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Plots in Mahabaleshwar Current Prices, Rates & Future Growth
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What is Mumbai 3.0?
Mumbai 3.0 refers to the next-phase growth corridor designed around planned infrastructure, improved connectivity, and large-scale real estate development. Unlike traditional Mumbai (1.0) and extended suburbs (2.0), Mumbai 3.0 real estate focuses on modern townships, commercial hubs, and smart residential clusters driven by new launch projects, expressways, and upcoming transit networks.
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Mumbai 3.0 vs Mumbai 2.0 – What’s the difference for homebuyers?
The major difference between Mumbai 3.0 vs Mumbai 2.0 is the development model.
Mumbai 2.0 includes developed suburbs like Thane, Navi Mumbai, and Western–Central belts.
Mumbai 3.0 expands toward future-growth zones with better affordability, premium township planning, and infrastructure-led appreciation.
For homebuyers, buying property in Mumbai 3.0 offers lower entry prices, higher ROI, and access to new launch apartments backed by connectivity upgrades.
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Where is the Mumbai 3.0 property zone located?
The Mumbai 3 O Zone, also known as the Mumbai 3.0 property belt, is located across emerging micro-markets such as Panvel, Navi Mumbai outskirts, Ulwe, Dronagiri, Kharghar extension, and areas aligned with MTHL, NMIA, MIDC growth clusters, and upcoming transit corridors. These zones are becoming hotspots for new launch apartments in Mumbai 3.0 due to infrastructure and industrial expansion.
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What is the proposed 3rd Mumbai?
The proposed 3rd Mumbai is a large-scale extension planned around Navi Mumbai International Airport (NMIA), MTHL influence zones, and NAINA development areas, aimed at creating a parallel, self-sustained urban hub. This proposal aligns with the concept of Mumbai 3.0, giving buyers and investors more scope for long-term value appreciation.
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What is the Mumbai 3.0 project by Blackstone?
The Mumbai 3.0 project Blackstone generally refers to investments from global firms like Blackstone in commercial, logistics, and mixed-use assets within the Mumbai 3.0 corridors. Their participation boosts confidence among homebuyers and investors looking at Mumbai 3.0 real estate, especially for commercial-driven appreciation.
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What is the Mumbai 3 O Zone?
The Mumbai 3 O Zone signifies an urban expansion cluster shaped around connectivity mega-projects, including MTHL, upcoming metro lines, coastal road extensions, and the Navi Mumbai airport. This zone has become one of the strongest markets for buying property in Mumbai 3.0 due to its strategic location and large inventory of new launch apartments in Mumbai 3.0.
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Why is Mumbai 3.0 becoming a preferred real estate destination?
Mumbai 3.0 real estate is gaining traction due to:
Modern township developments
Growth of commercial hubs
Infrastructure-led price appreciation
Proximity to NMIA and MTHL
Affordable ticket sizes compared to Mumbai 2.0
This makes it a top choice for those buying property in Mumbai 3.0 for both end-use and investment.
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Are new launch apartments in Mumbai 3.0 worth investing in?
Yes. New launch apartments in Mumbai 3.0 come with better layouts, amenities, and pricing benefits. Early buyers gain potential appreciation as the region develops further, making Mumbai 3.0 one of the most promising zones for investors seeking long-term returns.
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Will Mumbai 3.0 outperform Mumbai 2.0 in the future?
With evolving infrastructure, township-led development, and global investments, Mumbai 3.0 vs Mumbai 2.0 shows strong indicators that 3.0 regions will see faster appreciation in the medium to long term—especially as the airport, metro connectivity, and transit links become fully operational.
PMRDA, District Administration Push for Land Acquisition for Nashik Phata–Khed Elevated Corridor
In order to alleviate traffic congestion along the Pune–Nashik highway, the district administration and the Pune Metropolitan Region Development Authority (PMRDA) have stepped up their efforts to finish the land acquisition for the upcoming Nashik Phata–Khed elevated corridor.
Project Overview
The 30-km elevated corridor between Nashik Phata and Rajgurunagar (Khed) will be developed by the National Highways Authority of India (NHAI). The project, estimated at ₹7,827 crore, is expected to significantly reduce travel time and traffic snarls on this vital route, especially near industrial hubs like Chakan.
Land Requirement & Acquisition
Authorities have identified around 14 hectares of land needed for the project, primarily for entry and exit points. Out of this, 9.74 hectares belonging to around 150 landowners within PMRDA limits—covering villages such as Nanekarwadi, Waki Khurd, Waki Budruk, Chimbali, Kuruli, Medankarwadi, and parts of Chakan have been earmarked.
In areas under the Pimpri-Chinchwad Municipal Corporation (PCMC), particularly in Bhosari and Moshi, land acquisition is being facilitated through Transfer of Development Rights (TDR) and Floor Space Index (FSI) transfers.
Financial Support
To cover remaining acquisition costs, a proposal seeking ₹262 crore in state aid has already been submitted. Authorities have assured that landowners will receive due compensation for the acquired land.
Challenges Ahead
Concerns have been voiced by a few Chakan landowners who demand payment for their holdings and assert that previous acquisitions for highway construction were never formally transferred. If these disagreements are not settled right away, the process may be delayed.
Road Ahead
The district administration has set a goal to finish the land acquisition by October 2025. Following the conclusion of the bidding process, construction is anticipated to start. Once the corridor is up and running, it should improve connectivity to the Chakan MIDC belt and beyond while also providing relief to thousands of daily commuters.
