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 City

BMC approves transfer of BEST depot land for Dharavi redevelopment project

17 Jul 2026

• The Brihanmumbai Municipal Corporation (BMC) has approved the transfer of land occupied by the BEST Undertaking's Dharavi and Kalakilla bus depots for the Dharavi Redevelopment Project after a majority vote in the civic body's general meeting.
• The decision covers an 11.58-acre land parcel and includes the construction of temporary and permanent multi-storey bus depots to ensure continuity of public transport services.
• Opposition corporators objected to the proposal, raising concerns over the transfer of public land and the impact on BEST's operations.
• The approval marks another step in land consolidation for the Adani Group-led Dharavi Redevelopment Project, one of India's largest urban renewal initiatives.
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Raymond Realty signs joint development agreement for INR 85 billion residential project in Parel

Mumbai News Desk

17 Jul 2026

Raymond Realty has signed a joint development agreement (JDA) to develop a residential project in Mumbai's Parel, with an estimated gross development value (GDV) of around INR 85 billion. The project marks another addition to the company's asset-light expansion strategy, under which it partners with landowners to develop premium housing projects without outright land acquisition. Parel remains one of Mumbai's key redevelopment and residential markets, supported by strong infrastructure, commercial activity, and steady demand for premium homes.Read more

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Bombay High Court asks BMC to clear encroachments around Charkop pond before building protective wall

Mumbai News Desk

17 Jul 2026

The Bombay High Court has directed the Brihanmumbai Municipal Corporation (BMC) to remove widespread encroachments around the Charkop pond in Kandivali (West) before proceeding with a proposed gabion wall to protect the water body. The court was hearing a 2021 petition filed by the BMC seeking approval for conservation and beautification of the pond, which falls within the 50-metre mangrove buffer zone. The bench flagged construction debris dumped near the site and called for a firm civic stand against illegal occupation.Read more

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BMC to launch integrated portal for construction waste tracking and soil exchange

Mumbai News Desk

17 Jul 2026

The Brihanmumbai Municipal Corporation (BMC) is set to launch an integrated digital portal by the end of July to streamline the management of construction and demolition (C&D) waste and facilitate soil exchange across Mumbai. The platform will enable real-time tracking of waste movement, reduce illegal dumping, curb dust pollution and improve compliance with waste disposal norms. The initiative is expected to strengthen transparency in construction activities while supporting sustainable urban development and resource reuse.Read more

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Badri Aali Qadr Heights

17 Jul 2026

Mumbai City, India

Badri Aali Qadr Heights is a new residential project located in Mazgaon, Mumbai, offering a mix of apartment configurations with amenities like power backup, 24/7 security, and indoor games. It is currently under development by Badri Infraprojects Private Limited, with a proposed completion date of December 31, 2027.

View Website | Visit RERA website

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CAG flags undue benefits extended to private developers by Mumbai's Slum Rehabilitation Authority

Mumbai News Desk

16 Jul 2026

• The Comptroller and Auditor General (CAG) has identified multiple instances where the Slum Rehabilitation Authority (SRA) extended undue financial and development benefits to private developers during the implementation of slum rehabilitation schemes in Mumbai, particularly airport-linked projects.
• The audit found irregularities including excess Transferable Development Rights (TDR), additional free-sale built-up area, disproportionate Floor Space Index (FSI) allocation and short recovery of infrastructure charges, resulting in significant financial gains for developers.
• The CAG estimated that excess benefits included INR 187.17 crore through additional free-sale TDR, INR 48.66 crore via excess land TDR and nearly INR 100 crore through excess free-sale entitlement, besides infrastructure charges that were either under-calculated or not recovered.
• The audit has recommended stronger regulatory oversight, stricter compliance with Development Control Regulations (DCR) and improved monitoring of rehabilitation projects to safeguard public interest and ensure transparency in slum redevelopment.
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BMC demolishes illegal school building in Govandi in first of its kind action

Mumbai News Desk

16 Jul 2026

• The Brihanmumbai Municipal Corporation (BMC) has demolished an unauthorised school building in Govandi, marking the civic body's first demolition of an illegally constructed educational institution in Mumbai.
• The action followed complaints and inspections that found the school building had been constructed without mandatory civic permissions and in violation of development regulations.
• Civic officials carried out the demolition with police protection after issuing statutory notices and completing the legal process, while ensuring that students were not present during the operation.
• The BMC said the move reflects its stricter stance against illegal constructions, irrespective of the nature of the establishment, and warned that similar action would be taken against other unauthorised structures.
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Mumbai Coastal Road tunnel temporarily shut following vehicle fire

