25 Jun 2024

Vashi Public Hospital in Navi Mumbai has emerged as a frontrunner in adopting the Ayushman Bharat Digital Mission (ABDM), a government initiative aimed at revolutionising healthcare access and efficiency through digital tools. Mr. Dipti Gaur Mukherjee, CEO of the National Health Authority (NHA), recently visited the hospital to witness demonstrations of key functionalities such as Abha App Registration, Instant Token Generation, and Quick Retrieval of Medical Records. Dr. Kailas Shinde, Commissioner of the Navi Mumbai Municipal Corporation (NMMC), announced plans to computerise all hospital operations, highlighting benefits like reduced waiting times, improved care coordination, and portability of medical records. Mr. Mukherjee commended the NMMC's efforts and expressed support for further ABDM expansion. The visit also showcased Navi Mumbai's environmental initiatives, emphasising a holistic approach to a healthier future.Read more

24 Jun 2024

Navi Mumbai Municipal Corporation (NMMC) honours Rajarshi Chhatrapati Shahu Maharaj's 150th birth anniversary with a special lecture on his educational vision. Abhijit Kamble, BBC Marathi Editor, will discuss Shahu Maharaj's pioneering reforms in free and compulsory education, particularly for women. The event, part of NMMC's "Vicharvedh" series at Dr. Babasaheb Ambedkar Memorial Auditorium, Sector 15, Airoli, aims to highlight Shahu Maharaj's legacy and his belief in education as a catalyst for societal progress. Open to the public, the lecture starts at 6:30 pm, offering attendees an insightful tribute to a visionary leader's enduring impact.Read more

24 Jun 2024

The Mumbai Metropolitan Region Development Authority (MMRDA) has clarified that recent cracks found on the Mumbai Trans Harbour Link (MTHL) bridge are limited to the approach road from Ulwe towards Mumbai. Discovered during a routine inspection on June 20th, 2024, these minor asphalt surface cracks pose no threat to the main bridge structure. Repairs by contractor M/s Strabag are underway and expected to conclude within 24 hours, ensuring no traffic disruptions. The MMRDA reaffirms its dedication to the safety and quality of the MTHL project through ongoing inspections and prompt maintenance.Read more

21 Jun 2024

Mumbai's office market is ablaze with activity following IMC Securities' record-breaking lease deal at INR 700 per square foot in Bandra Kurla Complex (BKC). The lease, signed for Maker Maxity 4 North Avenue, underscores BKC's status as Mumbai's premier business district, rivaling global hubs like New York City. This deal coincides with the entry of Wall Street giants into India, drawn by the booming derivatives market. Mumbai's Grade A office rents have surged 6% to INR 136 per sq ft, reflecting robust demand. With over 2.3 million sq ft absorbed recently, Mumbai's commercial real estate outlook remains bullish amidst strong investor confidence and ongoing infrastructure developments.Read more

21 Jun 2024

The Navi Mumbai Municipal Corporation (NMMC) has adjusted its water supply schedule due to insufficient rainfall in the Morbe Dam catchment area. With only 99 mm of rainfall so far, the dam level has dropped to 68.95 meters. To manage resources responsibly, the NMMC will provide morning water supply daily, while evening supply will be limited to four days a week per area. This revised plan aims to ensure equitable distribution across Navi Mumbai. The NMMC urges residents to conserve water, emphasizing responsible usage to address the current water scarcity and maintain a balanced supply.Read more

20 Jun 2024

Raymond Realty has secured the redevelopment rights for MIG VI CHS Ltd in Mumbai's prime Bandra East neighborhood. This 2-acre project is estimated to generate revenue exceeding INR 2,000 crore. It marks Raymond Realty's fourth project in Mumbai, reinforcing its strategic expansion in the city. The redevelopment aligns with Raymond Limited's broader growth plans in the Mumbai Metropolitan Region (MMR), complementing their ongoing 100-acre development in Thane, projected to generate INR 25,000 crore. This move underscores Raymond's shift from textiles to real estate, promising significant new revenue streams in the coming years.Read more

20 Jun 2024

Santacruz East, a vibrant neighborhood in Mumbai's western suburbs, is known for its diverse population and robust infrastructure. Home to educational institutions, hospitals, and shopping complexes, it offers a blend of urban convenience and pockets of greenery. The area has seen significant real estate growth, with high-rise developments catering to various buyer preferences. In May, Atmiya Centria Phase 2 led real estate activity, followed by transactions in Prabhat Residency and Navratnamala Apartment. Prices ranged from INR 65 lakhs to INR 7.6 crores, reflecting the locality's appeal to both value-conscious and high-end buyers. With excellent connectivity and a dynamic community, Santacruz East continues to attract families and professionals.Read more

