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

Only one bidder shows interest in INR 980 crore Deonar abattoir upgrade

Mumbai News Desk

26 Mar 2026

The Brihanmumbai Municipal Corporation has received only one bid for its INR 980 crore Deonar abattoir modernisation project despite extending deadlines multiple times. The initiative aims to upgrade the existing slaughterhouse into a modern, hygienic facility under a structured development plan that includes public-private participation for specific animal processing units. The limited participation has led the civic body to review the technical suitability of the bid before moving ahead. The situation also highlights challenges in attracting bidders for large-scale urban infrastructure and redevelopment projects in Mumbai.Read more

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Poor lighting at Mahim beach raises public safety concerns in Mumbai

Mumbai News Desk

26 Mar 2026

Residents and activists in Mumbai have raised concerns over inadequate street lighting at Mahim Beach, especially around the Reti Bunder stretch. Several streetlights in the area are reported to be non-functional, leaving large sections poorly illuminated during evening and night hours. This has led to repeated appeals to civic authorities, including the Brihanmumbai Municipal Corporation, to carry out repairs and improve lighting. The issue highlights gaps in basic urban maintenance that directly affect public safety in frequently visited public spaces.Read more

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NICCO Sundermilan

26 Mar 2026

Mumbai City, India

NICCO Sundermilan by New India Construction offers exclusive 2 BHK apartments (604-763 sq ft carpet) in Sunder Nagar, Malad West, Mumbai. This under-construction 22-storey tower with 110 units provides modern amenities and excellent connectivity to Malad station, metro, and Western Express Highway. Possession expected in the coming years.

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BMC seeks INR 2,287 crore property tax dues from MMRDA and MHADA

Mumbai News Desk

25 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has asked Mumbai Metropolitan Region Development Authority (MMRDA) and Maharashtra Housing and Area Development Authority (MHADA) to clear property tax dues of over INR 2,287 crore. A large portion of the dues comes from MMRDA's infrastructure assets, while MHADA's pending amount is linked to residential properties. The move comes as BMC strengthens collections before the financial year-end. With property tax now its main revenue source after octroi was removed, recovering such large dues has become important for maintaining civic finances.Read more

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BMC demolishes LT Market shops amid vendor claims of redevelopment push

Mumbai News Desk

25 Mar 2026

Demolition of several shops at LT Market by the Brihanmumbai Municipal Corporation has led to protests from vendors, who allege that the action was linked to a redevelopment proposal supported by a private builder. Traders said they were not given clear communication, consent options, or rehabilitation details before the drive. Civic officials have stated that the structures were unauthorised and part of routine action. The incident has raised concerns about transparency in redevelopment processes and the protection of long-standing small businesses in Mumbai's traditional market areas.Read more

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Mumbai pushes double-decker Sewri–Worli connector as Elphinstone bridge demolition speeds up

Mumbai News Desk

25 Mar 2026

Demolition of the old Elphinstone Road overbridge in Mumbai has progressed further, with Western Railway removing key girders at Prabhadevi station. This work is part of the larger Sewri Worli Elevated Connector project, a 4.5-km double-decker corridor aimed at improving east-west connectivity. While the project is expected to reduce travel time and ease congestion once completed, it has currently led to traffic disruptions in the busy Parel Prabhadevi area. Authorities are continuing phased work while trying to minimise impact on rail and road movement.Read more

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Bombay high court overturns DRT stay on auctioned flat, strengthens auction buyer rights

Mumbai News Desk

25 Mar 2026

The Bombay High Court has overturned a stay order issued by the Debt Recovery Tribunal (DRT) concerning a bank-auctioned flat, allowing the auction purchaser to proceed with ownership and possession formalities. The case involved a mortgaged property sold through a recovery auction initiated by the lender after default. The court observed that once an auction is completed as per law, further restrictions on transfer or possession should not continue without valid grounds. The ruling reinforces the legal position of auction buyers and supports the integrity of recovery mechanisms used by financial institutions.Read more

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Paradigm Superstar

25 Mar 2026

Mumbai City, India

Paradigm Superstar offers ultra-luxury 3 & 4 BHK apartments (811-2263 sq ft) along Carter Road in Bandra West, Mumbai. This exclusive 23-storey tower with 45 units features sea views, infinity pool, gym, sky club, and proximity to Otters Club, Linking Road, and Bandra-Worli Sea Link. New launch with possession Apr 2029.

