18 Aug 2025

Dow Chemicals has leased 2.56 lakh sq ft at Mindspace SEZ in Airoli, spanning five floors for a 10-year term at INR 1.64 crore monthly rent (INR 64 per sq ft). The deal includes 5% annual escalation, a security deposit of INR 14.77 crore, and a fit-out deposit of INR 82.09 crore refundable in installments, alongside a fixed fit-out rent of INR 29.45 per sq ft. The move highlights strong multinational demand for premium offices in Greater Mumbai. Mindspace REIT recently reported 1.7 million sq ft of leasing across major cities, driven by GCCs, BFSI, and tech firms, underscoring India's robust office market momentum.Read more

18 Aug 2025

Bollywood actress Kriti Sanon has purchased a luxurious duplex penthouse in Supreme Prana, an under-construction tower in Mumbai's Pali Hill, Bandra West, for over INR 78.20 crore. Spanning 6,636 sq ft across the 14th and 15th floors, the sea-facing home also includes a 1,209 sq ft terrace and six car parking slots. Registered jointly with her mother, the deal involved INR 3.91 crore in stamp duty, benefiting from a 1% concession for women buyers, with the total cost exceeding INR 84.16 crore after charges. Sanon, who also owns land in Alibaug, joins a growing trend of Bollywood stars investing in prime real estate.Read more

18 Aug 2025

Navi Mumbai Municipal Corporation (NMMC) has introduced an innovative initiative by becoming the first civic body in India to provide property identity cards to citizens. The move, launched under the guidance of Municipal Commissioner Dr Kailas Shinde, aims to simplify property-related transactions and enhance transparency. Around 3.5 lakh property owners across the city will benefit, gaining access to property details such as ownership, tax records, and size in a single, card-based format equipped with QR code features for digital use.Read more

18 Aug 2025

Navi Mumbai Municipal Corporation (NMMC) recently organised tricolour rallies in Rabale and Belapur under the 'Har Ghar Tiranga - Har Ghar Swachhta' campaign, guided by Municipal Commissioner Dr Kailas Shinde. The events saw enthusiastic participation from students, teachers, parents, and civic officials. Maharashtra Forest Minister Ganesh Naik attended as a special guest at Rabale, addressing students on patriotism, while the Belapur rally featured students exploring an exhibition on the journey of the national flag.Read more

17 Aug 2025

Bollywood actor Hrithik Roshan and his father Rakesh Roshan, through their company HRX Digitech LLP, have purchased three premium office units in Chandivali, Mumbai for INR 31 crore. The transaction, which was registered on July 9, 2025, involved a total carpet area of 13,546 square feet in the Boomerang building. This acquisition is part of the Roshan family's strategic expansion of their commercial real estate portfolio, reinforcing Chandivali's growing reputation as a key business hub in the city.Read more

17 Aug 2025

The Bombay High Court has directed the Mumbai Metropolitan Region Development Authority (MMRDA) to remove 462 remaining illegal structures on farmland near Bhiwandi by February 2026. The order, issued by a bench of Chief Justice Alok Aradhe and Justice Sandeep Marne, is in response to a 2013 Public Interest Litigation (PIL) that highlighted widespread unauthorized construction. This ruling reinforces the court's strict stance against illegal development and compels authorities to complete a long-pending enforcement drive.Read more

16 Aug 2025

The Western Railway has proposed demolishing and rebuilding the Field Marshal General Cariappa Road Over Bridge (ROB) in Borivali, in service since 1993 and nearing the end of its life. However, the BMC has asked for a three- to four-year delay, warning that removing the only flyover linking Borivali East and West would worsen traffic amid ongoing projects. The civic body has requested a structural audit and repairs to extend its lifespan. Existing congestion is already heightened by the delayed Kora Kendra Phase II flyover, stalled by slum clearance issues, and the Thane-Borivli twin tunnel project currently under construction in Borivali East.Read more

16 Aug 2025

The Mumbai Metro Rail Corporation (MMRC), operator of the city's underground Aqua Line (Metro Line 3), plans to introduce promotional offers and discounts to increase its ridership. The corporation will appoint an agency to handle these activities by the end of 2025, a few months after the full 33.5 km line is operational.This move is designed to boost passenger numbers and help achieve the projected daily ridership of 1.4 million, as the current usage on newly opened sections is below capacity.Read more

