21 Dec 2025

A premium bungalow property on Linking Road in Santacruz West has been sold for INR 164 crore, making it one of the significant high-value residential land deals in Mumbai's western suburbs. Known as Dwarka Bungalow, the plot spans about 13,629 sq ft and includes an old ground-plus-one structure. The buyer, ZYJ Estates LLP, is linked to luxury real estate developers, with the acquisition driven largely by redevelopment potential. Santacruz West continues to attract such transactions due to limited land availability, strong connectivity and proximity to Bandra Kurla Complex. The deal highlights sustained demand for prime redevelopment plots in established luxury residential micro-markets.Read more

20 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) has proposed increasing the minimum fine for air pollution violations at construction sites from INR 10,000 to INR 50,000. The move is aimed at ensuring stricter compliance among nearly 2,000 active construction projects in the city. Enforcement teams have been actively monitoring sites, issuing show cause notices, deploying misting machines, and cleaning roads. While recent data indicates some improvement in air quality compared with last year, pollution from construction remains a significant concern in Mumbai, prompting authorities to strengthen both monitoring and penalties.Read more

20 Dec 2025

The Bhubaneswar Development Authority has announced plans to develop Hatiasuni Park in Maitree Vihar into a modern green public space at an estimated cost of INR 1.36 crore. Spread across nearly two acres of vacant land, the park will feature walking tracks, seating areas, children's play zones and dedicated spaces for senior citizens. The design will include native plants, open lawns and eco-friendly landscaping to support recreation and environmental benefits. The project addresses long-standing demand for a community park in the residential area. Construction is expected to begin shortly and be completed within four months, adding a new recreational hub for local residents.Read more

Mr Vivek Mohanani, CEO and Managing Director, Ekta World

20 Dec 2025

Redevelopment is rapidly transforming Mumbai's housing landscape, turning ageing societies across the city and suburbs into modern high-rise communities while unlocking strong investment returns. From the Bandra-Khar-Santacruz belt to the island city and emerging central and peripheral markets, progressive policies, improved FSI norms and infrastructure upgrades are reshaping capital values and rental yields. Early investors and society members are benefiting from larger homes, better amenities and higher asset values, while developers leverage additional FSI and strong free-sale demand. With connectivity projects acting as a value multiplier, redevelopment is emerging as a key driver of long-term returns across Mumbai's evolving residential markets.Read more

20 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) has started the process to auction around six acres of land belonging to the former Century Cotton Textile Mill in Worli, Mumbai, with a base price of INR 1,348 crore. The move follows a Supreme Court ruling earlier this year that confirmed BMC's ownership of the land after a prolonged legal dispute. The plot will be leased for 30 years with a renewal option, and development will have to follow the city's planning rules while addressing existing tenant occupancy.Read more

19 Dec 2025

Bollywood actor Kareena Kapoor has leased her Bandra West apartment in Mumbai for a monthly rent of INR 2.75 lakh, according to property records. The lease is for three years, with a security deposit of INR 8.25 lakh, and includes a 5% rent increase after the first year. The apartment, located in the Land Breeze building, benefits from Bandra West's strong connectivity and premium neighbourhood appeal. The deal follows a similar lease renewal by Kareena's sister, Karisma Kapoor, highlighting Bandra West's ongoing demand among high-profile tenants and corporate renters.Read more

19 Dec 2025

The Union government has approved a proposal to develop a world-class marina at Mumbai Harbour with an estimated investment of INR 887 crore, aimed at boosting maritime tourism and waterfront development. The project will be executed through a hybrid development model, combining public funding for core marine infrastructure with private sector investment in onshore facilities. Spread across nearly 12 hectares of water area, the marina will be designed to berth over 400 yachts. The development is expected to generate more than 2,000 jobs across marina operations, hospitality and cruise services, while enhancing public access to the waterfront and strengthening Mumbai's position in India's blue economy framework.Read more

19 Dec 2025

Western Railway has opened a new digital lounge and co-working facility at Mumbai Central station to enhance passenger experience and meet growing demand for flexible workspaces. Covering 1,712 sq ft, the lounge offers high speed internet, modular workstations, video conferencing rooms, charging points, and comfortable seating. Operated under the INEJ Lounge brand, it also provides self serve refreshments and upgraded washrooms. The project is expected to generate around INR 3.2 crore in non fare revenue over five years, with potential expansion to other major stations based on demand.Read more

