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

Friends Trimbakeshwar CHS

22 May 2026

Mumbai City, India

Friends Trimbakeshwar CHS is a completed residential project by Swaraj Homes on Park Road, Vile Parle East, Mumbai (Pin: 400057), offering 1 RK, 1 BHK, 2 BHK, and 3 BHK flats across 1.0 acre. It features eco-friendly design (Times Business 2024 award winner), amenities like swimming pool, gym, kids' play area, club, jogging track, and 24/7 security, with excellent connectivity to Wipro SEZ, Hanuman Road Bus Stop, and Vile Parle station.

View Website | Visit RERA website

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Supreme Court refuses to entertain plea seeking decision on Navi Mumbai airport renaming

21 May 2026

• The Supreme Court has declined to entertain a plea seeking directions to the Centre for a time-bound decision on renaming the Navi Mumbai International Airport after Lokneta D B Patil.
• The bench observed that naming an airport falls within the domain of government policy and not judicial intervention, while granting liberty to petitioners to approach the competent authority.
• The petition challenged a previous Bombay High Court order that had dismissed a similar plea linked to the airport naming issue.
• The Maharashtra government had earlier proposed the name ‘Lokneta D B Patil Navi Mumbai International Airport’, though the Centre has not issued any official notification so far.
• The matter remains politically and socially significant in the Mumbai Metropolitan Region, where local organisations and project-affected communities have continued to demand the airport be named after D B Patil.
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Mumbai’s INR 1.68 lakh crore infrastructure roadmap gains momentum amid Centre’s infrastructure push

Mumbai News Desk

21 May 2026

Mumbai’s long-term infrastructure pipeline estimated at around INR 1.68 lakh crore is gaining relevance amid the Centre’s continued focus on urban infrastructure investment, industrial corridors and multimodal connectivity projects. Recent policy discussions and central government statements have highlighted the importance of large-scale urban infrastructure spending in supporting economic growth and regional development. Mumbai’s ongoing civic and transport projects, including coastal roads, metro corridors, redevelopment works and mobility infrastructure, reflect broader national priorities centred on integrated urban expansion and capital expenditure-led growth.Read more

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Resistance mounts against MHADA cluster redevelopment plans in three Mumbai localities

21 May 2026

MHADA’s cluster redevelopment proposals in SVP Nagar, Bandra Reclamation and Adarsh Nagar are facing opposition from residents and housing societies, which allege that the authority is overriding ongoing self-redevelopment projects and bypassing consent norms. The disputes relate to MHADA’s Construction and Development Agency (C&DA) model, under which private developers are appointed for large-scale redevelopment schemes. Resident groups have approached the Bombay High Court, arguing that the process lacks transparency and affects societies already pursuing independent redevelopment. MHADA has defended the model, stating that cluster redevelopment is necessary to modernise ageing layouts and upgrade infrastructure. The projects together cover 206.49 acres across Mumbai.Read more

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Clashes erupt amid Garib Nagar clearance for Bandra rail infrastructure works

Mumbai News Desk

21 May 2026

• Western Railway’s anti-encroachment drive at Garib Nagar in Bandra East intensified as demolition activity continued for railway expansion and infrastructure works.
• Clashes and protests broke out during the operation after structures, including local religious premises, were affected during the clearance exercise.
• The land is being cleared for proposed fifth and sixth railway lines, station integration works and broader transport upgrades linked to Mumbai’s western rail corridor.
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BMC invites bids for INR 22.16 crore black spot mitigation works across Mumbai

21 May 2026

• BMC has floated an INR 22.16 crore tender for mitigation of high-risk traffic black spots across Mumbai through road safety interventions.
• The proposed works include installation of dividers, thermoplastic road markings, signage boards, pavement markers and junction improvement measures.
• The tender was issued by BMC’s Roads and Traffic Department through an open bidding process, with bids scheduled to open on 9 June.
• BMC stated that the project is part of broader efforts to improve road safety infrastructure, traffic circulation and accident prevention across the city.
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MICL Group acquires ultra-luxury sea-view residential project off Bandstand in Bandra West

21 May 2026

Man Infraconstruction Limited has acquired an ultra-luxury residential development site off Bandstand in Bandra West, Mumbai, strengthening its presence in one of the city’s most premium housing micro-markets. The project, planned under the company’s MS Collection Residences vertical, is expected to have an estimated gross development value (GDV) exceeding INR 1,000 crore. Spread across more than 30,000 sq ft, the sea-view development is currently progressing through the approval stage and has applied for its Intimation of Disapproval (IOD). The acquisition expands MICL Group’s Bandra portfolio to a combined GDV of over INR 2,350 crore and takes the company’s overall real estate portfolio to an estimated INR 18,575 crore.Read more

