11 Mar 2025

The Navi Mumbai Municipal Corporation (NMMC) has launched Abhay Yojana, offering a 50% concession on late penalty charges for property tax defaulters who clear their dues between March 10-31, 2025. However, only full payments qualify for the discount. Amidst ongoing legal action against defaulters, NMMC has also introduced the Bharat Bill Payment System (BBPS) to simplify tax payments. Citizens can now pay via UPI, online banking, debit/credit cards, and mobile wallets through the NMMC website and mobile app. A 24/7 helpline (022-62531727) has been set up for assistance. These initiatives aim to boost tax collection, improve transparency, and enhance civic administration.Read more

11 Mar 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has inaugurated a state-of-the-art double-decker flyover in Mira Bhayander, aiming to revolutionise urban mobility. This innovative infrastructure integrates Metro Line-9 with road transport, featuring a shared pier structure-a first in transit solutions. Spanning approximately 1 kilometre, the flyover is designed to alleviate traffic congestion by bypassing major bottlenecks and enhancing connectivity. It boasts advanced safety features, including reinforced concrete anti-crash barriers, reflective signage, and superior lighting. Part of the ambitious Metro Line-9 project, this flyover exemplifies next-generation urban transport planning, ensuring both efficiency and safety.Read more

11 Mar 2025

The Navi Mumbai International Airport (NMIA) is progressing towards its mid-May commercial launch, marked by the release of the Aeronautical Information Publication Supplement (AIPS) by the Airports Authority of India (AAI). The AIPS has identified approximately 225 obstacles around the airport, and these are being looked into. Airlines such as Air India and IndiGo are preparing to initiate services at NMIA, with phased transitions planned to ensure a smooth shift of domestic operations. Developed jointly by Adani Airport Holdings Limited (AAHL) and the City and Industrial Development Corporation of Maharashtra (CIDCO), NMIA aims to alleviate congestion at Mumbai's current international airport CSMIA. Future plans include a dedicated VVIP terminal by 2030.Read more

10 Mar 2025

Tesla has secured showroom spaces in Mumbai and Delhi, marking a major step in its India expansion. The Mumbai showroom is in Maker Maxity, BKC, spanning 3,000 sq. ft. at a monthly rent of INR 35 lakh, potentially setting a record in the auto sector. In Delhi, Tesla's 4,000 sq. ft. showroom in Aerocity is leased at INR 25 lakh per month from Brookfield. These moves follow Elon Musk's discussions with PM Narendra Modi, highlighting Tesla's growing interest in India's auto market. With hiring underway, Tesla's official market entry seems imminent.Read more

10 Mar 2025

Chief Minister Shri Devendra Fadnavis recently reviewed the ongoing and proposed infrastructure projects of the Brihanmumbai Municipal Corporation (BMC), amounting to INR 2 lakh crore. He instructed officials to accelerate progress and ensure timely completion. Deputy Chief Minister Shri Eknath Shinde suggested the establishment of a helipad along the coastal road, potentially on a temporary jetty near Worli Dairy. Key directives included a 1,200-vehicle parking facility at Haji Ali, integration of artificial intelligence in drain cleaning, and finalisation of tenders for crucial projects within a month. BMC informed that 2,000km of Mumbai's roads will be concretised, making 80% pothole-free.Read more

10 Mar 2025

The Brihanmumbai Municipal Corporation (BMC) has reiterated its commitment to halting road excavations as the monsoon season nears. Municipal Commissioner Bhushan Gagrani had earlier announced the suspension of road excavations until ongoing concretisation projects are completed. The directive has been communicated to civic officials, with citizens encouraged to report any violations. BMC has set a deadline for all pending concretisation work by May 31, 2025, ensuring that no new roads will be dug up after February 22, 2025. To improve transparency, BMC has introduced QR codes at project sites, providing citizens with real-time updates. Meanwhile, civic authorities are working to expedite completion, with the first phase expected to be finished by December this year and the second by December next year.Read more

07 Mar 2025

Bollywood actor Shakti Kapoor has sold his Juhu apartment for INR 6.11 crore, as per property registration documents. The 881 sq. ft. apartment in Silver Beach Heaven Co-operative Society was bought by Bengaluru-based Satish Venkatesh and Archana Taneja. The transaction was registered earlier this week, with a stamp duty of INR 36.66 lakh. This sale follows Kapoor and his daughter Shraddha Kapoor's recent purchase of a luxury apartment worth INR 6.24 crore in Piramal Mahalaxmi South Tower, Mumbai. Juhu remains a top choice for Bollywood celebrities, offering premium amenities and strong connectivity.Read more

07 Mar 2025

Mumbai Metro Rail Corporation Limited (MMRCL) is looking to monetize land parcels in Byculla, Marol, Mahim, and Dharavi totaling around 12,491 square meters. These plots, located along the Mumbai Metro Line 3 route, could be developed through joint ventures, public-private partnerships (PPPs), or direct sales. The program is consistent with MMRCL's objective to optimize land usage and produce revenue for metro construction. Previously, MMRCL sought to auction a 4.2-acre site in Nariman Point, but the offer was withdrawn due to the Reserve Bank of India's (RBI) interest in purchasing the land. Financial bids for the next effort are anticipated this week, with advisors overseeing the process to guarantee the best use of these sites.Read more

