SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Mumbai City

Architects raise concerns over Mahalaxmi Racecourse redevelopment plan in Mumbai

Mumbai News Desk

25 Feb 2026

A group of 102 architects, planners, and designers from the Mumbai Architects Collective has opposed the redevelopment plan of the Mahalaxmi Racecourse, raising concerns about underground construction, parking structures, and tunnels. They have urged the Maharashtra government and MCGM to provide full transparency on lease terms, development rights, funding, and environmental impact. While supporting better public access, they warn that large-scale excavation could damage natural drainage, reduce open space, and affect flood management. They recommend directing resources to maintain and improve existing municipal gardens and parks instead.Read more

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Mumbai civic budget to focus on infrastructure, water projects and revenue reforms

Mumbai News Desk

25 Feb 2026

The Brihanmumbai Municipal Corporation (BMC) is set to unveil its annual budget, focusing on large infrastructure and water projects. Major allocations will target Phase 2 of the Coastal Road, the Goregaon-Mulund Link Road (GMLR), the Gargai-Pinjal dam project, and wastewater treatment facilities. To fund these initiatives, the BMC is exploring property tax revisions and municipal bonds. With capital projects totaling nearly INR 1.5 lakh crore and only half of reserves available, the civic body aims to balance ambitious development goals with sustainable revenue sources for Mumbai's long-term urban growth.Read more

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Mumbai set to get 70-hectare “green necklace” along Coastal Road

Mumbai News Desk

25 Feb 2026

Mumbai is planning a 70-hectare coastal park, termed the Green Necklace,stretching from Priyadarshini Park near Nepeansea Road to Worli, complementing the city's Marine Drive Queen's Necklace. The project will feature nearly 60,000 trees, forests, gardens, sports spaces, promenades, and plazas. About 80% of the area will be softscape with native coastal plants designed to withstand wind, saline soil, and sea spray. Developed by Reliance Industries Ltd under CSR in coordination with BMC, the masterplan involves six international firms and aims to enhance public access, biodiversity, and green cover along Mumbai's waterfront.Read more

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Rustomjee Vista Bay

25 Feb 2026

Mumbai City, India

Rustomjee Vista Bay offers exclusive 2 & 3 BHK apartments in Parel Extension/Sewri, Mumbai. Features low-density luxury living with rooftop infinity pool, gym, and prime connectivity to BKC and Eastern Freeway.

View Website | Visit RERA website

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Mumbai’s 112-year-old Elphinstone bridge dismantling advances as August 2026 completion target set

Mumbai News Desk

24 Feb 2026

The dismantling of Mumbai's 112-year-old Elphinstone Road Over Bridge is progressing in carefully planned railway blocks over active tracks of Western and Central Railway. MahaRail has already removed the western span and is working on the central and eastern sections, which require precision crane operations and temporary lowering of overhead wires. The bridge will be replaced with a double-deck structure featuring a single 132-metre girder fabricated in Noida. The revised completion target has been advanced to August 2026, ahead of the earlier October timeline.Read more

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Purva Estrella

24 Feb 2026

Mumbai City, India

Purva Estrella is a luxury residential project by Puravankara Limited in Lokhandwala, Andheri West, Mumbai. It offers spacious 2, 3, and 4 BHK apartments (999-1817 sq ft carpet) across multiple towers with premium amenities like rooftop pools, gyms, and landscaped decks. Prime location next to Infinity Mall with excellent metro and highway connectivity.

View Website | Visit RERA website

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Mumbai launches integrated digital platform to transform urban transportation

23 Feb 2026

Mumbai has launched the Mumbai Transport Stack, a digital platform designed to connect all modes of transport, including metro, bus, and rail, under one integrated system. Developed by MMRDA in partnership with JICA and supported by JICA Dx Lab, the platform follows the principles of open-source design, privacy, security, and future scalability. It will enable real-time tracking, trip planning, end-to-end ticket booking, and access to parking information, while also providing open APIs for startups and innovators. The system aims to enhance urban planning, improve travel reliability, and create a seamless commuting experience for residents.Read more

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MMRDA and contractors yet to submit report on Metro Line 4 slab collapse in Mulund

