25 Jun 2025

The Maharashtra government has appointed MMRDA as the nodal agency for the Dharavi Multi-Modal Transit Hub (MMTH), aimed at transforming connectivity across Mumbai. The hub will integrate Mahim, Sion, and Chunabhatti railway stations with Metro Lines 2B, 3, 8, and 11, and connect to the BKC Bullet Train station, Mumbai airport, and the upcoming Navi Mumbai airport. It will also extend BKC's Personal Rapid Transit (PRT) system to Dharavi. The project includes amenities like offices, retail, hotels, and a convention centre. MMRDA will soon begin feasibility studies, with officials describing the hub as a key step in Dharavi's inclusive urban redevelopment.Read more

25 Jun 2025

Actor R. Madhavan and his wife Sarita have leased their 4,182 sq. ft. luxury apartment in Signia Pearl, BKC, Mumbai, to BP Exploration for INR 6.5 lakh per month. The two-year lease, registered on June 11, totals INR 1.60 crore. Signia Pearl, developed by Sunteck Realty, is home to celebrities and top business figures. Located in the Bandra Kurla Complex-Mumbai's premium commercial hub and BFSI hotspot-the area sees high rental demand from senior executives.Read more

24 Jun 2025

Adani Airports Holdings Ltd (AAHL), a subsidiary of Adani Enterprises and India's largest private airport operator, has secured USD 1 billion in project financing for Mumbai International Airport Ltd (MIAL). The deal includes a USD 750 million bond issuance maturing in July 2029 for refinancing, with an option to raise an additional USD 250 million. The funds will support MIAL's capital expenditure programme for modernisation and expansion. Notably, this marks India's first investment-grade bond issuance in the airport sector, with participation from global institutional investors including Apollo-managed funds, BlackRock, and Standard Chartered.Read more

24 Jun 2025

NCC Urban Infrastructure Ltd has entered Mumbai's real estate sector with a redevelopment project in Versova, involving 4 lakh sq ft of built-up area and projected revenue of INR 700 crore. Known for operations in cities like Bengaluru, Hyderabad, and Dubai, the company is expanding across western India. Redevelopment is a growing trend in MMR, with other out-of-region developers like Ramky Estates, Kolte Patil, and DLF also entering via similar routes. Mumbai's 25,000+ buildings eligible for redevelopment, along with government incentives and steady housing demand, make the region a lucrative choice. The move aligns with broader goals for affordable housing by 2030.Read more

23 Jun 2025

The Brihanmumbai Municipal Corporation's Tree Authority has approached the Supreme Court seeking approval to cut 1,134 trees in Film City, Mumbai, to facilitate the Goregaon-Mulund Link Road (GMLR) project�a key infrastructure initiative aimed at connecting the Western and Eastern Express Highways and reducing travel time by nearly an hour. Respecting the Court's earlier directive barring tree felling in Aarey without explicit permission, the Authority clarified that the proposed development does not fall within the protected Aarey Milk Colony. The trees are required for constructing twin tunnels over a 6.2-km stretch, particularly for pit excavation and tunnel boring machine operations. A shift in the launching shaft's location to avoid displacing a tribal hamlet has also increased the number of trees to be felled. The Tree Authority has sought permission to remove 95 trees in the first phase and requested the liberty to return for further approvals in the next phase of the project.Read more

23 Jun 2025

The BMC�s first attempt to lease out three prime land parcels�at Malabar Hill, Worli, and near Crawford Market�for long-term revenue has faced setbacks. The Malabar Hill plot was withdrawn after objections from BEST and local residents citing its designation as a public garden. At Crawford Market, Central Railway requested a portion for a skywalk-linked passenger outlet, complicating the full-site tender. Meanwhile, the RBI showed interest in the Worli parcel but didn�t submit a bid. BMC is evaluating the received bids, aiming to raise funds for major projects like the Dahisar�Mira Bhayander coastal road and Mulund�Goregaon tunnel by monetising dormant land.Read more

20 Jun 2025

The Maharashtra government has rolled out major financial incentives, including stamp duty concessions, to drive large-scale redevelopment and industrial housing projects across the state. Key among these is a stamp duty waiver for the Special Purpose Vehicle (SPV) overseeing the Dharavi redevelopment-one of the world's largest slum transformation efforts-applicable to all property transactions within the notified area. Separately, a 50% stamp duty concession has been granted to residential units under the Integrated Industrial Area (IIA) policy, with Pen Township in Raigad becoming the first project to benefit. These incentives aim to reduce costs, attract investment, and accelerate planned urban and industrial growth.Read more

