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When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
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Stay ahead in the world of real estate with our daily podcas...
09 Apr 2025
Greater Chennai Corporation (GCC) will introduce new Construction and Demolition (C&D) waste management guidelines from April 21. Minor waste can be disposed of free at 15 designated locations, while waste generators with 1-20 tonnes must arrange disposal or use GCC services for INR 2,500 per tonne. Bulk waste generators (20-300 tonnes) must transport waste to designated processing centers with a processing fee of INR 800 per tonne. Fines will be imposed for illegal dumping, with penalties up to INR 5,000 for non-compliance and INR 25,000 for improper disposal during large-scale projects.
09 Apr 2025
The National Stock Exchange (NSE) has acquired an additional plot, C-82 in Bandra-Kurla Complex (BKC), Mumbai, for INR 758.09 crore from MMRDA to expand its operations. The newly allotted 5,500 sq. meter plot will support the construction of a 22,000 sq. meter built-up area. This move is part of NSE's broader plan to enhance its presence in Mumbai's financial hub and align with global regulatory standards. The expansion will include administrative offices and data centers, adding to the exchange's existing facilities at G Block, which houses NSE's headquarters and regulatory infrastructure.
09 Apr 2025
The BMC is seeking clearance to cut over 60,000 mangrove trees for the northward extension of Mumbai's Coastal Road project. This extension, covering approximately 9.6 km from Versova to Dahisar, is expected to ease traffic congestion in the western suburbs. While the BMC has pledged to replant mangroves and conduct compensatory afforestation, environmentalists have flagged serious concerns over ecological damage. The extension will connect major arterial roads like the Link Road, SV Road, and Western Express Highway, significantly reducing travel time for commuters in northwestern Mumbai.
08 Apr 2025
The Mumbai Metropolitan Region Development Authority (MMRDA) has approved the allocation of a 3,400.59 sq. m. plot in Bandra-Kurla Complex (BKC) to the Maharashtra Pollution Control Board (MPCB) for the construction of its administrative building, Paryavaran Bhawan. The decision, made during MMRDA's 159th Authority Meeting, chaired by Deputy Chief Minister Shri Eknath Shinde, aligns with MMRDA's sustainable urban development goals. The lease, granted for 80 years, includes a lease premium of INR 468.60 crore. MPCB has been provided with a flexible payment schedule, allowing 25% of the premium to be paid within two months and the remaining 75% over ten months. The new administrative building aims to enhance MPCB's operational efficiency and strengthen Maharashtra's environmental governance.Read more
08 Apr 2025
The proposed passenger jetty and terminal near Radio Club in Colaba, backed by a INR 229 crore allocation from Maharashtra Deputy Chief Minister Shri Ajit Pawar, has triggered strong resistance from local residents. Concerns revolve around the potential destruction of the 500-metre-long Gateway promenade, a heritage precinct listed under Mumbai's Development Control Regulations. Locals fear the project will disrupt the environmental and historical fabric of the area and worsen traffic congestion. An online petition titled 'Save Colaba: Stop the Jetty Project' has gained traction, while legal experts stress the necessity of complying with heritage preservation norms.
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08 Apr 2025
The Mumbai Metropolitan Region Development Authority (MMRDA) is advancing efforts to integrate the city's suburban rail and metro systems by constructing a network of foot overbridges (FOBs). These will connect suburban railway stations at Pant Nagar, Vikhroli, Bhandup, and Ram Mandir with metro lines, and also link key locations like Aarey Metro Station to Oberoi Mall and Goregaon (East) metro station to Nirlon Knowledge Park. A new FOB was opened in March between Devipada Metro Station and Oberoi Skycity Mall. MMRDA is also collaborating with the Walking Project in Vile Parle to enhance access to educational institutions as Metro Line 2B progresses. Estimated at INR 129 crore, these projects aim to improve multimodal travel across Mumbai.
08 Apr 2025
Nearly 40% of the six-lane Ulwe Coastal Road-spanning 6.7 km from Amra Marg to the Atal Setu (MTHL) junction at Shivajinagar-has been completed, with CIDCO pushing ahead on this key infrastructure project. The INR 1,591 crore road project, which includes an elevated airport link of 0.903 km, is integral to ensuring seamless connectivity to the upcoming Navi Mumbai International Airport. CIDCO aims to complete the work by September 2026, with significant financial allocations made in the current and upcoming fiscal years.
08 Apr 2025
In a pioneering move, the forest department has successfully restored a four-hectare buried mangrove stretch near Vashi railway station, marking the first such initiative in the Mumbai Metropolitan Region (MMR). The effort involved removing debris dumped at Survey Number 17 in Vashi village. Environmentalists, including NatConnect Foundation and Sagar Shakti, welcomed the move and proposed developing a mangrove walk zone to raise public awareness. They urged Navi Mumbai Municipal Corporation (NMMC) to consider establishing its planned Mangrove Park at this restored site, which offers easier execution and minimal ecological disruption.
08 Apr 2025
The Jawaharlal Nehru Port Authority (JNPA) and Nhava Sheva International Container Terminal (NSICT), operated by DP World, have reached a resolution in a 20-year-old tariff dispute. Originating in 2005, the conflict centred around royalty recovery, with NSICT claiming approximately INR 2,653 crore. A compromise has now been reached, fixing INR 705 crore as a recoverable amount through future volume-based royalty discounts. This arrangement requires NSICT to boost cargo volumes to avail the concessions. The port expects the deal to enhance throughput, safeguarding JNPA's revenues and reinforcing NSICT's operational potential under its existing 30-year concession.
07 Apr 2025
A study by Pani Haq Samiti (PHS) and the University of Mumbai has evaluated the effects of the Brihanmumbai Municipal Corporation's (BMC) Water for All policy, launched in 2022, on slum dwellers. The findings indicate significant improvements in residents' access to water, health, and financial burdens. However, despite 14,000 approvals out of 16,000 applications, only 7,043 legal connections have been provided. Experts highlight systemic biases and persistent challenges, such as low pressure and contamination. BMC aims to expand water connections while reducing non-revenue water losses, which currently account for 30% of the supply in Indian cities.
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