approximately 2,25,000 units in the next 5 years while the supply is expected to be […]

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FSI For Redevelopment Projects To Be Increased

With plans of increasing redevelopment of old dilapidated buildings in Mumbai, the stakes of redevelopment are high. With increasing stakes, the Maharashtra state government has decided to hike the incentive FSI available for redevelopment projects from 2.5 to 3. With the recent collapses of buildings in Mumbai and Thane, about 5,000 old and dilapidated buildings […]

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