19 Jan 2026

Navi Mumbai International Airport has achieved a major milestone by crossing 1 lakh passengers within 19 days of starting commercial flights. Handling over 1,09,900 passengers, the airport's busiest day saw 7,345 travelers. During this period, 734 flights operated, including general aviation movements, while more than 79,000 pieces of baggage were processed. Cargo operations began simultaneously, with 22.21 tonnes handled. Delhi, Goa, and Bengaluru emerged as the top destinations. The airport is gradually scaling operations, supported by modern infrastructure and efficient processes to meet the growing travel demand.Read more

19 Jan 2026

Tushar Infra Developers Private Limited, owned by actor Tusshar Kapoor, and Pantheon Buildcon Private Limited, owned by his father Jeetendra Kapoor, have sold their commercial property in Mumbai's Chandivali area for INR 559.25 crore. The asset, the DC 10 Building in Balaji IT Park, spans about 30,195 sqm (3,25,016 sqft) and includes a ground-plus-ten-storey commercial building and an adjacent four-storey generator block. NTT Global Data Centres & Cloud Infrastructure India acquired the property. The deal highlights sustained investor interest in Mumbai's commercial micro-markets, especially for digital infrastructure and data centre spaces.Read more

18 Jan 2026

The Supreme Court has reiterated that the land reclaimed along the Mumbai Coastal Road cannot be used for residential or commercial development and must largely remain accessible to the public. The observation came while disposing of a petition challenging the Brihanmumbai Municipal Corporation's move to involve private agencies for landscaping and maintenance of the reclaimed areas. The court referred to its earlier directions, stressing that such land is meant for public use, with limited exceptions only for essential upkeep and landscaping, including projects undertaken under corporate social responsibility initiatives.Read more

18 Jan 2026

Chandak Group has marked 40 years of operations in Mumbai's residential real estate market by launching #Mission4000Trees, a tree plantation initiative focused on enhancing the city's green cover. Instead of a traditional anniversary celebration, the developer undertook a large-scale plantation drive at its Chandak Treesourus project in Malad West, where 4,000 saplings were planted. The initiative reflects the company's stated emphasis on sustainability and environmental responsibility alongside urban development. The plantation drive was designed as a community-led effort involving residents and stakeholders, and also highlighted the group's approach to integrating open spaces and greenery within residential projects in densely populated parts of Mumbai.Read more

16 Jan 2026

Jawaharlal Nehru Port (JNPT), India's largest container port, is set to be connected to the Western Dedicated Freight Corridor (WDFC) by the end of March 2026. The final 102 km JNPT Vaitarna section, forming the last mile, is in advanced stages of completion. This connection will allow freight from JNPT to move directly on dedicated freight routes, reducing reliance on conventional rail, cutting transit time, and easing congestion. Officials have also prepared reports for three more major corridors worth INR 4.5 lakh crore, aiming to strengthen freight infrastructure across the country.Read more

16 Jan 2026

A ready-mix concrete (RMC) plant in Powai, Mumbai, has received a formal notice from the Maharashtra Pollution Control Board (MPCB) for failing to comply with updated environmental and operational norms. Inspections revealed uncovered cement silos, lack of tyre-washing systems, poor sludge management, and non-functional dust suppression measures. The notice gives the operator 15 days to rectify all issues. This action is part of broader enforcement across the Mumbai Metropolitan Region, reflecting the board's intensified efforts to ensure construction-related industries maintain environmental and public safety standards.Read more

16 Jan 2026

Ajmera Realty & Infra India Ltd recorded a sharp rise in sales bookings during the third quarter of the current financial year, supported by improved demand for its housing projects. Sales bookings more than doubled on a year-on-year basis, while sales volumes also registered strong growth. The company reported a significant increase in cumulative bookings during the first nine months of the financial year, reflecting steady traction across its residential portfolio. Management attributed the performance to the company's asset-light strategy and expansion into new micro-markets. The developer stated that it has already surpassed its required run-rate for the year and remains confident of exceeding its full-year sales guidance.Read more

15 Jan 2026

Navi Mumbai International Airport Ltd (NMIAL) has proposed telecom infrastructure charges for service providers that align closely with rates at Mumbai International Airport (MIAL). The move aims to standardise pricing for in building solutions (IBS) and improve passenger connectivity. Telecom companies and the Cellular Operators Association of India (COAI) have raised concerns, citing high costs and restrictions on right-of-way (RoW). NMIAL said the charges reflect higher setup costs of a greenfield airport and outlined measures including free Wi-Fi and clear access instructions to ensure uninterrupted digital connectivity for passengers and airport staff.Read more

