38 minutes ago

Scandinavian Airlines (SAS) is set to resume regular services between India and Scandinavia with five weekly non-stop flights connecting Mumbai and Copenhagen. The service, scheduled to begin in October, will be operated using a 226-seat Airbus A330 and will restore the airline’s direct presence in India after its earlier withdrawal from the market. SAS had initially planned to restart the route earlier this year, but its inaugural flight was forced to return to Copenhagen because the required final regulatory approval had not been secured. The renewed service is expected to improve direct connectivity for business and leisure travellers.Read more

3 hours ago

Around 1,500 people were evacuated from Aayakar Bhavan on Maharshi Karve Road in south Mumbai after a fire broke out in the Income Tax Department building on August 17. The blaze originated in the basement of the multi-storey government office, triggering a large-scale emergency response. Mumbai Fire Brigade personnel, along with police, BEST, ambulance services and civic officials, were deployed at the site. Firefighting and evacuation operations continued as authorities worked to contain the blaze and ensure the safety of people inside the building. No injuries were reported.Read more

4 hours ago

The Bombay High Court has directed Maharashtra’s Food and Drug Administration (FDA) to pay INR 5 lakh to Pune-based Gurunanak Dairy and Sweets after the regulator kept the shop’s licence suspended despite a subsequent inspection finding 98 per cent compliance. The court allowed the establishment to resume operations and criticised the FDA for continuing the suspension after the compliance report. The shop had approached the court claiming losses of INR 8.74 lakh following its closure in June. The court said the regulator’s food-safety objective was commendable but its action had gone beyond what was warranted.Read more

4 hours ago

The reopening of Mumbai’s Monorail is likely to be delayed further as the Mumbai Metropolitan Region Development Authority (MMRDA) seeks additional safety checks and has yet to finalise an evacuation plan for passengers in case a train becomes stranded. The Chembur–Sant Gadge Maharaj Chowk corridor has remained shut for nearly a year and has already undergone safety testing and received clearance from the Commissioner of Metro Rail Safety. However, MMRDA wants further inspection of the elevated corridor and additional safeguards before passenger services resume. The authority has not announced a revised reopening date.Read more

7 hours ago

K Hospitality Corp's restaurant platform, Charcoal Concepts, and UK-based The Restaurant Group have formalised a joint venture to expand the pan-Asian dining chain Wagamama across India. The partnership targets at least 100 outlets over the next ten years and was announced alongside the opening of Wagamama's fourth Indian restaurant in Mumbai. One report places the investment at INR 550 crore. The move builds on the brand's debut Indian outlet in Churchgate, Mumbai, which opened roughly a year earlier and outperformed initial expectations, prompting the scaled-up partnership.Read more

11 hours ago

Navi Mumbai International Airport (NMIA) has received its first international freighter, marking another step in the expansion of its cargo operations. The Hong Kong Air Cargo-operated Airbus A330-200F arrived from Hong Kong carrying around 60 tonnes of import and export shipments. The carrier will operate three weekly services, resulting in six weekly cargo air traffic movements between the two cities. NMIA is also preparing for 13 additional freighter services connecting it with major markets across Asia, Europe and West Asia. The expansion comes as cargo operations at Mumbai airport face a planned suspension of dedicated freighter flights.Read more

Mumbai News Desk

14 hours ago

The Brihanmumbai Municipal Corporation’s Improvement Committee has approved the lease of about 15 acres of reclaimed land at the former Mulund dumping ground to Navbharat Mega Developers Pvt Ltd, the special purpose vehicle implementing the Dharavi Redevelopment Project. The five-year lease will allow the company to establish a casting yard, precast element manufacturing facility and ready-mix concrete plant for the redevelopment works. The proposal had earlier faced objections over environmental and civic concerns, but was cleared by the panel on August 14 following further consideration. The BMC is expected to receive about INR 103.47 crore in gross rent.Read more

Mumbai News Desk

15 hours ago

The Brihanmumbai Municipal Corporation’s Improvement Committee has approved a 30-year lease of about 25,543 sq m of its Century Mills land in Lower Parel to Peddar Realty Ltd for redevelopment at a consideration of INR 1,321 crore. The agreement includes an option to extend the lease by another 30 years. The proposal concerns an existing mill workers’ colony comprising 23 buildings, 476 residential tenements and 10 shops. Eligible occupants are to be rehabilitated as part of the redevelopment. The approval faced opposition from Shiv Sena (UBT) and Congress members over the terms and proposed use of the civic land.Read more

18 Aug 2026

Lodha Developers plans to launch 21 housing projects by March 2027, with an estimated revenue potential of INR 24,000 crore, as the developer prepares a larger project pipeline across key markets. The company’s planned launches include seven new projects spanning 5.9 million sq. ft. across the Mumbai Metropolitan Region, Delhi-NCR, Pune and Bengaluru, with a combined revenue potential of INR 9,850 crore. It will also introduce new phases across 14 existing projects covering 9.7 million sq. ft. and carrying an estimated revenue potential of INR 14,210 crore. The planned launches are intended to support the company’s INR 24,000-crore sales bookings target for FY2026-27. Lodha recorded sales bookings of INR 4,630 crore in the April-June quarter, while net profit doubled year-on-year to INR 1,373.1 crore.Read more

