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

Oberoi Realty capitalises Bandra East SPV with INR 268.50 crore to advance 99-year RLDA railway land lease

Mumbai News Desk

16 Jun 2026

Oberoi Realty infused INR 268.50 crore into its wholly owned subsidiary Centerstage Realty Private Limited on 9 June 2026, meeting the minimum paid-up capital requirement stipulated in the bid documents for the Railway Land Development Authority's Bandra East land parcel. The SPV, incorporated just a week earlier on 2 June 2026, will exclusively execute the development of approximately 45,371 sq m of railway land adjoining the Western Express Highway, leased for 99 years. This follows Oberoi's earlier first tranche payment of INR 247.50 crore to RLDA and its winning bid of INR 5,400 crore in February 2026.Read more

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Navi Mumbai Metro network to expand under INR 5,575 crore state-approved plan

16 Jun 2026

• The Maharashtra government has approved a INR 5,575 crore expansion of the Navi Mumbai Metro network, covering Metro Line 1A and Line 2.
• The project will create a 28-km corridor connecting Sagar Sangam with the upcoming Navi Mumbai International Airport and add 13 new stations to the network.
• Approved as part of a broader INR 22,611 crore infrastructure package, the expansion aims to strengthen airport connectivity, improve urban mobility and enhance public transport integration across Navi Mumbai.
Read more

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Wind barriers installed on Mumbai-Pune Expressway bridge to counter crosswinds

Mumbai News Desk

16 Jun 2026

MSRDC has begun installing specialised wind barriers on the cable-stayed bridge section of the Mumbai-Pune Expressway’s missing link project to improve motorist safety. The barriers are being erected along the 650-metre bridge over Tiger Valley, where strong crosswinds can affect vehicle stability due to the structure’s height and location. Designed to reduce wind impact and lateral movement, the installation is intended to enhance safety during monsoons and extreme weather while supporting the operation of the new corridor.Read more

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Mobile connectivity rollout begins on Mumbai Metro Line 3 as telecom operators expand network coverage

Mumbai News Desk

16 Jun 2026

• Mobile network services are being restored across Mumbai Metro Line 3’s underground Aqua Line after a prolonged connectivity gap.
• Airtel has activated services between SEEPZ and BKC, while Vodafone Idea has extended coverage from SEEPZ to Acharya Atre Chowk, with further expansion planned.
• The rollout follows the resolution of infrastructure-related issues between telecom operators and the Mumbai Metro Rail Corporation.
• Full corridor-wide coverage, including the stretch up to Cuffe Parade, is expected to be introduced in phases over the coming weeks.
Read more

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Buildarch Saffron

16 Jun 2026

Mumbai City, India

Buildarch Saffron is a new launch boutique residential project by Buildarch at Shivaji Park, Dadar West, Mumbai, offering Vastu-compliant 1 RK, 1, 2, 3 & 4 BHK apartments across 1 building with 28 units on 0.11 acres. Located in the peaceful Hindu Colony area with modern amenities including CCTV, rainwater harvesting, power backup, it offers seamless connectivity to Shivaji Park Monorail Station, Eastern Express Highway, Hinduja Hospital, and Bombay Scottish School.

View Website | Visit RERA website

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Court upholds tenancy rights of woman occupant in Mumbai property dispute

16 Jun 2026

A Mumbai court has upheld the tenancy rights of a woman occupant in a long-running property dispute, ruling that her lawful occupation and tenancy status could not be extinguished through competing ownership claims. The judgment reaffirmed protections available to tenants under existing tenancy laws and clarified that tenancy rights survive changes in property ownership. The ruling is expected to have implications for similar disputes involving inherited tenancy claims, redevelopment projects and landlord-tenant conflicts across the city.Read more

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Mithi River desilting misses June 10 deadline as key stretches remain incomplete

Mumbai News Desk

15 Jun 2026

Mumbai's annual Mithi River desilting exercise has missed its June 10 completion deadline, with major stretches in Kurla and Bandra-Kurla Complex (BKC) still awaiting clearance before the peak monsoon season. While the Brihanmumbai Municipal Corporation (BMC) has reported that around 84% of the planned desilting work has been completed, pending works at several critical locations have raised concerns over the city's flood preparedness. Officials have attributed the delays to operational challenges and have stated that work will continue until the remaining stretches are cleared.Read more

