Sobha Ltd has entered the Mumbai housing market with the launch of 'SOBHA Inizio', its first residential project in the city. The 1.038-acre development will offer 310 apartments priced between INR 2.8 crore and INR 5.75 crore, in partnership with the landowner. While project costs and revenue projections were not disclosed, the launch comes on the back of Sobha's strong performance, including its highest-ever sales bookings of INR 3,981.4 crore in the first half of the fiscal year. The company's Q2 net profit nearly tripled to INR 72.52 crore, supported by higher income. With significant deliveries across 27 cities, the Mumbai entry marks a strategic step in its national expansion.Read more

Maharashtra is undertaking a major initiative to reduce traffic congestion in Mumbai by creating an extensive underground tunnel network called 'Paatal Lok.' The tunnels, designed to run parallel to existing roads, will complement Metro expansions and coastal road projects, improving east-west and north-south connectivity. Key projects include tunnels linking Thane-Borivali, Mulund-Goregaon, Atal Setu-Girgaon Chowpatty, and Bandra-Bandra Kurla Complex. Additionally, the Mumbai One app now offers a common ticketing system for multiple transport modes while keeping second-class suburban train fares unchanged.Read more

Mumbai's civic authority has stated that construction and industrial activity in any locality will be stopped if the Air Quality Index (AQI) stays above 200 despite required mitigation measures. This step forms part of the city's GRAP-4 actions and builds on the 28-point pollution-control guidelines announced in October 2024. The BMC has created flying squads for every ward to monitor on-ground compliance, waste burning, dust emissions and fuel usage. Officials have been instructed to ensure strict implementation as several areas recently reported higher-than-usual pollution levels.Read more

The Vidyavihar East-West connector, expected to ease travel between Ghatkopar, Kurla, and Vidyavihar, has been delayed once again due to unresolved rehabilitation work on the western side. The Brihanmumbai Municipal Corporation shifted the deadline from the earlier target to June 2026, marking the project's third extension. Cost estimates have risen sharply to nearly INR 179 crore from the original INR 99.98 crore, mainly because of prolonged demolition work and necessary design changes. Although rehabilitation hurdles have reportedly been resolved, only a fraction of the required structures on the western side have been cleared so far.Read more

Saif Ali Khan has purchased two adjoining commercial office units in Mumbai's Andheri East for a total of INR 30.75 crore, as shown in recently accessed registration records. The spaces, located in Kanakia Wallstreet, together span 5,681 sq ft and include six parking slots. The seller is Apiore Pharmaceutical, a U.S.-based company. The deal was facilitated by real estate advisory firm Volney. This purchase aligns with the growing preference among high-net-worth individuals for Grade-A commercial assets and adds to Saif's existing real estate holdings across Mumbai.Read more

Mr. Vivek Mohanani, Managing Director and CEO of Ekta World

Mumbai's evolving skyline reflects a major shift driven by widespread redevelopment across its prominent western suburbs. Ageing, low-rise buildings are gradually giving way to contemporary luxury homes designed for long-term value creation. Homebuyers who once viewed luxury primarily as a lifestyle choice now see redeveloped properties as instruments of wealth preservation and generational security. With land scarcity, enhanced amenities, better infrastructure, and rising demand for safer and future-ready homes, redevelopment has become central to reshaping the city's urban fabric. This renewed appeal is supported by improved policies, growing investor confidence, and a broader focus on sustainable neighbourhood transformation.Read more

Atul Projects has taken charge of the redevelopment of a 2.76-acre land parcel in Borivali (West), a location positioned along the active SV Road belt, earlier this week. With an estimated GDV of about INR 750 crore, the company is preparing to introduce luxury 2, 3 and 4-bedroom residences aimed at both end-users and long-term investors seeking premium living options within Mumbai's western suburbs. The initiative builds on Atul Projects' ongoing expansion across the MMR and aligns with its strategy of strengthening its redevelopment portfolio in established residential markets.Read more

