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.
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The author suggests that the Finance Minister consider adding a clarification to treat the date of possession as the date of acquisition for under-construction properties under Sections 54 and 54F to ease litigation and provide clarity to taxpayers.
The Indian real estate market is witnessing a significant shift, with the luxury segment expected to see a surge in demand. This trend is driven by a growing affluent class and a shift in buyer preferences towards high-end properties.
Sumit Woods Limited has secured the green light for a high-end residential project in Borivali, further solidifying its position in the competitive real estate market. The company's Managing Director, Mitaram Jangid, expressed excitement over the developm
A gang of thieves stole 15 tola gold and cash from a couple traveling from Maharashtra to Hyderabad, causing significant distress and financial loss.
The surge in Dubai’s real estate market, driven by expatriate investments, has seen a 70% rally. However, the imposition of tariffs by the Trump administration could undermine these gains.