24 Sep 2025

IHCL has invested over INR 100 crore to acquire more than 2 lakh shares of its wholly-owned subsidiary, ELEL Hotels and Investment Limited, through a rights issue. ELEL Hotels holds the leasehold rights for the Bandstand, Bandra site, where IHCL plans to develop the INR 2,500-crore Taj Bandstand project with 330 hotel rooms and 85 apartments. This investment follows an earlier rights issue in July, when IHCL acquired over 3.3 lakh shares for INR 165 crore, highlighting the company's steady commitment to completing the high-profile luxury project in Mumbai.Read more

24 Sep 2025

The Bhendi Bazaar Redevelopment Project in Mumbai, driven by the Saifee Burhani Upliftment Trust (SBUT), is being recognised as one of India's most ambitious cluster redevelopment initiatives. Spread across 16.5 acres, it is replacing over 250 unsafe buildings with modern, sustainable towers while preserving the area's cultural and commercial character. More than 25,000 residents, most of them tenants, are being resettled as homeowners in well-planned apartments with improved amenities. The transformation extends to wider roads, green podiums, parking for thousands of vehicles, and sustainable features such as rooftop solar energy and native tree plantations.Read more

24 Sep 2025

The trial run for the first phase of Metro Lines 4 and 4A in Thane was successfully conducted, with officials projecting a significant reduction in travel time across the Mumbai Metropolitan Region. The project is expected to benefit approximately 22 lakh daily commuters, reducing travel time by 50 to 75 percent. The total investment for the project is estimated at INR 16,000 crore. Once completed, the 35.20 km Metro Lines 4 and 4A will connect Wadala, Ghatkopar, and Mulund in Mumbai to Kasarvadavali and Gaimukh in Thane. The project aims to address the growing demand for efficient public transportation in the region.Read more

24 Sep 2025

A special court in Mumbai has issued summonses to Prathamesh Developers, its partner Pravin Raut, and Jitendra Mehta of Mehta Developers in connection with the Patra Chawl redevelopment project. The Enforcement Directorate (ED) has charged the accused with money laundering, alleging they diverted funds and sold Floor Space Index (FSI) rights, instead of constructing flats for the tenants. The case involves financial irregularities in the redevelopment of the 47-acre Patra Chawl in Goregaon, which was intended to provide homes to 672 tenant families.Read more

24 Sep 2025

Mumbai is witnessing one of its largest urban transformations, with redevelopment emerging as a central force behind the city's housing supply. Old cessed buildings and ageing societies are being replaced by modern high-rises that offer safety, sustainability, and lifestyle upgrades. Policy incentives, developer interest, and strong demand are driving projects across South Mumbai, Central areas, and the suburbs, despite regulatory hurdles, rising costs, and civic pressures. Experts underline that transparency, discipline, and timely execution are key to building trust and unlocking value.Read more

23 Sep 2025

Apple India has renewed its lease for multiple office floors at Maker Maxity in Mumbai's Bandra-Kurla Complex, while also acquiring additional space. The combined lease now spans five floors, totaling 37,549 square feet. The agreement includes a 4% annual rent escalation and a five-year lock-in period for the newly leased 10th floor and terrace area. This expansion reflects Apple's growing presence in India, aligning with its broader strategy to strengthen both retail and corporate operations across the country.Read more

23 Sep 2025

House of Abhinandan Lodha (HoABL) has committed INR 200 crore to an affordable housing project in Naigaon, Mumbai, in collaboration with Mittal Builders. The 12-acre development will be executed in two phases over five years, aiming to deliver approximately 1.4 million square feet of residential space. Additionally, HoABL plans to expand its affordable housing initiatives by identifying seven more sites across the Mumbai Metropolitan Region, including one near the upcoming Navi Mumbai International Airport. These projects will be joint ventures with landowners, targeting a combined development potential of over 2 million square feet.Read more