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BMC advances smart parking initiative for Mumbai as experts stress need for parallel infrastructure expansion

21 May 2026

The Brihanmumbai Municipal Corporation (BMC) is moving ahead with a citywide smart parking initiative aimed at enabling motorists to digitally reserve parking spaces through a unified mobile and web-based platform. The proposed system will provide real-time parking availability, advance booking and digital payment facilities across municipal and private parking locations. The move comes amid rising vehicle density in Mumbai, where government data indicates nearly 2,300 vehicles per kilometre and over three lakh vehicle registrations during 2025. Industry experts have welcomed the initiative, stating that digital parking management can improve traffic flow and parking efficiency, but emphasised that Mumbai will also require large-scale development of mechanised, vertical and multi-level parking infrastructure to address long-term urban mobility challenges.Read more

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Sumukha Jay Ashapura CHS

21 May 2026

Mumbai City, India

Sumukha Jay Ashapura CHS is a new launch residential project in Mulund West, Mumbai, offering thoughtfully designed 1 BHK and 2 BHK flats with vitrified tile flooring, oil-bound distemper walls, and RCC frame structure.

View Website | Visit RERA website

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NeoLiv to invest INR 500 crore in 76-acre housing project near Mumbai

20 May 2026

• NeoLiv plans to invest around INR 500 crore in a 76-acre residential project in the Panvel-Khopoli belt of the Mumbai Metropolitan Region (MMR).
• The upcoming development will include housing plots and villas with a total saleable area of nearly 13 lakh sq ft.
• The project is expected to generate an estimated revenue potential of around INR 800 crore.
• This will be NeoLiv’s third project in the MMR region as the company expands its presence beyond Delhi-NCR.
• The company has already launched two housing projects in Delhi-NCR and plans to launch three projects in MMR during the current financial year.
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Mumbai builder arrested in alleged INR 10.67 crore fraud linked to Jogeshwari SRA redevelopment project

Mumbai News Desk

20 May 2026

• Mumbai Police’s Economic Offences Wing (EOW) arrested builder Sohail Abdullah Dukka in connection with an alleged fraud in the One Jogeshwari SRA redevelopment project in Jogeshwari West.
• The accused allegedly sold around 10 flats illegally at below-market rates and diverted the money into personal and business accounts instead of the project’s designated RERA account.
• The complaint stated that flats worth nearly INR 14.9 crore were involved, while around INR 10.67 crore was allegedly misappropriated.
• Investigators are examining financial transactions, flat allotments and whether more buyers or investors were impacted in the redevelopment project.
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Vidyavihar east-west flyover nears completion after decades of delay

Mumbai News Desk

20 May 2026

• BMC has set a June 2026 deadline to open the long-delayed Vidyavihar east-west flyover in Mumbai.
• The 650-metre flyover will connect LBS Marg and Ramkrishna Chemburkar Marg over Vidyavihar railway station.
• The project has faced repeated delays due to encroachments, construction hurdles and tree-cutting approvals.
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India’s first undersea bullet train tunnel moves closer as giant TBM cutterhead lowered in Mumbai

20 May 2026

The Mumbai-Ahmedabad Bullet Train project has achieved a major construction milestone with the lowering of the first Tunnel Boring Machine cutterhead at Vikhroli in Mumbai. The 13.6-metre-diameter cutterhead forms part of two TBMs being assembled for excavation of a 16 km underground tunnel section, including India’s first undersea rail tunnel beneath Thane Creek. Each TBM weighs over 3,000 tonnes and is designed to construct a single tunnel carrying both high-speed rail lines.The cutterhead, weighing around 350 tonnes, has been fitted with 84 cutter discs, 124 scrapers and 16 bucket lips for excavation and muck removal operations. The machine will tunnel nearly 6 km from Vikhroli to Bandra Kurla Complex beneath dense urban areas and the Mithi river, with multiple monitoring systems being deployed to ensure structural and excavation safety during construction.Read more

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BMC invites proposals for integrated construction and demolition waste management portal

Mumbai News Desk

20 May 2026

The Brihanmumbai Municipal Corporation has invited bids to appoint a technology agency for development and operation of an integrated Construction and Demolition (C&D) Waste Management Portal across Mumbai. The proposed platform will integrate mobile applications, a web portal and existing BMC systems including AutoDCR, GIS and financial databases to streamline waste tracking, approvals and monitoring. The selected agency will handle platform development, cybersecurity compliance, API integration, cloud hosting and long-term operations and maintenance. BMC stated that the system is intended to enable real-time data synchronisation, grievance tracking and improved regulatory oversight across departments.Read more

