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

Ruparel Premia

29 May 2025

Mumbai City, India

Ruparel Group

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Mumbai Metro gears up for the monsoon with robust safety and service measures

29 May 2025

The Maha Mumbai Metro Operation Corporation Limited (MMMOCL) has implemented a comprehensive monsoon preparedness strategy for Metro Lines 2A and 7 to maintain uninterrupted services and ensure commuter safety throughout the season. Under the leadership of MMRDA Chairman and Deputy CM Shri Eknath Shinde, Chief Minister Shri Devendra Fadnavis, and Metropolitan Commissioner Dr. Sanjay Mukherjee, the initiative includes technical inspections, safety reinforcements, infrastructure upgrades, and real-time monitoring. Field-level execution has also been strengthened with nodal officers, dewatering pumps, traffic management personnel, and a dedicated monsoon control room functioning round-the-clock.Read more

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Temasek and ADIA to invest USD 300 million in Indian healthtech firm Micro Life

29 May 2025

Temasek Holdings and Abu Dhabi Investment Authority (ADIA) are planning to invest approximately USD 300 million in Micro Life Sciences, a Warburg Pincus-backed healthtech firm, ahead of its initial public offering. The investment will be made through a combination of primary and secondary share sales, valuing the company at over USD 1.8 billion. Micro Life Sciences, a part of the Gujarat-based Bialkha Group, operates in diverse segments of the medical devices and consumables market, with a strong presence in India and overseas.Read more

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Bombay High Court rules in favor of restricting tribal land transfers to non-agricultural use

29 May 2025

In a significant move, the Bombay High Court upheld rules that restrict the transfer of tribal agricultural land to non-tribals, reinforcing legal provisions that have existed for over two decades. The court ruled that these rules, rooted in the Maharashtra Land Revenue Code, are valid and designed to protect the interests of tribals. The verdict came after a challenge questioning the constitutionality of a clause in the Maharashtra Land Revenue Code, 1966, and its later amendments, especially those made in 1975. The ruling maintains that only non-agricultural use is permissible in tribal-to-non-tribal land transfers, a move the court found both legally and socially justified.Read more

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Arkade Views

28 May 2025

Mumbai City, India

Arcade Group

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Mumbai's slum redevelopment projects attract interest from top developers

28 May 2025

Mumbai's slum rehabilitation push has drawn interest from around 50 leading developers following the BMC's call for Expressions of Interest (EOI) for 64 redevelopment projects on municipal lands under DCPR 2034 Regulation 33(10). Major players like Adani Realty, Rustomjee, Wadhwa Group, and JSW Realty participated in a pre-bid meeting to discuss BMC's 32 redevelopment conditions. Key concerns included unclear data on eligible slum households and rigid land reservations. BMC assured developers that these issues would be reviewed. With incentives such as up to 4 FSI, fungible FSI, and TDRs, the initiative reflects growing industry confidence and marks a major step in Mumbai's urban renewal efforts.Read more

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BMC urges residents in vulnerable slum zones to relocate as monsoon nears

28 May 2025

Amid pre-monsoon conditions and the looming onset of the rainy season, the Brihanmumbai Municipal Corporation (BMC) issued an urgent appeal earlier this week, urging slum dwellers in landslide-prone areas such as Vikhroli and Ghatkopar to move to safer locations. This directive comes after repeated warnings from civic officials and follows a pattern of landslide-related incidents recorded in recent years. With monsoon-related disasters, including landslides and house collapses, historically impacting hillside settlements, BMC's renewed focus highlights the growing risks and the need for preventive relocation in identified high-risk zones across the city.Read more

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Arkade Vistas

27 May 2025

Mumbai City, India

Arcade Group

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BMC launches aquifer mapping project to boost Mumbai's groundwater management

27 May 2025

The Brihanmumbai Municipal Corporation (BMC) has initiated an aquifer mapping project along the Mithi river basin to enhance groundwater management. The initiative, launched earlier this week, will be carried out over 18 months with assistance from the Central Ground Water Board (CGWB). The project aims to assess groundwater availability, quality, and recharge potential using satellite data, soil testing, and geophysical studies. As part of the city's larger water sustainability plan, this effort will inform future decisions on water resource conservation and urban flood mitigation.Read more

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Central Railway dismantles final 1920s-era overhead line portal, upgrades to modern system

27 May 2025

Central Railway (CR) has dismantled the last British-era overhead line (OHE) portal near Vidyavihar, signalling a major step in Mumbai's railway modernisation. Installed nearly a century ago during the early electrification phase, the steel portal stood as a reminder of the region's 1,500 V DC railway system. The structure was removed during a night block as part of CR's ongoing upgrade to 25 kV AC electrification. The shift reflects a broader push to modernise suburban railway infrastructure, improving safety, efficiency, and compatibility with current systems.Read more

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Denim and sneaker fest kicks off at Nexus Seawoods Mall just in time for vacation shopping

