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06 Apr 2026
The Brihanmumbai Municipal Corporation (BMC) is moving forward with its smart parking project, nearly six years after it was first proposed. The initiative aims to consolidate all public and private parking spaces into a single digital platform accessible via a mobile app or web portal, allowing motorists to view and reserve parking slots in advance. With over 350 on street and 26 off street parking locations, the system also plans to include residential associations spaces during daytime. The project has an initial budget of INR 3 crore and is expected to ease parking shortages and traffic congestion across Mumbai.Read more
06 Apr 2026
Oberoi Realty has signed a development agreement to redevelop a 1,740 sq metre land parcel in Mumbai's Malabar Hill, one of the city's most premium residential areas. The project, to be executed with adjoining societies under a cluster redevelopment model, is expected to generate up to 51,000 sq ft of free-sale area. This comes soon after the company secured a larger redevelopment deal at Peddar Road. The move reflects its steady focus on South Mumbai, where limited land supply and strong demand continue to drive redevelopment activity.Read more
06 Apr 2026
05 Apr 2026
A strategic partnership has been signed between the Mumbai Metropolitan Region Development Authority (MMRDA), the Maharashtra government, and the Government of Moscow to strengthen urban development cooperation. The agreement focuses on infrastructure, innovation, tourism, healthcare, and skill development. It aims to bring global expertise to the Mumbai Metropolitan Region (MMR) and support its growth as a major economic hub. With MMR already contributing around 5-6% to India's GDP and targeting USD 300 billion economic output by 2030, the collaboration is expected to support long-term planning, improve infrastructure delivery, and enhance overall urban living standards.Read more
05 Apr 2026
The Brihanmumbai Municipal Corporation (BMC) is planning to impose parking restrictions in narrow lanes across Mumbai to address obstruction faced by emergency services. The move, under consideration in the past week, targets densely populated localities such as Kalbadevi, Girgaon, and Byculla, where illegal and haphazard parking has been delaying fire engines and ambulances. Authorities are evaluating measures including odd-even parking and no-parking zones in highly congested stretches. Industry stakeholders have highlighted that the issue reflects a broader infrastructure gap, calling for integration of structured and technology-driven parking solutions in urban planning. The development comes amid increasing vehicle ownership and limited availability of organised parking infrastructure in older parts of the city.Read more
05 Apr 2026
Mumbai's civic body reported its highest-ever property tax collection for FY 2025-26, reaching INR 7,610.9 crore and surpassing its revised target. Andheri East's K-East ward emerged as the top contributor, followed by key commercial and residential hubs like Lower Parel and Andheri West. Western suburbs continued to dominate collections, while a strong push in enforcement, digital payments, and recovery drives supported the overall performance. A significant share also came from penalties and last-day payments, showing improved compliance but also dependence on delayed settlements.Read more
05 Apr 2026
NAREDCO Maharashtra NextGen will host Excelerate 2026, a one-day international conclave in Mumbai aimed at examining investment, financing and capital trends in India's real estate sector. Scheduled to be held at Trident Hotel, the event will bring together developers, institutional investors, policymakers and financial institutions. The conclave comes amid rising investor participation, with institutional inflows increasing significantly in recent years and foreign capital accounting for a growing share. Discussions will focus on private equity, family offices, REITs and emerging asset classes, reflecting the sector's evolving capital structure and the increasing role of organised funding channels in supporting real estate development.Read more
04 Apr 2026
The Bombay High Court has directed a builder to deposit around INR 41 lakh towards the cost of demolishing unauthorised portions in two buildings in Nagpur. The order followed a detailed estimate submitted by civic authorities, highlighting violations of approved plans and potential safety risks. The matter stems from a long-pending public interest litigation. A significant part of the demolition has already been carried out. The court has made it clear that the financial burden of such actions will not fall on public authorities and will be borne by the developer.Read more
04 Apr 2026
Several housing societies and bakeries in Mumbai's Sakinaka area have been waiting for Piped Natural Gas (PNG) connections for over a decade, despite pipelines being installed years ago. Societies like Shiv Prabha, Shiv Prerna, Dhanlaxmi, and Anna Sagar, covering around 500 households, are still awaiting supply due to pending technical feasibility and connection issues. Local bakeries that invested INR 25,000 or more for connections are also affected. Senior citizens face difficulties managing LPG cylinders, highlighting the gap between policy initiatives promoting PNG and actual service delivery.Read more
04 Apr 2026
Mumbai's Orange Gate Marine Drive Road Tunnel has entered the main tunnelling phase, marking a major advancement in the city's underground mobility network. Using India's largest slurry shield TBM for urban roads, the first tunnel stretches 3.45 km, reaching depths of 52 metres and passing safely under major railway and metro lines. The project aims to reduce travel time between Orange Gate and Marine Drive to five minutes, integrate with the Coastal Road and Atal Setu, and ease congestion while cutting fuel use and emissions. Construction has already seen key technical milestones successfully achieved.Read more