Notandas Realty has launched Notan Jewel, a new commercial development on Turner Road in Bandra, with an estimated revenue potential of over INR 400 crores. Designed to meet the rising demand for premium office and retail space, the project spans 90,000 sq. ft. with about 45,000 sq. ft. of leasable area. It features a grand arrival lobby, a modern car tower parking system, high-speed elevators, surveillance, and recreational spaces including a rooftop pickleball court and breakout zones. The launch reflects the company's legacy in Bandra and forms part of its plan to introduce four new commercial projects in FY2025-2026, strengthening its position in Mumbai's real estate market.Read more

Piling work at Elphinstone Bridge's P61 and P61A pier locations has completed seven piles so far but faced interruptions from local residents concerned about the safety of century-old nearby buildings. MMRDA's contractor appointed VJTI experts to monitor structural stability, using accelerometers, crack width gauges, and tilt sensors. A joint site visit with officials, experts, and residents was held to explain safety measures. Preventive guidelines were issued to reduce rig RPM, limit noise, and monitor vibrations during pile boring, ensuring the safety of the surrounding structures.Read more

Mumbai's commercial map is shifting as companies increasingly choose the Eastern and Northern suburbs over traditional hubs like BKC, Lower Parel and Nariman Point. Chembur-Ghatkopar East is emerging as a strong alternative, offering modern offices, better connectivity and more affordable rentals. Improved access through the Santacruz-Chembur Link Road, Eastern Freeway and growing Metro network has made the area appealing to BFSI, tech and professional services firms. Developers are introducing Grade-A spaces with large floor plates and sustainable features, often at rents 30-40% lower than BKC. With steady leasing activity and rising investor interest, the corridor is quickly becoming a future-ready commercial destination.Read more

CCI Projects has announced a major investment of around INR 700 crore to develop a new luxury residential tower within the Mumbai Metropolitan Region. Introduced earlier this week, the 53-storey tower, named Skyleap, will form part of the Rivali Park 2 gated community situated along the Western Express Highway in Borivali. The development will comprise 320 premium apartments and is expected to generate revenue exceeding INR 1,250 crore on completion. CCI Projects, founded in 2000, has already delivered several towers and currently maintains an active development pipeline across the region.Read more

The BMC has proposed a 4.24 km elevated corridor along LBS Marg to ease traffic between Kurla West and Ghatkopar West. The flyover, starting near Kalpana Talkies and ending near Pankhe Shah Baba Dargah, will include a 3.91 km main stretch, ramps at both ends and three connecting arms for smoother entry and exit. Designed as a four-lane, 16.5-metre-wide structure using steel girders and an RCC deck, it aims to bypass chronic bottlenecks near the Andheri-Ghatkopar Link Road, Ghatkopar station and Sant Narsi Mehta Road. With Metro works and other bridges in the area, VJTI will oversee technical planning. Estimated at INR 1,635 crore, the project is expected to take four years.Read more

The Central Government has approved 17 projects under the Electronics Component Manufacturing Scheme (ECMS), opening up investment commitments of INR 7,172 crore and creating more than 11,800 jobs. The selected applicants include Jabil, Aequs, AT&S, Uno Minda, Zetwerk, Secure Meters and others, with production spanning camera modules, multi-layer PCBs, enclosures, connectors, oscillators and optical transceivers. These projects, spread across nine states, are expected to generate output worth INR 65,111 crore. Combined with the first tranche cleared earlier, ECMS now covers 24 projects. Officials said the scheme strengthens India's electronics value chain amid shifting global supply dynamics, while industry leaders noted its role in anchoring global manufacturing and building competitive domestic capabilities.Read more

Suraj Estate Developers expects to generate about INR 1,200 crore in revenue from its newly launched Mumbai commercial project, One Business Bay. The development offers 2.09 lakh sq ft of carpet area, featuring 182 premium office units and select high-end retail spaces. The company has completed over 45 projects totalling 16.09 lakh sq ft and is currently working on 13 ongoing developments with 7.55 lakh sq ft of RERA-registered saleable area. It also has 16 upcoming projects planned, adding another 11.57 lakh sq ft. With this launch, Suraj Estate Developers continues to expand its commercial footprint and tap into growing demand for modern business infrastructure in Mumbai.Read more