18 Aug 2026

Actor Ajay Devgn and his mother, producer Veena Devgan, have leased a bungalow in Mumbai’s Juhu for five years, with the total rental value estimated at INR 10.61 crore. The property, located in Kapol Co-operative Housing Society, has a built-up area of around 7,803 square feet. The monthly rent starts at INR 16 lakh and will increase by 5% every year, reaching about INR 19.45 lakh in the fifth year. The registered agreement also includes an INR 48 lakh security deposit, with stamp duty and registration charges paid as part of the transaction.Read more

17 Aug 2026

Mumbai’s Santacruz-Chembur Link Road (SCLR) network has been fully opened, strengthening east-west connectivity between the city’s western and eastern suburbs. The completed network is expected to reduce travel times for commuters by up to 35 minutes on key routes and improve access to major arterial roads. The development was inaugurated along with the Chembur Metro station, while work on other major transport projects also advanced. The expanded road network is expected to ease pressure on congested corridors and improve connectivity towards Chembur, BKC and surrounding suburban areas.Read more

17 Aug 2026

Mumbai One, the common mobility application developed by the Mumbai Metropolitan Region Development Authority (MMRDA), has crossed 1 crore cumulative ticket transactions, with 1,04,11,824 tickets booked across public transport services in the Mumbai Metropolitan Region (MMR). Launched in October 2025, the platform has recorded 8,16,402 downloads in about 10 months, with Android users accounting for 74% and iOS users for 26%. Metro services have generated the largest share of transactions, followed by suburban railway and municipal bus services. The platform currently connects 11 public transport operators and services through a single digital ticketing interface.Read more

17 Aug 2026

Traffic movement around Juhu Circle and adjoining parts of Andheri West was disrupted after a crane deployed for Mumbai Metro Line 2B construction developed a technical problem. The breakdown affected a busy road junction and resulted in congestion for commuters travelling through the area. The incident occurred amid ongoing elevated metro construction, where heavy equipment is being used along existing road corridors. The disruption highlights the traffic-management challenges involved in executing large transport projects in densely developed parts of Mumbai, where construction activity and everyday road movement have to operate alongside each other.Read more

17 Aug 2026

Aditya Birla Real Estate reported a consolidated net loss of INR 34.59 crore for the quarter ended June 30, 2026, widening 27.7% from INR 27.08 crore in the year-ago period. Consolidated total income, however, rose 30.7% year-on-year to INR 205.72 crore. The company’s real estate arm, Birla Estates, recorded segment revenue of INR 171.99 crore, compared with INR 130.26 crore a year earlier. During the quarter, Birla Estates also entered the Navi Mumbai redevelopment market through a Vashi project, while the company continued its transition towards a predominantly real estate-focused business.Read more

17 Aug 2026

Maharashtra Chief Minister Shri Devendra Fadnavis inaugurated a set of infrastructure projects aimed at improving road and public transport connectivity across Mumbai and the Mumbai Metropolitan Region. The projects include the final BKC-Vakola arm of the Santacruz-Chembur Link Road Phase-2, Chembur Metro station on Metro Line 2B and the second tunnel boring machine for the Thane-Borivali twin-tunnel road project. The state government also highlighted the planned procurement of 238 air-conditioned suburban train rakes and the expansion of Mumbai’s Metro network as part of efforts to improve mobility and support the city’s growing passenger demand.Read more

17 Aug 2026

Mumbai’s transport network is set for another connectivity boost with the progress of Metro Line 2B and the Santa Cruz-Chembur Link Road (SCLR) strengthening links between the city’s eastern and western corridors. Metro 2B’s extension towards Chembur is expected to improve connections with existing metro, suburban rail and monorail networks, while the SCLR provides an important road link towards the Bandra-Kurla Complex and eastern suburbs. Together, the projects are expected to improve travel options, reduce pressure on key road corridors and support smoother movement across densely populated parts of Mumbai.Read more

17 Aug 2026

Indiqube Spaces reported its highest-ever quarterly revenue of INR 428 crore in the first quarter of FY27, up 37 per cent year-on-year, while its net loss under Ind AS narrowed 35 per cent to INR 23.88 crore, from a loss of around INR 37 crore in the corresponding quarter last year. EBITDA rose 34 per cent to INR 87 crore, with margins holding steady at 20 per cent. The managed workspace operator's area under management grew 22 per cent year-on-year to 10.61 million square feet across 137 centres in 17 cities, with steady-state occupancy improving to 90 per cent.Read more

17 Aug 2026

NITI Aayog Member Rajiv Gauba said land supply and urban planning reforms are critical to expanding affordable housing in Indian cities, urging states and municipal authorities to unlock land and ease development norms. Addressing the National Conference on Affordable Housing Reforms in New Delhi, organised by the Ministry of Housing and Urban Affairs, Gauba said city master plans had constrained rather than expanded land availability for affordable housing. A joint NITI Aayog-MoHUA report proposes measures including reserving at least 10 per cent of residential land for affordable housing zones, raising permissible floor area ratio, and promoting transit-oriented development.Read more