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

Mohite Mrugank

Mumbai City, India

Mohite Group

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Ruchita Bliss

Mumbai City, India

JP Builders and Developers

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Builders in Mumbai to face tighter norms for waste under new EPR rules

Mumbai is set to revamp its construction and demolition (C&D) waste management following the Centre's 2025 rules, effective from April 2026. Key to this shift is the Extended Producer Responsibility (EPR) framework, requiring developers and contractors to register, track waste, and meet recycling targets. With over 8,500 tons of C&D waste generated daily and current recycling capacity limited to 1,200 tons, BMC plans a third plant at Deonar. A new mobile app will track waste movement to curb illegal dumping. These reforms aim to enforce eco-friendly practices, boost recycling, and ensure traceability-marking a crucial step toward sustainable urban development in Mumbai.Read more

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Motilal Nagar residents push for better rehab in Adani-led redevelopment project

Residents of Motilal Nagar in Goregaon have raised demands for larger flats and fairer compensation in the INR 3,600 crore redevelopment project awarded to Adani Properties. While MHADA has proposed 1,333 sq ft for residential and 987 sq ft for commercial units, locals argue this undervalues their share. At a recent meeting, redevelopment experts cited DCPR 2034 rules suggesting eligible families could claim up to 3,500 sq ft. With 143 acres of land at stake, the Motilal Nagar Vikas Samiti plans to negotiate for more transparency and equitable terms before signing any agreements with MHADA and the developer.Read more

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Sunshine Meadows

Mumbai City, India

Shantee Homes

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Mumbai: BMC-SRA to redevelop Worli slums into skyscraper cluster near Coastal Road

In a landmark initiative, the Brihanmumbai Municipal Corporation (BMC) has begun groundwork to transform a 12-acre prime stretch of land in Worli, previously dotted with slum settlements, into a high-end waterfront enclave. The plan, a first of its kind, involves a collaborative effort with the Slum Rehabilitation Authority (SRA) to amalgamate government and private plots and construct a cluster of luxury skyscrapers. This redevelopment, spanning the scenic coastline off the arterial Coastal Road, has sparked controversy among slum dwellers and activists concerned about displacement. Despite this, the BMC envisions a sustainable and economically viable urban model.Read more

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Sewri-Worli connector: Displaced families may receive compensation of up to INR 1 crore

Families affected by the construction of the Sewri-Worli elevated connector, specifically those residing in Laxmi Niwas and Haji Noorani buildings at NM Joshi Marg, are set to receive financial compensation rather than resettlement tenements. The Mumbai Metropolitan Region Development Authority (MMRDA) has identified 83 families 60 from Laxmi Niwas and 23 from Haji Noorani for displacement due to the infrastructure project. In a recent meeting, the authority proposed monetary compensation ranging from INR 25 lakh to INR 1 crore, depending on the unit's size and location, due to a shortage of available tenements. This approach marks a shift from the conventional resettlement model.Read more

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Mumbai set to launch 'Mumbai 1': a single travel card for all public transport

The Maharashtra government is set to launch the 'Mumbai 1' unified travel card, enabling seamless access to Metro, Monorail, suburban trains, and buses across the Mumbai Metropolitan Region. Chief Minister Shri Devendra Fadnavis and Railway Minister Ashwini Vaishnaw announced that the system backend will be ready within a month. Vaishnaw highlighted ongoing railway projects in the state worth INR 1.73 lakh crore, including 238 new AC trains for Mumbai. Additionally, the Gondia-Ballarshah rail line received INR 4,019 crore in funding to improve Vidarbha's connectivity. The state also unveiled the Shivaji Maharaj Circuit Train to promote heritage tourism, aligning mobility upgrades with cultural preservation.Read more

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MMRDA to assess feasibility of golf course at Mulund landfill site

The Maharashtra government is exploring the possibility of transforming the 25-acre reclaimed land at the Mulund dumping ground into a golf course. The state's Urban Development Department, at the Chief Minister's directive, has instructed the Mumbai Metropolitan Region Development Authority (MMRDA) to conduct a feasibility study. This move is being seen as part of a larger plan to repurpose vast plots of rehabilitated landfill sites into sustainable urban projects. While BMC will remain the landowner, MMRDA has been asked to draft a development plan, and discussions are underway to ensure that the project aligns with environmental and recreational goals.Read more

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CREDAI-MCHI's Ease of Doing Redevelopment (EODR 2.0) unites over 3,000 societies and 40 developers

CREDAI-MCHI's Ease of Doing Redevelopment 2.0 concluded on April 12 at Jio World Convention Centre with over 3,000 housing societies and 40+ developers participating. Key highlights included live consultations, expert workshops, and policy discussions focused on stalled projects, legal reforms, and FSI clarity. MHADA's Sanjeev Jaiswal emphasized the impact of Section 91A and 79A amendments. Industry leaders advocated trust, transparency, and realistic expectations. MahaRERA's new tracking portal was also unveiled to monitor redevelopment progress. The event marked a paradigm shift in Mumbai's approach to urban renewal, empowering societies with tools and partnerships to rejuvenate over 16,000 aging buildings.Read more