Mumbai News Desk

23 Feb 2026

A week after a parapet slab from an under-construction Metro Line 4 structure collapsed on LBS Marg in Mulund, killing one person and injuring three, the Mumbai Metropolitan Region Development Authority and its contractors are yet to submit a detailed incident report to the police. Investigators have told the court that the precast parapet was installed without proper concreting and safety precautions. Several officials from the contractor and consultant teams have been booked for alleged negligence, and the probe into construction practices is ongoing.Read more

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Metro line 4 beam near Shreyas Cinema found safe after inspection, excess slurry removed

23 Feb 2026

The Mumbai Metropolitan Region Development Authority has clarified concerns regarding a visible line on a beam near the proposed Shreyas Cinema Metro Station on Metro Line 4. After inspection, the project team confirmed that the mark was excess concrete slurry used during construction and not a structural crack. The surplus material was removed during the past week. Officials stated that no cracks were detected in the beam and that the structure remains safe, stable, and secure. Updated site photographs were also shared following the removal work.Read more

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S Raheja Verdana

23 Feb 2026

Mumbai City, India

S Raheja Verdana is a luxury residential project by S Raheja Realty in Vile Parle West, Mumbai. It offers exclusive 3 and 4 BHK apartments ranging from 1,519 to 3,597 sq ft in a boutique development with just 6 units on 0.2 acres. Launched in January 2026 with possession by December 2028, it promises premium living near Vile Parle railway station, NMIMS college, and shopping hubs like Shoppers Stop.

View Website | Visit RERA website

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Mehta Realty launches Mehta Marquina, positioning East Goregaon as a wellness-led residential micro-market

22 Feb 2026

Mehta Realty has announced the launch of Mehta Marquina, a 38-storey residential development in East Goregaon, positioned as a wellness-centric, low-density living offering adjacent to the Aarey Forest. Drawing on the developer's 48-year legacy, the project combines 2 and 3 bed deck residences with an emphasis on spatial openness, sustainability and restorative living. Designed to balance urban connectivity with environmental sensitivity, Mehta Marquina integrates nature-facing layouts, layered amenity zones and green building practices. The development is IGBC Gold Pre-Certified and is being positioned as a long-term value asset amid steady price appreciation in East Goregaon, supported by infrastructure upgrades, metro connectivity and constrained premium housing supply in the micro-market.Read more

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Missing construction debris from Mumbai redevelopment sites triggers civic crackdown

Mumbai News Desk

21 Feb 2026

A civic scrutiny in Mumbai has revealed that construction debris generated from nearly 2,000 redevelopment projects was not transported to authorised dumping or recycling locations. The findings raised concerns within the Brihanmumbai Municipal Corporation after it emerged that builders repeatedly listed the same limited sites for debris disposal, which could not have handled such volumes. Environmental groups have linked the missing debris to illegal dumping in ecologically sensitive areas. The issue has led to a temporary freeze on approvals for several redevelopment projects across the city.Read more

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Paradigm Realty unveils ultra-luxury double-height lobby at Anantaara, Borivali West

21 Feb 2026

Mumbai-based developer Paradigm Realty has unveiled an ultra-luxury double-height designer lobby at Paradigm Anantaara, its 41-storey flagship project in Borivali West. The developer said the lobby sets the tone for the project's positioning as a premium lifestyle address, combining grand proportions, curated interiors and high-end materials with integrated security features. Nearly 500 ft tall and located in Shimpoli, the tower offers 3, 4 and 6 BHK deck residences with views of Sanjay Gandhi National Park, the Global Pagoda and the Arabian Sea. The company said the lobby launch marks the first of several experiential reveals planned for the project, including a podium-level amenity zone and a rooftop sky deck with an infinity pool.Read more

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Aon consolidates Mumbai offices into One Unity Centre, Lower Parel

20 Feb 2026

Global professional services firm Aon plc has consolidated its three Mumbai offices into a single corporate hub at One Unity Centre in Lower Parel, bringing together around 450 employees. The move aims to strengthen collaboration between its Risk Capital and Human Capital teams and deliver integrated solutions to clients. The new workspace features digitally enabled meeting rooms, flexible collaboration zones and employee-focused amenities, aligned with Aon's smart working strategy. With 17 offices across India, including Bengaluru, Noida and Gurugram, Aon continues to expand its footprint. The consolidation reinforces Lower Parel's position as a prime commercial real estate destination in Mumbai.Read more

