07 May 2026

The Brihanmumbai Municipal Corporation (BMC) is considering re-tendering a BEST-owned plot in Ghatkopar after objections were raised over leasing the land at rates below prevailing market levels. The proposal, discussed in the past week, drew opposition from Shiv Sena (UBT) members within the BEST committee, who questioned the financial prudence of the deal. The land parcel had been proposed for lease at INR 33.4 lakh per year, significantly lower than market benchmarks. The development highlights governance concerns around public land monetisation and could delay commercial utilisation of the site.Read more

Mumbai News Desk

07 May 2026

Reliance Industries Limited (RIL) has purchased a luxury triplex apartment in Mumbai’s Bandra Kurla Complex (BKC) for INR 120 crore, marking one of the notable high-value residential transactions in the past week. The apartment, located in the Signature Island complex at Bandra East, spans over 16,000 sq ft across the 15th to 17th floors. The deal, registered in April, was executed through a joint acquisition from the developer, Sunteck Realty, and a private entity. The transaction reflects sustained demand for ultra-luxury residences in Mumbai’s prime business districts, where limited inventory and strong corporate interest continue to support high capital values.Read more

Mumbai News Desk

07 May 2026

The Brihanmumbai Municipal Corporation (BMC) has outlined a plantation plan covering 65 acres in Aarey, Mumbai, as part of its afforestation and environmental management efforts. The initiative follows a site inspection conducted in the past week by senior civic and forest officials. The proposed plantation will be undertaken after the monsoon and is intended to enhance green cover in the area. Authorities indicated that the exercise also aligns with broader environmental targets, including compensatory afforestation and sustainability measures linked to urban infrastructure projects.Read more

Mumbai News Desk

07 May 2026

The Bombay High Court has directed the Railways to pay INR 8 lakh compensation to the family of a teenager who died after falling from a suburban train, overturning an earlier tribunal decision. The ruling, delivered in the past week, came nearly 17 years after the incident near Jogeshwari station in Mumbai. The court held that the Railway Claims Tribunal had erred in not considering crucial evidence, including testimony from a co-passenger. The case pertains to a 2009 accident involving a 16-year-old who fell from a crowded train while travelling within the city’s suburban rail network.Read more

07 May 2026

National Company Law Tribunal has approved a resolution plan worth INR 730 crore for Rajesh Business & Leisure Hotels Pvt Ltd, enabling the revival of a stalled hospitality project in Mumbai. The plan, submitted by a consortium of Rare Asset Reconstruction Company and Check-Inn Hotels (a subsidiary of Shree Naman Group), received unanimous approval from the Committee of Creditors. The company had been undergoing insolvency proceedings since 2022 following a loan default. The approved plan provides for settlement of creditor dues, infusion of fresh capital, and completion of the long-delayed hotel project. The decision concludes a prolonged insolvency process and allows transfer of control to the successful resolution applicants.Read more

07 May 2026

The Brihanmumbai Municipal Corporation has begun integrating its 3D digital model of Mumbai with key civic departments, including building approvals, property tax and estates. The move is aimed at improving transparency, strengthening revenue collection and reducing discrepancies in property data. The digital twin offers a detailed, layered view of the city, allowing officials to verify developments, detect unauthorised structures and cross-check approvals. The initiative builds on recent digital reforms, including AI-based systems, to streamline processes and improve efficiency in urban governance.Read more

07 May 2026

Mumbai has initiated its first fully digital Census exercise, assigning a unique ID to each household to streamline data collection. Conducted by the Brihanmumbai Municipal Corporation, the process uses mobile-based enumeration and also allows residents to self-enumerate. The exercise was delayed from its earlier schedule due to the pandemic. The first phase focuses on housing conditions and basic amenities, while the second phase, scheduled for February–March 2027, will capture population data. Officials expect the digital approach to improve accuracy, reduce duplication, and support better urban planning.Read more

07 May 2026

Mumbai registered 14,228 property transactions in April 2026 within the Brihanmumbai Municipal Corporation (BMC) limits, marking a 9 per cent year-on-year increase and the highest April performance in 14 years, according to Knight Frank India. Stamp duty collections crossed INR 1,100 crore, rising marginally by 1 per cent, indicating a shift towards mid-ticket housing. While registrations declined from March’s peak levels, the data reflects sustained end-user demand across primary and secondary markets. The trend highlights stable housing activity in the city, supported by consistent buyer participation despite a high base.Read more

