Browsing Tag

Mumbai housing crisis

5 posts
In a boost for Mumbai homebuyers with historical property rights, the Bombay High Court has temporarily stopped a Bandra society's redevelopment plans, enforcing a 31-year-old covenant granting a flat owner extra 900 sq ft space. The case highlights the enduring power of old deeds in modern rebuilds.

Govt Approves Land Acquisition for Parel’s K.K. Modi Wani Chawl Redevelopment After 25-Year Delay

The Maharashtra government has invoked Sections 91(A) and 93 of the MHADA Act to acquire the long-stalled K.K. Modi Wani Chawl property in Parel after 25 years of developer inaction, ordering blacklisting and criminal proceedings while empowering MHADA to complete the redevelopment.

What and Who Failed Mumbai?

By Varun Singh Mumbai is often described as India’s financial capital, the…

‘We Cut Costs, You Raised Prices’: CM Fadnavis Slams Builders at CREDAI-MCHI Event

At CREDAI-MCHI’s leadership change event in Mumbai, CM Devendra Fadnavis criticised developers for raising home prices despite the government meeting their demands, including premium cuts and infrastructure upgrades.
MHADA

MHADA to Offer ₹20,000 Monthly Rent for Residents of 96 Most Dangerous Cessed Buildings

MHADA has announced a ₹20,000 monthly rent compensation for tenants of 96 highly dangerous cessed buildings identified in its 2025 pre-monsoon survey. With limited transit housing available, the authority will lease 400 new units for temporary accommodation. All related costs will be recovered from developers or societies redeveloping the affected buildings.
Mumbai Real Estate

Will These Three Major Redevelopment Projects Change Mumbai’s Fortune?

Mumbai is on the brink of a major transformation with ambitious redevelopment projects in Dharavi, Kamathipura, and BDD Chawl. These initiatives aim to modernize the city’s infrastructure, improve living conditions, and address historical and social challenges, promising to significantly alter Mumbai’s urban landscape and real estate dynamics.