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Dharavi, Asia's largest slum

Dharavi Redevelopment: Bombay High Court Rules in Favor of Adani, Rejects UAE Firm’s Plea

The Bombay High Court has upheld the Maharashtra government’s decision to cancel Seclink Technologies’ winning bid for the Dharavi redevelopment project and issue a fresh tender. This move led to the award of the project to Adani Properties. Seclink had challenged the cancellation, arguing that the revised terms benefited Adani, but the court dismissed the plea, paving the way for the redevelopment of Dharavi.
  • December 20, 2024
Nirmala Sitharaman to present the union budget

Builders ask Govt To Reconsider GST on FSI Charges, Warns of Potential 10% Increase in Housing Prices

CREDAI has strongly opposed the proposed 18% GST on FSI (Floor Space Index) and Additional FSI charges, claiming that it could raise housing prices by 7-10%, making affordable housing projects financially unfeasible. The real estate body has urged the government to reconsider the move, warning that it could lead to stalled developments and disrupt the housing market.
  • December 20, 2024
Ghajini producer Madhu Mantena expands his investments

Ghajini Producer Madhu Mantena’s Company Acquires Multiple Apartments Worth Rs. 25.75 Crore in Mumbai

Madhu Mantena, the acclaimed film producer behind Ghajini and Queen, has made a significant investment in Mumbai’s luxury real estate market. His company, Big Bang Mediaverse, acquired three premium apartments in Juhu for a total of Rs. 25.75 crore, further expanding his business interests.
  • December 20, 2024
India’s HNIs and UHNIs are growing rapidly in 2024

The Rise of Indian HNIs and UHNIs in 2024: A New Era of Wealth and Influence

India’s population of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) is surging in 2024, fueled by tech, start-ups, and real estate. With a growing focus on luxury consumption, global investments, and sustainability, India’s wealthy are reshaping the global economic landscape, with younger entrepreneurs at the forefront of this transformation.
  • December 19, 2024
CREDAI-MCHI and MAHAPREIT have signed an MoU to assess air emissions and create a roadmap for decarbonization in the construction sector, aiming for net-zero emissions and sustainable building practices.

CREDAI-MCHI and MAHAPREIT Sign MoU to Drive Decarbonization and Address Air Emissions in the Construction Sector

CREDAI-MCHI and MAHAPREIT have partnered to address air emissions in the construction sector. Their collaboration focuses on creating a roadmap for decarbonization, promoting eco-friendly practices, and working towards net-zero emissions. The initiative will involve studying emissions from construction activities and operational buildings, setting sustainability targets, and training stakeholders to adopt greener building techniques.
  • December 19, 2024