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Avant Heritage V

Mumbai City, India

Avant Group

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Western Railway's Mumbai Central Division sets revenue record with INR 4,485 crore in FY25

The Mumbai Central Division of Western Railway has achieved a record-breaking revenue of INR 4,485 crore in FY 2024-25, its highest ever. Passenger services, freight operations, AC local trains, and station-based services such as parking and catering contributed significantly to this growth. With passenger revenue alone exceeding INR 3,782 crore, the performance reflects rising ridership, infrastructure upgrades, and digital ticketing initiatives. The strong financials signal sustained momentum in transport infrastructure efficiency and commercial viability in the Mumbai Metropolitan Region.Read more

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The Views By Adani Realty

Mumbai City, India

Adani Realty

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BMC to reissue eviction notice to Century Mills tenants, sets 15-day deadline

The Brihanmumbai Municipal Corporation (BMC) plans to issue a fresh eviction notice to 675 tenants of Century Mills in Worli, asking them to vacate within 15 days. This follows claims from tenants that they never received the original notice sent in February 2025. The move is linked to a redevelopment plan for the INR 660 crore plot, leased to Century Textiles and Industries Ltd. in 2005. There remains no clarity on tenant rehabilitation, despite past legal disputes and a 2022 Bombay High Court ruling supporting BMC's stand.

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Maharashtra: State yet to appoint agencies for MMR 'growth hub' projects

Months after the announcement of MMR as a global economic growth hub, the Maharashtra government has yet to assign implementing agencies for several key projects under this initiative. The Mumbai Metropolitan Region Development Authority (MMRDA) has identified 35 major infrastructure and redevelopment works to transform MMR into a USD 300 billion economy by 2050. These include logistics parks, transit-oriented development, tourism infrastructure, and slum rehabilitation. However, a lack of agency allocation is delaying implementation. Although the state has made some progress, gaps remain, especially in redeveloping 2.2 million slum dwellings and coordinating between central and state bodies.

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Maharashtra government backs INR 10,000 crore PFCL loan to push Mumbai infra growth

The Maharashtra Government has agreed to act as guarantor for an INR 10,000 crore loan extended by Power Finance Corporation Ltd (PFCL) to fund infrastructure projects across the Mumbai Metropolitan Region (MMR). A Government Resolution issued earlier this week confirmed the cabinet’s nod to this financial arrangement for the 2024–25 fiscal. Although a new guarantee is being issued due to the previous financial year closing, it remains subject to further cabinet clearance. The Mumbai Metropolitan Region Development Authority (MMRDA), designated as the principal borrower, is responsible for monthly updates to the finance and urban development departments. Overall, the state has permitted MMRDA to borrow up to INR 60,000 crore, of which guarantees for INR 24,000 crore have already been extended.Read more

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Mumbai: BMC's capital expenditure soars past INR 36,900 crore, driven by a mega infrastructure push

The Brihanmumbai Municipal Corporation (BMC) recorded its highest-ever capital expenditure of INR 36,900 crore in FY 2024-25, reflecting a 57% surge from the previous year's outlay of INR 23,520 crore. This sharp jump in spending was primarily directed toward big-ticket infrastructure projects like the Goregaon-Mulund Link Road (GMLR), the Mumbai Coastal Road, and hospital redevelopment. Simultaneously, BMC's revenue income rose to a record INR 43,847 crore, backed by strong growth in property tax and development charges. Despite the robust financials, the civic body's fixed deposits saw a slight decline due to planned drawdowns to support its infrastructure commitments.Read more

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Mumbai: Supreme Court clears path for Chembur slum rehab towers, rejects AAI plea on height clearance

The Supreme Court dismissed a special leave petition filed by the Airports Authority of India (AAI) against a Bombay High Court judgment that permitted increased building heights in a slum rehabilitation project in Chembur, Mumbai. The High Court had directed AAI to issue a No Objection Certificate (NOC) for the height clearance after an appellate committee had already approved the plan. AAI argued it would face hardships without reversing the HC verdict, but the apex court refused to interfere. The project involves 30 towers, including rehabilitation and free-sale buildings, developed under a joint venture.Read more

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Mumbai Real Estate: Slum redevelopment in MMR gets faster with new 60-day rule

In a push to accelerate slum redevelopment across Maharashtra, the state cabinet approved key amendments to the Maharashtra Slum Area (Reform, Elimination and Rehabilitation) Act, 1971. The revisions shorten the timeline for submitting redevelopment proposals, empower authorities to reassign projects if deadlines are missed, and streamline land leasing for joint ventures in the Mumbai Metropolitan Region (MMR). New provisions will also address non-participation by slum dwellers and delayed rent payments by developers. These amendments aim to fast-track the state's goal of becoming slum-free while ensuring better enforcement and accountability in rehabilitation schemes.Read more

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RUPAREL VIVANZA

Mumbai City, India

Ruparel Group

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