14 Jan 2026

Global financial services major JP Morgan has leased a large office space measuring nearly 2.72 lakh sq ft in Mumbai's Powai area, marking a significant commercial real estate transaction in the city's office market. The space is located at One Downtown Central (Crisil House) and has been taken on lease from Cowrks for a starting monthly rent of INR 9.23 crore. The lease tenure is for five years, with rentals commencing from April and an annual escalation of 5 percent. The deal highlights continued demand from multinational corporations for high-quality office assets in established business districts, supported by flexible workspace operators and institutional property owners.Read more

13 Jan 2026

Mumbai-based Crest Ventures has partnered with Vensco Projects to develop a premium mixed-use residential project in Chembur, with an estimated gross development value of around INR 1,850 crore. Located on Golf Course Road, the luxury development will span about 2.5 acres and offer nearly 5 lakh sq ft of saleable area. The project reflects rising demand for high-end housing in eastern Mumbai, driven by improved connectivity and established social infrastructure. Crest Ventures said the development aligns with its luxury housing strategy and changing buyer preferences for integrated, well-planned communities. Chembur continues to attract developers as a key residential micro-market, with mixed-use projects gaining traction for their lifestyle appeal and long-term value.Read more

Mumbai News Desk

13 Jan 2026

Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai recorded a record 55.5 million passengers in 2025, driven by strong domestic and international travel demand. Domestic passengers reached about 39.2 million, while international travellers numbered around 16.3 million. Delhi, Bengaluru, and Goa were the busiest domestic routes, while Dubai, London, and Abu Dhabi led international traffic. IndiGo, Air India, and Emirates dominated passenger volumes. January and November were the peak months, and the October-December quarter recorded the highest quarterly traffic. Route expansions and increased connectivity contributed to this steady growth.Read more

12 Jan 2026

The Navi Mumbai Municipal Corporation (NMMC) has intensified its monitoring and safety measures to ensure the supply of clean and safe drinking water across the city, following recent concerns arising from a water contamination incident in Indore. Leveraging its own Morbe Dam project, Navi Mumbai continues to be recognised as a water-secure city, with regular testing and quality checks already in place. However, in view of potential risks arising from the proximity of water and sewage pipelines, NMMC Commissioner Dr. Kailas Shinde has directed officials to adopt additional precautionary measures. The civic body has initiated end-to-end inspections of the water supply system, from source to consumer, with special focus on vulnerable residential areas, to maintain strict adherence to water quality standards.Read more

Mumbai News Desk

12 Jan 2026

Ritika Sajdeh, the wife of Indian cricket captain Rohit Sharma, purchased a premium apartment in Prabhadevi, Mumbai, for INR 26.30 crore. The flat, located in Ahuja Towers, spans a carpet area of 2,760.40 sq ft and comes with three car parking spaces. Registration documents show the transaction attracted INR 1.31 crore in stamp duty and INR 30,000 in registration fees, with the sellers listed as Ajinkya DY Patil and Puja Anjinkya Patil. Sajdeh, known for her sports management career, has been increasingly investing in high-value real estate in Mumbai.Read more

11 Jan 2026

Superb Realty marked a new chapter in channel partner engagement by hosting the inaugural Superb Cup 2026, a one-day cricket league organised in association with the Ghatkopar Real Estate Association. Held in Mumbai, the tournament brought together eight channel partner teams, blending competitive sport with networking and community-building. The event highlighted Superb Realty's focus on nurturing relationships beyond formal business interactions, using sport as a platform to strengthen collaboration, trust and shared growth. With strong participation, enthusiastic support from industry leaders and high-energy matches, the league emerged as a celebration of teamwork and camaraderie. The Superb Cup 2026 reinforced the growing trend of experiential engagement within the real estate ecosystem, where partnerships are deepened through meaningful, people-centric initiatives.Read more

Mr. Ruchit Mehta, Partner, Mehta Realty

11 Jan 2026

Goregaon's journey from a mid-suburban residential area to a fast-emerging urban hub reflects Mumbai's broader evolution, with cluster redevelopment now driving its next phase of growth. Once known for open land and modest housing, the suburb has steadily transformed through improved connectivity, commercial development and stronger social infrastructure. The cluster redevelopment model is accelerating this shift by consolidating fragmented plots into planned, mixed-use neighbourhoods that integrate housing, offices, retail and community amenities. Backed by metro connectivity, arterial roads and upcoming infrastructure projects, Goregaon is witnessing rising property values and growing interest from end-users and investors alike. More importantly, cluster projects are addressing the challenge of ageing housing stock by improving safety, liveability and sustainability. Together, these factors are repositioning Goregaon as a modern urban core within Mumbai's western suburbs.Read more

