14 Nov 2025

91Springboard has accelerated its pan-India growth by launching two new hubs in Mumbai and Gurugram, adding 1,00,000 sq.ft. of premium workspace. This year, the company has added half a million sq.ft., with plans to add another million by the end of the fiscal year. The Mumbai and Gurugram hubs feature Grade A infrastructure, high-speed internet, eco-friendly design, and strategic connectivity to airports, metro stations, and commercial districts. With 43 hubs across nine cities, 91Springboard caters to enterprises, startups, and MSMEs, offering flexible seating, private suites, and customized offices.Read more

14 Nov 2025

Navi Mumbai Municipal Corporation (NMMC) Commissioner Dr Kailas Shinde recently carried out an unannounced inspection of road repair and improvement works across Seawoods. The inspection was conducted alongside City Engineer Shirish Aradwad and Executive Engineer Madan Waghchaude. Following persistent rainfall since May, several roads had developed potholes and remained unrestored due to utility excavations. Dr Shinde instructed engineering officials to accelerate all pending works while maintaining high-quality standards and ensuring asphalt layering was carried out under proper technical supervision and temperature conditions.Read more

14 Nov 2025

Nexus Seawoods Mall in Navi Mumbai is set to transform into a culinary hotspot as it hosts The Global Food Carnival in collaboration with Things2do. Scheduled for the coming weekend, the two-day event promises over a hundred international flavours, more than ten live performances, and immersive entertainment zones. With renowned brands such as The Irish House, Tim Hortons, and Toscano participating, visitors can indulge in global cuisines, comfort classics, and street favourites. A dedicated Kids Zone with interactive games and activities ensures fun for all age groups.Read more

13 Nov 2025

The Comptroller and Auditor General (CAG) has established an Integrated Audit Group to conduct a coordinated audit of India's key infrastructure sectors-railways, ports, shipping, and waterways-in collaboration with IIM Mumbai. The audit evaluates how effectively multi-modal transport and logistics systems support national economic goals, focusing on connectivity, infrastructure alignment, and performance under the National Rail Plan 2030. It will also review India's logistics costs, which currently stand at 7.97% of GDP, and identify areas for optimisation. Additionally, the CAG will assess the Indian Railways e-procurement system for governance and IT gaps. The findings are expected to inform future policy and strengthen India's logistics efficiency and competitiveness.Read more

13 Nov 2025

Earlier this week, the Navi Mumbai Municipal Corporation (NMMC) directed all owners of buildings aged over 30 years to carry out structural audits through registered engineers and submit reports confirming their safety. A recent civic survey identified 513 structures as dangerous under the Maharashtra Municipal Corporation Act. Property owners who fail to comply by March 2026 could face fines of up to INR 25,000 or the equivalent of their annual property tax, whichever is higher, along with potential evacuation orders.Read more

13 Nov 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has invited bids to lease a 10,860 sq. m. commercial plot in Wadala, valued at a reserve price of INR 1,629 crore. With a high permissible FSI of 10, the site offers a built-up potential of 1,08,600 sq. m. Located in the Wadala Notified Area, the plot is part of MMRDA's plan to develop Mumbai's third central business district after BKC and Nariman Point. Enhanced by metro, monorail, and freeway connectivity, the initiative aims to attract large-scale commercial investment and generate non-fare revenue for regional infrastructure. The project marks a key step in decentralising Mumbai's commercial growth.Read more

12 Nov 2025

The Kalpataru Group has sold six floors in its Virtus office project in Vikhroli (West), Mumbai, to Bernhard Schulte Shipmanagement (BSM) for INR 304.05 crore. The deal, covering the 15th to 20th floors and spanning about 93,226 sq ft of RERA carpet area, was registered earlier this week with a stamp duty of INR 18.24 crore. Possession is scheduled for December 2028, ahead of the project's overall completion in December 2027. BSM said the acquisition supports its India expansion and growing maritime operations. For Kalpataru, this transaction builds on INR 1,200 crore in commercial sales over the past year, reflecting strong demand for Grade-A office space in Mumbai's JVLR-Powai-Vikhroli corridor.Read more

11 Nov 2025

The Competition Commission of India (CCI) has approved US-based Blackstone's proposal to acquire up to 80.15% of Aadhar Housing Finance Ltd (AHFL) through its subsidiary, BCP Asia II Holdco VII Pte Ltd. The deal, involving a secondary acquisition and an open offer to public shareholders, will strengthen Blackstone's presence in India's affordable housing finance sector. AHFL offers housing and property loans across the country and also distributes insurance products as a registered corporate agent with IRDAI. With this approval, Blackstone advances its strategy to expand investments in financial services, marking a significant step in India's evolving housing finance landscape.Read more

11 Nov 2025

In one of Navi Mumbai's biggest land deals, CIDCO sold a 42,000 sq. m. (over 10-acre) plot in Kharghar's Sector 23 to Aakar Developers for INR 2,120 crore, translating to about INR 5 lakh per sq. m. - the highest rate recorded in the area. The developer must pay 50% of the amount within three months. While higher FSI has improved project viability, the four-year completion deadline and strict penalties remain challenges. The deal cements Kharghar's position as a premium real estate hub, supported by strong infrastructure, education, and lifestyle amenities, as Aakar Developers prepares to deliver on this landmark investment.Read more

