The Municipal Corporation of Greater Mumbai (BMC) has presented a robust budget of over Rs 74,000 crore for the financial year 2025-26. The budget focuses on enhancing infrastructure, improving public services, and promoting sustainable development in the
Mumbai BudgetBmcInfrastructure DevelopmentPublic HealthAffordable HousingReal Estate MumbaiFeb 04, 2025
The total budget allocated by the BMC for the financial year 2025-26 is over Rs 74,000 crore.
Rs 15,000 crore has been allocated for infrastructure projects, including the expansion of the metro network and the construction of new flyovers and bridges.
Rs 10,000 crore has been set aside for the improvement of healthcare facilities and public health initiatives.
Rs 7,500 crore has been allocated for the development of schools and educational institutions.
Rs 3,000 crore has been allocated for the improvement of waste management and sanitation services.
Real estate giant Macrotech Developers has made a significant move by acquiring 10 land parcels in the fiscal year 2025, marking a major step in their expansion plans. The company intends to develop these parcels into housing projects worth ₹23,700 crore, signaling a strong commitment to the housing market.
The Centre has approved 1,13,400 houses for the poor in Jharkhand under the PMAY-G scheme. PM Modi virtually distributed sanction letters to 32,000 beneficiaries and released the first instalment of Rs 32 crore.
The UBVS is registered with the Election Commission of India and the Maharashtra State Election Commission. Lawrence Bishnoi, a prominent name in the political circuit, has received an offer to contest the upcoming Maharashtra elections in 2024.
Magicbricks' advanced machine learning-powered tool PropWorth provides accurate property valuations for apartments, independent houses, and villas across 30 cities
SI Investments, led by Sunder Iyer, has acquired over 1% stake in Suraj Estate Developers, a prominent player in South Central Mumbai's real estate market, demonstrating faith in the company's growth potential.
A recent report highlights the significant growth in housing sales across nine major cities, reaching a total of Rs 6.73 lakh crore in 2024. The real estate market is expected to continue its upward trajectory with new supply entering the market.