Real Estate Mumbai
Mumbai's ₹80 Crore Slum Redevelopment Scam: Aashapura Group Under EOW Investigation
A major financial fraud amounting to nearly ₹80 crore has been uncovered in the slum redevelopment project (SRA) in Tilak Nagar, Panchsheel Nagar. The Economic Offences Wing (EOW) has registered an FIR against the directors and partners of Aashapura Group, accusing them of embezzlement, misappropriation of funds, and fraudulent diversion of money.
Real Estate Mumbai
Mumbai's Slum Redevelopment Plan: 86 Developer Bids for 47 Projects
The Brihanmumbai Municipal Corporation (BMC) has received 86 developer bids for 47 slum redevelopment projects in Mumbai, marking a significant step towards sustainable urban transformation.
Real Estate Mumbai
Mumbai's Real Estate Giants Compete for Slum Redevelopment Projects
Top real estate firms have submitted bids for 47 slum redevelopment projects on BMC-owned plots. The highest premium bidders will be selected to transform these areas.
Real Estate Maharashtra
Delhi May Embrace Dharavi Model for Slum Redevelopment
Delhi is considering the Dharavi model for slum redevelopment, aiming to transform its urban landscape and provide sustainable housing solutions.
Real Estate Mumbai
Mumbai Slum Redevelopment: Over 50 Developers Show Interest in BMC Projects
Over 50 leading real estate firms have expressed interest in redeveloping 64 slum clusters on BMC plots. The pre-bid meeting discussed key conditions, incentives, and challenges.
Real Estate Maharashtra
Maharashtra's Ambitious Plan to Build 3.5 Million Homes by 2030
Maharashtra has set a bold target to construct 3.5 million homes by 2030, focusing on inclusive and sustainable housing for the underserved population. The state's housing policy aims to address the growing demand for affordable housing and improve living conditions.
Real Estate Mumbai
BMC Launches 64 Slum Redevelopment Projects in 11 Wards of Mumbai
The Brihanmumbai Municipal Corporation (BMC) has initiated 64 slum redevelopment projects across 11 wards in Mumbai, aimed at transforming slum clusters into high-rise buildings. These projects are designed to provide housing to eligible slum dwellers and generate revenue through the sale of flats.
Real Estate Mumbai
Mumbai's MMRDA Secures ₹1500 Crore Loan for Ghatkopar Slum Redevelopment
The Mumbai Metropolitan Region Development Authority (MMRDA) has secured a ₹1500 crore loan from the Bank of Maharashtra (BoM) to fund the first phase of a ₹8498 crore slum redevelopment project in Ghatkopar. This marks a significant step towards inclusive urban renewal in Mumbai.
Real Estate Mumbai
Shiv Sena UBT Criticizes MMRDA’s Compensation Plan, Insists on In-Situ Housing for Slum Dwellers
The Shiv Sena UBT has strongly criticized the MMRDA's compensation plan for slum dwellers, stating that the offered Rs 25 lakh is insufficient for buying a home in Mumbai. They demand in-situ housing to ensure fair and sustainable relocation.
Real Estate
Redevelopment of Worli Slums Sparks Controversy Over Displacement and Environmental Impact
The redevelopment of Worli slums in Mumbai has sparked significant controversy, with residents, environmentalists, and urban planners raising concerns over potential displacement and environmental degradation. Despite the civic administration's support, the project faces a backlash from various stakeholders.
Real Estate Maharashtra
Maharashtra Government Approves Salt Pan Lands for Dharavi Redevelopment Project
The Maharashtra government has approved the use of salt pan lands for the Dharavi Redevelopment Project, marking a significant step forward in the urban rejuvenation of one of Asia's largest slums.
Real Estate Maharashtra
Bombay HC Reviews Maharashtra Slum Redevelopment Act: Prioritizing Public Service Over Real Estate Ventures
The Bombay High Court has recently reviewed the Maharashtra Slum Redevelopment Act, emphasizing that slum redevelopment should be treated as a public service rather than a real estate venture. This move highlights the need to ensure that the rights of slu
Real Estate
Understanding the Bombay HC Review of Maharashtra Slum Areas Act, 1971
The Bombay High Court has initiated a review of the Maharashtra Slum Areas Act, 1971, raising questions about the balance between real estate development and the welfare of slum dwellers in Mumbai. This article delves into the background, key issues, and
Real Estate Maharashtra
Bombay HC Takes Action: Reviewing Maharashtra Slum Areas Act, 1971
The Bombay High Court has initiated a review of the Maharashtra Slum Areas Act, 1971, a crucial legislation that has shaped slum redevelopment in the state. This move could have significant implications for urban planning and real estate in Mumbai, where
Real Estate Maharashtra
Maharashtra's Housing Dilemma: Encroachers Receive Free Housing
In an unprecedented move, the state of Maharashtra has become the only state in India where encroachers of public land are being provided with free housing. This controversial decision has sparked debates and raised questions about the fairness and long-t
Real Estate Maharashtra
Maharashtra Polls: Candidates in Sion Koliwada Pledge Focus on Slum Redevelopment and Water Supply
In the upcoming Maharashtra polls, candidates in Sion Koliwada are vowing to address long-standing issues such as slum redevelopment and water supply, which have been neglected by political leaders across the board.
Real Estate Maharashtra
Maharashtra Polls: Building Height Restrictions and Slum Redevelopment Key Issues in Vile Parle
Incumbent BJP MLA Parag Alavani faces tough competition from Shiv Sena (UBT) candidate Sandeep Naik and MNS contender Juilee Shende in the Vile Parle constituency.
Real Estate
North Mumbai's Slum Redevelopment: Setting New Standards for In-Situ Rehabilitation
Union Minister Piyush Goyal highlights North Mumbai's progress in slum redevelopment, ensuring families have clean, hygienic homes with essential amenities.
Real Estate Mumbai
Kanakia Spaces to Revamp 2 Borivali Societies: A Boost to Mumbai's Real Estate Sector
Maharashtra Housing Minister Atul Save's call to real estate developers to join the slum redevelopment process has seen a positive response from Kanakia Spaces, which has announced plans to redevelop two societies in Borivali.
Real Estate Mumbai
How Slum Redevelopment Homes in Mumbai Got Bigger Over the Years
Mumbai's slum residents are getting bigger homes, but they aren't necessarily livable. The Adani Group's Dharavi Redevelopment Project promises 350 sqft homes, 50 sqft more than the norm.