Atul Projects has taken charge of the redevelopment of a 2.76-acre land parcel in Borivali (West), a location positioned along the active SV Road belt, earlier this week. With an estimated GDV of about INR 750 crore, the company is preparing to introduce luxury 2, 3 and 4-bedroom residences aimed at both end-users and long-term investors seeking premium living options within Mumbai's western suburbs. The initiative builds on Atul Projects' ongoing expansion across the MMR and aligns with its strategy of strengthening its redevelopment portfolio in established residential markets.Read more

Navi Mumbai International Airport (NMIA) will start commercial passenger flights from December 25 with 23 daily departures in the first phase. Operations will run for 12 hours each day during the initial month, allowing up to 10 aircraft movements per hour. The airport, developed through a joint venture between the Adani Group and CIDCO, has been built at a cost of INR 19,650 crore. Phase-1 covers 1,160 hectares and includes one terminal and one runway with a capacity of 20 million passengers a year. Daily departures are set to increase to 34 from February 2026.Read more

Notandas Realty has launched Notan Jewel, a new commercial development on Turner Road in Bandra, with an estimated revenue potential of over INR 400 crores. Designed to meet the rising demand for premium office and retail space, the project spans 90,000 sq. ft. with about 45,000 sq. ft. of leasable area. It features a grand arrival lobby, a modern car tower parking system, high-speed elevators, surveillance, and recreational spaces including a rooftop pickleball court and breakout zones. The launch reflects the company's legacy in Bandra and forms part of its plan to introduce four new commercial projects in FY2025-2026, strengthening its position in Mumbai's real estate market.Read more

Piling work at Elphinstone Bridge's P61 and P61A pier locations has completed seven piles so far but faced interruptions from local residents concerned about the safety of century-old nearby buildings. MMRDA's contractor appointed VJTI experts to monitor structural stability, using accelerometers, crack width gauges, and tilt sensors. A joint site visit with officials, experts, and residents was held to explain safety measures. Preventive guidelines were issued to reduce rig RPM, limit noise, and monitor vibrations during pile boring, ensuring the safety of the surrounding structures.Read more

Mumbai's commercial map is shifting as companies increasingly choose the Eastern and Northern suburbs over traditional hubs like BKC, Lower Parel and Nariman Point. Chembur-Ghatkopar East is emerging as a strong alternative, offering modern offices, better connectivity and more affordable rentals. Improved access through the Santacruz-Chembur Link Road, Eastern Freeway and growing Metro network has made the area appealing to BFSI, tech and professional services firms. Developers are introducing Grade-A spaces with large floor plates and sustainable features, often at rents 30-40% lower than BKC. With steady leasing activity and rising investor interest, the corridor is quickly becoming a future-ready commercial destination.Read more

CCI Projects has announced a major investment of around INR 700 crore to develop a new luxury residential tower within the Mumbai Metropolitan Region. Introduced earlier this week, the 53-storey tower, named Skyleap, will form part of the Rivali Park 2 gated community situated along the Western Express Highway in Borivali. The development will comprise 320 premium apartments and is expected to generate revenue exceeding INR 1,250 crore on completion. CCI Projects, founded in 2000, has already delivered several towers and currently maintains an active development pipeline across the region.Read more

The BMC has proposed a 4.24 km elevated corridor along LBS Marg to ease traffic between Kurla West and Ghatkopar West. The flyover, starting near Kalpana Talkies and ending near Pankhe Shah Baba Dargah, will include a 3.91 km main stretch, ramps at both ends and three connecting arms for smoother entry and exit. Designed as a four-lane, 16.5-metre-wide structure using steel girders and an RCC deck, it aims to bypass chronic bottlenecks near the Andheri-Ghatkopar Link Road, Ghatkopar station and Sant Narsi Mehta Road. With Metro works and other bridges in the area, VJTI will oversee technical planning. Estimated at INR 1,635 crore, the project is expected to take four years.Read more

