The ruling Shiv Sena has accused certain Muslim real estate developers in Mumbai of engaging in 'housing jihad' within slum rehabilitation projects, sparking controversy and debates over religious bias and urban development.
Shiv SenaSra ProjectsHousing JihadMumbaiReal EstateReal Estate MumbaiFeb 21, 2025

The Slum Rehabilitation Authority (SRA) is a government body established in 1995 to manage and oversee the rehabilitation of slum dwellers in Mumbai. The SRA works closely with private developers to provide adequate housing solutions to slum dwellers and to redevelop slum areas into modern, livable spaces.
The main goals of the SRA projects are to provide adequate housing to slum dwellers, improve living conditions, and redevelop slum areas into modern, livable spaces. The SRA works with private developers to build multi-storied buildings that can accommodate the existing slum dwellers and also create additional housing.
The controversy revolves around the accusations made by the ruling Shiv Sena party that certain Muslim real estate developers are engaging in 'housing jihad' by resettling only Muslim families in SRA projects. The party claims this is a form of religious segregation and a threat to the city's social fabric.
The Muslim community and the accused developers strongly refute these allegations, arguing that the SRA projects are open and transparent processes where all eligible slum dwellers, regardless of their religion, are given equal opportunities to be resettled.
The government has promised to investigate the allegations thoroughly. However, some stakeholders are skeptical about the impartiality of such an investigation, given the political stakes involved.

The real estate sector is hoping for a boost from the new government, with fine-tuning of RERA, industry status, and a relook at GST on under-construction homes topping the agenda.

The Ministry of Statistics & Programme Implementation (MoSPI) recently organized a brainstorming session to improve response to surveys from high-income groups and gated societies.

Senior lawyer and former Rajya Sabha MP Mahesh Jethmalani has strongly criticized the indictment against the Adani Group in the United States, stating that there is no allegation of bribery in India and the case is speculative and lacks evidence.

Analysts are optimistic about the future performance of HUDCO, Anant Raj, and other key stocks in the real estate and manufacturing sectors. The target price for HUDCO is set at Rs 900 to Rs 950 per share, expected to be achieved within the next 12-18 mon

Vishal Garg, the founder and CEO of Better.com, has announced the shutdown of the company's real estate unit, leading to significant layoffs. This decision comes amidst a challenging period for the mortgage industry.

The Mumbai real estate market is entering a phase of stability, a positive sign for developers, investors, and homebuyers alike. According to Prashant Sharma, President of NAREDCO Maharashtra, the market is showing promising signs of recovery and growth.