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

NMMC removes part of unauthorised construction in Airoli following statutory notice

28 Jun 2026

Navi Mumbai Municipal Corporation (NMMC) has undertaken demolition action against an unauthorised construction at A-270, Sector 2, Airoli, after the structure continued to be built despite a statutory notice issued under the Maharashtra Regional and Town Planning Act, 1966. The enforcement drive was carried out by the civic body's Encroachment Department under the directions of Municipal Commissioner Dr Kailas Shinde and the supervision of senior municipal officials. The action resulted in the partial removal of the unauthorised structure, with demolition teams, labourers, machinery and police personnel deployed for the operation. NMMC has stated that enforcement against unauthorised constructions within its jurisdiction will continue in the coming period.Read more

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NMMC Standing Committee approves civic infrastructure works across Vashi, Nerul, Belapur and Ghansoli

28 Jun 2026

The Standing Committee of the Navi Mumbai Municipal Corporation (NMMC) has approved a series of civic infrastructure projects covering parks, drainage systems, sewerage networks and sports infrastructure across multiple nodes of the city. The proposals, presented by Municipal Commissioner Dr Kailas Shinde and approved unanimously under the chairmanship of Standing Committee Chairman Ashok Bhauso Patil, include the redevelopment of two public parks in Vashi, sewerage upgrades in Nerul, repairs to the boundary wall at Rajiv Gandhi Sports Complex in CBD Belapur, and drainage and footpath works in Ghansoli. Collectively, the sanctioned projects are intended to improve public amenities, strengthen urban infrastructure and address long-standing civic issues affecting residents in several neighbourhoods.Read more

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Duville Estates outlines design-led development strategy as it plans future expansion

Mumbai News Desk

28 Jun 2026

Duville Estates has reaffirmed its focus on a design-led development approach centred on long-term usability, space efficiency and community creation as it evaluates expansion opportunities across East Pune and other markets in Maharashtra. The developer said its philosophy is guided by a legacy dating back to 1810 and focuses on creating residential communities that remain relevant over time rather than following short-term architectural trends. The company highlighted the growing significance of Pune’s eastern corridor as a residential and commercial growth destination and said future projects will continue to emphasise thoughtful planning, functionality and sustainability. Duville Estates currently operates in Mumbai and Pune, with its 31-acre Riverdale township in Kharadi serving as its flagship development.Read more

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Banke International Properties signs AOP partnerships covering INR 10,000 crore housing inventory across MMR

28 Jun 2026

Banke International Properties has entered into Association of Persons (AOP) partnerships with several major developers in the Mumbai Metropolitan Region (MMR), covering residential inventory valued at approximately INR 10,000 crore. The portfolio includes projects by Godrej Properties, L&T Realty, Piramal Realty, Lodha and MS Realty across the western suburbs, Thane and other emerging residential corridors. Through the agreements, the company aims to generate around INR 500 crore in sales during the current financial year, contributing to its overall sales target of INR 1,000 crore. The partnerships are structured around a performance-driven sales framework intended to strengthen collaboration between developers and channel partners, while supporting customer acquisition across domestic and non-resident Indian (NRI) buyer segments.Read more

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NMMC to keep property tax collection centres open on weekends and public holidays until June 30

28 Jun 2026

Navi Mumbai Municipal Corporation (NMMC) has announced that its property tax collection centres will remain operational on weekends and public holidays until June 30, 2026, enabling property owners to complete payments before a 2% late payment charge comes into effect from July 1. The special arrangement covers the civic body's headquarters, all eight ward offices and their affiliated tax collection centres, which will function between 10 am and 3 pm. Alongside physical payment facilities, NMMC has also urged taxpayers to utilise its digital payment platforms, including its website, mobile application, WhatsApp chatbot, QR code-enabled payments and UPI services, to ensure timely tax compliance and avoid additional financial liability.Read more

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NMMC disconnects water and sewer connections to C-1 dangerous building in Sanpada

27 Jun 2026

Navi Mumbai Municipal Corporation (NMMC) has disconnected the water supply and sewerage connection to Amoli Co-operative Housing Society Ltd at Plot No. 28, Sector 30, Sanpada, after the building continued to be occupied despite being classified as a C-1 (highly dangerous and unfit for habitation) structure. The building had been declared unsafe during the 2019–20 structural assessment, and notices directing occupants to vacate had already been issued. The civic body stated that the action was taken in compliance with directions of the Bombay High Court to facilitate the evacuation of dangerous buildings. Electricity supply to the building will also be disconnected shortly as part of the ongoing enforcement process.Read more

