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26 Dec 2025
Brookfield Properties has entered into a built-to-suit lease agreement with JPMorganChase to develop a new office tower of around 1.3 million sq ft in Powai, Mumbai. The project will come up on a six-acre land parcel recently acquired by a Brookfield Asset Management private real estate fund and will be developed in collaboration with the Mumbai Metropolitan Region Development Authority and a venture partner. Designed as a state-of-the-art workplace, the facility is expected to consolidate several JPMorganChase teams currently spread across Mumbai. The office tower is scheduled for completion by 2030, reinforcing India's growing stature as a global capability centre hub.Read more
26 Dec 2025
Navi Mumbai Municipal Commissioner Dr Kailas Shinde has directed developers to strictly implement air and noise pollution control measures at construction sites to improve the city's air quality. Addressing a special meeting of developers and architects, he emphasised compliance with the municipal corporation's standard operating procedures issued in line with High Court directions. The civic body has proposed measures such as installation of CCTV cameras and air quality displays at sites, expansion of air quality monitoring stations, stricter dust control norms and penalties for violations. Non-compliance may lead to stoppage of work or cancellation of construction permissions.Read more
26 Dec 2025
The Brihanmumbai Municipal Corporation has issued revised guidelines to curb selective demolitions and fragmented road widening across Mumbai. The new framework standardises and digitises no-objection certificates for road-related demolitions, ensuring widening work is carried out in complete, connected stretches. It also sets clear rules for rehabilitating affected properties, offering resettlement with additional Floor Space Index where applicable. The guidelines require timely start of roadworks after demolitions, backed by approved budgets and tenders. By defining road priorities, limiting project scope, and improving inter-departmental coordination, the BMC aims to improve transparency, protect residents rights, and deliver smoother, more efficient urban road infrastructure.Read more
26 Dec 2025
25 Dec 2025
A study team from the Indore Municipal Corporation recently visited Navi Mumbai as part of an inter-city knowledge exchange under the Swachh Survekshan Super Swachh League , which includes cities consistently ranked among India's cleanest. During the two-day visit, the delegation reviewed key civic, environmental, healthcare and recreational projects and praised Navi Mumbai's use of modern technology, sustainable practices and innovative urban planning. From advanced waste management systems and textile recycling to healthcare initiatives, green redevelopment projects and public amenities, the team noted that Navi Mumbai offers a strong model for planned, technology-driven and citizen-centric urban development.Read more
25 Dec 2025
Ahead of the Navi Mumbai Municipal Corporation General Elections 2025-26, political parties and candidates have been mandated to obtain pre-certification before broadcasting or publishing any advertisements on electronic media. The move aims to ensure strict adherence to the Model Code of Conduct and compliance with guidelines issued by the State Election Commission. A Municipal-Level Media Certification and Monitoring Committee has been constituted to scrutinise and approve proposed advertisements across television, radio, social media, digital platforms and other electronic channels. The elections are scheduled to be held on January 15, 2026, and all stakeholders have been urged to follow the prescribed procedures to ensure free, fair and transparent elections.Read more
25 Dec 2025
Industry leaders from India's construction and real estate sectors gathered in Mumbai for the fifth edition of the Saifee Burhani Expo (Construction 360), a three-day event focused on sustainable, inclusive and future-ready urban development. Inaugurated by Maharashtra Vidhan Sabha Speaker Shri Rahul Narwekar, the expo highlighted innovation, collaboration and long-term infrastructure planning aligned with the vision of a & Viksit Bharat by 2047. Through panel discussions, expert addresses and technology showcases, participants emphasised the need to shift from metro-centric, unchecked growth towards decentralised development, climate-responsive design, safety, sanitation infrastructure and deeper adoption of sustainability frameworks across the construction value chain.Read more
25 Dec 2025
24 Dec 2025
Navi Mumbai Municipal Corporation (NMMC) has achieved a significant milestone in sustainable waste management with compost produced from the city's wet waste receiving the Maharashtra government's state-registered Harit MahaCity Compost brand. The recognition authorises NMMC to market and sell its organic manure under an official green label that complies with state waste management rules and Fertiliser Control Order (FCO) standards. Developed to promote compost derived from urban wet waste, the brand reinforces Navi Mumbai's standing in the Super Swachh League of India's cleanest cities. The initiative supports landfill reduction, soil enrichment and sustainable agriculture, while strengthening the city's circular economy framework.Read more
24 Dec 2025
