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 proposes dedicated cell to speed up Gargai dam land acquisition

Mumbai News Desk

5 hours ago

The Brihanmumbai Municipal Corporation has proposed setting up a special land acquisition cell to address delays in the Gargai dam project in Palghar. The move follows concerns over pending land acquisition and a cost increase of around 9 per cent. A temporary team of 10 revenue officials is planned to handle the remaining work in phases. While a major portion of the required land has been acquired, key parcels are still pending due to fragmentation. The project is expected to add around 440-450 MLD to Mumbai's water supply once completed.Read more

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Jupiter Wagons eyes INR 20,000 crore Mumbai suburban rail tender with INR 1,000 crore facility investment

Mumbai News Desk

7 hours ago

Jupiter Wagons Ltd is preparing to bid for a major suburban rail rolling stock tender floated by the Mumbai Rail Vikas Corporation (MRVC), valued at over INR 20,000 crore, marking its entry into passenger coach manufacturing. The tender involves procurement of around 2,800 coaches for upgrading Mumbai's suburban rail network. To support its bid, the company plans to invest approximately INR 1,000 crore in a greenfield passenger coach manufacturing facility over the next year. The move aligns with India's broader push towards expanding mass transit and high-speed rail infrastructure. The company is also exploring partnerships with global players as it diversifies beyond freight wagons into passenger and metro segments.Read more

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Runwal Meadows

10 hours ago

Mumbai City, India

Runwal Meadows in Kanjurmarg East offers lavish 2, 3 & 4 BHK residences with private decks starting from 1.85 Cr, part of a 36+ acre township by Runwal Enterprises. Features premium amenities like infinity pool, zen gardens, clubhouse, fitness studio, and kids' zones, with excellent access to Kanjur station and Eastern Express Highway. New launch Aster phase (1RK/1/2 BHK, 501-874 sq ft carpet) targets possession Jul 2033.

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Bombay HC directs safety announcements on long-distance trains to prevent passenger accidents

Mumbai News Desk

10 hours ago

The Bombay High Court has directed Indian Railways to implement clear safety announcements on all long-distance trains, warning passengers about stops and non-stops along the route. The move comes after a passenger was injured while attempting to alight from a moving train, with the court awarding INR 80,000 compensation. The bench emphasized that unlike suburban trains, most long-distance services lack clear information for travellers, which increases the risk of accidents. It recommended adopting a system similar to Vande Bharat Express trains to improve safety awareness and reduce boarding-related mishaps.Read more

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MHADA opens applications for 2,640 flats in Mumbai under 2026 housing lottery scheme

Mumbai News Desk

01 Apr 2026

The Maharashtra Housing and Area Development Authority (MHADA) has opened applications for 2,640 residential units across Mumbai under its 2026 lottery scheme, targeting multiple income groups from economically weaker sections to high-income households. The application process commenced in the past week and will remain open until late April, with the final draw scheduled for mid-May. The housing stock spans key locations including Vikhroli, Goregaon, Borivali, Wadala, Powai, and Dadar. Prices range from approximately INR 2.9 million to over INR 68.2 million, reflecting a wide affordability spectrum. The scheme includes under-construction units, inventory received from private developers, and scattered housing stock, reinforcing the state's effort to expand access to formal housing in Mumbai.Read more

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Bombay High Court rules PMLA overrides bank recovery claims in property dispute involving attached assets

Mumbai News Desk

01 Apr 2026

The Bombay High Court has ruled that properties attached under the Prevention of Money Laundering Act (PMLA) cannot be claimed by banks as secured assets, establishing that anti-money laundering provisions take precedence over recovery laws such as SARFAESI and the RDB Act. The decision arose from a dispute involving banks seeking to enforce security interests on properties already attached by the Enforcement Directorate (ED) in connection with alleged proceeds of crime. The court set aside an earlier tribunal order that had favoured the banks, holding that the state's right to confiscate tainted assets overrides creditor claims. The ruling clarifies the legal hierarchy governing such disputes and has implications for lenders dealing with stressed assets linked to criminal investigations.Read more

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Mumbai construction firm directors arrested for allegedly cheating NRI investor of INR 10.5 crore in stalled project deal