27 May 2025

Nexus Seawoods Mall in Navi Mumbai recently launched its Denim & Sneaker Fest, running from earlier this week through mid-June. This festival celebrates two of fashion's most enduring favourites denims and sneakers bringing together an extensive range of products from leading international and domestic brands. Shoppers have the opportunity to update their wardrobes with the latest styles from top labels such as Levi's, Nike, Puma, and many others, making it ideal for vacation preparations and back-to-campus shopping. The event also includes engaging Shop & Win contests, special offers, and giveaways, adding an extra layer of excitement for visitors of all ages.Read more

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Navi Mumbai brings tax bills to doorsteps with self-help group women on delivery mission

27 May 2025

In a citizen-friendly move, Navi Mumbai Municipal Corporation (NMMC) initiated home delivery of property tax bills for the financial year 2025-26, appointing women from registered self-help groups as temporary municipal representatives. Starting earlier this week, these women began distributing bills and collecting updated contact details from property owners and tenants for digitisation purposes. The Corporation is pushing for seamless tax-related communication through digital channels. Residents are urged to treat the women with courtesy and provide accurate data such as names, mobile numbers, and email IDs. This step aligns with NMMC's broader digital governance agenda.Read more

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MMRDA approves second Metro station in Dharavi under Metro 11 extension

27 May 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has decided to establish a second Metro station in Dharavi as part of the Metro 11 corridor extension, connecting Wadala to the Chhatrapati Shivaji Maharaj Terminus (CSMT). This strategic addition is expected to significantly enhance connectivity and support redevelopment efforts in Dharavi, turning it into a key interchange hub between Metro Lines 3 and 11. With the realignment, the corridor will serve as a critical north-south link, easing congestion and offering better access to major transit points including the Bandra-Kurla Complex (BKC), Navi Mumbai, and the airport.Read more

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Ruparel Stardom

26 May 2025

Mumbai City, India

Ruparel Group

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MHADA steps in to revive 15-year-old stalled South Mumbai redevelopment project

26 May 2025

The Maharashtra Housing and Area Development Authority (MHADA) has taken control of the long-delayed redevelopment of the Parvati Building in South Mumbai. Approved back in 2013, the project remained incomplete due to failed developer appointments and non-payment of rent to displaced tenants. Earlier this week, MHADA informed the Supreme Court of its decision to proceed under Section 91-A of the MHADA (Amendment) Act, 2020. The agency will now manage the redevelopment directly and ensure interim housing or rental compensation for affected residents, potentially setting a precedent for other stalled projects across the city.Read more

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Rustomjee 180 Bayview

23 May 2025

Mumbai City, India

Rustomjee

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Mumbai to host GS1 General Assembly 2025, focusing on future-ready supply chains

23 May 2025

GS1 India is set to host the GS1 General Assembly 2025 in Mumbai, scheduled for the coming week. The three-day event will bring together over 250 global leaders, including representatives from the GS1 Management Board and Chairpersons and CEOs from 118 member organisations. With the theme 'Building Bridges for a Better Tomorrow,' the assembly will focus on the launch of GS1 Vision 2030, which outlines the strategic direction for global supply chains to become more digital, resilient, and sustainable. Attendees will discuss the impact of emerging technologies like AI and Blockchain and the transition to next-generation barcodes under the Ambition 2027 initiative.Read more

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BMC issues show-cause notice to Mithun Chakraborty over unauthorized constructions in Malad

23 May 2025

Bollywood veteran Mithun Chakraborty has been served a show-cause notice by the Brihanmumbai Municipal Corporation (BMC) concerning alleged unauthorized constructions at his Malad property near Erangal beach. The notice, issued under the Mumbai Municipal Corporation Act, 1888, cites two ground-floor structures with mezzanine levels and three temporary units constructed without proper permissions. Chakraborty has refuted these allegations, asserting that every part of his property is legally constructed. This incident is part of BMC's broader crackdown on illegal structures in the area, with over 100 identified for demolition.Read more

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Violent land dispute in Mumbai's Agripada leads to arrest of 41 security guards

23 May 2025

A longstanding land ownership conflict in South Mumbai's Agripada area escalated earlier this week, leading to a violent standoff between security teams representing a real estate firm and a pharmaceutical company. The confrontation, marked by stone pelting, pepper spray, and gunfire, resulted in the arrest of 41 guards from the pharma firm's security agency. Police intervened swiftly, registering an FIR and placing the arrested individuals under custody. The incident reflects growing tensions surrounding high-value land in the city amidst ongoing legal disputes.Read more

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MMRDA signs INR 1,500 crore loan deal for Ramabai and Kamraj Nagar redevelopment in Ghatkopar

23 May 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has secured a INR 1,500 crore loan from Bank of Maharashtra to kickstart the redevelopment of Ramabai Ambedkar Nagar and Kamraj Nagar in Ghatkopar. This marks the first financial closure under MMRDA's INR 8,498 crore Slum Rehabilitation Authority (SRA) project and its first direct involvement in slum redevelopment at this scale. Backed by Chief Minister Devendra Fadnavis and Deputy CM Eknath Shinde, the project aims to transform dense informal settlements into dignified residential zones. With a funding mix of institutional loans and internal revenues, MMRDA plans to deliver inclusive, sustainable redevelopment and set a model for future urban renewal efforts.Read more

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