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

Bombay High Court has ruled that future TDR prospects cannot stall deemed conveyance

1 hour ago

• The Bombay High Court has upheld the right of housing societies in Vile Parle to obtain deemed conveyance despite a developer's objections linked to possible future TDR benefits.
• The court held that speculative development rights arising from future land acquisition cannot be used as grounds to delay conveyance obligations.
• Judges observed that developers cannot indefinitely postpone transfer of land by citing potential future FSI or redevelopment opportunities.
• The ruling reinforces housing societies' rights under MOFA and clarifies the limits of a developer's claim over future development potential.
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MMRDA gets first major boost as 160 farmers back Third Mumbai

Mumbai News Desk

2 hours ago

More than 160 farmers and landowners in Raigad district have consented to land acquisition for MMRDA’s proposed Third Mumbai project. The acquisition covers 124 villages across Uran, Panvel and Pen talukas within the 323.44 sq km Karnala-Sai-Chirner New Town area. Landowners are being offered compensation through cash, TDR, FSI or developed land. The project is planned near major infrastructure assets including Navi Mumbai International Airport and Atal Setu, with MMRDA leading the development process.Read more

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BMC plans pumping station to curb flooding at Mankhurd subway

6 hours ago

The Brihanmumbai Municipal Corporation (BMC) plans to build a mini pumping station at the Maharashtra Nagar subway in Mankhurd to address recurring monsoon flooding that disrupts traffic and connectivity. The low-lying underpass frequently experiences waterlogging during heavy rainfall, prompting repeated closures and diversions. BMC has initiated the tendering process for the project, which is intended to improve stormwater drainage, reduce flood-related disruptions and strengthen monsoon resilience at one of the eastern suburb’s chronic flooding hotspots.Read more

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Mumbai hospitality sector reduces water demand as city manages supply constraints

Mumbai News Desk

11 hours ago

Hotels across Mumbai have introduced water conservation measures as the city faces concerns over water availability and reservoir levels. Several establishments have suspended jacuzzi operations, regulated laundry services and encouraged guests to reduce linen and towel replacement frequency. The measures form part of broader efforts to curb consumption and ease pressure on urban water infrastructure. Industry stakeholders are also monitoring water use across hotel operations while supporting civic initiatives aimed at managing demand and conserving available water resources.Read more

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Goodwill Zen 16

20 hours ago

Mumbai City, India

Goodwill Zen 16 is a premium residential project in Mahim, Mumbai, offering thoughtfully designed homes with modern amenities for comfortable urban living. Located in one of Mumbai’s well-connected central neighborhoods, it provides convenient access to schools, hospitals, markets, railway stations, and major business hubs.

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Shahu Nagar residents seek halt to eviction drive amid rehabilitation concerns

23 Jun 2026

• Residents of Shahu Nagar in Dharavi have sought a stay on eviction notices issued as part of the Dharavi Redevelopment Project, citing concerns over rehabilitation arrangements.
• Residents have demanded written assurances regarding permanent housing, rehabilitation timelines and relocation terms before vacating their homes.
• Civic authorities and project officials have stated that relocation is necessary for redevelopment work and have offered transit accommodation and rental assistance.
• The issue has triggered discussions between residents, public representatives and authorities as concerns over housing security and rehabilitation continue to dominate the redevelopment process.
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Mumbai clears removal of 1,080 trees for MMRDA corridor and major redevelopment projects

23 Jun 2026

Mumbai’s Tree Authority has approved the removal of 1,080 trees for three infrastructure and redevelopment projects, including MMRDA’s Chedda Nagar–Anand Nagar elevated corridor, MHADA’s Motilal Nagar redevelopment and a redevelopment scheme in Bandra. Of the affected trees, several will be transplanted while others will be felled based on project requirements. The approvals follow site inspections and technical reviews, allowing transport and urban renewal projects to move forward across key suburban locations.Read more

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Mumbai advances Tilak Bridge replacement project to expand capacity across Dadar rail corridor

23 Jun 2026

Mumbai is progressing the construction of a six-lane cable-stayed bridge at Dadar to replace the nearly 100-year-old Tilak Bridge. The INR 375 crore project, being executed by BMC and MRIDC, will provide a higher-capacity east-west road connection across railway tracks in central Mumbai. Developed in phases to maintain traffic movement, the twin-bridge structure is designed to address structural concerns and improve corridor capacity. The project forms part of Mumbai’s broader programme to modernise ageing transport infrastructure.Read more