16 Jul 2026

• A car caught fire inside the northbound tunnel of Mumbai's Coastal Road, prompting authorities to temporarily close the tunnel and divert traffic.
• The occupants of the vehicle escaped safely, and no injuries or casualties were reported.
• Firefighters responded quickly and brought the blaze under control before it spread to other vehicles or tunnel infrastructure.
• The incident caused traffic congestion along nearby stretches before normal movement was restored after emergency operations were completed.
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Radisson Hotel Group signs 208-key RED hotel near Mumbai International Airport

16 Jul 2026

Radisson Hotel Group has signed an agreement to develop the 208-key Radisson RED Mumbai International Airport, with the hotel scheduled to open by December 2026. Located about four minutes from Chhatrapati Shivaji Maharaj International Airport, the property will provide connectivity to major commercial and business districts, including Andheri MIDC, SEEPZ Mumbai, Bandra Kurla Complex (BKC) and the Jio World Convention Centre. The signing will expand Radisson Hotel Group's portfolio in the Mumbai Metropolitan Region (MMR) to eight properties, reinforcing its presence in one of India's busiest business and travel markets. The development reflects continued investment in airport-linked hospitality assets catering to business travellers and transit guests.Read more

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MMOPL restructures debt with NARCL, reducing liabilities by over INR 1,100 crore

Mumbai News Desk

16 Jul 2026

• Mumbai Metro One Private Limited (MMOPL), a subsidiary of Reliance Infrastructure Ltd, has entered into a debt restructuring agreement with the National Asset Reconstruction Company Limited (NARCL), a government-owned entity.
• The restructuring will reduce MMOPL's outstanding debt by more than INR 1,100 crore and lead to the withdrawal of insolvency proceedings initiated against the company.
• MMOPL operates the Versova–Andheri–Ghatkopar Metro Line-1, one of Mumbai's busiest metro corridors, serving over five lakh commuters daily.
• The agreement covers financial obligations of INR 2,771.32 crore and includes a monitoring mechanism to oversee implementation of the restructuring plan.
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Starwing Naraindhan

16 Jul 2026

Mumbai City, India

Starwing Naraindhan is a low-density residential project in Khar West, Mumbai, offering exclusive 3 BHK apartments across 0.21 acres. Designed for families, it combines modern amenities with a prime location near key business hubs, essential infrastructure, and excellent connectivity.

View Website | Visit RERA website

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MHADA amendment revives hope for redevelopment of over 13,000 dangerous Mumbai buildings

Mumbai News Desk

15 Jul 2026

The Maharashtra Legislature has passed an amendment to the Maharashtra Housing and Area Development Authority (MHADA) Act to revive the implementation of Section 79A, clearing a major legal hurdle that had stalled the redevelopment of more than 13,000 old and dilapidated cessed buildings in Mumbai. The amendment seeks to restore MHADA's powers to intervene when landlords fail to initiate redevelopment of unsafe structures while enabling occupants to undertake redevelopment with majority consent. The Bill now awaits the Governor's assent and is expected to accelerate long-pending redevelopment projects, improving housing safety for lakhs of residents across Mumbai.Read more

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Mumbai University plans 12 new skill-based colleges under 2027–28 expansion roadmap

Mumbai News Desk

15 Jul 2026

Mumbai University has approved plans to establish 12 new skill-based colleges during the 2027–28 academic year, including five institutions in Mumbai, as part of its five-year perspective plan aimed at aligning higher education with industry requirements under the National Education Policy (NEP) 2020. The proposed colleges will offer vocational and employment-oriented programmes tailored to regional economic needs across Mumbai, Thane, Raigad, Ratnagiri, Sindhudurg and Palghar. The initiative seeks to enhance employability, improve access to higher education and strengthen the university's role in developing a skilled workforce for emerging sectors.Read more

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BMC targets August-end completion of Vidyavihar railway flyover

