21 Jul 2025

Navi Mumbai has been honoured with entry into the prestigious 'Super Swachh League' under Swachh Survekshan 2024, recognising cities that ranked in the top three at least twice over the past three years. It is the only city from Maharashtra with a population over 10 lakh to receive this recognition. The city also retained its 'Seven Star' garbage-free rating and top-tier 'Water Plus' certification. Navi Mumbai's smart, decentralised waste management system, inclusive workforce, and eco-friendly initiatives have set national benchmarks. The award was accepted by civic leaders and sanitation workers in New Delhi, marking a proud moment for the city and state.Read more

21 Jul 2025

In a significant financial achievement, Mumbai's civic administration has for the first time collected INR 269 crore in property tax from businesses operating within slum areas. This groundbreaking collection, stemming from the current fiscal year, marks a notable success in the Brihanmumbai Municipal Corporation's (BMC) efforts to tap into previously unassessed revenue streams. The initiative targets commercial establishments in informal settlements, which had largely remained outside the property tax net, and is part of a broader drive to formalize and bring more properties across the bustling city under taxation.Read more

Mr. Aditya N. Shah, Director of Mayfair Housing.

20 Jul 2025

Mira Road has evolved from a peripheral suburb into a fast-developing luxury real estate destination, attracting homebuyers and investors seeking premium living at more reasonable rates than central Mumbai. Backed by improved infrastructure, expansive residential projects, and growing connectivity via highways and the metro, the area now combines affordability with sophistication. Its strategic location, proximity to IT parks, and inclusion in upcoming developments like the Mumbai-Ahmedabad bullet train and coastal road extension have significantly raised its desirability. Mira Road is now emerging as a prime residential zone with strong growth prospects and superior value for investment.Read more

20 Jul 2025

Indian Hotels Company Ltd (IHCL), part of the Tata Group, has invested over INR 165 crore in its subsidiary ELEL Hotel and Investment Ltd to support the development of the upcoming Taj Bandstand hotel in Mumbai. The capital infusion involved acquiring more than 3.3 lakh equity shares through a rights issue, with each share priced at INR 5,000. ELEL holds leasehold rights to the iconic Bandstand land parcel in Bandra, where the new luxury property will be built. This move highlights IHCL's focus on expanding its premium hotel footprint in major cities and reinforces its long-term commitment to luxury hospitality in top-tier urban locations.Read more

18 Jul 2025

DLF Ltd, India's largest real estate company by market capitalization, has re-entered the Mumbai residential market with a luxury housing project named Westpark in Andheri (West). Developed under the Slum Rehabilitation Authority (SRA) scheme in partnership with Trident Group, the project involves an investment of INR 900 crore. The total expected revenue from the project is pegged at INR 2,300 crore.Read more

17 Jul 2025

Navi Mumbai witnessed a notable 40% rise in demand for premium office spaces in 2024, reaching 5.8 million square feet, according to CRE Matrix. With its status as one of India's most affordable office destinations averaging INR 65 per sq. ft. the region has drawn major leasing activity, particularly in hubs like Airoli, Ghansoli, Vashi, and Belapur. Gross leasing during the first half of this year surpassed 2.7 million sq. ft., and ongoing infrastructure projects such as the upcoming Navi Mumbai International Airport are expected to further stimulate leasing momentum.Read more

17 Jul 2025

Bollywood star Salman Khan has sold his 1,318 sq ft apartment in Mumbai's upscale Shiv Asthan Heights, Bandra, for INR 5.35 crore. The deal, confirmed through property records reviewed by Square Yards, reflects growing activity in the city's luxury housing segment. Registered this month, the apartment sits in a premium celebrity-favoured locality. Since the pandemic, Mumbai has seen several celebrities and high-net-worth individuals reshuffling their real estate portfolios, either buying or selling high-value properties. These movements, influenced by shifting investment goals and lifestyle changes, underline the resilience of Mumbai's high-end housing market, especially in sought-after areas like Bandra.Read more

17 Jul 2025

Mumbai Police have filed an FIR against Hiranandani Builders & Developers for unauthorized excavation and soil erosion near the Powai helipad. The BMC issued a notice on July 7, 2025, but work on the 300m long, 4-5m wide, and 1-2m deep excavation continued despite a stop-work order issued on July 5. The case, registered under sections 52 and 43 of the MRTP Act, highlights continued activity even after civic body intervention. This action follows the BMC approaching police after its notices were not complied with.Read more

16 Jul 2025

The Maha Mumbai Metro has expanded its operational capacity on Metro Lines 2A and 7, increasing daily services from 284 to 305 trips. To address peak-hour crowding, 21 additional services have been introduced, reducing the frequency interval to 5 minutes and 50 seconds from the previous 6 minutes and 35 seconds. This service upgrade is backed by the deployment of three newly-inducted trainsets aimed at meeting growing commuter demand. The move reflects the authority's continued effort to enhance connectivity and efficiency across Mumbai's expanding metro network.Read more

15 Jul 2025

Electric vehicle major Tesla is set to make its formal foray into the Indian market with the launch of its first experience centre at Bandra Kurla Complex, Mumbai. The event, positioned as the "launch of Tesla in India", will mark the company's official entry into the country. Tesla has already leased warehouse space in Mumbai and shipped its first set of Model Y rear-wheel drive SUVs from China. However, its push into the Indian market comes despite unresolved concerns over import tariffs and the absence of any local manufacturing plans.Read more

15 Jul 2025

Maharashtra Chief Minister Shri Devendra Fadnavis recently announced that construction of India's first offshore airport, the Vadhvan Airport near Mumbai, is expected to begin in 2026. The state has already appointed an agency to prepare the detailed project report. This would be the third airport in the Mumbai Metropolitan Region after the existing Mumbai airport and the upcoming Navi Mumbai airport. Fadnavis also shared progress on the Purandar airport near Pune and plans to expand aviation infrastructure across the state's districts.Read more

14 Jul 2025

The Navi Mumbai Municipal Corporation carried out a demolition drive against unauthorised sheds in Turbhe after the occupants ignored prior notices. Under instructions from Municipal Commissioner Dr Kailas Shinde and supervision by Additional Commissioner Dr Rahul Gethe and Deputy Commissioner Dr Kailas Gaikwad, the encroachment department undertook the operation. A team comprising local civic officers, security personnel, and police officials ensured the removal was carried out smoothly using 21 labourers and a JCB machine.Read more

14 Jul 2025

The Bombay High Court has rejected a public interest litigation (PIL) challenging the use of Mumbai's salt pan land for the Dharavi Redevelopment Project. The bench, headed by Chief Justice D K Upadhyaya and Justice Arif Doctor, ruled that no evidence supported the claim that the land was environmentally sensitive or legally restricted. The judges stated that governmental approvals had already been secured for its use, with no legal bar cited under existing urban planning laws. The PIL had raised concerns over CRZ violations and the potential precedent such land use could set.Read more

14 Jul 2025

Maharashtra Chief Minister Shri Devendra Fadnavis is scheduled to hand over keys to the first 556 BDD flats in Worli, Mumbai, on July 21. These 500 sq ft homes are for tenants previously in transit accommodations as part of the BDD chawls redevelopment. MHADA, the nodal agency, expects to distribute 3,989 flats across three sites by year-end. Despite project delays leading to a INR 13 crore penalty for the contractor, authorities are keen to expedite rehabilitation, with occupancy certificates for the initial units expected soon.Read more