Source: Times of India
K Raheja Corp Subsidiary Acquires 7.43 Acres in Mahalunge, Pune for ₹195 Crore
Mumbai-based real estate major K Raheja Corp, through its subsidiary KRC Queens Pvt Ltd, has acquired 7.43 acres of land in Mahalunge near Hinjewadi, on the outskirts of Pune, for ₹195 crore, according to property registration documents accessed by CRE Matrix.
Mahalunge Real Estate Developers Pvt Ltd sold the land parcel, which was designated for a residential township project. On July 21, 2025, the deal was registered after ₹13.67 crore in stamp duty was paid.
As per the agreement, the plot is part of a notified integrated township project and offers a development potential of 1.51 lakh sq. metres (16.28 lakh sq. ft.), translating to a saleable area of approximately 17 lakh sq. ft.
Mahalunge, which is close to the busy Hinjewadi IT district, has become one of Pune's most popular real estate areas because of its better infrastructure and close proximity to job hubs.
This purchase complements K Raheja Corp's most recent expansion efforts. . Earlier in January 2025, the developer entered into an agreement to purchase 5.75 acres of land in Mumbai’s Kandivali area for ₹466 crore.
The newly acquired land in Mahalunge is expected to be developed into a premium residential township, leveraging the area’s connectivity and demand from professionals working in nearby IT and commercial hubs.
Property Division Now Possible for Just ₹100: A Major Relief for Families and Farmers
In India, family property disputes have long been a source of stress, frequently lasting years because of ambiguous ownership and expensive registration fees. Because formal land division was costly, time-consuming, and legally complex, many families have avoided it until now. Instead, verbal agreements were common, leading to misunderstandings, conflicts, and in many cases, prolonged court battles.
In a major reform, the government has now simplified the rules for legal land division, allowing families to complete the process officially at a cost of just ₹100.
The New Simplified Process
According to recent reports, the process has been made much more transparent and affordable:
- Family Register Update – Every family member must be listed in the Parivarik Register maintained by the local Circle Officer. Missing names will not be eligible for a share.
- Application Submission – Applicants need to provide ID proof, land ownership documents, and family relationship certificates, such as a ration card or family ID.
- ₹100 Stamp Paper – After approval, families can purchase a ₹100 stamp paper on which the division details, such as boundaries, shares, and names of each member, are recorded.
- Legal Ownership Issued – Once verified and registered, each member receives official ownership documents, enabling them to sell, mortgage, or apply for government benefits.
Benefits of the Reform
For farmers: Having clear land ownership makes it easier for them to access government programs and obtain agricultural loans.
For women, stronger property rights are ensured by the legal recognition of their share.
For Families: Makes land distribution clear and legally binding, preventing future conflicts.
A Step Towards Transparency
Experts note that this initiative will reduce land-related litigation and bring clarity to property ownership. This action is anticipated to greatly reduce the burden of the millions of cases involving inheritance and division that are still pending in Indian courts. Additionally, it supports the government's overarching objective of establishing an effective, transparent, and fraud-free land record system that benefits both urban and rural households.
Conclusion
All societal segments can now afford property division thanks to the government's simplification of the procedure and reduction of the cost to just ₹100. This reform ensures economic strength for farmers, legal empowerment for women, and peace of mind for families by simplifying and lowering the cost of what was once a complex legal process.
Sources:
SCMM News
The Times of India
Hindustan Times
Residents Request Halt to PMRDA’s Auction of Amenity Plots, Seek Civic Use
Residents have urged the Pune Metropolitan Region Development Authority (PMRDA) to halt its proposed auction of amenity plots, emphasising that the land should instead be utilised for civic purposes.
The availability of essential community infrastructure, such as parks, schools, health facilities, water systems, and public safety facilities, may be impacted by the sale of these plots, the locals stressed. Amenity plots are designed to satisfy public needs in accordance with regional planning regulations.
PMRDA has planned the auction of 35 amenity plots across various areas in the region, with a combined estimated base value of approximately ₹91 crore. Earnest money deposits for the plots vary according to their size and location.
Officials from PMRDA stated that the auction is being conducted in line with the Unified Development Control and Promotion Regulations (UDCPR). Additionally, they mentioned that some plots are set aside for public buildings like cultural centres and libraries. Similar amenity plot auctions have been held in the area before by PMRDA.
In spite of this, locals insist that these plots are essential for community growth and shouldn't be viewed as extra resources for making money. They have called for these lands to be preserved for civic purposes, citing the need for public infrastructure to support local population growth and development.
Source:TOI
Hiranandani Group & Krisala Group Join Forces for 105 Acre Landmark Township in Pune
Global professional services firm Colliers India has successfully facilitated a major joint development deal in Pune between two leading real estate developers — Hiranandani Group and Krisala Group.
The land parcel, spanning 105 acres in North Hinjewadi, Pune, is owned by Hiranandani Group. Colliers India suggested that a joint development model would maximise results for both parties when the company was first being considered for sale. The team created a well-balanced joint development agreement for a mixed-use project that would benefit both developers by minimizing up-front expenses and optimising potential returns.
The project is especially appealing because of the land's advantageous location. Professionals and locals alike can easily access North Hinjewadi thanks to the expanding infrastructure connectivity between Mumbai and Pune. Pune has a lot of potential for residential and commercial development because of the city's growing urban demand and the fast growth of its IT hubs.
In order to meet the needs of the present market and changing lifestyle trends, the future mixed-use township is designed to have high-end residential apartments, shops, and contemporary conveniences. It is anticipated that the partnership between Hiranandani Group and Krisala Group will establish a standard for excellent, punctual, and carefully thought-out developments in the area.
Source: The Reality Today
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