Properties for sale in Mumbai by Today

The traffic police department of Mumbai may soon launch the ‘odd-even parking system’ on a pilot basis in Kalbadevi market area in south Mumbai, aimed at solving parking problems and road congestion. Implemented in world cities such as New York, under the odd-even parking system the vehicle has to be parked on either side of the road depending on whether it is an odd-numbered or an even-numbered day of the month.

After the state government made the Mhada as the planning authority for 56 colonies, the authority has now approved six of the 60 proposals submitted by various projects across Mumbai. The approval of proposals means that the city will soon have a new supply of over six lakh homes. Calling it a housing bonanza, the new supply will help the city overcome the space shortage it faces.

The line III of the Mumbai Metro is a 33.5-km underground corridor from Colaba in south Mumbai to Seepz in the north via Bandra. It is being implemented in phases with the first phase from Aarey Milk Colony to the airport to be thrown open by March 2021 while the second phase from Cuffe Parade is expected to open in December same year. Developed at an estimated cost of Rs 23,136 crore, the project will have 21 stations and advanced features to prevent subway flooding during rains.

The Maharashtra Housing and Area Development Authority (MHADA) will offer 1,000 housing units for sale under the MHADA Lottery Scheme 2018. Spread across localities, including Borivli, Ghatkopar, Mulund, Mankhurd, Goregaon and Vikhroli, the apartments are priced between Rs 15.35 lakh and Rs 1.42 crore.

In what is being touted as one of the biggest apartment deals in the country, RPG Group Chairman Harsh Goenka has bought a five-bedroom luxury sea-facing unit in Mumbai’s Malabar Hill for Rs 45.2 crore from Citibank India. The property, say media reports, was sold through an auction conducted by the bank recently.