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.
Nielsen India Media Pvt Ltd and its subsidiary company, Whats On India Media Pvt Ltd, have leased out a massive 1.52 lakh sq ft office space in Goregaon East, Mumbai, for a whopping ₹3.87 crore monthly rent.
Former Maharashtra chief secretary Manoj Saunik takes over as the new chairman of the Maharashtra Real Estate Regulatory Authority (MahaRERA)
Delhi-NCR's luxury housing market witnesses significant growth, driven by affluent buyers' preference for enhanced amenities and NRIs' investments.
The Mumbai property market witnessed a decline in registrations in September, with a 14% drop compared to the same period last year. This decline can be attributed to various factors, including the Shraadh period and the overall slowdown in the real estat
Under the leadership of Chief Minister Eknath Shinde, the Maharashtra government is aggressively pushing forward with numerous infrastructure projects to drive economic growth and achieve its vision of becoming a trillion-dollar economy.
Ahmedabad leads the pack with the highest rental yields in India, clocking in at 3.9%, according to a recent report by Magicbricks. Other cities like Hyderabad, Kolkata, and Pune are also seeing significant increases in rental returns.