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04 May 2026
03 May 2026
Banke International Properties – India reported gross transaction value of approximately INR 587 crore in Mumbai during the last financial year, registering around 20% year-on-year growth. Residential real estate accounted for nearly 90% of the transactions, led by premium and luxury housing segments. Thane emerged as the top-performing micro-market, followed by Central and Western suburbs, Navi Mumbai and South Mumbai. End-users contributed 70% of the demand, while investors accounted for the remainder. The firm has strengthened its deal pipeline through partnerships with leading developers and is targeting INR 1,000 crore in transactions in the current financial year, alongside exploring plotted development opportunities aligned with Mumbai 3.0.Read more
03 May 2026
The Maharashtra Housing and Area Development Authority (MHADA) has extended the application deadline for its Mumbai housing lottery, offering 2,640 flats across key locations in the city. Applicants can now apply until May 14, with EMD payments accepted until May 15. The lottery draw has been rescheduled to June 5. The extension comes after a slower-than-expected response, with applications yet to cross 40,000. The scheme continues to cater to multiple income groups and remains one of the most accessible government-backed housing opportunities in Mumbai.Read more
03 May 2026
SOTC Travel has inaugurated its 100th retail store at Nariman Point, Mumbai, marking a key milestone in its physical network expansion across 53 cities in India. The move reflects the company’s continued focus on strengthening its omnichannel distribution strategy by integrating physical retail with digital platforms. The outlet is positioned to cater to high-value urban consumers, including corporate and affluent travellers. Alongside retail expansion, the company is investing in technology-driven solutions and customised travel offerings to address evolving consumer preferences across segments, including leisure, spiritual and experiential tourism. The development highlights sustained growth in organised travel services and premium customer engagement in metro markets.Read more
03 May 2026
Avhad Group has launched Avhad Bayline Residences in Mahim, marking its entry into South Mumbai’s premium housing segment. The project, introduced in the past week, has reported encouraging initial demand from homebuyers seeking centrally located, design-led residential developments. Comprising 251 units with extensive lifestyle amenities spread across multiple levels, the development reflects a growing preference for community-oriented living within established urban neighbourhoods. Designed in collaboration with architect Reza Kabul, the project integrates sustainability features alongside premium amenities. The launch highlights continued demand for upgrade housing within city limits, particularly in well-connected micro-markets such as Mahim.Read more
03 May 2026
Mumbai’s western suburbs are undergoing a structural shift towards high-rise, mixed-use developments driven by land scarcity, infrastructure upgrades and evolving urban planning frameworks, according to insights shared by Ruchit Mehta of Mehta Realty. The Malad–Goregaon–Kandivali corridor is emerging as a key growth belt, supported by metro expansion, improvements along the Western Express Highway and transit-oriented development policies. Developers are increasingly focusing on integrated projects combining residential, commercial and social infrastructure. The trend is further supported by redevelopment activity and sustainability-led construction practices, reflecting changing end-user demand for community-oriented, self-sufficient urban environments across Mumbai’s western corridor.Read more
02 May 2026
The Bombay High Court has dismissed a petition challenging the redevelopment of a large housing cluster in Wadala, enabling Sahakar Nagar Co-operative Housing Society to appoint a new developer after prolonged delays. The project, involving over 800 residential units across 46 buildings constructed in the late 1950s, had remained stalled for more than a decade under the previous developer. The court’s decision removes legal hurdles and permits redevelopment to move forward, offering relief to residents living in ageing structures. A mediator has been appointed to address pending disputes, while the newly selected developer is expected to undertake reconstruction, marking progress in a long-delayed urban renewal project in Mumbai.Read more
02 May 2026
Alliance City Developers Realtors Pvt. Ltd. has reported a development milestone with 19 residential projects across Mumbai over more than a decade, including 12 completed, seven ongoing, and three upcoming developments. Operating in micro-markets such as Matunga, Vile Parle, Santacruz, Malad, Borivali, and Mulund, the developer has delivered over 1.2 million sq ft of housing and handed over homes to more than 700 families. The company continues to focus on redevelopment-led projects with a defined execution timeline, supported by an active pipeline of ongoing and planned developments. Several projects are approaching completion, while new launches are being planned in established residential locations, indicating continued expansion in Mumbai’s redevelopment segment.Read more
02 May 2026
The Supreme Court has asked Larsen & Toubro (L&T) to vacate a prime bungalow in Mumbai’s Pali Hill area, ending a legal dispute that has continued for over two decades. The property, valued at around INR 1,000 crore, was occupied by former chairman A.M. Naik. The court declined to interfere with earlier rulings, including the Bombay High Court’s eviction order. The decision reinforces ownership rights in long-pending tenancy matters and brings closure to one of Mumbai’s high-value residential property disputes.Read more
