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

MMRDA plans 21 km double-deck flyover from Shil Phata to Bhiwandi

09 Nov 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has announced a plan to build a 21-kilometre double-deck flyover connecting Shil Phata junction with Ranjnoli junction near Bhiwandi. The structure will include a four-lane road on the lower level and dedicated space for three metro lines on the upper deck. The corridor will connect with major projects like the Airoli-Katai Freeway, the Virar-Alibaug Multi-Modal Corridor, and the Mumbai-Ahmedabad Bullet Train alignment. The project aims to ease congestion and improve connectivity between Navi Mumbai, Kalyan, Dombivli, and Bhiwandi.Read more

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Apollo Hospitals to provide 24x7 healthcare services at Navi Mumbai International Airport

08 Nov 2025

The operator of the Navi Mumbai International Airport (NMIA) and Apollo Hospitals have signed an agreement to deliver round-the-clock medical services for both airport staff and passengers. Apollo Hospitals will establish multiple 24x7 medical centres at Terminal 1, with emergency medical support and disaster-management facilities staffed by Advanced Cardiovascular Life Support-certified professionals. Two fully equipped intensive-care ambulances will be stationed on-site, and 65 automated external defibrillators will also be placed throughout the terminals. Commercial flight operations at NMIA are expected to begin shortly.Read more

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Goregaon East metro station renamed as Zurich Kotak Goregaon East

08 Nov 2025

Zurich Kotak General Insurance has partnered with Mumbai Metro to brand the Goregaon East station on Metro Line 7 as 'Zurich Kotak Goregaon East.' Located beside NESCO, one of Mumbai's major commercial hubs, the station serves thousands of daily commuters and connects key residential and business areas such as Goregaon and Andheri. The initiative reflects the company's vision to integrate its brand with the city's mobility ecosystem while symbolizing progress, reliability, and long-term commitment to India's growing infrastructure landscape.Read more

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Mumbai Airport to halt flight operations for six hours on November 20 for maintenance

08 Nov 2025

The Mumbai International Airport Ltd (MIAL) has announced a temporary suspension of flight operations on November 20 for six hours to carry out its annual post-monsoon maintenance. Both intersecting runways 09/27 and 14/32 will remain closed from 11 am to 5 pm. The airport operator has issued a Notice to Airmen (NOTAM) in advance to help airlines and ground staff adjust flight schedules and operations. The maintenance will include surface repairs, technical inspections, and checks of runway lights, markings, and drainage systems.Read more

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BMC to resurface Vikhroli, Vakola and Aarey flyovers under INR 35 crore plan

07 Nov 2025

The Brihanmumbai Municipal Corporation (BMC) will take charge of resurfacing three key flyovers at Vikhroli, Vakola and Aarey, under a project estimated at around INR 30-35 crore, with reimbursement to follow from the Maharashtra State Road Development Corporation (MSRDC). The move follows directives from Shri Piyush Goyal and Shri Devendra Fadnavis aimed at easing traffic flow on the Western Express Highway. Tendering was scheduled this week and work is expected to begin in early December. The flyovers, though under MSRDC's jurisdiction, will now be handled by the civic body to speed up repairs.Read more

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BMC, BDA hand over 100 flats under Shantipalli Awas Yojana in Bhubaneswar

07 Nov 2025

The Bhubaneswar Municipal Corporation (BMC) and Bhubaneswar Development Authority (BDA) have handed over more than 100 flats to beneficiaries under the third allotment phase of the Shantipalli Awas Yojana, part of the Keshari Residency project in Satya Nagar. With this phase, 560 families have now received homes�326 in the first phase held last November and 121 in the second. Odisha�s Housing and Urban Development Minister Krushna Chandra Mahapatra stated that the project, developed under a public�private partnership, will ultimately provide 1,300 units, including 840 for the Economically Weaker Section (EWS). Of these, 560 G+4 flats are already complete and occupied. The initiative, one of three affordable housing projects under the Pradhan Mantri Awas Yojana (PMAY) in Bhubaneswar, is complemented by ongoing works at Ekamra Residency in Buddha Vihar and Barunei Enclave in Subuddhipur.Read more

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BMC to lease Mulund dumping ground land to Adani Group for Dharavi redevelopment support