19 Dec 2025

Mumbai's civic body has issued a show-cause notice to the contractor handling the ready-mix concrete operations at the Metro Line 2B project site in Bandra East for repeatedly failing to follow air pollution mitigation norms laid out in earlier guidelines. Earlier inspections had shown non-compliance despite prior directives to fix the issues. The contractor has been given a short deadline to respond, with the possibility of work being stopped if compliance is not demonstrated. The action reflects broader concerns over construction-related pollution across major infrastructure projects in the city, where enforcement has recently intensified.Read more

17 Dec 2025

The Maharashtra Pollution Control Board has instructed the Brihanmumbai Municipal Corporation to implement a detailed 28-point compliance plan to address worsening air quality in Mumbai. The directive follows a recent review that showed a steady decline in air conditions, with fine particulate matter emerging as the main concern. Officials have clarified that the problem is not linked to a sudden rise in construction activity alone but is largely driven by PM2.5 from vehicles, industries, and open waste burning. The civic body has been asked to submit an action-taken report.Read more

16 Dec 2025

The Brihanmumbai Municipal Corporation has ordered a temporary halt to construction at the Prestige Towers project in Mahalaxmi after identifying violations of mandatory air pollution control norms. Inspections revealed inadequate dust mitigation measures, including insufficient barricading, lack of continuous water sprinkling and absence of required dust suppression systems. The civic body said these lapses could worsen air quality and pose health risks to nearby residents, commuters and on-site workers. The action is part of BMC's intensified monitoring of construction sites across Mumbai, especially during periods of high pollution. Work at the site will remain suspended until all prescribed air quality and environmental safeguards are fully implemented and verified.Read more

16 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) conducted an online lottery for 426 residential units under the Development Control and Promotion Regulations 2034, with 373 applicants selected and 362 placed on a waiting list. Successful applicants are being notified through email, followed by official letters for document verification. BMC also plans another draw for 296 units across the city. This move reinforces the civic body's efforts to make affordable housing accessible to Economically Weaker Section (EWS) and Low-Income Group (LIG) applicants, addressing the long-standing demand for inclusive homes in Mumbai.Read more

16 Dec 2025

Mahanagar Telephone Nigam Ltd has received board approval to sell its residential property block in Mumbai's Bandra Kurla Complex to NABARD for INR 350.72 crore through a government-to-government transaction. The asset, known as GN Block BKC Quarters, comprises 28 residential units spread over a prime plot in one of the city's most sought-after commercial districts. The sale forms part of MTNL's ongoing non-core asset monetisation programme approved by the government. NABARD will bear stamp duty and registration costs, while MTNL will clear prior dues. The transaction is expected to support MTNL's financial restructuring while unlocking value from high-potential urban real estate.Read more

16 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) conducted an online lottery for 426 residential units under the Development Control and Promotion Regulations 2034, with 373 applicants selected and 362 placed on a waiting list. Successful applicants are being notified through email, followed by official letters for document verification. BMC also plans another draw for 296 units across the city. This move reinforces the civic body's efforts to make affordable housing accessible to Economically Weaker Section (EWS) and Low-Income Group (LIG) applicants, addressing the long-standing demand for inclusive homes in Mumbai.Read more

15 Dec 2025

The Airports Authority of India’s high-frequency radar at Dahisar in Mumbai will be relocated to Gorai, a move set to free up around 1,000 acres of land across 6 km for affordable housing projects. The decision, agreed upon by the Civil Aviation Ministry, Maharashtra government, and other stakeholders, aims to overcome building height restrictions imposed by radar installations in Dahisar and Juhu. Over the next five years, an estimated 50,000 homes are expected to be constructed or redeveloped, improving housing availability, urban infrastructure, and employment opportunities in North Mumbai.Read more

15 Dec 2025

Maharashtra Chief Minister Shri Devendra Fadnavis has announced that global asset manager Brookfield plans to invest over USD 1 billion to develop a large global capability centre (GCC) in the state. The proposed 2 million sq ft facility, likely to come up in Mumbai's Powai area, could become the largest GCC in Asia. The project is expected to create over 15,000 direct jobs and support nearly 30,000 indirect jobs. The investment aligns with Maharashtra's GCC policy aimed at large-scale job creation and Brookfield's plan to significantly expand its India-focused assets across real estate, infrastructure, renewable energy, and private equity.Read more