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Grasim Industries reported a 49% year-on-year increase in adjusted profit after tax to INR 2,153 crore for the quarter ended June 30, 2026, supported by stronger performance across its diversified businesses. Consolidated revenue rose 21% to INR 48,716 crore, while EBITDA increased 26% to INR 8,077 crore. Building Materials remained a key contributor, with revenue rising 21% to INR 28,835 crore. Birla Opus recorded 64% year-on-year revenue growth to INR 1,661 crore, while the cement business benefited from higher volumes.Read more

16 Aug 2026

Ariha Group has announced an Independence Day offer providing homebuyers with an INR 7.90 lakh discount across its portfolio of residential projects. The offer, linked to India’s 79th Independence anniversary, is available until August 15, 2026. The benefit applies across the developer’s residential portfolio, with the company highlighting Ariha Skyes in Goregaon (West), where rates are scheduled to increase by INR 50 lakh after the offer period. Ariha Group said the initiative is aimed at providing buyers with a price benefit while marking the country’s Independence Day. The group’s residential portfolio focuses on projects that combine location, contemporary design, quality and lifestyle-oriented features.Read more

16 Aug 2026

A recent Mumbai ITAT ruling has clarified the tax treatment of jointly owned residential property when spouses contribute different amounts towards its purchase. The tribunal held that the Section 54 exemption cannot be denied merely because a replacement property is jointly purchased. In the case before it, the wife contributed INR 1.76 crore and her husband INR 55 lakh towards a INR 2.31-crore property. The ruling indicates that LTCG relief can be considered with reference to each taxpayer’s actual financial contribution and beneficial ownership, rather than automatically assuming an equal 50:50 share.Read more

16 Aug 2026

Alliance City Developers Realtors Pvt. Ltd. has received Occupation Certificates (OCs) for Alliance Vista in Vile Parle East and Alliance Abhimanyu in Malad West, with both projects now fully sold out. Alliance Vista comprises residential and commercial spaces, with its residential component offering 2 BHK and 4 BHK homes ranging from 554 to 1,117 sq. ft. of RERA carpet area. Alliance Abhimanyu on Marve Road in Malad West comprises 2 BHK and 3 BHK residences ranging from 600 to 821 sq. ft. of RERA carpet area. Handover at Alliance Vista began in June 2026, while Alliance Abhimanyu has received its OC and is cleared for occupation. The developments are located in established residential micro-markets with access to transport, healthcare, education and retail infrastructure.Read more

Mumbai News Desk

16 Aug 2026

The Bombay High Court has stayed the Brihanmumbai Municipal Corporation’s move to take possession of a YMCA-run playground and gymnasium at Willingdon Ground in Mumbai Central. The dispute concerns the civic body’s attempt to reclaim the property despite the YMCA claiming rights under an existing lease arrangement. The interim order temporarily prevents the BMC from proceeding with the takeover, while the court examines the legal and contractual issues surrounding the use and possession of the public recreational premises.Read more

16 Aug 2026

Swiss private banking firm Julius Baer's India arm, Julius Baer Global Enterprise Services (India), has leased 74,037 square feet of chargeable office space at Waterstones Business Park in Andheri East, Mumbai, for its global capability centre and commercial back-office operations. The space, located on the seventh floor of the building, has been taken on a 60-month lease from Striton Properties, commencing 1 May 2026, at a monthly rent of INR 1.55 crore, taking the total rental outgo over the lease period to INR 102.6 crore. The deal comes as global capability centres continue to drive a growing share of India's Grade-A office space demand, according to Colliers India.Read more

15 Aug 2026

Mumbai’s expanding Coastal Road network could influence the city’s real estate growth by improving travel times between South Mumbai and the western suburbs. As connectivity extends towards the northern suburbs, established markets such as Andheri, Jogeshwari, Goregaon and Borivali could benefit from stronger integration with Mumbai’s commercial and employment centres. These locations already have established residential demand, employment hubs, rail and metro connectivity, airport access and social infrastructure, providing a base for further growth. Improved accessibility could widen residential catchments, support rental and commercial demand and influence investor preferences. For developers, the infrastructure expansion could strengthen locations where existing demand converges with improved mobility, potentially shifting the real estate premium from physical proximity towards a broader combination of connectivity, liveability, amenities and value.Read more

Mumbai News Desk

15 Aug 2026

A landslide struck Ashok Nagar in Ghatkopar, Mumbai, early on August 12 after heavy rainfall, with debris and boulders crashing onto rooms in a densely populated chawl. The incident left seven people dead and seven injured, according to officials. Rescue operations were carried out by the Mumbai Fire Brigade, NDRF, police and civic teams, with narrow access lanes making the search difficult. Firefighters and NDRF personnel formed human chains to manually remove debris and search for victims. The incident has again highlighted the risks faced by residents living in landslide-prone areas during Mumbai's monsoon.Read more

15 Aug 2026

ITC Maratha’s Peshwa Pavilion in Mumbai will mark Independence Day and Parsi New Year with a special ‘One Nation, Many Flavours’ festive dining experience on August 15, 2026. The menu will combine regional Indian dishes with traditional Parsi New Year specialities, including Amritsari Chole Kulche, Goan Prawn Curry, Chicken Chettinad, Kashmiri Rogan Josh, Hyderabadi Subz Biryani, Sali Boti, Patra Ni Machhi and Mawa Cake. A dedicated Tricolour Chaat & Dessert Station will add to the Independence Day theme. Guests will also receive a traditional Parsi welcome featuring rosewater spraying, along with a complimentary glass of Falooda or Raspberry Soda. Tables of four or more will receive a flat 19.47% discount on the total bill. The experience is priced at INR 3,150 plus taxes per person, inclusive of soft beverages.Read more

