Mumbai redevelopment news: Kanakia Spaces Realty signs ₹208 crore deal for redevelopment of two buildings in Borivali
2 months, 3 weeks ago

Mumbai redevelopment news: Kanakia Spaces Realty signs ₹208 crore deal for redevelopment of two buildings in Borivali

Hindustan Times  

Mumbai- based Kanakia Spaces Realty Pvt Ltd has acquired development rights for redevelopment of two old buildings in Mumbai's Borivali area. The two housing societies that are over 50 years old are located in Govind Nagar area of Borivali, Mumbai, and will be redeveloped under the cluster redevelopment policy of the Maharashtra government, the documents showed. In May 2023, the Maharashtra government had also announced a 50 percent premium waiver payable by real estate developers for its cluster development policy in Mumbai for a period of one year, a move which is expected to aid redevelopment of old buildings in the city. Other redevelopment deals in Mumbai real estate market Listed real estate developer Macrotech, which operates under the Lodha brand name, had in October 2023 signed a development agreement for development in the free sale component of a slum rehabilitation project in Mumbai’s Worli area.

Maharashtra Buildings Building Estate Real Old Area Developer Borivali Mumbai Redevelopment Kanakia Spaces Realty Kanakia Spaces Realty Pvt Ltd  real  deal  estate  kanakia  building  old  signs  mumbai  redevelopment  buildings  development  spaces  crore  area  borivali  realty  developer

History of this topic

Pan-India developers chase Mumbai’s redevelopment, SRA opportunities
1 week, 6 days ago

Pan-India developers chase Mumbai’s redevelopment, SRA opportunities

Live Mint  

Developers from across India are seizing opportunities to redevelop Mumbai’s old, dilapidated buildings, housing societies and slums to expand their footprint in the land-starved financial capital. "With limited opportunities of greenfield land parcels in Mumbai, a massive opportunity exists in the redevelopment and SRA space," said Tariq Ahmed, CEO, West India at Prestige Group. “Mumbai is a redevelopment market," said …

Got a job in Mumbai? Here's a look at a few rental options available near the financial capital under ₹25000
3 months ago

Got a job in Mumbai? Here's a look at a few rental options available near the financial capital under ₹25000

Hindustan Times  

When Shardda Kansal moved to Mumbai in 2019 and was looking for rental accommodation under ₹25,000 per month, there were a dime a dozen 2 BHK options available to her in the suburbs. Rentals in Mumbai's real estate market have hit the roof largely because several old buildings in the city are currently under redevelopment. Property consultants say that Puri …

Mumbai real estate: As redeveloped apartments hit the market, will rental growth in the city start to cool off?
5 months, 3 weeks ago

Mumbai real estate: As redeveloped apartments hit the market, will rental growth in the city start to cool off?

Hindustan Times  

A 3 BHK in a premium building in Andheri area of Mumbai was available for a monthly rent of ₹77,000 in 2021, which went up to ₹1.14 lakh in 2023 as redevelopment of old buildings in Mumbai picked up pace. "Rental growth across premium gated societies in Mumbai has cooled down to 5-9% in 2024 after a growth of almost …

Discover Related