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

BMC plans city-wide GPS tracking and digital monitoring system for construction debris movement

6 hours ago

• BMC has initiated the development of an integrated digital platform to monitor construction and demolition waste movement across Mumbai.
• The proposed system will combine AutoDCR approvals, GPS-enabled vehicle tracking, geo-fencing and enforcement tools to curb illegal debris dumping.
• The initiative comes amid rising construction waste generation linked to redevelopment projects, metro corridors and road concretisation works across the city.
• The civic body has proposed penalties of up to INR 25,000 per vehicle for violations, while integrating recycling facilities, transporters and ward-level monitoring systems into a unified platform.
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Mumbai SRA cancels most joint venture slum redevelopment projects over delays and poor progress

8 hours ago

• Mumbai’s Slum Rehabilitation Authority (SRA) has cancelled 181 out of 228 slum redevelopment joint venture projects due to slow progress and feasibility concerns.
• Several government agencies reportedly failed to complete basic groundwork such as surveys, beneficiary verification and redevelopment planning.
• The affected projects cover nearly 2.2 lakh slum households across Mumbai and nearby areas.
• A few projects under agencies like BMC, MHADA and MMRDA will continue, while others may now shift to cluster redevelopment models.
• The move comes amid growing concerns over stalled SRA projects, delayed rehabilitation and long-pending redevelopment across the city.
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MGL issues fraud advisory as scammers targets Mumbai residents with fake piped gas registration links

Mumbai News Desk

14 hours ago

• Mahanagar Gas Limited (MGL) has issued advisories warning residents against fake piped gas registration messages, payment links and fraudulent dealership websites.
• The alert follows incidents in Mumbai where fraudsters allegedly targeted housing societies and residents using fake customer verification and gas connection schemes.
• MGL has clarified that all official applications, payments and dealership-related communications are processed only through authorised channels and its official website.
• The company has advised consumers not to share OTPs, banking details or make payments through unauthorised links, while urging citizens to report suspicious activity immediately.
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Pradhan CHS Om Sumukha

18 hours ago

Mumbai City, India

Pradhan CHS Om Sumukha is an under-construction residential society by Sumukha Ventures in Mulund West (near Nahur/Bhandup border), Mumbai, offering 1, 2 & 3 BHK apartments.

View Website | Visit RERA website

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NIRM study identifies rock resources for Vadhvan Port project in Navi Mumbai

13 May 2026

The National Institute of Rock Mechanics (NIRM) has completed geophysical investigations for the proposed Vadhvan Port project in Navi Mumbai, identifying subsurface rock resources required for construction activity. According to the Ministry of Mines’ Annual Report 2025-26, the study covered three quarry sites in Palghar district and estimated that the project would require more than 65 million tonnes of armour rock and aggregates. The investigations mapped rock conditions up to a depth of 40 metres, identifying weathered rock, boulders and hard rock suitable for engineering and marine infrastructure works.Read more

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MMRDA invites bids for lease of commercial and residential plots in Bandra-Kurla Complex

13 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has issued e-tenders for the lease of nine commercial and residential plots in the ‘G’ Block of Bandra-Kurla Complex, Mumbai, for a lease period of 80 years. The plots comprise five commercial parcels and four residential parcels with a combined built-up area exceeding 2.12 lakh sq m. According to the tender notice issued on 11 May 2026, the reserve prices for the plots range from approximately INR 374.95 crore to INR 1,432.55 crore. The commercial plots carry a reserve rate of INR 4,82,992 per sq m of built-up area, while residential plots are priced at INR 3,52,008 per sq m. The bidding process will remain open until 25 June 2026, with pre-bid meetings and site visits scheduled later this month.Read more

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Mumbai housing societies get more FSI-free space for gyms and wellness facilities

13 May 2026

Housing societies and residential projects in Mumbai will now be able to develop larger wellness and recreational facilities without these spaces being counted under the project’s Floor Space Index (FSI). The Maharashtra government has amended provisions under DCPR 2034 and increased the permissible FSI-free area for such amenities from 2% to 4% of the total built-up area. The revised rules include facilities such as gyms, yoga centres, meditation rooms and recreation areas. The move is expected to help residential societies create better community infrastructure as demand for lifestyle and wellness amenities continues to rise across Mumbai’s housing sector.Read more

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Satellite Aristia

13 May 2026

Mumbai City, India

Satellite Aristia (Codename JB99) is an exclusive under-construction residential project by Satellite Rockford Ventures LLP in JB Nagar, Andheri East, Mumbai. It offers premium 1 & 2 BHK apartments (440-745 sq ft) with rooftop amenities like a swimming pool, gym, and landscaped gardens, near metro stations and airports.

