Mumbai News Desk

12 Feb 2026

The Brihanmumbai Municipal Corporation (BMC) stopped construction of a transit camp in Worli after discovering it was being built on land reserved for a sewage treatment plant. Officials highlighted that critical sewer lines pass through the site, and construction had begun affecting sewage flow, raising risks of flooding during monsoon. A Slum Rehabilitation Authority (SRA) executive engineer is facing a criminal complaint for allegedly granting illegal approvals. The SRA has revoked permissions, and the developers must dismantle the transit structures, underscoring the importance of safeguarding Mumbai's ageing sewer infrastructure and reserved public land.Read more

Mumbai News Desk

12 Feb 2026

Mumbai's residential property market achieved its highest-ever stamp duty collections for January, led by larger and high-value homes, even as total registrations declined compared to last year. The surge reflects stronger demand in mid-to-premium segments and growing end-user confidence, supported by ongoing infrastructure development and stable economic conditions. Suburban areas, especially western and central suburbs, continued to dominate registrations. Homes sized up to 1,000 sq ft remained the most popular, while luxury homes above INR 5 crore also saw increased interest, signaling a structural shift in buyer preferences.Read more

Mumbai News Desk

11 Feb 2026

Standard Chartered Bank has sold a commercial office space in the Parinee Crescenzo tower at Mumbai's Bandra Kurla Complex (BKC) to Advanced Realty for INR 197 crore. The property has a chargeable area of 28,516 sq ft, carpet area of 27,003 sq ft, and 27 car parking slots, priced at about INR 69,084 per sq ft. The transaction reflects a wider trend of corporates monetising owned assets to unlock capital and adopt asset-light strategies, while BKC continues to be a highly preferred office micro-market with sustained investor and occupier interest.Read more

Mumbai News Desk

09 Feb 2026

The Brihanmumbai Municipal Corporation received only two bids for developing a helipad at the Worli jetty on a public private partnership (PPP) basis, showing limited private sector interest. The proposals came from JSW and Raymonds, both with experience in helicopter operations. The helipad will support medium-class helicopters for emergency medical evacuations, coastal surveillance, and VIP movement. The revenue-sharing PPP model requires the selected firm to pay BMC a fixed monthly sum of INR 1 lakh and a share of operational revenue, while also enhancing the site's aesthetics and ensuring aviation compliance.Read more

Mumbai News Desk

09 Feb 2026

The robotic parking tower near Mumbai's Mumbadevi temple, planned at INR 122 crore for 600 vehicles, remains stalled due to heritage and aesthetics concerns raised in mid 2024. The contractor, M/s SMS Limited, has issued a legal notice to the BMC seeking INR 55 crore in damages, citing unjustified suspension and mounting costs. BMC officials maintain that the project had no irregularities and warned of rising expenses, while local traders stress the need for the facility. The dispute highlights tensions between urban development and cultural preservation.Read more

Mumbai News Desk

09 Feb 2026

Mumbai's premium housing market recorded another high-value residential transaction as an ultra-luxury apartment in Worli was sold for INR 123.5 crore. The property was acquired by Radha Tanti, an angel investor and wife of Suzlon Energy's executive vice chairman. Located in the Artesia tower, the apartment offers a large carpet area along with a private balcony and multiple parking spaces. The deal reflects continued interest in limited high-end homes in central Mumbai despite a cautious buyer environment.Read more

09 Feb 2026

The Mumbai Port Authority (MbPA) has received bids from five companies, including the Adani Group's Cemindia Projects Ltd and Larsen & Toubro, for the development of a marina at Cross Island, off the Gateway of India. The INR 887 crore project, partially funded by MbPA with an investment of INR 470 crore, will include docking facilities, yacht maintenance services, fuel supply, and protection against weather. Onshore, a 4.2-hectare land parcel will house a 322-room five-star hotel, a club, a sailing school, restaurants, a business centre, and parking for 780 vehicles.Read more

Mumbai News Desk

09 Feb 2026

APM Terminals Mumbai reported a record container throughput of 2,11,846 TEUs in January 2026, marking the highest monthly performance in the terminal's history, according to port officials. The milestone eclipsed previous monthly figures and was driven by strong export and import demand, particularly from sectors such as automotive, engineering goods and consumer products. Productivity gains, including faster vessel turnaround and improved yard handling, were cited as key operational contributors. The terminal also continued to support increasing transhipment flows, with enhanced rail connectivity further boosting hinterland movement. The record performance reflects broader resilience in India's containerised trade, while underscoring Mumbai's strategic importance as a gateway for international cargo and a critical node for supply chain efficiency in the region.Read more

