20 Aug 2025

The National Real Estate Development Council (NAREDCO) Maharashtra has postponed its annual real estate event, "The Real Estate Forum 2025," due to a severe spell of heavy rainfall and subsequent waterlogging in Mumbai. The event was originally scheduled for August 20. The decision was made in response to an advisory from the India Meteorological Department (IMD) and was taken to ensure the safety and convenience of attendees. The heavy rains, which dropped over 300 millimeters in Mumbai in a single day, caused widespread disruptions, including flight delays and traffic gridlock. A new date for the event has not yet been announced.Read more

19 Aug 2025

CIDCO is advancing plans for a 667-acre Aerocity near the soon-to-open Navi Mumbai International Airport, expected to begin operations in September under Adani Group. Bids have been invited to appoint a master planner and transaction advisor for the project, which will allocate 123 acres each for residential, commercial, and retail zones, alongside offices, warehouses, hotels, hospitals, and entertainment spaces. Strategically connected to the Mumbai Trans Harbour Link, Navi Mumbai Metro, and suburban rail, the Aerocity aims to offer Mumbai a rare, fully planned urban hub. Rising property demand, particularly from aviation professionals, signals strong interest ahead of the airport's launch.Read more

19 Aug 2025

Mumbai's Slum Rehabilitation Authority (SRA) has set a target of building 500,000 new homes for slum dwellers in the next five years, aiming to double what it achieved in nearly three decades since 1996. The authority has already accelerated delivery with more than 16,000 homes completed in just 100 days and close to 17,000 in the past year. New measures such as drone surveys, biometric verification, and stronger laws against defaulting developers are driving this shift. By restarting stalled projects and enforcing overdue rent recovery, SRA is moving faster than ever before.Read more

18 Aug 2025

Dow Chemicals has leased 2.56 lakh sq ft at Mindspace SEZ in Airoli, spanning five floors for a 10-year term at INR 1.64 crore monthly rent (INR 64 per sq ft). The deal includes 5% annual escalation, a security deposit of INR 14.77 crore, and a fit-out deposit of INR 82.09 crore refundable in installments, alongside a fixed fit-out rent of INR 29.45 per sq ft. The move highlights strong multinational demand for premium offices in Greater Mumbai. Mindspace REIT recently reported 1.7 million sq ft of leasing across major cities, driven by GCCs, BFSI, and tech firms, underscoring India's robust office market momentum.Read more

18 Aug 2025

Bollywood actress Kriti Sanon has purchased a luxurious duplex penthouse in Supreme Prana, an under-construction tower in Mumbai's Pali Hill, Bandra West, for over INR 78.20 crore. Spanning 6,636 sq ft across the 14th and 15th floors, the sea-facing home also includes a 1,209 sq ft terrace and six car parking slots. Registered jointly with her mother, the deal involved INR 3.91 crore in stamp duty, benefiting from a 1% concession for women buyers, with the total cost exceeding INR 84.16 crore after charges. Sanon, who also owns land in Alibaug, joins a growing trend of Bollywood stars investing in prime real estate.Read more

18 Aug 2025

Navi Mumbai Municipal Corporation (NMMC) has introduced an innovative initiative by becoming the first civic body in India to provide property identity cards to citizens. The move, launched under the guidance of Municipal Commissioner Dr Kailas Shinde, aims to simplify property-related transactions and enhance transparency. Around 3.5 lakh property owners across the city will benefit, gaining access to property details such as ownership, tax records, and size in a single, card-based format equipped with QR code features for digital use.Read more

18 Aug 2025

Navi Mumbai Municipal Corporation (NMMC) recently organised tricolour rallies in Rabale and Belapur under the 'Har Ghar Tiranga - Har Ghar Swachhta' campaign, guided by Municipal Commissioner Dr Kailas Shinde. The events saw enthusiastic participation from students, teachers, parents, and civic officials. Maharashtra Forest Minister Ganesh Naik attended as a special guest at Rabale, addressing students on patriotism, while the Belapur rally featured students exploring an exhibition on the journey of the national flag.Read more

17 Aug 2025

Bollywood actor Hrithik Roshan and his father Rakesh Roshan, through their company HRX Digitech LLP, have purchased three premium office units in Chandivali, Mumbai for INR 31 crore. The transaction, which was registered on July 9, 2025, involved a total carpet area of 13,546 square feet in the Boomerang building. This acquisition is part of the Roshan family's strategic expansion of their commercial real estate portfolio, reinforcing Chandivali's growing reputation as a key business hub in the city.Read more

17 Aug 2025

The Bombay High Court has directed the Mumbai Metropolitan Region Development Authority (MMRDA) to remove 462 remaining illegal structures on farmland near Bhiwandi by February 2026. The order, issued by a bench of Chief Justice Alok Aradhe and Justice Sandeep Marne, is in response to a 2013 Public Interest Litigation (PIL) that highlighted widespread unauthorized construction. This ruling reinforces the court's strict stance against illegal development and compels authorities to complete a long-pending enforcement drive.Read more

16 Aug 2025

The Western Railway has proposed demolishing and rebuilding the Field Marshal General Cariappa Road Over Bridge (ROB) in Borivali, in service since 1993 and nearing the end of its life. However, the BMC has asked for a three- to four-year delay, warning that removing the only flyover linking Borivali East and West would worsen traffic amid ongoing projects. The civic body has requested a structural audit and repairs to extend its lifespan. Existing congestion is already heightened by the delayed Kora Kendra Phase II flyover, stalled by slum clearance issues, and the Thane-Borivli twin tunnel project currently under construction in Borivali East.Read more

16 Aug 2025

The Mumbai Metro Rail Corporation (MMRC), operator of the city's underground Aqua Line (Metro Line 3), plans to introduce promotional offers and discounts to increase its ridership. The corporation will appoint an agency to handle these activities by the end of 2025, a few months after the full 33.5 km line is operational.This move is designed to boost passenger numbers and help achieve the projected daily ridership of 1.4 million, as the current usage on newly opened sections is below capacity.Read more

14 Aug 2025

The final stretch of the Santacruz Chembur Link Road (SCLR) extension, a new cable-stayed bridge over the Western Express Highway (WEH), will open for traffic on August 14, 2025. This much-awaited connector, executed by the Mumbai Metropolitan Region Development Authority (MMRDA), promises to provide a direct, signal-free passage from Kurla to the Western Express Highway, easing traffic bottlenecks and reducing peak-hour travel times by 15-20 minutes. The project, which was delayed due to design and logistical issues, is a significant step in improving Mumbai's east-west connectivity.Read more

14 Aug 2025

The promenade section of the Mumbai Coastal Road project will open to the public on Independence Day August 15, 2025. A 5.25 km stretch of the total 7.5 km promenade, which features pedestrian pathways, cycling tracks, and viewing decks, will be opened to the public. The inauguration will also mark the opening of the Coastal Road for 24x7 vehicular traffic. The promenade is the first major public amenity to be opened on the Coastal Road, which aims to ease traffic congestion between south and north Mumbai.Read more

14 Aug 2025

The Brihanmumbai Municipal Corporation (BMC) is planning to undertake repairs and rehabilitation of the Parel TT flyover after the current monsoon season. The project, which involves demolishing the existing structure and building a new one, is aimed at improving traffic flow on this busy route. The flyover, originally constructed over five decades ago, is currently in a dilapidated state. With repairs set to begin post-monsoon, the project highlights BMC's efforts to address the challenges of maintaining aging infrastructure and enhancing urban mobility in Mumbai.Read more