Are flats still a wealth creator? Homebuyers debate ageing homes, rising costs and redevelopment prospects

For decades, owning a flat has been regarded as a cornerstone of financial security for India’s middle class, often marketed as a safe, long-term investment that would appreciate in value and support future generations. However, as home prices soar, maintenance costs rise, and ageing buildings raise questions about resale and redevelopment, a growing number of […]

Why are residents in Mumbai’s Worli on the streets over the redevelopment of prime land?

Residents of Worli Koliwada in Mumbai are protesting after the Slum Rehabilitation Authority (SRA) issued notices to initiate termination of the current developer, who is handling major redevelopment projects on nearly six acres of prime land. These notices have sparked anger among residents, citing that they put long-awaited housing projects at risk. Mumbai redevelopment news: […]

Additional FSI announced for redevelopment of buildings on defence land, in protected zones

Published on: Dec 14, 2025 05:44 am IST Addressing MLAs’ concerns, Fadnavis said the proposed Housing for All policy would enable redevelopment in Mumbai areas where full redevelopment is constrained AI Quick Read MUMBAI: Chief minister Devendra Fadnavis on Saturday announced in the legislative assembly that the government would allot additional incentive FSI to enable […]

Mahindra Lifespace secures redevelopment mandate for a Matunga housing society in Mumbai, targets revenue of ₹1,010 cr

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure arm of the Mahindra Group, will redevelop a 1.53-acre housing society in Matunga, Mumbai, with an estimated revenue potential of ₹1,010 crore, further strengthening its presence in the city’s micro market. In a regulatory filing on December 3, the company said it has been chosen […]

Mumbai Metro Line 3: MMRC makes approval mandatory for redevelopment or construction within 50 m

To avoid any adverse impact on the tunnels of the underground Mumbai Metro Line-3 (Aqua Line), which spans 33 km from Cuffe Parade to Aarey Colony, the Mumbai Metro Rail Corporation (MMRC) has urged all landlords and housing societies within a 50-metre influence zone on either side of the alignment to seek its approval before […]

Mumbai redevelopment news: Raymond Realty announces launch of ₹2,000 crore premium project in Bandra

Raymond Realty announced on December 1 the launch of a premium redevelopment project on a two-acre land parcel in Mumbai’s Bandra East. The project, titled Invictus by GS, BKC, is expected to generate revenue of around ₹2,000 crore. Raymond Realty announced on December 1 the launch of a premium redevelopment project on a two-acre land […]

DTC housing redevelopment plans in 2 Delhi locales face review

The Delhi Transport Corporation’s (DTC) plan to redevelop its residential colonies in Shadipur and Hari Nagar into high-rise gated housing societies has been plunged into uncertainty, as the board decided to re-examine the financial feasibility of the projects, officials aware of the matter said. The projects are in Hari Nagar and Shadipur. (Representative photo) Both […]

Mumbai redevelopment news: Oberoi Realty announces project in South Mumbai’s Nepean Sea Road

Mumbai-based, listed real estate developer Oberoi Realty, on November 26, announced that it will redevelop a land parcel measuring 4,706 sq m in South Mumbai’s Nepean Sea Road. Mumbai real estate update: Oberoi Realty, on November 26, announced that it will redevelop a land parcel measuring 4,706 sq m in South Mumbai’s Nepean Sea Road […]

Maharashtra waives registration fees for beneficiaries of cluster redevelopment schemes

MUMBAI: In a major move, right before the crucial BMC elections, the Maharashtra government has decided to waive stamp duty and registration fees for residents of old buildings who are allotted homes in newly redeveloped buildings under the cluster redevelopment scheme in Mumbai. The decision will be applicable to all those eligible for homes measuring […]