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

MMRDA activates AI-backed monsoon preparedness plan across Maha Mumbai Metro network

10 Jun 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has rolled out an extensive monsoon preparedness strategy across Metro Lines 2A, 2B, 7 and 9 to ensure uninterrupted operations during the rainy season. The plan includes deployment of 2,496 CCTV cameras, 30 emergency water pumps, five standby trains, a 24x7 disaster control room and AI-enabled monitoring systems. Special attention has been given to Metro Lines 2B and 9, which are experiencing their first operational monsoon. The initiative also covers flood mitigation, infrastructure maintenance, passenger communication, weather monitoring and coordinated emergency response mechanisms.Read more

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Agami Realty unveils Agami Legends in Bandra East, with Sunil Gavaskar as brand ambassador

10 Jun 2026

Mumbai-based Agami Realty has announced Agami Legends, an ultra-luxury residential project in Kalanagar, Bandra East, overlooking the MIG Cricket Club and Mahim Bay. The development marks a new addition to the city's premium housing segment and is inspired by the values associated with cricket, including discipline, strategy and legacy. Former Indian cricket captain Sunil Gavaskar has joined Agami Realty as its brand ambassador and will endorse the project. Planned as a low-density residential tower with 67 homes, the development aims to combine privacy, connectivity and thoughtfully designed living spaces in one of Mumbai's established residential neighbourhoods.Read more

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Maharashtra clears 65 railway infrastructure projects under MahaRail

10 Jun 2026

Maharashtra Chief Minister Devendra Fadnavis approved 65 railway infrastructure projects under the state Rail Infrastructure Development Corporation, MahaRail, at a review meeting in Mumbai on Monday. The projects forming the first phase of 131 proposed works on roads under the Public Works and Urban Development departments include railway overbridges, underpasses, and pedestrian bridges aimed at eliminating level crossings across the state. A total of 80 railway infrastructure projects have been proposed in urban centres statewide, with 17 in the Mumbai Metropolitan Region alone. Funding is to be arranged through HUDCO, with mechanisms to reduce borrowing costs being explored.Read more

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10 Food Gems Near Mumbai Railway Stations That Tourists Usually Miss

10 Jun 2026

• Mumbai’s food culture extends beyond popular restaurants, with many lesser-known neighbourhood eateries located near railway stations forming a strong local food map across the city.
• These spots include long-standing Maharashtrian breakfast stalls, iconic South Indian cafés, seafood joints, Indo-Chinese eateries, and heritage restaurants serving traditional recipes passed down over decades.
• Often within walking distance of major stations, these hidden gems remain everyday favourites for locals, offering authentic flavours, affordability, and cultural depth away from mainstream tourist attention.
Read more

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MMRDA charts fiscal turnaround as annual accounts and 2026–27 budget signal infrastructure-led growth

10 Jun 2026

• MMRDA’s Annual Accounts for FY 2023–24 reflect continued investment in major transport, water supply and regional infrastructure projects across the Mumbai Metropolitan Region.
• The Authority’s Budget 2026–27 marks its first surplus budget since 2017–18, with a total outlay of INR 48,072.57 crore and a projected surplus of INR 17 lakh.
• Around 87% of the proposed expenditure has been earmarked for development projects and schemes, underscoring a strong infrastructure-focused spending strategy.
• The budget prioritises regional connectivity, urban mobility, water security, climate resilience and decentralised growth under the Mumbai 3.0 development vision.
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Smartworks leases 400-plus desks in Mumbai deal worth INR 35 crore

10 Jun 2026

Smartworks Coworking Spaces Ltd has secured a five-year leasing agreement with the Indian subsidiary of a Japanese non-banking financial company (NBFC) for more than 400 desks at its Mumbai centre. The transaction is expected to generate rental revenue of approximately INR 35 crore over the contract period. The deal comes as demand for managed office spaces continues to strengthen across India’s major business hubs. As of March 31, 2026, Smartworks operated 66 centres spanning 16.1 million sq ft across 15 cities in India and Singapore. The company also reported a turnaround in its financial performance during FY2025-26, posting a net profit against a loss in the previous fiscal year amid strong growth in total income.Read more

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Santacruz West

10 Jun 2026

Mumbai City, India

Platinum Stellar is a premium residential project in Santacruz West, Mumbai, offering luxurious 2 & 3 BHK apartments with modern amenities including swimming pool, fitness center, club house, landscaped gardens, and 24/7 security. Located in the heart of Santacruz West near SV Road and Linking Road, it provides excellent connectivity to Western Railway, Santacruz Station, and top schools, hospitals, shopping destinations like High Street Phoenix, with possession by 2027.

