Mumbai's real estate is transforming with the rise of micro-markets like Dombivali and Thane. These areas offer unique opportunities, catering to specific demographics and lifestyle needs, driven by improved connectivity and infrastructure.
MHADA plans to redevelop Motilal Nagar Housing Colony in Goregaon, offering 600 sq ft flats to existing residents and constructing 32,000 additional affordable units.
Mumbai's BMC has proposed an amended parking lots policy to the state government, which could bring several hundred crores annually by sharing profits with developers.
Mumbai developers consider halting new residential projects due to market slowdown, impacting sales and leading to job cuts in the construction industry.