Mumbai News Desk

13 Mar 2026

Mumbai's civic administration is moving forward with a plan to build distinctive entry arches at major entry points, complemented by practical amenities. The mayor recently visited Vashi, Airoli, and Mulund entry points to review progress and fast-track planning. The arches will be accompanied by landscaped parks, parking spaces, air conditioned restrooms, and designated stalls for local entrepreneurs and community groups. Additionally, a transport and commercial hub is being planned at the former Dahisar octroi site, integrating bus services, retail spaces, and hotels to improve connectivity and revenue generation.Read more

13 Mar 2026

Mumbai Police have filed another chargesheet against real estate developer Sanjay Chhabria, promoter of Radius Estates and Developers Pvt Ltd, in an alleged cheating case involving Yes Bank amounting to about INR 30.39 crore. Investigators claim that funds sanctioned for a redevelopment project were diverted and used for purposes unrelated to the project. The case is part of a broader investigation into financial transactions linked to the Yes Bank DHFL controversy. Chhabria and companies connected to the Radius Group have faced scrutiny from several agencies over the past few years regarding alleged loan diversion and financial irregularities.Read more

Mumbai News Desk

12 Mar 2026

Mumbai Police's Economic Offences Wing has arrested a developer in connection with an alleged INR 55 crore redevelopment fraud linked to a housing society in Versova, Andheri. The case relates to a 13-flat residential redevelopment project where residents claim their properties were misused through forged agreements and illegal transactions. According to investigators, flats meant for original society members were mortgaged to banks and sold to third parties without their consent. The arrest follows an earlier action against another developer involved in the project, and authorities are now examining financial records and property documents to trace the full extent of the fraud.Read more

Mumbai News Desk

12 Mar 2026

Investment manager Arnya Real Estates Fund Advisors and Mumbai-based developer Supreme Universal have secured commitments of about INR 1,030 crore for their Arnya Real Estate Fund � Equity, marking the first close of the investment platform launched in November 2025. The Sebi-registered Category II alternative investment fund has a target corpus of INR 1,250 crore and will focus primarily on residential redevelopment opportunities in Mumbai, while also evaluating projects in Pune. Capital has been raised from a mix of domestic and offshore investors, including family offices and high-net-worth individuals, with around INR 220 crore committed by the sponsors themselves. The fund will deploy equity capital into redevelopment-led housing projects, with individual investments expected to range between INR 80 crore and INR 200 crore across several transactions currently under evaluation.Read more

Mumbai News Desk

11 Mar 2026

Raymond Realty has signed definitive documents to jointly develop a residential project in Kandivali, Mumbai, with an estimated gross development value of around INR 3,000 crore, marking the company's seventh joint development project in the city. With this addition, the total gross development value of Raymond Realty's real estate portfolio is expected to reach nearly INR 43,000 crore. Separately, NCR-based developer County Group has launched 'Clove County', a luxury residential project in Sector 151, Noida, along the Noida-Greater Noida Expressway, involving an investment exceeding INR 1,200 crore. The five-acre development will feature 226 high-end apartments across three towers with configurations ranging from large 4BHK to 5BHK residences. The announcements reflect continued development activity in two key residential markets—Mumbai and Noida—across both joint development and premium housing segments.Read more

Mumbai News Desk

11 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has introduced mandatory independent geotechnical oversight for foundations of high-rise buildings, aiming to strengthen construction safety in the city's dense urban areas. Buildings taller than 180 m must now receive clearance from the High-Rise Committee (HRC) at key construction stages, ensuring soil investigations, shoring, and excavation practices meet rigorous standards. This move follows past foundation and shoring failures, and includes empanelled senior engineers from academia and industry. It represents the first municipal-level geotechnical requirement in Asia and could serve as a model for other growing cities.Read more

Mumbai News Desk

11 Mar 2026

Brihanmumbai Municipal Corporation (BMC) Commissioner Bhushan Gagrani addressed concerns regarding the Coastal Road (North) project, noting that decisions involve multiple statutory approvals and cannot be made by a single authority. The project has faced criticism from citizen groups over its impact on nearly 45,000 mangroves. The Bombay High Court continues to monitor compliance, especially compensatory afforestation measures. At the International Arboriculture Conference, experts emphasized integrating urban development with ecological preservation, while officials outlined plans for tree care initiatives, modern arboriculture practices, and citizen engagement in protecting urban greenery.Read more

Mumbai News Desk

10 Mar 2026

Residents and environmental groups in Mumbai recently held a citizen march in Kandivli to draw attention to concerns about mangroves that could be affected by the proposed northern extension of the coastal road project. The demonstration focused on the environmental impact of the planned Versova-Bhayander corridor, where thousands of mangrove trees fall within the project's influence zone. Activists stressed that these ecosystems play a key role in protecting the city from flooding and coastal erosion. The march brought together local citizens and conservation groups to highlight ecological concerns while the large infrastructure project continues to move forward.Read more

