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

Chandak Sarvam

Mumbai City, India

Chandak Group

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Bombay HC halts bidding process for INR 13,200 crore Thane-Borivali twin tunnel project

The Bombay High Court has ordered a stay on the bid opening for the Thane-Borivali twin tunnel project, a major infrastructure plan estimated at INR 13,200 crore. The stay comes after a petition alleged that a key bidder failed to meet eligibility criteria, raising questions about procedural transparency. The twin tunnel, meant to connect Thane and Borivali via a 10.8 km stretch beneath the Sanjay Gandhi National Park, aims to significantly cut travel time across Mumbai's eastern and western suburbs. The state government now awaits the court's next hearing, which will decide whether the bidding process can move forward.Read more

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Mumbai: Western Railway's 6th Line between Bandra Terminus and Borivli set for July completion after long delay

The long-pending 6th rail line between Bandra Terminus and Borivli is expected to be completed by July 2025. The 15-km corridor will help segregate long-distance trains from suburban services, reducing delays and boosting punctuality across Western Railway (WR). Originally sanctioned in 2008 at INR 301 crore, the project faced delays due to encroachment issues and land acquisition. Work resumed in 2019 after the state committed support. Once operational, the new line will improve movement of express trains and help WR add new suburban services, easing daily travel for lakhs of commuters between Mumbai's north and south corridors.Read more

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BMC to finalise contractor for Deonar dumpyard clearance, plans to reclaim land in 3 years

The Brihanmumbai Municipal Corporation (BMC) is set to finalise one of its largest-ever waste clearance contracts to clear Mumbai's Deonar dumpyard within three years. The INR 2,368 crore project aims to remediate nearly 185 lakh tonnes of legacy waste using sustainable bioremediation techniques. Once completed, the reclaimed 311-acre land can be reused, including for the Dharavi Redevelopment Project. With tenders closing in May 2025, the selected contractor will be responsible for safely disposing of waste and converting it into usable materials like inert matter, recyclables, and soil fillers. The project is part of a broader push for cleaner, safer urban environments.Read more

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Mumbai News: ED probes 41 illegal buildings in Vasai; 13 locations searched over land scam

The Enforcement Directorate (ED) has launched a major investigation into 41 illegal buildings constructed on public land in Vasai, raiding 13 locations linked to the accused builders. These buildings were allegedly developed on a 60-acre plot meant for public use, with forged approval documents and fake agreements used to sell homes to unsuspecting buyers. The scam dates back to 2009 and involves a group of builders and civic officials. The Vasai-Virar Municipal Corporation (VVMC) has already demolished 14 structures, and more action is expected as authorities uncover the full scale of the fraud.Read more

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Mumbai Infrastructure: Dadar's Tilak Bridge reconstruction delays worsen traffic congestion

The ongoing redevelopment of Tilak Bridge in Mumbai's Dadar area has caused major traffic congestion, frustrating thousands of daily commuters. As the Brihanmumbai Municipal Corporation (BMC) carries out the phased construction of a new parallel bridge, the existing structure remains a bottleneck. Local residents and transport experts say the situation has worsened due to encroachments, narrow lanes, and poor planning. With Phase 1 now underway, the old bridge will be demolished only after the new one is operational. The complete project is expected to finish by 2026. Meanwhile, commuting through this busy area remains a daily challenge for many.Read more

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Arkade Rare

Mumbai City, India

Arkade Group

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Mumbai Infrastructure: New ROBs in Reay Road and Titwala to decongest traffic and enhance commuting

Maharashtra Deputy Chief Minister Shri Devendra Fadnavis inaugurated two major road-over-bridges (ROBs) on May 14 - a 273-crore cable-stayed Reay Road ROB in Mumbai and another in Titwala. These projects are designed to improve east-west connectivity and ease traffic congestion in high-density suburban areas. The Reay Road ROB is the first cable-stayed overbridge in suburban Mumbai, while the Titwala bridge connects Ambivli to Kalyan and serves over 25,000 daily rail passengers. Funded by MahaRail and the state government, both bridges aim to reduce commute times and traffic jams, with better infrastructure for vehicles and pedestrians during peak hours.Read more

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Godrej Nurture Mumbai

Mumbai City, India

Godrej Group

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MHADA accelerates redevelopment of unsafe cessed buildings in Mumbai's island city

The Maharashtra Housing and Area Development Authority (MHADA) has intensified efforts to redevelop the 13,091 cessed buildings in Mumbai's island city. In response to the deteriorating condition of these structures, MHADA has initiated structural inspections and launched an awareness campaign to inform societies about the redevelopment process. The government has amended Section 79A of the MHADA Act, 1976, allowing landowners the first opportunity to submit a redevelopment proposal with the irrevocable consent of 51% of tenants/residents. If no proposal is submitted, MHADA's Mumbai Building Repair and Reconstruction Board (MBRRB) can acquire the building and land to carry out the redevelopment process.Read more

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Mumbai: BMC demolishes five illegal high-rises in Versova

The Brihanmumbai Municipal Corporation (BMC) demolished five unapproved multi-story structures that were built inside the Coastal Regulation Zone (CRZ) in Versova earlier this week. These structures, erected over the past year without municipal approval, posed significant environmental and safety risks. The BMC utilized heavy machinery and deployed a substantial workforce to dismantle the buildings. Furthermore, the civic body identified an additional 35 illegal constructions in the area, planning further action in the coming days.Read more

