The Mumbai Metropolitan Region Development Authority (MMRDA) has invited bids to lease a 10,860 sq. m. commercial plot in Wadala, valued at a reserve price of INR 1,629 crore. With a high permissible FSI of 10, the site offers a built-up potential of 1,08,600 sq. m. Located in the Wadala Notified Area, the plot is part of MMRDA's plan to develop Mumbai's third central business district after BKC and Nariman Point. Enhanced by metro, monorail, and freeway connectivity, the initiative aims to attract large-scale commercial investment and generate non-fare revenue for regional infrastructure. The project marks a key step in decentralising Mumbai's commercial growth.Read more

The Kalpataru Group has sold six floors in its Virtus office project in Vikhroli (West), Mumbai, to Bernhard Schulte Shipmanagement (BSM) for INR 304.05 crore. The deal, covering the 15th to 20th floors and spanning about 93,226 sq ft of RERA carpet area, was registered earlier this week with a stamp duty of INR 18.24 crore. Possession is scheduled for December 2028, ahead of the project's overall completion in December 2027. BSM said the acquisition supports its India expansion and growing maritime operations. For Kalpataru, this transaction builds on INR 1,200 crore in commercial sales over the past year, reflecting strong demand for Grade-A office space in Mumbai's JVLR-Powai-Vikhroli corridor.Read more

Mumbai's Economic Offences Wing (EOW) has booked real estate developer Subbaraman Anand Vilaynur, his wife Uma Subbaraman, and B P Gangar Constructions for allegedly duping homebuyers of nearly INR 100 crore. The case was filed following a complaint by a 62-year-old chartered accountant, Anil Dron, who claimed that 102 buyers were promised flats in the "Sky 31" project in Wadala (West) since 2018. Instead of using the collected funds for construction, the accused allegedly diverted them to personal and other accounts and even sold one flat to two different buyers.Read more

India has positioned itself as a leading destination for data centre investments, with Mumbai recognised as one of the world's most cost-effective cities for such developments, according to the latest Turner & Townsend Data Centre Construction Cost Index. The report placed Mumbai 51st among 52 global markets, with construction costs at just USD 6.64 per watt. The city also benefits from low electricity tariffs, further enhancing its operational efficiency. Despite this cost advantage, challenges such as reliable power supply and resilient supply chains remain key concerns for sustained growth.Read more

The Indian Society of Landscape Architects (ISOLA) has announced the upcoming International Federation of Landscape Architects (IFLA)�Asia Pacific Regional Congress 2025, to be held in Mumbai later next year. Centred on the theme "Growth Paradox: Reimagining Landscapes," the event will bring together leading professionals and policymakers to deliberate on redefining urban growth through sustainability, inclusivity, and ecological balance. Supported by BMC, IGBC, and CREDAI�MCHI, the congress will feature over 40 speakers, exhibitions, panel discussions, and a Global Landscape Studio initiative.Read more

The Brihanmumbai Municipal Corporation (BMC) has planned to rejuvenate 319 ponds across Mumbai and turn them into clean, attractive spaces for public use and tourism. The initiative will be funded through corporate social responsibility (CSR) contributions from private companies, with the aim of improving aesthetics, biodiversity, and cultural value. The first phase will include 30 ponds across different wards. Heritage ponds such as Bandra Talao and Banganga Tank will also be restored to promote local tourism and preserve Mumbai's cultural identity.Read more

Mr. Prashant Khandelwal, Joint Secretary of CREDAI MCHI and CEO of Agami Realty

As part of the government's ambitious Fourth Mumbai Plan, Boisar is set to become the nucleus of a new integrated urban cluster within the Mumbai Metropolitan Region. Backed by large-scale infrastructure including the Vadhavan Port, a greenfield international airport, and the Mumbai-Ahmedabad bullet train, Boisar is evolving from an established industrial hub into a global investment and residential destination offering employment, connectivity, and lifestyle advantages.Read more

Veteran actor Amitabh Bachchan has sold two adjoining luxury apartments on the 47th floor of Oberoi Exquisite in Goregaon, Mumbai, for a combined INR 12 crore. Each 1,820 sq ft unit fetched INR 6 crore and included two car-parking spaces, with total stamp duty payments of INR 60 lakh. The Oberoi Realty project is known for its upscale amenities and strategic location near key business hubs. Both buyers are reportedly Mumbai-based professionals. The sale reflects a broader trend of high-net-worth individuals reorganising their real-estate portfolios. Bachchan, who owns multiple properties across Mumbai, has been actively balancing his investments in recent years.Read more

The Mumbai Metropolitan Region Development Authority (MMRDA) has announced a plan to build a 21-kilometre double-deck flyover connecting Shil Phata junction with Ranjnoli junction near Bhiwandi. The structure will include a four-lane road on the lower level and dedicated space for three metro lines on the upper deck. The corridor will connect with major projects like the Airoli-Katai Freeway, the Virar-Alibaug Multi-Modal Corridor, and the Mumbai-Ahmedabad Bullet Train alignment. The project aims to ease congestion and improve connectivity between Navi Mumbai, Kalyan, Dombivli, and Bhiwandi.Read more

Zurich Kotak General Insurance has partnered with Mumbai Metro to brand the Goregaon East station on Metro Line 7 as 'Zurich Kotak Goregaon East.' Located beside NESCO, one of Mumbai's major commercial hubs, the station serves thousands of daily commuters and connects key residential and business areas such as Goregaon and Andheri. The initiative reflects the company's vision to integrate its brand with the city's mobility ecosystem while symbolizing progress, reliability, and long-term commitment to India's growing infrastructure landscape.Read more