20 Jun 2024

The massive Dharavi Redevelopment Project, led by Adani Group's Dharavi Redevelopment Project Private Ltd (DRPPL), faces a roadblock in Sector 5 due to ongoing fee negotiations with the Maharashtra Housing and Area Development Authority (MHADA). The transfer of Sector 5, which includes five buildings for 942 rehabilitated tenants, has stalled. Key negotiation points include INR 183.57 crore in interest, an INR 17.24 crore land fee, and other waivers, totaling over INR 665 crore. MHADA has proposed these waivers to the state government. A swift resolution is crucial for the project's progress and for improving living conditions for thousands of Dharavi residents.Read more

19 Jun 2024

Rising Bollywood star Tripti Dimri, celebrated for her roles in "Animal," "Bulbbul," and "Qala," has invested INR 14 crore in a luxurious three-story bungalow in Bandra West, Mumbai. Spanning 2,193 sq. ft., the property is located on Sherly Rajan Road, near the sought-after Carter Road. Dimri paid INR 70 lakh in stamp duty and INR 30,000 in registration fees, benefiting from a 1% discount for female buyers. As Bollywood celebrities continue to flock to Bandra West, Dimri's purchase joins a series of high-profile acquisitions in the area, highlighting its status as a prime real estate destination.Read more

19 Jun 2024

The UK Consulate in Mumbai has purchased a new 15,000 sq. ft office space in Lower Parel's One Lodha Place for over INR 101.25 crore, replacing its Bandra-Kurla Complex location. This purchase highlights the UK government's confidence in Mumbai's growth. Consulates in India are exempt from stamp duty, saving substantial costs. The move aligns with the booming commercial office market, which saw a 13.8% YoY growth in Q1 2024. The new office offers better accessibility and efficiency. This strategic investment underscores Mumbai's rising status as a global business hub and enhances UK-India relations.Read more

19 Jun 2024

Tata Digital has renewed its lease for the iconic Fort House building in Mumbai's historic Fort district for the next three years, in a significant deal with Dawat-e-Hadiyah, a charitable trust of the Dawoodi Bohra community. The agreement ensures Tata Digital's headquarters remains at Fort House, with a mandatory one-year period and a total lease cost of INR 249 crore, or INR 83 crore per month for the 1.5 lakh square foot office space. This renewal underscores the high demand for premium office space in Mumbai's central business district and highlights Tata Digital's commitment to its operations and growth within the Tata Neu ecosystem.Read more

18 Jun 2024

Rajesh Labhubhai Lakhani, director at Kiran Gems, purchased a 14,911 sq. ft apartment in Mumbai's Oberoi 360 West for INR 97.4 crore. The luxury residence, located on the 44th floor, offers stunning views and comes with seven car parking spaces. This transaction highlights the robust performance of Mumbai's luxury real estate market, with over 10,000 property registrations in May 2024 alone. South and central Mumbai remains hotspots for wealthy buyers, with luxury apartments like those in Three Sixty West attracting business leaders and celebrities, ensuring sustained market growth and investment potential.Read more

17 Jun 2024

Residents of Chitra Cooperative Housing Society in Chembur celebrated paying off an INR 20 crore bank loan after independently redeveloping their building themselves. They completed construction faster and at a higher quality than offered by private builders. Originally consisting of 12 flats averaging 450 sqft each, the new 19-story tower designed by T Khareghat contains 56 flats, with each member receiving 1,150 sqft generating significant rental income. They repaid the loan within 6 months of moving in, setting an example for other housing societies undertaking redevelopment. The event was attended by housing activist Chandrashekhar Prabhu and MLA Bacchu Kadu, who was interested in understanding their novel self-redevelopment model.Read more

17 Jun 2024

Auris Galleria, a new shopping and business complex in Malad West, has received its Occupation Certificate (OC). Developed by Transcon Developers and Sheth Creators, the project covers 66,667.50 square feet and features 78 retail units and 29 commercial spaces, ranging from 375 to 1,238 square feet. Strategically located near Link Road and Malad Railway Station, Auris Galleria is designed for high foot traffic and easy accessibility. As part of the Auris Serenity project, it provides ample parking and a vibrant community atmosphere, positioning it as a premier destination for businesses and consumers in Malad.Read more

17 Jun 2024

Naiknavare Developers, a Pune-based construction company, successfully handed over homes to 80 families in Mumbai's Vakola neighbourhood, Santacruz, as part of the 'Jagruti' Slum Rehabilitation Project (SRA). Initiated in December 2022, this project spans approximately 12 acres. The newly completed G+9 tower provides 80 units, each with a 300-square-foot carpet area. Future phases will include amenities like a gym, nursery school, and society office. During the key handover ceremony, Chief Guest MLA Sanjay Potnis praised the initiative. Naiknavare Developers, known for its SRA projects, aims to empower slum residents and has a robust portfolio across Pune and Mumbai.Read more