Mumbai News Desk

10 Jan 2026

Wipro Limited has strengthened its presence in Navi Mumbai by leasing approximately 1.45 lakh sq ft of Grade A office space at Mindspace SEZ, Airoli East, on a five year lease. The agreement, registered in late December 2025, includes a lock in period of 36 months, 97 car parks, and an 84 day rent free period before rent starts in April. The monthly rent begins at around INR 97.25 lakh with annual 5% escalations. This lease complements Wipro's existing footprint in the Airoli campus, reflecting the continued demand for cost efficient suburban office spaces.Read more

Navi Mumbai News Desk

09 Jan 2026

The Navi Mumbai Municipal Corporation (NMMC) recently directed the shutdown of 19 construction sites after air quality levels exceeded 200 in multiple localities, marking poor pollution conditions. Alongside these closures, notices were issued to 42 other sites for failing to meet environmental safety standards. Enforcement teams, including flying squads of assistant commissioners and engineers, are actively monitoring compliance with a 27-point air pollution control plan. The civic body is also increasing dust suppression measures, installing air quality monitoring devices, and issuing penalties to developers to control rising particulate pollution during the winter season.Read more

Mumbai News Desk

09 Jan 2026

The Bombay High Court has intervened to stop the Brihanmumbai Municipal Corporation (BMC) from proceeding with the demolition of homes at Rakhmabai Mhatre Chawl in Mulund (East), ruling that the civic body's notices were vague and unjustified. The court found that six residents had adequately demonstrated long-term occupancy through historical property tax and utility records, undermining BMC's claim of unauthorised construction. Observing that the demolition warnings lacked clarity on what was unlawful, the bench quashed the notices and ordered that no coercive action be taken until the civil suits are finally disposed of. The ruling underscores the need for precise procedural compliance when authorities seek to remove longstanding residential structures.Read more

09 Jan 2026

Atul Agnihotri's real estate firm, Shivansai Homemaker Infra LLP, has secured the redevelopment rights of the 60-year-old Palimala Cooperative Housing Society in Bandra, Mumbai. The project involves 11 members and includes a significant increase in apartment sizes, along with structured financial compensation during the construction period. The agreement was formally registered with a token payment and stamp duty. Members will receive upgraded homes with modern specifications once redevelopment is completed, in line with Mumbai's ongoing push to renew ageing residential societies.Read more

Mumbai News Desk

09 Jan 2026

A rare heritage, sea-facing bungalow in Mumbai's upscale Juhu neighbourhood has hit the market with an asking price of INR 250 crore, underscoring strong interest in ultra-prime coastal real estate. Named Leela, the property spans a 14,858 sq ft plot with about 8,480 sq ft of built-up area, and features six bedrooms, multiple living spaces, sea-facing balconies and a large terrace with panoramic sea views. Built in the 1950s in Art Deco style, the bungalow is listed as a Grade IIB heritage property, offering both architectural legacy and redevelopment potential under city regulations. Owned by the Nanavati family, the listing has attracted interest from developers and high-net-worth buyers, reflecting continued demand for iconic and scarce residential assets in Mumbai's luxury segment.Read more

Mumbai News Desk

09 Jan 2026

The BMC has deployed ward-level flying squads to enforce pollution-control measures across Mumbai, with a focus on construction sites. During December 2025, 557 sites received showcause notices, while 233 faced stop-work orders for non-compliance. Winter conditions and low winds worsen air quality, with industrial emissions, road dust, construction, and vehicle smoke as primary contributors. Citizens are urged to follow official CPCB and MPCB data, as private platforms often rely on unverified sources. Revised 2024 guidelines mandate stricter control measures, including netting, water sprinkling, and air monitoring systems.Read more

Mumbai News Desk

09 Jan 2026

The Railway Land Development Authority (RLDA) has received a bid of INR 1,368 crore for redeveloping nearly six acres of its Supari Baug colony in central Mumbai's Parel area. The bid, submitted by Dineshchandra R Agrawal Infracon, slightly surpasses RLDA's revised reserve price. Offered on a 99 year lease under a revenue share model, the project will now undergo technical and financial evaluation. Parel's transformation over the past two decades into a residential and commercial hub has made centrally located railway land highly attractive to developers.Read more

Mumbai News Desk

09 Jan 2026

A civil court in Mumbai has ruled that Godrej & Boyce's Vikhroli land cannot be classified as a slum, setting aside a government notification issued in the late 1970s under the Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act. The notification had labeled around 7,850 square metres of the property as a slum. The court found the declaration legally invalid and issued an injunction preventing authorities from treating the land as a slum unless a fresh, valid declaration is made. The ruling also protects the company's access and use of the land.Read more

Mumbai News Desk

09 Jan 2026

Following the recent civic elections in Mumbai, a major section of Veera Desai Road in Andheri West will be closed to regular traffic to allow demolition and reconstruction of a worn-out bridge over Mogra Nala at Dhake Colony. Traffic authorities have provided alternate routes, diverting southbound vehicles via Court Yard, Chitrakoot Junction, and New Link Road, while vehicles from JP Road will also use New Link Road. Residents have expressed concern about potential congestion, recalling earlier partial closures, and authorities have urged commuters to follow the diversion plan until the bridge work is complete.Read more