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

Mumbai begins fully digital census with unique ID for every household

07 May 2026

Mumbai has initiated its first fully digital Census exercise, assigning a unique ID to each household to streamline data collection. Conducted by the Brihanmumbai Municipal Corporation, the process uses mobile-based enumeration and also allows residents to self-enumerate. The exercise was delayed from its earlier schedule due to the pandemic. The first phase focuses on housing conditions and basic amenities, while the second phase, scheduled for February–March 2027, will capture population data. Officials expect the digital approach to improve accuracy, reduce duplication, and support better urban planning.Read more

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Mumbai records 14,228 property registrations in April, highest in 14 years despite post-March moderation

07 May 2026

Mumbai registered 14,228 property transactions in April 2026 within the Brihanmumbai Municipal Corporation (BMC) limits, marking a 9 per cent year-on-year increase and the highest April performance in 14 years, according to Knight Frank India. Stamp duty collections crossed INR 1,100 crore, rising marginally by 1 per cent, indicating a shift towards mid-ticket housing. While registrations declined from March’s peak levels, the data reflects sustained end-user demand across primary and secondary markets. The trend highlights stable housing activity in the city, supported by consistent buyer participation despite a high base.Read more

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Dharavi redevelopment links upper-floor eligibility to ground-floor status, sets document hierarchy for rehabilitation benefits

07 May 2026

Eligibility for upper-floor residents under the Dharavi Redevelopment Project (DRP) has been made conditional on documentation strength and, in certain cases, the eligibility of ground-floor occupants. As per a government resolution issued earlier, residents who can establish occupancy before a November 2022 cut-off may qualify for 300 sq ft rehabilitation units outside Dharavi within the Mumbai Metropolitan Region. The policy introduces a hierarchy of documents, with affidavits placed at the lowest level and accepted only if supported by an eligible ground-floor household. The framework also restricts benefits to one dwelling per family and excludes applicants owning property under other housing schemes, marking a departure from earlier slum rehabilitation norms.Read more

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Heritage Shree Venkateswara CHS

07 May 2026

Mumbai City, India

Heritage Shree Venkateswara CHS in Chembur, Mumbai, offers premium 2-4 BHK apartments (774-1,700 sq ft carpet) in a new-launch boutique project. Featuring modern amenities like 24x7 security, power backup, landscaped gardens, kids' play area, jogging track, CCTV, and proximity to Eastern Express Highway, schools, and markets for refined family living.

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Bombay High Court directs Maharashtra government to refund INR 3 lakh stamp duty to homebuyer

Mumbai News Desk

06 May 2026

The Bombay High Court has directed the Maharashtra government to refund INR 3 lakh in stamp duty to a homebuyer, holding that the amount was wrongly retained due to a procedural delay. The case relates to an incorrect stamp duty payment made during a property transaction, where the buyer selected the wrong category while purchasing e-stamps. Authorities had rejected the refund request citing a delay beyond the statutory six-month period. However, the court ruled that such technical grounds could not override a legitimate claim, particularly when the stamp was unused. The judgment reinforces judicial scrutiny over administrative decisions impacting homebuyers in property transactions.Read more

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EisnerAmper plans Mumbai expansion with USD 5 million investment and aims to scale India workforce to 30%

06 May 2026

US-based consulting firm EisnerAmper is expanding its presence in Mumbai with plans to increase headcount at its Global Capacity Centre (GCC) by 10% over the next three years and raise India’s share of its global workforce to around 30%. The firm has recently opened its second office in the city and committed over USD 5 million towards office space over the next three to five years. With a current GCC workforce of 1,000 employees, the company indicated potential for significant scaling, including a possible doubling of headcount. The expansion aligns with its broader strategy to double global revenue to USD 2.4 billion over the next four to five years, supported by investments in talent, infrastructure and technology.Read more

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Bombay HC steps in to pause Decathlon–Godrej dispute over Chembur lease