07 Nov 2025

The Brihanmumbai Municipal Corporation (BMC) has approved leasing around 15 acres of land at the closed Mulund dumping ground to Navbharat Mega Developers Private Limited (NMDPL), an Adani Group special purpose vehicle (SPV) executing the Dharavi Redevelopment Project with the Maharashtra government. The lease, set for 10 years, will carry an annual rent of INR 18.35 crore at a rate of INR 252 per sq m per month. The land will be used to set up casting yards, precast units, and RMC plants essential for construction. However, the site still holds around 50,000 metric tons of solid waste awaiting clearance before work begins.Read more

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NMMC chief reviews 2025-26 projects, orders faster civic works in Navi Mumbai

06 Nov 2025

The Navi Mumbai Municipal Corporation (NMMC) Commissioner, Dr Kailas Shinde, held a comprehensive review meeting earlier this week with department heads to assess the progress of civic infrastructure works outlined in the 2025-26 municipal budget. The session focused on expediting road repairs, cleanliness drives, drainage maintenance, and enforcement against unauthorised banners. Dr Shinde emphasised effective inter-departmental coordination, the use of recycled water for street cleaning, and prompt administrative processes to ensure timely project completion. The meeting was attended by senior officials, including the Additional Commissioner and heads of engineering and finance departments.Read more

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BMC plans to remodel 48 crash-prone junctions to improve road safety

06 Nov 2025

The Brihanmumbai Municipal Corporation (BMC) has approved an INR 20 crore project this week to redesign 48 high-risk road junctions across Mumbai in collaboration with the Mumbai Traffic Police. These intersections were identified through a survey by the World Resources Institute India (WRI India) and the Global Designing Cities Initiative (GDCI) in 2021-22. The improvements will include widening footpaths, installing dedicated lanes, reducing crossing distances, and calming traffic. Key spots include the Sion-Panvel Expressway, Ghatkopar-Mankhurd Link Road and King Circle.Read more

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BMC to monetise recycled water from seven sewage plants across Mumbai

06 Nov 2025

The Brihanmumbai Municipal Corporation (BMC) will transform seven of its sewage-treatment plants into revenue-earning units by selling about 1,200 MLD of chemically processed recycled water annually to companies including Tata Power, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) at a rate of INR 1 per kilolitre. The scheme is expected to bring in around INR 43.80 crore a year, once the upgrades to the plants in Worli, Ghatkopar, Versova, Malad, Bandra, Bhandup and Dharavi are complete.Read more

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Mulund traffic halted for Metro-4 steel span installation at Sonapur junction

05 Nov 2025

A 56-metre steel span was recently installed at the Sonapur junction in Mulund as part of the ongoing Metro-4 construction between Wadala and Kasarvadavali. The heavy-duty operation, carried out in two phases using 500-tonne cranes and multi-axle trailers, required complete traffic closure at the GMLR junction over two nights. Commuters were diverted through alternative routes including Village Road, Pandit Jawaharlal Nehru Road, and Subhash Nagar Road. Authorities confirmed that additional work will continue next weekend and that one lane on LBS Road will remain closed till the end of December.Read more

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Navi Mumbai Municipal Corporation to observe Democracy Day in December

05 Nov 2025

Navi Mumbai Municipal Corporation (NMMC) announced that its Democracy Day for December will be observed on the first Monday of the month, in line with the Maharashtra Government's directive. During the recently held session earlier this week, Municipal Commissioner Dr Kailas Shinde reviewed one application and instructed the Encroachment Department to take necessary action. The civic body has urged citizens to submit their applications in the prescribed format for the upcoming Democracy Day session to be held in December.Read more

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BMC cracks down on construction sites over air pollution and AQI compliance

05 Nov 2025

The Brihanmumbai Municipal Corporation (BMC) has launched ward-level inspections across Mumbai to enforce its 28-point environmental guidelines for construction sites. The checks focus on ensuring the installation of air-quality (AQI) monitors to track dust and emissions from ongoing projects. In September, the BMC issued 314 notices including 275 show-cause notices and 39 stop-work orders' to non-compliant sites. Dedicated squads are conducting regular visits to verify adherence to pollution-control norms such as water sprinkling and debris containment. Building on earlier measures from 2023, the initiative aims to curb dust pollution, enhance accountability, and improve Mumbai's air quality, with repeat violators facing penalties or extended work suspensions.Read more

