Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Location : Mumbai City

Ruparel Stardom

Mumbai City, India

Ruparel Group

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MHADA steps in to revive 15-year-old stalled South Mumbai redevelopment project

The Maharashtra Housing and Area Development Authority (MHADA) has taken control of the long-delayed redevelopment of the Parvati Building in South Mumbai. Approved back in 2013, the project remained incomplete due to failed developer appointments and non-payment of rent to displaced tenants. Earlier this week, MHADA informed the Supreme Court of its decision to proceed under Section 91-A of the MHADA (Amendment) Act, 2020. The agency will now manage the redevelopment directly and ensure interim housing or rental compensation for affected residents, potentially setting a precedent for other stalled projects across the city.Read more

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Rustomjee 180 Bayview

Mumbai City, India

Rustomjee

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Mumbai to host GS1 General Assembly 2025, focusing on future-ready supply chains

GS1 India is set to host the GS1 General Assembly 2025 in Mumbai, scheduled for the coming week. The three-day event will bring together over 250 global leaders, including representatives from the GS1 Management Board and Chairpersons and CEOs from 118 member organisations. With the theme 'Building Bridges for a Better Tomorrow,' the assembly will focus on the launch of GS1 Vision 2030, which outlines the strategic direction for global supply chains to become more digital, resilient, and sustainable. Attendees will discuss the impact of emerging technologies like AI and Blockchain and the transition to next-generation barcodes under the Ambition 2027 initiative.Read more

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BMC issues show-cause notice to Mithun Chakraborty over unauthorized constructions in Malad

Bollywood veteran Mithun Chakraborty has been served a show-cause notice by the Brihanmumbai Municipal Corporation (BMC) concerning alleged unauthorized constructions at his Malad property near Erangal beach. The notice, issued under the Mumbai Municipal Corporation Act, 1888, cites two ground-floor structures with mezzanine levels and three temporary units constructed without proper permissions. Chakraborty has refuted these allegations, asserting that every part of his property is legally constructed. This incident is part of BMC's broader crackdown on illegal structures in the area, with over 100 identified for demolition.Read more

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Violent land dispute in Mumbai's Agripada leads to arrest of 41 security guards

A longstanding land ownership conflict in South Mumbai's Agripada area escalated earlier this week, leading to a violent standoff between security teams representing a real estate firm and a pharmaceutical company. The confrontation, marked by stone pelting, pepper spray, and gunfire, resulted in the arrest of 41 guards from the pharma firm's security agency. Police intervened swiftly, registering an FIR and placing the arrested individuals under custody. The incident reflects growing tensions surrounding high-value land in the city amidst ongoing legal disputes.Read more

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MMRDA signs INR 1,500 crore loan deal for Ramabai and Kamraj Nagar redevelopment in Ghatkopar

The Mumbai Metropolitan Region Development Authority (MMRDA) has secured a INR 1,500 crore loan from Bank of Maharashtra to kickstart the redevelopment of Ramabai Ambedkar Nagar and Kamraj Nagar in Ghatkopar. This marks the first financial closure under MMRDA's INR 8,498 crore Slum Rehabilitation Authority (SRA) project and its first direct involvement in slum redevelopment at this scale. Backed by Chief Minister Devendra Fadnavis and Deputy CM Eknath Shinde, the project aims to transform dense informal settlements into dignified residential zones. With a funding mix of institutional loans and internal revenues, MMRDA plans to deliver inclusive, sustainable redevelopment and set a model for future urban renewal efforts.Read more

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Ruparel Pristine

Mumbai City, India

Ruparel Group

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Lokhandwala lake in Mumbai to be cleaned after six-year delay

After six years of petitions, protests, and delays, the long-neglected Lokhandwala Lake in Andheri West is finally set for a clean-up. The semi-wild waterbody, once home to over 150 species of birds and a diverse aquatic ecosystem, has been damaged by invasive species, algae, and illegal dumping. Now, thanks to sustained efforts by local residents and activists, a No Objection Certificate has been issued, a contractor appointed, and machines are ready to begin the desilting work. Environmentalists hope this marks the beginning of serious efforts to restore the lake's biodiversity and prevent further damage from encroachments and neglect.Read more

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Mumbai developers arrested for defrauding homebuyers of INR 35.7 crore in stalled project

The Mumbai police's Economic Offences Wing detained Radius Sumer Developers promoters Ramesh Shah and his son Rahul Shah earlier this week on suspicion of defrauding 78 investors out of about INR 35.7 crore. The investors had committed funds to the 'Harbor Heights' residential project in Mazgaon, South Mumbai, which was stalled at the plinth level for years. Despite repeated assurances of timely possession and promising lucrative returns, the project remained incomplete, and refund cheques issued to buyers were dishonoured. This case has spotlighted the persistent risks buyers face in incomplete projects and the urgent need for stricter regulatory enforcement in the real estate sector.Read more

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Godrej Carmichael

Mumbai City, India

Godrej group

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COAI alleges Mumbai Metro of monopolistic practices over mobile network access