06 May 2026

The Bombay High Court has intervened in a dispute between Decathlon Sports India and Godrej Projects Development over a commercial property in Chembur, Mumbai. The court has restrained Godrej from handing over the space to Titan Company and appointed a court receiver to take control of the property. The case involves claims that Decathlon’s earlier lease arrangement was terminated to enable a more lucrative deal with Titan. The matter now centres on competing contractual rights, financial commitments, and the legal validity of agreements versus a registered lease deed.Read more

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Bombay HC orders demolition of illegal 16-storey Ulhasnagar building over fake approvals

06 May 2026

The Bombay High Court has directed the demolition of a 16-storey building in Ulhasnagar after finding that permissions were obtained through fraudulent submissions. The court held that the developer misled authorities and carried out large-scale violations, including encroachments on planned development roads. It also pointed out lapses by municipal officials in verifying documents. The structure, comprising 65 flats and four shops, was declared largely illegal, with nearly 80% of it violating norms. The court refused relief to the developer and allowed civic authorities to proceed with demolition.Read more

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Platinum Stellar

06 May 2026

Mumbai City, India

Platinum Stellar in Santacruz West, Mumbai, is a new luxury residential project by Platinum Corp. featuring bespoke presidential suites with design collaboration by Sussanne Khan. It offers low-density living with premium amenities like a business lounge, fitness center, banquet hall, landscaped rooftop, and podium parking on Main Avenue for an exclusive elevated lifestyle.

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MHADA cuts Vikhroli flat prices by 7.5% after weak buyer response

05 May 2026

The Maharashtra Housing and Area Development Authority (MHADA) has reduced prices of 1,221 flats in Vikhroli by 7.5% after receiving a muted response from buyers in its housing lottery. The price cut lowers unit rates by around INR 10 lakh, bringing them to a range of about INR 1.34 crore to INR 1.37 crore. The authority has also added one free car parking space per flat and extended the application deadline to improve participation. The move reflects growing competition from private developers offering similar pricing with better amenities.Read more

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MMRDA accelerates Metro Line 6 work with key railway span completed ahead of schedule

05 May 2026

Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 6 with the successful installation of a steel composite girder span over the operational Western Railway corridor at Jogeshwari. The corridor has now reached over 88% physical completion, indicating steady progress. The complex railway crossing was executed in nearly half the permitted traffic block time, reducing disruption to train services. The project uses high-capacity cranes and closely coordinated engineering work. Once completed, the corridor will improve east–west connectivity between Swami Samarth Nagar and Vikhroli, easing daily travel across Mumbai.Read more

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MMRDA Nears Completion of Entire Santacruz–Chembur Link Road Corridor with Final BKC–Vakola Arm

05 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has moved closer to completing the Santacruz–Chembur Link Road (SCLR) Phase-2 with the final structural work on the BKC–Vakola connector. The last missing segment was completed after launching twin 54-metre composite girders over Vakola Nallah, marking the closure of a key gap in the 10.88 km east–west corridor. This arm connects major hubs including Bandra Kurla Complex, Santacruz, Kalina, Kurla and Chembur, enabling smoother traffic flow across Mumbai. The project is expected to improve connectivity between the Eastern and Western Express Highways.Read more

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Runwal Meadows - Aster

05 May 2026

Mumbai City, India

Runwal Meadows - Aster in Kanjurmarg East offers premium 1 RK, 1 & 2 BHK apartments (501-874 sq ft carpet) in a luxury 36-acre township with 200,000+ sq ft amenities including a 60,000 sq ft clubhouse, pools, gym, and Central Park views.

