In the lead-up to the 2024 Maharashtra Assembly elections, the Dharavi constituency has become a focal point of political debate. The main issue at hand is the Dharavi Redevelopment Project, with the ruling Mahayuti alliance backing it as a transformative
Dharavi Redevelopment ProjectMaharashtra Assembly Elections 2024CongressShiv SenaEknath ShindeReal Estate MaharashtraNov 18, 2024
The main issue is the Dharavi Redevelopment Project, a controversial initiative that aims to modernize Asia’s largest slum. The project is supported by the ruling Mahayuti alliance and opposed by the MVA coalition.
Congress has fielded Dr Jyoti Gaikwad, an associate professor of anatomy and sister of former MLA Varsha Gaikwad. The Shinde-led Shiv Sena has chosen Rajesh Khandare, a social worker and former ally of the Gaikwad family.
The MVA coalition, led by former Chief Minister Uddhav Thackeray, has declared that scrapping the tender for the Dharavi Redevelopment Project will be a top priority if they regain power.
Dr Jyoti Gaikwad promises to reshape Dharavi through innovative solutions like a recycling industry policy, mobile waste management applications, and more public spaces. She also vows to halt the Adani-led redevelopment project and draft a community-centric model.
Rajesh Khandare’s campaign focuses on dismantling what he terms 'dynastic politics' in Dharavi. He promises better housing infrastructure and improved living standards, positioning himself as a changemaker.
The Maharashtra Real Estate Appellate Tribunal (MREAT) has set aside a conditional interest payment order by MahaRERA, directing ITMC developers to pay a 2% interest on outstanding amounts without any concessions.
Marriott International, Radisson Hotel Group, and Wyndham are collaborating with real estate developers to launch branded residences in Indian cities such as Goa, Dharamshala, and Gurgaon.
India's real estate investment trusts (REITs) are poised to transform the commercial real estate landscape with a staggering Rs 4.5 lakh crore worth of prime office stock, according to a recent Vestian report.
India's luxury housing market has shown a significant surge, recording a 53% year-over-year growth in 2024. The premiumisation of offerings is expected to remain a strong trend, driven by increasing demand for high-end amenities and prime locations.
Nithin Kamath, co-founder of Zerodha, has ignited a debate by proposing that real estate prices should be tied to air quality. He argues that properties in high-pollution areas should see lower valuations due to the associated health risks.
Mumbai Stands 7th on Prime Global Cities Index Q4 2024, Reveals Knight Frank Report. The robust commercial real estate market in India continues to attract significant attention.