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MHADA gives approval letter for 33-acre Abhyudaya Nagar redevelopment in South Mumbai

12 May 2026

The Maharashtra Housing and Area Development Authority (MHADA) has issued a Letter of Acceptance to a consortium for the redevelopment of the 33-acre Abhyudaya Nagar layout in Kalachowki, South Mumbai. The large cluster redevelopment project covers 48 old buildings and more than 3,400 residential and commercial units. Existing residents living in nearly 210 sq ft homes are expected to receive 641 sq ft carpet area rehabilitation flats free of cost. The project is part of MHADA’s larger redevelopment push across Mumbai to replace ageing housing stock and improve infrastructure in older residential colonies.Read more

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MMRDA study outlines plan for Versova–Dahisar coastal road link

12 May 2026

• MMRDA’s feasibility study for the Versova–Dahisar Link Road outlines alignment, engineering and transport planning for the northern extension of the Mumbai Coastal Road project.
• The study evaluates routes aimed at reducing land acquisition and minimising impact on mangrove and Coastal Regulation Zone areas across Mumbai’s western suburbs.
• The report includes passenger and freight movement projections up to 2041 to support long-term regional transport planning and connectivity improvements.
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Nicco Gautam Dhan

12 May 2026

Mumbai City, India

Nicco Gautam Dhan (also known as Gautam Dhan) is a premium under-construction residential project by New India Construction Company (NICCO) in Vile Parle West, Mumbai. It offers spacious 2 & 3 BHK apartments (700-1350 sq ft carpet area) with modern amenities like a swimming pool, gym, clubhouse, and kids' play area, near CNM School on Dadabhai Road.

View Website | Visit RERA website

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Mumbai Water Metro project to add 45 terminals across MMR under Maharashtra’s sustainable transport push

11 May 2026

The Maharashtra government has moved ahead with the Mumbai Water Metro project aimed at reducing congestion across Mumbai and the wider metropolitan region through an expanded urban water transport network. The Maharashtra Maritime Board has signed an MoU with Norway-based maritime technology firm Hyke AS to support vessel deployment and explore shipbuilding opportunities in the state. The project’s detailed plan includes upgrading 24 existing terminals and developing 21 new terminals across multiple coastal and creek routes within the Mumbai Metropolitan Region.Read more

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Bombay High Court hears challenge to MHADA stop-work notice in Worli redevelopment row

11 May 2026

The Bombay High Court has heard a writ petition filed by Techno Freshworld LLP challenging a stop-work notice issued by the Maharashtra Housing and Area Development Authority (MHADA) in connection with a redevelopment project at Adarsh Nagar, Worli, Mumbai. The dispute centres on whether a No Objection Certificate (NOC) from the Indian Navy was mandatory for the redevelopment, which includes a rehabilitation building for 72 families and a sale component. MHADA halted construction and withheld the Occupation Certificate after the Navy objected to the project’s proximity to INS Trata. The developer argued that the project had received multiple approvals between 2022 and 2025 and fell outside the 50-metre restriction introduced under a 2022 Ministry of Defence circular. The Navy contended that the project was within 500 metres of the defence establishment and raised national security concerns linked to high-rise construction near operational naval facilities.Read more

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Heritage Vatika

11 May 2026

Mumbai City, India

Heritage Vatika in Chembur, Mumbai, is a premium G+11 residential project by Heritage Lifestyles featuring luxury 2, 3 & 4.5 BHK deck homes with Art Deco-inspired architecture, Vastu-compliant designs, cross-ventilation, and rooftop gardens.