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Maharashtra orders probe into alleged INR 1,000 crore irregularities in BMC housing project

Mumbai News Desk

24 Mar 2026

The Maharashtra government has ordered a detailed inquiry into alleged financial irregularities of around INR 1,000 crore in a housing project undertaken by the Brihanmumbai Municipal Corporation. The decision follows concerns over potential procedural lapses, fund misallocation, and deviations from approved norms in the execution of the project. Authorities are expected to examine key aspects including tendering processes, contractor appointments, and utilisation of public funds. The probe comes amid heightened scrutiny of large-scale civic housing initiatives in Mumbai, where redevelopment and public housing projects form a significant part of urban planning. The outcome of the investigation is likely to influence governance practices and compliance standards in similar projects.Read more

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Shapoorji Pallonji Real Estate launches Nine Arcs in Santacruz East with design-led premium homes

24 Mar 2026

Shapoorji Pallonji Real Estate has launched Nine Arcs, a premium residential project in Santacruz East, Mumbai, featuring a 14-storey tower inspired by European neo-classical architecture. The development includes 137 residential units and 9 commercial spaces, with 2 and 3 BHK homes sized between 671 sq ft and 1338 sq ft. Located near key connectivity points like the Western Express Highway and Bandra Kurla Complex, the project offers rooftop amenities, curated retail, and private decks. Prices start from INR 2.99 crore, targeting professionals and urban homebuyers.Read more

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Mumbai Metro enables Uber app ticketing through ONDC to boost last-mile connectivity

24 Mar 2026

Mumbai's Metro network has expanded its digital ticketing ecosystem by enabling commuters to book Metro Line 2A and 7 tickets directly through the Uber app via ONDC. This integration allows QR-based ticketing with a 50% discount up to INR 10, improving convenience and reducing paper usage. Supported by multiple platforms including Mumbai One App and WhatsApp ticketing, the initiative strengthens first- and last-mile connectivity. Officials from the state government and MMRDA highlighted its role in creating a unified, commuter-friendly digital transport ecosystem across Mumbai.Read more

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Raymond Invictus by GS Tower A

24 Mar 2026

Mumbai City, India

Raymond Invictus by GS Tower A offers ultra-luxury 3 & 4 BHK residences (1200-1486 sq ft) in Kala Nagar, Bandra East, near BKC. This new-launch premium tower features 62 exclusive units across 2.1 acres with world-class amenities like pools, gym, clubhouse, and metro connectivity; possession Aug 2031.

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HCC secures INR 1,662 crore BMC contract for Goregaon–Mulund Link Road phase

23 Mar 2026

Hindustan Construction Company (HCC), through its joint venture Aakshya HCC, has secured a contract worth approximately INR 1,662 crore from the Brihanmumbai Municipal Corporation (BMC) for Phase IV of the Goregaon Mulund Link Road project in Mumbai. The project is part of a larger infrastructure corridor aimed at improving East-West connectivity in the city. HCC holds a 49% stake in the joint venture. The company has a long track record in infrastructure development, including highways, tunnels, bridges, and contributions to hydro and nuclear power capacity in India.Read more

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Mahindra Lifespace targets around INR 3,000 crore revenue from Mumbai housing project

23 Mar 2026

Mahindra Lifespace Developers Ltd has launched the first two phases of its mixed-use housing project Mahindra Rainforest located on LBS Marg in Kanjur, Mumbai. Spread across 25.47 acres, the development is positioned as one of the larger projects in Mumbai's central suburbs and is planned as an integrated lifestyle destination. The company expects the residential phases to generate a gross development value of about INR 3,000 crore. While the firm has not disclosed the investment required, it continues to expand its presence across residential and integrated developments in multiple Indian cities.Read more

