17 Feb 2026

The Maharashtra government plans to roll out the Mumbai water metro project in phases starting December, aiming to ease traffic congestion across the Mumbai Metropolitan Region (MMR). Ports Minister Nitesh Rane said a Detailed Project Report (DPR) will be submitted by February 28, after which two routes will be finalised for the first phase. The INR 1,200 crore project proposes six to eight routes using battery-powered ferries, initially focusing on key Mumbai city stretches such as Nariman Point, Worli, Bandra, Juhu and Versova. Modelled on the Kochi water metro, the project will later expand across the wider MMR, with improved connectivity including faster access to the upcoming Navi Mumbai International Airport.Read more

Mumbai News Desk

17 Feb 2026

The Bombay High Court has upheld a deemed conveyance order granted to Corporate Centre Premises Co-operative Society Ltd, reinforcing statutory protections for cooperative societies over competing private contractual claims by developers. The developer, Krishna Developers, had challenged the conveyance on the basis that its contractual rights for future development were being adversely affected. However, the court ruled that the statutory obligations under the Maharashtra Ownership Flats Act (MOFA) take precedence over private agreements once construction is complete, all Floor Space Index (FSI) has been utilised and occupancy certificates have been issued. Justice Amit Borkar clarified that private contracts cannot override clear legislative mandates that protect society rights, and that objections related to internal society management should be dealt with under the Maharashtra Co-operative Societies Act. The ruling reinforces the legal framework for resolving longstanding conveyance disputes in Mumbai's real estate sector.Read more

17 Feb 2026

Apple has announced the opening of its new Apple Borivali store, which will be its sixth outlet in India and second in Mumbai. The store is scheduled to open on February 26 and follows the company's recent expansion across key cities such as Bengaluru, Pune, and Noida. The Borivali location features Apple's peacock-inspired visual design seen at its newer stores. The outlet is expected to serve consumers as well as startups and businesses, strengthening Apple's retail footprint in India.Read more

17 Feb 2026

Phoenix Marketcity Mumbai has seen improved accessibility following the opening of the Santacruz - Chembur Link Road extension connecting to LBS Road. The new route offers a signal-free approach that reduces travel time and eases congestion from areas such as Bandra, Santacruz and Andheri. The development improves access to Kurla and the LBS Road corridor, making travel more predictable for visitors. The mall, operational since 2011, continues to be one of Mumbai's largest retail and leisure destinations with strong footfall and established entertainment venues.Read more

16 Feb 2026

A parapet segment fell near Pier P196 on Mumbai Metro Line 4, injuring four people and resulting in one death. MMRDA immediately secured the site, halted construction at the stretch, and initiated a structural safety assessment with BMC and other authorities. A high-level inquiry committee has been formed to investigate construction practices, quality control, supervision, and contractor compliance. Financial penalties of INR 5 crore on the contractor and INR 1 crore on the general consultant have been imposed. Full medical treatment for the injured and financial support for the deceased's family will be provided promptly, with transparency and accountability emphasized.Read more

16 Feb 2026

Mumbai-based developer Srishti Group has launched a limited-period Valentine's campaign titled Commitment Benefit, offering special incentives on select homes. The festive scheme applies to its projects Craft De Srishti and Srishti Oasis featuring 1, 2 and 3-bed sun-deck residences priced from INR 96 lakh onwards. Benefits include zero GST, no floor rise charges, spot discounts and a flexible payment plan. The developer said the initiative is positioned around the theme of forever homes, combining emotional appeal with financial advantages. The campaign comes amid rising joint home purchases among young couples and improving connectivity in Mumbai's eastern suburbs, supported by infrastructure upgrades such as the Goregaon-Mulund Link Road.Read more

15 Feb 2026

Suraksha Smart City, Vasai, is set to commence the phased delivery of 5,868 Economically Weaker Section (EWS) homes under the Pradhan Mantri Awas Yojana (PMAY) during calendar year 2026. The handover, to be carried out building-wise across Phase 1, represents one of the largest integrated township deliveries in the Mumbai Metropolitan Region. Developed using advanced precast construction techniques and extensive mechanisation, the project has focused on speed of execution without compromising quality. Priced at INR 22.5 lakh for 1 BHK units, with a government subsidy of INR 2.5 lakh, the homes are aimed at first-time buyers. The development also underlines Vasai's growing role as an affordable residential hub within the Mumbai 4.0 growth framework.Read more

15 Feb 2026

Sattva Group has formally entered the Mumbai Metropolitan Region with six residential and commercial redevelopment projects spanning more than 8 million sq ft of construction area. Secured through competitive evaluation processes, the projects are spread across Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle West, Powai and the Bandra Kurla Complex vicinity. The portfolio is expected to deliver over 2,500 rehabilitation homes and more than 2,000 new residences, with an estimated gross development value of around INR 11,000 crore. Construction is scheduled to commence in 2026, with phased deliveries extending until 2032. The move aligns with Mumbai's accelerating redevelopment cycle, driven by ageing housing stock and evolving regulatory support under proposed refinements to DCPR 2034.Read more

