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15 Mar 2026
Navi Mumbai Municipal Corporation has announced a property tax amnesty scheme to encourage defaulters to clear outstanding dues. Under the initiative, property owners who pay their pending property tax in a lump sum between March 10 and March 31, 2026, will receive a 50% waiver on the late payment penalty. The scheme applies to residential, non-residential, industrial properties and vacant land within Navi Mumbai. Civic officials said the initiative aims to support taxpayers while improving revenue collection for civic services such as roads, water supply, sanitation, healthcare and education. Property owners can make payments online through the civic body's website and mobile application or at designated collection centres.Read more
14 Mar 2026
The Bombay High Court has set aside a Brihanmumbai Municipal Corporation (BMC) order concerning pending payments of over INR 6.41 crore to a contractor for additional work on the Girgaon Chowpatty viewing gallery. The court noted that BMC relied on documents without sharing them with the contractor or allowing him to respond, violating natural justice. Contractor Mukesh Purohit had completed the project and received partial payment of INR 1.36 crore, but the balance remained unpaid. The court has directed a fresh hearing with all submissions considered before a new decision is issued.Read more
14 Mar 2026
The Navi Mumbai Municipal Corporation (NMMC) is progressing with the construction of a planned underpass at Sector 19, Sanpada, along Palm Beach Road to ease traffic congestion and improve connectivity within the Sanpada and Juinagar areas. The project has been proposed as an alternative access route to reduce dependence on the existing entry point near Moraj Circle and to manage future traffic pressure arising from infrastructure developments including the Navi Mumbai International Airport, JNPT expansion and the planned Third Mumbai. As part of the project's environmental management plan, the civic body has identified 808 trees in the project area, of which 368 will be preserved in their existing locations. A further 329 trees will be transplanted scientifically within the same locality, while 111 trees are proposed to be removed after due regulatory procedures and public consultations.Read more
14 Mar 2026
Mumbai-based developer Chandak Group has launched a limited-period homebuying scheme across five of its residential projects in the city to coincide with the Gudi Padwa festival and the company's 40th year of operations. The initiative introduces a 40:60 developer subvention structure under which buyers pay 40% of the property value upfront while the remaining 60% is deferred until possession. The offer applies to projects located in Chembur East, Vile Parle West, Andheri East, Malad West and Borivali East and will remain valid until March 31, 2026, after which the effective prices of residences in these developments are scheduled to increase from April 1. The scheme is aimed at improving affordability and easing near-term financial commitments for homebuyers considering premium residences in Mumbai's established residential micro-markets.Read more
14 Mar 2026
The Navi Mumbai Municipal Corporation has carried out a major demolition drive to remove unauthorised hutments constructed beneath high-tension electricity lines in Vashi Gaon. Acting on instructions from Municipal Commissioner Dr Kailas Shinde, the civic body's encroachment department cleared 213 illegal huts built on land belonging to the municipal corporation and CIDCO. The operation was conducted under the supervision of senior officials with support from police personnel, security staff and demolition equipment. Authorities said the structures posed serious safety risks due to their location directly beneath high-voltage transmission lines. The civic administration has stated that similar enforcement actions will continue as part of its efforts to remove unauthorised encroachments across Navi Mumbai.Read more
13 Mar 2026
The Brihanmumbai Municipal Corporation (BMC) is nearing the completion of 906 rehabilitation flats for families affected by the Goregaon-Mulund Link Road (GMLR) project in Mumbai. Built across seven residential buildings at Kanjurmarg West, each unit is around 300 sq ft and includes basic living facilities. In the first phase, 252 families are expected to be relocated once construction is completed by the end of March. The project also includes community amenities such as a market, health centre, library, and sewage treatment plant to support residents.Read more
13 Mar 2026
Mumbai's civic administration is moving forward with a plan to build distinctive entry arches at major entry points, complemented by practical amenities. The mayor recently visited Vashi, Airoli, and Mulund entry points to review progress and fast-track planning. The arches will be accompanied by landscaped parks, parking spaces, air conditioned restrooms, and designated stalls for local entrepreneurs and community groups. Additionally, a transport and commercial hub is being planned at the former Dahisar octroi site, integrating bus services, retail spaces, and hotels to improve connectivity and revenue generation.Read more
13 Mar 2026
Mumbai Police have filed another chargesheet against real estate developer Sanjay Chhabria, promoter of Radius Estates and Developers Pvt Ltd, in an alleged cheating case involving Yes Bank amounting to about INR 30.39 crore. Investigators claim that funds sanctioned for a redevelopment project were diverted and used for purposes unrelated to the project. The case is part of a broader investigation into financial transactions linked to the Yes Bank DHFL controversy. Chhabria and companies connected to the Radius Group have faced scrutiny from several agencies over the past few years regarding alleged loan diversion and financial irregularities.Read more
13 Mar 2026
12 Mar 2026
Mumbai Police's Economic Offences Wing has arrested a developer in connection with an alleged INR 55 crore redevelopment fraud linked to a housing society in Versova, Andheri. The case relates to a 13-flat residential redevelopment project where residents claim their properties were misused through forged agreements and illegal transactions. According to investigators, flats meant for original society members were mortgaged to banks and sold to third parties without their consent. The arrest follows an earlier action against another developer involved in the project, and authorities are now examining financial records and property documents to trace the full extent of the fraud.Read more
