18 Oct 2025

The Mumbai Metro Rail Corporation (MMRC) has rolled out free Wi-Fi services at all stations on Metro Line 3, responding to commuter concerns over weak mobile connectivity in underground sections. The service allows passengers to access the MetroConnect3 app for digital ticket booking directly from the concourse level of each station. MMRC expects this initiative to reduce waiting time, improve convenience, and enhance the overall travel experience, while further promoting the use of digital services among commuters.Read more

18 Oct 2025

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in the Belapur division after property owners ignored prior notices regarding unauthorised construction. Acting under the orders of the Additional District Court and following the directives of Commissioner Dr Kailas Shinde, the Encroachment Department, led by Additional Commissioner Dr Rahul Gethe and Deputy Commissioner Dr Kailas Gaikwad, executed the clearance operation with the support of civic and police personnel.Read more

Bhavesh Shah, Joint Managing Director, Today Group

18 Oct 2025

Navi Mumbai is steadily redefining its economic landscape, with the Panvel-Kharghar corridor emerging as the city's new central business district. The inauguration of the Navi Mumbai International Airport (NMIA), along with game-changing infrastructure such as the Mumbai Trans Harbour Link (MTHL) and the proposed International Corporate Park in Kharghar, has transformed this once-peripheral zone into a major commercial and residential hub. Supported by strategic government planning, improved connectivity, and sustainable urban development, the region is poised to rival traditional Mumbai business districts like Bandra-Kurla Complex and Andheri.Read more

18 Oct 2025

CRISIL Limited has finalized a 15-year lease for nearly 2.5 lakh square feet of office space in the Hiranandani Lightbridge building, located in Mumbai's Powai area. The lease, valued at INR 597 crore, will have CRISIL occupy the 10th to 15th floors along with 250 car and 75 two-wheeler parking spaces. The agreement includes a monthly rent of INR 2.35 crore with a 4.77% annual escalation. The new office, set to become CRISIL House, reflects the company's strategic focus on consolidating operations in Mumbai's rapidly growing commercial hubs.Read more

17 Oct 2025

The Bhoomipujan for the Mata Ramabai Ambedkar Nagar and Kamaraj Nagar Slum Rehabilitation Scheme was held in the presence of Maharashtra Chief Minister Devendra Fadnavis, Deputy Chief Ministers Eknath Shinde and Ajit Pawar, and senior officials, marking MMRDA's first redevelopment project under its own wing in collaboration with SRA. Spanning 31.82 hectares, the project will benefit 17,000 families, with Phase 1 delivering 4,345 free 1BHK homes featuring modern amenities. Backed by a INR 1,500 crore loan, the scheme includes community facilities, infrastructure upgrades, and two years' rent for residents. The initiative represents a model for inclusive, sustainable urban redevelopment and a step toward a slum-free Maharashtra.Read more

17 Oct 2025

The Brihanmumbai Municipal Corporation (BMC) has introduced an online lottery for the sale of 426 affordable flats across Mumbai, marking its first independent initiative of this kind. These homes, priced between INR 55 lakh and INR 1 crore, are located in Kandivli, Bhandup, Byculla, Kanjurmarg, Jogeshwari, and Goregaon, and are available exclusively to applicants from the Economically Weaker Section (EWS) and Low-Income Group (LIG). The move is expected to generate around INR 308 crore. Applications opened this week and will be processed through a lottery system managed entirely by BMC to streamline operations and enhance revenue.Read more

17 Oct 2025

Earlier this week, Arnya Real Estate Fund Advisors announced a deployment of INR 415 crore in residential projects across Bengaluru and Navi Mumbai. Its assets under management have topped INR 675 crore, and full capital deployment is projected to cross INR 1,200 crore by March next year. The firm has also initiated a residential equity fund via a platform tie-up, targeting a corpus of INR 1,000 crore. These moves emphasise its growing role in backing housing developments across major Indian metros.Read more

17 Oct 2025

Bollywood star Amitabh Bachchan has strengthened his presence in Alibaug, a coastal town near Mumbai, by acquiring three adjacent plots totaling 9,557 sq ft. The plots, part of the 'A Alibaug Phase-2' project by The House of Abhinandan Lodha, were bought for a combined INR 6.6 crore, following an earlier purchase of a 10,000 sq ft plot in the same area for INR 10 crore. These acquisitions highlight his consistent interest in luxury real estate in the region, a popular destination for high-profile individuals seeking premium second homes and villas.Read more

16 Oct 2025

Actor Neil Nitin Mukesh and his father finalised the purchase of a high-end residence in Mumbai's World One tower for INR 11.35 crore. The transaction, registered recently, includes a spacious unit measuring 189.89 sq m (2,044 sq ft) along with two parking spots. The stamp duty and registration charges were duly paid, reflecting the premium nature of the deal. This acquisition has drawn attention in real estate circles, both for the celebrity involvement and the value of the property.Read more

16 Oct 2025

Mumbai has enforced stricter regulations on construction dust pollution, requiring real-time air quality monitoring and LED displays at all construction sites. Oizom's BMC-approved AQBot PM system enables contractors to monitor PM2.5 and PM10 efficiently, even under harsh conditions. With automation to trigger dust suppression systems, real-time data integration with BMC's Command Center, and pre-calibrated units verified by NABL-accredited labs, AQBot PM helps over 100 construction groups stay compliant. Adoption is growing rapidly, reflecting a shift toward technology-driven environmental monitoring in India's construction sector.Read more

