19 Nov 2025

Notandas Realty has launched Notan Jewel, a new commercial development on Turner Road in Bandra, with an estimated revenue potential of over INR 400 crores. Designed to meet the rising demand for premium office and retail space, the project spans 90,000 sq. ft. with about 45,000 sq. ft. of leasable area. It features a grand arrival lobby, a modern car tower parking system, high-speed elevators, surveillance, and recreational spaces including a rooftop pickleball court and breakout zones. The launch reflects the company's legacy in Bandra and forms part of its plan to introduce four new commercial projects in FY2025-2026, strengthening its position in Mumbai's real estate market.Read more

19 Nov 2025

Piling work at Elphinstone Bridge's P61 and P61A pier locations has completed seven piles so far but faced interruptions from local residents concerned about the safety of century-old nearby buildings. MMRDA's contractor appointed VJTI experts to monitor structural stability, using accelerometers, crack width gauges, and tilt sensors. A joint site visit with officials, experts, and residents was held to explain safety measures. Preventive guidelines were issued to reduce rig RPM, limit noise, and monitor vibrations during pile boring, ensuring the safety of the surrounding structures.Read more

19 Nov 2025

Mumbai's commercial map is shifting as companies increasingly choose the Eastern and Northern suburbs over traditional hubs like BKC, Lower Parel and Nariman Point. Chembur-Ghatkopar East is emerging as a strong alternative, offering modern offices, better connectivity and more affordable rentals. Improved access through the Santacruz-Chembur Link Road, Eastern Freeway and growing Metro network has made the area appealing to BFSI, tech and professional services firms. Developers are introducing Grade-A spaces with large floor plates and sustainable features, often at rents 30-40% lower than BKC. With steady leasing activity and rising investor interest, the corridor is quickly becoming a future-ready commercial destination.Read more

19 Nov 2025

CCI Projects has announced a major investment of around INR 700 crore to develop a new luxury residential tower within the Mumbai Metropolitan Region. Introduced earlier this week, the 53-storey tower, named Skyleap, will form part of the Rivali Park 2 gated community situated along the Western Express Highway in Borivali. The development will comprise 320 premium apartments and is expected to generate revenue exceeding INR 1,250 crore on completion. CCI Projects, founded in 2000, has already delivered several towers and currently maintains an active development pipeline across the region.Read more

18 Nov 2025

The BMC has proposed a 4.24 km elevated corridor along LBS Marg to ease traffic between Kurla West and Ghatkopar West. The flyover, starting near Kalpana Talkies and ending near Pankhe Shah Baba Dargah, will include a 3.91 km main stretch, ramps at both ends and three connecting arms for smoother entry and exit. Designed as a four-lane, 16.5-metre-wide structure using steel girders and an RCC deck, it aims to bypass chronic bottlenecks near the Andheri-Ghatkopar Link Road, Ghatkopar station and Sant Narsi Mehta Road. With Metro works and other bridges in the area, VJTI will oversee technical planning. Estimated at INR 1,635 crore, the project is expected to take four years.Read more

18 Nov 2025

The Central Government has approved 17 projects under the Electronics Component Manufacturing Scheme (ECMS), opening up investment commitments of INR 7,172 crore and creating more than 11,800 jobs. The selected applicants include Jabil, Aequs, AT&S, Uno Minda, Zetwerk, Secure Meters and others, with production spanning camera modules, multi-layer PCBs, enclosures, connectors, oscillators and optical transceivers. These projects, spread across nine states, are expected to generate output worth INR 65,111 crore. Combined with the first tranche cleared earlier, ECMS now covers 24 projects. Officials said the scheme strengthens India's electronics value chain amid shifting global supply dynamics, while industry leaders noted its role in anchoring global manufacturing and building competitive domestic capabilities.Read more

18 Nov 2025

Suraj Estate Developers expects to generate about INR 1,200 crore in revenue from its newly launched Mumbai commercial project, One Business Bay. The development offers 2.09 lakh sq ft of carpet area, featuring 182 premium office units and select high-end retail spaces. The company has completed over 45 projects totalling 16.09 lakh sq ft and is currently working on 13 ongoing developments with 7.55 lakh sq ft of RERA-registered saleable area. It also has 16 upcoming projects planned, adding another 11.57 lakh sq ft. With this launch, Suraj Estate Developers continues to expand its commercial footprint and tap into growing demand for modern business infrastructure in Mumbai.Read more

17 Nov 2025

Mumbai's real estate market attracted USD 1.19 billion in institutional investments over the past nine months, according to Cushman & Wakefield's India Capital Markets Q3 2025 report. This marks a sharp rise from USD 295.57 million a year earlier. Foreign investors contributed 67% of the total, led by USD 500 million from the US and USD 297 million from Japan, while domestic investors added USD 398 million. The firm noted that Mumbai has now crossed the USD 1 billion mark for four consecutive years, supported by strong fundamentals and major projects like the Trans Harbour Link and Coastal Road. In contrast, nationwide institutional inflows declined 10% during the period.Read more