Mumbai News Desk

01 Apr 2026

Two directors of Mumbai-based Ajanta Airawat Infrastructure LLP have been arrested by the Economic Offences Wing (EOW) for allegedly defrauding a non-resident Indian (NRI) investor of around INR 10.5 crore. The case relates to investments made over several years in a real estate project in Bhandup, Mumbai, where the complainant had initially invested INR 1.5 crore and later extended a loan of INR 6 crore. A subsequent settlement agreement promising repayment with interest or allocation of flats was not honoured. The accused have been remanded to judicial custody. The case highlights recurring risks in informal real estate financing arrangements and disputes linked to project-level obligations and investor protection.Read more

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MMRDA tops state rankings for governance and digital reforms

01 Apr 2026

MMRDA has achieved top rankings in Maharashtra's governance programs, highlighting its commitment to efficiency, transparency, and citizen-focused services. The authority was awarded first place in the 150 days Sevakarmi Plus Program and ranked fourth in the E-Governance Reform Program, with evaluations based on personnel development, service rule compliance, and innovative digital governance. The commendations were presented by Chief Minister Devendra Fadnavis to Dr. Sanjay Mukherjee. This recognition underscores the team's dedication, innovation, and leadership in shaping a more digitally connected and efficient Mumbai Metropolitan Region.Read more

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Atal Setu crosses 20 million vehicle crossings, proving its role as Mumbai’s vital lifeline

01 Apr 2026

The Atal Setu, India's longest sea bridge, has surpassed 20 million vehicle crossings since its opening in January 2024. Serving as a key link between Sewri in South Mumbai and Chirle in Navi Mumbai, the bridge has reduced travel time from nearly an hour to under 20 minutes. Private cars make up over 91% of total traffic, with buses, trucks, and commercial vehicles also contributing significantly. Beyond easing commutes, Atal Setu has boosted commerce, cut fuel costs, and become a vital infrastructure lifeline for the Mumbai Metropolitan Region, demonstrating the impact of modern connectivity.Read more

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Mumbai civic body rolls out cool roof coating pilot to reduce indoor heat

Mumbai News Desk

01 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) has launched a pilot to apply cool roof coating on selected municipal buildings in the G/South ward to reduce indoor heat as the city faces rising temperatures. The reflective Solar Reflective Paint contains additives like titanium dioxide that bounce sunlight off roofs, lowering heat absorption. The project targets buildings including schools and staff quarters, with initial results guiding potential citywide expansion. Similar technologies have been used in industrial structures and other Indian cities to effectively reduce rooftop temperatures.Read more

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Mumbai's Aqua Line metro shows early infrastructure issues

Mumbai News Desk

01 Apr 2026

Mumbai's underground Aqua Line metro, spanning 33.5 km and 27 stations from Aarey JVLR to Cuffe Parade, built at an estimated INR 37,000 crore, is showing signs of wear within months of phased openings in late 2024 and late 2025. Commuters report cracked tiles, detached marble panels, leaks, damp walls, plumbing failures, malfunctioning elevators, and unsafe staircases. Several stations also have accessibility challenges and foul odours, raising concerns over construction quality, waterproofing, and long-term maintenance. Rider discomfort and safety risks are adding to questions about durability and operational standards.Read more

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Mahindra Rainforest

01 Apr 2026

Mumbai City, India

Mahindra Rainforest in Bhandup West by Mahindra Lifespaces offers premium 2 & 3 BHK apartments (660-1300 sq ft carpet) across 5 towers on 5 acres along LBS Road. Features 40+ amenities like clubhouse, swimming pool, gym, kids' play area, and green spaces, with excellent connectivity to Bhandup station (800m) and Eastern Express Highway. Early-stage project with possession by Dec 2028

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Navi Mumbai International Airport expands operations with first summer schedule

31 Mar 2026

Navi Mumbai International Airport, inaugurated in December last year, is significantly increasing its operations in its first summer schedule. Daily departures will rise from 22 to 78, totaling 1,092 weekly flights. The expansion includes connections to 46 domestic destinations, with 30 new routes covering commercial, tourist, and religious hubs. Key routes with highest frequency include Delhi, Goa, Bengaluru, and Kochi. This growth reflects the airport's rapid operational scaling and aims to provide better connectivity while easing pressure on existing Mumbai airports.Read more

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BMC to generate revenue by selling treated wastewater for non-potable use