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BMC rejects INR 7.9 crore escalation for Goregaon flyover extension

23 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has rejected a proposal seeking an additional cost escalation of around INR 7.9 crore for the Goregaon flyover extension project. The matter was placed before the civic standing committee by the administration, but members did not grant approval and asked for further examination. The committee has directed that a site inspection be conducted before reconsidering the proposal. The flyover project has already seen multiple revisions in its overall cost over time, and concerns related to delays and planning have led to closer scrutiny of further expenditure requests.Read more

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Borewell drilling damages Metro Line-3 tunnel near CSMT, contractor booked

23 Mar 2026

An unauthorised borewell drilling activity near Metro Cinema in South Mumbai resulted in damage to a section of the underground Mumbai Metro Line 3 tunnel close to Chhatrapati Shivaji Maharaj Terminus. The work was carried out within a government premises without the required permissions, leading the Mumbai Metro Rail Corporation to file a police complaint against the contractor. Authorities confirmed that metro services continued without disruption. The incident has raised concerns about unregulated excavation in sensitive zones where prior approvals are mandatory to protect critical underground infrastructure.Read more

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H Rishabraj Aetheria

23 Mar 2026

Mumbai City, India

H Rishabraj Aetheria is an upcoming luxury residential project by H Rishabraj Realty near Kora Kendra grounds in Borivali West, Mumbai. Part of their ambitious 3.8-acre mixed-use development sold for INR 539 Cr, it will likely feature premium 2 & 3 BHK apartments with modern amenities in this prime IC Colony location near metro and Borivali station. Expected to reshape Borivali West's skyline with residential towers and retail spaces.

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Legacy landmarks drive Chembur’s shift towards premium residential addresses in Mumbai

22 Mar 2026

Chembur is undergoing a gradual transformation as historic landmarks and former industrial sites are redeveloped into premium residential destinations. Several locations once associated with studios, factories and institutional land uses are now attracting large residential projects, reshaping the suburb's real estate profile. Developers are increasingly targeting these legacy land parcels to create high-end housing supported by improved connectivity and established social infrastructure. Areas around the Bombay Presidency Golf Club and the former R.K. Studio site have emerged as prominent examples of this transition. With redevelopment gaining pace and multiple branded developers entering the micro-market, Chembur is steadily repositioning itself as a residential destination defined by premium housing developments built around historically significant locations.Read more

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Banke International Properties establishes Mumbai headquarters in Andheri to expand brokerage operations

22 Mar 2026

International brokerage firm Banke International Properties has opened its Mumbai headquarters in Andheri as part of its strategy to strengthen its presence in India's real estate market. The new office will serve as the company's central hub for brokerage, advisory and investment services across western and southern Mumbai. The firm, which already operates in global markets such as the UAE, the United Kingdom, Qatar and South Africa, aims to expand its share in both residential and commercial property segments. Company officials stated that the location in western Mumbai will enable closer engagement with developers, investors and homebuyers while supporting the firm's international property advisory platform for Indian investors exploring overseas real estate opportunities.Read more

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Alliance City Developers receives occupation certificate for boutique residential project in Borivali West

22 Mar 2026

Alliance City Developers Realtors Pvt Ltd has secured the Occupation Certificate for Alliance Eternis, a standalone premium residential project located on S.V. Road in Borivali West, Mumbai. The certification enables homebuyers to initiate possession and marks the completion of a boutique development targeting upper mid-segment buyers. The project features design-led elements such as Vastu-compliant layouts, sound-insulated windows, and lifestyle amenities including a terrace sky garden and gymnasium. The developer, with over a decade of operations in Mumbai, has delivered 12 projects spanning more than 1 million sq ft and housing over 700 families. The completion aligns with its ongoing portfolio across key micro-markets such as Malad, Vile Parle, Santacruz, Mulund, and Matunga, where multiple projects are at different stages of execution.Read more

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