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

Bombay HC pulls up BMC over 16-year delay in removing Powai encroachments

19 Jun 2026

• The Bombay High Court has expressed strong displeasure over the BMC's prolonged failure to remove encroachments in Powai.
• The court issued a notice to the municipal commissioner while questioning the civic body's handling of the matter.
• Judges criticised the reasons cited by officials for the delay, describing them as inadequate.
• The case highlights growing judicial scrutiny of delays in addressing illegal constructions and encroachments across Mumbai.
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Dharavi redevelopment gets new oversight as Vijay Singhal appointed OSD

Mumbai News Desk

19 Jun 2026

The Maharashtra government has appointed Vijay Singhal, Managing Director of the Maharashtra State Road Development Corporation (MSRDC), as Officer on Special Duty (OSD) for the Dharavi Redevelopment Project as part of a wider bureaucratic reshuffle. Singhal will continue to hold his existing role while overseeing one of India’s largest urban renewal initiatives. The appointment comes as the state advances rehabilitation, infrastructure and planning activities linked to the redevelopment of Dharavi in Mumbai.Read more

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Bombay High Court revokes 2009 probate grant over Colaba flat, orders fresh hearing after son's claim suppressed

19 Jun 2026

The Bombay High Court on 8 June 2026 revoked a probate granted in 2009 in respect of a residential flat at Bueno Vista, Windy Hall Lane, Colaba, Mumbai, after finding that the existence of a surviving heir had not been disclosed during the original proceedings. Arnold Samson, a Sweden-based son of the deceased Rosalind Samson who passed away in February 2008, successfully established a prima facie case before Justice N.J. Jamadar that he had been denied an opportunity to contest the original probate petition, prompting the court to restore the matter for a fresh determination.Read more

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BMC halts water supply to construction sites and swimming pools amid falling reservoir levels

Mumbai News Desk

19 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) has suspended water supply to construction sites and swimming pools across Mumbai as reservoir stocks continue to decline. The decision is part of emergency water management measures aimed at prioritising domestic consumption amid mounting supply stress. The restriction applies to new and ongoing construction activity as well as private and public swimming facilities. The move comes as authorities intensify monitoring of water usage across the city and step up enforcement against non-essential consumption. Officials have also indicated stricter checks on misuse of potable water as demand pressures persist.Read more

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JSW Realty eyes INR 1,450-Crore funding push as Mumbai Commercial Project gains momentum

Mumbai News Desk

19 Jun 2026

• JSW Realty is in discussions to raise approximately USD 169 million (around INR 1,450 crore) from Tata Capital to support a major commercial real estate development in Mumbai.
• The proposed financing is expected to strengthen the company's funding strategy as it expands its footprint in India's premium office and mixed-use property market.
• The move reflects continued lender confidence in high-quality commercial assets in Mumbai, even as developers increasingly rely on structured financing to accelerate project execution.
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MHADA partners MahaTennis Foundation to develop world-class tennis centre in Andheri

Mumbai News Desk

19 Jun 2026

The Maharashtra Housing and Area Development Authority (MHADA) has entered into a partnership with the MahaTennis Foundation to develop a world-class tennis facility in Andheri, Mumbai. The project, planned on approximately two acres of MHADA-owned land, aims to strengthen sports infrastructure in the city and promote tennis training and development for emerging players. The initiative, formalised through a memorandum of understanding, is expected to upgrade existing recreational land into a structured sporting hub, supported through public-private collaboration and financial backing for infrastructure development.Read more

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Dharavi redevelopment adopts digital twin technology for resident eligibility verification

Mumbai News Desk

19 Jun 2026

The Dharavi Redevelopment Project (DRP) has introduced digital twin technology to support resident verification and eligibility assessments under the Mumbai redevelopment programme. The system creates a virtual model of Dharavi’s built environment, enabling authorities to map structures, verify occupancy records and cross-check resident information more accurately. Officials said the technology is intended to improve transparency, reduce discrepancies and streamline the rehabilitation process. The initiative forms part of ongoing surveys and eligibility verification exercises across Dharavi.Read more

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SC clears Mumbai Coastal Road seafront plan; 85% of 130-acre waterfront to remain free for public use

