Explore the transformation of Mumbai from a bustling city to the expansive Mumbai Metropolitan Region (MMR), and the significant real estate developments that have shaped the region.
MumbaiMmrReal EstateUrban ExpansionSuburbsReal Estate MumbaiFeb 27, 2025
The Mumbai Metropolitan Region (MMR) is an extended urban agglomeration that includes the city of Mumbai and its surrounding suburbs and exurbs, such as Thane, Navi Mumbai, Panvel, Kalyan, Karjat, and areas beyond Virar.
Mumbai has expanded from its original 16 km length to a 40 km length incorporating the suburbs, and now as the MMR, it has a typical length of 120 km, including extended suburbs and exurbs.
The challenges include ensuring sustainable growth, managing traffic congestion, and preserving the environment while accommodating a growing population and economic activities.
New and mixed-use developments in the MMR are significant as they transform existing suburbs, provide better quality of life for residents, and boost economic growth through integrated urban planning.
The real estate market in MMR has evolved to offer a wide range of housing options, from affordable to luxury, and has seen substantial residential and commercial development, driven by economic opportunities and urbanization.
The real estate sector is hoping for a boost from the new government, with fine-tuning of RERA, industry status, and a relook at GST on under-construction homes topping the agenda.
The Ministry of Statistics & Programme Implementation (MoSPI) recently organized a brainstorming session to improve response to surveys from high-income groups and gated societies.
Senior lawyer and former Rajya Sabha MP Mahesh Jethmalani has strongly criticized the indictment against the Adani Group in the United States, stating that there is no allegation of bribery in India and the case is speculative and lacks evidence.
Analysts are optimistic about the future performance of HUDCO, Anant Raj, and other key stocks in the real estate and manufacturing sectors. The target price for HUDCO is set at Rs 900 to Rs 950 per share, expected to be achieved within the next 12-18 mon
Vishal Garg, the founder and CEO of Better.com, has announced the shutdown of the company's real estate unit, leading to significant layoffs. This decision comes amidst a challenging period for the mortgage industry.
The Mumbai real estate market is entering a phase of stability, a positive sign for developers, investors, and homebuyers alike. According to Prashant Sharma, President of NAREDCO Maharashtra, the market is showing promising signs of recovery and growth.