The Maharashtra cabinet, led by Chief Minister Shri Devendra Fadnavis, approved an extensive set of infrastructure, welfare and policy measures in its recent meeting. Key clearances included new metro corridors across Mumbai, Pune and Nagpur, suburban rail expansion, and the creation of an international business hub in Nagpur. Major investments were also sanctioned for roads, rail corridors, and the Bombay High Court complex. Additionally, decisions on enhanced financial aid for disabled beneficiaries, revised energy policies and new tribal education schemes were finalised.Read more

The Bombay High Court has permitted the Maharashtra government to begin urgent repairs on the 26-kilometre Chinchoti-Kaman-Anjur-Mankoli road that connects Thane and Palghar to Bhiwandi's warehousing hub. The road's condition had worsened severely, causing accidents and traffic disruptions, while arbitration with the toll operator remained unresolved. Technical reports showed only a fraction of the required work had been completed. Growing protests from local groups and commuters added to the pressure, leading the court to allow the state to intervene and carry out repairs until a long-term solution is finalised.Read more

The Bombay High Court has directed residents of Motilal Nehru Nagar CHS, an SRA project in Bandra-Kurla Complex, to undo unauthorised alterations within four weeks. The order follows an SRA notice flagging violations such as extra floors inside flats and conversion of common areas into kitchens, banquet halls, and party spaces. The court stressed that no authority can regularise such illegal construction, citing a 2024 Supreme Court ruling that declared such acts "incurable illegality." While residents' counsel assured cooperation, judges warned of immediate enforcement if compliance is delayed. The ruling reinforces strict adherence to SRA housing rules and curbs commercial misuse.Read more

The Bombay High Court has directed 11 dissenting residents of the Deepanjali and Pushpanjali Cooperative Housing Societies in Vasai (West) to vacate their structurally unsafe homes within 15 days, enabling demolition and redevelopment. The Vasai Virar Municipal Corporation had already classified the four buildings as dangerous, a finding confirmed by a technical committee. Of the 113 residents, most supported redevelopment, but a small group objected. The court ruled they may pursue their objections legally but cannot stall demolition, adding that police assistance may be sought if evacuation is resisted.Read more

Mumbai's property market recorded 11,230 registrations in August 2025, down 3% year-on-year and 11% from July, reflecting a modest seasonal slowdown. Residential sales dominated with 80% of registrations, and smaller homes under 1,000 sq ft accounted for 85% of transactions. Properties priced below INR 1 crore gained traction, rising to 48% of sales from 44% last year, while mid-segment units (INR 2-5 crore) dipped slightly and luxury homes held steady at 6%. Stamp duty collections stood at INR 1,000 crore, 6% lower than August 2024. Still, January-August saw nearly 100,000 registrations and INR 8,854 crore revenue, up 11% year-on-year, showing sustained buyer confidence.Read more

Arkade Developers Ltd has acquired a 14,364 sq metre land parcel in Bhandup (West) for INR 148 crore by taking full ownership of Woollen and Textile Industries Ltd. The company has successfully completed 31 projects covering 5 million square feet and is developing another 2 million square feet. This acquisition strengthens Arkade's presence in the Mumbai Metropolitan Region and aligns with its strategy of expanding its development portfolio in key urban locations. Known for its focus on residential and commercial projects, the company continues to consolidate its position among India's leading real estate developers.Read more

Shah Rukh Khan has rented two duplex apartments in Mumbai's Pali Hill while his residence, Mannat, undergoes renovation. The lease, signed with the Bhagnani family, is valued at INR 8.67 crore over three years and provides him about 10,500 sq ft of space. Around the same time, Kriti Sanon purchased a duplex penthouse in the Supreme Prana project in the same neighbourhood. Her apartment, spread across the top two floors, is priced at INR 78.2 crore and comes with six parking spots. The article also outlines the differences between duplex and standalone apartments.Read more

Puravankara, through its subsidiary, has obtained redevelopment rights for a housing society in Malabar Hill, one of South Mumbai's prime neighbourhoods. The society spans 1.43 acres and offers a development potential of about 0.7 million sq ft. The project carries a gross development value (GDV) of INR 2,700 crore. This acquisition comes shortly after the company's Chembur redevelopment win and builds on its earlier Breach Candy project. Together, these developments increase Puravankara's Mumbai portfolio to 4.25 million sq ft with an overall GDV potential of INR 10,500 crore.Read more

The Supreme Court has upheld the Bombay High Court's interim order declining to stay the termination of a lease over 150 acres of salt-pan land in Mulund, Bhandup and Kanjurmarg, part of a 782-acre holding in Mumbai. The decision rested on the observation that the land had not been used for salt production since 1995, making continuation inequitable to the Centre. While protecting the leaseholder's rights over the remaining 632 acres subject to ground rent and fees, the Supreme Court left the merits for the High Court to examine.Read more

Excel Infra Construction is set to invest INR 252 crore in the Bellissima luxury residential project at Bandra Reclamation, Mumbai. The 33-storey tower will feature 96 apartments, with expected revenue of INR 400 crore. The funding will be a mix of equity and an Alternative Investment Fund structured as non-convertible debentures. Leveraging advanced construction technology, the company aims to complete the project ahead of schedule.Read more

Indian Railways is set to generate approximately INR 6,000 crore in revenue by leasing out two underutilized, prime plots of land in Mahalaxmi and Bandra for 99 years. The Rail Land Development Authority (RLDA) is overseeing the process, which is a key part of a broader government strategy to monetize non-core assets. The Mahalaxmi plot, with a base price of INR 993.30 crore, is the first of many such projects to be tendered, aiming to use the city's booming luxury real estate market to fund railway infrastructure.Read more

The Bombay High Court has ordered a judicial probe into 935 redevelopment notices issued by the Mumbai Building Repairs and Reconstruction Board (MBRRB), a MHADA unit, after finding they were based on visual checks rather than mandatory structural audits. A bench of Justices G.S. Kulkarni and Arif Doctor called the notices arbitrary and possibly driven by vested interests to exploit redevelopment. The court struck down a 2024 SOP that gave officials undue powers and appointed a two-member judicial committee. Retired Justice J.P. Devadhar and Retired Judge Vilas D. Dongre to investigate. Of the notices, 46 were withdrawn and 889 put on hold, reinforcing property rights and curbing misuse of authority.Read more

The Bombay High Court has directed 11 occupants of four unsafe buildings in Vasai West's Diwan and Sons Housing Enclave to vacate within two weeks, clearing the way for demolition and redevelopment. The Vasai Virar Municipal Corporation had already classified the buildings as dangerous, with a technical advisory committee confirming their poor condition. While 90% of residents supported redevelopment and appointed a builder, 11 opposed the plan. The court ruled that minority objections cannot jeopardize safety or stall majority-backed redevelopment, granting a short Ganpati festival-linked extension. If dissenting occupants fail to vacate, eviction will proceed with police assistance to ensure timely redevelopment.Read more

Grounded airline Jet Airways has signed a definitive agreement to transfer the lease of its Bandra-Kurla Complex (BKC) corporate office in Mumbai for INR 370.25 crore as part of its liquidation process. The lease will be assigned to Parthos Properties Pvt Ltd, subject to approval from the Mumbai Metropolitan Region Development Authority (MMRDA). Conducted under the Insolvency and Bankruptcy Code (IBC), the sale marks an important step in monetizing Jet's assets to repay creditors. Once India's premier private airline, Jet suspended operations in April 2019 after financial collapse, and a failed resolution plan eventually led to a Supreme Court-ordered liquidation in 2024.Read more