The Maharashtra government's decision to transfer 256 acres of salt pan land to the Dharavi Redevelopment Project Pvt Ltd has sparked controversy, with environmentalists and opposition leaders expressing concerns about the potential harm to Mumbai's fragi
Salt Pan LandsMumbaiDharavi Redevelopment ProjectAdani Realty GroupMaharashtra GovernmentEnvironmental ConcernsFloodingEcosystemSustainable DevelopmentReal Estate MaharashtraOct 03, 2024
The Dharavi Redevelopment Project is a joint venture between Adani Realty Group and the Maharashtra government aimed at building rental housing for slum dwellers in Mumbai.
Environmentalists are concerned about the ecological impact of the project, as salt pan lands play a crucial role in protecting the city from flooding and are home to valuable ecosystems.
A significant 31% of Mumbai's salt pan lands, approximately 1,672 acres, lies in residential and commercial areas, making them prime targets for development.
The Maharashtra government has given the green light to transfer 256 acres of salt pan land to the Dharavi Redevelopment Project Pvt Ltd.
Reclamation and construction on salt pans is a suicidal mission undertaken by the Govt, putting lakhs of people in peril due to floods, according to environmentalist Stalin D.
Pune's vibrant real estate market has experienced rapid changes over the past few years, with strong housing price increases and ongoing changes in market dynamics.
Dalmia Nisus Finance Investment Managers exits its investment from the Real Estate Credit Opportunities Fund - I (RECOF-I) with a significant 19% IRR, marking a successful venture in the Indian real estate market.
The CAPABLE Program's in-person training phase was successfully conducted at BNCA Pune and IIT Bombay, marking a significant milestone in the development of skilled professionals in the real estate sector.
TheIncome Tax (IT) department has launched raids on the RAMA Group, a prominent real estate developer in Chhattisgarh. The operation includes the offices of Shyam Somani, the President of the Bastar Chamber of Commerce. Despite the ongoing investigation,
Construction costs for greenfield real estate projects have seen a notable increase of 2-4% in 2024, primarily driven by higher input costs. This surge has significant implications for developers and investors alike.
The housing market in India's top nine cities has seen a substantial decline, with supply falling by 34% and sales dropping by 23% in the first quarter of the current year. Key cities such as Mumbai, Delhi-NCR, and Bengaluru have experienced significant s