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Air India Express to launch inaugural international service from Navi Mumbai airport to Abu Dhabi

23 Jun 2026

Air India Express is set to commence international operations from Navi Mumbai International Airport (NMIA) with a direct service to Abu Dhabi, marking a significant milestone for the airport's expansion into overseas connectivity. Bookings for the new route are expected to open shortly, ahead of the flight's scheduled launch on July 15. The service will become the first international flight to operate from NMIA since the greenfield airport began domestic operations late last year. The development forms part of the broader expansion of aviation infrastructure in the Mumbai Metropolitan Region and is expected to strengthen connectivity between western India and the United Arab Emirates, one of the country's busiest international travel corridors.Read more

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Mahindra Lifespaces acquires 15-acre Kandivali East land parcel for INR 5,600 crore housing project

23 Jun 2026

Mahindra Lifespace Developers has acquired a 15-acre land parcel in Kandivali East, Mumbai, through a competitive bidding process to develop a residential project with an estimated revenue potential of INR 5,600 crore. The proposed development is expected to have a total development potential of around 1.8 million sq ft. While the company did not disclose the acquisition cost, the transaction marks another addition to its Mumbai development pipeline. The acquisition aligns with Mahindra Lifespaces' strategy of expanding its residential portfolio across key urban markets. The company currently has a development footprint of 53.65 million sq ft across completed, ongoing and upcoming residential projects in seven cities and manages more than 5,000 acres of integrated developments and industrial clusters.Read more

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Satellite Aristia

23 Jun 2026

Mumbai City, India

Satellite Aristia is a premium residential project in Andheri East, Mumbai, offering luxurious 2 & 3 BHK apartments with modern amenities including swimming pool, fitness center, club house, landscaped gardens, children's play area, and 24/7 security. Located in Andheri East near Eastern Express Highway and Andheri Railway Station, it provides excellent connectivity to Central and Metro Line, top schools, hospitals, shopping destinations like Metro Mall and Infiniti Mall, and is close to IIT Bombay, Powai, and Mumbai International Airport.

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BMC and Customs Department have joined hands to restore Mumbai’s historic Mahim Fort

22 Jun 2026

• The Brihanmumbai Municipal Corporation (BMC) and the Customs Department have signed an MoU to undertake the restoration and conservation of Mahim Fort.
• The initiative aims to preserve one of Mumbai’s important coastal heritage structures while improving public access and visitor infrastructure.
• Restoration activities will focus on structural conservation, environmental improvement and protection of the fort’s historical character.
• The collaboration reflects a broader push towards safeguarding Mumbai’s neglected heritage assets through coordinated institutional efforts.
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BMC clears INR 1,000 crore aid for BEST amid fiscal stress and reform-linked conditions

Mumbai News Desk

22 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) has approved INR 1,000 crore financial assistance for the Brihanmumbai Electric Supply and Transport Undertaking (BEST), providing crucial support to the cash-strapped public transport operator in Mumbai. The decision follows months of deliberation within the civic administration, during which the grant was initially debated, partially deferred, and later reconsidered due to operational and safety concerns linked to BEST’s financial position. While BEST had sought a significantly higher support package of around INR 4,000 crore to stabilise operations and meet rising liabilities, the civic body has opted for a reduced allocation tied to governance and structural reform expectations.Read more

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BMC’s climate budget rises, but allocation for air quality management sees decline

Mumbai News Desk

22 Jun 2026

• The Brihanmumbai Municipal Corporation (BMC) has increased its overall climate-related spending in recent budgets, with climate-linked projects accounting for a significant share of capital expenditure.
• Despite the larger climate budget, allocations specifically earmarked for air quality management have declined compared to the previous fiscal year.
• The shift has sparked concerns among environmental experts and civic observers amid continued scrutiny of Mumbai’s worsening air pollution levels.
• BMC officials maintain that several pollution-control initiatives are being implemented through broader climate and environmental programmes rather than standalone air quality allocations.
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Mumbai court denies bail to businessman in INR 1,000 crore Yes Bank-linked fraud case

