SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Mumbai City

Welder arrested in Mumbai Metro Line 4 parapet collapse; Bombay High Court seeks report in two weeks

Mumbai News Desk

08 Mar 2026

Police have arrested a welder in connection with the fatal collapse of a concrete parapet segment from the under-construction Mumbai Metro Line 4 viaduct in Mulund. The accident led to the death of a 50-year-old man and injuries to three others after the structure fell onto vehicles moving on LBS Road. Investigators say the welder had cut a critical interlocking hook between parapet segments, which likely caused the collapse. With this arrest, the number of accused in the case has risen to six. The Bombay High Court has directed authorities to submit a status report within two weeks while hearing a public interest litigation related to the incident.Read more

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Mumbai strengthens global collaborations to boost infrastructure and urban innovation

08 Mar 2026

KPMG International leaders met with Dr. Sanjay Mukherjee to discuss implementing global standards in contract management and infrastructure governance across the Mumbai Metropolitan Region. The talks focused on risk management, procurement reforms, dispute avoidance, and digital performance monitoring to reduce delays and cost overruns. Separately, Dr. Mukherjee hosted the Russian Consul General, who presented a draft cooperation program covering urban mobility, healthcare, education, trade, and cultural exchange, while inviting MMRDA to upcoming smart city forums. These initiatives aim to strengthen international collaboration, enhance urban project delivery, and expand economic and innovation opportunities for the region.Read more

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Bombay High Court seeks MMRDA reply on PIL demanding metro safety audit after Mulund slab collapse

Mumbai News Desk

08 Mar 2026

The Bombay High Court has asked the Mumbai Metropolitan Region Development Authority (MMRDA) to respond to a public interest litigation seeking a third-party safety audit of Mumbai's metro infrastructure after a slab collapse at the Metro Line 4 construction site in Mulund. The petition also requests a halt to construction at the accident location and details of compensation provided to those injured. The incident involved a heavy concrete parapet slab falling from an elevated structure onto vehicles on LBS Marg, injuring three people. The case has raised wider concerns about safety practices at metro construction sites across the city.Read more

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Maharashtra govt defends 30-year lease of Wilson College Gymkhana land to Jain International Organisation

Mumbai News Desk

08 Mar 2026

The Maharashtra government has clarified the circumstances under which the Wilson College Gymkhana land in Mumbai was allotted on a 30-year lease to the Jain International Organisation. Revenue Minister Chandrashekhar Bawankule informed the Legislative Assembly that the Mumbai City Collector had earlier received a complaint alleging violation of lease conditions by the previous occupant of the property. Following a hearing, the collector took possession of the land. The state government later approved its allocation to the organisation for gymkhana use. The decision has sparked protests and is currently being challenged through a writ petition pending before the Bombay High Court.Read more

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Bombay High Court approves plan to reduce Kanjurmarg landfill reliance by 80% through phased technology upgrade

Mumbai News Desk

08 Mar 2026

The Bombay High Court has approved a comprehensive, phased strategy to significantly diminish reliance on the Kanjurmarg landfill by about 80 %, aiming to cut environmental impacts and persistent odour issues affecting nearby residents. A court-appointed monitoring committee suggested transitioning from current bioreactor-heavy landfill methods to an integrated system that includes waste-to-energy, compressed biogas, composting, and sanitary landfills. The court also asked the Brihanmumbai Municipal Corporation (BMC) to plan international technical exposure visits and establish a year round specialised technical cell. Meanwhile, local grievances about foul smell and complaints misuse were highlighted, and legal action against bogus complaints was directed by the bench.Read more

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Chandak Group receives ‘Excellence in Delivery’ honour at ETNOW.in Realty Conclave & Awards 2026 in Mumbai

07 Mar 2026

Chandak Group has been conferred the Excellence in Delivery award at the ETNOW.in Realty Conclave Awards West Edition 2026, held recently in Mumbai. The award was presented by Mangal Prabhat Lodha, Maharashtra's Minister of Skill, Employment, Entrepreneurship and Innovation. The recognition acknowledges the developer's consistent performance in timely project execution, construction quality and customer-focused development across Mumbai's competitive real estate market. According to the organisers, the award reflects Chandak Group's operational discipline and its track record of delivering residential projects aligned with evolving urban lifestyles and buyer expectations. The ceremony formed part of a broader industry forum that brought together key stakeholders from Western India's real estate and infrastructure sectors to discuss emerging trends, market momentum and the region's shift towards integrated, sustainability-led urban development.Read more

