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1 hour ago
BEST has approved the transfer of its Dharavi and Kalakilla bus depots in Mumbai for the Dharavi Redevelopment Project, facilitating the handover of 11.58 acres of land. The decision enables project developer Navbharat Mega Developers Pvt Ltd (NMDPL) to proceed with redevelopment plans while maintaining bus operations through temporary facilities. The depots will eventually be replaced by new multi-storey transport hubs. The move removes a key operational hurdle for the INR 96,000 crore Dharavi Redevelopment Project currently underway.Read more
2 hours ago
• The extended section of the Mrinaltai Gore flyover in Mumbai is set to open on June 6, improving connectivity in the western suburbs.
• The project aims to streamline traffic movement in Goregaon and reduce congestion on key arterial routes.
• Officials expect significant reduction in travel time for commuters using the upgraded corridor.
• The upgraded infrastructure is also expected to ease peak-hour bottlenecks by diverting vehicular load from surrounding internal roads.Read more
6 hours ago
• The Maharashtra government has formally taken ownership of Mumbai’s iconic Air India Building at Nariman Point through a completed acquisition worth INR 1,601 crore.
• The transaction involves the transfer of the 23-storey sea-facing commercial structure from Air India Assets Holding Limited to the state government.
• The acquisition is aimed at addressing the state’s office space constraints by consolidating multiple government departments under one centrally located facility.
• The move follows approvals from the Centre and the state cabinet, with funds already transferred and agreement formalities completed in early June 2026.Read more
18 hours ago
03 Jun 2026
Amazon Data Services India has acquired a 10.6-acre land parcel in Mumbai Metropolitan Region from Lodha Developers for more than INR 125 crore to expand its data centre footprint. The transaction was completed in Ambernath, near the company’s existing data centre campus, and forms part of Amazon’s broader infrastructure expansion strategy in India. The acquisition comes amid rising demand for hyperscale data centres driven by cloud computing, digital services and artificial intelligence-related infrastructure requirements.Read more
03 Jun 2026
Mumbai Metropolitan Region Development Authority (MMRDA) is progressing a series of transport infrastructure projects aimed at improving mobility across Mumbai and its suburban regions. These include the operational Mumbai Monorail network, Metro Line 2B, ongoing improvements to the Santacruz-Chembur Link Road (SCLR), and the Golden Nest Flyover in Mira-Bhayandar. Together, the projects are expected to enhance multimodal connectivity, reduce travel times, ease congestion on key corridors and support the region’s growing residential and commercial hubs. The initiatives form part of MMRDA’s broader strategy to create an integrated transport network across the Mumbai Metropolitan Region.Read more
03 Jun 2026
• Suraj Estate Developers, through its wholly owned subsidiary Iconic Property Developers, has signed an MoU to acquire development rights for a 2,941 sq m land parcel in Mahim (West), Mumbai.
• The acquisition involves a consideration of INR 75 crore and concerns land adjoining the company's ongoing commercial project, Suraj One Business Bay.
• Following amalgamation with the existing development, the parcel is expected to generate an additional saleable carpet area of around 1.50 lakh sq ft.
• The expanded project is estimated to have a gross development value (GDV) of about INR 800 crore, taking the combined GDV of Suraj One Business Bay to more than INR 2,000 crore.
• The transaction is expected to strengthen Suraj Estate's commercial pipeline in South-Central Mumbai and reinforce its presence in the Mahim micro-market.Read more
03 Jun 2026
The Brihanmumbai Municipal Corporation (BMC) is set to reissue its tender for a city-wide smart parking system after the earlier bidding process failed to attract suitable participants. Revised conditions include the removal of property tax liabilities for operators of public parking facilities and changes to financial eligibility norms. The PPP-based project aims to introduce an integrated digital parking network across Mumbai, incorporating real-time occupancy tracking, online reservations, sensors, video analytics and automated access systems to improve parking management.Read more
03 Jun 2026
The Chembur station on Mumbai Metro Line 2B has received safety clearance from the Commissioner of Metro Rail Safety (CMRS), clearing a key hurdle for operationalising the long-awaited Metro–Monorail interchange in eastern Mumbai. The approval is expected to facilitate seamless transfers between Metro Line 2B, the Mumbai Monorail and the suburban rail network, strengthening multimodal connectivity in the Chembur area. The development comes after a series of inspections, safety audits and integration works undertaken by project authorities, with the interchange expected to improve accessibility and support higher ridership across the corridor.Read more
03 Jun 2026
• Western Railway has completed the launch of 19 steel girders for a new 12-metre-wide foot overbridge at Marine Lines station as part of station upgrade works.
• The operation was carried out during a scheduled overnight traffic and power block using heavy lifting equipment and a large workforce to minimise disruption to suburban services.
