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MMRDA Archive

Ghodbunder road realty zone-present and future

Ghodbunder road is the most lucrative and well-established zone in Thane. It has maximum office supply absorption and maximum potential for capital appreciation and growth for investors with a 5-7 years investment horizon. Today, this prime residential and commercial area is offering the likes of Mulund, Ghatkopar and even Andheri stiff competition for attracting office […]

BKC- like complex for Dombivli soon

With a view to develop an alternative to Bandra Kurla complex in the eastern part of Mumbai Metropolitan region, the Mumbai Metropolitan Regional Development Authority (MMRDA) had planned another ‘Bandra-Kurla Complex-like Business Growth Centre (BGC)’ for Dombivli. The proposal is lying with the state government. Once the proposal is accepted, the project will take off. […]

Buying a flat or shop near Metro or Monorail?

Are you planning to buy a new flat near Metro line, Monorail line or any other major infrastructure project in Mumbai? If yes, then be ready to cough up an additional 10 % additional development tax on property transactions in such areas. The residential and commercial properties could get costlier as the state government is […]

Mumbai’s real estate industry expects Modi to lower property rates

In the previous years due to highly quoted prices, Mumbai real estate industry had to go through slow down in sales and responses. Several projects were left incomplete due to lack of environment clearance, disputed lands, incomplete approval from authorities, and very often builders were lacking financial support. With the win of Modi led BJP […]