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

Thane–Borivali tunnel excavation begins with TBM Nayak launch

Mumbai News Desk

09 Apr 2026

The Thane-Borivali twin tunnel project has entered the execution phase with the launch of tunnel boring machine Nayak in Thane. The 11.84 km underground corridor, being developed by the Mumbai Metropolitan Region Development Authority, aims to cut travel time between the two locations to about 15 minutes. While tunnelling has started from the Thane end, work at the Borivali side is facing delays due to pending rehabilitation. The project involves complex construction beneath Sanjay Gandhi National Park and is targeted for completion by 2028.Read more

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Deonar landfill clearance approved to support Dharavi rehabilitation plan

Mumbai News Desk

09 Apr 2026

The Maharashtra Coastal Zone Management Authority has cleared the proposal to scientifically treat and remove legacy waste at the Deonar dumping ground, enabling its use for rehabilitating ineligible residents from the Dharavi Redevelopment Project. The plan involves processing around 18.5 million tonnes of waste and unlocking land for housing. While eligible residents will be accommodated within Dharavi, others will be shifted to locations such as Deonar, Bhandup, and Madh. The move also addresses long-standing environmental concerns linked to the landfill while supporting Mumbai's multi-location rehabilitation strategy.Read more

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Mulund dump cleanup delayed again as contractor seeks third extension

Mumbai News Desk

09 Apr 2026

The biomining project at Mumbai's Mulund dumping ground has been delayed again, with the contractor seeking a third extension due to fuel supply disruptions linked to the West Asia conflict. The shortage of diesel has affected the operation of heavy machinery, slowing waste processing. The INR 731 crore project, aimed at clearing legacy waste and reclaiming land, is nearing completion but has faced repeated delays due to the pandemic, weather conditions and operational issues. Civic authorities have raised concerns over continued extensions as only a limited portion of waste remains.Read more

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Lodha Worli

09 Apr 2026

Mumbai City, India

Lodha Worli offers luxury 4 & 5 BHK residences (3300-4400 sq ft) in South Mumbai's premium Worli neighbourhood, featuring expansive landscaped greens, world-class amenities, and exceptional connectivity to business districts and the Sea Link. New launch project designed for elite living with possession expected Jun 2033.

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Kurla and Ghatkopar continue to face rising illegal hawking issues

Mumbai News Desk

08 Apr 2026

Kurla and Ghatkopar remain among Mumbai's most affected areas when it comes to illegal hawking, leading to congestion and safety concerns. Repeated action by the Brihanmumbai Municipal Corporation has failed to provide long-term relief, as hawkers often return soon after eviction drives. Busy locations near railway stations and major roads are the most impacted. The issue continues despite court directions and planned regulations, pointing to gaps in enforcement, lack of proper hawking zones, and challenges in managing the large number of unlicensed vendors operating in the city.Read more

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Shreya Ghoshal family buys INR 29.70 crore luxury apartment in Worli

Mumbai News Desk

08 Apr 2026

Shreya Ghoshal and her parents have purchased a premium apartment in Mumbai's Worli for INR 29.70 crore. The unit is located in the Godrej Trilogy project and offers a carpet area of around 2,430 sq ft along with three parking spaces. The deal was registered recently and involved a stamp duty payment of about INR 1.78 crore. The transaction reflects steady demand for luxury housing in Worli, which continues to attract high-net-worth buyers due to its central location and connectivity.Read more

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BMC clears three-tier alternative reservoir plan at Malabar Hill

Mumbai News Desk

08 Apr 2026

The Brihanmumbai Municipal Corporation has approved a three-tier alternative reservoir at Malabar Hill to ensure uninterrupted water supply during repairs of the ageing reservoir. The planned facility will have a capacity of 52 MLD and include underground, ground-level, and elevated storage structures. The move follows earlier scrapped reconstruction plans due to environmental concerns, especially around Hanging Gardens. The project has undergone several revisions, including technical inputs from experts. Authorities are currently reviewing visual impact concerns before moving ahead with tendering and execution.Read more

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BMC plans to justify full land requirement for Worli STP amid rising sewage load

Mumbai News Desk

08 Apr 2026

The Brihanmumbai Municipal Corporation is preparing to justify its demand for the entire land parcel reserved for the Worli sewage treatment plant, following questions raised by the Bombay High Court. The civic body has linked the revised requirement to increasing sewage generation due to rapid redevelopment and higher population density in the area. The issue is part of an ongoing legal dispute over the reduction of reserved land and its partial use for a slum rehabilitation project. The state government is expected to take a final decision after reviewing the proposal.Read more

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BMC flags lapses in handling dangerous buildings, warns of strict action

Mumbai News Desk

08 Apr 2026

The Brihanmumbai Municipal Corporation has identified serious lapses in how dangerous buildings and redevelopment cases are being handled across Mumbai and has warned of disciplinary action against responsible officials. Several ward offices were found not following standard procedures or updating records on the central monitoring system. Irregularities were also observed in redevelopment approvals under DCPR 2034, especially in tenant verification and documentation. The action follows a recent case in Prabhadevi and aims to improve accountability, ensure compliance, and prevent revenue losses.Read more

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Lodha Elaris

08 Apr 2026

Mumbai City, India

Lodha Elaris offers premium 4 BHK residences (1927 sq ft carpet) with expansive decks in a lush 5-acre township featuring mangroves and a 2.5-acre central garden. Amenities include infinity pool, world-class gym, clubhouse, tree groves, temples, sports courts, and kids' zones, with excellent connectivity to Vikhroli station (0.7 km) and Eastern Express Highway. New launch tower with possession Dec 2030.

