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.
Mumbai Real Estate Upward Trajectory To Continue with Echon's Innovative Building Materials
The visionary leadership and outstanding achievements of Mr. Vijay Jain in the real estate sector were acknowledged and celebrated on the occasion.
A 38-year-old real estate broker, husband of a panchayat ward member, was arrested for allegedly harassing a widow and seeking sexual favours from her in Guduvanchery.
Despite the dip in net profit, Arkade Developers remains optimistic about their expansion into Eastern Mumbai suburbs and a robust pipeline of redevelopment projects. The company's solid balance sheet will continue to support their growth trajectory.
The property registrations in Mumbai surged by 12% in January, reaching a total of 12,418 units, as reported by real estate consultant Knight Frank India.
The Maharashtra government has increased ready reckoner rates, making property transactions more expensive for buyers in Mumbai and the rest of the state. This move is expected to impact the real estate sector significantly.