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Mumbai Metro Line-3 carries over 38 lakh passengers in October

05 Nov 2025

The Mumbai Metro Line 3, or Aqua Line, handled 38.63 lakh passengers in October, showing consistent growth in daily ridership since its full launch earlier this month. Covering 33.5 km from Cuffe Parade to Aarey JVLR, the corridor recorded an average weekday ridership of 1.41 lakh, with the highest single-day count reaching 1.82 lakh. Operated by the Mumbai Metro Rail Corporation (MMRC), the line connects major business and transit hubs and has introduced WhatsApp and QR-based ticketing for easier travel.Read more

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Titagarh Rail Systems secures major metro contract for Mumbai Line 5

05 Nov 2025

Titagarh Rail Systems Ltd (TRSL) announced earlier this week that it had been awarded a contract worth INR 2,481 crore by the Mumbai Metropolitan Region Development Authority (MMRDA). The agreement includes the design, manufacture, supply, and commissioning of 132 metro coaches for Mumbai Metro Line 5, along with several key systems such as signalling, telecommunication, and depot machinery. The project spans both phases of Line 5 and will also include five years of comprehensive maintenance.Read more

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Mumbai property registrations stay strong despite festive slowdown and mid-income housing demand

04 Nov 2025

Mumbai recorded around 11,200 property registrations during the past month, reflecting a 14% year-on-year dip, largely attributed to last year�s elevated festive base. According to Knight Frank India, stamp duty collections touched INR 1,004 crore, showing a 17% fall. Despite the decline, the city maintained over 11,000 registrations, highlighting persistent buyer confidence, particularly in the mid-income and western suburban segments, which continued to dominate the market share.Read more

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Smartworks to build world's largest managed workspace at Vikhroli, Mumbai

04 Nov 2025

Smartworks Coworking Spaces Ltd has leased 8.15 lakh sq ft of office space in Mumbai from the Hiranandani Group to create what it says will be the world's largest managed workspace campus. The new facility, located at Vikhroli in the Regalia Office Parks project, is expected to be operational by late 2026. The partnership marks a major milestone for Smartworks, which already manages over 12 million sq ft of workspace across 14 cities in India and Singapore. The company continues to expand its focus on large, sustainable, and enterprise-driven office campuses.Read more

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SRA unveils technology-driven reforms to accelerate slum rehabilitation across Mumbai

04 Nov 2025

The Slum Rehabilitation Authority (SRA) has initiated a series of technology-driven reforms aimed at expediting slum rehabilitation projects across Mumbai. Led by CEO Dr Mahendra Kalyankar, the Authority introduced measures such as blockchain-based approval systems, AI chatbots, and multi-language portals to improve transparency and efficiency. Developers' associations including CREDAI MCHI, NAREDCO, BDA, and PEATA lauded the reforms, noting renewed optimism in the sector and the SRA's commitment to achieving a slum-free Mumbai.Read more

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SRA and DRP appointed as special planning authorities for Dharavi rehabilitation lands

03 Nov 2025

The state urban development department has named the Slum Rehabilitation Authority (SRA) and Dharavi Redevelopment Project (DRP) as special planning authorities for the 42.51-acre Jamasp Salt Pan land in Mulund East and the 8.5-hectare Kurla Dairy land. These parcels form part of the 256-acre land approved by the Centre for the Dharavi redevelopment, aimed at housing ineligible residents through rental units. Navbharat Mega Developers Pvt Ltd, the special purpose vehicle for the project, paid INR 320 crore for the Salt Pan land, which it took possession of earlier this year.Read more

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Starlink leases office in Mumbai as part of its broader India expansion strategy

03 Nov 2025

Starlink Satellite Communications Pvt Ltd, the Indian arm of SpaceX, has leased a 1,294 sq ft office in Mumbai's Boomerang commercial complex, Chandivali, marking a key step in expanding its India presence. The five-year lease, registered earlier this week, carries a monthly rent of INR 3.52 lakh with a 5% annual escalation and a security deposit of INR 31.7 lakh. The move aligns with Starlink's preparations to launch satellite broadband services pending Department of Telecommunications approval, and its plan to establish nine gateway earth stations, including one in Mumbai.Read more

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