SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Mumbai

Kerala convict on the run arrested near CSMT in Mumbai

15 Apr 2026

A Kerala murder convict who escaped custody last year has been arrested in Mumbai after months on the run. The accused, Vinish, had fled from a hospital where he was undergoing treatment and travelled across cities before reaching Mumbai. To avoid detection, he lived as a ragpicker, frequently changing locations and blending into crowded areas. Acting on a tip-off, the Railway Protection Force tracked and apprehended him near CSMT after a brief chase. Kerala Police have taken custody following legal formalities, bringing an end to a multi-agency search operation that lasted several months.Read more

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Maharashtra's slum cluster redevelopment scheme targets rehabilitation of seven lakh residents across Mumbai

Mumbai News Desk

15 Apr 2026

The Maharashtra government is advancing a slum cluster redevelopment scheme in Mumbai aimed at rehabilitating nearly seven lakh slum dwellers through integrated housing projects. The initiative, reviewed during a recent meeting of the Slum Rehabilitation Authority (SRA), seeks to address stalled and unviable redevelopment projects while improving living conditions in densely populated areas. Authorities are in the process of identifying eligible slum clusters for redevelopment under a structured framework aligned with the state housing policy. The scheme is designed to promote large-scale redevelopment by aggregating land parcels and enabling better infrastructure planning. Additional approvals, including funding allocations for select projects and administrative restructuring within the SRA, were also discussed as part of efforts to streamline implementation and accelerate execution.Read more

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Lodha Elaris

15 Apr 2026

Mumbai City, India

Lodha Elaris offers premium 4 & 4.5 BHK residences (1927+ sq ft carpet) with expansive decks in a lush 5-acre township featuring mangroves, 2.5-acre central garden, and 20+ tree species. Amenities include infinity pool, world-class gym, clubhouse, tree houses, temples, sports courts, and kids' zones, with prime connectivity to LBS Marg, Vikhroli station (0.7 km), and Eastern Express Highway. New launch tower with possession Dec 2030

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Mumbai civic body plans AI-driven system to streamline real estate approvals and reduce processing timelines

Mumbai News Desk

14 Apr 2026

The Municipal Corporation of Greater Mumbai (MCGM) is preparing to introduce an artificial intelligence-based system to modernise real estate approval processes and reduce administrative delays. The initiative, outlined recently, aims to automate key stages of project clearances, minimise manual intervention and improve transparency in decision-making. The proposed framework will use data-driven tools to expedite compliance checks and standardise approval procedures, addressing long-standing concerns over delays in construction permissions. The move forms part of Mumbai's broader push towards digital governance and ease of doing business in the real estate sector. By improving turnaround times and procedural clarity, the system is expected to support developers, enhance regulatory efficiency and strengthen the city's investment environment.Read more

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Runwal Westwind Heights

14 Apr 2026

Mumbai City, India

Runwal Westwind Heights in Khar West offers premium 2 & 3 BHK apartments with spacious layouts and modern European-inspired architecture. Located near Bandra-Kurla Complex, it provides excellent connectivity, top amenities like infinity pool and clubhouse, ideal for upscale Mumbai living.

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Maharashtra approves acquisition of BSNL and MTNL land in Borivali for PMAY housing project worth INR 729 crore

13 Apr 2026

The Maharashtra government has approved the acquisition of 28.84 acres of land owned by BSNL and MTNL in Borivali, Mumbai, for developing affordable housing under the Pradhan Mantri Awas Yojana. The land, located at Gorai and Shimpoli, will be acquired at ready reckoner rates for INR 729 crore. The project is expected to deliver over 1,000 housing units. The decision was taken at a meeting of the Maharashtra Housing Development Authority chaired by Chief Minister Devendra Fadnavis. The move forms part of the state's efforts to utilise public land parcels for affordable housing development in high-density urban areas.Read more

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Equinix opens fourth Mumbai data centre as NOCIL and DBS Foundation announce investments and grants