View Website | Visit RERA website

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Vidyavihar, Sion and Mahalaxmi bridge projects face fresh setbacks ahead of monsoon

Mumbai News Desk

09 Jun 2026

• The Vidyavihar Railway Overbridge, Sion East-West Connector and Mahalaxmi East-West Connector have missed revised completion deadlines, delaying expected traffic relief across Mumbai.
• Rehabilitation work, railway modifications and land acquisition issues have pushed the Vidyavihar bridge beyond its June 2026 target.
• The Sion connector awaits steel girder launching by Central Railway, with completion now targeted for mid-August, subject to weather conditions.
• The Mahalaxmi connector has also been delayed and is now expected to be completed by the end of 2026.
Read more

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BMC orders probe into alleged misuse of athletes’ rooms at Andheri sports complex

09 Jun 2026

• The BMC has ordered an inquiry into the alleged misuse of 56 rooms meant for athletes at the Shahaji Raje Sports Complex in Andheri West, Mumbai.
• The probe follows allegations that the rooms were leased through an organisation and later sub-leased to a private hospitality operator.
• The controversy has renewed scrutiny of agreements linked to the sports complex’s management.
• Civic authorities will also examine complaints regarding user charges and the operation of facilities within the complex.
Read more

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BMC clears nearly 2,000 illegal structures in six months, easing path for major infrastructure projects

Mumbai News Desk

09 Jun 2026

• BMC removed nearly 2,000 illegal structures across Mumbai in the past six months as part of an intensified anti-encroachment campaign.
• Several demolition drives were carried out in areas affecting major infrastructure works, including the Goregaon-Mulund Link Road and land parcels earmarked for public projects.
• Civic authorities reclaimed significant stretches of public land and initiated measures to prevent fresh encroachments after demolition.
• Officials said the drive is aimed at reducing project delays, improving urban planning and facilitating long-pending transport and civic infrastructure developments.
Read more

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Newly opened Mrinal Tai Gore flyover draws flak over road quality

09 Jun 2026

• Mumbai’s newly opened Mrinal Tai Gore flyover has come under scrutiny after commuters reported uneven road surfaces and patchwork repairs within hours of its inauguration.
• The INR 248 crore BMC project is designed to improve connectivity between Goregaon East and Goregaon West and ease traffic congestion.
• Opposition leaders and residents have questioned construction quality, while civic officials have maintained that the issues relate to minor rectification work and do not affect the flyover’s structural safety.
Read more

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Shraddha Paradise Enclave

09 Jun 2026

Mumbai City, India

Shraddha Paradise Enclave is a residential project in Mulund West, 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 Mulund West near Liaqat Ali Road and Mulund-Ghodbunder Road, it provides excellent connectivity to Eastern Express Highway, Mulund Railway Station, top schools, hospitals, and shopping destinations.

View Website | Visit RERA website

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BEST’s 22-depot redevelopment plan gets CM push with focus on public interest and employee welfare

08 Jun 2026

The Maharashtra government has directed authorities to prepare a comprehensive redevelopment blueprint for the Brihanmumbai Electricity Supply and Transport (BEST) undertaking, focusing on public welfare, employee interests and Mumbai’s long-term urban development. Chairing a review meeting on the modernisation of BEST bus depots, Chief Minister Devendra Fadnavis said the plan should cover the redevelopment of 22 depots spread across 132 acres, staff housing, public amenities and financial sustainability. The proposal envisages induction of 7,000 buses, EV charging infrastructure, commercial developments and civic facilities under a Public-Private Partnership (PPP) framework. The government has clarified that ownership of BEST land and assets will remain with the undertaking, with projects proposed through long-term lease arrangements and the DBFOT model.Read more

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BKC launches Friday public transport drive for two lakh commuters

08 Jun 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced a ‘Weekly Public Transport Day’ in Bandra-Kurla Complex (BKC), encouraging nearly two lakh professionals working in Mumbai’s largest business district to use public or shared transport every Friday. Launched in collaboration with WRI India on World Environment Day, the initiative seeks to reduce traffic congestion, lower emissions and improve mobility across the commercial hub. The programme was announced during a roundtable attended by government officials, transport agencies, corporate representatives and mobility experts. A mobility study presented at the meeting revealed that a majority of BKC commuters continue to rely on private vehicles, while daily travel times remain high. The initiative also comes amid expanding metro connectivity in the district.Read more