Mumbai News Desk

10 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) is preparing to present the INR 3,000 crore Gargai dam proposal to its civic standing committee for final approval. The 69 metre dam near Ogada village in Palghar district, along with a 2.2 metre tunnel to Modak Sagar reservoir, is expected to add 440 million litres per day to Mumbai's water supply, becoming the city's first new reservoir since Middle Vaitarna in 2014. Work is expected to start by March 2026, with completion targeted in 2029. The project includes village relocation, hydropower generation, and tree transplantation.Read more

Mumbai News Desk

10 Mar 2026

Mumbai Police's Economic Offences Wing (EOW) has revealed an alleged housing fraud worth around INR 150 crore involving the Housing Development and Infrastructure Ltd (HDIL) Group. Investigators claim possession documents meant for about 1,000 slum rehabilitation residents in Bharat Nagar were sold to third-party buyers, allowing unauthorised occupancy in prime transit flats at Kurla Premier. Former HDIL officials provided key statements linking the sale to company leadership, although promoters Rakesh and Sarang Wadhawan have denied direct involvement. The case adds to HDIL's history of legal and financial scrutiny, including insolvency and earlier fraud probes.Read more

Mumbai News Desk

10 Mar 2026

The Maharashtra Coastal Zone Management Authority (MCZMA) has directed the Mumbai Suburban district administration to conduct a site inspection at Gorai Beach following complaints of possible violations of Coastal Regulation Zone (CRZ) norms during jetty construction. The complaint, filed by environmental NGO Vanashakti, alleged that the structure was built through reclamation and at a location different from what had been approved earlier. MCZMA has asked the District Collector to submit a factual report within seven days and take necessary action if any violations of CRZ rules or clearance conditions are confirmed.Read more

09 Mar 2026

The Maharashtra Housing and Area Development Authority has signed key agreements to advance the redevelopment of the Guru Tegh Bahadur (GTB) Nagar housing cluster in Sion Koliwada, Mumbai, in partnership with Keystone Realtors and local housing societies. The project covers roughly 11.2-11.5 acres and will rehabilitate about 1,200 residents currently living in ageing buildings across the locality. Executed through Keystone Realtors subsidiary Keymidtown Developers, the redevelopment is expected to unlock around 20.7 lakh sq ft of saleable area with an estimated gross development value of about INR 4,521 crore. The agreements mark a key step in implementing the project after earlier approvals, with MHADA acting as the special planning authority. The initiative represents the authority's first redevelopment on private land using a construction-and-development agency model.The Maharashtra Housing and Area Development Authority has formalised agreements for the redevelopment of the Guru Tegh Bahadur (GTB) Nagar housing cluster in Sion Koliwada, Mumbai, moving forward with a large urban renewal project intended to replace ageing residential structures with new housing. The agreements were signed earlier this month between MHADA, housing societies in the area and Keystone Realtors subsidiary, Keymidtown Developers, which will execute the redevelopment.Read more

Mumbai News Desk

09 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) is planning to convert a 12,964 square metre (about 3.2-acre) recreation ground in Marol, Andheri East, along the Mithi River into what is expected to be Mumbai's first public urban forest. The plot, which currently has around 150 trees, has remained largely unused for several years. The project will be implemented through corporate social responsibility funding with support from environmental NGO Green Yatra. The plan includes dense plantations, biodiversity zones, and recreational facilities such as walking paths, children's play areas, and spaces for senior citizens.Read more

09 Mar 2026

Raymond Realty has completed definitive agreements to develop a residential project in Kandivali, Mumbai. The project is planned to have a gross development value of about INR 30 billion, reflecting the company's continued focus on expanding its footprint in key Mumbai suburbs. The agreements were signed earlier this week, marking a step forward in Raymond Realty's development pipeline. This move aligns with the firm's broader strategy of leveraging demand in well connected locations. The Kandivali project is expected to add significant residential inventory in the area and support the developer's growth plans.Read more

Mumbai News Desk

09 Mar 2026

Modis Navnirman has been appointed to redevelop New Chitra Co-operative Housing Society in Kandivali West, Mumbai. The redevelopment will replace an over three-decade-old 14-storey residential building with a new mixed-use tower comprising residential and commercial spaces. The project will be developed on a land parcel of about 2,300 square metres and is expected to generate a gross development value of around INR 160 crore. The redevelopment reflects the increasing focus on upgrading ageing housing societies in Mumbai's suburbs while improving infrastructure, safety standards and overall housing quality for existing residents.Read more