19 Jun 2026

The Supreme Court has cleared the way for the Brihanmumbai Municipal Corporation (BMC) to consider Reliance Industries’ master plan for the 130-acre public open space created under Mumbai’s Coastal Road South project. The court recorded Reliance’s undertaking that ticketed attractions would be limited to 15% of the reclaimed land, while 85% would remain freely accessible. The waterfront is planned to include promenades, parks, gardens, cycle tracks and recreational spaces, with commercial and residential development remaining prohibited.Read more

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Mumbai’s water reserves drop to 10% BMC reviews tougher curbs amid supply concerns

Mumbai News Desk

19 Jun 2026

Mumbai’s water reserves have fallen to 10.7% of total storage capacity, prompting the Brihanmumbai Municipal Corporation (BMC) to review whether stricter water conservation measures are needed. The assessment comes after a 10% water supply cut was imposed across Mumbai and neighbouring areas due to declining reservoir levels. With the city dependent on seven lakes for drinking water, officials are evaluating current stocks, consumption trends and contingency measures to ensure adequate supply until monsoon inflows improve reservoir levels.Read more

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Mahindra Vista

19 Jun 2026

Mumbai City, India

Mahindra Vista is a new launch premium residential project by Mahindra Lifespaces on Akurli Road, Kandivali East, Mumbai, offering spacious 1, 2, 3 & 4 BHK apartments across 6 towers on 7.74 acres with 30+ world-class amenities. Located just 2 minutes from Western Express Highway beside Sanjay Gandhi National Park, it features cross-ventilated homes and excellent connectivity to Kandivali Station, Akurli Metro, Growels 101 Mall, and Mumbai Airport.

View Website | Visit RERA website

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Mumbai cuts water supply to construction sites as reservoir levels fall amid rainfall deficit

18 Jun 2026

Mumbai has imposed fresh water conservation measures after reservoir storage levels dropped to 10.35% of total capacity following the city's driest June in more than a decade. The Brihanmumbai Municipal Corporation (BMC) has temporarily disconnected water supply to construction sites and suspended new water connections for such projects from June 17. Water supply to industrial and commercial establishments, as well as sports clubs, has also been reduced by 20%, adding to an earlier 10% cut implemented in May. The restrictions come as Maharashtra recorded rainfall approximately 75% below normal during the first half of June. With the city's seven reservoirs holding enough water for only around 40 days, concerns have emerged over long-term water security and the impact of delayed monsoon rains on urban infrastructure and development activity.Read more

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Fire near Bandra Metro Line 2B site triggers safety probe as construction activity resumes

Mumbai News Desk

18 Jun 2026

A fire broke out at the under-construction Mumbai Metro Line 2B site near Bandra Reclamation flyover, prompting the Mumbai Metropolitan Region Development Authority (MMRDA) to initiate a safety probe into the incident. Officials confirmed that no structural damage was reported to the metro viaduct and no injuries occurred, although the blaze led to temporary disruption in the area. The incident occurred near a key elevated section of the Metro 2B corridor connecting Bandra East and West, where construction activity is ongoing as part of Mumbai’s expanding metro network.Read more

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Mumbai's Shivajinagar depot collapse sparks fresh safety concerns over ageing BEST infrastructure

Mumbai News Desk

18 Jun 2026

• A slab collapse at Mumbai’s Shivajinagar BEST bus depot triggered renewed concerns over the structural condition of ageing transport infrastructure across the city.
• Around 25 depot employees narrowly escaped injury after noticing warning signs and evacuating the affected area shortly before the collapse.
• Preliminary accounts suggest visible cracks and signs of structural distress had appeared before the incident, prompting questions about maintenance and inspection practices.
• The collapse has intensified calls for comprehensive structural audits and accelerated repair programmes across older BEST facilities.
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Kalki Koechlin sells Andheri West apartment for INR 2.55 crore amid rising suburban prices

Mumbai News Desk

18 Jun 2026

Actor Kalki Koechlin has sold a 1,230 sq ft apartment in Andheri West, Mumbai, for INR 2.55 crore, according to property registration documents reviewed by real estate data platforms. The transaction reflects continued activity in Mumbai's western suburban housing market, where average residential prices in Andheri West have risen by about 6.8 per cent year-on-year to around INR 29,000 per sq ft. The apartment forms part of a residential development in one of the city's established residential and commercial micro-markets.Read more