15 Oct 2025

The Navi Mumbai Municipal Corporation (NMMC) conducted a demolition drive against unauthorised huts in the Airoli division following directives from Municipal Commissioner Dr Kailas Shinde. The action, led by Additional Commissioner (2) Dr Rahul Gethe and Deputy Commissioner (Encroachment) Dr Kailas Gaikwad, targeted encroachments near the proposed site of a sewage treatment plant beside NMMC School No. 77 in Yadavnagar. Officials confirmed that such anti-encroachment actions would continue with greater intensity.Read more

15 Oct 2025

Prestige Estates Projects Ltd has launched Prestige Garden Trails in Mumbai, aiming for INR 2,000 crore in revenue. Spread across 5.2 acres, the project includes 1,324 units with a total carpet area of 10 lakh sq ft. Following its recent Ghaziabad launch worth INR 2,200 crore, the company continues its expansion strategy amid high demand for quality housing. With over 300 projects completed since 1986 and record sales in the first half of the fiscal year, Prestige demonstrates strong growth and sustained focus on India's residential real estate market.Read more

15 Oct 2025

The Brihanmumbai Municipal Corporation (BMC) has proposed demolishing a 100-metre bridge over an inlet of the Poisar River in Gorai, a western suburb of Mumbai. This bridge serves as the sole direct link between Lower and Upper Koliwada, areas predominantly inhabited by traditional Koli communities. While the BMC cites structural issues and the bridge's location within the Coastal Regulation Zone as reasons for the demolition, residents are concerned about increased inaccessibility, especially during high tides. The BMC plans to construct a new bridge at an estimated cost of INR 4 crore, featuring improved infrastructure.Read more

14 Oct 2025

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive against unauthorised construction in the Ghansoli division earlier this week. Despite prior notices served by the encroachment department, the concerned property owner had ignored the warnings and continued illegal construction work. Acting under the directives of Commissioner Dr Kailas Shinde, the NMMC team, supported by senior officials, executed the clearance operation with police assistance. The civic body confirmed that similar actions would continue across other areas as well.Read more

14 Oct 2025

Mumbai's property market recorded its best-ever September performance as home registrations surged and stamp duty collections grew sharply, defying the typical slowdown during the Shraddh period. Data from Knight Frank India revealed a notable rise in both property registrations and revenue, driven by the early onset of the festive season, stable demand, and steady buyer confidence across residential segments. Developers and industry experts noted that the market's strength reflected the city's resilience and sustained end-user interest.Read more

13 Oct 2025

Vascon Engineers has received a redevelopment contract worth INR 161 crore from MSEB Holding Company Ltd for the Saudamini Building project in Mumbai's Mahalaxmi area. The work, expected to be completed within 36 months from commencement, marks a key addition to Vascon's redevelopment portfolio in the city. The company said its ongoing and upcoming projects in Mumbai's Santacruz, Powai, and nearby markets together span about 0.4 million sq ft, valued at around INR 1,050 crore, and are projected to contribute half of its overall real estate portfolio by FY27.Read more

13 Oct 2025

Dharma Productions has leased a 5,500 sq. ft. office in Andheri West, Mumbai, for a four-year term at INR 15 lakh per month, with a 5% yearly escalation totaling approximately INR 7.75 crore. The lease also includes a security deposit of INR 1 crore and registration costs. Located in the premium Signature building, Andheri West's connectivity to key business districts and the airport makes it a preferred commercial hub. This move follows Karan Johar's earlier rental in Pali Hill and the 2024 sale of a 50% stake in Dharma Productions.Read more

12 Oct 2025

The State Bank of India (SBI) is set to acquire 200 ready-to-move-in two-bedroom apartments across the Mumbai Metropolitan Region for its employees, in a bulk deal valued at around INR 294 crore, excluding taxes. The bank has invited developers to submit proposals for units in central suburbs, western suburbs, the Thane-Kalyan belt, and Navi Mumbai from Kharghar to Panvel. Each apartment must have a MahaRERA-approved carpet area of approximately 55.74 sq. m. and be less than five years old. The purchase will also include 400 parking slots.Read more

12 Oct 2025

CIDCO is preparing to finalize the master plan for the 667-acre Navi Mumbai Aerocity, located next to the upcoming international airport. The development will feature residential, commercial, retail, mixed-use, and industrial zones. Complementary projects, including Educity, Medicity, and an International Corporate Park, aim to create an integrated ecosystem for education, healthcare, and global business. These developments are expected to drive residential and commercial demand, particularly in mid- and premium-segment housing, and reinforce Navi Mumbai's position as a growing hub for investment, employment, and urban expansion.Read more

12 Oct 2025

Lodha Developers reported a 7% year-on-year increase in pre-sales, reaching INR 4,570 crore for the July-September quarter, reflecting strong market demand. Collections rose 13% to INR 3,480 crore, showing robust cash flow. For the first half of the financial year, pre-sales reached INR 9,020 crore, up 8%, while collections increased 10% to INR 6,360 crore. The company added a new project in the Mumbai Metropolitan Region valued at INR 2,300 crore, helping it achieve its full-year guidance of INR 25,000 crore ahead of schedule. Net debt remained at INR 5,370 crore.Read more