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As reservoir levels shrink, BMC turns to Mumbai’s forgotten wells for water resilience

Mumbai News Desk

15 Jun 2026

• Facing declining reservoir levels and delayed monsoon progress, the BMC has launched a citywide initiative to identify, revive and utilise nearly 350 open wells across Mumbai.
• The wells will be restored primarily for non-potable uses such as construction, gardening and civic maintenance, helping reduce pressure on the city’s potable water supply network.
• The move comes as Mumbai’s combined lake storage has fallen to around 12.12% of total capacity, prompting authorities to explore alternative water sources and strengthen conservation measures.
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Juhu apartment fire injures eight, raises fresh concerns over residential building safety

15 Jun 2026

• Eight people were injured after a fire gutted a flat in a residential building in Juhu, Mumbai, prompting a large emergency response from fire and civic authorities.
• The blaze caused extensive damage to the affected apartment, while injured residents were shifted to hospital for treatment.
• Authorities have launched an investigation into the cause of the fire, with the incident renewing attention on fire safety preparedness and emergency response measures in residential buildings across Mumbai.
Read more

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Shreyas Iyer takes Worli luxury apartment on rent with INR 7.14 crore lease deal

Mumbai News Desk

15 Jun 2026

• Cricketer Shreyas Iyer has leased a luxury apartment in Mumbai’s Worli for three years with a total rental commitment of around INR 7.14 crore.
• The 3,875 sq ft apartment is located in the premium Artesia residential tower and comes with four car parking spaces.
• The lease starts at a monthly rent of INR 18.5 lakh, with a 7% escalation built into the agreement each year.
• Property records show a security deposit of INR 74 lakh, along with stamp duty of INR 1.84 lakh and registration charges of INR 1,000.
• The transaction highlights continued demand for luxury rental homes in Worli, one of Mumbai’s most expensive residential markets.
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Inside Mumbai’s Most Talked-About Dining Destinations

15 Jun 2026

Mumbai’s dining culture continues to evolve into a mix of experimental kitchens, global cuisines, neighbourhood social hubs and heritage-inspired restaurants that reflect the city’s shifting lifestyle patterns. Moving beyond its street food identity, the city now offers experiences ranging from artisanal Japanese dining and progressive Indian kitchens to relaxed suburban lounges and coastal fine dining institutions. Restaurants such as Masque, Ekaa, Wasabi by Morimoto, Trishna, Mizu, Tanatan and Mitron highlight how Mumbai’s food landscape is increasingly shaped by design, experience and storytelling as much as by food itselfRead more

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Gurukrupa Ekam

15 Jun 2026

Mumbai City, India

Gurukrupa Ekam is a residential project by Gurukrupa Realcon in Jogeshwari West, Mumbai, offering 2 & 3 BHK apartments spread across 331 homes on 1 acre. Located close to Link Road in the active city neighborhood, it provides convenient daily travel access with shops, markets, and local services nearby, making it ideal for families seeking familiar and well-connected living in Jogeshwari West.

View Website | Visit RERA website

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Maharashtra fast-tracks land transfer for JJ Hospital expansion

Mumbai News Desk

15 Jun 2026

• The Maharashtra government has moved to expedite the transfer of the Richardson & Cruddas land parcel in Mumbai to support the expansion of Sir JJ Hospital.
• Deputy Chief Minister Eknath Shinde has directed the collector to accelerate administrative procedures related to the handover.
• The site is expected to provide additional space for future healthcare infrastructure and capacity enhancement.
• The move is part of broader efforts to strengthen public healthcare facilities and accommodate rising patient demand in Mumbai.
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Mumbai Metro 3 begins rollout of underground mobile connectivity network

Mumbai News Desk

14 Jun 2026

• Mobile connectivity has begun rolling out on Mumbai Metro Line 3’s underground Aqua Line after months of delays caused by disputes over telecom infrastructure deployment.
• Airtel and Vodafone Idea have started activating services across sections of the 33.5-km corridor linking Aarey JVLR and Acharya Atre Chowk, Worli.
• The rollout follows agreements with MMRCL to install network infrastructure within stations and tunnels.
• Coverage will be expanded in phases, improving connectivity for commuters travelling on the underground route.
Read more

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NMMC removes 1.5 tonnes of waste in railway station clean-up drive

