Mumbai’s real estate market is witnessing a redevelopment surge in prime areas like Bandra and Colaba, driven by rising demand and government incentives. Experts warn of risks amid intense developer competition and price volatility.

Maharastra has highlighted concerns over 212 housing projects constructed between January and April 2023. Without necessary construction updates, these projects violate rules and have forced MahaRERA to take significant action.

To finish the Mumbai coastal road tunnels, Larsen & Toubro (L&T) has asked an extension until September 30. Two tunnels are online, but significant integration tasks remain, necessitating this request.

Mumbai's western suburbs are experiencing a real estate boom, with construction projects surging at an unprecedented rate.

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Sanjay Dutt, the chief executive officer of Tata Realty and Infrastructure Ltd, recently remarked that the high cost of land, money, and construction, as well as other economic concerns, make Indian real estate projects unprofitable.

Edelweiss Group has invested Rs 355 crore in realty developer Hubtowns two under-construction residential projects in Mumbai, Maharashtra through its non-banking finance company ECL Finance and two funds - Edelweiss India Real Estate Fund and EREF Onshore Fund - managed by the group.