Nearly 350 people were evacuated from Mumbai's Kurla area after the Mithi river swelled due to heavy rains. Authorities are monitoring the situation and working to ease the flow of water.
At least 2,900 acres of land deals, with a market value of Rs 31,000 crore, were transacted in the Indian realty market during the first six months of 2025 (H1 2025), according to a report by real estate analytics firm Anarock. These deals include both outright transactions as well as joint development agreements between realtors and landowners.
A Monorail train in Mumbai halted due to a power failure amid heavy rains, stranding approximately 200 passengers. Rescue operations were conducted, and an inquiry has been ordered into the incident.
Maharashtra Chief Minister Devendra Fadnavis on Thursday inaugurated the final 76-km-long stretch of the Samruddhi Mahamarg, making the entire 701-km Mumbai-Nagpur corridor fully functional and bringing down the travel time between the two cities to eight hours from around 18 hours.
Heavy rains caused severe waterlogging, traffic jams, and disruptions to local train services in Mumbai. Schools and colleges were closed due to a 'red alert' issued by the IMD.
Housing sales declined 19 per cent annually in January-March across eight major cities to 98,095 units on high prices and lower launches, according to PropTiger. Real estate consultant PropTiger, which is part of REA India that also owns Housing.com, on Wednesday noted that rising property prices and slowing growth forced buyers to exercise caution.
Amid violence against Hindi-speaking people, Maharashtra minister and Bharatiya Janata Party leader Ashish Shelar on Sunday drew parallels between the Pahalgam terror attack and the beating of 'Hindus' in Mumbai, which he said is condoned by some leaders.
A video showing an auto-rickshaw driver being beaten up allegedly by Shiv Sena-Uddhav Balasaheb Thackeray workers in Maharashtra's Palghar district for 'anti-Marathi' remarks has gone viral on social media, further fuelling controversy over the language issue in the state.
On Thursday, MMRDA strongly defended its decision to disqualify L&T from the two infrastructure projects in Mumbai, citing "substantial grounds" for the rejection of its technical bids.
Developers based outside Mumbai are making a beeline for India's largest real estate market through redevelopment projects. These include Delhi-based DLF, Bengaluru-based Prestige Estates and Puravankara, Pune-based Kolte-Patil Developers and Vascon Engineers, and Hyderabad-based Ramky Estates.
Heavy rains lashed several parts of Maharashtra, including Mumbai, on Monday, resulting in one death and the rescue of 48 people from inundated areas. The state received widespread rainfall, with Pune, Satara, Solapur, Raigad, and the Mumbai Metropolitan Region (MMR) experiencing significant precipitation. Mumbai recorded 135.4 mm of rainfall in the past 24 hours, leading to waterlogging and power outages in some areas. The India Meteorological Department has predicted more rain in Mumbai over the next 24 hours, accompanied by thunderstorms and strong winds.
'Maharashtrians are facing a dual battle -- numerical battle with North Indians and financial battle with Gujaratis and Marwaris.' 'This has created anxiety about survival and ownership over Mumbai and Maharashtra.'
Average housing prices across Mumbai Metropolitan Region (MMR), Delhi-NCR, Chennai and Pune remained stable during the January-March period compared to the previous quarter while rates appreciated 4-5 per cent in the other four major cities, according to PropTiger. Data from real estate brokerage firm PropTiger, a part of REA India that owns Housing.com, showed that prices in Bengaluru and Hyderabad grew 5 per cent each while Ahmedabad and Kolkata saw an appreciation of 4 per cent each.
'Every delay directly increases the cost burden on developers. Land holding charges, financing costs, and compliance expenses escalate as approvals drag on.'
'I don't know whether the top Gujarati leaders of Indian politics (Prime Minister Narendra Modi and Union Home Minister Amit Shah) in Delhi realise that the narrative of HindiHinduHindustan will eventually destroy their own language too.'
Average residential property prices in seven cities increased 10% to 34% due to new supplies in the luxury and ultra-luxury segments and overall demand.
The ongoing survey for the Dharavi Redevelopment Project has surpassed the scope of the 2007-08 survey, with over 63,000 tenements already mapped. The survey, which includes ground floor and upper floor structures, aims to provide housing for all residents of Dharavi, including those in existing SRA buildings and on RLDA Land. The project, undertaken by Navbharat Mega Developers Private Limited (NMDPL), aims to construct nearly 1.5 lakh tenements to accommodate the growing population of Dharavi.
Capital value appreciation outpaced rental value growth in several key micro-markets between 2021 and 2024, with Noida Sector 150 in the National Capital Region (NCR) leading the pack with a 128 per cent rise in capital values compared to rental value growth of just 66 per cent, according to a report by property consulting firm Anarock.
