ED Attaches Dhirubhai Ambani Knowledge City Land Worth ₹4,462 Crore in RCom Bank Fraud Case

The Enforcement Directorate has attached 132 acres of Dhirubhai Ambani Knowledge City in Navi Mumbai worth ₹4,462 crore, deepening the crackdown in the Reliance Communications bank fraud case. The total attachment in the group now exceeds ₹7,500 crore.

NMIAL Secures 405 Flats at Wadhwa Wise City Ahead of Airport Launch to Meet Housing Demand

Ahead of its September 30 launch, NMIAL has secured 405 flats at Wadhwa Wise City, Panvel, to house airport staff and families. The move highlights Navi Mumbai’s real estate boom, powered by the airport and large-scale infrastructure projects.

Last Chance to Apply for CIDCO’s ‘My Preferred CIDCO Home’ Mass Housing Scheme by 31st January 2025

CIDCO has announced 31st January 2025 as the final date for online registration and selection of 26,000 affordable homes under its ‘My Preferred CIDCO Home’ Mass Housing Scheme. Spanning prime locations across Navi Mumbai, this scheme caters to EWS and LIG categories under PMAY. Register now to secure your dream home!

Mumbai’s Real Estate Boom: A Developer’s Perspective on Rising Property Registrations

Mumbai’s real estate market is booming, with record property registrations fueled by favorable government policies, evolving buyer preferences, and strategic developer initiatives. In Q3 2024, the Mumbai Metropolitan Region (MMR) captured 32% of India’s total real estate market share, driven by strong demand for mid-income and affordable housing in suburban areas like Thane, Navi Mumbai, and Panvel. Developers are adapting by offering attractive festive discounts, virtual property tours, and focusing on modern amenities and improved connectivity to meet the changing needs of homebuyers.

Godrej Properties Acquires 3 Plots in Kharghar, But Many of 47 Auctioned by CIDCO Remain Untaken

Godrej Properties secures 3 prime plots in Kharghar through CIDCO’s auction, with a potential revenue of INR 3,500 crore. However, out of 40 plots auctioned, several remained unsold, indicating a possible slowdown in Navi Mumbai’s property market.