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Platinum Corp launches luxury residential project Platinum Stellar in Santacruz West

27 Jun 2026

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential development on Main Avenue in Santacruz West, Mumbai. The project has been conceived as a low-density residential offering featuring homes of 2,500 sq ft and above, including full-floor residences. Positioned within one of Mumbai’s established premium residential neighbourhoods, the development incorporates an Art Deco-inspired design approach and includes a collaboration with interior designer Sussanne Khan. The project targets high-net-worth individuals, business owners and end-users seeking larger homes in the Bandra-Khar-Santacruz micro-market. Platinum Corp, which has delivered approximately 1.75 million sq ft across Mumbai’s suburbs over the past 15 years, said the launch forms part of its broader strategy to expand its portfolio of premium residential developments across the city.Read more

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Sugee Group marks completion of Sugee Marina Bay with homeowner and stakeholder event in Mumbai

27 Jun 2026

Sugee Group has marked the completion of its luxury residential project, Sugee Marina Bay, with a stakeholder event held at the Jio World Convention Centre in Mumbai. The gathering brought together homeowners, consultants, contractors, financiers, architects and project teams involved in the development’s delivery. The event recognised the contributions of stakeholders who participated in the project from its launch in 2021 through to completion. A key highlight was the unveiling of three BMW i7 vehicles, which will be available exclusively for residents. The celebration also featured cultural performances and reflected the developer’s focus on community building following project completion. The handover milestone marks the transition of Sugee Marina Bay from a completed residential development to an operational residential community for homeowners.Read more

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Navi Mumbai civic body launches special cleanliness drives and waste segregation awareness campaign

27 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has initiated a series of special cleanliness drives and public awareness campaigns across the city as part of preparations for Swachh Survekshan 2025-26. Scheduled between June 15 and June 30, 2026, the initiative covers railway stations, the Sion-Panvel Highway, slum settlements, village areas, lakes, creek fronts, public and community toilets, back lanes and other neglected locations. Alongside intensive cleaning activities, the civic body is promoting compliance with Solid Waste Management Rules, 2026, encouraging households to segregate waste into four categories and urging bulk waste generators, including housing societies and institutions, to process waste within their premises. The campaign is being implemented across all eight ward office jurisdictions through extensive public outreach and on-ground inspections.Read more

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Navi Mumbai Municipal Corporation activates monsoon emergency response as rainfall crosses 148 mm

27 Jun 2026

The Navi Mumbai Municipal Corporation (NMMC) has intensified its monsoon preparedness measures following heavy rainfall across the city, with emergency response teams and control rooms operating round the clock. Between the morning of June 23 and the morning of June 24, the civic body recorded an average rainfall of 125.23 mm, with Belapur receiving the highest precipitation of 139.40 mm and Digha the lowest at 114.40 mm. Cumulative rainfall for the current monsoon season has reached 148.15 mm. The civic administration has deployed water pumping systems in low-lying areas, activated disaster management and fire response teams, and instructed field staff to ensure uninterrupted stormwater drainage and remove fallen tree branches. Residents have also been advised to use dedicated emergency helplines and avoid acting on unverified information.Read more

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BMC panel approves change in land reservation for Bandra plot despite objections from residents and activists

Mumbai News Desk

26 Jun 2026

• A Brihanmumbai Municipal Corporation (BMC) committee has approved a proposal to alter the reservation status of a prominent MHADA-owned plot near Bandra Reclamation.
• The land, previously reserved for recreational use including a playground, is proposed to be redesignated for an exhibition and convention-related facility.
• The move has triggered opposition from local residents, sports groups and civic activists who argue that Mumbai is already facing a shortage of open public spaces.
• The proposal will proceed through further planning and approval processes before any final development can take place on the site.
Read more

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Bombay High Court clears mangrove removal for Vadhvan Port connectivity project

26 Jun 2026

The Bombay High Court has cleared the removal of 208 mangrove trees to facilitate construction of an eight-lane access-controlled highway connecting the upcoming Vadhvan Port in Palghar district to NH-48, providing a significant boost to the INR 76,220 crore port project. The court observed that the project serves a larger public purpose and holds substantial economic significance. The National Highways Authority of India (NHAI) received approval after demonstrating compliance with environmental, coastal regulation zone and forest clearance requirements, including compensatory afforestation measures. The project proponent has undertaken the plantation of approximately 1.33 lakh mangroves across 30 hectares and deposited more than INR 4.83 crore towards compensatory afforestation. The clearance is expected to accelerate implementation of the proposed greenfield port, which is being developed near Dahanu in Palghar district.Read more