20 Jun 2025

Mumbai's ambitious road concreting project, launched in January 2023, has achieved 49% completion across 2,121 roads, with 36% fully finished end-to-end. The Brihanmumbai Municipal Corporation (BMC) reports that the initiative is progressing on schedule and aims for total completion by May 2027. Phase 1 covered 700 roads, of which 343 (102 km) are complete, with another 239 roads partially done. In Phase 2, 428 roads (84 km) are fully ready, while 375 have been partially completed. Quality control is being overseen by IIT Bombay, ensuring robust standards through surprise checks and detailed testing. Post-monsoon, remaining works will resume, with strict no-dig policies now in place on completed roads.Read more

20 Jun 2025

The Supreme Court has backed the Bombay High Court's order for the demolition of 17 unauthorised multi-storey buildings in Thane's Shil-Dighar area. Built without approvals on privately owned land, these structures have been linked to underworld encroachment and municipal negligence. The Court warned of dangerous precedents if such violations continue unchecked, applauding the High Court's tough stance. Though the demolition affects over 400 flats, the bench emphasised that buyers cannot claim rights over illegal constructions. In a related matter, the Court granted a one-week stay on the demolition of a nearby unauthorised dargah, urging legal compliance while respecting religious sensitivity.Read more

19 Jun 2025

The Slum Rehabilitation Authority (SRA) of Brihanmumbai has introduced SoftTech Engineers' AutoDCR Online Building Permission System to digitalise and expedite the approval process for slum redevelopment projects. Designed to replace traditional manual procedures, this automation aims to reduce processing time, enhance transparency, and ensure regulatory compliance. Developed by SoftTech Engineers Limited, a pioneer in AEC tech solutions, the platform enables online submission and scrutiny of building plans. The initiative reflects SRA's broader commitment to technological integration for better urban governance and improved living conditions in rehabilitation zones.Read more

18 Jun 2025

Hrithik Roshan and his father Rakesh Roshan recently sold three residential properties in Mumbai for a total of INR 6.75 crore. Rakesh sold two flats one in Veejays Niwas CHS for INR 3.75 crore and another in Raheja Classique for INR 2.2 crore while Hrithik sold a smaller unit in the same Raheja complex for INR 0.8 crore. All three transactions were registered in the past week. This move is part of a broader trend of celebrities actively managing their real estate assets, shifting from residential holdings towards income-generating commercial spaces.Read more

18 Jun 2025

MMRDA has taken over 174.01 hectares in Mogarpada, Thane, to build Mumbai's largest integrated metro car depot, supporting Metro Lines 4, 4A, 10, and 11. Backed by CM Shri Devendra Fadnavis and Deputy CM Shri Eknath Shinde, the INR 905 crore project will house 64 stabling lines, 10 workshop lines, and advanced facilities like automated wash systems and training centres. Construction, led by SEW-VSE JV, is now underway. A unique farmer-first rehabilitation model offers developed land plots to leaseholders and encroachers. Once operational, the depot will boost metro efficiency, cut travel time by 50%, and serve 1.2 million passengers daily, transforming connectivity across Eastern Suburbs and Thane.Read more

17 Jun 2025

The Brihanmumbai Municipal Corporation (BMC) has approved construction of two new arms to connect the Ghatkopar-Mankhurd Link Road (GMLR) flyover directly to the Sion-Panvel Highway. Estimated at INR 1,051 crore, the project aims to ease traffic congestion at the busy Maharashtra Nagar T-junction. Currently, the GMLR flyover lacks a direct link to the highway, forcing vehicles through bottlenecks. The new flyover arms-measuring 1.47 km and 1.93 km-will bypass this signal, offering seamless access. The extensions, standing 8.5 metres high and 620 metres long, will begin construction soon following land acquisition and approvals from the Coastal Zone Management Authority and Mangroves Department. The alignment also considers proximity to metro lines and nearby airports. An earlier plan for a third arm via the Harbour line remains stalled due to pending clearances from Central Railway.Read more

17 Jun 2025

Kamathipura, one of Mumbai's oldest and most historically rich neighbourhoods, is set for a major transformation. MHADA has opened bids for redeveloping this 34-acre area under a cluster redevelopment plan. Once Asia's largest red-light district, Kamathipura was originally a settlement for construction workers during British rule. Now home to over 8,000 homes and shops, the project will replace 900+ ageing buildings and create 4,500 new housing units. Over 44,000 square meters is also being reserved for public amenities. This project joins other large-scale makeovers across the city, including Dharavi, Bhendi Bazaar, and BDD Chawls, all aiming to modernise Mumbai's ageing infrastructure.Read more