Interior designer and entrepreneur Sussanne Khan has leased a residential property in Mumbai's prime Jogeshwari West area for a monthly rent of INR 2.37 lakh. The property, located in Agarwal Ind Estate, is a 2,329 sq ft (216.37 sq metre) space in a ready-to-move-in industrial development. The deal was formalised with a stamp duty of INR 13,500 and registration charges of INR 1,000. Square Yards, the real estate consultant managing the transaction, has reviewed the official property registration documents. Khan, the founder of The Charcoal Project, is known for her luxury interior design services for a global clientele.Read more

WeWork India has leased 1.26 lakh sq ft across three floors in the Lightbridge commercial tower, Andheri East, Mumbai, with operations commencing in August 2025. The INR 1.38 crore monthly rental over the five-year lease underscores WeWork's strategic expansion in flexible workspaces amid rising demand for hybrid work models. The Lightbridge tower, a joint project by Gamma Constructions and Srishti Group, highlights the sector's resilience, with flexible operators accounting for 20% of new leases in India. WeWork's portfolio now spans over 8 million sq ft across 62 locations, cementing its role in reshaping India's commercial real estate market.Read more

The Brihanmumbai Municipal Corporation (BMC) has directed the suspension of all construction activities in Byculla and Borivli East following sustained Air Quality Index (AQI) levels above 200, indicating "poor" air quality. The directive applies to private and public projects, including civic and state infrastructure initiatives. Monitoring of AQI levels in Worli and Colaba-Navy Nagar will determine if similar measures are necessary there. Non-compliance could result in legal action against violators under the Maharashtra Regional Town Planning Act and the civic body has pledged stricter enforcement of these measures.Read more

Dharavi Redevelopment Project Pvt Ltd (DRPPL), responsible for the redevelopment of Dharavi, Asia's largest slum in Mumbai, has rebranded as Navbharat Mega Developers Pvt Ltd (NMDPL). The change has been approved by both the company's board of directors and the Ministry of Corporate Affairs. NMDPL is a joint venture between the Government of Maharashtra and the Adani Group. While the Adani Group holds an 80% stake, the Maharashtra government retains a 20% share. The rebranding aims to distinguish the company from the Dharavi Redevelopment Authority (DRP), the state government agency overseeing the project. In November 2022, Adani Properties won the rights to lead the INR 20,000-crore project.Read more

Under the leadership of Chief Minister Shri Devendra Fadnavis and the guidance of Deputy Chief Minister Eknath Shinde, the Mumbai Metropolitan Region Development Authority (MMRDA) has introduced stringent guidelines to reduce dust pollution from construction activities. These measures focus on controlling dust, monitoring construction sites, managing debris, and regulating vehicle transport. They also include penalties for non-compliance. The guidelines are designed to enhance air quality and promote sustainable urban development, reflecting the MMRDA's commitment to both environmental protection and urban growth.Read more

Mumbai is preparing to open its first elevated forest walkway by New Year, with the Brihanmumbai Municipal Corporation (BMC) overseeing the project. The 482-metre trail, situated on Malabar Hill, offers stunning views of the city and Girgaon Chowpatty. Despite challenges like protecting trees, difficult terrain, and limited working hours, over 90 per cent of the construction has been completed. The walkway, designed to minimise disruption to the environment, has been built with minimal concrete and includes special measures to protect British-era pipelines beneath it. The final phase is expected to be completed by the end of January.Read more

The National Green Tribunal (NGT) directive has halted nearly 200 real estate projects in Mumbai Metropolitan Region, mandating central oversight for developments exceeding 20,000 sq. m. within a 5-km radius of eco-sensitive zones. Key areas affected include Sanjay Gandhi National Park, Flamingo bird sanctuaries, and Tungareshwar Wildlife Sanctuary. The transition from state to central environmental clearance has caused delays, increasing costs and uncertainty for developers. CREDAI-MCHI and other stakeholders have petitioned the Supreme Court for interim relief. While the directive highlights environmental priorities, better administrative coordination is crucial to balance sustainability with urban development.Read more

Lenders to Mumbai Metro One, which operates the Versova-Ghatkopar line, are nearing an agreement to sell their outstanding debt to the National Asset Reconstruction Company (NARCL), a government-backed bad loan aggregator. NARCL has proposed an offer of INR 1,063 crore to acquire Mumbai Metro One's INR 1,226 crore debt. This offer, which includes 15% in cash and the rest as security receipts, triggered a Swiss challenge auction but has yet to be finalised. The deal excludes foreign currency loans raised by Mumbai Metro One. Meanwhile, the government-backed bad bank is also considering restructuring the debt.Read more

Jagdish Naresh Master, a renowned stock market trader, has purchased a 7,139 sq. ft. apartment on the 60th floor of Oberoi Three Sixty West, Worli, for INR 106 crore, at INR 1.50 lakh per sq. ft. His wife, Urjita Master, acquired a flat on the 59th floor for INR 105 crore last month, showcasing their preference for luxury real estate. Jagdish paid INR 3.97 crore in stamp duty, adhering to differential stamp duty norms. These high-value transactions highlight Mumbai's thriving luxury real estate market, driven by demand for premium homes in prime locations, reinforcing the city's position as India's top property investment hub.Read more

The Bombay High Court dismissed a plea challenging the Adani Group's tender for the INR 23,000 crore Dharavi Redevelopment Project, clearing the way for one of India's largest urban renewal initiatives. The project, in partnership with the Maharashtra government, promises sustainable living for over one million Dharavi residents, offering new flats with improved amenities and in-situ rehabilitation for eligible tenants. Despite controversies, the project adheres to government resolutions and ESG standards.Read more

In a notable step towards expediting Mumbai's infrastructural advancements, the MMRDA, led by Commissioner Dr. Sanjay Mukherjee, collaborated with traffic authorities to secure 17 pending permissions for nine major projects. Key approvals include permissions for Metro Lines 2B, 6, 7A, and 9, the Sewri-Worli Connector, the Missing Link Flyover, and more. These permissions, facilitated by a strategic meeting with Joint Commissioner of Police (Traffic) Anil Kumbhare, mark a significant milestone for seamless project execution. The approvals will help realise the vision of #MumbaiInMinutes, enhancing the city's public transport and connectivity.Read more

The Mumbai Metropolitan Region Development Authority (MMRDA) has opened a new 180-metre signal-free road linking the SEBI Building to Avenue-5, significantly improving traffic flow in the bustling Bandra Kurla Complex (BKC). Completed in just 3.5 months, the project reduces congestion at key junctions and provides seamless connectivity for commuters from the Eastern Express Highway (EEH). The road's initial three lanes are now operational, with the remaining three set to open soon. This development underscores MMRDA's commitment to enhancing urban mobility and supporting BKC's status as a global business hub.Read more