13 Apr 2026

Equinix has expanded its presence in Mumbai with the launch of its fourth data centre, investing USD 95 million to strengthen digital infrastructure capacity. The facility adds over 1,370 cabinets, supporting growing demand for cloud and data services. In a separate development, NOCIL has commissioned a new rubber chemicals plant in Dahej with an investment of INR 250 crore, aimed at boosting domestic supply and exports. Meanwhile, DBS Foundation has announced grants of up to INR 1.75 crore for three Indian enterprises working across healthcare, employment, and social impact sectors, highlighting continued institutional support for innovation.Read more

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Bombay High Court directs MMRDA to refund INR 646 crore to Reliance Industries

Mumbai News Desk

13 Apr 2026

The Bombay High Court has directed the Mumbai Metropolitan Region Development Authority (MMRDA) to refund INR 646 crore to Reliance Industries Limited in a major ruling linked to a long-standing dispute over a commercial development project at Bandra Kurla Complex in Mumbai. The court has set aside penalty and demand notices issued by the authority, observing that the recovery action lacked legal backing and was applied in an arbitrary manner. It further noted inconsistency in extension benefits granted to similar projects, leading to unequal treatment, and ordered the refund within a fixed timeframe with interest applicable on delay.Read more

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Bombay High Court upholds Altamount Road redevelopment, dismisses PIL challenge

Mumbai News Desk

13 Apr 2026

The Bombay High Court has upheld the redevelopment approval for a 16-storey residential building on Altamount Road in Mumbai and dismissed a public interest litigation challenging the project. The court observed that the petition did not demonstrate genuine public interest and appeared to question permissions already granted and implemented. It accepted submissions that approvals were issued in accordance with applicable Development Control Regulations and planning norms. The court further noted that the building was already completed and found no procedural irregularity, reinforcing limited scope of judicial interference in such matters.Read more

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Kumar The Presidence

13 Apr 2026

Mumbai City, India

Kumar The Presidence by Kumar Corp offers 1, 2, 3 & 4 BHK apartments (596-1720 sq ft) across a boutique 0.2-acre development with just 28 premium units. Features essential amenities like 24x7 water supply, sewage treatment plant, rainwater harvesting, and landscaped gardens; prime location near top schools (Podar International) and hospitals (Surya).

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Short circuit leads to minor fire at Mumbai airport terminal 1, operations remain unaffected

Mumbai News Desk

12 Apr 2026

A fire incident took place at Chhatrapati Shivaji Maharaj International Airport's Terminal 1 in Mumbai during the evening of April 9 after a short circuit occurred in an electrical section of a three-storey structure near the 1-B Circle area. The fire was quickly detected and brought under control by the Mumbai Fire Brigade along with the airport's emergency response team. Authorities confirmed that the fire remained minor in nature, no casualties were reported, and flight operations were not affected. As a precaution, some electrical systems were briefly shut and safety checks were carried out.Read more

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Nearly 14,000 hutments around Gilbert Hill to undergo cluster redevelopment in Mumbai

Mumbai News Desk

12 Apr 2026

A large-scale redevelopment is being planned for nearly 14,000 hutments spread across over 100 acres around Gilbert Hill in Andheri West. The proposal focuses on rehabilitating residents living in informal settlements through a cluster-based approach. The plan aims to improve housing conditions, address safety concerns near the heritage structure, and provide better infrastructure. Authorities have also linked the move to earlier efforts to protect the geological site and manage encroachments. The project is expected to bring more organised development to the area while ensuring eligible residents are accommodated.Read more

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Mumbai crosses 100 km metro network, moves ahead of Bengaluru

12 Apr 2026

Mumbai's metro network has crossed the 100 km mark after the addition of new stretches on Lines 9 and 2B, helping the city overtake Bengaluru to become India's second-largest metro network. The expansion has improved connectivity in Thane and eastern suburbs. Bengaluru now stands third with around 96 km, with delays in key lines affecting its pace of growth. While Mumbai has seen faster execution in recent years, Bengaluru continues to work on multiple upcoming corridors, which are expected to significantly expand its network over the next two years.Read more