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Limited BEST bus routes on Mumbai coastal road draw commuter criticism

Mumbai News Desk

20 Feb 2026

The Mumbai coastal road, built to ease congestion and cut travel time, is facing criticism due to limited public transport usage. Despite having a dedicated BEST bus lane, only two bus routes currently operate on the corridor with low frequency. Commuters say long waiting times reduce the benefit of the signal-free road and force many to rely on private vehicles. Transport experts and citizens believe the infrastructure is underused and stress that higher bus frequency is essential for the project to deliver wider public value.Read more

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IATA flags concerns over Mumbai airport’s plan to suspend cargo flights for infrastructure upgrade

20 Feb 2026

The International Air Transport Association has expressed concern over Mumbai airport's plan to suspend dedicated cargo aircraft operations from August 2026 to May 31, 2027 for major infrastructure upgrades. The airline body said it sought clarification from Mumbai International Airport Ltd in January but has not received a response. The airport operator has cited safety and capacity constraints due to extensive taxiway and apron reconstruction works. The proposed suspension could impact cargo movements at one of India's busiest air freight hubs.Read more

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Safety concerns around Kurla-Halav bridge work intensify after Mulund metro accident

Mumbai News Desk

20 Feb 2026

Ongoing construction of the Kurla-Halav Bridge in Mumbai has come under closer scrutiny after a fatal accident at an under-construction metro site in Mulund earlier this week. Residents living near the bridge alignment have renewed concerns over safety standards, restricted road width, and emergency access, stating that their objections had been raised much before the recent incident. The Mulund accident, in which a metro parapet collapsed onto a busy road, has strengthened local demands for stricter monitoring, clearer accountability, and a reassessment of construction methods at congested urban sites.Read more

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Mumbai office rents rise 8 % in Q4 2025, solidifying city’s global leadership in pricing

Mumbai News Desk

20 Feb 2026

Mumbai's office real estate market recorded an 8 % year-on-year increase in prime rents during the fourth quarter of 2025, reinforcing its position among the world's most expensive office markets, according to a global real estate report. The rise was driven by strong demand for Grade-A space from multinational corporations, financial services firms and technology occupiers, particularly in micro-markets such as Bandra-Kurla Complex (BKC), Lower Parel and Nariman Point. Despite broader economic uncertainties, occupiers continued to prioritise premium locations, lifting overall rents. Vacancy rates narrowed slightly on sustained net absorption, while new supply remained controlled. Across major Indian cities, Mumbai led rental growth, outpacing peers such as Delhi NCR and Bengaluru. The report noted that Mumbai's robust office market fundamentals and limited availability of prime inventory were key factors supporting upward pressure on rents.Read more

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BMC demolishes unauthorised structures at HR College, Churchgate, disrupting campus operations

Mumbai News Desk

20 Feb 2026

The Brihanmumbai Municipal Corporation (BMC) recently demolished unauthorised portions at H R College of Commerce and Economics in Churchgate, after the institution failed to produce approved building plans or valid permissions. The removed structures included asbestos terrace sheds, rooms on staircase landings from ground to fifth floor, and two mezzanine floors in the library and under the registrar's office. The action followed repeated notices and rejected regularisation applications dating back to mid 2024. College authorities reported disruption of HSC examinations and shifted some classes online while seeking to regularise remaining constructions.Read more

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Bombay High Court questions BMC’s inaction on open cremations at Manori Beach despite standing ban

Mumbai News Desk

20 Feb 2026

The Bombay High Court expressed strong concern over the Brihanmumbai Municipal Corporation's failure to prevent open cremations on a disputed plot at Manori Beach, even though the land has been under clear court restrictions for years. The court observed that any activity on the site, including cremation rites, was prohibited under earlier orders. It rejected the civic body's claim that the practice continued due to local sentiment and directed the BMC to ensure that all cremations are shifted to authorised facilities without delay.Read more

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