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Trial runs for Mumbai Metro Line 9 to begin soon as 85% work nears completion

Mumbai Metro Line 9, extending from Dahisar to Mira Road, is gearing up for trial runs as construction work approaches completion. The 11 km corridor, which includes a 5 km elevated section, is designed to integrate with Metro Line 7, aiming to reduce travel time between Colaba and Mira Road to approximately 90 minutes. The Mumbai Metropolitan Region Development Authority (MMRDA) has reported that nearly 85% of the work has been completed, with essential infrastructure and electrification nearing final stages. Once operational, the line is expected to significantly alleviate traffic congestion, enhance public transport connectivity, and provide a reliable commuting option for daily passengers in the western suburbs.Read more

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Byculla zoo to get INR 62 crore tunnel aquarium by 2027

The Brihanmumbai Municipal Corporation (BMC) has sanctioned a project valued at INR 62 crore to construct a state-of-the-art tunnel aquarium at the Veermata Jijabai Bhosale Udyan and Zoo in Byculla. The contract has been awarded to M/S Marine Aqua Zoo, known for its expertise in marine-themed projects. The 14,000 sq ft structure will feature a walk-through tunnel and multiple thematic tanks, showcasing over 200 marine species. Expected to be completed by early 2027, the project is part of BMC's broader strategy to revitalise the 160-year-old zoo, attracting more visitors, particularly children and tourists.Read more

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Mumbai Land Deals: LP 4 India secures 3.95-acre industrial land in Mumbai for INR 193.5 crore

ILP 4 India 1 Pvt Ltd has acquired a 3.95-acre land parcel in Kurla, Mumbai, for INR 193.5 crore from Shri Aditya Finwealth, according to real estate consultancy Square Yards. Registered in May 2025, the deal includes existing structures with a built-up area of 4,519 sq m and involved a stamp duty of INR 11.61 crore. The land is designated for industrial use under Development Plan 2034, making it suitable for warehousing or logistics projects. This acquisition highlights Kurla's growing appeal for industrial investment and reflects ILP 4 India's ongoing expansion in real estate development.Read more

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Lodha Corinthia

Mumbai City, India

Lodha Group

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Bombay High Court orders survey to investigate encroachments on IIT Bombay land

The Bombay High Court has ordered a land survey in Powai to investigate allegations of unauthorised encroachments on property owned by IIT Bombay. The directive was issued in response to a PIL that accused contractors of illegally seizing land and constructing slum tenements, allegedly using criminal intimidation to force residents out. The court has instructed the Mumbai Suburban District Collector to conduct the survey and submit a detailed report, ensuring that both the institute and the accused have an opportunity to present their claims. The court also mandated police protection during the removal of encroachments.Read more

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AERA approves revised UDF at Mumbai airport, caps hike at 21.6%

The Airport Economic Regulatory Authority (AERA) has approved a revised User Development Fee (UDF) structure for Mumbai airport, effective April 2024 to March 2029. Domestic passengers will now pay INR 275-304, while international passengers will pay INR 830-875, with higher rates for business class. A separate INR 175 levy will apply to all arriving passengers. AERA also directed Mumbai International Airport Ltd (MIAL) to revise its Terminal-1 demolition schedule, favoring a phased transition to avoid disruption. While MIAL had sought a 67% UDF hike, AERA approved only a 21.6% increase, emphasizing affordability and operational efficiency for both passengers and airlines.Read more

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Mumbai Property Deals: Amrita Puri and family buy luxury apartment in Mumbai for INR 37 crore

Bollywood actress Amrita Puri, along with her parents Aditya and Anita Puri, has acquired a luxury apartment in the prestigious Lower Parel area of Mumbai for INR 37 crore. The 5,446.53 sq ft property is situated on the 49th floor of Lodha Group's World One tower, a part of the lavish World Towers development. The transaction, which was officially registered earlier this year, included a stamp duty of INR 2.22 crore and additional registration charges. The family also secured four dedicated car parking spaces with the purchase.Read more

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Mumbai Metro News: Line 3's BKC-Worli stretch now open for public use

Maharashtra Chief Minister Shri Devendra Fadnavis and Deputy CM Shri Eknath Shinde recently inaugurated Phase 2 of Mumbai Metro Line 3, a 9.6 km underground stretch from Worli's Acharya Atre Chowk to Bandra Kurla Complex (BKC). This brings the operational corridor to 20 km, improving north-south connectivity between Aarey and Worli. Covering key locations like Dharavi, Dadar, Mahim, and Siddhivinayak Temple, the expansion is expected to boost real estate activity in surrounding areas. Analysts predict a 1.5-2x rise in annual office leasing in CBDs like BKC and Worli. The final phase to Cuffe Parade will further enhance Mumbai's transit integration and urban growth.Read more

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Gokhale Bridge reopens after seven years, restoring vital east-west link in Mumbai

After enduring seven years of partial closures, delays, and detours, commuters in Mumbai can now access the fully reopened Gokhale Bridge in Andheri, marking a crucial step in restoring the east-west corridor. The INR 90 crore reconstruction project, which faced repeated setbacks due to coordination challenges between the BMC and Western Railways, has now been completed with two operational lanes in each direction. Civic engineers and local groups have expressed relief at the long-awaited reopening.Read more

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