07 Dec 2025

Mumbai-based Ranbir Real Estate Developers LLP and its directors Jaykumar Gupta and Suyash Gupta are under investigation for allegedly cheating 19 investors of around INR 31?crore. Investors, including family members of a 71-year-old complainant, were promised 18?per cent annual returns on a Jogeshwari East redevelopment project between 2021 and 2023. While initial interest payments were made, the firm stopped payouts after September 2024, and the principal was not returned. The case is now with the Economic Offences Wing of Mumbai Police under criminal sections including cheating and breach of trust.Read more

07 Dec 2025

The Sion-Dharavi region, historically recognised for its dense population and bustling informal industries, is now advancing through one of Mumbai's most ambitious urban renewal efforts. With the Dharavi Redevelopment Project progressing in phases and Sion's connectivity strengthened via major road corridors and upcoming metro links, the locality is evolving into a high-value growth zone. Market expectations suggest a rise in residential and commercial absorption driven by rehabilitated families, new homebuyers, retailers, and SMEs. Urban experts, however, have indicated that the long-term success of the redevelopment will depend on sensitive execution that safeguards livelihoods while enabling large-scale modernisation.Read more

07 Dec 2025

Alliance City Developers marked a major growth phase last week with multiple project completions and new launches in Vile Parle (East). The developer secured an Occupancy Certificate for Alliance Legacy in Matunga (East) and Completion Certificates for Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East). Alliance Abhimanyu is also nearing possession. Building on this momentum, the company launched two new residential projects-22 Alliance House and Alliance Tanvi-offering premium 2BHK to 4BHK homes. Alliance Tanvi features ready units, modern amenities and strong connectivity. CEO Ankita Luharuka said these milestones reflect the firm's steady, trust-focused approach and long-term commitment to quality housing in Mumbai.Read more

Mr Aditya N Shah, Director, Mayfair Housing

07 Dec 2025

Mumbai's ongoing infrastructure overhaul has significantly altered suburban growth patterns, with metro corridors and coastal road projects reshaping daily mobility and influencing real estate activity across the city. Over the past two years, the rapid expansion of the metro network-most notably Lines 2A, 7, and the recently added Aqua underground corridor-has sharply reduced commuting time between the western suburbs and South Mumbai. Improved accessibility has attracted professionals and families to suburbs such as Andheri, Goregaon, Chembur, and the Bandra-Khar-Santacruz belt, fuelling demand, capital appreciation, and enhanced lifestyle choices in emerging transit-oriented districts.Read more

06 Dec 2025

The MMRDA plans to start the tender process for Mumbai Metro Line 10 by December 15. The 9.718 km elevated corridor, costing INR 8,000 crore, will connect Gaimukh in Thane to Shivaji Chowk in Mira-Bhayandar and feature five stations. Crossing forest and hilly areas, the project requires multiple environmental and engineering clearances. It will integrate with existing metro lines and include a depot at Mogharpada. Expected to be completed by 2030, Metro Line 10 is designed to reduce congestion and improve commuter connectivity along key routes.Read more

06 Dec 2025

Subhra Sen, mother of actor Sushmita Sen, has purchased two apartments in Elysian by Oberoi Realty in Goregaon East for a combined value of INR 16.89 crore. Both units measure 163.59 sq metres (around 1,760 sq ft) and include one parking space each. For the first unit, she paid a stamp duty of INR 42.02 lakh and a registration fee of INR 30,000, while the second unit involved a stamp duty of INR 42.49 lakh and registration charges of INR 30,000. The purchases add to the steady demand seen in this project.Read more

05 Dec 2025

Construction of Mumbai's Orange Gate-Marine Drive twin tunnel has commenced, targeting completion by June 2028, six months ahead of schedule. The nearly 10 km corridor, with 7 km underground, will run beneath about 700 buildings, including heritage and residential structures, and two major railway lines. Designed to reduce travel time to 5-7 minutes and provide a direct link to Navi Mumbai Airport, the project features advanced safety systems, a 12.2 metre TBM, and cross-passages every 300 metres. Estimated at INR 8,056 crore, around 15 percent of the work is already complete.Read more

