Explore the fascinating journey of Mumbai's growth from a compact city to the sprawling Mumbai Metropolitan Region (MMR). Discover how the region has evolved and the challenges it faces.
MumbaiMmrReal EstateUrbanizationDevelopmentReal Estate MaharashtraFeb 27, 2025
The Mumbai Metropolitan Region (MMR) is a metropolitan area that includes the city of Mumbai and its extended suburbs. It covers a typical length of 120 km and incorporates several districts and towns such as Thane, Navi Mumbai, Panvel, Kalyan, and Karjat.
Mumbai has grown from a 16 km length (Colaba to Mahim) to a 40 km length (Colaba to Dahisar) to a 120 km length (Colaba to Palghar) as the MMR. This growth has been driven by economic opportunities and urbanization.
The MMR faces challenges such as traffic congestion, environmental degradation, and the need for better infrastructure. These issues arise from the rapid urbanization and population growth in the region.
The MMR has seen significant real estate development, with both residential and commercial properties sprouting up in the extended suburbs. This has provided more housing options and economic opportunities for residents.
The expansion of Mumbai has brought both opportunities and challenges for its residents. While it has created more job opportunities and improved living standards, it has also led to issues like traffic congestion and environmental concerns.
Real estate property prices in Tier-2 cities are surging, driven by economic diversification, infrastructure development, and reverse migration.
India's real estate sector is set to witness significant changes with SEBI's latest amendments to REIT regulations, effective from July 9, 2024.
Ekamaya Property Private Limited, a subsidiary of Birla Estates, has acquired a 24.5-acre land parcel in Kalwa, Mumbai MMR, for Rs 537.42 crore.
In a move to enhance economic development, Pimpri-Chinchwad Municipal Commissioner Shekhar Singh has approved new financial policies. This decision aims to attract investors and foster growth in the region.
The shares of a major real estate development company surged 1.4% following the board's approval to raise Rs. 6,000 Crore through a Qualified Institutional Placement (QIP).
Infosys co-founder N.R. Narayana Murthy has purchased a lavish second flat on the 16th floor of Kingfisher Towers in Bengaluru. The property was bought from a Mumbai-based businessman through Sadhwani Real Estate Holdings, marking another significant inve