Maharashtra Chief Minister Devendra Fadnavis has unveiled plans for 'Third Mumbai,' a major new city in Raigad district. This ambitious project aims to expand the Mumbai Metropolitan Region by integrating international universities, medical colleges, and advanced technology hubs.
Third MumbaiRaigadMaharashtraReal EstateInfrastructureReal Estate MaharashtraAug 19, 2025
'Third Mumbai' is a major new city planned for Raigad district in Maharashtra. It aims to expand the Mumbai Metropolitan Region with international universities, medical colleges, and advanced technology hubs.
Key infrastructure projects include the Coastal Road, Atal Setu, and Worli-Sewri Link Road, which will ensure seamless connectivity to existing urban areas.
'Third Mumbai' is expected to reduce real estate costs, attract fresh investments, and create numerous job opportunities for the local population, thereby boosting the local economy.
Public-private partnerships will be crucial in accelerating the development of 'Third Mumbai' by ensuring that businesses are not pushed out by high costs and by leveraging private sector expertise and resources.
'Third Mumbai' is set to handle 60% of the region's data center capacity, which will significantly enhance the region's technological infrastructure and attract tech companies and talent.
The elimination of indexation benefits in the Union Budget 2024 may lead to a significant surge in long-term capital gains (LTCG) tax obligations for property owners, with a potential increase of up to 290% for post-2010 housing assets.
Bollywood actor Manoj Bajpayee's recent sale of an under-construction apartment in Mumbai's Mahalaxmi area for INR 9 crore highlights the ongoing demand in the city's real estate market, which has seen over 10,000 property registrations monthly in 2024.
While the major cities like Delhi NCR, Mumbai, Pune, Bengaluru, Chennai, Kolkata, and Hyderabad continue to dominate retail real estate investment, Tier 2 and 3 cities are set to witness a significant surge in new retail developments. A recent report by J
In the rapidly growing luxury residential real estate market, Parge's startup Qubit introduces Navigo, a groundbreaking tool that offers homebuyers an ultra-photorealistic, real-time look at property premises.
Experts suggest that the festive season is an ideal time for investors to enter the real estate market, driven by favorable economic conditions and a surge in sustainable housing solutions.
According to the latest edition of the Asia-Pacific Prime Office Rental Index for Q3 2024, released by real estate consultancy Knight Frank, Delhi NCR and Mumbai have secured prominent positions within the top 10 real estate markets in the Asia-Pacific re