View Website | Visit RERA website

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Sattva Group enters Mumbai with INR 5,500 crore Parel redevelopment project Sattva Sumera

10 May 2026

Sattva Group has launched its first residential project in Mumbai, Sattva Sumera, a redevelopment scheme in Parel with an estimated gross development value of INR 5,500 crore. The two-acre project will feature twin high-rise towers with over 20 lakh sq ft development potential and around 500 units in the first phase. Offering 2 and 3 BHK configurations, the project is positioned within a well-connected central corridor benefiting from infrastructure upgrades such as the Sewri–Worli Connector and Metro Line 11. The launch marks the developer’s entry into Mumbai’s redevelopment-driven housing market.Read more

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Navi Mumbai civic chief reviews drain desilting works, bridge construction and urban infrastructure projects across city

10 May 2026

Navi Mumbai Municipal Corporation Commissioner Dr Kailas Shinde conducted an extensive inspection of drain desilting operations, transport infrastructure projects and civic amenities across Navi Mumbai in the past week, directing officials to accelerate pre-monsoon preparedness and complete critical works within stipulated timelines. The review covered major natural drains in Kopri, Vashi and Sanpada, the Ghansoli–Airoli creek bridge project linked to Palm Beach Road, traffic management measures at Talavali Naka, and civic infrastructure including crematorium facilities, health centres and underpasses. During the inspection, the commissioner instructed officials to remove silt immediately after drying, undertake structural audits of ageing infrastructure, and coordinate with multiple agencies to address wastewater contamination in drains flowing into the creek system.Read more

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Marathon Realty sells 100 homes worth INR 60 crore at NeoHomes Bhandup within three days of new tower launch

10 May 2026

Marathon Realty has recorded sales of 100 residential units valued at approximately INR 60 crore within three days of launching a new tower, NeoValley Narmada, at its NeoHomes project in Bhandup, Mumbai. The development offers studio, 1 BHK and 2 BHK units ranging from 191 sq ft to 476 sq ft. Buyer data indicates that nearly 80% of purchasers are first-time homeowners, with limited investor participation. The project’s location benefits from connectivity via Central Railway, LBS Marg, Eastern Express Highway, and the upcoming Metro Line 4, reflecting continued end-user demand for compact housing within city limits.Read more

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Evictions begin at Prabhadevi chawl, clearing final hurdle for Sewri–Worli elevated corridor

10 May 2026

Eviction of residents at Haji Noorani Chawl in Prabhadevi has commenced, clearing the final obstacle for the 4.5-km Sewri–Worli elevated corridor being implemented by the Mumbai Metropolitan Region Development Authority. The process follows prolonged negotiations over rehabilitation and compensation, which had delayed construction near the Elphinstone bridge stretch. With most tenants vacating, authorities are preparing the site for demolition and construction. The project is expected to improve east–west connectivity in Mumbai, reduce congestion on key arterial roads, and accelerate progress on a critical missing link in the city’s transport network.Read more

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Belapur civic body demolishes unauthorised structure following notice under MRTP Act in Navi Mumbai

10 May 2026

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in Belapur earlier in the past week against an unauthorised construction after issuing statutory notice under the Maharashtra Regional and Town Planning (MRTP) Act. The action was undertaken by the encroachment department under senior civic supervision, targeting a structure in Sector 20, Belapur village. The property owner had been directed to remove the illegal construction independently but failed to comply, prompting civic intervention. The operation involved departmental officials, police personnel, and deployed labour and machinery. The civic body indicated that such enforcement measures would continue across Navi Mumbai to address unauthorised developments and ensure adherence to planning regulations.Read more

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Ashar Group secures OCs for Bandra and Kalwa redevelopment projects 20 months ahead of RERA timelines

10 May 2026

Ashar Group has obtained Occupation Certificates (OCs) for two redevelopment projects—Ashar Arize in Kalwa, Thane and The Legend by Ashar in Pali Hill, Bandra—around 20 months ahead of their respective RERA deadlines. The developments together account for over 1,200 residential units delivered in the Mumbai Metropolitan Region. The early completion comes amid data indicating that over 40% of under-construction housing projects in the region face delays. The milestone reflects execution timelines in the redevelopment segment, which forms a significant share of new housing supply but is often associated with regulatory and construction complexities.Read more

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