14 Aug 2025

The final stretch of the Santacruz Chembur Link Road (SCLR) extension, a new cable-stayed bridge over the Western Express Highway (WEH), will open for traffic on August 14, 2025. This much-awaited connector, executed by the Mumbai Metropolitan Region Development Authority (MMRDA), promises to provide a direct, signal-free passage from Kurla to the Western Express Highway, easing traffic bottlenecks and reducing peak-hour travel times by 15-20 minutes. The project, which was delayed due to design and logistical issues, is a significant step in improving Mumbai's east-west connectivity.Read more

14 Aug 2025

The promenade section of the Mumbai Coastal Road project will open to the public on Independence Day August 15, 2025. A 5.25 km stretch of the total 7.5 km promenade, which features pedestrian pathways, cycling tracks, and viewing decks, will be opened to the public. The inauguration will also mark the opening of the Coastal Road for 24x7 vehicular traffic. The promenade is the first major public amenity to be opened on the Coastal Road, which aims to ease traffic congestion between south and north Mumbai.Read more

14 Aug 2025

The Brihanmumbai Municipal Corporation (BMC) is planning to undertake repairs and rehabilitation of the Parel TT flyover after the current monsoon season. The project, which involves demolishing the existing structure and building a new one, is aimed at improving traffic flow on this busy route. The flyover, originally constructed over five decades ago, is currently in a dilapidated state. With repairs set to begin post-monsoon, the project highlights BMC's efforts to address the challenges of maintaining aging infrastructure and enhancing urban mobility in Mumbai.Read more

13 Aug 2025

Mumbai's waste-to-energy plant at Deonar is expected to be delayed by a year, pushing its completion to October 2026. The contractor, M/s Chennai MSW Pvt Ltd, cited delays in obtaining statutory clearances, including environmental clearance and a consent to establish (CTE). The BMC is also facing a setback after a state authority directed it to reapply for an increase in the plant's power capacity. This delay highlights the challenges in implementing large-scale, environmentally sensitive projects and raises concerns about Mumbai's inadequate solid waste management.Read more

13 Aug 2025

The Mumbai Port Authority recently launched a long-term lease offering for 28 non-residential plots spanning more than 217 acres along Mumbai's eastern coast and Alibaug. Aiming to generate upwards of INR 800 crore per year, this move shifts focus from an earlier vision of a public waterfront development. Key parcels include areas near the cruise terminal, former HPCL and FCI sites, Sewri Timber Pond, and plots by the Trans Harbour Link. While the authority tests market interest, urban planners and activists warn that the opportunity for a vibrant, publicly accessible waterfront may be slipping away indefinitely.Read more

13 Aug 2025

The Navi Mumbai Municipal Corporation (NMMC) recently carried out a demolition drive in Airoli against unauthorised structures, following non-compliance with earlier notices issued under the Maharashtra Regional and Town Planning Act, 1966. Acting on the directives of the municipal commissioner and senior officials, the encroachment department demolished illegal buildings and roadside slums. Penalties amounting to INR 1,00,000 were collected from the violators, and the corporation affirmed its commitment to continuing strict anti-encroachment measures.Read more

13 Aug 2025

The new Belasis Bridge in Mumbai is set to open by December 31, 2025, ahead of its original deadline of April 2026. A 130-year-old British-era structure, the bridge was declared unsafe and demolished. The reconstruction, a joint project of the BMC and Western Railway, is now in its final stages. The new six-lane, cable-stayed bridge is designed to ease traffic congestion and improve connectivity between Nagpada and Tardeo, providing a much-needed upgrade to the city's aging infrastructure.Read more

13 Aug 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has begun dismantling cycle tracks in the Bandra-Kurla Complex (BKC) as part of a traffic management plan to ease severe congestion. The project, which involves removing a 9-kilometer stretch of tracks built in 2021 at a cost of nearly INR 60 crore, will convert existing 2+2 lane roads into 3+3 lanes. The decision, which will cost an estimated INR 25 crore to implement, was made after the tracks were found to be largely underutilized while traffic volume continued to swell, a situation exacerbated by the closure of the Sion bridge.Read more