Road to Redevelopment
Nayan Dedhia, Director, Toughcons Nirman, in conversation with R Srinivasan, says redevelopment is the way forward for land-starved Mumbai.
Dharavi redevelopment project starts housing eligibility from April 1
The second phase of a door-to-door survey of Dharavi residents to determine eligibility for free housing would commence on April 1, starting from the Kamla Raman Nagar area. It was stated that on March 18, a survey had initiated in Dharavi wherein the residents received unique identification numbers for their homes. Following this, laser mapping of the respective lanes had been conducted. In the ongoing phase of the survey, surveyors from Dharavi Redevelopment Project (DRPPL) were said to be visiting all structures with the unique identification numbers. They were tasked with collecting docume..
Makeover for Maximum City
Much of Maximum City needs a facelift. The massive stock of old, dilapidated buildings on prime property across land-starved Mumbai is crumbling and on the verge of collapse. The only way forward appears to be redevelopment.
The elevation of ageing housing societies into a contemporary residential asset class, offering customers a premium lifestyle, is gaining momentum and the city has been witnessing a surge in redevelopment projects. In fact, redevelopment is estimated to be a Rs.1 trillion investment opportunity in Mumbai and redevelopment space contributes to over 30 per cent of t..
Residents Sceptical of Sahastradhara Road Widening
Residents in Dehradun have raised questions and expressed scepticism regarding the proposed widening project for Sahastradhara Road. The project, aimed at widening the road to accommodate increased traffic, has faced criticism and scrutiny from local residents concerned about its potential impact on the environment and surrounding areas.
The Sahastradhara Road widening project has sparked debate among residents, with some questioning the necessity and feasibility of the initiative. Critics argue that widening the road may lead to the loss of trees, green spaces, and heritage structures ..
Warburg Pincus Acquires Shriram Housing Finance
Warburg Pincus, a leading global private equity firm, has announced its acquisition of Shriram Housing Finance for an impressive sum of Rs 4,630 crore. This strategic move underscores Warburg Pincus' commitment to expanding its presence in the Indian financial sector and capitalizing on the growing demand for housing finance solutions in the country.
Shriram Housing Finance, a subsidiary of Shriram City Union Finance, has established itself as a key player in the affordable housing finance segment, catering to the needs of millions of aspiring homeowners across India. The acquisition b..