New Delhi, May 16 (IANS) India’s residential real estate market has transitioned into a “structurally mature, demand‑anchored growth phase”, with Q1 2026 recording 93,065 new unit launches and 95,973 unit sales across the top eight cities, a report said on Saturday.The report from PropTiger said the supply rose 1.1 per cent sequentially and sales improved 1 per cent quarter‑on‑quarter.The weighted average price reached a record high of Rs 10,050 per sq ft — crossing the five‑digit ben…
Latest Mumbai Metropolitan Region News & Updates
Mumbai, May 14 (IANS) Chief Minister Devendra Fadnavis-led Cabinet Committee on Infrastructure on Thursday granted administrative approval for four access-controlled expressway projects in Vidarbha, totalling 547 km, to connect Maharashtra’s eastern and western borders through high-speed corridors. He instructed officials to ensure swift progress and timely completion of the projects.These projects are the Nagpur–Gondia Expressway, Bhandara–Gadchiroli Expressway, Nagpur–Chandrapur Expressw…
Mumbai, May 7 (IANS) A Memorandum of Understanding (MoU) was signed on Thursday between the Maharashtra Maritime Board (MMB) and the Norway-based marine technology company Hyke AS for the Mumbai Water Metro project. The signing ceremony took place in the presence of Chief Minister Devendra Fadnavis and Minister of Ports and Shipping Nitesh Rane.A Detailed Project Report (DPR) has been prepared by Kochi Metro Rail Ltd to implement the Water Metro project for passenger water transport in the MMR. …
New Delhi, April 22 (IANS) The real estate industry in India witnessed a 32 per cent year-on-year surge in land acquisitions in 2025, with developers acquiring 3,093 acres across 149 transactions valued at Rs 54,818 crore, according to a report released on Wednesday.The report by JLL also said the acquired land is expected to unlock nearly 229 million square feet of development over the next two to five years, reflecting strong developer confidence and sustained demand.It highlighted a skewed in…
Mumbai, April 15 (IANS) The Shiv Sena Uddhav Balasaheb Thackeray (UBT) on Wednesday criticised the Mahayuti government over its recent policy on giving permission to construct five-star hotels and malls on land previously reserved strictly for sports. The Thackeray camp, in a scathing editorial in the party’s mouthpiece ‘Saamana’, alleged that it was a systematic effort to “swallow” Mumbai’s recreational and sports plots for commercial gain. It has accused the state government of circumventing…
Mumbai, April 14 (IANS) Adani Electricity Mumbai Infrastructure Ltd (AEMIL), a subsidiary of Adani Energy Solutions Ltd (AESL), has commissioned a 1,000 megawatt high-voltage direct current transmission link between Kudus and Aarey in a significant step towards strengthening power infrastructure in Mumbai and the wider Mumbai Metropolitan Region (MMR).The project, comprising a 30-kilometre (km) overhead line and a 50-km underground corridor, has been designed to operate within the constraints of…
Mumbai, April 14 (IANS) Minister of Transport Pratap Sarnaik on Tuesday announced that from May 1, Maharashtra Day, it will be mandatory for licensed rickshaw and taxi drivers to know Marathi. A licence inspection campaign will be conducted through 59 regional and sub-regional offices of the Motor Transport Department, and it will be verified whether the concerned drivers can read and write Marathi. The licences of drivers who do not know Marathi will be cancelled, he added.Minister Sar…
Mumbai, April 9 (IANS) The Maharashtra State Electricity Transmission Company Limited (Mahatransco) successfully commissioned its ambitious Babhaleshwar–Kudus 400 kV transmission line on Thursday, strengthening power infrastructure in the Mumbai Metropolitan Region (MMR). The newly operational line is expected to enhance the stability, reliability, and efficiency of power supply across Mumbai, Thane, Palghar, and Ahilyanagar districts. The project will help reduce transmission losses by approx…
Mumbai, April 2 (IANS) President of the Mumbai Cricket Association (MCA) Ajinkya Naik has met Maharashtra Chief Minister Devendra Fadnavis to advance the development of a world-class cricket stadium in the Mumbai Metropolitan Region (MMR). The proposed stadium, with a planned seating capacity of 100,000 spectators, is envisioned to be among the largest cricket venues globally. Designed as a state-of-the-art facility, the project aims to set new benchmarks in sporting infrastructure, fan experien…
New Delhi, April 1 (IANS) The flexible office space market of India has witnessed a sharp surge over the past eight years, with annual transaction volumes rising 8.4 times from 2.2 million sq ft in 2017 to 18.6 million sq ft in 2025 across the top eight cities, a report showed on Wednesday.The report by Knight Frank India highlighted that such growth indicated a compound annual growth rate (CAGR) of 30 per cent, significantly outpacing the broader office market, which grew at 9 per cent over the…