09 Feb 2026

The Bombay High Court has finally closed a 30-year-long landlord-tenant dispute involving singer Preeti Sagar and her sisters over a Walkeshwar flat owned by the Sheth Amichand Pannalal Adishwar Jain Temple Charitable Trust. Upholding a 1996 eviction decree, the court directed the tenants to vacate the flat within eight weeks. The dispute revolved around the Trust's plans to convert the flat into a bhojan shala and the tenants refusal of smaller alternative accommodation. The judgment emphasized that refusal of offered alternatives cannot prevent eviction when the landlord's rights are legally established.Read more

07 Feb 2026

Chhatrapati Shivaji Maharaj Terminus in Mumbai has taken platforms 16 and 17 out of service for 85 days to allow redevelopment work as part of its larger station overhaul. Central Railway has imposed traffic and power blocks from early February until late April to enable foundational strengthening and allied infrastructure improvements under the Rail Land Development Authority (RLDA). During this period, several long-distance trains are being short-terminated at Dadar or Thane. The redevelopment project, approved in late 2022 and being implemented by Ahluwalia Contracts Limited at a cost of INR 2,450 crore, includes new passenger facilities, parcel buildings, footbridges and skywalks.Read more

Mumbai News Desk

07 Feb 2026

A gas tanker carrying highly flammable propylene overturned near the Adoshi Tunnel on the Mumbai-Pune Expressway, leading to a massive traffic jam lasting more than 12 hours. Traffic on the Mumbai bound lane was immediately stopped, while some vehicles were diverted onto the Pune bound carriageway, yet congestion persisted due to ongoing gas leakage. Thousands of commuters were stranded without access to food, water, or toilet facilities. Emergency teams, including the NDRF and highway police, worked through the night to secure the tanker, contain the leak, and restore traffic flow safely.Read more

Mumbai News Desk

06 Feb 2026

The Brihanmumbai Municipal Corporation (BMC) has carried out an anti-encroachment drive across Mohammed Ali Road and Ibrahim Merchant Road, two of south Mumbai's busiest commercial stretches. The action focused on clearing unauthorised shops, raised platforms, sheds, bollards and abandoned vehicles that had blocked footpaths and affected traffic movement. Civic officials said the operation followed complaints about pedestrian safety and congestion. The drive involved heavy machinery, civic staff and police support, with authorities stating that similar action will continue in other congested areas.Read more

06 Feb 2026

Arkade Developers has registered a new residential project in Goregaon West with a GDV of INR 3.5 billion, reflecting the company's ongoing expansion in Mumbai's western suburbs. Known for delivering quality residential and mixed-use projects, Arkade is targeting the growing demand for well-connected urban housing. The project aims to attract buyers seeking modern amenities near commercial and entertainment centers. Industry observers highlight that this registration continues Arkade's trend of strategic developments designed to strengthen its footprint in Mumbai's competitive real estate sector.Read more

Mumbai News Desk

06 Feb 2026

The Brihanmumbai Municipal Corporation (BMC) is preparing to raise up to INR 10,000 crore through municipal bonds, aiming to fund water infrastructure and the northern extension of the Mumbai Coastal Road. Officials confirmed the civic body is in the accreditation and credit rating process, expected to take one to two months. Plans include issuing "blue bonds" for water projects and toll-backed bonds for coastal roads. This marks a shift from BMC's traditional self-funding approach, driven by rising liabilities and the Union Budget incentive of INR 100 crore for large bond issuances.Read more

Mumbai News Desk

06 Feb 2026

Mumbai's residential development landscape saw a pronounced decline in studio apartment supply during 2025, with only 790 studio units launched across the city — the lowest figure recorded in the past five years, according to data from the Maharashtra Real Estate Regulatory Authority (MahaRERA). This segment accounted for just 2 per cent of total housing launches in the calendar year, which comprised 42,643 units across all configurations. By contrast, smaller apartments such as 1 BHK and 2 BHK homes continued to represent the bulk of new supply, together making up nearly 60 per cent of all launches. The fall in studio introductions underscores a shift in developer focus and market dynamics, as competitors prioritise larger configurations that offer higher revenue potential amid an overall slowdown in housing supply in India's largest residential market. Analysis of launch trends suggests that subdued interest in micro-units aligns with broader structural real estate patterns in the city.Read more