The Central Government has approved 17 projects under the Electronics Component Manufacturing Scheme (ECMS), opening up investment commitments of INR 7,172 crore and creating more than 11,800 jobs. The selected applicants include Jabil, Aequs, AT&S, Uno Minda, Zetwerk, Secure Meters and others, with production spanning camera modules, multi-layer PCBs, enclosures, connectors, oscillators and optical transceivers. These projects, spread across nine states, are expected to generate output worth INR 65,111 crore. Combined with the first tranche cleared earlier, ECMS now covers 24 projects. Officials said the scheme strengthens India's electronics value chain amid shifting global supply dynamics, while industry leaders noted its role in anchoring global manufacturing and building competitive domestic capabilities.Read more

Suraj Estate Developers expects to generate about INR 1,200 crore in revenue from its newly launched Mumbai commercial project, One Business Bay. The development offers 2.09 lakh sq ft of carpet area, featuring 182 premium office units and select high-end retail spaces. The company has completed over 45 projects totalling 16.09 lakh sq ft and is currently working on 13 ongoing developments with 7.55 lakh sq ft of RERA-registered saleable area. It also has 16 upcoming projects planned, adding another 11.57 lakh sq ft. With this launch, Suraj Estate Developers continues to expand its commercial footprint and tap into growing demand for modern business infrastructure in Mumbai.Read more

Mumbai's real estate market attracted USD 1.19 billion in institutional investments over the past nine months, according to Cushman & Wakefield's India Capital Markets Q3 2025 report. This marks a sharp rise from USD 295.57 million a year earlier. Foreign investors contributed 67% of the total, led by USD 500 million from the US and USD 297 million from Japan, while domestic investors added USD 398 million. The firm noted that Mumbai has now crossed the USD 1 billion mark for four consecutive years, supported by strong fundamentals and major projects like the Trans Harbour Link and Coastal Road. In contrast, nationwide institutional inflows declined 10% during the period.Read more

The Enforcement Directorate (ED) carried out searches in 14 premises across Mumbai and Thane this week in connection with a money-laundering probe linked to Rajendra Lodha, former director of Lodha Developers Ltd (now Macrotech Developers Ltd). He is accused of defrauding the company of about INR 85 crore between 2013 and 2025 through unauthorised land deals, undervalued plot sales, bogus acquisitions and misuse of development rights. The raids were aimed at tracing proceeds of crime and identifying assets acquired through diverted funds.Read more

Vedanta's proposed demerger is under review by the NCLT, which has reserved its order after a brief hearing. The Ministry of Petroleum and Natural Gas flagged concerns over financial risks, alleged misrepresentation of hydrocarbon assets, and incomplete disclosure of liabilities. Vedanta stated it has followed all regulatory norms, with SEBI approving the revised plan. The restructuring aims to create independent, sector-focused entities while streamlining operations and enhancing shareholder value. The original plan to carve out the base metals business has been revised, retaining it within the parent company.Read more

The Navi Mumbai Municipal Corporation (NMMC) has issued a public notice concerning the control, care, and feeding of stray dogs across its jurisdiction. Following recent Supreme Court directions, the civic body reminded citizens that while the sterilisation and vaccination of strays are ongoing under the Animal Birth Control (ABC) programme, residents must also comply with feeding regulations. The NMMC clarified that feeding will only be allowed at designated spots and specific times to prevent inconvenience to the public, in line with animal welfare guidelines.Read more

The Brihanmumbai Municipal Corporation (BMC) has floated a tender worth INR 166?crore for the upcoming Mulund Bird Park, with four companies submitting bids and construction expected to start by December this year. Spread over 17?acres near the Johnson & Johnson factory in Nahur, the park will house more than 200 bird species in four themed zones tropical, African, Australian and aquatic. Facilities will include a veterinary clinic, breeding centre, amphitheatre, kids zone, food-court and parking. After earlier delays due to limited bidders, the BMC is targeting contract finalisation by October.Read more

The success of Mumbai's Metro Line 3 (Colaba-Bandra-SEEPZ) has encouraged authorities to plan a series of large-scale underground infrastructure projects worth around INR 40,000 crore across the Mumbai Metropolitan Region (MMR). Agencies including the Mumbai Metropolitan Region Development Authority (MMRDA), Brihanmumbai Municipal Corporation (BMC) and Maharashtra State Road Development Corporation (MSRDC) are preparing to execute these tunnel-based projects to improve connectivity while reducing land acquisition and environmental impact. Together, these initiatives will include more than 60 km of tunnels across key corridors.Read more