15 Dec 2025

Mumbai Port Authority has approved a INR 470?crore yacht marina at Cross Island, near Princess and Victoria Docks. Built on an EPC model, the project includes dredging, breakwaters, access roads, parking, and visitor facilities. A private operator will manage the marina under a 45?year concession and invest INR 417.37?crore to develop onshore facilities like repair yards, clubhouse, hotel, and restaurants over 4.2 hectares. Developed in three phases, the marina will accommodate more than 600 yachts, offering safe berthing, maintenance, and refuelling services, and enhancing Mumbai’s waterfront infrastructure.Read more

15 Dec 2025

The National Company Law Appellate Tribunal has asked Brookfield-backed Chronos Properties to renew its performance bank guarantee as part of its bid to acquire IL&FS’ Bandra Kurla Complex headquarters. The tribunal also restrained IL&FS from creating any third-party rights over the asset until the appeal concludes, keeping the dispute active ahead of the next hearing scheduled for early February.Read more

15 Dec 2025

The Bombay High Court has questioned the BMC’s shifting stance on Mehta Mahal, a commercial building near Opera House on Charni Road. A 2021 audit rated the building as C2B, meaning it needed urgent repairs but was safe for occupants. Later, an IIT-Bombay report labelled it C1, recommending demolition, prompting the BMC to issue notices before admitting the downgrade was due to miscommunication. The court criticised the inconsistent classifications and asked the civic commissioner to review all records and explain the decisions. A hearing on January 14, 2026, will determine next steps, highlighting broader concerns about clarity and accountability in Mumbai’s building safety system.Read more

14 Dec 2025

Mumbai’s rapid infrastructure expansion—driven by new metro routes and the evolving coastal road network—is reshaping suburban real estate. Faster travel across the city, with commute times on key stretches dropping from 90 to about 30 minutes, has boosted demand in areas like Andheri, Goregaon, Chembur and the Bandra–Khar–Santacruz belt. Improved accessibility, better lifestyle amenities and stronger investment prospects are drawing more homebuyers and professionals to the suburbs. Real estate near metro stations is commanding a premium, while the coastal road is unlocking new development potential along the western waterfront. Together, these projects are fuelling transit-oriented growth, elevating liveability and supporting Mumbai’s long-term urban development vision.Read more

13 Dec 2025

Brookfield Properties is set to invest over USD 1 billion in Maharashtra to build a 2 million sq ft global capability centre, expected to be Asia's largest. The facility will create over 15,000 direct jobs and around 30,000 indirect jobs. Active in India for 15 years, Brookfield manages USD 30 billion in assets and plans to grow this to USD 100 billion in five years. Maharashtra's GCC policy, aimed at generating 4 lakh jobs, is focusing on Mumbai and Pune, with the new facility planned for Powai.Read more

12 Dec 2025

The BMC has issued a INR 3,000 crore tender to construct the Gargai dam in Palghar, Maharashtra, along with a 1.6km tunnel connecting it to the Modak Sagar reservoir. Initially approved in 2013, the project was delayed due to environmental concerns but received clearances earlier this year. Once operational, the dam will supply 440–450 MLD of water to Mumbai. The plan includes relocating six villages, compensatory afforestation, installing a hydropower unit, and building supporting infrastructure. Completion is targeted by 2029, enhancing Mumbai’s long-term water security.Read more

11 Dec 2025

MHADA has reopened its online tender for 16 amenity plots across Mumbai after the earlier round failed to draw bids. The plots, located in areas such as Malad-Malvani, Goregaon’s Unnat Nagar, Kandivli Charkop, Vikhroli, Gorai, Akurli, Kurla and Mulund (East), range from 32 sq m to over 7,000 sq m. They are earmarked for community uses including schools, hospitals, playgrounds, shopping areas and welfare centres. MHADA hopes the fresh tender, which combines unsold and new plots, will attract greater interest from developers and institutions. Bidding opens in the second week of December and remains active until mid-January through MHADA’s online portal.Read more

10 Dec 2025

The BMC has fined contractor S P Singla INR 2.09 crore for delaying Phase 3 of the GMLR flyover. Completion at Goregaon is now expected in May 2026, while only one arm of the Mulund side is scheduled to open by May 31, 2026, with the rest following later. Delays are mainly due to utility relocations and encroachments. Work continues with most pillars erected on the Goregaon side. Local representatives have highlighted safety concerns, inadequate housekeeping, and construction debris, urging better monitoring and stricter accountability.Read more

10 Dec 2025

Sanghvi Realty has announced two new residential projects-Sanghvi Tirth in Andheri and Sanghvi Morya in Shivaji Park-with a combined Gross Development Value of INR 220 crore. Both sites have been demolished and are awaiting Commencement Certificates before construction begins. The firm said the locations were selected for their strong connectivity and steady end-user demand. The launches follow other recent developments such as Sanghvi Palazzo, Sanghvi Aria and Sanghvi Optima, reflecting the company's delivery-focused approach. Directors Pakshal and Shankesh Sanghvi noted that the projects reinforce the firm's commitment to Mumbai's core housing markets. Construction will commence once regulatory approvals are secured.Read more

