Mumbai News Desk

08 Jan 2026

Former Mumbai mayor and three term corporator Kishori Pednekar is actively campaigning for the ongoing Brihanmumbai Municipal Corporation (BMC) elections, focusing on her previous work and direct engagement with voters in Ward 199. Representing the Shiv Sena (UBT), she highlighted her role during the COVID 19 pandemic and efforts on local civic issues, including water supply and MHADA cluster redevelopment, to strengthen trust with residents. Pednekar faces competitors from Shiv Sena (Shinde), BSP and Vanchit Bahujan Aghadi. Her campaign underscores continuity in civic governance and local development priorities.Read more

Mumbai News Desk

08 Jan 2026

Promoters of Mumbai-based pharmaceutical firm Ideal Cures, Suresh Pareek and Veena S Pareek, have acquired two adjoining luxury apartments in Worli for a total of INR 190.1 crore. The units, located on the 43rd floor, have a combined RERA carpet area of around 12,114 sq ft and include 10 dedicated car parking spaces. Each apartment comes with spacious balconies and terraces. The purchase, registered late last month, reflects continued interest from business families in large-format premium homes despite limited new supply and high pricing in central Mumbai's luxury real estate market.Read more

Mumbai News Desk

08 Jan 2026

The Railway Land Development Authority (RLDA) has received a bid of INR 1,368 crore from Dineshchandra R Agrawal Infracon for the redevelopment of the nearly six-acre Supari Baug colony in central Mumbai's Parel area. The land is being offered under a revenue share model with a 99-year lease. The effective reserve price was set at INR 1,343 crore after carving out INR 390 crore for the rehabilitation of the existing railway colony. The single bid will undergo technical and financial evaluation, while authorities may consider re-tendering to attract more competition.Read more

07 Jan 2026

Allcargo Terminals Ltd has increased the capacity of its container freight station near Jawaharlal Nehru Port in the Mumbai Metropolitan Region to 3.6 lakh TEUs annually, up from 1.90 lakh TEUs. The expansion includes a 25 per cent rise in warehousing space, dedicated zones for special and over-dimensional cargo, and RTG-enabled yard operations. The move is part of the company's three-year strategy focused on scale, digitisation, and infrastructure, while supporting growing EXIM trade volumes and JNPT's long-term capacity goals.Read more

06 Jan 2026

Alliance City Developers Realtors Pvt. Ltd. has received MahaRERA approvals for two premium residential projects 22 Alliance House and Alliance Tanvi located in Vile Parle East, Mumbai. Although not mandated, the developer opted for voluntary RERA registration, reinforcing its commitment to transparency and customer confidence. The approvals mark a key milestone as the company strengthens its presence in one of Mumbai's most sought-after residential hubs. Both projects offer thoughtfully designed homes with modern amenities, strong connectivity, and lifestyle-focused planning. The approvals also complement Alliance City Developers broader growth plans, with three major projects scheduled for possession in 2026.Read more

06 Jan 2026

Sri Lotus Developers and Realty Ltd has secured a redevelopment project in the Lokhandwala area of Andheri in Mumbai, as disclosed earlier in the week by Reuters. The announcement reflects the company's continued focus on redevelopment work in the city's western suburbs, where it has built a strong presence over the past decade through multiple residential and commercial projects. This new engagement adds to its pipeline following a high profile IPO and other ongoing developments in premium areas like Juhu and Versova. The signing signals ongoing investor confidence in Sri Lotus's strategy and execution capabilities in Mumbai's competitive real estate market.Read more

06 Jan 2026

Mumbai's real estate market posted its strongest performance in over 14 years in calendar 2025, with property registrations crossing the 1.5-lakh mark, underlining sustained end-user demand and market resilience. A total of 150,254 properties were registered across the Mumbai municipal region during the year, reflecting a 6 per cent rise over 2024. Stamp duty collections surged 11 per cent year-on-year to INR 13,487 crore, highlighting the depth of transaction activity. December maintained the momentum with over 14,400 registrations. Industry leaders attribute the robust performance to buyer confidence, stable policies, improved affordability and a wide range of housing options.Read more

06 Jan 2026

Navi Mumbai Municipal Corporation carried out an intensive road-cleaning drive on the busy Sion-Panvel Highway as part of its ongoing efforts to improve air quality and reduce road dust. The campaign focused on deep cleaning of carriageways and footpaths using mechanised brushing, removal of accumulated soil and washing of roads with treated water through jetting spray systems. Alongside the highway stretch from Vashi to Belapur, several major internal roads across the city were also covered. The regular and sustained initiative aims to curb dust pollution, enhance road hygiene and improve overall urban air quality across Navi Mumbai.Read more

