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

SCLR Phase 2 reaches final stage as MMRDA pushes for faster completion

29 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has accelerated efforts to complete Phase 2 of the Santacruz-Chembur Link Road (SCLR), with nearly 98% of the physical work already finished. Metropolitan Commissioner Dr. Sanjay Mukherjee recently reviewed progress at the BKC-Vakola connector and directed officials and contractors to speed up the remaining work while maintaining construction quality and safety standards. Once operational, the final phase of the corridor is expected to improve east-west connectivity across Mumbai by linking major highways and commercial hubs, while also reducing travel time by nearly 35 minutes and easing congestion on key roads.Read more

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BMC explores holding ponds and drain diversion to tackle recurring Andheri subway flooding

29 May 2026

The Brihanmumbai Municipal Corporation is evaluating construction of holding ponds and diversion of stormwater drains as part of a broader plan to reduce chronic flooding at the Andheri subway before future monsoon seasons. According to civic officials and multiple media reports, the proposed intervention could involve temporary storage ponds capable of holding excess rainwater near the subway during heavy rainfall events. Officials stated that nearly three potential sites have been identified for the project, while alternative engineering measures, including diversion of stormwater flow from the Jogeshwari area, are also under consideration. The civic body acknowledged that the flooding issue may persist this monsoon as long-term mitigation works remain under evaluation and planning stages.Read more

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Mehta Realty launches Mehta Angelo commercial project in East Goregaon

29 May 2026

• Mehta Realty has launched Mehta Angelo, a Grade-A commercial project in East Goregaon, Mumbai, aimed at supporting both current and future business expansion needs.
• The development offers 35,000 sq. ft of office space across a seven-storey structure, with unit sizes ranging from 445 sq. ft to 4,919 sq. ft.
• Designed with efficient layouts and open-plan spaces, the project allows businesses to customise offices based on operational requirements.
• Located in a well-connected commercial belt, it provides access to rail, metro, and major road networks, including proximity to key business hubs.
• The project also includes sustainability features such as LEED Gold pre-certification, energy-efficient systems, and water conservation measures.
Read more

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Mithi river desilting lags at 62% days before Mumbai monsoon deadline

Mumbai News Desk

29 May 2026

Brihanmumbai Municipal Corporation has completed only 62% of the Mithi river desilting work despite the approaching monsoon preparedness deadline in Mumbai. With just days remaining before the onset of heavy rainfall, concerns are rising over flooding risks in low-lying and river-connected areas across the city. Civic officials cited operational and logistical hurdles for the delay. The Mithi river remains central to Mumbai’s stormwater drainage network, making timely desilting critical for reducing waterlogging and maintaining flow capacity during the monsoon season.Read more

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Arkade Developers targets INR 1,100 crore revenue from Mumbai redevelopment project

29 May 2026

Arkade Developers has secured cluster redevelopment rights for nine housing societies in Mumbai, with the project expected to generate around INR 1,100 crore in revenue. The redevelopment will cover nearly 3 acres and offer a saleable area of 3.25 lakh square feet. The company disclosed the development in a regulatory filing during the week. Mumbai’s redevelopment market has continued to remain active due to limited land availability and growing demand for modern housing projects. Arkade Developers, which has delivered over 5.5 million square feet so far, is also constructing more than 2 million square feet across ongoing projects.Read more

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BMC tables final tree-cutting proposals for Versova–Dahisar Coastal Road project

Mumbai News Desk

29 May 2026

• The Brihanmumbai Municipal Corporation has submitted six final proposals involving cutting and transplantation of over 2,200 trees for the Versova–Dahisar Coastal Road project in Mumbai’s western suburbs.
• According to civic documents and multiple media reports, nearly 1,000 trees are proposed to be cut while around 1,288 trees are planned for transplantation across stretches between Goregaon, Malad and Dahisar.
• The civic body stated that compensatory plantation of more than 19,500 trees will be undertaken in Panvel due to limited plantation space available within Mumbai.
• The proposals have been placed before BMC’s Tree Authority amid opposition from residents and environmental groups over potential green cover loss and mangrove impact linked to the coastal road project.
Read more

