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Raymond Realty Ltd has partnered with a landowner to develop a luxury housing project in Mumbai with an estimated revenue potential of Rs 8,500 crore. In a regulatory filing on Wednesday, the company said it has signed a joint development agreement to develop a residential project in a prime location of Parel, Mumbai. The project has an estimated revenue potential of about Rs 8,500 crore, it added. Raymond Realty did not name the landowner with whom it has entered into the agreement. This is the company's 8th joint development project in Mumbai city. "Parel has always been at the heart of Mumbai's evolution and we are proud to add another landmark to Raymond Realty's growing portfolio through this strategic joint development," Gautam Hari Singhania, Chairman, Raymond Group, said. He said the company's expansion continues to be guided by an asset-light, partnership-led approach that enables it to unlock value in some of Mumbai's most sought-after locations. Raymond Realty, part o
Maharashtra Chief Minister Devendra Fadnavis on Tuesday said the Dharavi Redevelopment Project was not merely a housing scheme but an economic transformation initiative, and asserted that the first phase of about 10,000 houses would be completed in the next 18 months. Speaking in the legislative assembly, Fadnavis said that under the redevelopment project, eligible residents will be rehabilitated at the site, while others will be provided homes at nearby locations. He also said the state has identified 19 cluster redevelopment projects across Mumbai as part of its strategy for planned urban renewal and housing. Dharavi Redevelopment Project is an ambitious urban renewal initiative to transform Asia's largest slum in central Mumbai into a modern, transit-oriented hub. It aims to rehabilitate the residents while preserving the area's vital informal economy and local industries. The project commenced in January 2025. Fadnavis said the Dharavi Redevelopment Project envisages around 95
After a brief respite, heavy rains accompanied by thunder returned to Mumbai on Wednesday morning, delaying local train services and causing inconvenience to office-goers. Long-distance train services towards Gujarat remained disrupted due to waterlogging in the Vasai-Virar section in neighbouring Palghar district and at several locations in south Gujarat. Operations on the MumbaiPune route were also yet to be fully restored following landslides in the Bhor Ghat section on Monday. Videos showed long queues of passengers wading through flooded tracks using mobile phone flashlights even after midnight following suspension of suburban services beyond Vasai Road in Palghar on Tuesday evening. Tulsi lake, one of the seven reservoirs supplying drinking water to Mumbai, started overflowing late at night following heavy rainfall in its catchment area, hours after the nearby Vihar lake overflowed, civic officials said. The India Meteorological Department (IMD) has forecast intermittent ligh
The authorities have declared a holiday for all government, private and civic-run schools and colleges in Mumbai, Pune, Thane and Palghar on Monday as heavy downpours continue to lash the regions, officials said. In Mumbai, where the India Meteorological Department has issued an 'orange alert', the decision was taken keeping students' safety in mind, the Brihanmumbai Municipal Corporation said in a release on Sunday evening. Besides heavy rainfall, the IMD has also forecast gusty winds in the metropolis. Government and private offices will function as usual, the release said, urging citizens to step out of their homes only if necessary. Mumbai and its surrounding areas have witnessed very heavy rains for the past few days, resulting in waterlogged streets and incidents of treefall, which have killed at least three persons, including a schoolboy, since June 30. Similar advisories have been issued for educational institutes in Pune, Thane and Palghar districts, said officials. The
Train services on the busy Mumbai-Pune route were suspended early Monday after heavy rains triggered landslides in the Karjat-Lonavala Bhor Ghat section, officials said. A landslide occurred near Thakurwadi in the ghat section, Swapnil Nila, Chief Public Relations Officer of Central Railway, told PTI. Another landslide was reported on the middle line between Khandala and Monkey Hill at around 3.05 am, he added. Due to the landslides, all the three railway lines have been affected, forcing Central Railway to cancel, divert and regulate several long-distance trains, Nila said. The MumbaiPune railway route has three tracks in the difficult Bhor Ghat section (Khandala Ghat): the Up line (towards Mumbai), Down line (towards Pune), and a Middle line. "Due to incessant heavy rainfall in the South East Ghat section between Karjat and Lonavala, a landslide occurred between Thakurvadi and Monkey Hill Loop Cabin on the Up Main Line of Mumbai Division," Nila said. The disruptions led to the .
At least six persons were killed and one sustained injuries when a three-storey chawl (row tenement) collapsed in Mumbai's Mankhurd area amid heavy rains on Sunday night, officials said. One person is feared trapped under the debris, and a multi-agency operation, including personnel from the National Disaster Response Force (NDRF), is underway to locate him, they said. As per officials from the Brihanmumbai Municipal Corporation (BMC), four women and a man were "brought dead" to the civic-run Shatabdi Hospital. Another man was declared dead at Rajawadi Hospital. One injured man is being treated at the BMC-run Rajawadi, they said. The incident occurred at Chawl No 5 in Janta Nagar, behind Hanuman Mandir, in the Mandala locality at around 8.30 pm, they said. As per preliminary information, two to three tenements forming part of the three-storey structure caved in, prompting a rescue operation by personnel from Mumbai Fire Brigade, police, BMC ward office and '108' ambulance services
The India Meteorological Department (IMD) on Friday issued a red alert for Mumbai for Saturday and Sunday, forecasting heavy to very heavy rainfall at a few places with extremely heavy rainfall at isolated locations, civic officials said. A red alert was also issued for the neighbouring Thane, Palghar and Raigad districts. Mumbai has been battered by rains throughout this week following the late onset of the monsoon, throwing normal life out of gear. As per the IMD's district-wise forecast issued on Friday afternoon, the city is likely to receive heavy to very heavy rainfall at a few places with isolated extremely heavy spells on July 4 and 5. The probability of the forecast was categorised as "very likely". The IMD also forecast heavy to very heavy rainfall at isolated places in Mumbai on Monday, while heavy rainfall is likely at a few places on Tuesday. As per BMC officials, neighbouring Thane and Palghar districts have also been placed under a red alert for Saturday and Sunday
Mumbai is staring at a severe water crisis as the combined live storage in its seven supply reservoirs has dropped to less than 7 per cent, significantly lower than last year, due to delayed monsoon and insufficient rainfall so far this year. In the corresponding period last year, the water stock in these seven dams was 39.5 per cent. As per the data from the Brihanmumbai Municipal Corporation's Hydraulic Engineer's Department, the seven reservoirs together held 1,00,279 million litres of water, or 6.93 per cent of their total live storage capacity, at 6 am (on Monday), compared with 5,71,670 million litres (39.5 per cent) on the corresponding day last year. Seven reservoirs -- Bhatsa, Upper Vaitarna, Modak Sagar, Tansa, Middle Vaitarna, Tulsi, and Vihar -- make up the entire seven-lake system that supplies drinking water to the financial capital of the country and its metropolitan areas. They have a combined useful storage capacity of 14.47 lakh million litres and supply around 4,0