Mr. Porush Jhunjhunwala, Founder & CEO, Banke International Properties

07 Jun 2026

A growing preference for health, wellbeing and lifestyle quality is reshaping Mumbai’s luxury residential market, giving rise to a new category of affluent buyers increasingly referred to as “wellthy” homebuyers. While location, exclusivity and investment value remain important considerations, homebuyers are placing greater emphasis on wellness-oriented features such as natural ventilation, green spaces, indoor air quality and integrated lifestyle amenities. This shift is influencing project design, location preferences and development strategies across the city. Developers are incorporating sustainable infrastructure, biophilic design elements and health-focused technologies into residential projects as buyers seek homes that support physical comfort, mental wellbeing and work-life balance. The trend is also contributing to stronger demand for projects offering long-term liveability and environmentally conscious design.Read more

07 Jun 2026

Western Railway has started fencing and concreting work on reclaimed land at Garib Nagar in Bandra East following the demolition of more than 500 unauthorised structures. The cleared land, spread across about 5,200 sq m, has been secured to prevent fresh encroachments and facilitate the planned expansion of Bandra Terminus. The project forms part of broader efforts to increase station capacity and improve rail infrastructure in Mumbai. Authorities have accelerated site protection measures while continuing debris removal and land development activities.Read more

07 Jun 2026

Mumbai’s western suburbs are emerging as the city’s primary redevelopment corridor as ageing residential societies, limited land availability and expanding infrastructure networks accelerate urban renewal activity across locations including Santacruz, Andheri, Goregaon, Kandivali and Dahisar. Industry estimates indicate that redevelopment-led projects could add more than 44,000 housing units valued at nearly INR 1.3 lakh crore in the coming years. According to Knight Frank India, over 900 housing societies across Mumbai have signed redevelopment agreements since 2020, with a significant share concentrated in the western suburbs. Alongside housing society redevelopment, slum rehabilitation projects continue to reshape several suburban clusters, with more than 2,500 projects reportedly completed across Mumbai over the past three decades, benefiting approximately 2.83 lakh families and expanding the city’s formal housing supply.Read more

06 Jun 2026

• BMC has installed four seismographic instruments at the construction site of a multimodal transit hub near Dahisar Toll Naka, following complaints from residents of the adjacent Madhuban Cooperative Housing Society of structural cracks caused by repeated blasting.
• The INR 1,500-crore project, being built on the site of the defunct Octroi Naka, involves regular explosions that residents and nearby shopkeepers describe as generating earthquake-like tremors across the neighbourhood.
• Residents approached local MLA Prakash Surve, who wrote to Municipal Commissioner Ashwini Bhide requesting a halt to excavation work, raising accountability concerns if buildings collapse.
• The seismograph readings will determine whether the ongoing blasting is directly responsible for the structural damage reported in surrounding buildings and commercial establishments.Read more

06 Jun 2026

Mumbai-based building services engineering consultancy Clancy Global has completed 20 years of operations, marking two decades of growth from a UK outsourcing MEP consultancy practice into a multidisciplinary engineering firm. The company has delivered engineering solutions for more than 800 projects across over 60 cities in India and overseas markets. Its portfolio spans commercial, residential, healthcare, hospitality, industrial, institutional and data centre developments. Over the years, Clancy Global has worked on projects including Prozone Mall in Aurangabad, Silver Springs township in Indore, Hiranandani Rodas Enclave in Thane and Tata Cancer Care Hospital in Varanasi. The firm said it will continue investing in digital engineering technologies, sustainability-focused design and integrated building solutions as the built environment sector adopts increasingly technology-driven approaches.Read more

06 Jun 2026

Pan IIT Alumni India has soft-launched “Pan IIT AI Niti (Pariniti)”, a dedicated artificial intelligence policy think tank aimed at contributing to India’s AI governance, infrastructure and innovation ecosystem. Announced during a gathering at Bombay Gymkhana in Mumbai, the initiative will focus on multiple layers of the AI value chain, including semiconductors, cloud infrastructure, data centres, energy systems, algorithms and AI governance. The think tank will operate through specialised verticals involving IIT alumni, industry executives, policymakers, venture capital professionals and researchers. Praxis Global Alliance has been appointed as the knowledge and think tank partner for the initiative. The platform is expected to generate policy recommendations, research papers and industry inputs for government and institutional stakeholders.Read more

05 Jun 2026

The Maharashtra government and Prasar Bharati have signed an MoU to jointly develop a 150-acre media and entertainment hub on Prasar Bharati-owned land in Malad, Mumbai. The project aims to create an integrated ecosystem for film, television, digital media and related industries. Planned in phases, the development will involve detailed land-use planning, infrastructure creation and statutory approvals. The initiative is intended to support Mumbai’s media and entertainment sector while strengthening infrastructure for content creation and allied activities.Read more

05 Jun 2026

• Mumbai Monorail has received final safety clearance from the Commissioner of Metro Rail Safety (CMRS) following upgrades to its signalling, communication and operational systems.
• The approval enables the MMRDA to fully implement the modernised infrastructure across the 19.54-km Chembur–Jacob Circle corridor.
• The upgrade programme was undertaken to improve safety, reliability and operational efficiency on the network.
• The clearance marks the completion of a major modernisation initiative for India’s first monorail system.Read more

05 Jun 2026

• Heavy pre-monsoon showers led to temporary flooding at the Andheri Subway, forcing authorities to suspend traffic movement for a brief period.
• The incident has renewed attention on one of Mumbai’s most flood-prone transport corridors despite ongoing drainage and pumping infrastructure upgrades.
• Civic authorities maintain that flood-mitigation measures have improved response times, but recurring waterlogging continues to challenge mobility during intense rainfall events.Read more

05 Jun 2026

MHADA will begin handing over 500 redeveloped homes to eligible residents of the Naigaon BDD Chawl project in Mumbai from 6 June. The allotments are part of the Maharashtra government’s redevelopment of the century-old BDD chawls at Naigaon, Worli and N M Joshi Marg. The new apartments replace ageing tenements with larger homes and improved amenities. The handover marks a key milestone in the rehabilitation of thousands of residents under one of Mumbai’s largest public housing redevelopment programmes.Read more

05 Jun 2026

A church in Bandra has clarified that its Bandstand-facing property is not for sale after a fake online listing claiming a valuation of around INR 900 crore circulated widely on digital platforms. The listing sparked speculation in Mumbai’s premium coastal real estate market, known for high-value luxury residences and celebrity homes. The institution has categorically denied any intent to sell the land and confirmed that no such transaction has been authorised, calling the listing misleading and unauthorised. The incident has also raised concerns over the growing circulation of unverified property listings on online real estate platformsRead more

04 Jun 2026

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

04 Jun 2026

• 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

04 Jun 2026

• 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

Mumbai News Desk

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

Mumbai News Desk

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