14 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) conducted a special cleanliness drive at several railway stations across the city, removing around 1.5 tonnes of waste as part of a week-long sanitation campaign organised to mark World Environment Day. The exercise covered Turbhe, Ghansoli, Vashi, Nerul, Digha and Rabale railway stations and adjoining areas, with more than 125 sanitation workers participating in the operation. The civic body said the initiative was undertaken to maintain cleanliness standards at high-footfall public locations and to preserve Navi Mumbai’s standing among India’s cleanest cities. NMMC has also written to CIDCO seeking the transfer of maintenance responsibilities for 11 railway stations within its jurisdiction.Read more

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Mumbai emerges among world’s leading financial services talent hubs: Colliers

14 Jun 2026

Mumbai has been ranked among the world’s leading financial services talent centres in Colliers’ Global Financial Services Markets 2026 report, which analysed more than 200 markets globally. The city was classified as India’s primary financial services Global Centre and placed among the top global hubs alongside New York City, London, Singapore, Beijing, Shanghai, Hong Kong and Tokyo. The report highlights Mumbai’s strong labour market, sizeable talent pool and concentration of financial services headquarters. India also featured prominently across the rankings, with Delhi NCR, Bengaluru, Hyderabad, Chennai and Pune emerging as key financial services talent destinations, reflecting the country’s growing role in global banking, financial technology and business operations.Read more

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Navi Mumbai earns state award for renewable energy-led urban governance

14 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has received the ‘Excellence in Renewable Energy-Led Urban Governance’ award at the Maharashtra Energy Expo Awards 2026 in recognition of its initiatives in renewable energy and sustainable urban development. The award, presented by Solar Quarter, acknowledges the civic body's implementation of solar power projects across public infrastructure, large-scale deployment of solar and LED street lighting, and energy conservation measures. NMMC has installed solar energy systems across 25 public buildings and 50 public facilities, generating over 350,000 units of renewable energy annually. The recognition also highlights the corporation's upcoming 100 MW floating solar project at Morbe Dam, which is expected to significantly expand clean energy generation and support long-term sustainability objectives.Read more

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Navi Mumbai mayor reviews water quality and supply situation in Ghansoli, Airoli and Digha

14 Jun 2026

Navi Mumbai Mayor Sujata Patil conducted a review of the water supply situation in Ghansoli, Airoli and Digha following the restoration of services after a three-day shutdown. While complaints regarding muddy water have reduced significantly, the mayor inspected water samples collected from households and interacted with residents and elected representatives to assess supply quality. Concerns were raised regarding water supplied by MIDC, ageing pipelines in gaothan and slum areas, and water wastage across the city. Patil suggested regular testing of MIDC water and the establishment of a dedicated water treatment facility in Digha. She also urged citizens to conserve water as Morbe Dam's storage level has fallen to 14.94 per cent and directed action against unauthorised use of potable water at construction sites.Read more

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Textile recycling centre turns fabric waste into livelihoods for women in Navi Mumbai

14 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) highlighted the role of textile waste recycling in promoting environmental sustainability and women's empowerment during a World Environment Day programme held at the Textile Recovery Facility (TRF) in CBD Belapur. The facility, established through a partnership involving the Ministry of Textiles' Textile Committee, NMMC, Tisser Artisan Trust, IDH and SBI Foundation, focuses on recycling discarded textiles into usable products while creating livelihood opportunities for women. Municipal Commissioner Dr Kailas Shinde said the initiative demonstrates how circular economy practices can help address fabric waste, develop new skills among women and generate employment. The event also brought together government officials, industry representatives and self-help groups to discuss sustainable livelihood opportunities linked to textile recycling.Read more

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NMMC intensifies awareness campaign on new solid waste management rules across housing societies

13 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has undertaken a city-wide awareness campaign to educate residents, housing societies and institutions about the Solid Waste Management Rules 2026, which came into effect on 1 April 2026. As part of activities organised around World Environment Day, civic teams conducted outreach programmes between 5 and 11 June across residential societies and colonies in all eight ward office jurisdictions. The campaign focused on waste segregation at source, mandatory disposal practices and compliance requirements under the new regulations. Officials also highlighted the obligation for bulk waste generators producing more than 100 kg of waste per day to establish on-site waste processing facilities. The initiative forms part of NMMC's efforts to improve waste management practices and strengthen citizen participation in environmental sustainability programmes across the city.Read more

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