05 May 2025

Actor Vicky Kaushal has renewed the lease on his 2,781 sq ft sea-facing apartment in Mumbai's Raj Mahal project, paying INR 17.01 lakh monthly rent for two years and INR 17.86 lakh in the third, totaling INR 6.2 crore over three years. The deal includes a INR 1.75 crore deposit and three parking spots. This move reflects a growing trend among Bollywood celebrities choosing high-end rentals over ownership for flexibility and access to prime locations. With Juhu remaining a celebrity hotspot, the trend is shaping Mumbai's luxury real estate market towards premium rental offerings over outright purchases.Read more

02 May 2025

Former cricketer Sanjay Manjrekar has sold his 2,315 sq ft apartment in Mumbai’s Raheja Imperia, Lower Parel, for INR 13.5 crore, according to property documents reviewed by Zapkey. The April 8 transaction included one parking space and INR 81 lakh in stamp duty. Lower Parel’s evolution into a prime residential and commercial hub continues to attract celebrities and professionals. Manjrekar’s sale reflects broader trends, with recent high-profile purchases by KL Rahul, Suniel Shetty, and Suryakumar Yadav. These transactions highlight strong momentum in Mumbai’s luxury real estate market, supported by strategic moves from both individuals and corporations across India’s property landscape.Read more

02 May 2025

The Maharashtra government has approved a cluster redevelopment plan for 19 old buildings near Mumbai’s Elphinstone bridge, postponing immediate demolition amid strong resident opposition. Initially, buildings like Haji Noorani and Laxmi Niwas were marked for demolition, but concerns over displacement and indefinite delays in a combined redevelopment prompted protests. At a joint meeting with residents and authorities, officials agreed to prioritize resident relocation before proceeding with the bridge’s removal. The BMC and MSRDC will now revise the redevelopment strategy, incorporating public feedback and assessing infrastructure impacts. Demolition will only begin once a clear, phased plan and proper housing arrangements are in place.Read more

02 May 2025

The Bombay High Court has dismissed a PIL against the demolition of the British-era Elphinstone bridge, allowing the MMRDA to proceed with the Sewri-Worli Connector project. The court upheld technical reports declaring the bridge unsafe, despite local protests. The 4.5-km elevated corridor will improve east-west connectivity, linking the Mumbai Trans Harbour Link to the coastal road and easing traffic near major hospitals and Dadar-Parel stations. Meanwhile, residents in Sewri are demanding in-situ rehabilitation, saying MMRDA’s INR 25–40 lakh compensation is inadequate. Authorities are set to resume demolition and reassess rehabilitation plans, though local resistance may continue to pose challenges.Read more

02 May 2025

BEST is set to roll out last-mile connectivity for Mumbai Metro Line 3’s remaining phases, introducing 27 new bus routes to connect commuters with underground stations. Ten routes will serve the Dharavi to Acharya Atre Chowk stretch using 29 buses, linking areas like Dadar, Wadala, and Mahim. For the Acharya Atre to Cuffe Parade stretch, 17 more routes are in planning. BEST will adopt a ring-route model and upgrade station exits with bus bays. A tie-up with Google Maps will provide real-time bus tracking and ETAs, enhancing commuter convenience and supporting non-motorised transit across high-density zones.Read more

02 May 2025

The Maharashtra government has approved a INR 1,800 crore, 1.26-km connector linking Bandra Fort to the Bandra-Worli Sea Link to ease traffic at Bandra Reclamation and SV Road junctions. The six-lane road, to be built by MSRDC, will serve as a second sea link entry point from Bandstand, benefiting daily commuters and tourists. While the project includes land acquisition and rehabilitation, concerns remain about its impact on Bandstand’s public spaces. Officials plan minimal disruption with entry near Taj Lands End and a small exit at Bandra Fort. The connector forms part of a larger plan to decongest western Mumbai through parallel corridors.Read more

01 May 2025

In a bid to make redevelopment more affordable for residents of aging cessed buildings in Mumbai, the Maharashtra Housing and Area Development Authority (MHADA) has slashed the charges for additional space to 100% of the ready reckoner rate (RRR), down from 110%. This policy applies to beneficiaries of the December 2023 housing lottery and aims to accelerate urban renewal. The move also covers tenants in stalled redevelopment projects and those in unsafe buildings, offering compensation and inclusion in official lists. With this initiative, MHADA hopes to revive stalled projects and improve housing conditions for residents in old neighborhoods.Read more