Mumbai News Desk

15 Jul 2026

• The Brihanmumbai Municipal Corporation (BMC) has set August 31, 2026, as the deadline for completing the Vidyavihar railway flyover, which is expected to improve east-west connectivity in Mumbai's eastern suburbs.
• Around 80% of the project has been completed, with the remaining works including girder installation, deck slab construction, lighting and safety infrastructure.
• The civic body has also directed contractors to accelerate work on the Mankhurd-Maharashtra Nagar flyover, targeting completion by May 2027.
• Both projects are expected to ease traffic congestion, improve connectivity and reduce travel time for daily commuters.
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Dharavi panel recommends removal and relocation of religious structures to facilitate redevelopment

Mumbai News Desk

15 Jul 2026

• A Maharashtra government-appointed committee has submitted an interim report recommending the removal of eight religious structures and the relocation or consolidation of three others in Dharavi Sector 1 as part of the Dharavi Redevelopment Project.
• The recommendations are based on the Supreme Court's September 29, 2009 cut-off date for unauthorised religious structures on public land, with post-cut-off structures proposed for removal.
• The committee has identified 590 religious structures across the redevelopment area and has begun a phase-wise review, having conducted 149 hearings involving trusts, community representatives and government officials.
• The report marks an important step in resolving land-use issues for the Dharavi Redevelopment Project while attempting to balance legal requirements, redevelopment objectives and religious sensitivities.
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Godrej One Mahalaxmi

15 Jul 2026

Mumbai City, India

Godrej One Mahalaxmi is a luxury residential project in Mumbai offering premium 4 BHK apartments with extensive amenities, including an elevated garden and sports facilities. Strategically located in Mahalaxmi, it provides excellent connectivity to major business hubs and landmarks across the city.

View Website | Visit RERA website

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BMC panel clears proposal to regularise OC-less buildings, offering relief to Tardeo residents

Mumbai News Desk

14 Jul 2026

• A Brihanmumbai Municipal Corporation (BMC) committee has approved a proposal to regularise certain residential buildings in Tardeo that have remained without Occupation Certificates (OCs) due to technical and procedural lapses.
• The proposal is expected to benefit residents who have been living in completed buildings for years but have faced difficulties in obtaining civic services, carrying out property transactions and securing financial approvals because of the absence of OCs.
• The measure forms part of Maharashtra's broader initiative to provide a legal pathway for eligible OC-less buildings while holding developers accountable for construction-related violations.
• The proposal will now move through the remaining approval process before implementation, after which eligible housing societies will be able to apply for regularisation under the prescribed framework.
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Reliance Infrastructure’s Mumbai Metro arm cuts INR 1,100 crore debt through restructuring deal with NARCL

14 Jul 2026

Mumbai Metro One Private Limited (MMOPL), a subsidiary of Reliance Infrastructure, has signed a debt restructuring agreement with National Asset Reconstruction Company Limited (NARCL), reducing its debt by over INR 1,100 crore. The restructuring is expected to lead to the withdrawal of insolvency proceedings against the company. MMOPL, which operates Mumbai Metro Line-1, aims to strengthen its financial position while ensuring uninterrupted metro services. The agreement is valued at INR 2,771.32 crore and marks a key step in resolving the company's long-pending debt obligations.Read more

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Mumbai's Dindoshi–Film City flyover set for September opening to ease WEH congestion

Mumbai News Desk

14 Jul 2026

Mumbai's long-awaited Dindoshi–Film City flyover is expected to open by September 2026, providing a direct elevated link between the Western Express Highway and Film City Road. The 1.2-km flyover, built at a cost of around INR 100 crore, is expected to significantly reduce congestion at the Dindoshi junction and improve connectivity to Goregaon East, Film City and surrounding areas. Authorities believe the project will ease travel for commuters while strengthening access to key residential and commercial hubs.Read more

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Salman Khan sells Bandra West apartment for INR 3.50 crore after 11 years of ownership

14 Jul 2026

Bollywood actor Salman Khan has sold his apartment in Mumbai's Bandra West for INR 3.50 crore, according to property registration documents. The flat, located in Shiv Asthan Heights, was purchased by the actor in 2014 and has now changed hands after more than a decade. The transaction reflects the continued demand for premium residential properties in Bandra West, one of Mumbai's costliest housing markets. Despite the sale, Salman Khan continues to be associated with Bandra, where his family has lived for decades and where a new residential project is also under development.Read more

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