16 Nov 2025

The Brihanmumbai Municipal Corporation (BMC) has floated a tender worth INR 166?crore for the upcoming Mulund Bird Park, with four companies submitting bids and construction expected to start by December this year. Spread over 17?acres near the Johnson & Johnson factory in Nahur, the park will house more than 200 bird species in four themed zones tropical, African, Australian and aquatic. Facilities will include a veterinary clinic, breeding centre, amphitheatre, kids zone, food-court and parking. After earlier delays due to limited bidders, the BMC is targeting contract finalisation by October.Read more

16 Nov 2025

The success of Mumbai's Metro Line 3 (Colaba-Bandra-SEEPZ) has encouraged authorities to plan a series of large-scale underground infrastructure projects worth around INR 40,000 crore across the Mumbai Metropolitan Region (MMR). Agencies including the Mumbai Metropolitan Region Development Authority (MMRDA), Brihanmumbai Municipal Corporation (BMC) and Maharashtra State Road Development Corporation (MSRDC) are preparing to execute these tunnel-based projects to improve connectivity while reducing land acquisition and environmental impact. Together, these initiatives will include more than 60 km of tunnels across key corridors.Read more

16 Nov 2025

An auction held this past week in Mumbai for 11 properties belonging to fugitive gangster Dawood Ibrahim saw no bidders turning up. The Income Tax Department had organised the sale to recover part of Dawood's pending tax dues, estimated at around INR 45 crore. The properties, located mainly in south Mumbai's Nagpada and Mohammed Ali Road areas, carried a combined reserve price of INR 1.2 crore and an assessed value of nearly INR 5 crore. Officials have indicated that the properties will be re-auctioned within a year.Read more

15 Nov 2025

The Bhendi Bazaar Redevelopment Project, driven by the Saifee Burhani Upliftment Trust (SBUT), has transformed one of Mumbai's most congested localities into a modern, child-friendly environment. Families who once lived in cramped, poorly ventilated homes now occupy spacious, well-lit apartments equipped with private bathrooms and modern facilities. The project has also introduced green spaces, recreational podiums, and widened streets, prioritising safety, walkability, and access to play areas. This large-scale initiative has redefined what urban childhood can look like safe, healthy, and full of opportunity.Read more

Mr. Chintan Sheth, Chairman and Managing Director, Sheth Realty

15 Nov 2025

Mulund, long known as Mumbai's green suburb, is now emerging as a model for new-age homebuyers seeking lifestyle-driven homes. The area's growing popularity among young professionals, first-time buyers, and families has shifted developers' focus from conventional layouts to flexible, community-centred living. Enhanced connectivity through Metro Lines 4 and 5, the Goregaon-Mulund Link Road, and the Eastern Express Highway has reinforced its position as one of Mumbai's most desirable and well-connected residential destinations. The demand for spacious multi-bedroom homes reflects the changing aspirations of today's urban buyers.Read more

13 Nov 2025

The Comptroller and Auditor General (CAG) has established an Integrated Audit Group to conduct a coordinated audit of India's key infrastructure sectors-railways, ports, shipping, and waterways-in collaboration with IIM Mumbai. The audit evaluates how effectively multi-modal transport and logistics systems support national economic goals, focusing on connectivity, infrastructure alignment, and performance under the National Rail Plan 2030. It will also review India's logistics costs, which currently stand at 7.97% of GDP, and identify areas for optimisation. Additionally, the CAG will assess the Indian Railways e-procurement system for governance and IT gaps. The findings are expected to inform future policy and strengthen India's logistics efficiency and competitiveness.Read more

13 Nov 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has invited bids to lease a 10,860 sq. m. commercial plot in Wadala, valued at a reserve price of INR 1,629 crore. With a high permissible FSI of 10, the site offers a built-up potential of 1,08,600 sq. m. Located in the Wadala Notified Area, the plot is part of MMRDA's plan to develop Mumbai's third central business district after BKC and Nariman Point. Enhanced by metro, monorail, and freeway connectivity, the initiative aims to attract large-scale commercial investment and generate non-fare revenue for regional infrastructure. The project marks a key step in decentralising Mumbai's commercial growth.Read more

12 Nov 2025

The Kalpataru Group has sold six floors in its Virtus office project in Vikhroli (West), Mumbai, to Bernhard Schulte Shipmanagement (BSM) for INR 304.05 crore. The deal, covering the 15th to 20th floors and spanning about 93,226 sq ft of RERA carpet area, was registered earlier this week with a stamp duty of INR 18.24 crore. Possession is scheduled for December 2028, ahead of the project's overall completion in December 2027. BSM said the acquisition supports its India expansion and growing maritime operations. For Kalpataru, this transaction builds on INR 1,200 crore in commercial sales over the past year, reflecting strong demand for Grade-A office space in Mumbai's JVLR-Powai-Vikhroli corridor.Read more

11 Nov 2025

Mumbai's Economic Offences Wing (EOW) has booked real estate developer Subbaraman Anand Vilaynur, his wife Uma Subbaraman, and B P Gangar Constructions for allegedly duping homebuyers of nearly INR 100 crore. The case was filed following a complaint by a 62-year-old chartered accountant, Anil Dron, who claimed that 102 buyers were promised flats in the "Sky 31" project in Wadala (West) since 2018. Instead of using the collected funds for construction, the accused allegedly diverted them to personal and other accounts and even sold one flat to two different buyers.Read more