• The new bridge is expected to improve passenger circulation, reduce congestion on platforms and enhance commuter safety at one of Mumbai’s busiest suburban stations.Read more
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03 Jun 2026
02 Jun 2026
• The Brihanmumbai Municipal Corporation (BMC) has received interest from 13 institutions for its maiden INR 1,000 crore green bond issuance process.
• The current stage involves selection of a merchant banker to structure and manage the proposed bond issue.
• The green bond is expected to finance environment-focused urban infrastructure projects in Mumbai, strengthening sustainable financing frameworks for civic development.
• The strong participation indicates institutional confidence in municipal bond-led funding mechanisms as urban local bodies explore diversified capital-raising avenues.
• The initiative marks a key step in BMC’s efforts to tap capital markets for infrastructure development.Read more
02 Jun 2026
• The Supreme Court has ruled that the Navi Mumbai Municipal Corporation (NMMC) is the competent authority to levy and collect property tax in the Thane Trans Creek (TTC)-MIDC industrial area.
• The judgment brings an end to a legal dispute that has been ongoing for more than two decades between industrial associations and civic authorities over taxation powers in the corridor.
• The ruling clarifies the distinction between municipal taxes and service charges collected by the Maharashtra Industrial Development Corporation (MIDC), while also addressing the applicability of tax exemptions in the industrial belt.
• The decision is expected to pave the way for recovery of substantial pending property tax dues from industrial units operating in the region.Read more
02 Jun 2026
The Brihanmumbai Municipal Corporation (BMC) demolished around 150 residential and commercial structures in Mulund’s Amar Nagar and Khindipada areas to clear land for the Goregaon-Mulund Link Road (GMLR) project. Civic authorities said the action followed a rehabilitation survey conducted in 2022, under which eligible residents were allotted rehabilitation flats in Kanjurmarg. Several affected residents, however, alleged errors in the eligibility survey and claimed they were excluded from rehabilitation benefits despite residing in the area for years.Read more
02 Jun 2026
• The Maharashtra Housing and Area Development Authority (MHADA) has identified 82 buildings across Mumbai as highly dangerous ahead of the monsoon season and has initiated precautionary measures for resident safety.
• The structures have been categorised under the ‘C-1’ classification, indicating that they are unsafe for habitation and require evacuation or demolition.
• Notices have been issued to residents and occupants, while coordination has been initiated with civic authorities, police and disaster management agencies.
• The exercise forms part of Mumbai’s annual pre-monsoon structural safety review aimed at reducing risks associated with ageing and dilapidated buildings.
• Authorities have urged occupants to vacate unsafe premises as heavy rainfall conditions are expected to increase structural vulnerability during the monsoon months.Read more
02 Jun 2026
Mumbai’s Slum Rehabilitation Authority (SRA) has identified 19 large slum clusters across the city for redevelopment under Maharashtra’s newly introduced cluster redevelopment policy for plots exceeding 50 acres. The projects include major sites in Andheri West, Govandi, Mankhurd, Wadala and Vikhroli, with the largest covering nearly 100 acres near Gilbert Hill in Andheri. The scheme aims to integrate slums, old buildings and unusable land parcels into large-scale redevelopment projects through joint ventures, tenders and government-led implementation models.Read more
02 Jun 2026
• Residential markets across several coastal cities are witnessing a shortage of ready and under-construction 3BHK apartments amid sustained demand for larger homes.
• Developers and property consultants have reported rising preference for spacious residences among end-users, particularly in premium and upper mid-segment housing projects.
• Demand has been driven by changing household requirements, hybrid work patterns and growing preference for lifestyle-oriented residential developments.
• Limited availability of suitably configured units has led developers to recalibrate project launches towards larger apartment formats in key coastal markets.
• The trend is being observed across major coastal real estate destinations where housing demand has remained resilient despite rising property prices and construction costs.Read more
02 Jun 2026
Residents of Parijat Sadan, a nearly five-storey cessed building in Girgaon, Mumbai, have continued to face severe water shortages and low water pressure for more than a year despite repeated complaints to civic authorities. The Brihanmumbai Municipal Corporation (BMC) had earlier recommended replacement and expansion of the building’s water pipeline, while the Maharashtra Housing and Area Development Authority (MHADA) stated that approvals for the proposed work remain pending. Residents alleged that rapid redevelopment and the emergence of high-rise towers in the locality have worsened water distribution for older buildings dependent on ageing infrastructure. The issue has disrupted daily routines for over 40 families, with residents claiming that intermittent water supply and weak pressure have particularly affected senior citizens living in the building.Read more
02 Jun 2026
01 Jun 2026
• The BMC will impose an INR 3 crore penalty on contractor Larsen & Toubro after two workers died at a Coastal Road Phase 2 casting yard.
• The accident occurred earlier this month at a gantry crane platform in Bhayander West linked to the Mumbai Coastal Road project.
• A probe by VJTI identified multiple safety lapses, including inadequate structural support and insufficient safety systems.
• Civic authorities have ordered corrective measures and initiated wider safety audits across project construction sites.Read more
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