20 Jan 2026

Sunteck Realty Limited is set to launch the first phase of an ultra-luxury residential development in Goregaon West with an initial investment of INR 1,250 crore. Spread across a prime three-acre land parcel, the 42-storey project carries a total gross development value of around INR 3,000 crore and is positioned as a landmark offering in Mumbai's western suburbs. Designed by internationally acclaimed architect James Law, the development combines ultra-luxury residences with premium commercial, retail, and fine-dining spaces, creating a future-ready mixed-use ecosystem.Read more

20 Jan 2026

Full-stack resale homes platform Truva has raised USD 9 million (INR 78 crore) in fresh capital to accelerate its expansion across Mumbai and enter new metro markets such as Delhi NCR and Bengaluru. The funding round includes USD 7.3 million (INR 61 crore) in equity led by Stellaris Venture Partners and Orios Venture Partners, along with USD 1.7 million (INR 17 crore) in venture debt from Stride Ventures. Several prominent angel investors also participated. The capital will be used to strengthen Truva's proprietary real estate intelligence engine, TruIQ, and to scale inventory-backed operations covering legal verification, staging and transaction execution. Founded in 2023, Truva aims to bring transparency and predictability to India's fragmented resale housing market by owning the entire transaction journey end-to-end.Read more

20 Jan 2026

K Raheja Corp has announced plans to develop a global school on a 1.18-acre land parcel in Juinagar, Navi Mumbai, as part of its large mixed-use development in the region. The international school, with a built-up area of around 1.8 lakh sq ft, will offer education up to Class 12 and is expected to commence its first academic session within the next three to four years. While the company has not disclosed the total investment for the project, the initiative underlines its focus on creating integrated urban ecosystems that combine education, workplaces, residences and lifestyle infrastructure. The school will form a key social infrastructure component of the developer's over 50-acre mixed-use township in Navi Mumbai.Read more

19 Jan 2026

CapitaLand India Trust has finalized a second long-term lease agreement for Tower 2 of its CapitaLand DC Navi Mumbai data centre in Airoli. The move strengthens the trust's portfolio in India's growing data centre market and highlights rising demand for secure and scalable digital infrastructure. Tower 2, part of a larger campus designed for enterprises and cloud providers, follows previous leasing successes, reflecting tenant confidence in CapitaLand's offerings. The campus's strategic location ensures high connectivity and accessibility for businesses.Read more

19 Jan 2026

Navi Mumbai International Airport has achieved a major milestone by crossing 1 lakh passengers within 19 days of starting commercial flights. Handling over 1,09,900 passengers, the airport's busiest day saw 7,345 travelers. During this period, 734 flights operated, including general aviation movements, while more than 79,000 pieces of baggage were processed. Cargo operations began simultaneously, with 22.21 tonnes handled. Delhi, Goa, and Bengaluru emerged as the top destinations. The airport is gradually scaling operations, supported by modern infrastructure and efficient processes to meet the growing travel demand.Read more

19 Jan 2026

Tushar Infra Developers Private Limited, owned by actor Tusshar Kapoor, and Pantheon Buildcon Private Limited, owned by his father Jeetendra Kapoor, have sold their commercial property in Mumbai's Chandivali area for INR 559.25 crore. The asset, the DC 10 Building in Balaji IT Park, spans about 30,195 sqm (3,25,016 sqft) and includes a ground-plus-ten-storey commercial building and an adjacent four-storey generator block. NTT Global Data Centres & Cloud Infrastructure India acquired the property. The deal highlights sustained investor interest in Mumbai's commercial micro-markets, especially for digital infrastructure and data centre spaces.Read more

18 Jan 2026

The Supreme Court has reiterated that the land reclaimed along the Mumbai Coastal Road cannot be used for residential or commercial development and must largely remain accessible to the public. The observation came while disposing of a petition challenging the Brihanmumbai Municipal Corporation's move to involve private agencies for landscaping and maintenance of the reclaimed areas. The court referred to its earlier directions, stressing that such land is meant for public use, with limited exceptions only for essential upkeep and landscaping, including projects undertaken under corporate social responsibility initiatives.Read more

18 Jan 2026

Chandak Group has marked 40 years of operations in Mumbai's residential real estate market by launching #Mission4000Trees, a tree plantation initiative focused on enhancing the city's green cover. Instead of a traditional anniversary celebration, the developer undertook a large-scale plantation drive at its Chandak Treesourus project in Malad West, where 4,000 saplings were planted. The initiative reflects the company's stated emphasis on sustainability and environmental responsibility alongside urban development. The plantation drive was designed as a community-led effort involving residents and stakeholders, and also highlighted the group's approach to integrating open spaces and greenery within residential projects in densely populated parts of Mumbai.Read more