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03 Apr 2026
The Airports Authority of India has introduced a case-by-case system for granting height clearances in Mumbai, especially in areas affected by aviation-related restrictions near Juhu. The move aims to unlock stalled redevelopment projects that had become financially unviable due to reduced permissible heights. A regional committee will now review individual proposals while ensuring aviation safety. The decision is expected to support redevelopment of old buildings, including MHADA and slum rehabilitation projects, where higher FSI is critical for project feasibility and execution.Read more
03 Apr 2026
The Mumbai Metropolitan Region Development Authority recently held discussions with Germany's Consul General in Mumbai to explore collaboration in urban infrastructure and transport. The meeting focused on metro rail development, multimodal integration, and adopting global best practices. Both sides highlighted the need for sustainable and efficient urban planning as cities expand. The interaction reflects a continued effort to strengthen Indo-German ties in infrastructure development, with a focus on innovation and long-term urban mobility solutions across the Mumbai Metropolitan Region.Read more
03 Apr 2026
Adani Airport Holdings has partnered with Blinkit to launch India's first in-terminal quick commerce service at Mumbai's Chhatrapati Shivaji Maharaj International Airport. The service is currently available at Terminal 2 for domestic departures, allowing passengers to order essentials through the Blinkit app and receive deliveries within the airport. Items include travel accessories, snacks, electronics, and personal care products. The move aims to improve passenger convenience and optimise waiting time at airports, while also helping Blinkit expand into high-demand locations with strong consumer intent and frequent usage.Read more
03 Apr 2026
Property registrations in Mumbai saw a 3 per cent year-on-year rise in March, reaching 15,983 units, marking the highest level for the month in the last 14 years. The growth reflects sustained end-user demand, stable economic conditions, and continued confidence among homebuyers. Residential properties dominated the market with nearly 80 per cent share. Compared to the previous month, registrations also saw a notable increase. Industry experts believe that real estate continues to remain a preferred investment option, even as other asset classes face volatility, reinforcing the sector's long-term stability.Read more
03 Apr 2026
A traffic bottleneck at the Breach Candy exit of Mumbai's Coastal Road has triggered a citizen-led campaign demanding additional exit infrastructure to ease congestion in South Mumbai. The issue has emerged in the past week as residents highlighted that while the arterial road has reduced travel time significantly along the main corridor, the absence of a planned exit at Nepeansea Road has resulted in severe delays at the final stretch. Commuters report that a 300-metre segment near the exit can take up to 20-25 minutes during peak hours. The campaign, titled Unlock the Exit, is advocating for the reinstatement of a previously proposed exit, citing technical feasibility and the need for improved last-mile connectivity within dense urban neighbourhoods.Read more
03 Apr 2026
02 Apr 2026
Marathon Nextgen Realty Ltd has expanded its development platform by acquiring three real estate entities whose combined projects represent a gross development value (GDV) exceeding INR 8.4 billion. This strategic move was announced this week, reflecting Marathon's ongoing efforts to broaden its project portfolio and strengthen its footprint in the real estate sector. The acquisitions align with the company's growth trajectory, building on its long history of development across the Mumbai Metropolitan Region and a diversified mix of residential and commercial projects. Marathon's latest deal underlines continued consolidation activity in the Indian property market.Read more
02 Apr 2026
Malaika Arora has rented out her apartment in Bandra West, Mumbai, for a total lease value of around INR 1.17 crore over a three-year period. The agreement starts at a monthly rent of about INR 3.10 lakh, with structured increases during the tenure. The deal was registered recently, as per official property documents accessed through the registration portal. The transaction reflects steady demand for premium rental homes in key Mumbai locations and highlights how high-value residential assets are being used to generate consistent rental income.Read more
02 Apr 2026
The Bombay High Court has allowed a homebuyer to withdraw the amount deposited by a builder while an appeal is pending before the appellate tribunal under RERA. The case involved a delayed housing project where the buyer had already paid a substantial amount and was granted a refund with interest by MahaRERA. The builder challenged this order, but the court upheld the tribunal's decision. It noted that homebuyers face financial stress due to delays and should not be denied relief, while safeguards remain in place if the builder succeeds.Read more
02 Apr 2026
The Brihanmumbai Municipal Corporation has proposed setting up a special land acquisition cell to address delays in the Gargai dam project in Palghar. The move follows concerns over pending land acquisition and a cost increase of around 9 per cent. A temporary team of 10 revenue officials is planned to handle the remaining work in phases. While a major portion of the required land has been acquired, key parcels are still pending due to fragmentation. The project is expected to add around 440-450 MLD to Mumbai's water supply once completed.Read more
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