Mumbai Real Estate has undergone significant changes after the implementation of Mumbai Urban Development Project (MUDP) between 1985-1994 by Mumbai Metropolitan Region Development Authority (MMRDA). The MUDP project was implemented through Municipal Corporation of Greater Mumbai (MCGM), Maharashtra Housing and Area Development Authority (MHADA), City and Industrial Development Corporation (CIDCO), the Kalyan Municipal Corporation (KMC), and the Thane Municipal Corporation (TMC).
Under this developmental program, 88,000 sites in Navi Mumbai, Greater Mumbai, and Thane were undertaken. This program also included the development of 35,000 slum dwellers in Greater Mumbai. Residential and commercial complexes have been developed for sale and occupation throughout Navi Mumbai, Grater Mumbai and other Mumbai suburban areas. Real estate in Mumbai has attracted the best developers to invest substantial funds.
The Home Providers - Mumbai Real Estate Developers
A few of the noted Real estate Developers in Mumbai include:
- Keystone Group - This real estate developer builds apartment complexes, condominiums, duplex apartments, and penthouses. ''Rustomjee Township' in Thane is a complex of 2 to 3 bedroomed apartments ranging from 1015 sq. feet to 1311 sq. feet. 'Elanza' in Malad is a residential complex of apartments covering 1025 sq. feet and 1305 sq. feet.
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- Raheja Group - Raheja Group is famed in Mumbai for the development of both commercial and residential properties. 'Raheja Acropolis' in Sion Trombay is a complex of 9 towers of 18 storeys each, comprising 2 and 3 bed roomed apartments measuring between 1075 sq. feet and 1855 sq. feet. 'Raheja Tipco Heights' in Malad East is a 4-tower apartment estate of 2, 2 ½, and 3 bed rooms.
- Godrej Properties - This is one of the most respected names in Bombay real estate. 'Edenwoods' in Thane West is a 800 apartment building comprising 2 and 3 bedroomed flats of floor areas between 1047 and 1820 square feet..'Planet Godrej', in Mahalaxmi consists of 788 sq. feet to 1366 sq. feet apartments.
- Dynamix Group - The best residential apartments in Mumbai are constructed by this developer. 'Sahyadri' in Malad is a 18 storey architecture comprising 2 and 3 bed roomed apartments of sizes 710 sq. feet and 1200 sq. feet. 'Orchid Woods' in Goregaon East is a residential complex of luxurious air-conditioned apartments having 2 to 4 bedrooms spread over 1420 square feet to 2465 square feet.
- Hiranandani Group - This premier developer builds outstanding apartments in Mumbai. 'Hiranandani Gardens' in Powai is a 200 acre property consisting of 8 buildings ranging from 19 to 27 floors. The apartments having 2 to 5 bedrooms vary in size from 940 sq. feet to 4575 sq. feet. 'Hiranandani Estates' in Thane is another property covering 200 acres comprising 16 towers varying from 12 to 27 storeys. These 1 - 4 bedroomed apartments measure between 600 to 2165 sq. feet.
Other Mumbai Real Estate developers include Neelkanth Group, Evershine Group, Span Construction Company Private Limited, and Ekta Shelters.
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