In a move aimed at improving efficiency and transparency in land administration, the District Collectors of Mumbai City and Mumbai Suburban held a joint meeting with leading real estate associations to address long-standing procedural challenges. The discussion focused on simplifying royalty applicability, reducing approval delays, avoiding duplication of physical surveys, and ensuring uniform practices across both jurisdictions. Emphasising SOP-driven reforms, the Collectors expressed commitment to coordinated governance and time-bound implementation. Industry bodies welcomed the collaborative approach, highlighting its potential to enhance ease of doing business while strengthening regulatory clarity. A steering committee will be formed to translate discussions into actionable, on-ground reforms.Read more
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24 Dec 2025
After years of planning and execution, the greenfield Navi Mumbai International Airport is set to commence commercial operations from Thursday, marking a major milestone in Maharashtra's infrastructure landscape. The airport is expected to ease congestion at the existing Mumbai airport, reduce travel time, and act as a catalyst for tourism and large-scale investments across the region. With 30 air traffic movements planned on the first day, the new facility strengthens Mumbai's multi-airport ecosystem. Featuring iconic architecture, sustainable design and strong multimodal connectivity, the airport is poised to drive economic growth across Navi Mumbai, Thane, Pune and the Konkan region.Read more
24 Dec 2025
The Mumbai second edition of the DLC Guide 2025 concluded with an industry-led evaluation of restaurants, hotels and bars based on operational excellence and guest experience. Founded by Jimmy Mistry under the Della Leaders Club, the guide follows an independent, audit-driven framework inspired by global benchmarks. The edition recognised select dining venues, Fairmont Mumbai in the hotel category, and Sixteen33 among bars. Supported by a diverse professional panel, the platform has expanded across five countries and nine cities within 18 months, assessing over 99 establishments worldwide.Read more
24 Dec 2025
23 Dec 2025
22 Dec 2025
IIT-Bombay researchers have reviewed proposed changes to the housing component of CPI, welcoming the base year update to 2024 but raising concerns over monthly data collection for all dwellings. The paper favors the existing six-month panel method, noting that visiting all 25,000 dwellings monthly would increase costs, burden respondents, and risk data quality. While supporting some proposals like rural inclusion and excluding employer-provided dwellings, the authors stress that flaws in the current index are addressable with better data use. Experts back the view, highlighting inefficiency of monthly collection.Read more
22 Dec 2025
Keystone Realtors is gearing up to launch a super luxury residential project in Bandra, Mumbai, with a GDV of around INR 3,000 crore. The company has recorded property sales of INR 1,839 crore in the first half of the fiscal year, a 40 per cent increase annually, and aims to achieve INR 4,000 crore in bookings. Keystone plans four more project launches in the second half of the year, investing INR 950 crore in construction. Strong demand in MMR and reduced home loan rates are expected to support continued sales growth.Read more
22 Dec 2025
21 Dec 2025
Actor Madhuri Dixit Nene and her husband, Dr Shriram Madhav Nene, have sold their residential apartment in Juhu, Mumbai, for INR 3.90 crore, according to property registration records. The apartment, measuring around 780 sq ft, is located in Deep Varsha Co-operative Housing Society on Military Road. The buyer, a woman, benefited from Maharashtra's 1% stamp duty concession for women homebuyers, paying INR 19.5 lakh in stamp duty. The couple also sold a parking space in the same society for INR 15 lakh on the same day. Juhu remains a sought-after residential locality, known for its premium appeal, coastal access and strong demand among high-net-worth individuals and film industry professionals.Read more
21 Dec 2025
The Maharashtra government has approved a state-level committee to address encroachments across Mumbai and the Mumbai Metropolitan Region's heritage sites. Chaired by the Cultural Affairs Minister, the panel includes ministers and senior officials from departments such as revenue, tourism, public works, forests, and urban development. The committee will supervise district-level committees, release funds for conservation, and preserve over 390 state-protected monuments and 145 temples, including August Kranti Maidan, Dharavi Fort, and Jejuri's Khandoba temple. The initiative expands prior efforts focused on forts, aiming to ensure long-term preservation, public access, and cultural tourism growth.Read more
21 Dec 2025
A premium bungalow property on Linking Road in Santacruz West has been sold for INR 164 crore, making it one of the significant high-value residential land deals in Mumbai's western suburbs. Known as Dwarka Bungalow, the plot spans about 13,629 sq ft and includes an old ground-plus-one structure. The buyer, ZYJ Estates LLP, is linked to luxury real estate developers, with the acquisition driven largely by redevelopment potential. Santacruz West continues to attract such transactions due to limited land availability, strong connectivity and proximity to Bandra Kurla Complex. The deal highlights sustained demand for prime redevelopment plots in established luxury residential micro-markets.Read more
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