The entire construction of the Navi Mumbai airport project is expected to be completed in five phases.
Housing prices appreciated at an average of 10 per cent during the December quarter across eight major cities on strong demand, higher input cost, according to a report by CREDAI, Colliers and Liases Foras. Realtors' body CREDAI, real estate consultant Colliers India, and data analytic firm Liases Foras on Tuesday released their joint report, which showed that Delhi-NCR saw a maximum appreciation of 31 pc annually during the October-December period of 2024.
It is the first airport in the country to have multi-modal connectivity. This includes a linkage to the project via road, rail, and a metro system.
The metropolitan regions of Mumbai generally depend on the core city for its identity and economy. It could be differently designed and developed so the metropolitan region has a better economic activity and help depopulate Mumbai, writes Mahesh Vijapurkar.
Realtor Godrej Properties Limited (GPL) is present in top real estate markets such as Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Pune, and Bengaluru. In the financial year 2024-25 (FY25), NCR contributed 36 per cent, Bengaluru 17 per cent, and MMR 27 per cent to revenues with the rest 20 per cent coming from Pune, Hyderabad, etc.
The accused has been identified as Bhagwat Singh Om Singh (32), originally from Udaipur in Rajasthan who is currently staying in Navi Mumbai.
'In the past six months, capital markets have seen a dip, and realty is struggling. The stock-market investor will be cautious of putting that investment in real estate when there may be a slowdown coming.'
Housing sales declined 5 per cent in the July-September quarter across the top eight cities due to a fall in new supply and sharp appreciation in prices, according to PropTiger. Real estate brokerage platform PropTiger.com, which is part of Australia's REA group that owns Housing.com, on Tuesday, released its report 'Real Insight' on India's residential market. A total of 96,544 units were sold in July-September, down 5 per cent from 1,01,221 units sold during the same period in 2023.
Raymond Limited's real estate arm, Raymond Realty, plans to get listed during the second quarter of the next financial year (Q2FY26), according to Harmohan Sahni, chief executive officer (CEO), Raymond Realty. "We are expecting the order by June-July 2025 as far as the National Company Law Tribunal (NCLT) is concerned.
She interacted with fellow commuters during the 30-km ride, the social media post said.
Maharashtra Chief Minister Eknath Shinde on Sunday said the state assembly polls are expected to be held in the second week of November and seat-sharing among the ruling allies would be finalised in the next 8 to 10 days.
Expansion of its development portfolio, brokerage upgrades, and strong outlook have led to a 15 per cent gain for the stock of real estate major Godrej Properties (GPL) in six trading sessions. The company recently acquired a 53-acre land parcel in Joka, Kolkata with an estimated development potential of 1.3 million square feet of saleable area with an estimated revenue potential of Rs 500 crore.
The Congress on Monday claimed that the Tata-Airbus C-295 aircraft facility inaugurated in Vadodara was earlier supposed to be set up in Nagpur and alleged that under Prime Minister Narendra Modi's instructions, the Centre and the Mahayuti dispensation have conspired to ensure the 'wholesale surrender' of Maharashtra's interests.
According to the government, the additional chief secretary of the state housing department is designated to sign an agreement with the Union government for the land lease transfer.
'Why has Maharashtra slipped up over the past couple of decades?' 'Not only is this question critical for residents of the state, but given that it accounts for 14% of India's GDP, a faster-growing Maharashtra implies a faster-growing India as well, point out Shishir Gupta and Rishita Sachdeva.
The employees are demanding salary parity with state government employees, seeking a pay scale adjustment to match that of their counterparts in the state sector.
More than 21 hours after a huge billboard collapsed in Mumbai's Ghatkopar area due to gusty winds and unseasonal rains, killing at least 14 persons and injuring 75 others, the search and rescue operation is still on, civic officials said on Tuesday.
15 to 25 per cent of property registrations in Mumbai come from redevelopment, with over 3,500 projects approved by May 2024.
'Developers are into profit-making. And there's not too much money in the affordable segment.' 'So, they don't do affordable housing.'
The recent blip in housing sales on a quarter-on-quarter (Q-o-Q) basis should not worry investors as the long-term prospects of real estate stocks remain on a strong foundation, according to analysts. In the first half of the calendar year 2024 (H1CY24), realty stocks surged up to 104 per cent. This sharp run should be used to book partial profit in related stocks, suggested Deepak Jasani, head of retail research at HDFC Securities.
'If you look at the average age of all our candidates, you will notice that their average age is between 35 and 40. It is a kind of revolution that the MNS is bringing in Maharashtra.'
The mega block, which started at Thursday midnight, has affected the suburban services on CR's main corridor, causing inconvenience to lakhs of office-goers.
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