Mumbai airport will suspend flight operations for six hours on October 17. The suspension is expected to impact air travel in Mumbai and suburban areas. Real estate experts believe the upcoming metro line will boost the South Mumbai real estate market, pa
Mumbai AirportFlight OperationsSuspensionReal EstateMetro LineReal Estate MumbaiOct 05, 2024
The Mumbai airport is suspending flight operations for six hours on October 17 for maintenance and upgradation work.
The metro line is expected to boost the South Mumbai real estate market, particularly benefiting middle-class homebuyers.
The Mumbai airport is operated by the Adani Group.
The Adani Group has been investing in sustainable energy solutions, such as solar power, to reduce the airport's carbon footprint.
The flight operations suspension is expected to last for six hours, from 11 am to 5 pm.
The Aaiji Group has already completed two real estate projects in the region, with two more under development.
Bollywood actress Amrita Singh has recently acquired a residential apartment in Juhu, Mumbai, for ₹18 crore, as per property registration documents. Cricket legend Zaheer Khan has also joined the trend, investing in a high-end property in the city.
To safeguard the interests of homebuyers, MahaRERA has issued guidelines to a real estate developer in Thane, Mumbai, ensuring that all legal documentation for properties is transparent and clear.
Real estate data analytics firm CRE Matrix has reviewed the registered lease agreements, revealing that CitiCorp Services India has rented a significant 7.71 lakh sq ft office space in Pune, with a monthly rent of Rs 6.78 crore.
The expansion will require 7.3 million square feet of real estate and 3.8 billion USD in capital. Mumbai will maintain its leadership, while Chennai is also set to see significant growth.
Mumbai's suburbs are rapidly becoming a hotspot for luxury housing. Real estate consultants in the Mumbai market share insights on the cost and demand for these premium properties in India's major cities.