03 Mar 2026

A small accident at the Sewri-Worli Elevated Connector project site saw a steel reinforcement bar fall and injure a passerby during ongoing pier work. The individual received treatment at Glenn Eagle Hospital, including four stitches, and is now stable. MMRDA's Executive Engineer visited the site and hospital to monitor the situation. The authority will cover all medical costs and support full recovery. Show-cause notices have been issued to the Project Management Consultant and contractor, while a safety review and stricter supervision measures have been implemented to prevent future incidents.Read more

03 Mar 2026

Senior officials from KPMG International met with Dr. Sanjay Mukherjee, Metropolitan Commissioner of MMRDA, to explore the adoption of global best practices in contract management and infrastructure governance. The discussions, led by Ms. Lisa Kelvey and Mr. Suneel Vora, focused on frameworks for risk allocation, procurement reforms, performance monitoring, and dispute avoidance in large-scale projects across the Mumbai Metropolitan Region. Emphasizing efficiency, fiscal discipline, and digital oversight, the engagement aims to strengthen MMRDA's project delivery and governance systems, marking a step towards aligning the authority's infrastructure projects with international standards.Read more

Mumbai News Desk

03 Mar 2026

Mumbai's Coastal Road (North) and the Goregaon-Mulund Link Road (GMLR) are progressing as per schedule, with the BMC projecting completion by 2029 and 2028, respectively. The Coastal Road (North) will run from Versova to Dahisar, and the GMLR will connect Mindspace Malad Junction to Goregaon (E), improving north-south and east-west connectivity. All necessary clearances from environmental, maritime, and legal authorities have been secured. These projects follow the partially inaugurated Coastal Road (South) and aim to streamline travel, reduce congestion, and deliver significant infrastructure milestones ahead of upcoming elections.Read more

03 Mar 2026

Singapore's Consul-General in Mumbai, Mr. Cheong Ming Foong, met with MMRDA Commissioner Dr. Sanjay Mukherjee to discuss strengthening Singapore MMRDA collaborations and accelerating implementation of the Davos MoUs. The talks covered progress on projects involving Surbana Jurong and Sembcorp, as well as potential investments from Singaporean financial institutions like Mapletree, Ascendas Firstspace, and JM Financial Singapore. Dr. Mukherjee highlighted that the approved MMRDA Land Disposal Policy will facilitate transparent land allocation and help convert strategic MoUs into actual on-ground projects aligned with industrial, logistics, and sustainable infrastructure priorities.Read more

Mumbai News Desk

03 Mar 2026

A 95-year-old Borivali resident, Anusuya Devrukhkar, has sought criminal proceedings against land acquisition officials and a private builder over the alleged wrongful disbursal of more than INR 87 crore in compensation for her family's land reserved for a public garden. The family has accused authorities of releasing over INR 60 crore to the builder on the basis of disputed 1992 documents and ignoring safeguards meant for Scheduled Caste landowners under the 2013 land acquisition law. Recovery of funds is ongoing, and multiple appeals are pending before the Bombay High Court.Read more

Mumbai News Desk

03 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) house has approved a proposal to raise the property tax exemption limit for residential units from 500 sq ft to 700 sq ft. If cleared by the Maharashtra government, the move will extend full tax relief to nearly two lakh additional homes, taking the total exempt properties in Mumbai to around 17 lakh. While the proposal is expected to benefit middle-class and small homeowners, it could increase the civic body's annual revenue loss from about INR 400 crore to nearly INR 700 crore.Read more

02 Mar 2026

Mumbai's road network in the central corridor has received a major boost with the opening of the Tardeo Nagpada Mumbai Central flyover. Maharashtra Chief Minister Devendra Fadnavis inaugurated the 333-metre structure via videoconference in the past week, in the presence of Deputy Chief Minister Eknath Shinde. The flyover replaces a 130-year-old British-era bridge that had been declared unsafe and dismantled nearly two years ago. Built by the Brihanmumbai Municipal Corporation ahead of schedule, the project is expected to ease congestion and significantly improve east-west traffic movement in South Mumbai.Read more

Mumbai News Desk

02 Mar 2026

Bollywood actor Shraddha Kapoor has renewed the lease on her premium sea-facing apartment in the Prime Beach building in Juhu, Mumbai, agreeing to pay a monthly rent starting at INR 6 lakh, according to property registration documents reviewed from the Inspector General of Registration (IGR) records. The lease renewal, registered in February 2026, is for a 12-month term, making the total rental value for the period INR 72 lakh. The apartment spans approximately 365 sq metres (about 3,929 sq ft) and includes four dedicated car parking spaces. The renewal follows a prior lease registered in October 2024 and reflects sustained demand for high-end residential rentals in Mumbai's coveted Juhu locality, one of the city's most sought-after neighbourhoods for premium real estate. The agreement attracted a stamp duty payment of INR 36,000 and registration charges of INR 1,000.Read more

