02 Nov 2025

The Bombay High Court has overturned the de-registration of a Borivli West housing society federation, ordering restoration of its registration under the Maharashtra Cooperative Societies Act. The federation, registered in January 2018, had been de-registered following an appeal filed in April 2025-almost seven years later-by another society claiming ignorance of its registration. However, the federation presented evidence showing that the appellant society had earlier applied for membership, proving prior knowledge. Justice Amit Borkar ruled that false claims cannot justify condonation of delay, quashing the registrar's order. The court stressed that statutory authorities must act within the law, reinforcing accountability and truthfulness in cooperative society proceedings across Maharashtra.Read more

31 Oct 2025

The Navi Mumbai Municipal Corporation (NMMC) has intensified its anti-encroachment drive across all eight regional offices following complaints of increased unauthorised hawking and traffic disruptions during the festive season. Acting under the directives of Municipal Commissioner Dr Kailas Shinde, the campaign was carried out under the supervision of Additional Commissioner (2) Dr Rahul Gethe and Deputy Commissioner (Encroachment) Dr Kailas Gaikwad. The operation targeted illegal hawkers, unauthorised vehicles, and hoardings, resulting in penalties amounting to INR 7.45 lakh being collected over the past week.Read more

31 Oct 2025

Air India Express will begin operations from the upcoming Navi Mumbai International Airport (NMIA) with five daily flights connecting major metro cities Delhi, Bengaluru, Chennai, Hyderabad, and Kolkata. The airline plans to expand to 20 daily departures after initial operations begin. In September, the airline announced 40 daily domestic flights in its first phase, connecting 15 cities. The Air India group aims to increase NMIA operations to 55 daily departures by mid-2026, including up to five international flights, and further to 120 daily departures and 60 arrivals by winter 2026.Read more

31 Oct 2025

The Brihanmumbai Municipal Corporation (BMC) continues to struggle with unauthorized hawkers occupying entrances near Aqua Line 3 Metro stations, despite daily inspections and enforcement measures. Vendors temporarily vacate areas during crackdowns but return shortly after, creating congestion and obstructing pedestrian movement. Officials admit the recurring nature of the problem and note that festive periods see an increase in hawking activity. The situation reflects the ongoing difficulty of managing illegal vending in Mumbai's public spaces, even as major infrastructure projects like Aqua Line 3 are completed.Read more

30 Oct 2025

The restructuring of Vedanta Limited's proposed demerger has been delayed again after the National Company Law Tribunal (NCLT) Mumbai bench was reconstituted, pushing the matter to be heard on November 12. The company informed the tribunal that the Securities and Exchange Board of India (SEBI) has cleared its revised scheme, which no longer separates the base-metals business from the parent. The Ministry of Petroleum and Natural Gas (MoPNG) has raised objections regarding disclosures in Vedanta's plan. Earlier this year the demerger approval deadline had already been extended due to pending regulatory approvals.Read more

30 Oct 2025

Mumbai's Brihanmumbai Electric Supply and Transport (BEST) has expanded its fleet by adding 157 air-conditioned electric buses as part of its plan to introduce 5,000 such vehicles in phases. Maharashtra Chief Minister Shri Devendra Fadnavis announced the addition at the Colaba depot, emphasizing the need for financial self-sufficiency through non-fare revenue. The initiative is aimed at reducing emissions, improving commuter comfort, and strengthening the city's transport network while aligning with Maharashtra's broader electric vehicle policy goals.Read more

30 Oct 2025

The Navi Mumbai Municipal Corporation (NMMC) is set to operationalise eight electric vehicle (EV) charging stations in the first phase to strengthen its environmental sustainability initiatives. Guided by Municipal Commissioner Dr Kailas Shinde, the corporation is implementing these facilities under the central government's vision of achieving 30% EV adoption by 2030. The initiative also aligns with the NITI Aayog's targets for electrifying two-, three- and four-wheelers and public transport. The project is being executed under a public-private partnership model.Read more

30 Oct 2025

The Navi Mumbai Municipal Corporation (NMMC) has collected over INR 500 crore in property tax during the first seven months of the current financial year from nearly 1.63 lakh property holders across its eight divisions. Of this, INR 313.70 crore came through digital modes and INR 186.41 crore through offline payments. The civic body, led by commissioner Dr Kailash Shinde, credited citizen participation, awareness drives, and digital initiatives for the growth and is aiming to cross INR 1,000 crore in total collection this fiscal.Read more

29 Oct 2025

Adani Ports and Special Economic Zone (APSEZ), led by Gautam Adani, expressed its intention earlier this week to participate in the INR 53,000 crore Vadhavan Port project near Mumbai. The company signed two memoranda of understanding with the Jawaharlal Nehru Port Authority (JNPA) to explore involvement in offshore works and the development of a container terminal. The JNPA, which owns the majority stake in the upcoming port, clarified that these agreements represent expressions of interest and will be followed by detailed bidding processes.Read more

29 Oct 2025

Samhi Hotels Ltd announced that the Maharashtra Industrial Development Corporation (MIDC) has approved an extension to the development timeline for its 700-room hotel project near Navi Mumbai International Airport and DY Patil Stadium. The first phase of the development will include 400 rooms. Planned to be operated under the Westin and Fairfield by Marriott brands, this will be Samhi's largest hotel property by room count and its first in the Mumbai Metropolitan Region.Read more

