Mumbai's pursuit of economic growth is coming at the cost of its sustainability, threatening the city's future. The city's authorities have failed to address its ecological challenges, and the consequences are already being felt.
MumbaiSustainabilityEcologyEconomyClimate ChangeReal Estate MumbaiAug 05, 2024
Mumbai's growth has come at a significant cost to its sustainability, threatening the city's future.
The decision has led to a loss of green cover and has put a strain on the city's water resources.
The Mumbai Climate Action Plan is a plan released two years ago that suggested ways forward for the city's ecology. However, it is not a statutory plan, and the State government and BMC are not bound to follow it.
The NITI Aayog and the State government have pegged Mumbai's GDP at $140 billion in 2023 and project it to touch $300 billion by 2030 as the Mumbai Metropolitan Region (MMR).
The isolationist approach has led to a lack of coordination between Mumbai and the MMR, which are closely tied economically and demographically.
The Bombay High Court has directed Principal District Judges to provide details of cases pending against MPs and MLAs, aiming to expedite trials and ensure accountability.
Bollywood superstar Aamir Khan has expanded his Mumbai real estate portfolio with the purchase of a luxury apartment in Pali Hill for INR 9.75 crores, reflecting his confidence in the city's property market.
Kolte-Patil Developers' CFO resigns as the company expands its presence in Mumbai and Bengaluru, with over 64 projects developed and constructed.
According to the latest analysis by Knight Frank India, Hyderabad is leading the pack in growth among six major Indian cities, primarily driven by a surge in real estate demand.
Suraj Estate Developers, a notable player in the construction and real estate sector, has been given a 'Hold' rating by MarketsMojo. The company’s strong financial performance, including a 20.50% ROCE and significant profit margins, underscores its manage
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