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Mumbai posts highest February property registrations in 14 years as premium housing lifts stamp duty collections by 21%

07 Mar 2026

Mumbai recorded its strongest February performance in over a decade in 2026, with 13,029 property registrations logged within the Brihanmumbai Municipal Corporation limits, generating stamp duty revenue of more than INR 1,134 crore, according to data released by Knight Frank India. Registrations rose 8 per cent year-on-year, while stamp duty collections increased by a sharper 21 per cent, reflecting a clear shift towards higher-value residential transactions. Homes accounted for close to 80 per cent of all registrations. The share of properties priced above INR 5 crore and in the INR 2-5 crore bracket expanded, while the sub-INR 1 crore segment declined. Industry participants said the data points to sustained end-user demand, rising purchasing power and an upgrade cycle driven by preferences for better connectivity, amenities and long-term value.Read more

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SoBo’s 78-year-old Ruxmani Hospital to relocate for 80-storey high-rise project

Mumbai News Desk

06 Mar 2026

Ruxmani Lying-In Hospital, a 78-year-old maternity facility in South Mumbai, is relocating to Nana Chowk to allow an 80-storey luxury high-rise on its original site. The hospital, handling 900 childbirths annually and serving underprivileged families, will operate from a temporary 7,700 sq ft facility for four years before returning to a larger dedicated building. The Dhuleva Group acquired surrounding plots for over INR 300 crore, planning 50 residences with extensive amenities. The redevelopment follows city regulations for unsafe buildings but raises concerns among heritage experts about demolition of Grade 3 heritage structures.Read more

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Vaswani Seascape

06 Mar 2026

Mumbai City, India

Vaswani Seascape offers premium 4 BHK sea-facing residences on Juhu Tara Road, Mumbai. Features low-density luxury with infinity pool, sky lounge, gym, and Arabian Sea views. Ideal for elite coastal living near Juhu Beach and key suburbs.

View Website | Visit RERA website

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Mumbai water projects get a 6,000 crore boost to expand dams, tunnels, and desalination plant

Mumbai News Desk

05 Mar 2026

The BMC's 2026-27 budget demonstrates a focused approach to addressing Mumbai's water supply challenges by investing heavily in infrastructure and alternative sources. By reviving the Gargai dam, building water conveyance tunnels, and implementing a desalination plant, the civic body aims to reduce the supply gap while increasing resilience. Combined with efforts to recycle sewage water and expand treatment capacity, these measures are intended to meet long-term demand and ensure sustainable supply. The plan positions the city to better handle future shortages and maintain consistent service for its residents and businesses.Read more

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Sushmita Sen leases Goregaon luxury apartment for INR 1.95 lakh per month

Mumbai News Desk

05 Mar 2026

Actor Sushmita Sen and her mother Subhra Sen have leased out their luxury apartment in Goregaon East, Mumbai, for a starting monthly rent of INR 1.95 lakh under a three-year agreement registered in the past week. The rent will rise by 5% annually, taking the total rental value to INR 73.76 lakh over the full term. The deal includes two car parking spaces and a security deposit of INR 6 lakh. The flat is located in Oberoi Exquisite along the Western Express Highway.Read more

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Bandra residents oppose Carter Road promenade commercialisation plan

Mumbai News Desk

05 Mar 2026

Bandra residents in Mumbai have opposed the Maharashtra Maritime Board's (MMB) plan to introduce commercial activities along the Carter Road promenade, arguing it could compromise its public nature. Represented by IMPACT Citizens Movement for Environment and Civic Action, locals met officials to reject private partnership models for revenue generation, noting that municipal taxes should cover maintenance. They highlighted visual pollution, unequal treatment of suburbs versus South Mumbai, and the promenade's protected status. Earlier attempts to install 35 LED hoardings were halted after public objection, reflecting citizen vigilance over waterfront commercialisation.Read more

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BMC halts Andheri West demolition after slab falls, shaking surrounding buildings

