The Government of Maharashtra has given the green light to a significant redevelopment project in Bandra and Worli, which will transform MHADA colonies into luxurious sea-view homes. The move is expected to boost the real estate market and improve living conditions for residents.
MumbaiReal EstateMhadaRedevelopmentSeaview HomesReal Estate MumbaiApr 09, 2025
MHADA stands for Maharashtra Housing and Area Development Authority. It is a government agency responsible for developing housing projects and urban areas in Maharashtra, India.
The redevelopment project covers MHADA colonies in Bandra and Worli, two prime locations in Mumbai known for their proximity to the sea and urban amenities.
The new homes will be high-rise buildings equipped with modern amenities such as elevators, security systems, and well-maintained common areas. They will also offer breathtaking sea views.
Residents will benefit from improved living conditions, modern facilities, better access to public amenities, and enhanced property values. They will also receive support during the relocation process.
The government has approved the redevelopment project and is ensuring that the welfare of current residents is a top priority. It is also working on rehousing and resettlement plans to ensure a smooth transition for the residents.
Mumbai Police arrests Kamala Mills owner Ramesh Gowani in a fraud case involving Rs 67.50 crore
Anant Raj Cloud joins hands with Google to develop robust data center infrastructure, catering to India's rapidly growing digital economy
The Arkade Developers IPO is generating significant interest among investors. The company, a prominent player in the Mumbai real estate market, has opened its IPO for subscription from September 16 to September 19, aiming to raise ₹410 crores through this
Aditya Birla Real Estate, a leading company in the diversified real estate sector, witnessed a positive trend in its stock performance, outperforming the sector by 2.73% on October 23, 2024.
Aditya Birla Real Estate has made a significant move by acquiring a large plot of land in Boisar, Maharashtra, for ₹104.3 crore. This strategic acquisition is a key step in the company's ambitious real estate growth plans.
New Delhi, Jan 14 (PTI) The share of new and resale properties listed on the real estate platform Magicbricks was almost equal during the fourth quarter of 2024, reflecting a balanced market trend.