The Mumbai Metropolitan Region Development Authority (MMRDA) and REC Limited have signed a Memorandum of Understanding (MoU) to invest Rs 1 trillion in the Mumbai Metropolitan Region (MMR). This significant investment aims to bolster infrastructure and development projects, driving economic growth and urban improvement in the region.
MmrdaRec LimitedInfrastructure InvestmentMumbai Metropolitan RegionUrban DevelopmentReal Estate MumbaiApr 09, 2025
The total investment amount under the MoU between MMRDA and REC Limited is Rs 1 trillion.
The key areas of focus for this investment include transportation, power, and social infrastructure such as healthcare and education.
REC Limited is a leading financial institution in the power sector, and their role in this collaboration is to provide financial support for the development of power infrastructure in the MMR.
This investment is expected to boost infrastructure, enhance urban planning, drive economic growth, and improve the quality of life for the region's residents.
The collaboration will benefit the local community by creating job opportunities, improving public services, and attracting further investments to the region.
Mt K Kapital has raised over ₹500 crore for its maiden fund to invest in real estate projects in the Mumbai Metropolitan Region (MMR), with a focus on redevelopment and quick turnaround residential projects.
Delta Corp has announced the demerger of its hospitality and real estate divisions, resulting in the formation of a new entity, Delta Penland Private Limited (DPPL). This strategic move aims to streamline operations and unlock shareholder value.
China's economic slowdown is multifaceted, influenced by declining productivity, real estate issues, demographic challenges, and inefficiencies in research and development. Government policies aim to foster innovation, but significant obstacles remain.
Savills India has announced an unprecedented absorption of 75.2 million square feet in the Indian office market in 2024, marking a significant milestone in the real estate sector. This surge is driven by the tech sector, urbanization, and robust economic
The famous couple, Zaheer and Sagarika, have recently acquired a luxury apartment in Mumbai, worth a staggering Rs 11 crore. Property documents reveal that they paid a stamp duty of ₹66 lakh and a registration fee of ₹30,000 for the acquisition. The total
In a significant move, Ajay Ashar, a close aide of Maharashtra Deputy Chief Minister Eknath Shinde and a prominent real estate developer, has been dropped from the state government's thinktank, the Sanjiv Committee. This decision has been lauded by Sanjay