14 Feb 2026

Smartworks Coworking Spaces Limited has expanded its Mumbai footprint with a 182,300 sq ft managed office lease at The Square, a commercial development by Lloyds Realty Developers Ltd in Andheri (East). With this addition, Smartworks total portfolio in Mumbai has crossed 2 million sq ft, reinforcing its position in India's financial capital. The IGBC Gold pre-certified building is strategically located near Chhatrapati Shivaji Maharaj International Airport (T2) and key metro corridors, enhancing accessibility for enterprise occupiers. The expansion follows recent large-scale campus additions in Vikhroli and Navi Mumbai. The company said the move aligns with sustained enterprise demand for high-grade, flexible managed office spaces across Mumbai's prime commercial hubs.Read more

Mumbai News Desk

14 Feb 2026

The Brihanmumbai Municipal Corporation has intensified recovery action against large property tax defaulters in Mumbai by issuing attachment and seizure notices under the municipal law. The civic body has identified several major developers and entities with long-pending dues running into hundreds of crores. Officials have warned that movable assets may be seized first, followed by auction of properties if payments are not made. Property tax remains a key revenue source for civic services, and the BMC has urged defaulters to clear arrears through available payment mechanisms.Read more

14 Feb 2026

Alliance City Developers Realtors Pvt. Ltd. has performed the Bhoomi Pujan for Alliance Harmony, a boutique residential development in Matunga, marking the formal start of construction earlier this month. Located on Balkrishna Sule Marg, the project is positioned around a low-density living concept, offering one residence per floor with direct elevator access. The development will comprise spacious 3 BHK apartments and signature 4 BHK sky villas, designed to prioritise privacy, natural light, and cross ventilation. Backed by strong connectivity to educational institutions, transport nodes, and green open spaces, Alliance Harmony targets end-users seeking exclusivity in one of Mumbai's established residential micro-markets. With approvals in place and construction underway, the project adds to Alliance City's growing portfolio of redevelopment-led housing across central and western Mumbai, where demand remains skewed towards limited-supply, lifestyle-oriented developments.Read more

13 Feb 2026

Brihanmumbai Municipal Corporation (BMC) has initiated e-auction proceedings against six properties in Mumbai for non-payment of property tax amounting to INR 455.48 crore. The civic body also issued 21-day final notices to two additional defaulters in the Fort area of south Mumbai. The identified properties are located in Goregaon (West), Bandra (West), Dahisar, Parel, Mazgaon and Malad-Kurar village. Authorities said attachment and distraint action has been taken under provisions of the Mumbai Municipal Corporation Act. If dues remain unpaid after movable assets are auctioned, immovable properties will be put up for sale in compliance with statutory provisions and a Bombay High Court interim order.Read more

13 Feb 2026

Smartworks Coworking Spaces has taken another step to expand its footprint by signing a lease deed for additional capacity in Mumbai. The company disclosed that the expansion will require an investment of around INR 250 million. The move aligns with Smartworks ongoing strategy to grow its presence in key commercial markets where demand for flexible office space remains steady. Mumbai continues to be a core market for coworking operators due to sustained demand from enterprises and mid-sized firms seeking managed and flexible workspaces.Read more

13 Feb 2026

Oberoi Realty has announced that its joint venture firm, I-Ven Realty Ltd, has entered into agreements with Switzerland-based Aman Group to develop and manage a luxury hotel and branded residences project in Worli, Mumbai. The special purpose vehicle, which holds leasehold rights over a 4-acre land parcel on Dr Annie Besant Road, plans to construct an 80-room hotel and 150,000-200,000 sq ft (carpet area) of residential space for sale. Aman will manage the hotel under its brand for an initial 25-year term, extendable by 10 years. The residences will also be marketed and operated under the Aman brand. The hotel is expected to become operational in 2032.Read more

Mumbai News Desk

13 Feb 2026

Mumbai recorded 11,219 property registrations in January 2026, marking an 8 % year-on-year decline compared with the same month last year, according to data from the Maharashtra Inspector General of Registration. Despite the fall in volume, stamp duty collections increased by about 2 % to around INR 1,012 crore, underscoring steady transaction value in the city's real estate market. On a month-on-month basis, both registrations and stamp duty receipts eased, reflecting typical seasonal moderation in early calendar year activity. Analysts said the divergence between volume and revenue suggests sustained demand for higher-value homes, particularly in mid-to-premium segments, which has helped buoy government revenue despite fewer transactions overall. The data highlights ongoing resilience in Mumbai's residential property market amid evolving buyer preferences and broader economic conditions.Read more

Mumbai News Desk

12 Feb 2026

Actor and entrepreneur Sonu Sood has leased a commercial property in Mumbai to HDFC Bank at a monthly rent of INR 11.75 lakh, according to sources familiar with the transaction. The space, located in a prime commercial locality, will be used by the bank for its branch operations. The deal highlights ongoing demand from financial institutions for well-located office and retail addresses in Mumbai's key commercial corridors, even as hybrid work trends continue to shape occupier strategies. Leasing activity from corporate occupiers such as banks indicates sustained interest in physical touchpoints for customer engagement, complementing digital channels. Details on the size of the leased premises were not disclosed, but market participants said the rental quantum reflects premium pricing in the micro-market.Read more

Mumbai News Desk

12 Feb 2026

The Brihanmumbai Municipal Corporation has stepped up recovery of long-pending property tax dues by issuing attachment notices to several high-value defaulters across Mumbai. The action targets real estate developers and commercial entities with outstanding dues running into multiple crores, including one case exceeding INR 140 crore. The notices were issued after repeated reminders and final demand notices failed to yield results. Under civic law, the BMC can seize movable assets and proceed with property auctions if dues remain unpaid.Read more