27 Oct 2025

Realty developer Godrej Properties anticipates generating over INR 10,000 crore in gross revenue from its forthcoming residential development named Godrej Trilogy in the Worli area of Mumbai. The 2.63-acre project will comprise three towers, with two of them covering about 11 lakh square feet of saleable area now having secured RERA approval, and registration from Maharashtra Real Estate Regulatory Authority (MahaRERA) obtained earlier this week. In the first phase, the company plans to launch the two approved towers this quarter. The project is a joint development on a prime land parcel in South Mumbai, aligning with the company's strategy to expand its presence in high-potential urban land assets.Read more

27 Oct 2025

The Nagpur bench of the Bombay High Court recently ruled that courts cannot compel banks to modify loan agreements or grant one-time settlement (OTS) benefits to borrowers or guarantors. The verdict came after a plea challenging Indian Bank's refusal to extend OTS benefits on a INR 62 crore loan sanctioned in 2011. The court held that granting OTS benefits falls within a bank's commercial judgment and cannot be enforced through judicial intervention. It further stated that borrowers and guarantors are bound by the contracts they willingly entered into.Read more

26 Oct 2025

Maharashtra Metro Rail Corporation Limited (MahaMetro) has started a feasibility study for the 11.5 km Sitabuldi-Koradi metro corridor in Nagpur, part of the city's Phase 3 metro expansion. The study will examine traffic density, commuter movement, corridor alignment, and integration with existing transport systems. The corridor is projected to handle a peak hour peak direction traffic (PHPDT) of 5,600 by 2031, rising to 11,800 by 2054, and daily ridership of 65,000 to 147,000. Financial models, last-mile connectivity, and seamless transfers will also be assessed.Read more

26 Oct 2025

The Bombay High Court has issued an interim order preventing the unauthorized division of a 620-square-foot flat into two separate units in a suburban housing society. The court observed that the structural changes were made without approvals, and the issuance of separate share certificates lacked legal authority. The society had highlighted misuse of office by the flat occupants, who were society office bearers. The ruling safeguards the rights of other members until the next hearing, emphasizing adherence to legal procedures and proper approvals in housing society matters.Read more

26 Oct 2025

Housing Development and Infrastructure Limited (HDIL), once a leading real estate developer, is facing a major financial challenge. The company, along with Ravijyot Finance and Leasing Private Limited and its promoters, owes over INR 2,059.30 crore to Unity Small Finance Bank (USFB), formerly Punjab & Maharashtra Cooperative (PMC) Bank. To recover these dues, USFB plans to auction a 426-acre land parcel in Dahisar West, Mumbai, with a reserve price of INR 1,234.62 crore. Interested bidders need to pay an earnest money deposit of INR 15 crore. The e-auction will accept bids in increments of INR 2 crore. Buyers should note ongoing litigations and clearance requirements that may affect development.Read more

26 Oct 2025

The Brihanmumbai Municipal Corporation (BMC) has received environmental clearance from the Union Ministry of Environment, Forest and Climate Change for a INR 2,395 crore cable-stayed bridge connecting Versova to Madh Island. The project, which was initially envisioned in the 1967 Development Plan, is expected to reduce current commute times from 45-60 minutes to under 10 minutes. The bridge will pass over Marve Creek and mangrove areas, requiring additional approvals from the Bombay High Court. Construction is planned to start by year-end, with a three-year timeline for completion.Read more

25 Oct 2025

The Bombay High Court has directed district collectors in six Konkan region districts to hand over 10,000 hectares of identified mangrove land to the Maharashtra forest department within two months. The order follows a contempt petition by Mumbai-based NGO Vanshakti, highlighting failure to implement a 2018 directive. The court has also set a detailed timeline for identifying, measuring, and transferring the remaining mangrove land. Previously, around 4,000 hectares had been transferred, but over 10,000 hectares remained pending, with some lands yet to be restored for mangrove cultivation.Read more

25 Oct 2025

Marathon Nextgen Realty has partnered with Adani Realty to develop Monte South Commercial, a large-scale office and retail project in Byculla, Mumbai, covering around 1.2 million sq ft with a gross development value of INR 3,400 crore. The project is part of the Monte South campus, which already features four residential towers over 64 storeys totaling more than 1.6 million sq ft of saleable area. The collaboration strengthens Adani Realty's presence in central Mumbai's office market while expanding Marathon's footprint, responding to growing demand for integrated commercial and residential developments.Read more

25 Oct 2025

The Bombay High Court imposed an INR 50 lakh fine on a businessman for leasing a shop in a redeveloped building on MHADA land in Kurla to Jammu & Kashmir Bank without an occupation certificate (OC). The court emphasized that commercial tenants and landlords must ensure statutory compliance, including fire NOC and OC. Chheda was directed to pay the fine to the PM CARES Fund within two weeks. The court also ordered the enforcement of a previous order to vacate the premises and highlighted lapses in due diligence by the bank.Read more

25 Oct 2025

Recently, actor Sonu Sood and his son Eshaan Sood acquired a plot of land in the Shirdon area of Panvel Taluka for INR 1.05 crore. The site spans approximately 0.0650 hectares (777 square yards), and the transaction included stamp duty and registration charges. In a separate purchase, Eshaan also bought an apartment in Andheri West, Mumbai, for INR 2.6 crore earlier in the year, with associated duties and fees duly recorded.Read more