01 May 2026
A redevelopment proposal at the Bombay Taximen’s Cooperative Housing Society in Kurla, Mumbai, has triggered internal conflict among residents following the selection of Syba Spaces as the developer. The 8.5-acre housing complex near Bandra-Kurla Complex includes over 650 residential units and commercial spaces. Allegations of lack of transparency, quorum issues, and procedural violations during the special general meeting have been raised by dissenting members. The dispute highlights governance challenges in large-scale housing society redevelopments in Mumbai’s prime urban locations.Read more
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01 May 2026
A proposal of INR 3.4 crore to renovate the Mumbai mayor’s official residence in Byculla has been placed before the civic standing committee, raising concerns over high spending. The heritage bungalow, located inside Veermata Jijabai Bhosale Botanical Garden, is structurally sound but is set for extensive interior upgrades. RTI activist Anil Galgali has questioned the need for such costs, highlighting recent repairs and low maintenance spending in past years. The proposal includes new rooms, modern fittings and design upgrades, bringing focus back on transparency and prioritisation of civic funds.Read more
01 May 2026
House of Hiranandani has secured redevelopment rights for an approximately 3-acre land parcel in Borivali West, Mumbai, where it plans to develop a premium residential project. The project is expected to generate around INR 3,000 crore in revenue from a saleable carpet area of 7.6 lakh sq ft. The development will include rehabilitation for existing residents alongside over 850 new homes for sale. The project reflects continued redevelopment-led supply in Mumbai’s suburban markets, where land availability remains constrained and developers are increasingly relying on redevelopment opportunities to expand their portfolios.Read more
01 May 2026
The Bombay High Court has allowed a Wadala-based housing society to appoint a new developer after its redevelopment project remained stalled for several years. The court rejected the original developer’s plea to stop the move, observing that there was no meaningful progress despite being appointed long ago. The project involves 46 buildings and nearly 900 occupants. The court emphasised that residents cannot be made to wait indefinitely for redevelopment, especially in ageing structures, and said their right to timely and safe housing must take priority over a developer’s commercial interests.Read more
01 May 2026
Ongoing repair and reconstruction of five key bridges between Byculla and Sion has disrupted traffic across Mumbai’s island city. The closure of major flyovers and partial restrictions on others have diverted vehicles onto internal roads, increasing congestion and travel time. Areas such as Dadar, Parel and Byculla are seeing consistent slow movement, especially during peak hours. The works are part of efforts to replace ageing structures and improve safety. While authorities have planned phased reopenings, the current situation is expected to continue until critical sections are completed.Read more
01 May 2026
30 Apr 2026
The Maharashtra government has ordered an FIR in the INR 87 crore Borivali land compensation case involving alleged wrongful payout to a private builder. The land, owned by the Devrukhkar family and reserved for a public garden, became the centre of dispute after compensation was reportedly released based on questionable documents. Earlier reviews had flagged procedural lapses, with part of the amount already recovered. The case highlights issues in land acquisition processes, disputed ownership claims, and accountability of officials involved in approving and disbursing compensation.Read more
30 Apr 2026
A criminal case has been registered against four individuals for allegedly cheating around 80 buyers in a land fraud worth nearly INR 3.48 crore. The accused sold plots on assigned land that cannot be legally transferred, using fake documents and a fabricated layout. Buyers were promised early investment benefits and future approvals, but no sale deeds or possession were provided. Investigations revealed a pattern of misleading multiple investors through similar tactics. The case highlights ongoing concerns around illegal land sales and lack of due diligence in pre-launch real estate transactions.Read more
30 Apr 2026
Mumbai’s Slum Rehabilitation Authority (SRA) has introduced a stricter safeguard by freezing a portion of developers’ sale flats to ensure timely rent payments to displaced slum residents. The move requires developers to lock units equivalent to around three years of rent liability until rehabilitation is completed. This builds on earlier rules mandating advance rent deposits but addresses continued delays and defaults. By linking rent obligations to project inventory, the authority aims to improve accountability, reduce financial risk for residents, and bring more discipline to redevelopment projects.Read more
30 Apr 2026
The Navi Mumbai Municipal Corporation (NMMC) has identified more than 500 buildings as structurally unsafe following a city-wide survey, issuing evacuation notices to occupants in high-risk categories. The action, undertaken in compliance with court directions, primarily targets older structures requiring urgent structural audits and potential demolition or repair. Buildings classified under the most critical category have been directed to be vacated immediately, raising concerns over resident displacement and redevelopment readiness. The move highlights increasing scrutiny on ageing housing stock in the Mumbai Metropolitan Region, where structural safety, periodic audits and redevelopment planning remain key challenges for civic authorities and housing societies.Read more
30 Apr 2026
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