Chief Minister Fadnavis praises the infrastructure development and the Prime Minister's vision for the monumental win in Maharashtra. The Atal Setu connecting Mumbai to Navi Mumbai is a testament to this progress.
MaharashtraInfrastructureAtal SetuReal EstateChief Minister FadnavisReal Estate MumbaiDec 07, 2024
The IBLA 2024 award is a prestigious recognition given to states and cities for their outstanding achievements in infrastructure and building developments. It aims to highlight and promote best practices in urban and infrastructure planning.
Devendra Fadnavis is the Chief Minister of Maharashtra. He has been leading the state's government and has been instrumental in driving various infrastructure and policy reforms.
The Atal Setu is a long cable-stayed bridge that connects Mumbai to Navi Mumbai. It is one of the longest such bridges in the world and has significantly reduced travel time between the two cities, boosting economic activities in the region.
Key infrastructure projects in Maharashtra include the Atal Setu, the expansion of the Mumbai Metro, the enhancement of public transport systems, and the development of industrial corridors. These projects have collectively contributed to the state's economic growth and improved the quality of life for its residents.
Recent reforms in the real estate market have made it more transparent and investor-friendly. These changes have led to a surge in the construction of affordable housing projects, which are crucial for the state's urban population.
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Maharashtra's booming economy is marred by significant income disparity and rural stagnation.
The RBI's decision to keep the repo rate unchanged at 6.5% for the ninth consecutive time has been welcomed by property developers, who believe it will create a stable environment for the real estate sector.
Higher margins and rapid sales velocity are attracting Bengaluru-based real estate developers to the Mumbai market. Notably, Puravankara Limited, a prominent player from Bengaluru, entered the Pune market in 2017 and has now set its sights on Mumbai.
Real estate experts have observed a significant decline in sales figures across major cities like Pune, Kolkata, Ahmedabad, Hyderabad, Bengaluru, and Chennai. Akshat Shrivastava, a prominent finfluencer, has drawn an interesting parallel between the real