Residents of Chembur are raising the alarm over the rampant encroachment by garages and garbage sorters, which is rapidly taking over the roads and public spaces in the area. The local community fears that this is just the first step towards further land
EncroachmentChemburMumbaiPublic SpacesReal EstateReal Estate MumbaiNov 09, 2024
The main issue facing residents in Chembur is the rampant encroachment by garages and garbage sorters, which is taking over roads and public spaces, leading to traffic congestion and environmental degradation.
The encroachment poses serious safety risks, including traffic congestion that makes it difficult to navigate through the area and potential dangers for pedestrians, especially children, who have to navigate through crowded and poorly maintained areas.
The encroachment is driving away customers from local businesses due to the traffic and mess, leading to a decline in customer footfall and economic impact.
The BMC is responsible for managing public spaces in Mumbai and has launched occasional drives to remove encroachments, but the efforts have been sporadic and ineffective. A sustained and comprehensive approach is needed.
The residents of Chembur are calling for a multi-pronged approach to address the encroachment problem, including stricter enforcement of existing laws, better planning, and more community involvement.
Discover the top 5 stocks set to trade ex-dividend next week. These companies are poised to announce dividends, providing a great opportunity for investors looking to capitalize on the upcoming payouts. Dive into the details of each company, their market
Neil Murray, a prominent real estate analyst, highlights the potential of India's real estate market, emphasizing its compelling value proposition for investors.
The Reserve Bank of India (RBI) has announced a repo rate cut, which could potentially boost the real estate market by making home loans more affordable for first-time buyers. This decision, announced by RBI Governor Sanjay Malhotra, is expected to have a significant impact on the housing sector.
Discover the booming property market in Sarjapur Road, Whitefield, where property values are increasing by over 8% annually. Explore top investment opportunities at CREDAI Realty Expo 2025.
Mumbai, along with other major cities like Pune, Hyderabad, and the NCR, is a crucial growth hub driven by economic activity, cultural vibrancy, and an increasing population. Explore how Raymond is poised to make significant strides in the real estate sector.
The real estate market in Delhi-NCR has experienced a significant 19% decline in home sales during the first quarter of 2023. This drop is part of a broader trend affecting major cities across India, including Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, and Mumbai. The report provides a detailed analysis of the factors contributing to this decline and the potential implications for the real estate industry.