05 Dec 2025

A new study by Anarock and 360 One Wealth shows Worli remains one of India's strongest ultra-luxury housing markets, with 14 apartments priced above INR 40 crore sold between January and August 2025, totalling around INR 2,800 crore. This already exceeds the full-year value of 2024. Worli accounts for nearly 40% of India's ultra-luxury market and has seen over 20 deals above INR 100 crore in the past three years, including two duplexes sold for more than INR 700 crore in 2025. Premium high-rises now command INR 65,000 to over INR 1,00,000 per sq ft, reinforcing Worli's position as Mumbai's most coveted luxury address.Read more

04 Dec 2025

Mahindra Lifespaces has been selected to redevelop a residential cluster in Matunga (West), Mumbai. The project covers nearly 1.53 acres and carries a gross development value of about INR 1,010 crore. It will replace the old housing structures with upgraded homes, improved infrastructure and modern community amenities. The redevelopment also aligns with the company's plan to scale its Mumbai Metropolitan Region portfolio, as it aims to increase new launches and redevelopment work over the next few years. The project reflects the wider demand for society-redevelopment in Mumbai's older localities.Read more

04 Dec 2025

HRX Digitech LLP, owned by Rakesh and Hrithik Roshan, acquired four commercial units in Yura Business Park Phase 2, Andheri West, Mumbai, for a total of INR 10.90 crore. The units range from approximately 473 sq ft to 852 sq ft and include multiple parking slots. Stamp duty and registration charges were paid for all transactions. Analysts view the move as a strategic investment aligned with sustained demand for premium commercial spaces. Andheri West's connectivity, amenities, and established commercial ecosystem continue to make it a preferred destination for investors.Read more

02 Dec 2025

Mumbai has recorded a clear rise in air pollution levels, mainly driven by large-scale construction work and steady growth in vehicular emissions. Experts from IIT-Bombay and the IMD have explained that seasonal weather conditions, including cooler nights and calmer winds, are allowing pollutants to stay close to the surface. While the citywide AQI has remained in the moderate bracket, certain pockets such as the Bandra Kurla Complex experienced severe readings. The municipal body has issued multiple guidelines and stop-work notices to control dust and restrict further deterioration.Read more

02 Dec 2025

Mumbai Metro Rail Corporation (MMRC) has begun offering app-exclusive discounted monthly passes for Metro Line 3, aiming to encourage digital ticketing and reduce dependence on physical tokens. Commuters can now purchase 60-trip passes at a 15 % discount and 45-trip passes at a 10 % discount, with the entire process - from payment to activation - completed within the MetroConnect3 mobile app. The initiative, rolled out earlier this week, builds on MMRC's recent digital-first approach and is expected to extend to National Common Mobility Card (NCMC) users in the near future.Read more

02 Dec 2025

The National Company Law Tribunal (NCLT) in Mumbai, earlier this past week, dismissed the INR 1,080 crore bid submitted by Brookfield-backed Chronos Properties for acquiring IL&FS's flagship Bandra Kurla Complex (BKC) property. The tribunal upheld IL&FS's contractual authority to revise the consideration under the court-approved resolution framework, accepting the company's move to increase the valuation to INR 1,481 crore. It also noted that updated valuation reports placed the property's fair-market value at around INR 1,722 crore. The order additionally clarified the status of Chronos's performance guarantee obligations under the bidding conditions.Read more

01 Dec 2025

Sporta Technologies has leased 169,250 sq ft in Ascent Worli, Mumbai, under a five-year agreement with a starting monthly rent of INR 5.07 crore and 4.75% annual escalation. The deal includes exclusive access to 135 car-parking spaces, a security deposit of INR 30.46 crore, and CAM deposit of INR 1.26 crore, along with a 36-month lock-in period and six-month fit-out. This lease, one of the largest single-tenant deals in Mumbai this year, reflects the company's aim to optimise costs while moving to a premium, well-equipped office in a prime commercial hub.Read more

30 Nov 2025

Rakesh Roshan and his wife Pramila 'Pinkie' Roshan have expanded their commercial property portfolio in Mumbai with the purchase of five office units in Andheri East for a total of INR 19.68 crore. All units, located in the Vaidya West World One Aeropolis building, were registered earlier this week. Together, they span over 7,500 sq ft of carpet area and include ten parking slots. Two offices were bought under Rakesh Roshan's name, while three were registered to Pramila Roshan. The couple paid more than INR 1.18 crore in stamp duty. This follows other recent acquisitions in the same business district, signalling sustained long-term interest.Read more