Mumbai News Desk

05 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) stopped demolition work in Andheri West's Seven Bungalows area after a large slab fell from the terrace of the Ratan Kunj building, which is being redeveloped. The slab's collapse caused nearby structures to vibrate and created a dust cloud, alarming residents and prompting them to contact the Versova police. Civic authorities said the demolition site lacked proper safety measures. Although no injuries were reported, the incident raised renewed concerns over compliance and monitoring at redevelopment sites in Mumbai, following past accidents in the city.Read more

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Gurukrupa Aatman

05 Mar 2026

Mumbai City, India

Gurukrupa Aatman offers compact 1, 2, and 3 BHK apartments (298-891 sq ft carpet) in Mulund East, Mumbai's prime suburb. Enjoy vitrified flooring, proximity to schools, hospitals, temples, and excellent connectivity via Eastern Express Highway to Thane and Navi Mumbai.

View Website | Visit RERA website

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Bombay High Court directs developer to withdraw anticipatory bail plea, seek relief in Sessions Court

Mumbai News Desk

04 Mar 2026

The Bombay High Court directed a Malad-based developer to withdraw an anticipatory bail plea filed at the High Court while the matter was still pending in the Dindoshi Sessions Court. The bench emphasised that legal relief must first be sought in the court where the case is being heard. The developer complied with the order. The case originates from an investor complaint alleging that the developer collected INR 5.15 crore under a redevelopment MoU but failed to complete key obligations such as eviction, title creation, and coordination with stakeholders.Read more

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Bombay High Court rejects Maharashtra government’s claim over 193-acre Thane land, orders TDR compensation

Mumbai News Desk

04 Mar 2026

The Bombay High Court has dismissed the Maharashtra government's petition seeking to classify 193 acres in Thane's Manpada-Chitalsar area as acquired private forest land. Upholding a 2017 Maharashtra Revenue Tribunal order, the court found serious procedural lapses in the 1970s acquisition notice, including improper service and lack of authorised signatures. With over 100 acres already used for public infrastructure, the court directed the Thane Municipal Corporation to grant Transferable Development Rights to the original landowner within 21 days, reinforcing due process and property rights protections.Read more

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Legal notice sent to municipal commissioner over alleged irregularities in Mulund dumping ground reclamation

Mumbai News Desk

04 Mar 2026

A legal notice has been served to the municipal commissioner alleging corruption and procedural violations in the Mulund dumping ground reclamation project in Mumbai. The notice claims that mandatory environmental safeguards mentioned in the tender are not being followed and that irregularities are taking place in waste excavation and transportation. It further alleges manipulation at the weighbridge, leading to multiple challans for the same vehicle. The complainant has sought a departmental inquiry against civic officials and warned of court action if no satisfactory response is received. The BMC has stated that the allegations will be examined.Read more

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MSRDC sets up dedicated unit to accelerate slum-free Mumbai projects

Mumbai News Desk

04 Mar 2026

The Maharashtra State Road Development Corporation has entered the housing sector by forming a dedicated unit to implement slum redevelopment projects across Mumbai under the state's Slum Free Mumbai mission. The agency will redevelop 97,713 acres covering 24,226 slum tenements across multiple suburbs. An eight-member team has been constituted to manage planning, financial structuring, approvals and contractor monitoring. The move expands MSRDC's role beyond infrastructure rehabilitation. Parallel redevelopment efforts are also being carried out by MMRDA in key locations, including Ghatkopar, Jogeshwari and Malad, with thousands of rehabilitation units planned.Read more

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Kalpataru Solace

04 Mar 2026

Mumbai City, India

Kalpataru Solace is a new luxury residential project by Kalpataru Limited in Jogeshwari East, Mumbai. It offers premium 3 BHK apartments around 1272-1294 sq ft with modern amenities like swimming pools, gyms, kids' play areas, and 24x7 security. Excellent connectivity to Western Express Highway, JVLR, metro, and the airport.

View Website | Visit RERA website

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Minor head injury reported during Sewri-Worli project work; MMRDA takes action

03 Mar 2026

A small accident at the Sewri-Worli Elevated Connector project site saw a steel reinforcement bar fall and injure a passerby during ongoing pier work. The individual received treatment at Glenn Eagle Hospital, including four stitches, and is now stable. MMRDA's Executive Engineer visited the site and hospital to monitor the situation. The authority will cover all medical costs and support full recovery. Show-cause notices have been issued to the Project Management Consultant and contractor, while a safety review and stricter supervision measures have been implemented to prevent future incidents.Read more

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