Maharashtra has taken significant strides to tighten coastal security, focusing on ports, ferries, and the verification of identification documents to prevent illegal activities and ensure public safety.
Coastal SecurityPortsFerriesIdentification VerificationPublic SafetyReal Estate MaharashtraApr 30, 2025
The main security measures include the introduction of advanced surveillance systems, increased security personnel, biometric verification systems, and thorough checks and screenings for authorized access.
The verification of identification documents, such as Aadhaar cards and official worker ID cards, is crucial to prevent the entry of illegal workers and ensure that all individuals are properly documented.
Safety protocols for ferries include regular inspections, maintenance, security checks for passengers, and the installation of surveillance cameras to monitor onboard activities.
The public is being involved through awareness campaigns and community outreach programs, which encourage residents and workers to report any suspicious activities or individuals to the authorities.
The government has allocated a significant budget for the maintenance and upgrading of security infrastructure, including funding for the training and equipping of security personnel, the installation of advanced surveillance systems, and the continuous monitoring and evaluation of security protocols.
The removal of indexation benefit for real estate properties is expected to increase tax outgo for sellers, affecting the demand in the Indian real estate market.
Private equity investment in the Indian real estate sector surged to USD 2.2 billion (INR 186 billion) in Q3 2024, marking a 93% growth year-over-year and doubling the investment volume from the same period last year.
The Rishabh Family Trust, owned by Rajiv Bajaj, has recently purchased a significant property in Pune, including land and a bungalow, for Rs 72 crore, according to real estate consultant Square Yards.
K Raheja Corp has agreed to purchase a 5.75-acre land parcel in Mumbai for ₹466 crore, with plans to develop a high-end residential project.
Former Environment Minister Jairam Ramesh criticizes Goa Chief Minister Pramod Sawant for prioritizing real estate development over forest conservation.
Mumbai's office space market has seen a significant surge in absorption, growing by 63% in the first quarter of 2025. This robust growth is driven by a combination of factors, including economic stability, increasing demand from tech companies, and strategic investments in commercial real estate.