02 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has proposed a total budget outlay of INR 80,952.56 crore for the financial year 2026-27, reflecting an increase of 8.77 per cent over the previous year's estimate. Capital expenditure has been set at INR 48,164.28 crore, marking a rise of nearly 11.6 per cent compared to the revised allocation for FY26, underscoring a continued focus on infrastructure-led spending. Revenue expenditure has also been increased, alongside higher projected revenue income driven partly by improved property tax collections. The budget was tabled earlier this week by Municipal Commissioner Bhushan Gagrani and comes after downward revisions to both capital and revenue spending in the ongoing fiscal following expenditure rationalisation measures.Read more

Mumbai News Desk

02 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has initiated steps to auction 12 properties across Mumbai to recover over INR 269 crore in long-pending property tax dues. Final notices have been issued to defaulters, giving them 21 days to clear payments before e-auction proceedings begin. The properties include commercial buildings, vacant plots and mixed-use sites in prime locations such as Fort, Bandra, Andheri and Santacruz. The action is part of BMC's ongoing drive to improve tax recovery and strengthen municipal revenues amid rising arrears.Read more

Mumbai News Desk

01 Mar 2026

The Bombay High Court has partly upheld an arbitral award in favour of Mumbai Metro One Pvt Ltd (MMOPL) in its dispute with the Mumbai Metropolitan Region Development Authority (MMRDA) over cost escalation in Metro Line 1. While the court accepted that project delays led to higher costs, it significantly reduced the compensation earlier granted by the tribunal. Several additional claims, including overheads, financing costs and loss of profit, were rejected due to insufficient proof. The ruling follows a long legal battle arising from delays in executing Mumbai's first metro corridor.Read more

Mumbai News Desk

01 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has allocated INR 7,456 crore for the health department in its 2026-27 budget, marking a marginal increase over last year. A key project includes a 16-storey multi-specialty hospital in Kamathipura, expected to be completed by May 2027. The civic body will also introduce artificial intelligence-based diabetic retinopathy screening and open three dialysis centres under public-private partnership. However, revenue spending has seen only limited growth, raising concerns about operational capacity in existing civic hospitals.Read more

01 Mar 2026

The Parel Sewri stretch in central-eastern Mumbai is witnessing a gradual repositioning as a potential luxury residential micro-market, driven by large-scale infrastructure upgrades and land availability. Improved connectivity through the Mumbai Trans Harbour Link, originating near Sewri, has strengthened access to Navi Mumbai, while proposed road and connector projects are set to enhance links with South and Central Mumbai. Parel's established luxury housing ecosystem, shaped by mill land redevelopment, is now converging with Sewri's industrial land parcels, which are beginning to attract residential and mixed-use interest. Industry stakeholders point to the availability of larger plots, infrastructure-led regeneration and waterfront adjacency as factors supporting premium housing formats. The shift reflects a broader eastward expansion of Mumbai's luxury residential landscape beyond traditional western corridors.Read more

Mumbai News Desk

01 Mar 2026

The Bombay High Court has ruled that the Enforcement Directorate's arrest of Prateek Kanakia, co-founder of The Green Billions Limited, was illegal and without sufficient justification under the Prevention of Money Laundering Act. The court quashed the remand orders passed by the PMLA court and directed his release with conditions. The case stems from alleged diversion of INR 50 crore from an INR 80-crore loan sanctioned for a Pune waste management project. The court noted lack of evidence linking Kanakia to the diverted funds and absence of non-cooperation.Read more

01 Mar 2026

Mumbai's property investment landscape in 2026 is being shaped by a combination of large-scale infrastructure delivery, expanding transit networks and a growing preference for lifestyle-oriented residential formats. Several micro-markets across the city and its periphery are emerging as key investment destinations, spanning established luxury corridors, evolving commercial-residential hubs and plotted development zones. Locations such as Chembur and Mulund are benefiting from improved regional connectivity, while Panvel's growth is being driven by airport-led infrastructure and integrated township development. Peripheral markets like Karjat are drawing interest for plotted and second-home formats, while western suburbs including Malad and Goregaon continue to see steady demand for premium housing. Together, these markets reflect a broader shift towards connectivity-led, long-term residential investment opportunities across the Mumbai Metropolitan Region.Read more

01 Mar 2026

South India-based residential developer Casagrand Premier Builder Limited has expanded its operational footprint in western India with the inauguration of a development office in Mumbai. Located in Lower Parel, the new office is intended to serve as a strategic base for the company's growing focus on Maharashtra, where it already has an ongoing residential project in Pune. The inauguration was attended by Shaina NC and the company's Chairman and Managing Director Arun Mn, along with senior leadership. Casagrand, which has built a portfolio of more than 180 projects across India and Dubai, has traditionally been concentrated in southern markets. The Mumbai office reflects its long-term intent to deepen engagement with western India's real estate ecosystem, including consultants, partners and homebuyers, while strengthening operational execution in the region.Read more

Mumbai News Desk

01 Mar 2026

Construction of a proposed jetty at Cuffe Parade in south Mumbai was stopped after it emerged that mandatory Coastal Regulation Zone (CRZ) permissions had not been obtained. The project, initiated by the Maharashtra Fisheries Development Corporation, faced strong opposition from residents who said it would impact a community-developed promenade. The Cuffe Parade Residents Association claimed to have spent over INR 30 crore on maintaining the space. They also raised concerns about encroachments, illegal structures and questioned the need for another jetty when the nearby Vadwapa jetty already serves local fishermen.Read more