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JSW, Reliance and Shapoorji among bidders for Gilbert Hill redevelopment

08 Jun 2026

• JSW Group, Reliance Industries and Shapoorji Pallonji Group have submitted bids for the redevelopment of the Gilbert Hill precinct in Andheri West, Mumbai.
• The Maharashtra government plans to upgrade infrastructure, accessibility and public amenities around the 66-million-year-old geological heritage site.
• The project seeks to improve the visitor experience while preserving the landmark’s heritage value.
• Authorities have invited private participation to prepare and implement a comprehensive redevelopment plan for the precinct.
Read more

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IHG signs deal to develop 350-key InterContinental hotel in Mumbai’s Goregaon

08 Jun 2026

IHG Hotels & Resorts has signed a management agreement with Zon Hotels (Mumbai) Private Limited to develop InterContinental Mumbai Goregaon, strengthening its luxury hospitality presence in Mumbai. Scheduled to open in the first quarter of 2030, the 350-key hotel will be located in Goregaon, a rapidly growing commercial and business hub in the city’s western suburbs. The project will feature luxury accommodation, multiple dining options, large-scale event facilities and wellness amenities. The development reflects growing investor confidence in Mumbai’s hospitality market amid increasing business travel, corporate demand and premium accommodation requirements.Read more

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14,000 Hutments to Be Rebuilt as Mumbai Rolls Out First 100-Acre Slum Redevelopment Project in Andheri

08 Jun 2026

• Mumbai has launched the redevelopment of a 100-acre slum cluster around Gilbert Hill in Andheri West, making it one of the city's largest slum redevelopment initiatives.
• The project will cover nearly 14,000 hutments and several existing residential structures under Maharashtra's newly introduced cluster redevelopment policy.
• It is the first major project among 19 large slum clusters identified across Mumbai for integrated redevelopment.
• The redevelopment aims to improve housing, civic infrastructure, road networks and public amenities while creating a planned urban neighbourhood.
• The project is expected to serve as a model for future cluster redevelopment projects across the city.
Read more

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BMC moves ahead with Gargai Dam project, eyes 440 MLD water boost for Mumbai by 2029

08 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) is advancing the long-pending Gargai Dam project in Palghar district, with infrastructure firm Soma Enterprises expected to execute the main construction package. The project, estimated at over INR 5,100 crore after revisions, is designed to augment Mumbai's water supply by 440 million litres per day (MLD) and become the city's eighth water source. Planned near Ogada village in Wada taluka, the dam is targeted for completion by 2029 and is expected to play a key role in addressing Mumbai's rising long-term water demand.Read more

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IHG Hotels & Resorts inks pact with Zon Hotels for 350-key InterContinental Mumbai Goregaon property

08 Jun 2026

IHG Hotels & Resorts has signed a management agreement with Zon Hotels (Mumbai) Private Ltd to develop InterContinental Mumbai Goregaon, strengthening its luxury hospitality presence in India’s financial capital. The 350-key hotel is expected to open in the first quarter of 2030 and will be located in Goregaon, a rapidly growing commercial and business district. The development comes as Mumbai continues to witness strong demand from both business and leisure travellers. The project also reflects IHG’s broader expansion strategy in India, where the company already operates 52 hotels and has a significant pipeline of upcoming properties.Read more

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Mumbai 3.0 drives demand towards plotted developments across emerging MMR corridors

08 Jun 2026

Mumbai’s next phase of urban expansion is increasingly being defined by infrastructure-led growth across the extended Mumbai Metropolitan Region (MMR), with industry stakeholders referring to the trend as “Mumbai 3.0”. Spanning emerging locations such as Panvel, Karjat, Khalapur, Pen and Alibaug, the growth cycle is being supported by major connectivity projects including the Navi Mumbai International Airport, Atal Setu, the Virar–Alibaug Corridor and railway upgrades. Real estate developers and market experts say rising property prices and limited land availability in Mumbai and parts of Navi Mumbai are prompting homebuyers and investors to explore peripheral markets. Organised plotted developments, integrated townships and branded land projects are gaining traction as buyers seek affordability, flexibility, lifestyle amenities and long-term capital appreciation in infrastructure-linked micro-markets.Read more

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