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NABARD acquires leasehold rights for BKC commercial property from MTNL for INR 351 crore

20 May 2026

• National Bank for Agriculture and Rural Development has acquired leasehold rights for a commercial complex in Bandra-Kurla Complex, Mumbai, from Mahanagar Telephone Nigam Limited for INR 350.72 crore.
• The transaction, registered in May 2026, involves an unexpired lease period of around 52 years for a property originally leased by Mumbai Metropolitan Region Development Authority in 1998.
• The asset comprises nearly 2,680 sq m of land and over 4,021 sq m of built-up space spread across two buildings at BKC Plot R-4.
• NABARD has taken over the property for institutional use and will directly hold the sub-lease under MMRDA.
• The financial institution will also assume future liabilities related to ground rent, taxes, maintenance charges and transfer-related payments from March 30, 2026 onwards.
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MMRDA flags INR 4,973 crore funding gap amid dispute with BMC over metro project support

Mumbai News Desk

20 May 2026

The Mumbai Metropolitan Region Development Authority has flagged a funding gap of around INR 4,973.07 crore for ongoing metro infrastructure works, intensifying a financial dispute with the Brihanmumbai Municipal Corporation over development charge-linked support. State government documents show that MMRDA is relying on contributions from local bodies, including BMC’s 1 per cent development charge collections, to fund Metro Line 9 and Line 7A civil works. The documents also outline rising capital expenditure commitments and funding pressures across multiple transport projects managed by MMRDA amid continued metro and regional infrastructure expansion in the Mumbai Metropolitan Region.Read more

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BMC revives Mahim–Bandra East flyover project to ease western corridor congestion

Mumbai News Desk

20 May 2026

• BMC has revived the long-pending Mahim–Bandra East flyover project to reduce congestion along the Western Express Highway and nearby arterial roads.
• The proposed INR 220.17 crore flyover will connect Fishermen Colony in Mahim to Bandra East near the Kalanagar flyover through an elevated corridor over the Mithi River.
• The project had remained stalled for nearly three years after failed tenders in 2022 and 2023, and is expected to improve connectivity between Mahim, Bandra East, SV Road, the Bandra-Worli Sea Link and WEH.
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TSM Anand Heritage

20 May 2026

Mumbai City, India

TSM Anand Heritage is a new launch residential project by TSM Infra in Andheri East (Mogra Village), Mumbai, offering 1, 2 & 3 BHK apartments spanning 300–1,155 sq ft across 0.14 acres with 33 units. It features modern amenities like kids' play areas, yoga zones, power backup, 24/7 security, CCTV surveillance, and shopping outlets.

View Website | Visit RERA website

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Dharavi rehabilitation authority links upper-floor eligibility to ground-floor documentation status

Mumbai News Desk

19 May 2026

The Dharavi Redevelopment Project authorities have clarified that eligibility for rehabilitation of upper-floor occupants in Dharavi will depend on the eligibility status and documentary records of the corresponding ground-floor structures. The clarification comes amid ongoing surveys and scrutiny of residential and commercial units under the large-scale redevelopment initiative in Mumbai. Officials stated that upper-floor tenements constructed above ground-floor units would not be treated as independently eligible unless supported by valid documentation tied to the original authorised structure. The decision forms part of the broader verification process being undertaken by authorities to identify eligible beneficiaries for rehabilitation housing. The redevelopment project, being implemented through a special purpose vehicle with participation from the Maharashtra government and private developers, involves one of the country’s largest urban renewal exercises covering densely populated informal settlements and mixed-use structures across Dharavi.Read more

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MMRDA completes complex foot over bridge work at Brahmand Junction

19 May 2026

The Mumbai Metropolitan Region Development Authority has completed a major phase of a foot over bridge project connecting Brahmand Junction and the Tikuji Ni Wadi Metro Station on Ghodbunder Road. Executed under difficult site conditions with an operational Metro viaduct overhead and heavy traffic movement below, the project involved the installation of four large steel girders measuring nearly 60 metres each. The operation required heavy-duty cranes, multi-axle carriers, and a team of over 60 engineers and workers. The authority said the work reflects the growing focus on integrated urban transport infrastructure and safer pedestrian connectivity in the Mumbai Metropolitan Region.Read more

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