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Mumbai and Navi Mumbai’s Sea-view housing market is no longer one market

18 Jun 2026

Mumbai’s sea-facing housing landscape is undergoing a structural shift driven by major infrastructure additions such as the Coastal Road, Mumbai Trans Harbour Link (Atal Setu), and the proposed Versova-Bandra Sea Link. These projects are gradually dissolving long-standing geographic constraints, bringing new coastal pockets into residential consideration and expanding the idea of waterfront living beyond traditional luxury zones. While South Mumbai’s ultra-prime belt continues to operate on scarcity-led demand and legacy value, emerging corridors are introducing relatively accessible entry points for sea or creek-facing homes. In 2026, the pricing gap between established luxury neighbourhoods and new coastal micro-markets is widening significantly, with emerging locations offering entry levels that are nearly one-tenth to half of prime South Mumbai rates.Read more

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Raheja Universal unveils private rooftop restobar at Raheja Imperia in Worli

18 Jun 2026

Raheja Universal has introduced Horizon, a private rooftop restobar for residents at its Raheja Imperia-I project in Worli, Mumbai. Located on the 60th floor, the 20,500 sq ft amenity forms part of the project's lifestyle offering and is operated by Aufside Hospitality LLP. The developer said the facility is part of its strategy to enhance resident experience through hospitality-led amenities, alongside other features including an infinity sky pool, open-air theatre and sky deck.Read more

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Mumbai’s redevelopment wave could unlock INR 1.5 lakh crore housing market by 2031

Mumbai News Desk

18 Jun 2026

• Mumbai’s redevelopment pipeline is projected to unlock nearly 59,000 new homes with an estimated market value of INR 1.5 lakh crore by 2031, according to a recent industry assessment.
• Society redevelopment has emerged as a major growth driver, with more than 1,000 housing societies currently undergoing redevelopment across the city.
• Suburban locations such as Borivali, Andheri, Bandra and Ghatkopar are leading activity as ageing housing stock and rising land constraints accelerate redevelopment demand.
• Policy reforms, improved approval mechanisms and strong housing demand are expected to support the next phase of redevelopment-led urban renewal.
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Navkarmik Shiv Jaya

18 Jun 2026

Mumbai City, India

Navkarmik Shiv Jaya is a residential project in Borivali East, Mumbai, offering 2 & 3 BHK apartments with modern amenities including swimming pool, fitness center, landscaped gardens, children's play area, and 24/7 security. Located in Borivali East near Eastern Express Highway and Borivali Railway Station, it provides excellent connectivity to Central Line, top schools, hospitals, shopping destinations like Nexus Borivali, and is close to Santaracruz Airport and Sanjay Gandhi National Park.

View Website | Visit RERA website

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Mumbai redevelopment gathers pace as 70 developer agreements signed in first 90 days of 2026

Mumbai News Desk

17 Jun 2026

Mumbai's redevelopment market has opened 2026 on its strongest footing in years, with nearly 70 developer agreements signed within the first 90 days of the year accounting for over 30 per cent of the total agreements recorded across the whole of 2025. The 70 societies cover approximately 52.2 acres, signalling sustained developer appetite as the city's cumulative pipeline crosses 1,094 societies and 432 acres. Multiple industry reports project a pipeline output of approximately 59,000 new homes worth INR 1,500 billion by 2031, with society redevelopment expected to generate over INR 9,115 crore in stamp duty revenues over the project lifecycle.Read more

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Metro Line 2B achieves key engineering feat with 252 MT steel span launch over Central Railway corridor

17 Jun 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed a major construction milestone for Metro Line 2B by successfully launching the first composite steel span across the Central Railway corridor between Kurla and Vidyavihar stations on the CSMT–Panvel route. The 54.25-metre-long structure, weighing 252 metric tonnes, was installed during a two-hour railway block through coordinated planning with Central Railway. The operation involved heavy-duty hydraulic cranes, extensive manpower and strict safety measures, marking another significant step in the progress of one of Mumbai’s important metro infrastructure projects.Read more

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