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Mumbai constable killed after piling rig collapses at Mankhurd flyover site

04 May 2026

A Mumbai Police constable died after a piling rig collapsed at an under-construction flyover on the Sion–Panvel Highway in Mankhurd. He was riding home after duty when the machine fell onto the road and crushed his motorcycle. Initial findings point to possible instability of the ground and lapses in safety measures at the site. A case has been registered against the contractor and others involved. The incident also caused heavy traffic congestion in the eastern suburbs, raising fresh concerns over on-site safety at infrastructure projects.Read more

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Central Railway clears 45 encroachments to speed up Vande Bharat depot work in Mumbai

04 May 2026

Central Railway has demolished 45 illegal structures at Wadi Bunder in Mumbai to fast-track a proposed Vande Bharat train maintenance facility. The action followed court approval and cleared long-standing encroachments, including a two-storey structure near Hancock Bridge. The land is part of the Wadi Bunder yard, where initial work had already begun but was delayed. The upcoming depot will include multiple stabling lines for parking and servicing trains, supporting the increasing number of Vande Bharat services and improving maintenance capacity in the city.Read more

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ChargeZone and Tata.ev open 720 kW EV charging hub on Mumbai–Pune Expressway

04 May 2026

ChargeZone and Tata.ev have launched a 720 kW EV charging hub at Khalapur on the Mumbai–Pune Expressway, aimed at strengthening intercity electric mobility. The facility, located at a busy food mall stop, can charge up to 10 vehicles simultaneously through five dispensers. It is the 75th site under their partnership, with plans to cross 100 locations on key highways. The hub also offers tariff benefits to Tata.ev users. The development reflects a growing focus on high-speed charging infrastructure along major travel corridors to support rising EV adoption.Read more

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MMRDA cancels INR 90 crore Vikhroli foot overbridge tender after rigging concerns

04 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has scrapped the INR 90 crore tender for a foot overbridge at Vikhroli after allegations of cartelisation and bid rigging were raised by Shiv Sena (UBT) leader Anil Parab. An internal review found irregularities in the bidding process, leading to the cancellation and possible forfeiture of deposits. The issue has also drawn attention to similar concerns in other infrastructure projects handled by the authority. Officials have maintained that the move will not impact the progress of Metro Line 6.Read more

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Supreme Court stays Bombay High Court ruling on 193-acre Thane land dispute

04 May 2026

The Supreme Court has stayed a Bombay High Court ruling that had set aside the acquisition of 193 acres in Thane’s Manpada-Chitalsar area, which was earlier treated as private forest land. The High Court had upheld a tribunal order favouring the landowner, citing procedural lapses in the state’s acquisition process and directing compensation through Transferable Development Rights. The long-pending dispute revolves around the classification of the land and legality of acquisition. With the stay now in place, implementation of the High Court’s directions remains on hold until further hearings.Read more

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MMRDA allots BKC land for INR 580 crore healthcare and education projects

04 May 2026

MMRDA has moved ahead with plans to strengthen social infrastructure in Bandra-Kurla Complex by allocating key plots to Jupiter Lifeline Hospitals and D. Y. Patil Education Group. The combined investment of over INR 580 crore will bring a multi-speciality hospital and a modern educational centre to the business district. The allotments were completed through a transparent e-tendering process, reflecting a shift towards integrated urban planning. The development is expected to improve access to healthcare and education within BKC, supporting its transition into a more balanced and self-sustained urban ecosystem.Read more

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NCLT approves resolution plan for Nirmal Lifestyle Mulund project, enabling completion and relief for 234 homebuyers

04 May 2026

The National Company Law Tribunal, Mumbai, has approved a resolution plan for Nirmal Lifestyle (Mulund) Private Limited, facilitating the revival of a stalled residential project and providing relief to 234 homebuyers linked to the Nirmal Olympia development. The plan, submitted by Mantra Properties and Developers Private Limited and supported by 100% of the Committee of Creditors, addresses an aggregate debt of around INR 1,491 crore. The resolution process, led by InCorp Restructuring Services LLP, extends benefits to homebuyers associated with a partnership firm outside the formal insolvency framework, marking a complex restructuring outcome within the real estate sector.Read more

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