A prominent heritage group has moved the Supreme Court against a recent judgment by the Bombay High Court concerning the Madhugiri area in Mumbai. The group claims that the HC's decision has significant implications for the preservation of historical site
MumbaiMadhugiriHeritage PreservationSupreme CourtBombay High CourtReal Estate MumbaiMar 16, 2025
The Madhugiri area is known for its rich historical and cultural significance, including several ancient structures that are considered crucial parts of Mumbai's cultural heritage.
The heritage group moved the Supreme Court to challenge the Bombay High Court's judgment, which they believe could lead to the demolition of historical structures and the displacement of local communities.
The primary concerns of the heritage group include the incorrect property registration card, the alignment of the Mumbai Metro, and the reservation of school land, all of which have caused delays and added complexity to the project.
The heritage group hopes that the Supreme Court will take a comprehensive view of the case and ensure that the historical and cultural significance of the Madhugiri area is preserved, while also addressing the development needs of the city.
The stakeholders in this legal battle include urban planners, conservationists, local residents, and government authorities, all of whom have vested interests in the outcome of the Supreme Court's decision.
India's retail sector is poised for a major expansion, with a massive 45 million square feet of new retail space expected to be added over the next 5 years.
Despite being the largest economy among Indian states, Maharashtra grapples with significant rural poverty and urban inequality, raising concerns about the sustainability of its growth.
Property Share Investment Trust launches India's first small and medium real estate investment trust scheme, PropShare Platina, to raise Rs 353 crore.
Private equity (PE) investments in the Indian real estate sector witnessed a 4% decline in the first half of fiscal year 2025, marking a slight slowdown in the market. Despite this dip, industry experts remain optimistic about the sector's long-term growt
The Directorate of Enforcement (ED) has seized assets worth INR 56.86 crore from Krrish Realtech and its associates, highlighting significant issues in the real estate market. The investigation into financial misconduct and money laundering underscores th
In 2024, a total of 79 million sq ft of office space was leased across nine major Indian cities, marking a 16% year-on-year growth. Bengaluru, Hyderabad, and Pune accounted for a significant portion of the new office spaces added.