The Dharavi redevelopment project has become a battleground for Aaditya Thackeray and Devendra Fadnavis, with the Adani Group caught in the middle. Real estate entities in Mumbai are watching closely as the controversy unfolds.
Dharavi RedevelopmentAaditya ThackerayDevendra FadnavisAdani GroupMumbai Real EstateReal Estate NewsSep 27, 2024
The Dharavi redevelopment project is a multi-billion-dollar plan to transform Asia's largest slum in Mumbai.
Aaditya Thackeray, President of Yuva Sena, and Devendra Fadnavis, Deputy Chief Minister of Maharashtra, are at the center of the controversy, with the Adani Group caught in the middle.
The Adani Group has been awarded the contract for the Dharavi redevelopment project.
The TDR controversy refers to the alleged stockpiling of development rights by the Adani Group, which could be sold for large profits to other real estate entities in Mumbai.
The Yuva Sena, led by Aaditya Thackeray, has expressed concerns over the project and accused the government of handing over large sections of Mumbai to private developers without ensuring enough public benefit.
GCCs' growing demand for office spaces fuels India's commercial real estate growth, with 67% planning to expand their portfolios by 10% in the next two years.
Brigade Group, a prominent real estate developer in India, has launched a significant residential project in Bengaluru's Whitefield. This 20-acre development, with a GDV of ₹2700 crore, aims to enhance the city's urban fabric with sustainable living space
A mobile cancer diagnostic van in Pune has successfully screened over 7,000 individuals, identifying 37 patients with cancer. This initiative has significantly improved early detection and treatment outcomes.
Sangareddy police recently arrested nine individuals involved in the theft of aluminum electrical cables from various real estate developments in the area. The criminals were apprehended following an intense investigation and a series of raids.
Wadhwa Group, a prominent player in Mumbai's real estate sector, is gearing up for an IPO filing next month, targeting a valuation of INR 9000 crore. The move comes amid strong market momentum in the local real estate industry.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a new circular on April 8, 2025, introducing priority access to quick hearings for seven new conditions. This move aims to expedite the resolution of real estate disputes and enhance transparency in the sector.