27 Aug 2025

PVR INOX, India's largest cinema exhibition company, has signed a 15-year lease for a 10-screen megaplex at the new Sky City Mall in Borivali, Mumbai. The company will pay a monthly rent of INR 91.42 lakh or a 20% share of its revenue, whichever is higher, and has paid a security deposit of INR 10.97 crore. The megaplex, which is part of a larger mixed-use development by Oberoi Realty, aims to reinforce Mumbai's position as a cornerstone market for the company and create a "lifestyle-centric experience" for modern audiences.Read more

27 Aug 2025

In one of Mumbai's latest high-value real estate transactions, Mr. Pradeep Gupta, the Co-founder & Vice-Chairman of Anand Rathi Wealth, and his wife have purchased a luxury apartment in the prestigious 'Three Sixty West' project in Worli for INR 131 crore. The deal, which was registered on August 20, 2025, reflects the soaring demand for ultra-premium properties in the city. The apartment, located on the 55th floor, is part of a mixed-use project developed by Oberoi Realty and also houses The Ritz-Carlton Hotel, solidifying Worli's status as a key destination for Mumbai's affluent.Read more

23 Aug 2025

In a high-value real estate transaction, Heena Lalwani, a promoter of Aatman Innovations Private Limited, has purchased a luxury apartment in Juhu, Mumbai, for INR 113.42 crore. The 9,862 sq. ft. property, located in the prestigious Avalon Tower by Lodha Developers, was registered on August 18, 2025. This deal, along with a similar high-ticket purchase in the same building earlier this year, highlights the continued demand for luxury properties in Mumbai's prime localities.Read more

20 Aug 2025

The National Real Estate Development Council (NAREDCO) Maharashtra has postponed its annual real estate event, "The Real Estate Forum 2025," due to a severe spell of heavy rainfall and subsequent waterlogging in Mumbai. The event was originally scheduled for August 20. The decision was made in response to an advisory from the India Meteorological Department (IMD) and was taken to ensure the safety and convenience of attendees. The heavy rains, which dropped over 300 millimeters in Mumbai in a single day, caused widespread disruptions, including flight delays and traffic gridlock. A new date for the event has not yet been announced.Read more

19 Aug 2025

Mumbai's Slum Rehabilitation Authority (SRA) has set a target of building 500,000 new homes for slum dwellers in the next five years, aiming to double what it achieved in nearly three decades since 1996. The authority has already accelerated delivery with more than 16,000 homes completed in just 100 days and close to 17,000 in the past year. New measures such as drone surveys, biometric verification, and stronger laws against defaulting developers are driving this shift. By restarting stalled projects and enforcing overdue rent recovery, SRA is moving faster than ever before.Read more

18 Aug 2025

Bollywood actress Kriti Sanon has purchased a luxurious duplex penthouse in Supreme Prana, an under-construction tower in Mumbai's Pali Hill, Bandra West, for over INR 78.20 crore. Spanning 6,636 sq ft across the 14th and 15th floors, the sea-facing home also includes a 1,209 sq ft terrace and six car parking slots. Registered jointly with her mother, the deal involved INR 3.91 crore in stamp duty, benefiting from a 1% concession for women buyers, with the total cost exceeding INR 84.16 crore after charges. Sanon, who also owns land in Alibaug, joins a growing trend of Bollywood stars investing in prime real estate.Read more

17 Aug 2025

Bollywood actor Hrithik Roshan and his father Rakesh Roshan, through their company HRX Digitech LLP, have purchased three premium office units in Chandivali, Mumbai for INR 31 crore. The transaction, which was registered on July 9, 2025, involved a total carpet area of 13,546 square feet in the Boomerang building. This acquisition is part of the Roshan family's strategic expansion of their commercial real estate portfolio, reinforcing Chandivali's growing reputation as a key business hub in the city.Read more

17 Aug 2025

The Bombay High Court has directed the Mumbai Metropolitan Region Development Authority (MMRDA) to remove 462 remaining illegal structures on farmland near Bhiwandi by February 2026. The order, issued by a bench of Chief Justice Alok Aradhe and Justice Sandeep Marne, is in response to a 2013 Public Interest Litigation (PIL) that highlighted widespread unauthorized construction. This ruling reinforces the court's strict stance against illegal development and compels authorities to complete a long-pending enforcement drive.Read more

16 Aug 2025

The Western Railway has proposed demolishing and rebuilding the Field Marshal General Cariappa Road Over Bridge (ROB) in Borivali, in service since 1993 and nearing the end of its life. However, the BMC has asked for a three- to four-year delay, warning that removing the only flyover linking Borivali East and West would worsen traffic amid ongoing projects. The civic body has requested a structural audit and repairs to extend its lifespan. Existing congestion is already heightened by the delayed Kora Kendra Phase II flyover, stalled by slum clearance issues, and the Thane-Borivli twin tunnel project currently under construction in Borivali East.Read more

16 Aug 2025

The Mumbai Metro Rail Corporation (MMRC), operator of the city's underground Aqua Line (Metro Line 3), plans to introduce promotional offers and discounts to increase its ridership. The corporation will appoint an agency to handle these activities by the end of 2025, a few months after the full 33.5 km line is operational.This move is designed to boost passenger numbers and help achieve the projected daily ridership of 1.4 million, as the current usage on newly opened sections is below capacity.Read more

14 Aug 2025

The final stretch of the Santacruz Chembur Link Road (SCLR) extension, a new cable-stayed bridge over the Western Express Highway (WEH), will open for traffic on August 14, 2025. This much-awaited connector, executed by the Mumbai Metropolitan Region Development Authority (MMRDA), promises to provide a direct, signal-free passage from Kurla to the Western Express Highway, easing traffic bottlenecks and reducing peak-hour travel times by 15-20 minutes. The project, which was delayed due to design and logistical issues, is a significant step in improving Mumbai's east-west connectivity.Read more