Explore the fascinating journey of Mumbai's growth, from a small 16 km stretch to the expansive Mumbai Metropolitan Region (MMR), and discover how the city's suburbs and exurbs have transformed over the years.
MumbaiMmrReal EstateUrbanisationSuburbsReal Estate PuneFeb 28, 2025
The Mumbai Metropolitan Region (MMR) is an expansive urban agglomeration that includes the city of Mumbai and its surrounding suburbs and exurbs. It is one of the most populous and economically significant regions in India.
Mumbai's size has increased from a 16 km stretch (Colaba to Mahim) to a 40 km length (Colaba to Dahisar) and now extends to a 120 km length as the MMR, incorporating areas like Thane, Navi Mumbai, and Raigad.
This phrase describes the rapid population growth and urban expansion of Mumbai, which has led to increased pressure on infrastructure and resources, making it difficult to manage the city's growth.
New development in MMR includes the transformation of existing suburbs through new residential and commercial projects, mixed-use developments, and urbanization of exurban areas.
Economic opportunities, such as job availability and business potential, have been a major driving force behind the urbanization and real estate development in MMR, attracting people from various parts of the country.
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.