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SRA Lines Up Cluster Redevelopment for Three Major Mumbai Slum Pockets

Mumbai News Desk

26 Jun 2026

The Slum Rehabilitation Authority (SRA) has proposed cluster redevelopment of three large slum pockets in Mumbai Antop Hill-Wadala, Majaswadi and Behrampada covering hundreds of acres. The initiative aims to enable integrated planning, improve infrastructure and accelerate rehabilitation by bringing fragmented settlements under unified redevelopment schemes. The Antop Hill-Wadala cluster alone spans around 450 acres. Authorities believe the approach will help unlock land potential, provide better housing and create planned urban spaces in some of Mumbai’s most densely populated areas.Read more

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Mumbai is preparing a fresh amnesty route for pre-2016 buildings without occupancy certificates

Mumbai News Desk

26 Jun 2026

• The BMC is moving ahead with a revised amnesty proposal aimed at providing relief to buildings constructed before November 2016 that lack occupancy certificates.
• The scheme seeks to address long-standing issues faced by residents, including difficulties related to property taxation, utility connections and redevelopment processes.
• State authorities have backed a more practical framework that could allow eligible buildings to regularise certain compliances without undergoing lengthy legal disputes.
• If approved, the initiative could benefit thousands of homeowners across Mumbai living in structures that remain occupied despite pending occupancy certification.
Read more

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Forgery probe launched after fake court order allegedly shields illegal Nerul building

Mumbai News Desk

26 Jun 2026

• A criminal case has been registered after a forged judicial order was allegedly used to halt action against an unauthorised building in Navi Mumbai's Nerul area.
• The suspected fake interim relief was produced before civic authorities to prevent demolition proceedings.
• A Belapur court directed an investigation after discrepancies emerged in the purported order.
• The incident has raised concerns over misuse of judicial documents and attempts to obstruct action against illegal constructions.
Read more

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Mahavir Giirnar

26 Jun 2026

Mumbai City, India

Mahavir Giirnar is a residential project in Borivali West, Mumbai, offering modern homes in a well-established western suburb. It provides convenient access to schools, hospitals, shopping areas, and strong connectivity through Borivali Railway Station and nearby road networks.

View Website | Visit RERA website

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RBI Governor inaugurates new CAFRAL campus in Mumbai

25 Jun 2026

Reserve Bank of India (RBI) Governor Sanjay Malhotra has inaugurated the new campus of the Centre for Advanced Financial Research and Learning (CAFRAL) in Mumbai. During the event, the Governor highlighted the importance of continuous learning, professional capacity building and research in addressing the evolving needs of the financial sector. CAFRAL, an institution promoted by the RBI, focuses on research in banking, finance and macroeconomics while also providing leadership development and training programmes for senior financial sector professionals. The institution aims to function as a global centre of excellence supporting policy formulation, knowledge creation and capability enhancement across India’s financial ecosystem.Read more

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CIDCO hands over three Navi Mumbai stations to Central Railway

25 Jun 2026

CIDCO has transferred Kharghar, Taloja Panchanand and Pendhar railway stations in Navi Mumbai to Central Railway, which will now oversee their operations, maintenance and passenger services. The stations are part of the Belapur–Uran suburban rail corridor developed to improve connectivity across the city’s growing residential and commercial areas. The handover integrates the facilities into Central Railway’s operational network and marks a key step in the transition of transport infrastructure developed by CIDCO to long-term railway management.Read more

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Navi Mumbai Metro Line 2 receives approval after 15 years with INR 5,575 crore allocation

25 Jun 2026

The Maharashtra government has approved Navi Mumbai Metro Line 2, an 8.15-km corridor connecting Taloja and Khandeshwar, with a budget allocation of INR 5,575 crore. Proposed by CIDCO in 2011, the line will serve key nodes including Kamothe, Kalamboli and Taloja through eight stations. The corridor is expected to improve internal connectivity across Navi Mumbai and strengthen links with major transport infrastructure, including the upcoming Navi Mumbai International Airport, as the city expands its metro network.Read more

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Garib Nagar families await rehabilitation after Bandra demolition drive

Mumbai News Desk

25 Jun 2026

More than a month after Western Railway’s demolition drive at Garib Nagar in Bandra East, around 100 families eligible for rehabilitation are still awaiting details of their resettlement. The clearance operation removed nearly 500 unauthorised structures from railway land near Bandra station, while eligible households were protected under court directions. Despite a Bombay High Court order recognising their rehabilitation rights, residents say no timeline or relocation plan has been communicated. The issue has gained urgency as monsoon conditions worsen across Mumbai.Read more

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