15 Jan 2026

Navi Mumbai International Airport (NMIA) has introduced a layered strategy to maintain uninterrupted digital access for passengers, drivers, and airport staff. Measures include infrastructure improvements, operational planning, and hands-on assistance to resolve connectivity issues across the terminal. Clear WiFi login instructions, physical step-by-step standees, OTP kiosks, and wardens in key areas are in place to assist users. The airport is also coordinating with telecom providers on fair infrastructure charges, amid earlier concerns over Right of Way permissions and fees. Operations began late last month, making these measures critical.Read more

14 Jan 2026

Jeetendra and his son Tusshar Kapoor have sold a commercial data centre property in Mumbai's Chandivali area to NTT Global Data Centres for INR 559.24 crore. The deal includes a ten-storey data centre building and a separate diesel generator facility at Balaji IT Park, spanning over 30,195 sq metres. The transaction was registered earlier this month and did not attract stamp duty under a 2024 government resolution, though a metro cess was paid. The deal highlights growing investor interest in Mumbai's data centre real estate market.Read more

14 Jan 2026

ASK Property Fund has invested INR 340 crore in a portfolio of three residential projects being developed by Mantra Group, strengthening its exposure to the Mumbai and Pune housing markets. The investment will support the acquisition of two projects through the NCLT resolution process, while also providing funding for an ongoing residential development. A portion of the capital will be used to settle outstanding dues of financial creditors, with the remaining amount allocated towards working capital requirements to ensure timely execution. The transaction reflects sustained institutional interest in residential real estate, particularly in projects with resolution-led acquisition opportunities and established urban demand across Maharashtra's key housing markets.Read more

14 Jan 2026

The Supreme Court has reiterated that reclaimed land along the Mumbai Coastal Road (South), including areas proposed to be landscaped under a corporate social responsibility initiative, must ordinarily remain open to the public and cannot be used for any residential or commercial development. While allowing landscaping and maintenance activities, the court underlined that such work should not restrict public access except where temporarily required. The ruling came while disposing of a public interest litigation challenging the municipal corporation's move to involve private agencies for long-term maintenance of the reclaimed land. The court reaffirmed its earlier directions that categorically prohibit any commercial or residential exploitation of the area, ensuring the coastal road project serves public interest and open access.Read more

14 Jan 2026

Global financial services major JP Morgan has leased a large office space measuring nearly 2.72 lakh sq ft in Mumbai's Powai area, marking a significant commercial real estate transaction in the city's office market. The space is located at One Downtown Central (Crisil House) and has been taken on lease from Cowrks for a starting monthly rent of INR 9.23 crore. The lease tenure is for five years, with rentals commencing from April and an annual escalation of 5 percent. The deal highlights continued demand from multinational corporations for high-quality office assets in established business districts, supported by flexible workspace operators and institutional property owners.Read more

13 Jan 2026

Mumbai-based Crest Ventures has partnered with Vensco Projects to develop a premium mixed-use residential project in Chembur, with an estimated gross development value of around INR 1,850 crore. Located on Golf Course Road, the luxury development will span about 2.5 acres and offer nearly 5 lakh sq ft of saleable area. The project reflects rising demand for high-end housing in eastern Mumbai, driven by improved connectivity and established social infrastructure. Crest Ventures said the development aligns with its luxury housing strategy and changing buyer preferences for integrated, well-planned communities. Chembur continues to attract developers as a key residential micro-market, with mixed-use projects gaining traction for their lifestyle appeal and long-term value.Read more

Mumbai News Desk

13 Jan 2026

Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai recorded a record 55.5 million passengers in 2025, driven by strong domestic and international travel demand. Domestic passengers reached about 39.2 million, while international travellers numbered around 16.3 million. Delhi, Bengaluru, and Goa were the busiest domestic routes, while Dubai, London, and Abu Dhabi led international traffic. IndiGo, Air India, and Emirates dominated passenger volumes. January and November were the peak months, and the October-December quarter recorded the highest quarterly traffic. Route expansions and increased connectivity contributed to this steady growth.Read more