07 May 2026

Eligibility for upper-floor residents under the Dharavi Redevelopment Project (DRP) has been made conditional on documentation strength and, in certain cases, the eligibility of ground-floor occupants. As per a government resolution issued earlier, residents who can establish occupancy before a November 2022 cut-off may qualify for 300 sq ft rehabilitation units outside Dharavi within the Mumbai Metropolitan Region. The policy introduces a hierarchy of documents, with affidavits placed at the lowest level and accepted only if supported by an eligible ground-floor household. The framework also restricts benefits to one dwelling per family and excludes applicants owning property under other housing schemes, marking a departure from earlier slum rehabilitation norms.Read more

Mumbai News Desk

06 May 2026

The Bombay High Court has directed the Maharashtra government to refund INR 3 lakh in stamp duty to a homebuyer, holding that the amount was wrongly retained due to a procedural delay. The case relates to an incorrect stamp duty payment made during a property transaction, where the buyer selected the wrong category while purchasing e-stamps. Authorities had rejected the refund request citing a delay beyond the statutory six-month period. However, the court ruled that such technical grounds could not override a legitimate claim, particularly when the stamp was unused. The judgment reinforces judicial scrutiny over administrative decisions impacting homebuyers in property transactions.Read more

06 May 2026

US-based consulting firm EisnerAmper is expanding its presence in Mumbai with plans to increase headcount at its Global Capacity Centre (GCC) by 10% over the next three years and raise India’s share of its global workforce to around 30%. The firm has recently opened its second office in the city and committed over USD 5 million towards office space over the next three to five years. With a current GCC workforce of 1,000 employees, the company indicated potential for significant scaling, including a possible doubling of headcount. The expansion aligns with its broader strategy to double global revenue to USD 2.4 billion over the next four to five years, supported by investments in talent, infrastructure and technology.Read more

06 May 2026

The Bombay High Court has intervened in a dispute between Decathlon Sports India and Godrej Projects Development over a commercial property in Chembur, Mumbai. The court has restrained Godrej from handing over the space to Titan Company and appointed a court receiver to take control of the property. The case involves claims that Decathlon’s earlier lease arrangement was terminated to enable a more lucrative deal with Titan. The matter now centres on competing contractual rights, financial commitments, and the legal validity of agreements versus a registered lease deed.Read more

06 May 2026

The Bombay High Court has directed the demolition of a 16-storey building in Ulhasnagar after finding that permissions were obtained through fraudulent submissions. The court held that the developer misled authorities and carried out large-scale violations, including encroachments on planned development roads. It also pointed out lapses by municipal officials in verifying documents. The structure, comprising 65 flats and four shops, was declared largely illegal, with nearly 80% of it violating norms. The court refused relief to the developer and allowed civic authorities to proceed with demolition.Read more

05 May 2026

The Maharashtra Housing and Area Development Authority (MHADA) has reduced prices of 1,221 flats in Vikhroli by 7.5% after receiving a muted response from buyers in its housing lottery. The price cut lowers unit rates by around INR 10 lakh, bringing them to a range of about INR 1.34 crore to INR 1.37 crore. The authority has also added one free car parking space per flat and extended the application deadline to improve participation. The move reflects growing competition from private developers offering similar pricing with better amenities.Read more

05 May 2026

Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 6 with the successful installation of a steel composite girder span over the operational Western Railway corridor at Jogeshwari. The corridor has now reached over 88% physical completion, indicating steady progress. The complex railway crossing was executed in nearly half the permitted traffic block time, reducing disruption to train services. The project uses high-capacity cranes and closely coordinated engineering work. Once completed, the corridor will improve east–west connectivity between Swami Samarth Nagar and Vikhroli, easing daily travel across Mumbai.Read more

05 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has moved closer to completing the Santacruz–Chembur Link Road (SCLR) Phase-2 with the final structural work on the BKC–Vakola connector. The last missing segment was completed after launching twin 54-metre composite girders over Vakola Nallah, marking the closure of a key gap in the 10.88 km east–west corridor. This arm connects major hubs including Bandra Kurla Complex, Santacruz, Kalina, Kurla and Chembur, enabling smoother traffic flow across Mumbai. The project is expected to improve connectivity between the Eastern and Western Express Highways.Read more

04 May 2026

A Mumbai Police constable died after a piling rig collapsed at an under-construction flyover on the Sion–Panvel Highway in Mankhurd. He was riding home after duty when the machine fell onto the road and crushed his motorcycle. Initial findings point to possible instability of the ground and lapses in safety measures at the site. A case has been registered against the contractor and others involved. The incident also caused heavy traffic congestion in the eastern suburbs, raising fresh concerns over on-site safety at infrastructure projects.Read more