01 May 2025

The Nagpur bench of the Bombay High Court recently overturned a GST demand placed on Shrinivasa Realcon, in a landmark ruling that will have an effect on Maharashtra's real estate market. The court determined that the development agreement in question did not involve a taxable transfer of development rights (TDR), as the construction utilized existing Floor Space Index (FSI) without acquiring additional rights. This ruling provides clarity on the applicability of GST to development agreements lacking explicit TDR transactions.Read more

30 Apr 2025

A new 550-metre underpass connecting Mumbai's Coastal Road to the Worli-Sewri corridor is set to open by early May, offering southbound motorists from Dadar and Prabhadevi direct access to Nariman Point and Marine Drive. Built to ease congestion at Worli-Haji Ali, the tunnel will allow seamless entry onto the Coastal Road without using crowded city streets. Finishing works like signage, lighting, and surfacing are underway. Part of the 10.58-km Coastal Road project, the underpass is expected to significantly cut travel time to Mumbai's central business districts and improve traffic flow along the city's key commercial arteries.Read more

30 Apr 2025

The BMC has set November 30, 2025, as the new target to open the Belasis Bridge, aiming to boost east-west connectivity in Mumbai's central districts. After a project review, officials also scheduled the Canara Bridge reopening by June 10, 2025, and the Sion Flyover completion by May 31, 2026. Demolition and underpass construction work at Sion West will begin post-monsoon. Real estate players in Byculla and Mumbai Central expect the Belasis Bridge to ease traffic congestion, enhancing the appeal of ongoing redevelopment projects. The accelerated timelines are part of BMC's broader efforts to decongest critical city routes.Read more

30 Apr 2025

The Gopal Krishna Gokhale bridge in Andheri is on track to complete its main construction by April 30, 2025, according to Brihanmumbai Municipal Corporation (BMC) officials. Although the structure itself is nearly finished, traffic opening will depend on further inspections and approvals from railway authorities. Minor works such as signage and barriers will continue post-completion. The bridge will improve east-west connectivity in Andheri, alleviating traffic on SV Road and the Western Express Highway. Meanwhile, the Vikhroli flyover project, though 95% complete, faces delays due to complex engineering challenges, with a completion target set for May 31.Read more

29 Apr 2025

Mumbai's long-awaited integrated transport app, Mumbai One, is expected to launch on May 1, aiming to streamline city travel across metro, suburban rail, and buses. Developed by MMRDA, the app will let commuters plan multi-modal journeys, view fares, and eventually purchase tickets via UPI or wallet payments. While metro integration will be available at launch, full integration with Indian Railways and BEST buses may take longer. Currently in testing, the app faces technical challenges like real-time fare updates. Experts say seamless functioning could be a game-changer for Mumbai's fragmented public transport network, improving commuter convenience across the city.Read more

29 Apr 2025

Starting 1st May 2025, Mumbai International Airport will officially begin hand-carriage jewellery export operations, a major boost for India�s gem and jewellery trade. Enabled by CBIC Circular No. 09/2025-Customs, the move follows a successful mock drill involving key industry bodies and customs authorities. GJEPC Chairman Kirit Bhansali praised the initiative for simplifying logistics, especially for MSME exporters, and strengthening India's position as a global jewellery hub. A Standard Operating Procedure (SOP) will soon be issued to guide exporters. With a dedicated GJEPC office at the airport, the initiative promises greater flexibility, growth, and global reach for India's jewellery sector.Read more

29 Apr 2025

Crown Worldwide Group has launched a Custom Bonded Warehousing service in India through its Crown Workspace & Warehousing division. Located in Mumbai, the facility offers secure, duty-free storage for high-value imported goods, including luxury items, electronics, and industrial cargo. The ISO-certified warehouse features digital management, ESD-safe handling, and 24/7 surveillance. Clients benefit from deferred customs duties, flexible storage, and faster market access. Crown's new service aims to streamline import-export operations while bridging global logistics standards with local needs. With expertise in inventory tracking and customs management across 60 countries, Crown continues to enhance logistics support for modern businesses in India.Read more

28 Apr 2025

The Brihanmumbai Municipal Corporation (BMC) has directed its officials to strictly enforce Supreme Court guidelines on unauthorized constructions, following criticism from the Bombay High Court over inaction in a 2021 Andheri case. The court had ordered demolition of the illegal building and disciplinary action against officials involved. In line with the Supreme Court's rules, the BMC will now hold officers accountable for issuing completion certificates to illegal structures, which cannot be regularized regardless of occupancy. This move marks a broader effort to tackle illegal construction in Mumbai and ensure lawful urban development by reinforcing accountability and adherence to planning norms.Read more