18 Nov 2025

The BMC has proposed a 4.24 km elevated corridor along LBS Marg to ease traffic between Kurla West and Ghatkopar West. The flyover, starting near Kalpana Talkies and ending near Pankhe Shah Baba Dargah, will include a 3.91 km main stretch, ramps at both ends and three connecting arms for smoother entry and exit. Designed as a four-lane, 16.5-metre-wide structure using steel girders and an RCC deck, it aims to bypass chronic bottlenecks near the Andheri-Ghatkopar Link Road, Ghatkopar station and Sant Narsi Mehta Road. With Metro works and other bridges in the area, VJTI will oversee technical planning. Estimated at INR 1,635 crore, the project is expected to take four years.Read more

18 Nov 2025

The Central Government has approved 17 projects under the Electronics Component Manufacturing Scheme (ECMS), opening up investment commitments of INR 7,172 crore and creating more than 11,800 jobs. The selected applicants include Jabil, Aequs, AT&S, Uno Minda, Zetwerk, Secure Meters and others, with production spanning camera modules, multi-layer PCBs, enclosures, connectors, oscillators and optical transceivers. These projects, spread across nine states, are expected to generate output worth INR 65,111 crore. Combined with the first tranche cleared earlier, ECMS now covers 24 projects. Officials said the scheme strengthens India's electronics value chain amid shifting global supply dynamics, while industry leaders noted its role in anchoring global manufacturing and building competitive domestic capabilities.Read more

18 Nov 2025

Suraj Estate Developers expects to generate about INR 1,200 crore in revenue from its newly launched Mumbai commercial project, One Business Bay. The development offers 2.09 lakh sq ft of carpet area, featuring 182 premium office units and select high-end retail spaces. The company has completed over 45 projects totalling 16.09 lakh sq ft and is currently working on 13 ongoing developments with 7.55 lakh sq ft of RERA-registered saleable area. It also has 16 upcoming projects planned, adding another 11.57 lakh sq ft. With this launch, Suraj Estate Developers continues to expand its commercial footprint and tap into growing demand for modern business infrastructure in Mumbai.Read more

17 Nov 2025

Mumbai's real estate market attracted USD 1.19 billion in institutional investments over the past nine months, according to Cushman & Wakefield's India Capital Markets Q3 2025 report. This marks a sharp rise from USD 295.57 million a year earlier. Foreign investors contributed 67% of the total, led by USD 500 million from the US and USD 297 million from Japan, while domestic investors added USD 398 million. The firm noted that Mumbai has now crossed the USD 1 billion mark for four consecutive years, supported by strong fundamentals and major projects like the Trans Harbour Link and Coastal Road. In contrast, nationwide institutional inflows declined 10% during the period.Read more

17 Nov 2025

The Enforcement Directorate (ED) carried out searches in 14 premises across Mumbai and Thane this week in connection with a money-laundering probe linked to Rajendra Lodha, former director of Lodha Developers Ltd (now Macrotech Developers Ltd). He is accused of defrauding the company of about INR 85 crore between 2013 and 2025 through unauthorised land deals, undervalued plot sales, bogus acquisitions and misuse of development rights. The raids were aimed at tracing proceeds of crime and identifying assets acquired through diverted funds.Read more

17 Nov 2025

Vedanta's proposed demerger is under review by the NCLT, which has reserved its order after a brief hearing. The Ministry of Petroleum and Natural Gas flagged concerns over financial risks, alleged misrepresentation of hydrocarbon assets, and incomplete disclosure of liabilities. Vedanta stated it has followed all regulatory norms, with SEBI approving the revised plan. The restructuring aims to create independent, sector-focused entities while streamlining operations and enhancing shareholder value. The original plan to carve out the base metals business has been revised, retaining it within the parent company.Read more

16 Nov 2025

The Navi Mumbai Municipal Corporation (NMMC) has issued a public notice concerning the control, care, and feeding of stray dogs across its jurisdiction. Following recent Supreme Court directions, the civic body reminded citizens that while the sterilisation and vaccination of strays are ongoing under the Animal Birth Control (ABC) programme, residents must also comply with feeding regulations. The NMMC clarified that feeding will only be allowed at designated spots and specific times to prevent inconvenience to the public, in line with animal welfare guidelines.Read more

16 Nov 2025

The Brihanmumbai Municipal Corporation (BMC) has floated a tender worth INR 166?crore for the upcoming Mulund Bird Park, with four companies submitting bids and construction expected to start by December this year. Spread over 17?acres near the Johnson & Johnson factory in Nahur, the park will house more than 200 bird species in four themed zones tropical, African, Australian and aquatic. Facilities will include a veterinary clinic, breeding centre, amphitheatre, kids zone, food-court and parking. After earlier delays due to limited bidders, the BMC is targeting contract finalisation by October.Read more

16 Nov 2025

The success of Mumbai's Metro Line 3 (Colaba-Bandra-SEEPZ) has encouraged authorities to plan a series of large-scale underground infrastructure projects worth around INR 40,000 crore across the Mumbai Metropolitan Region (MMR). Agencies including the Mumbai Metropolitan Region Development Authority (MMRDA), Brihanmumbai Municipal Corporation (BMC) and Maharashtra State Road Development Corporation (MSRDC) are preparing to execute these tunnel-based projects to improve connectivity while reducing land acquisition and environmental impact. Together, these initiatives will include more than 60 km of tunnels across key corridors.Read more