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12 Mar 2026
Navi Mumbai International Airport Ltd (NMIAL), a joint venture between the Adani Group and City and Industrial Development Corporation (CIDCO), has been named the premium airport partner for Airport 360 Expo 2026, scheduled to take place in Mumbai on April 23-24. The aviation industry event will bring together airport operators, policymakers, infrastructure planners and technology providers to discuss airport infrastructure, operations and emerging technologies. Through this partnership, NMIAL is expected to present insights from the development of Navi Mumbai International Airport and participate in discussions on passenger experience, operational efficiency and sustainable airport infrastructure in India.Read more
12 Mar 2026
Investment manager Arnya Real Estates Fund Advisors and Mumbai-based developer Supreme Universal have secured commitments of about INR 1,030 crore for their Arnya Real Estate Fund � Equity, marking the first close of the investment platform launched in November 2025. The Sebi-registered Category II alternative investment fund has a target corpus of INR 1,250 crore and will focus primarily on residential redevelopment opportunities in Mumbai, while also evaluating projects in Pune. Capital has been raised from a mix of domestic and offshore investors, including family offices and high-net-worth individuals, with around INR 220 crore committed by the sponsors themselves. The fund will deploy equity capital into redevelopment-led housing projects, with individual investments expected to range between INR 80 crore and INR 200 crore across several transactions currently under evaluation.Read more
12 Mar 2026
11 Mar 2026
Raymond Realty has signed definitive documents to jointly develop a residential project in Kandivali, Mumbai, with an estimated gross development value of around INR 3,000 crore, marking the company's seventh joint development project in the city. With this addition, the total gross development value of Raymond Realty's real estate portfolio is expected to reach nearly INR 43,000 crore. Separately, NCR-based developer County Group has launched 'Clove County', a luxury residential project in Sector 151, Noida, along the Noida-Greater Noida Expressway, involving an investment exceeding INR 1,200 crore. The five-acre development will feature 226 high-end apartments across three towers with configurations ranging from large 4BHK to 5BHK residences. The announcements reflect continued development activity in two key residential markets—Mumbai and Noida—across both joint development and premium housing segments.Read more
11 Mar 2026
The Brihanmumbai Municipal Corporation (BMC) has introduced mandatory independent geotechnical oversight for foundations of high-rise buildings, aiming to strengthen construction safety in the city's dense urban areas. Buildings taller than 180 m must now receive clearance from the High-Rise Committee (HRC) at key construction stages, ensuring soil investigations, shoring, and excavation practices meet rigorous standards. This move follows past foundation and shoring failures, and includes empanelled senior engineers from academia and industry. It represents the first municipal-level geotechnical requirement in Asia and could serve as a model for other growing cities.Read more
11 Mar 2026
Brihanmumbai Municipal Corporation (BMC) Commissioner Bhushan Gagrani addressed concerns regarding the Coastal Road (North) project, noting that decisions involve multiple statutory approvals and cannot be made by a single authority. The project has faced criticism from citizen groups over its impact on nearly 45,000 mangroves. The Bombay High Court continues to monitor compliance, especially compensatory afforestation measures. At the International Arboriculture Conference, experts emphasized integrating urban development with ecological preservation, while officials outlined plans for tree care initiatives, modern arboriculture practices, and citizen engagement in protecting urban greenery.Read more
11 Mar 2026
10 Mar 2026
Residents and environmental groups in Mumbai recently held a citizen march in Kandivli to draw attention to concerns about mangroves that could be affected by the proposed northern extension of the coastal road project. The demonstration focused on the environmental impact of the planned Versova-Bhayander corridor, where thousands of mangrove trees fall within the project's influence zone. Activists stressed that these ecosystems play a key role in protecting the city from flooding and coastal erosion. The march brought together local citizens and conservation groups to highlight ecological concerns while the large infrastructure project continues to move forward.Read more
10 Mar 2026
The Brihanmumbai Municipal Corporation (BMC) is preparing to present the INR 3,000 crore Gargai dam proposal to its civic standing committee for final approval. The 69 metre dam near Ogada village in Palghar district, along with a 2.2 metre tunnel to Modak Sagar reservoir, is expected to add 440 million litres per day to Mumbai's water supply, becoming the city's first new reservoir since Middle Vaitarna in 2014. Work is expected to start by March 2026, with completion targeted in 2029. The project includes village relocation, hydropower generation, and tree transplantation.Read more
10 Mar 2026
CRE Matrix said office rentals in Navi Mumbai are about 21% lower than the average rentals in major Tier-1 cities, making the market increasingly attractive for multinational companies and global capability centres (GCCs). According to the firm's report, Navi Mumbai Rising: A Comprehensive Perspective on India's Next Commercial Real Estate Hub, average office rents in the city are around INR 70 per sq ft per month. The report highlights strong growth in the region's commercial real estate sector, supported by infrastructure development, competitive costs and rising occupier demand. Navi Mumbai currently has around 32.7 million sq ft of prime office stock with over 430 occupiers, while an additional 23.5 million sq ft of office space is expected to be developed by 2031.Read more
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