Mumbai has approved over 800 skyscrapers since 2008, mostly in Central Mumbai's former mill lands. The High-Rise Committee evaluates their impact on infrastructure and environment.
MumbaiReal EstateSkyscrapersHighrise CommitteeFloor Space IndexReal Estate MumbaiSep 28, 2024
The HRC is a panel of experts that examines development proposals for tall buildings and assesses their overall impact on infrastructure and environment.
FSI is a measure of the ratio of the total floor area of a building to the area of the plot on which it is built.
Over 800 high-rise buildings have been approved in Mumbai since 2008.
The G-South ward, encompassing Worli, Prabhadevi, Mahalaxmi, and Lower Parel, has the highest number of skyscrapers in Mumbai.
Experts caution that rapid vertical growth, fueled by the government's lenient policies on FSI, raises pertinent questions about the city's ability to cope with the unrelenting construction activity and its impact on the environment and infrastructure.
The merger of Secunderabad Cantonment Board with GHMC is expected to bring in a slew of benefits for property owners, residents, and builders, including lower stamp duty rates, streamlined approvals, and improved infrastructure.
The accused, posing as a Securities and Exchange Board of India (SEBI) agent, cheated 25 people of over ₹11.34 crore, with the potential scam amounting to ₹400 crore and 500 victims.
The recent surge in the cryptocurrency market has sparked a new wave of interest in real estate investments through decentralized finance (DeFi) platforms. Rexas Finance (RXS) is leading the charge, offering innovative solutions that bridge the gap betwee
Mr. Vedanshu Kedia, Director of Prescon Group, highlights that South Mumbai is regaining prominence in the real estate market due to transformative infrastructure projects such as Metro Line-3 and the Coastal Road.
Over 59% of respondents now view real estate as the best investment option, followed by the stock market which is favoured by 31% in the current scenario.
HoABL Infraworld Pvt Ltd has purchased the iconic American Center building in South Mumbai for Rs 56 crore, marking a significant real estate milestone in the city.