23 Sep 2025

The Brihanmumbai Municipal Corporation (BMC) is planning to construct a 4.2 km flyover along LBS Marg, extending from Kalpana Talkies in Kurla West to Pankhe Shah Baba Dargah in Ghatkopar West. This initiative aims to alleviate persistent traffic congestion at major junctions such as Andheri-Ghatkopar Link Road, Ghatkopar Station Road, and Sant Narsi Mehta Road. The Veermata Jijabai Technological Institute (VJTI) is tasked with designing the flyover, considering existing infrastructure like the MRIDC bridge and the Metro line. The project is currently in the planning phase.Read more

23 Sep 2025

NAREDCO Maharashtra has announced the fourth edition of the Homethon Property Expo, scheduled to be held later this week at the Jio World Convention Centre, BKC, Mumbai. With more than 50,000 registrations already recorded, the event is expected to see unprecedented participation. Featuring a newly introduced mascot, over 1,000 projects, exclusive financing schemes, and the concurrent Real Estate Forum, the expo is positioned as a key platform for developers, policymakers, and buyers alike.Read more

23 Sep 2025

The Mumbai Metropolitan Region Development Authority (MMRDA), under the supervision of Metropolitan Commissioner Dr Sanjay Mukherjee, carried out a detailed inspection of the Atal Setu earlier this week. Officials observed minor surface distress along a two-kilometre stretch on the Navi Mumbai-bound carriageway, attributed to heavy monsoon conditions and continuous traffic load. The contractor has been instructed to repair the patchwork within five days, alongside strict enforcement actions including financial penalties and an extended defect liability period.Read more

23 Sep 2025

Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in the Koparkhairane division after property owners ignored prior notices. The operation, led under the directives of Municipal Commissioner Dr Kailas Shinde and senior officials, targeted unauthorised construction linked to Rajpal Hospital in Sector 10. A partial demolition was conducted, and a penalty of INR 50,000 was imposed. The civic body emphasised that strict action against unauthorised developments would continue across the city.Read more

22 Sep 2025

The Navi Mumbai Municipal Corporation (NMMC) has issued fresh directives for pet dog owners, reminding them of licensing requirements, mandatory vaccination, and responsible handling while in public spaces. The move comes in the backdrop of complaints regarding aggressive dog breeds and rising incidents of stray dog-related issues. NMMC also reiterated compliance with Supreme Court and Animal Welfare Board guidelines, warning that failure to adhere would attract penalties.Read more

22 Sep 2025

Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in Vashi against an unauthorised building despite prior notices being served. The action, initiated under the directives of Municipal Commissioner Dr Kailas Shinde, was supervised by Additional Commissioner Dr Rahul Gethe and Deputy Commissioner Dr Kailas Gaikwad. The partial demolition was supported by civic engineers, encroachment officials, police, and workers, with heavy machinery and labour deployed. Authorities indicated that such anti-encroachment operations would be intensified in the coming period.Read more

21 Sep 2025

Actor Sanjay Mishra has purchased a sea-view apartment in Raheja Exotica Cyprus, Madh Island, Mumbai, for INR 4.75 crore. The flat, spread across 1,701 sq ft with an additional deck area, places him in the same project where singer Jubin Nautiyal bought a home late last year. Mishra joins several film personalities who have invested in this coastal location, which has seen rising property rates due to upcoming infrastructure like the Versova-Madh bridge and Bandra-Versova Sea Link.Read more

20 Sep 2025

Rajendra Lodha, a former director at Lodha Developers, was arrested in Mumbai on September 17 in connection with an alleged fraud uncovered during an ongoing investigation. Lodha was taken into custody from his Worli residence by the Mumbai Crime Branch property cell and brought to court, which remanded him to police custody until September 23. He had resigned from all positions at Lodha Developers on August 17, 2025, at the company's request, after an ethics committee reviewed his conduct. Lodha Developers has referred the matter to authorities and is implementing recommendations from an external review.Read more