11 Nov 2025

Mumbai's Economic Offences Wing (EOW) has booked real estate developer Subbaraman Anand Vilaynur, his wife Uma Subbaraman, and B P Gangar Constructions for allegedly duping homebuyers of nearly INR 100 crore. The case was filed following a complaint by a 62-year-old chartered accountant, Anil Dron, who claimed that 102 buyers were promised flats in the "Sky 31" project in Wadala (West) since 2018. Instead of using the collected funds for construction, the accused allegedly diverted them to personal and other accounts and even sold one flat to two different buyers.Read more

11 Nov 2025

India has positioned itself as a leading destination for data centre investments, with Mumbai recognised as one of the world's most cost-effective cities for such developments, according to the latest Turner & Townsend Data Centre Construction Cost Index. The report placed Mumbai 51st among 52 global markets, with construction costs at just USD 6.64 per watt. The city also benefits from low electricity tariffs, further enhancing its operational efficiency. Despite this cost advantage, challenges such as reliable power supply and resilient supply chains remain key concerns for sustained growth.Read more

11 Nov 2025

Radisson Hotel Group has entered into an agreement with Hill Crest Hotels and Resorts to develop a 350-key Radisson Collection Hotel near the upcoming Navi Mumbai International Airport. The project, expected to commence operations in 2028, marks the debut of the luxury lifestyle brand in Maharashtra. The development will expand the group's regional portfolio to around 646 keys by 2028. The company's leadership expressed optimism about strong growth in transit and corporate travel, anticipating significant demand for both premium accommodation and MICE facilities in the emerging airport corridor.Read more

11 Nov 2025

Welspun Enterprises Ltd (WEL) announced earlier this week that it had received a significant contract to design, construct, and operate a 910 MLD water treatment plant at Panjrapur in Maharashtra. The project, valued at INR 3,145 crore, is set to enhance Mumbai�s water infrastructure using advanced technology solutions. Partnering with Veolia as its technology provider, the project includes extensive civil, mechanical, electrical, and instrumentation works. The company�s consolidated order book is expected to reach INR 16,330 crore following this development.Read more

10 Nov 2025

The Navi Mumbai Municipal Corporation (NMMC) has initiated an extensive post-monsoon cleanliness and dust control drive across the city. Under the direction of Municipal Commissioner Dr Kailash Shinde, five advanced dust suppression vehicles are operating continuously in three shifts, spraying treated water and cleaning major roads and footpaths. The initiative, carried out under the National Clean Air Programme (NCAP), aims to reduce airborne dust particles and improve overall air quality in Navi Mumbai.Read more

10 Nov 2025

The Indian Society of Landscape Architects (ISOLA) has announced the upcoming International Federation of Landscape Architects (IFLA)�Asia Pacific Regional Congress 2025, to be held in Mumbai later next year. Centred on the theme "Growth Paradox: Reimagining Landscapes," the event will bring together leading professionals and policymakers to deliberate on redefining urban growth through sustainability, inclusivity, and ecological balance. Supported by BMC, IGBC, and CREDAI�MCHI, the congress will feature over 40 speakers, exhibitions, panel discussions, and a Global Landscape Studio initiative.Read more

10 Nov 2025

The Navi Mumbai Municipal Corporation (NMMC) has issued a public notice urging all business owners operating within its jurisdiction to renew their trade licences through the corporation's online platform. The renewal applies to establishments such as hotels, eateries, sweet shops, beauty parlours, barbershops, and similar businesses governed under Section 376 of the Maharashtra Municipal Corporations Act. Traders have been advised to complete the online application process before the end of December to avoid penalties for non-renewal under the relevant provisions of the Act.Read more

10 Nov 2025

The Brihanmumbai Municipal Corporation (BMC) has planned to rejuvenate 319 ponds across Mumbai and turn them into clean, attractive spaces for public use and tourism. The initiative will be funded through corporate social responsibility (CSR) contributions from private companies, with the aim of improving aesthetics, biodiversity, and cultural value. The first phase will include 30 ponds across different wards. Heritage ponds such as Bandra Talao and Banganga Tank will also be restored to promote local tourism and preserve Mumbai's cultural identity.Read more

Mr. Prashant Khandelwal, Joint Secretary of CREDAI MCHI and CEO of Agami Realty

09 Nov 2025

As part of the government's ambitious Fourth Mumbai Plan, Boisar is set to become the nucleus of a new integrated urban cluster within the Mumbai Metropolitan Region. Backed by large-scale infrastructure including the Vadhavan Port, a greenfield international airport, and the Mumbai-Ahmedabad bullet train, Boisar is evolving from an established industrial hub into a global investment and residential destination offering employment, connectivity, and lifestyle advantages.Read more

09 Nov 2025

Veteran actor Amitabh Bachchan has sold two adjoining luxury apartments on the 47th floor of Oberoi Exquisite in Goregaon, Mumbai, for a combined INR 12 crore. Each 1,820 sq ft unit fetched INR 6 crore and included two car-parking spaces, with total stamp duty payments of INR 60 lakh. The Oberoi Realty project is known for its upscale amenities and strategic location near key business hubs. Both buyers are reportedly Mumbai-based professionals. The sale reflects a broader trend of high-net-worth individuals reorganising their real-estate portfolios. Bachchan, who owns multiple properties across Mumbai, has been actively balancing his investments in recent years.Read more