The Mumbai International Airport Ltd (MIAL) has announced a temporary suspension of flight operations on November 20 for six hours to carry out its annual post-monsoon maintenance. Both intersecting runways 09/27 and 14/32 will remain closed from 11 am to 5 pm. The airport operator has issued a Notice to Airmen (NOTAM) in advance to help airlines and ground staff adjust flight schedules and operations. The maintenance will include surface repairs, technical inspections, and checks of runway lights, markings, and drainage systems.Read more

The Brihanmumbai Municipal Corporation (BMC) will take charge of resurfacing three key flyovers at Vikhroli, Vakola and Aarey, under a project estimated at around INR 30-35 crore, with reimbursement to follow from the Maharashtra State Road Development Corporation (MSRDC). The move follows directives from Shri Piyush Goyal and Shri Devendra Fadnavis aimed at easing traffic flow on the Western Express Highway. Tendering was scheduled this week and work is expected to begin in early December. The flyovers, though under MSRDC's jurisdiction, will now be handled by the civic body to speed up repairs.Read more

The Bhubaneswar Municipal Corporation (BMC) and Bhubaneswar Development Authority (BDA) have handed over more than 100 flats to beneficiaries under the third allotment phase of the Shantipalli Awas Yojana, part of the Keshari Residency project in Satya Nagar. With this phase, 560 families have now received homes�326 in the first phase held last November and 121 in the second. Odisha�s Housing and Urban Development Minister Krushna Chandra Mahapatra stated that the project, developed under a public�private partnership, will ultimately provide 1,300 units, including 840 for the Economically Weaker Section (EWS). Of these, 560 G+4 flats are already complete and occupied. The initiative, one of three affordable housing projects under the Pradhan Mantri Awas Yojana (PMAY) in Bhubaneswar, is complemented by ongoing works at Ekamra Residency in Buddha Vihar and Barunei Enclave in Subuddhipur.Read more

The Brihanmumbai Municipal Corporation (BMC) has approved leasing around 15 acres of land at the closed Mulund dumping ground to Navbharat Mega Developers Private Limited (NMDPL), an Adani Group special purpose vehicle (SPV) executing the Dharavi Redevelopment Project with the Maharashtra government. The lease, set for 10 years, will carry an annual rent of INR 18.35 crore at a rate of INR 252 per sq m per month. The land will be used to set up casting yards, precast units, and RMC plants essential for construction. However, the site still holds around 50,000 metric tons of solid waste awaiting clearance before work begins.Read more

The Brihanmumbai Municipal Corporation (BMC) has approved an INR 20 crore project this week to redesign 48 high-risk road junctions across Mumbai in collaboration with the Mumbai Traffic Police. These intersections were identified through a survey by the World Resources Institute India (WRI India) and the Global Designing Cities Initiative (GDCI) in 2021-22. The improvements will include widening footpaths, installing dedicated lanes, reducing crossing distances, and calming traffic. Key spots include the Sion-Panvel Expressway, Ghatkopar-Mankhurd Link Road and King Circle.Read more

The Brihanmumbai Municipal Corporation (BMC) will transform seven of its sewage-treatment plants into revenue-earning units by selling about 1,200 MLD of chemically processed recycled water annually to companies including Tata Power, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) at a rate of INR 1 per kilolitre. The scheme is expected to bring in around INR 43.80 crore a year, once the upgrades to the plants in Worli, Ghatkopar, Versova, Malad, Bandra, Bhandup and Dharavi are complete.Read more

A 56-metre steel span was recently installed at the Sonapur junction in Mulund as part of the ongoing Metro-4 construction between Wadala and Kasarvadavali. The heavy-duty operation, carried out in two phases using 500-tonne cranes and multi-axle trailers, required complete traffic closure at the GMLR junction over two nights. Commuters were diverted through alternative routes including Village Road, Pandit Jawaharlal Nehru Road, and Subhash Nagar Road. Authorities confirmed that additional work will continue next weekend and that one lane on LBS Road will remain closed till the end of December.Read more

The Brihanmumbai Municipal Corporation (BMC) has launched ward-level inspections across Mumbai to enforce its 28-point environmental guidelines for construction sites. The checks focus on ensuring the installation of air-quality (AQI) monitors to track dust and emissions from ongoing projects. In September, the BMC issued 314 notices including 275 show-cause notices and 39 stop-work orders' to non-compliant sites. Dedicated squads are conducting regular visits to verify adherence to pollution-control norms such as water sprinkling and debris containment. Building on earlier measures from 2023, the initiative aims to curb dust pollution, enhance accountability, and improve Mumbai's air quality, with repeat violators facing penalties or extended work suspensions.Read more

The Mumbai Metro Line 3, or Aqua Line, handled 38.63 lakh passengers in October, showing consistent growth in daily ridership since its full launch earlier this month. Covering 33.5 km from Cuffe Parade to Aarey JVLR, the corridor recorded an average weekday ridership of 1.41 lakh, with the highest single-day count reaching 1.82 lakh. Operated by the Mumbai Metro Rail Corporation (MMRC), the line connects major business and transit hubs and has introduced WhatsApp and QR-based ticketing for easier travel.Read more