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Court grants bail to three officials in Mulund Metro parapet collapse case

Mumbai News Desk

07 Apr 2026

A Mumbai sessions court has granted bail to three officials linked to the Metro Line 4 project in the Mulund parapet collapse case that caused one death and injured three people. The court observed that the incident appeared to be due to a lapse during on-site execution, particularly a welding-related error, rather than direct negligence by the officials. It also noted that custodial interrogation was complete and the accused had no criminal background. The case continues to be investigated, with focus on construction practices and accountability in large infrastructure projects.Read more

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Mumbai Metro rolls out simpler timetables as new lines 9 and 2B begin operations

07 Apr 2026

The Mumbai Metropolitan Region Development Authority has revised metro timetables across key corridors to improve travel efficiency and network integration. The changes come with the launch of Metro Line 9, connecting Dahisar East to Kashigaon, and Metro Line 2B Phase 1, linking Mandale to Diamond Garden. These additions expand connectivity to Thane and Harbour Line areas. The updated schedules focus on better frequency, predictable services, and corridor-wise operations. Integration between Line 7 and Line 9 enables direct travel across suburban stretches, while Line 2A now runs independently to improve reliability.Read more

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Mumbai’s PAP housing shortage slows pace of infrastructure projects

Mumbai News Desk

07 Apr 2026

Mumbai is facing a significant shortage of housing for project-affected persons (PAPs), which is impacting the pace of infrastructure development. The civic body requires nearly 75,000 rehabilitation units but has access to only about 8,000, creating a large gap. Policy tools like TDR have not fully translated into adequate housing supply, while concerns over misuse and delays persist. Authorities are now considering converting SRA transit camps into permanent units and have formed a coordination committee to address the issue and improve execution.Read more

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Mumbai’s Elphinstone bridge removed, double-decker connector project to move ahead

07 Apr 2026

Mumbai's Elphinstone Road overbridge, a key link between Parel and Prabhadevi, has been completely demolished to make way for a new double-decker road overbridge. The project is part of a larger plan to expand suburban railway capacity and improve east-west connectivity in central Mumbai. The ageing bridge, which had been shut for redevelopment, was dismantled through carefully planned railway blocks with minimal disruption. The upcoming structure, linked to the Sewri-Worli Elevated Connector, is expected to ease congestion, improve safety, and support growing traffic demand in the area.Read more

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Ace Marvel

07 Apr 2026

Mumbai City, India

Ace Marvel in Mulund West offers premium 1, 2 & 3 BHK apartments with modern amenities and excellent connectivity to Mulund station and Eastern Express Highway. Ideal for families seeking convenience near schools, hospitals, and retail hubs in this prime Mumbai suburb.

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BMC’s smart parking project set to transform city commuting

Mumbai News Desk

06 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) is moving forward with its smart parking project, nearly six years after it was first proposed. The initiative aims to consolidate all public and private parking spaces into a single digital platform accessible via a mobile app or web portal, allowing motorists to view and reserve parking slots in advance. With over 350 on street and 26 off street parking locations, the system also plans to include residential associations spaces during daytime. The project has an initial budget of INR 3 crore and is expected to ease parking shortages and traffic congestion across Mumbai.Read more

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Oberoi Realty adds Malabar Hill project to growing redevelopment portfolio

Mumbai News Desk

06 Apr 2026

Oberoi Realty has signed a development agreement to redevelop a 1,740 sq metre land parcel in Mumbai's Malabar Hill, one of the city's most premium residential areas. The project, to be executed with adjoining societies under a cluster redevelopment model, is expected to generate up to 51,000 sq ft of free-sale area. This comes soon after the company secured a larger redevelopment deal at Peddar Road. The move reflects its steady focus on South Mumbai, where limited land supply and strong demand continue to drive redevelopment activity.Read more

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NICCO Sundermilan

06 Apr 2026

Mumbai City, India

New India NICCO Sundermilan offers exclusive 2 BHK apartments (495-763 sq ft carpet) in Sunder Nagar, Malad West, Mumbai across 4 buildings with 280 units. Amenities include power backup, 24x7 security, CCTV, kids' play areas, jogging track, yoga areas, fire fighting systems, and treated water supply. New launch (Mar 2026) with possession Dec 2029; well-connected to Malad station, schools, and hospitals like Dr Kapadi Nursing Home (0.26 km).

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Mumbai signs strategic partnership with Moscow to boost urban development and global cooperation

05 Apr 2026

A strategic partnership has been signed between the Mumbai Metropolitan Region Development Authority (MMRDA), the Maharashtra government, and the Government of Moscow to strengthen urban development cooperation. The agreement focuses on infrastructure, innovation, tourism, healthcare, and skill development. It aims to bring global expertise to the Mumbai Metropolitan Region (MMR) and support its growth as a major economic hub. With MMR already contributing around 5-6% to India's GDP and targeting USD 300 billion economic output by 2030, the collaboration is expected to support long-term planning, improve infrastructure delivery, and enhance overall urban living standards.Read more

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Mumbai plans parking restrictions in narrow lanes to improve emergency access amid rising congestion concerns

05 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) is planning to impose parking restrictions in narrow lanes across Mumbai to address obstruction faced by emergency services. The move, under consideration in the past week, targets densely populated localities such as Kalbadevi, Girgaon, and Byculla, where illegal and haphazard parking has been delaying fire engines and ambulances. Authorities are evaluating measures including odd-even parking and no-parking zones in highly congested stretches. Industry stakeholders have highlighted that the issue reflects a broader infrastructure gap, calling for integration of structured and technology-driven parking solutions in urban planning. The development comes amid increasing vehicle ownership and limited availability of organised parking infrastructure in older parts of the city.Read more

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