14 Aug 2026

Andhra Pradesh is planning to adopt an integrated approach to slum redevelopment, drawing lessons from Mumbai's Dharavi redevelopment model. The state intends to use the redevelopment of Velampeta in Visakhapatnam as a potential blueprint for similar projects in other urban areas. The approach is expected to focus on replacing inadequate housing with planned residential development while improving basic infrastructure and living conditions. By treating slum redevelopment as an integrated urban development exercise rather than only a housing intervention, the state aims to address housing, infrastructure and land-use challenges together.Read more

14 Aug 2026

India’s focus on longevity and preventive healthcare is set to get a new platform with the Longevity Summit India 2026: India Vows for Longevity, which will bring together scientists, clinicians, wellness experts, entrepreneurs, innovators and hospitality leaders. The two-day summit at Fairmont Mumbai will examine developments in longevity science, personalised medicine, human performance, technology and healthy ageing. A key part of the programme will focus on the changing role of senior living, with Shrem Group and Emoha set to unveil Shremoha, a premium senior independent living platform that combines residences, hospitality, wellness, community and access to geriatric care.Read more

Mumbai News Desk

14 Aug 2026

Five senior citizens, including three women, were injured after a cement-roofed gazebo collapsed at Mala Garden in Pratiksha Nagar, Sion East, on Wednesday evening. The open-sided structure, supported by a galvanised iron (GI) frame, gave way at around 4.45 pm while all five people were seated inside. The injured, aged between 64 and 79, were taken to the civic-run Sion Hospital in private ambulances before Mumbai Fire Brigade personnel reached the site. Officials said all five were in a stable condition following the incident.Read more

13 Aug 2026

Piramal Realty has delivered the Royal Polo Pavilion, a 30,000 sq. ft. residents’ clubhouse at its Piramal Mahalaxmi development in Mumbai. Designed by British design studio Conran and Partners, the three-level clubhouse overlooks the Mahalaxmi Racecourse and the Arabian Sea. Its design draws on the history of polo associated with the racecourse and incorporates equestrian references, natural materials and artworks developed with the Piramal Art Foundation. The clubhouse includes a gym, private theatre, residents’ lounge, banquet hall, spa, yoga studio, indoor games room, squash court, multipurpose court and children’s play area. Piramal Realty said the delivery forms part of its development portfolio, which includes more than 5,800 homes delivered across 24 towers covering approximately 9.3 million sq. ft. of area.Read more

13 Aug 2026

A fire that broke out on the 11th floor of a residential building in Mumbai's Vile Parle (West) late Tuesday night claimed the lives of two people, including a 2.5-year-old child, while six others were injured. The blaze was reported from two flats in the high-rise on Baptista Road, near St Xavier School, triggering a rescue and firefighting operation. Emergency teams responded to the incident and worked to assist residents affected by the fire. Police and other authorities are expected to examine the circumstances surrounding the blaze and determine its cause.Read more

13 Aug 2026

Suraj Estate Developers has approved the issuance of non-convertible debentures (NCDs) worth INR 165 crore through a private placement, adding another debt-raising route for the Mumbai-based real estate developer. The NCDs are proposed to be senior, secured and unrated. The move comes as the company continues to expand its project pipeline in South-Central Mumbai, where it focuses on residential and commercial development, including redevelopment projects. The company had also raised funds through equity and debt instruments in the past to support project development, acquisitions, working capital and business expansion.Read more

13 Aug 2026

The Brihanmumbai Municipal Corporation (BMC) will place a proposal before its Improvements Committee on August 12 for leasing the 23,822 sq m Century Mills plot in Lower Parel to Peddar Realty Ltd for redevelopment. Peddar Realty emerged as the highest bidder with an offer of INR 1,351 crore, marginally above the civic body’s INR 1,348 crore reserve price. The 30-year lease covers a site with existing mill-worker tenements and shops. The redevelopment is expected to provide rehabilitation housing to eligible former mill workers’ families, while the remaining development is intended to generate revenue for the civic body.Read more

13 Aug 2026

Mumbai Police have sought documents after BJP MLA Mihir Kotecha complained that a road reserved under the Development Plan (DP) in Mulund West had allegedly been incorporated into a private residential project. The proposed road, connecting Off Park Road and the Tansa Pipeline area to LBS Marg, runs across survey plots 543, 544 and 547 in Nahur village. Kotecha has sought an investigation into the alleged encroachment and demanded that the missing road stretch be restored to the BMC’s T Ward for public use.Read more

13 Aug 2026

Total Transport Systems Limited reported a strong financial performance for the first quarter of FY27, with consolidated revenue from operations rising 31.3% year-on-year to INR 193.6 crore. EBITDA increased 48.3% to INR 6.5 crore, while profit after tax rose 40.5% to INR 4.1 crore. Margins also improved during the quarter, supported by higher business activity across logistics services and tighter cost management. The company said its diversified service portfolio, customer relationships and asset-light business model continue to support its operations. It also remains focused on technology, productivity and service capability improvements.Read more