Browsing Tag

urban redevelopment

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The Bombay High Court has ruled that occupants of government land whose leases expired decades ago cannot demand alternate commercial premises of equivalent size after demolition for public projects, limiting rehabilitation strictly to Slum Rehabilitation Authority norms.

Expired Leases, Encroachments and Redevelopment: Bombay High Court Limits Rehabilitation Rights in Bandra Government Colony Case

The Bombay High Court has ruled that occupants of government land whose leases expired decades ago cannot demand alternate commercial premises of equivalent size after demolition for public projects, limiting rehabilitation strictly to Slum Rehabilitation Authority norms.
Puravankara Limited posted 4% YoY growth in Q2 FY26 pre-sales, alongside an 8% rise in collections. With ₹9,100 crore GDV acquisitions across Mumbai and Bengaluru—including marquee redevelopment projects—the developer is accelerating its expansion strategy in India’s most active real estate markets.

Puravankara Expands Portfolio with ₹9,100 Cr GDV in H1 FY26; Mumbai, Bengaluru Acquisitions Strengthen Growth Momentum

Puravankara Limited posted 4% YoY growth in Q2 FY26 pre-sales, alongside an 8% rise in collections. With ₹9,100 crore GDV acquisitions across Mumbai and Bengaluru—including marquee redevelopment projects—the developer is accelerating its expansion strategy in India’s most active real estate markets.
Mumbai Metropolitan Region topped India's land deals in 2025 with 32 transactions for over 500 acres, driving national total to 3,772+ acres amid strong demand for residential, mixed-use, industrial and data centre projects – per ANAROCK Research.

ILP 4 India 1 Acquires Prime Kurla Land Parcel for ₹193.5 Crore

In a landmark transaction, ILP 4 India 1 Pvt Ltd acquired a 3.95-acre land parcel in Mumbai’s Kurla for ₹193.5 crore. The site includes existing buildings and is zoned for industrial use under DP 2034. With strong connectivity and rising investor interest, Kurla strengthens its position as a strategic urban growth corridor.
MHADA

MHADA Sets Target to Construct 19,497 Houses in FY 2025-26

The Maharashtra Housing and Area Development Authority (MHADA) has set a target to construct 19,497 housing units across the state in the financial year 2025-26. With a budget allocation of ₹15,951.23 crore, Mumbai alone will see 5,199 new units, focusing on key redevelopment projects like BDD Chawl, Goregaon Siddharth Nagar, and more.
CA Shailesh Dedhia, BJP Mumbai Professional Cell President, has urged PM Modi to repeal the probate requirement affecting only certain communities in Mumbai, Kolkata, and Chennai.

PM to Inaugurate 1,675 Newly Constructed Flats for EWS in Delhi

On January 3, 2025, Prime Minister Narendra Modi will inaugurate 1,675 newly constructed flats for residents of Delhi’s JJ clusters under the In-Situ Slum Rehabilitation Project at Swabhiman Apartments. The Prime Minister will also lay the foundation for key urban and educational projects, further transforming the city’s infrastructure. These developments highlight the government’s commitment to providing better housing and sustainable living solutions for all citizens.