Mumbai Metro was recently accused by the Cellular Operators Association of India (COAI) of charging exorbitant and monopolistic rents for mobile network access. COAI asserted that under the new Telecommunication Act and Right of Way (RoW) rules, a public authority cannot deny RoW to telecom operators in public spaces. Despite telecom service providers proposing a common network to minimise disruptions, Mumbai Metro allegedly ignored the offer and insisted on using a third-party vendor for connectivity, creating a monopoly. The industry body further highlighted that TSPs had offered to provide connectivity free of cost until commercial terms were finalised, but Mumbai Metro allegedly disregarded the proposal.Read more

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Bombay HC clears redevelopment of society despite member's objection

The Bombay High Court has upheld the decision to redevelop a housing society in Mumbai, dismissing an objection raised by a single member. The court ruled that decisions approved by the society's general body cannot be blocked by individual objections unless legal or procedural errors are proven. The case involved Sai Apartments Co-operative Housing Society, where a member sought to stop redevelopment citing CRZ concerns. However, the court noted that necessary approvals were secured and redevelopment decisions were democratically passed. This ruling reaffirms that cooperative housing societies can move forward with redevelopment plans approved by the majority of members.Read more

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Mumbai residents unite to save Powai Lake from neglect and pollution

A citizens' campaign has been launched to restore Mumbai's iconic Powai Lake, which is struggling with excessive hyacinth growth and pollution. The movement, led by activists, resident groups, and local leaders, aims to pressure civic authorities to take immediate action. The campaign comes after repeated complaints about the deteriorating condition of the lake, once a popular recreational and ecological landmark. With stagnant waters, reduced oxygen levels, and unchecked vegetation growth, Powai Lake is at risk of turning into an ecological dead zone. The initiative calls for immediate desilting, removal of hyacinths, and long-term preservation under BMC's environment department.Read more

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Mumbai: BMC demolishes 28 illegal structures in Malad linked to forged CTS maps

The Brihanmumbai Municipal Corporation (BMC) has demolished 28 illegal structures on 17 plots in Malad as part of a crackdown on unauthorised constructions built using forged City Title Survey (CTS) maps. The demolitions follow findings from a Special Investigation Team (SIT), which uncovered widespread forgery across Mumbai's western suburbs. Out of 200 CTS maps reviewed in Malad, 101 were found to be fake. The BMC plans to complete demolition of all 123 identified illegal buildings in the area by May 31. The probe dates back to 2020 and involves developers illegally claiming land using fabricated documents.Read more

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Mumbai Infrastructure: Central and Western Railway lines set for major expansion as MMR grows

To meet the rising demand for urban transport, the Indian Railways has launched surveys to expand suburban railway networks in the Mumbai Metropolitan Region (MMR). The Central and Western Railway zones will see new lines, including one connecting Khandeshwar to the Navi Mumbai International Airport (NMIA) and another from Dahanu to Vadhavan Port. These projects aim to separate long-distance and local trains, reduce congestion, and improve access to new economic zones. The plan is part of a broader effort to support the region's rapid growth and integrate major infrastructure projects like NMIA and the upcoming Vadhavan Port in Palghar district.Read more

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Chandak Highscape City

Mumbai City, India

Chandak Group

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Mumbai authorities identify 322 buildings as 'extremely dangerous'; 74 still occupied

The Brihanmumbai Municipal Corporation (BMC) has classified 322 buildings in the city as 'extremely dangerous,' requiring immediate evacuation and demolition. Despite official notices, 74 of these buildings are still occupied, raising serious safety concerns. Most of these structures are located in Bandra, Malad, and Ghatkopar. The BMC has warned residents that it will not be held responsible for any loss of life or property if they ignore the evacuation orders. Civic officials are urging urgent cooperation, especially with the monsoon approaching, as old and unsafe buildings are at greater risk of collapse during heavy rains.Read more

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Mumbai Lease Deal: Eternal Ltd. leases 84,157 sq ft office space in Andheri East, Mumbai

Eternal Ltd, formerly known as Zomato, has leased 84,157 sq ft of office space in Andheri (East), Mumbai from Histyle Retail Pvt Ltd for a period of five years. According to CRE Matrix, the monthly rent is set at INR 160 per sq ft, amounting to approximately INR 1.34 crore. The rental agreement, which was registered last week, includes a 15% rental escalation after three years. Demand for office spaces has surged over the past two years, driven by domestic and foreign corporations, with 2024 witnessing a record-breaking year in gross office leasing activities. Zomato officially rebranded itself as 'Eternal Ltd' on the stock exchanges last month.Read more

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Mumbai's construction sector urged to adopt sustainable practices to tackle air pollution

CREDAI-MCHI, in collaboration with the Maharashtra Pollution Control Board (MPCB) and WRI India, recently organised a capacity-building workshop in Mumbai to address the rising concern of air pollution caused by construction activities. The event gathered site engineers, safety officers, and project managers to discuss practical measures for mitigating dust and emissions, such as fogging, wheel washing, and isolating active zones. WRI India conducted a technical session on real-time monitoring, data transparency, and compliance with state guidelines, while representatives from BMC and CREDAI-MCHI emphasised the importance of sustainable construction practices. The workshop concluded with a pledge to implement structured mitigation strategies and promote environmentally responsible construction in the Mumbai Metropolitan Region (MMR).Read more

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