06 Jan 2026

S Raheja concluded 2025 with the sale of an ultra-luxury penthouse at its Evergreen project on Perry Road, Bandra, for INR 62.81 crore. Registered on December 15, 2025, the transaction highlights sustained demand for rare, high-value residences in Mumbai's prime luxury micro-markets. The penthouse spans a RERA carpet area of 4,583 sq. ft., translating to an effective price of approximately INR 1.37 lakh per sq. ft. Acquired by members of the Singh family, founders of Alkem Laboratories, the deal underscores the continued preference among India's business elites for bespoke, low-density homes in established neighbourhoods.Read more

06 Jan 2026

City and Industrial Development Corporation (CIDCO) has achieved its first-ever tunnel breakthrough in the Hetawane Water Supply Scheme at Shaft 4 in Wahal village, Navi Mumbai. Executed by Afcons Infrastructure Ltd, 5.52 km of the 8.7 km treated water tunnel under Package 1 is completed, overcoming geological and operational challenges. The scheme, including 13.25 km of raw water and 15.4 km of treated water tunnels, aims to raise the city's water capacity from 150 million litres per day (MLD) to 270 MLD. Completion is expected ahead of schedule, supporting urban growth.Read more

06 Jan 2026

The Ministry of Railways has approved the addition of third and fourth lines on the Badlapur Karjat suburban section under the Mumbai Urban Transport Project 3B (MUTP 3B), following clearance from the Cabinet Committee on Economic Affairs and agreement from the Maharashtra government. Spanning 32.46 km and covering six stations, the project is estimated at INR 1,324 crore, with funding shared equally between the Railways ministry and the state government. Executed by the Mumbai Railway Vikas Corporation (MRVC), the project will require around 37.79 hectares of land and aims to reduce congestion, improve train scheduling, and support both suburban and freight operations.Read more

Mumbai News Desk

05 Jan 2026

Residents of Jogeshwari West are actively urging candidates in the upcoming civic elections to address the ongoing noise pollution from the Hindu Hriday Samrat Balasaheb Thackeray flyover. The flyover, partially open since 2015 and running close to homes, exposes locals to constant traffic noise. Despite repeated appeals to the civic body and a legal notice sent to the BMC commissioner, no noise barriers have been installed. Residents are now focusing on candidates who commit to resolving this issue along with other civic concerns like potholes, water supply, and sewage.Read more

05 Jan 2026

Parents of Alkem Laboratories founder purchased a premium penthouse in Bandra West for INR 63 crore, marking the highest price for a non sea facing apartment in the area. The 4,583 sq ft unit in S Raheja's Evergreen tower comes with private terraces and a double height living room. The purchase, completed with stamp duty and registration charges, reflects the continuing demand for luxury homes in established Mumbai neighbourhoods. Industry experts note the property's proximity to the sea and redevelopment background adds to its premium appeal.Read more

Mumbai News Desk

03 Jan 2026

The Bombay High Court reprimanded Maharashtra Housing and Area Development Authority (MHADA) officials for improperly halting redevelopment plans for two Pune housing societies, Sunglory and Nutan, in Sadashiv Peth. The bench noted that the officers misinterpreted a remark from the state Chief Minister as an official stay order. While the Sunglory society's no-objection certificate (NOC) remains valid, MHADA has been directed to decide on Nutan's pending proposal promptly. The court also disapproved political interference from a local MLA, emphasizing that such actions have no legal standing and must not delay redevelopment.Read more

Mumbai News Desk

03 Jan 2026

Mumbai's property market recorded a significant milestone as registrations in the municipal region rose 6 per cent over the last calendar year to 150,231 units, the highest level in 14 years. Data analysed by Knight Frank India showed strong performance within city limits, supported by steady end-user demand. Registrations in the final month of the year also increased sharply, with residential properties forming the bulk of transactions. The data covers both primary and secondary markets, reflecting broad-based housing activity across Mumbai.Read more

Mumbai News Desk

02 Jan 2026

Realty firm The House of Abhinandan Lodha (HoABL) has sold 1,419 apartments worth around INR 640 crore in the first phase of its housing project The Great Western in the Mumbai Metropolitan Region, highlighting strong demand for affordable homes. Developed in partnership with Mittal Builders at Naigaon, the project attracted over 8,800 applications, far exceeding available units. One-bedroom homes were priced at INR 32.9 lakh and two-bedroom units at INR 49.9 lakh. The company conducted the entire booking and allotment process online and plans to launch the second phase in February.Read more