10 Dec 2025

Sanjali Bajaj has acquired a sea-view apartment in Worli for INR 66.41 crore. The 5,510 sq ft apartment includes a 430 sq ft balcony and additional podium-level parking/ancillary space of over 1,370 sq ft. The stamp duty for the mid-November transaction was INR 3.32 crore, with a price of roughly INR 1.20 lakh per sq ft. This follows earlier Bajaj family purchases in Mahalaxmi worth INR 104 crore. The acquisition indicates that demand for ultra-luxury, sea-view homes among India's wealthy remains strong and continues to define Mumbai's premium real estate market.Read more

09 Dec 2025

Ashoka Buildcon has secured an additional INR 447.21 crore work under its ongoing BMC flyover project on the Sion-Panvel Highway. The extension covers construction of Flyover Arms 1 and 2 at the T-junction near Maharashtra Nagar in Mumbai's M/E Ward, increasing the total project value to INR 1,573.79 crore. The timeline for the entire project has now been extended to 13 January 2028. The order, awarded on a percentage-rate basis, remains a domestic contract and does not fall under related-party transactions. The company had originally won the project as the lowest bidder.Read more

09 Dec 2025

Mumbai Metro has deployed an AI-based wheel profile measurement system developed by IntelliRail on Metro lines 2A and 7 to detect wheel wear or damage. Installed at the Charkop depot, the system uses sensors, lasers, and cameras to capture precise measurements, reducing the need for manual inspections. It can alert maintenance teams automatically if wheels exceed preset limits, enabling proactive repairs. This step aligns with broader modernization efforts by MMMOCL and the shift toward condition-based maintenance, aiming to extend wheel life, reduce track stress, and improve metro safety.Read more

09 Dec 2025

The Supreme Court has raised concerns over a surge in real estate disputes in Delhi-NCR and Mumbai, pointing out that thousands of homebuyers are affected by delayed possession and unresolved redevelopment cases. Major developers such as Unitech, Amrapali, Jaypee, and Supertech are among those involved in litigation. The court noted that while states like Gujarat face fewer disputes, the situation in these two regions is significant, directly affecting developers' reputations. It urged builders to address the causes of these conflicts and improve project delivery and transparency.Read more

09 Dec 2025

Mumbai Metro Lines 2A and 7 experienced a technical glitch, resulting in service delays and passenger inconvenience across western suburbs. Some trains were stalled at stations, while others ran at slower speeds, impacting peak-hour travel. The operator, MMMOCL, confirmed the technical issue and worked to restore services quickly. Normally, these lines operate hundreds of services daily with short intervals during peak hours. The disruption highlighted the importance of consistent maintenance and monitoring to ensure smooth metro operations and reduce commuter stress.Read more

08 Dec 2025

Sonu Nigam has leased a 4,257 sq ft commercial unit in Trade Centre BKC, Santacruz East, under a five-year agreement that begins with a monthly rent of INR 19 lakh. The contract includes annual escalations-5.26% in the second year and 5% thereafter-taking the rent to INR 23.15 lakh in the final year. Total rental income over the term is estimated at INR 12.62 crore. The deal, registered in December 2025, involved stamp duty of INR 3.27 lakh and a security deposit of INR 90 lakh. Located in a well-connected business hub, the property reflects a broader trend of celebrities leasing premium commercial assets for steady income growth.Read more

08 Dec 2025

Mumbai will open the first sections of two major metro lines on December 31. The debut stretches include part of Metro Line 9 between Dahisar East and Kashigaon, and a 5.3 km segment of Metro Line 2B from Diamond Garden to Mandale. Line 9, a 13.58 km elevated extension of Line 7, is awaiting safety clearance, while Line 2B is undergoing trial runs. Both sections are expected to be inaugurated by Prime Minister Narendra Modi. MMRDA plans to open the next phase of Line 2B by next summer, leaving only the central portion pending. The launches are expected to ease congestion and strengthen suburban connectivity within Mumbai's expanding metro network.Read more

08 Dec 2025

BMC has decided to rehabilitate residents of MHADA cessed buildings and BMC-owned structures in E-ward to remove barriers to completing Hancock Bridge reconstruction. The bridge, demolished in 2016 and partially reopened in 2022, has faced delays due to pending rehabilitation, legal, and technical issues. With new directives to prioritize residential and commercial relocation and prepare tenders for remaining work, BMC is set to restart construction soon. This effort aims to restore full connectivity, ease congestion, and enhance commuter safety, marking progress in one of Mumbai's long-delayed infrastructure projects.Read more