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Mogra pumping station project in Andheri moves ahead after coastal clearance more than two decades after 2005 floods

Mumbai News Desk

29 May 2026

The Brihanmumbai Municipal Corporation’s long-delayed Mogra pumping station project in Andheri has moved closer to execution after receiving clearance from the Maharashtra Coastal Zone Management Authority. Planned near Mogra nullah in Andheri East, the project forms part of Mumbai’s flood mitigation infrastructure aimed at reducing waterlogging in low-lying areas during heavy rainfall. The proposal, conceived after the July 2005 floods, had faced delays linked to land acquisition and environmental approvals. Civic officials expect the facility to strengthen stormwater drainage capacity in the western suburbs.Read more

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Kolte Patil Vivere

29 May 2026

Mumbai City, India

Kolte Patil Vivere is a new launch premium residential project in Bangur Nagar, Goregaon West, Mumbai, offering expansive 2 & 3 BHK apartments across 2 towers with 32 floors on 1.6 acres.

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Maharashtra government backs Worli jetty redevelopment with helipad and water transport plans

28 May 2026

The Maharashtra government has accelerated plans for redevelopment of the Worli jetty in Mumbai, with proposals for a helipad, water transport integration and emergency service infrastructure at the Coastal Road site. The project is being coordinated between the Brihanmumbai Municipal Corporation (BMC), Maharashtra Maritime Board (MMB) and other state agencies. Authorities are evaluating long-term public use of the temporary jetties constructed during the Mumbai Coastal Road project, including passenger water transport, medical emergency services and coastal connectivity infrastructure.Read more

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BMC plans revival of Mumbai’s first decentralised waste-to-energy plant at Pali Hill

28 May 2026

The Brihanmumbai Municipal Corporation (BMC) plans to revive Mumbai’s first decentralised waste-to-energy plant at Pali Hill in Bandra after the facility became defunct last year. Operational since 2018, the citizen-led project developed with the Pali Hill Residents Association processed nearly one tonne of organic waste daily and generated electricity for around 69 streetlights in the locality. Civic officials are now exploring revival of the facility through CSR funding while also assessing expansion of its waste-processing capacity as part of Mumbai’s broader decentralised waste-management initiatives.Read more

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BMC plans revised trenching policy amid rise in Mumbai road excavation works

28 May 2026

The Brihanmumbai Municipal Corporation (BMC) is preparing a revised trenching policy amid rising road excavation works linked to utility infrastructure projects and piped natural gas expansion across Mumbai. The civic body has sought higher allocations for trench-refilling and restoration works as existing provisions have been substantially utilised. Under the proposed framework, utility agencies may be required to directly undertake road restoration after excavation activities. BMC officials stated that the policy aims to reduce repeated road digging, improve restoration quality and ensure quicker reinstatement of roads across the city.Read more

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MahaRail completes installation of all 40 stay cables for under-construction Byculla bridge

28 May 2026

• Maharashtra Rail Infrastructure Development Corporation has completed the installation of all 40 stay cables for the under-construction Byculla Cable-Stayed Road Over Bridge in Mumbai.
• The four-lane bridge spans 916 metres and includes a 50-metre-high pylon designed to improve east-west connectivity across Byculla.
• The project is being developed at an estimated cost of around INR 287 crore and is expected to improve traffic movement between South Mumbai, Dadar and the Eastern Express Highway.
• Officials stated that the bridge is in its final phase of construction and is expected to provide weather-resilient connectivity for commuters.
Read more

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BMC plans tech-led tree census and green cover tracking system

28 May 2026

• The Brihanmumbai Municipal Corporation plans to launch a citywide digital tree census and green cover dashboard using GIS mapping and digital survey systems.
• The initiative will digitally record tree species, locations, health conditions and plantation data while integrating with Mumbai’s developing 3D digital city model.
• Civic officials stated that the platform is intended to support urban forestry management, environmental monitoring and data-driven planning across Mumbai.
Read more

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Lodha Aureus

28 May 2026

Mumbai City, India

Lodha Aureus is a new-launch, mixed-use residential development in Sewri, Mumbai, offering 3 and 4 BHK luxury apartments with premium amenities. Located just 0.1 km from the Eastern Freeway, the project provides excellent connectivity to South Mumbai and is scheduled for possession in December 2032.

