Mahindra Lifespaces Developers has acquired redevelopment rights for two adjacent housing societies in Mumbai's Chembur area, representing a combined development potential of ₹1,700 crore across 4.4 acres.

Real estate developer NeoLiv announced a 47-acre mixed-use villa project in Khopoli with Rs 600 crore revenue potential, targeting premium homebuyers in Mumbai Metropolitan Region's growing suburban corridor.

Prayagraj Development Authority's Master Plan 2031 permits commercial use of properties along 42 major roads, up from 29 in the previous plan, boosting investment opportunities."

Two luxury penthouses at Lodha Palava sold for ₹15.59 crore each, setting a new pricing record for Dombivli and demonstrating the growing appeal of suburban luxury housing in Mumbai's eastern corridor.

Enhanced Metro connectivity and infrastructure development drive 19-22% property price growth in Mumbai's Borivali, Kandivali, and Dahisar since 2022, making western suburbs the city's next premium residential destination.

Mumbai municipal authorities have announced an ambitious infrastructure transformation plan targeting four critical transport interchange points across the city, focusing on Kurla, Dadar, Andheri, and Ghatkopar stations to create an integrated multimodal transport ecosystem.

Maharashtra government appoints MMRDA as nodal agency for Dharavi Multi-Modal Transport Hub connecting suburban rail, metro lines, airports, and bullet train in 24x7 integrated urban development.

With Mumbai Metro expanding to 300+ km, Metro-connected homes are becoming the top pick for city homebuyers. Read how it’s impacting prices and buyer choices.

The state cabinet accepted the transfer of 140 acres of Malwani and Aksa property from the suburban collector for the ambitious Dharavi Redevelopment Project. Land will be utilised for rental homes for slum inhabitants ineligible for free housing under the project.

The largest slum in India, Dharavi, is undergoing a tremendous change. Adani Group and state government joint venture Dharavi Redevelopment Project Ltd. (DRPPL) has chosen 540 acres of suburban property to move 'ineligible' inhabitants for free homes.

The Mumbai real estate market in 2023 has survived global economic storms and reached unprecedented heights, signifying a turning point. A strong economy, growing disposable incomes, a tendency towards bigger living spaces have laid the groundwork for Mumbai real estate in 2024.