Mumbai News Desk

31 Mar 2026

The Brihanmumbai Municipal Corporation has approved selling treated wastewater from its Colaba Sewage Treatment Plant to private entities, creating a new revenue stream and conserving freshwater. About 3 million litres per day will be supplied at a concessional rate to projects including construction and landscaping. The plant has a total capacity of 37 MLD, with tertiary treatment for 10 MLD. While some civic members prefer using treated water for municipal purposes like cleaning and watering gardens, the move highlights a growing focus on resource efficiency and partial cost recovery for STP operations.Read more

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ONGC begins gas production from offshore Daman Upside Development Project near Mumbai

31 Mar 2026

Oil and Natural Gas Corporation has commenced gas production from its Daman Upside Development Project (DUDP) in the Arabian Sea, marking a key addition to domestic energy supply. The offshore project, located around 180 km north-west of Mumbai and 80 km south of Pipavav, Gujarat, has started monetisation through a newly commissioned platform. The development is expected to produce 21.5 billion cubic metres of gas, with peak output projected at 5 million standard cubic metres per day. Executed within two years, the project includes multiple wellhead platforms and pipeline infrastructure connecting to the Hazira processing facility, supporting India's efforts to enhance energy security amid global supply uncertainties.Read more

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Madhuri Dixit leases Grade-A office space in Lower Parel, Mumbai, with five-year rental outgo of INR 2.81 crore

Mumbai News Desk

31 Mar 2026

Actor Madhuri Dixit has leased a commercial office unit in Lower Parel, Mumbai, with a total rental commitment of approximately INR 2.81 crore over a five-year tenure. The transaction, registered recently, involves a 731 sq ft unit in a premium office development and includes a structured rental escalation of 5% annually. The agreement also comprises a security deposit of INR 17 lakh along with statutory charges. Located in one of Mumbai's key commercial micro-markets, the deal reflects sustained demand for Grade-A office assets despite evolving occupier dynamics. The transaction highlights continued interest from high-net-worth individuals in leasing premium commercial space within established business districts.Read more

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Mumbai court directs criminal proceedings against senior ACB officers in INR 14,000 crore MHADA case

Mumbai News Desk

31 Mar 2026

A sessions court in Mumbai overturned a magistrate's earlier dismissal and directed criminal proceedings against senior Maharashtra Anti-Corruption Bureau (ACB) officers, including retired officials, for failing to register an FIR in a major MHADA case worth INR 14,000 crore. The complaint, filed by activist Kamlakar Shenoy, alleged that officers deliberately delayed action and avoided legal duties, appearing to protect MHADA officials involved in the irregularities. The court emphasized that neglect of statutory duties by public servants can amount to a criminal offence and ordered proper recording of evidence and issuance of process against the accused.Read more

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Goregaon flyover extension nears completion after eight years with rising costs

Mumbai News Desk

31 Mar 2026

The 750-metre extension of the Mrinaltai Gore Flyover in Goregaon, Mumbai, which began nearly eight years ago, is now around 80% complete and expected to open by mid-May 2026. Originally estimated at INR 170.82 crore, the project's cost has risen to INR 247 crore due to design changes, added noise barriers, resurfacing work, and delays caused by congested traffic, COVID-19 labor shortages, and site-specific constraints. Civic leaders have raised concerns over budget escalation and planning gaps, while residents anticipate that the extension will significantly ease traffic congestion along Western Express Highway and Link Road.Read more

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Lodha Aureus

31 Mar 2026

Mumbai City, India

Lodha Aureus in Sewri offers luxurious 3 & 4 BHK waterfront residences (1158-2343 sq ft) by Lodha Group on Mumbai's Eastern Waterfront. Features grand decks, private elevators, 5-star amenities, and seamless connectivity to Atal Setu, Sewri station, and BKC. Possession expected Dec 2032.

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Sula Vineyards to acquire Chandon’s Nashik estate in INR 20 crore deal

30 Mar 2026

Sula Vineyards has entered into an agreement to acquire the Nashik-based wine estate of Moët Hennessy India, which operates the Chandon brand, in an asset deal valued at INR 20 crore. The acquisition includes a 19-acre property with a fully operational winery and hospitality infrastructure. The move will strengthen Sula's production capacity and expand its wine tourism presence in Nashik. Following the deal, Chandon will exit domestic wine production. The transaction is expected to be completed in the first quarter of FY27, subject to approvals.Read more

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