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BMC initiates INR 1,000 crore municipal bond issuance for FY27

27 May 2026

Brihanmumbai Municipal Corporation has initiated the process to raise INR 1,000 crore through municipal bonds in FY27 to support its urban infrastructure funding requirements. The issuance forms part of the civic body’s broader strategy to use market-based borrowing for financing ongoing and planned infrastructure projects across Mumbai. Backed by its strong credit profile and AAA rating, the BMC continues to tap capital markets to diversify funding sources and meet rising capital expenditure needs in India’s financial capital.Read more

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MCGM issues tender for comprehensive maintenance and conservation of heritage monuments in Mumbai Fort precinct

27 May 2026

MCGM has floated a tender for appointment of a triennial contractor to undertake conservation, cleaning, security and operational maintenance of monuments and heritage structures across Mumbai’s Fort Heritage Precinct. The scope covers restoration of fountains, statues, pyaavs, landscaping, electrical systems and round-the-clock security arrangements for key heritage assets including Flora Fountain and Fitzgerald Fountain. The civic body has also laid down detailed financial, technical and contractual conditions related to deposits, performance guarantees, maintenance obligations and defect liability responsibilities for contractors participating in the project.Read more

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Bombay High Court directs stall removal for Metro Line 2-B work in Mumbai

27 May 2026

• The Bombay High Court has directed removal of roadside stalls obstructing Mumbai Metro Line 2-B construction in K/West ward.
• The court stated that public infrastructure projects cannot be delayed due to objections from a few private occupants.
• MCGM has been permitted to demolish the structures and hand over the site to MMRDA if the stalls are not vacated within the court timeline.
Read more

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Bombay HC clears way for Western Railway’s Malad encroachment demolition drive

27 May 2026

Western Railway has cleared nearly 1,500 sq m of encroached land between Goregaon and Malad stations after the Bombay High Court declined relief to occupants challenging eviction proceedings. The demolition drive covered railway land near Chincholi Phatak, Haji Bapu Road, Dhobi Ghat and Govind Nagar in Malad (East), where 36 hard and 24 soft encroachments were removed. Court records showed that the structures were classified as unauthorised constructions on railway property, with petitions filed by 25 occupants seeking rehabilitation protection under Mumbai Urban Transport Project (MUTP) policies. The High Court observed that the petitioners failed to establish legal ownership, tenancy or enforceable rights over the land, allowing railway authorities to proceed with eviction and demolition operations.Read more

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Mumbai monorail set for restart after eight-month suspension

27 May 2026

Mumbai Metropolitan Region Development Authority is preparing to resume Mumbai monorail services after an eight-month suspension, with final safety trials scheduled this week. Operations were halted following a fire incident and technical issues linked to signalling and communication systems. Authorities said testing and certification processes are in the final stages, with mandatory safety clearances awaited before commercial operations restart. The resumption is expected to restore connectivity across key eastern Mumbai corridors and address long-pending commuter disruptions caused by the shutdown.Read more

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Mahindra BeaconHill

27 May 2026

Mumbai City, India

Mahindra BeaconHill is an ultra-premium 58-storey residential tower by Mahindra Lifespaces in Agripada, Mahalaxmi, South Mumbai, offering 3, 3.5 & 4 BHK luxury homes. It features 32,000+ sq ft of curated amenities like a simulated golf experience, rooftop lounge with panoramic views, and is located near Eastern Express Highway and Coastal Road.

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