3 hours ago

Mumbai Port Authority (MbPA) has announced a stricter enforcement strategy against lease rental defaulters and unauthorised occupants across its Eastern Waterfront land parcels. The initiative seeks to recover pending dues, address lease violations and ensure better utilisation of port-owned land earmarked for future redevelopment. The move forms part of the Authority's broader efforts to strengthen land governance, improve revenue realisation and facilitate implementation of major infrastructure and waterfront development projects planned for Mumbai's eastern coastline.Read more

03 Aug 2026

Aurionpro Solutions has secured an additional INR 50 crore contract from the Mumbai Metropolitan Region Development Authority (MMRDA) to expand the Automatic Fare Collection (AFC) system on Mumbai Metro Line 5. The order will strengthen the metro's ticketing and passenger management infrastructure by deploying advanced fare collection technologies across additional stations. The contract reinforces Aurionpro's role in Mumbai's expanding metro network while supporting the city's efforts to enhance commuter convenience through digitally integrated public transport systems.Read more

03 Aug 2026

Western Railway is set to significantly accelerate the reconstruction of the Bandra-Khar flyover as part of the Mumbai Urban Transport Project (MUTP) aimed at adding a sixth suburban rail line between Mumbai Central and Borivali. By adopting an intensive construction approach, authorities expect to rebuild the flyover in about 45 days instead of the previously estimated 90 days. The move is expected to minimise traffic disruption while helping maintain momentum on one of Mumbai's key rail capacity enhancement projects.Read more

03 Aug 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has crossed a major construction milestone on the Orange Gate–Marine Drive underground road tunnel, with more than 650 metres excavated using a tunnel boring machine (TBM). Part of the INR 8,056 crore project, the twin-tube corridor is being developed to create a high-speed underground connection between the Eastern Freeway and Marine Drive. Once completed, the tunnel is expected to cut travel time across South Mumbai by up to 20 minutes while easing congestion on existing surface roads.Read more

03 Aug 2026

The Bombay High Court has directed the Maharashtra government to submit details of inspections conducted by the Food and Drug Administration (FDA) at canteens and food establishments operated by government and semi-government institutions. The direction came while the court reviewed food safety enforcement practices, observing that regulatory standards should apply equally to both public and private establishments. The matter is expected to influence future monitoring and compliance mechanisms for institutional kitchens and public food facilities across the state.Read more

03 Aug 2026

The Securities and Exchange Board of India (Sebi) has introduced the operational framework for GARUDA, a green channel mechanism aimed at simplifying and accelerating the launch of Alternative Investment Fund (AIF) schemes. The framework allows regular AIF schemes to be launched after a shorter processing timeline while creating a separate, simplified route for Accredited Investor-only funds, Large Value Funds and Angel Funds. Sebi has also strengthened disclosure requirements by defining the responsibilities of merchant bankers and AIF managers, while making it clear that filing a scheme document does not amount to regulatory approval.Read more

03 Aug 2026

Reliance Infrastructure has received an arbitral award of approximately INR 157 crore in a dispute related to debt servicing for Mumbai Metro Line 1. The award pertains to claims arising from financial obligations associated with the metro project and is expected to strengthen the company's financial position. While the arbitration has concluded in Reliance Infrastructure's favour, the matter could still be subject to further legal proceedings under the applicable arbitration framework.Read more

01 Aug 2026

Waaree Energies reported a 15.39 per cent year-on-year increase in its consolidated net profit for the first quarter of FY27, supported by a sharp rise in revenue and higher production. The company also recorded strong order inflows during the quarter, taking its total order book to a record INR 61,500 crore. Along with continued growth in its core solar manufacturing business, Waaree said its newer business segments have started contributing to revenue, strengthening its growth outlook across domestic and international markets.Read more

Vishal Ratanghayra, Founder & CEO of Platinum Corp

01 Aug 2026

The factors influencing residential values in Mumbai's luxury redevelopment market are evolving as large-scale infrastructure projects reshape the city's residential landscape. While location remains important, improved connectivity, integrated neighbourhoods, project design, sustainability and lifestyle amenities are increasingly influencing buying decisions. Premium redevelopment projects are gaining momentum as they combine modern housing with established social infrastructure, while government-led transport investments are expanding the appeal of emerging residential corridors. As homebuyers adopt a more comprehensive approach to evaluating properties, long-term liveability, operational efficiency and environmental performance are becoming important considerations alongside traditional location-based value.Read more