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BMC to launch AI-based approval system to speed up real estate clearances in Mumbai

Mumbai News Desk

11 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) is preparing to introduce an artificial intelligence (AI)-driven facility aimed at improving ease of doing business in Mumbai's real estate sector. The system is designed to streamline civic approvals by integrating multiple processes into a single digital platform, reducing manual intervention and improving transparency. It will support real-time tracking, document verification, and compliance checks through AI tools. The initiative is expected to reduce approval timelines and enhance efficiency for developers, architects, and consultants, while also improving investor confidence in the city's real estate ecosystem.Read more

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Manori desalination plant clears CRZ stage, awaits final central approval

Mumbai News Desk

10 Apr 2026

Mumbai's proposed desalination plant at Manori has received conditional Coastal Regulation Zone clearance from the state authority and is now awaiting final approval from the central environment ministry. Planned by the BMC, the project will convert seawater into drinking water with an initial capacity of 200 MLD, expandable to 400 MLD. Estimated at around INR 11,166 crore, the project includes tunnels and distribution systems. While key approvals are in place, environmental safeguards and concerns raised by local fishing communities remain important before construction begins.Read more

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BMC reduces tree loss significantly in revised Malabar Hill reservoir plan

Mumbai News Desk

10 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) has reduced the number of trees affected in the Malabar Hill reservoir project from 389 to 76 after revising its plan. The move follows strong opposition from residents and environmental groups over the impact on green cover near Hanging Gardens. The civic body has now adopted a phased repair approach for the ageing reservoir and proposed a 52 MLD alternative tank to maintain water supply during the work. While the revision addresses key concerns, residents continue to question the need for additional construction in the area.Read more

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Shapoorji Pallonji Nine Arcs

10 Apr 2026

Mumbai City, India

Shapoorji Pallonji Nine Arcs offers premium 2, 3 & 4(Jodi) BHK residences (700-1600 sq ft carpet) in a boutique G+14 tower on 0.5 acres near WEH, Santacruz East. Features elegant European neo-classical design, clubhouse, pool, gym, landscaped gardens; 350m from Santacruz station, 600m from metro, 2.4km from airport.

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Superb Realty partners with Praan to deploy AI-based air purification across Mumbai projects

09 Apr 2026

Superb Realty has partnered with deep-tech firm Praan to install AI-powered air purification systems across more than 1 million sq ft of its developments in Mumbai. The deployment will begin with its commercial project Superb Altura and later extend to upcoming residential and mixed-use developments. The move reflects a growing focus on indoor environmental quality as a factor influencing asset value, occupant productivity and health outcomes. The collaboration also highlights a broader shift in the real estate sector towards integrating technology-driven and wellness-focused solutions into urban developments.Read more

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BMC moves ahead with INR 455 crore Worli plot auction amid probe into earlier project

Mumbai News Desk

09 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) has decided to auction a prime Worli land parcel with a base price of INR 455 crore, while an inquiry continues into an earlier INR 600 crore redevelopment proposal for a civic testing laboratory on the same site. The earlier tender was cancelled multiple times due to alleged irregularities and cost concerns. Under the revised plan, the selected developer can build residential or commercial projects while providing a new laboratory facility to the BMC. The move has raised concerns over eligibility criteria and timing of approvals.Read more

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Bombay High Court upholds INR 1 lakh compensation for demolition without due notice

Mumbai News Desk

09 Apr 2026

The Bombay High Court has upheld an order directing the Maharashtra Housing and Area Development Authority to pay INR 1 lakh compensation to a Jogeshwari resident whose structure was demolished without prior notice. The ruling affirms a decision by the Maharashtra State Human Rights Commission, which found that the demolition violated procedural safeguards despite the structure being unauthorised. The court reiterated that the right to shelter forms part of Article 21 of the Constitution and cannot be taken away without due process. The case pertains to a tenement in Oshiwara, Mumbai, removed during a redevelopment-linked clearance exercise. The judgment reinforces the requirement for civic authorities and housing agencies to follow statutory notice procedures before undertaking demolition actions.Read more

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