16 Nov 2025

An auction held this past week in Mumbai for 11 properties belonging to fugitive gangster Dawood Ibrahim saw no bidders turning up. The Income Tax Department had organised the sale to recover part of Dawood's pending tax dues, estimated at around INR 45 crore. The properties, located mainly in south Mumbai's Nagpada and Mohammed Ali Road areas, carried a combined reserve price of INR 1.2 crore and an assessed value of nearly INR 5 crore. Officials have indicated that the properties will be re-auctioned within a year.Read more

15 Nov 2025

Navi Mumbai Municipal Corporation (NMMC) has been declared the top performer in the Local Self-Government category of the Sixth National Water Awards � 2024, organised by the Ministry of Jal Shakti. The recognition highlights the corporation�s commendable efforts in water conservation and management. The award ceremony is scheduled to take place in New Delhi later this month, where the President of India will felicitate the winners.Read more

15 Nov 2025

Marathon Nextgen Realty (MNRL) reported a net profit of INR?66.53?crore for the quarter ended September, up 34.54?% from INR?49.45?crore a year ago, despite a 6.44?% decline in total income to INR?155.06?crore from INR?165.73?crore. The company attributed this growth to strong execution, financial discipline, and operational efficiency. During the quarter, it launched Phase?III, Nirvana?Collection, of its Marathon?Nexzone township in Panvel with a gross development value exceeding INR?600?crore and raised INR?899.99?crore through a qualified institutional placement.Read more

15 Nov 2025

The Navi Mumbai Municipal Corporation (NMMC) launched a vigorous demolition drive in the Koparkhairane division earlier this month under the directives of Municipal Commissioner Dr Kailas Shinde. Guided by Additional Commissioner (2) Dr Rahul Gethe and Deputy Commissioner (Encroachment) Dr Kailas Gaikwad, the encroachment department acted upon court orders to remove an unauthorised structure in Mahape village. The structure, measuring approximately 6.5 metres by 6 metres, was demolished in compliance with judicial directives. Senior officials, engineers, and civic staff participated in the operation with police security and labour assistance.Read more

15 Nov 2025

Keystone Realtors Ltd posted a sharp 85 per cent decline in consolidated net profit for the second quarter, with earnings falling to INR 9.89 crore from INR 65.55 crore last year. Total income also declined to INR 520.90 crore. Despite the drop in profits, the company maintains a significant presence in the Mumbai Metropolitan Region, with 37 completed projects, 19 under construction, and 24 in the pipeline. Keystone has delivered over 26 million square feet of construction and continues to manage a healthy pipeline of 47 million square feet, reflecting ongoing long-term plans.Read more

15 Nov 2025

The Bhendi Bazaar Redevelopment Project, driven by the Saifee Burhani Upliftment Trust (SBUT), has transformed one of Mumbai's most congested localities into a modern, child-friendly environment. Families who once lived in cramped, poorly ventilated homes now occupy spacious, well-lit apartments equipped with private bathrooms and modern facilities. The project has also introduced green spaces, recreational podiums, and widened streets, prioritising safety, walkability, and access to play areas. This large-scale initiative has redefined what urban childhood can look like safe, healthy, and full of opportunity.Read more

15 Nov 2025

JSW Energy has raised INR 250 crore through the private placement of non-convertible debentures, with 25,000 NCDs allotted at a face value of INR 1,00,000 each. The company's board had earlier approved raising up to INR 3,000 crore through such instruments. This step supports JSW Energy's operational and expansion plans, reflecting its strategic focus on debt markets to meet capital needs efficiently. Over the years, private placement of listed and rated NCDs has become a key tool for energy firms in India to raise funds while maintaining financial flexibility.Read more

Mr. Chintan Sheth, Chairman and Managing Director, Sheth Realty

15 Nov 2025

Mulund, long known as Mumbai's green suburb, is now emerging as a model for new-age homebuyers seeking lifestyle-driven homes. The area's growing popularity among young professionals, first-time buyers, and families has shifted developers' focus from conventional layouts to flexible, community-centred living. Enhanced connectivity through Metro Lines 4 and 5, the Goregaon-Mulund Link Road, and the Eastern Express Highway has reinforced its position as one of Mumbai's most desirable and well-connected residential destinations. The demand for spacious multi-bedroom homes reflects the changing aspirations of today's urban buyers.Read more

14 Nov 2025

Advent Hotels International Ltd, demerged from Valor Estate Ltd, has begun trading independently on BSE and NSE. The company currently operates two hotels in Goa and Mumbai and is expanding through partnerships and joint ventures. Future projects include St. Regis and Marriott Marquis in Delhi and Waldorf Astoria, Hilton, and a large hotel at BKC, Mumbai. With five projects under development, the company aims to reach 3,100 keys. Additionally, it plans a 1.50 million sq ft integrated project in Sahar, Mumbai, with Prestige Group.Read more