Mahindra Lifespaces has been selected to redevelop a residential cluster in Matunga (West), Mumbai. The project covers nearly 1.53 acres and carries a gross development value of about INR 1,010 crore. It will replace the old housing structures with upgraded homes, improved infrastructure and modern community amenities. The redevelopment also aligns with the company's plan to scale its Mumbai Metropolitan Region portfolio, as it aims to increase new launches and redevelopment work over the next few years. The project reflects the wider demand for society-redevelopment in Mumbai's older localities.Read more

HRX Digitech LLP, owned by Rakesh and Hrithik Roshan, acquired four commercial units in Yura Business Park Phase 2, Andheri West, Mumbai, for a total of INR 10.90 crore. The units range from approximately 473 sq ft to 852 sq ft and include multiple parking slots. Stamp duty and registration charges were paid for all transactions. Analysts view the move as a strategic investment aligned with sustained demand for premium commercial spaces. Andheri West's connectivity, amenities, and established commercial ecosystem continue to make it a preferred destination for investors.Read more

Mumbai has recorded a clear rise in air pollution levels, mainly driven by large-scale construction work and steady growth in vehicular emissions. Experts from IIT-Bombay and the IMD have explained that seasonal weather conditions, including cooler nights and calmer winds, are allowing pollutants to stay close to the surface. While the citywide AQI has remained in the moderate bracket, certain pockets such as the Bandra Kurla Complex experienced severe readings. The municipal body has issued multiple guidelines and stop-work notices to control dust and restrict further deterioration.Read more

Mumbai Metro Rail Corporation (MMRC) has begun offering app-exclusive discounted monthly passes for Metro Line 3, aiming to encourage digital ticketing and reduce dependence on physical tokens. Commuters can now purchase 60-trip passes at a 15 % discount and 45-trip passes at a 10 % discount, with the entire process - from payment to activation - completed within the MetroConnect3 mobile app. The initiative, rolled out earlier this week, builds on MMRC's recent digital-first approach and is expected to extend to National Common Mobility Card (NCMC) users in the near future.Read more

The National Company Law Tribunal (NCLT) in Mumbai, earlier this past week, dismissed the INR 1,080 crore bid submitted by Brookfield-backed Chronos Properties for acquiring IL&FS's flagship Bandra Kurla Complex (BKC) property. The tribunal upheld IL&FS's contractual authority to revise the consideration under the court-approved resolution framework, accepting the company's move to increase the valuation to INR 1,481 crore. It also noted that updated valuation reports placed the property's fair-market value at around INR 1,722 crore. The order additionally clarified the status of Chronos's performance guarantee obligations under the bidding conditions.Read more

Sporta Technologies has leased 169,250 sq ft in Ascent Worli, Mumbai, under a five-year agreement with a starting monthly rent of INR 5.07 crore and 4.75% annual escalation. The deal includes exclusive access to 135 car-parking spaces, a security deposit of INR 30.46 crore, and CAM deposit of INR 1.26 crore, along with a 36-month lock-in period and six-month fit-out. This lease, one of the largest single-tenant deals in Mumbai this year, reflects the company's aim to optimise costs while moving to a premium, well-equipped office in a prime commercial hub.Read more

Rakesh Roshan and his wife Pramila 'Pinkie' Roshan have expanded their commercial property portfolio in Mumbai with the purchase of five office units in Andheri East for a total of INR 19.68 crore. All units, located in the Vaidya West World One Aeropolis building, were registered earlier this week. Together, they span over 7,500 sq ft of carpet area and include ten parking slots. Two offices were bought under Rakesh Roshan's name, while three were registered to Pramila Roshan. The couple paid more than INR 1.18 crore in stamp duty. This follows other recent acquisitions in the same business district, signalling sustained long-term interest.Read more

Mumbai Metro Rail Corporation has drawn up a proposal for a 3 km network of underground pedestrian tunnels to improve connectivity at the Science Centre (Worli) and BKC stations of Metro Line 3. The plan includes a 1.4 km tunnel linking BKC station with the upcoming bullet train terminal, and two tunnels at Worli measuring 1.1 km and 500 m. Each tunnel will be around 5 metres wide and will include escalators and elevators. The INR 250 crore project will be funded by MMRC and BMC, supported by TOD incentives, and is targeted for completion by 2029-30.Read more

A quiet shift is unfolding across Mumbai as the Permanent Transit Camp (PTC) model gains momentum in unlocking long-stalled slum redevelopment. Traditionally, projects in areas where sale rates could not exceed INR 20,000 per sq ft struggled to break even due to rising construction costs, unstable negotiations and heavy premium payouts. The PTC framework bypasses these bottlenecks by shifting eligible slum households to a separate, fully certified permanent structure, freeing the original land for unencumbered development. With third-party funding shouldering all expenses and developers earning fixed fees without investment exposure, the model is reshaping both market dynamics and neighbourhood conditions.Read more

The Maharashtra government has approved the detailed project report and phase I implementation plan for the Uttan-Virar Sea Link, a large regional connectivity project valued at INR 58,755 crore. The plan covers a 24.35 km sea bridge and 30.77 km of connecting roads, forming a 55.12 km corridor. The state will extend INR 11,116.27 crore as non-interest support, while the remaining funds will be raised by MMRDA and external borrowings. The proposal follows earlier revisions that had significantly reduced the project's earlier estimated cost.Read more

Maharashtra Chief Minister Shri Devendra Fadnavis has laid out a plan for all significant infrastructure projects in Mumbai to be completed by 2032, aiming for full city transformation within five to seven years. He emphasised work on sea-link extensions, new tunnels, free-flow bridges, and link roads to reduce congestion on the Western Express Highway. The metro network is to be built within five years, while public transport will be electrified. Sewage treatment upgrades and green zones in Dharavi form part of his wider environmental goals.Read more

Wallnut Real Estate Services has facilitated the sale of a 3,125 sq ft carpet office unit at ONE BKC in Mumbai's Bandra Kurla Complex for INR 38 crore, marking one of the city's highest-value office transactions in the past week. The deal, completed between buyer Sawariya Futureworks Ltd and seller Harmony Realty, closed at INR 38.3 crore, translating to a benchmark rate of INR 1,22,000 per sq ft. The transaction reinforces ONE BKC's appeal as a premier Grade A commercial hub known for strong tenant demand and strategic connectivity. Wallnut's Sukant Mangal said the record price reflects the project's long-standing position at the top end of Mumbai's office market.Read more

Mumbai University has commissioned a 200 kW solar-power system at its Kalina campus, covering seven key buildings, including Ambedkar Bhavan, Mehta Bhavan, and the Life Science Block. With net metering, this installation is expected to generate around 260,000 units annually and save over INR 4 lakh per month in electricity costs. The project is part of a larger green campus push, backed by a partnership with Comet India and United Way Mumbai, that also includes rainwater harvesting, recycling, biodiversity efforts, and climate-skills programmes.Read more