01 Aug 2026

Lashkaria Group has announced that its luxury residential project, Lashkaria Indrasukh, in Andheri West, Mumbai, has entered the final stage of construction. Located around 650 metres from Versova Metro Station, the development comprises two residential towers offering 2 and 3 BHK Sky Deck Residences. The project includes 780 sq ft RERA carpet area 2 BHK units and 1,100 sq ft 3 BHK units, along with a range of lifestyle amenities and connectivity to key social and transport infrastructure. According to the developer, the project has witnessed interest from both end-users and investors and is expected to strengthen its residential portfolio in Mumbai's western suburbs upon completion.Read more

31 Jul 2026

The Brihanmumbai Municipal Corporation (BMC) has revived plans to develop a golf course on the reclaimed Mulund landfill after a proposal to lease part of the site for the Dharavi Redevelopment Project was deferred. Civic authorities are now moving ahead with a feasibility assessment to examine the site's suitability for recreational infrastructure while continuing to evaluate future land-use options. The development reflects Mumbai's ongoing efforts to repurpose reclaimed landfill land through sustainable urban planning.Read more

31 Jul 2026

A special court in Mumbai has acquitted builder Chaitanya Laxmidas Vora in a 44-year-old case involving alleged manipulation of land measurement records to secure additional Floor Space Index (FSI) benefits. The court held that the prosecution failed to establish the charges due to insufficient evidence, the absence of key witnesses and the inability to produce original revenue records or prove document forgery. The alleged offence related to changes made to the recorded area of a Vile Parle property between 1980 and 1982, while the First Information Report (FIR) was registered only in 1992 and the chargesheet was filed in 2016. The trial commenced this year, by which time several accused and witnesses had died or were untraceable.Read more

Mumbai News Desk

31 Jul 2026

The Brihanmumbai Municipal Corporation (BMC) has approved the removal of 126 trees for a slum rehabilitation project in Powai, enabling the construction of more than 4,000 rehabilitation homes for project-affected families. The clearance forms part of a larger set of approvals granted for infrastructure and redevelopment projects across Mumbai. Civic authorities have said the project will follow environmental safeguards, including compensatory plantation and tree transplantation wherever feasible.Read more

31 Jul 2026

Smartworks Coworking Spaces Limited has leased approximately 182,300 sq ft at The Square, a commercial office development by Lloyds Realty Developers in Andheri East, Mumbai. The transaction increases Smartworks' managed office portfolio in Mumbai beyond 2 million sq ft, reinforcing the company's expansion strategy in one of India's largest office markets. The addition is expected to cater to growing enterprise demand for managed workspaces while strengthening the city's premium commercial real estate ecosystem.Read more

Mumbai News Desk

30 Jul 2026

The Brihanmumbai Municipal Corporation (BMC) has deferred a proposal to lease around 15 acres of reclaimed land at the Mulund dumping ground for the Dharavi Redevelopment Project after civic members raised environmental concerns. The site has been identified for temporary construction support facilities, but the civic body has sought additional technical clarifications before granting approval. The development highlights the growing emphasis on balancing large-scale urban redevelopment with environmental compliance and sustainable land-use planning.Read more

30 Jul 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed and opened the final Bharat Diamond Bourse (BKC)-Vakola arm of the Santacruz-Chembur Link Road (SCLR), creating a continuous 10.88-km signal-free east-west corridor across Mumbai. The project integrates multiple elevated connectors, bridges and carriageways linking the Eastern and Western Express Highways through key commercial and residential hubs. The completed corridor is expected to reduce congestion, improve travel efficiency and strengthen connectivity across the Mumbai Metropolitan Region.Read more

Mumbai News Desk

30 Jul 2026

The Bombay High Court has set aside money laundering proceedings initiated against D B Realty Limited and its Managing Director, Vinod Goenka, holding that the Prevention of Money Laundering Act (PMLA) case could not continue in the absence of a valid scheduled offence. The court ruled that once the predicate offence had ceased to exist, the enforcement proceedings based on it were unsustainable. The judgment clarifies the legal relationship between scheduled offences and money laundering prosecutions under the PMLA.Read more