22 Jun 2026

A Mumbai sessions court has rejected the anticipatory bail plea filed by businessman Sudhir Valia in connection with an alleged INR 1,000 crore financial fraud case linked to former Yes Bank promoter Rana Kapoor and the transfer of mortgaged assets associated with Housing Development and Infrastructure Ltd (HDIL). The case, being investigated by the Mumbai Police Economic Offences Wing (EOW), centres on allegations of illegal transactions involving properties mortgaged to Yes Bank. The court observed that the accusations outlined in the FIR were serious in nature and warranted detailed examination. The decision comes amid an expanding probe into alleged financial irregularities involving asset transfers, banking exposures and related transactions, with enforcement agencies also carrying out searches at multiple premises linked to individuals associated with the investigation.Read more

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BEST advances fleet expansion with 1,500 AC midi buses for Mumbai metro feeder network

Mumbai News Desk

22 Jun 2026

Mumbai's Brihanmumbai Electric Supply and Transport (BEST) undertaking is preparing to induct 1,500 air-conditioned midi buses to strengthen last-mile connectivity to metro and suburban rail stations across the city. The buses will operate primarily on feeder routes and form part of BEST's plan to expand its fleet to 7,000 buses by 2027. The move comes as Mumbai's metro network continues to grow, increasing the need for integrated public transport solutions linking residential neighbourhoods with major transit hubs.Read more

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Gami And Jaydeep Elora

22 Jun 2026

Mumbai City, India

Gami And Jaydeep Elora is a residential project in Tilak Nagar, Mumbai, offering 2 & 3 BHK apartments with modern amenities including swimming pool, fitness center, landscaped gardens, children's play area, and 24/7 security. Located in Tilak Nagar with excellent connectivity to Central Railway, nearby markets, schools, hospitals, and shopping destinations, it provides a convenient urban living experience in this well-established Mumbai neighborhood.

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Long-delayed Jogeshwari terminus nears completion; Western Railway targets Phase I operations by June 2026

Mumbai News Desk

21 Jun 2026

Western Railway's long-awaited Jogeshwari terminus, Mumbai's fourth long-distance rail terminus, is expected to commence Phase I operations by June 2026, with the full facility scheduled for completion by March 2027. The INR 76.48 crore project, being developed at the existing auxiliary terminal yard in Jogeshwari East, was originally slated for completion in December 2024 but faced repeated delays owing to contractor changes, land acquisition challenges, and administrative hurdles. Once fully operational, the terminus is projected to handle up to 24 long-distance trains daily, significantly easing congestion at Dadar, Bandra, and Mumbai Central.Read more

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Ease above all: The changing face of luxury for Mumbai’s homebuyers

Mr. Prashant Khandelwal, Joint Secretary of CREDAI MCHI and Director & CEO of Agami Realty

21 Jun 2026

Luxury housing preferences in Mumbai are evolving beyond traditional markers of status and exclusivity towards convenience, connectivity, wellness and long-term value creation. Increasingly, homebuyers are prioritising locations that offer proximity to workplaces, healthcare facilities, educational institutions, retail destinations and recreational amenities. The growing relevance of the 15-minute city concept is influencing residential decisions across the city, with micro-markets such as Kalanagar in Bandra East emerging as preferred destinations due to their strong infrastructure, connectivity and lifestyle ecosystem. Alongside wellness-focused living and access to sports facilities, investment potential supported by infrastructure growth and rising property values is also shaping buyer preferences in Mumbai’s luxury residential market.Read more

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BKC public transport initiative highlights persistent last-mile connectivity challenges

20 Jun 2026

The Mumbai Metropolitan Region Development Authority’s (MMRDA) recently launched ‘BKC Weekly Public Transport Day’ has brought renewed attention to last-mile connectivity issues in Bandra-Kurla Complex (BKC), one of Mumbai’s largest commercial districts. While the initiative aims to encourage greater use of public transport and reduce private vehicle dependence, feedback from commuters has highlighted gaps in feeder services, pedestrian connectivity and access between transit stations and workplaces. Industry stakeholders and mobility experts have stated that achieving meaningful shifts towards public transport will require integrated planning that combines mass transit infrastructure with efficient last-mile solutions, multimodal connectivity and commuter-focused mobility systems.Read more

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