06 Mar 2025

The Bombay High Court recently inquired whether the state government had disbursed INR 3.12 lakh in compensation to a landowner for property acquired by the Brihanmumbai Municipal Corporation (BMC) for road widening in Mulund. The matter stemmed from a petition based on a letter by 96-year-old Laxmi Adhav, who sought enforcement of the court's directives from a judgment issued in September 2005. While BMC claimed compliance, Adhav contended that her land was acquired in three phases-1957, 1968, and 1972. However, the court found no records supporting the 1957 claim. Compensation directives were issued for portions acquired in 1968 and 1972.Read more

06 Mar 2025

The Supreme Court has dismissed an appeal filed by residents against the Slum Rehabilitation Authority (SRA) notice, thereby clearing the path for the redevelopment of the Bharat Nagar slum in Bandra (East). The SRA had surveyed 2,965 slum structures, finding 2,625 eligible for rehabilitation. The appellants had contested the redevelopment, claiming the plot fell under Maharashtra Housing and Area Development Authority (MHADA) jurisdiction, but their plea was repeatedly dismissed at various levels. The Supreme Court upheld the earlier decisions, noting that the appellants were merely transit tenants, and ruled that the appeals lacked merit. It was also observed that a majority of eligible slum dwellers had already agreed to the redevelopment, making the project legally and procedurally valid.Read more

06 Mar 2025

In a significant move towards gender equality and financial security for women, the Slum Rehabilitation Authority (SRA), Brihanmumbai, has issued a circular mandating the inclusion of both husband and wife's names in Annexure-II of the Slum Rehabilitation Scheme. This directive, based on the Maharashtra Slum Areas (Improvement, Clearance, and Redevelopment) Act, 1971, aims to ensure joint ownership of homes allotted under the scheme, benefiting numerous slum dwellers. The circular highlights the importance of joint property registration to safeguard women's rights, especially in cases of marital disputes or the demise of a spouse. Authorities have been instructed to implement the circular promptly to ensure compliance across rehabilitation societies.Read more

06 Mar 2025

Mumbai Indians captain Rohit Sharma has rented out his 1,298 sq. ft. luxury apartment in Lodha Marquise, Lower Parel, for INR 2.6 lakh per month. The flat, co-owned with his father, was purchased in 2013 for INR 5.46 crore. A second unit in the same complex was leased in October 2024 for INR 2.65 lakh monthly. Rohit also owns a 6,000 sq. ft. apartment in Ahuja Towers, Worli, worth INR 30 crore. Lower Parel and Worli remain prime real estate markets due to their connectivity and high rental yields, making them attractive for luxury investors and tenants alike.Read more

06 Mar 2025

The Slum Rehabilitation Authority (SRA) is inviting consultants to submit sealed bids for a structural assessment and repair monitoring of a G+16 rehabilitation building in Vikhroli, Mumbai. The project includes adding three more floors, an overhead water tank, and a lift machine room. The selected consultant will conduct visual inspections, non-destructive tests, and provide a detailed repair report. Bids must be submitted by the deadline, with results announced the same day. The consultant must complete the work within 30 days while ensuring safety and quality standards. The project aims to enhance the building's structural integrity and compliance with regulations.Read more

05 Mar 2025

The Dharavi Redevelopment Project has commenced with construction on Matunga West railway land, aiming to rehabilitate thousands. Navbharat Mega Developers Pvt Ltd is building railway offices and staff quarters, alongside future tenements for Dharavi residents and others. The project has secured significant land parcels, including railway and dairy land, with plans to utilize salt pan and Deonar dumping ground land. A master plan by Hafeez Contractor will integrate residential, commercial, and industrial spaces, resettling approximately 0.7 million residents. Despite challenges, the project, a joint venture between the Maharashtra government and the Adani Group, seeks to transform Dharavi.Read more

05 Mar 2025

Former Kotak Mahindra Bank CEO Uday Kotak has made Mumbai's most expensive real estate purchase, acquiring Shiv Sagar at Worli Sea Face for INR 202 crore at a record-breaking INR 2.71 lakh per sq ft. The 7,418 sq ft property surpasses previous highs on Altamount Road (INR 2.25 lakh per sq ft) and Bhulabhai Desai Road (INR 2.09 lakh per sq ft). This marks another major acquisition for the Kotak family, who previously bought Champagne House next door. Mumbai's luxury real estate sector continues to thrive, with ultra-high-net-worth individuals driving record-breaking transactions despite rising costs.Read more

Saifee Burhani Upliftment Trust (SBUT)

05 Mar 2025

Bhendi Bazaar, a historic South Mumbai neighbourhood, is undergoing a large-scale redevelopment by the Saifee Burhani Upliftment Trust (SBUT) to address infrastructure challenges while preserving its cultural and economic essence. The project, one of India's largest cluster redevelopments, aims to replace dilapidated structures with modern residential and commercial complexes featuring improved sanitation, ventilation, and open spaces. Additionally, sustainable urban design elements such as rainwater harvesting and energy-efficient systems have been integrated. The initiative ensures that small businesses thrive by providing upgraded commercial spaces, maintaining market accessibility, and enhancing pedestrian infrastructure. By prioritising community engagement and cultural preservation, SBUT's transformation of Bhendi Bazaar serves as a model for structured, inclusive urban renewal.Read more