16 Jan 2026

Jawaharlal Nehru Port (JNPT), India's largest container port, is set to be connected to the Western Dedicated Freight Corridor (WDFC) by the end of March 2026. The final 102 km JNPT Vaitarna section, forming the last mile, is in advanced stages of completion. This connection will allow freight from JNPT to move directly on dedicated freight routes, reducing reliance on conventional rail, cutting transit time, and easing congestion. Officials have also prepared reports for three more major corridors worth INR 4.5 lakh crore, aiming to strengthen freight infrastructure across the country.Read more

16 Jan 2026

A ready-mix concrete (RMC) plant in Powai, Mumbai, has received a formal notice from the Maharashtra Pollution Control Board (MPCB) for failing to comply with updated environmental and operational norms. Inspections revealed uncovered cement silos, lack of tyre-washing systems, poor sludge management, and non-functional dust suppression measures. The notice gives the operator 15 days to rectify all issues. This action is part of broader enforcement across the Mumbai Metropolitan Region, reflecting the board's intensified efforts to ensure construction-related industries maintain environmental and public safety standards.Read more

16 Jan 2026

Ajmera Realty & Infra India Ltd recorded a sharp rise in sales bookings during the third quarter of the current financial year, supported by improved demand for its housing projects. Sales bookings more than doubled on a year-on-year basis, while sales volumes also registered strong growth. The company reported a significant increase in cumulative bookings during the first nine months of the financial year, reflecting steady traction across its residential portfolio. Management attributed the performance to the company's asset-light strategy and expansion into new micro-markets. The developer stated that it has already surpassed its required run-rate for the year and remains confident of exceeding its full-year sales guidance.Read more

15 Jan 2026

Navi Mumbai International Airport Ltd (NMIAL) has proposed telecom infrastructure charges for service providers that align closely with rates at Mumbai International Airport (MIAL). The move aims to standardise pricing for in building solutions (IBS) and improve passenger connectivity. Telecom companies and the Cellular Operators Association of India (COAI) have raised concerns, citing high costs and restrictions on right-of-way (RoW). NMIAL said the charges reflect higher setup costs of a greenfield airport and outlined measures including free Wi-Fi and clear access instructions to ensure uninterrupted digital connectivity for passengers and airport staff.Read more

15 Jan 2026

Navi Mumbai International Airport (NMIA) has introduced a layered strategy to maintain uninterrupted digital access for passengers, drivers, and airport staff. Measures include infrastructure improvements, operational planning, and hands-on assistance to resolve connectivity issues across the terminal. Clear WiFi login instructions, physical step-by-step standees, OTP kiosks, and wardens in key areas are in place to assist users. The airport is also coordinating with telecom providers on fair infrastructure charges, amid earlier concerns over Right of Way permissions and fees. Operations began late last month, making these measures critical.Read more

14 Jan 2026

Jeetendra and his son Tusshar Kapoor have sold a commercial data centre property in Mumbai's Chandivali area to NTT Global Data Centres for INR 559.24 crore. The deal includes a ten-storey data centre building and a separate diesel generator facility at Balaji IT Park, spanning over 30,195 sq metres. The transaction was registered earlier this month and did not attract stamp duty under a 2024 government resolution, though a metro cess was paid. The deal highlights growing investor interest in Mumbai's data centre real estate market.Read more

14 Jan 2026

ASK Property Fund has invested INR 340 crore in a portfolio of three residential projects being developed by Mantra Group, strengthening its exposure to the Mumbai and Pune housing markets. The investment will support the acquisition of two projects through the NCLT resolution process, while also providing funding for an ongoing residential development. A portion of the capital will be used to settle outstanding dues of financial creditors, with the remaining amount allocated towards working capital requirements to ensure timely execution. The transaction reflects sustained institutional interest in residential real estate, particularly in projects with resolution-led acquisition opportunities and established urban demand across Maharashtra's key housing markets.Read more

14 Jan 2026

The Supreme Court has reiterated that reclaimed land along the Mumbai Coastal Road (South), including areas proposed to be landscaped under a corporate social responsibility initiative, must ordinarily remain open to the public and cannot be used for any residential or commercial development. While allowing landscaping and maintenance activities, the court underlined that such work should not restrict public access except where temporarily required. The ruling came while disposing of a public interest litigation challenging the municipal corporation's move to involve private agencies for long-term maintenance of the reclaimed land. The court reaffirmed its earlier directions that categorically prohibit any commercial or residential exploitation of the area, ensuring the coastal road project serves public interest and open access.Read more