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.