Maharashtra has approved land in Igatpuri, Nashik district, to build a new film city modeled on Mumbai's Goregaon Dadasaheb Phalke Chitranagri. The project will feature indoor studios, outdoor sets, and other facilities for movies and television production. Land transfer proposals and feasibility studies have been completed, with KPMG appointed to assess financial viability. The government aims to make the project a hub for the Indian film industry while boosting tourism. An amusement park may also be included to attract more visitors and support the local economy.Read more

The Brihanmumbai Municipal Corporation (BMC) has approved the construction of two 40-foot clock towers in Andheri West - one near Infinity Mall on Link Road and another close to the Andheri Sports Complex on Veera Desai Road - with a total budget of INR 1 crore. Each tower, costing INR 50 lakh, will feature fountains, landscaping, seating spaces, and decorative lighting, with completion targeted in six months. Officials said the project aims to beautify the area and create new local landmarks, though civic experts questioned its relevance given Mumbai's pressing infrastructure issues. Separately, the BMC is finalizing plans to relocate an illegal fish market from Dadar's Senapati Bapat Marg to Loop Road in Wadala following resident complaints about congestion and hygiene.Read more

Manglam Group has launched a redevelopment project, Manglam Rajanigandha, in Borivali (West), Mumbai, investing INR 100 crore on 80,000 sq ft of land. Developed through Manglam & Karnani Ventures LLP, the project is expected to generate INR 150 crore in revenue. It will offer 80 apartments, with half allocated to existing residents and half for sale. Founded in 1997, Manglam Group has delivered over 35,000 homes and operates in the hospitality sector. The project is planned for completion by mid-2026, marking the company's strategic entry into Mumbai's redevelopment sector.Read more

Mumbai's road concretisation work is resuming after a four-month pause caused by the monsoon. The Brihanmumbai Municipal Corporation (BMC) plans to complete 574 partially concreted roads first, followed by 776 new roads. Since its launch in January 2023, just over half of the project has been completed, with Phase 1 covering 700 roads at 63.5% progress and Phase 2 covering 1,421 roads at 36.8%. The project focuses on durable roads while considering local conditions and resident convenience. Narrow or encroached roads may receive alternative treatments until conditions allow full concretisation.Read more

Tata Power Renewable Energy Ltd (TPREL) has signed a Power Purchase Agreement with Tata Power Mumbai Distribution to develop an 80 MW Firm and Dispatchable Renewable Energy (FDRE) project with an estimated investment of INR 1,200 crore. The project, to be completed within 24 months, will integrate solar, wind, and battery storage systems to ensure reliable supply even during peak demand. Once operational, it is expected to generate around 315 million units annually, reduce over 0.25 million tonnes of carbon emissions, and meet renewable obligations while providing electricity to about 800,000 consumers across Mumbai.Read more

The Brihanmumbai Municipal Corporation (BMC) has initiated tenders valued at INR 2,200 crore for the construction of two bridges in Mumbai's western suburbs. These projects aim to enhance connectivity and ease traffic congestion. The first project involves the Lagoon Road Bridge, which will connect Malad (West) to Andheri's Lagoon Road, traversing over a mangrove patch and the Poisar River. The second project includes a bridge linking MDP Road to Ryan International School in Kandivali East, along with a new traffic arm connecting the upcoming Coastal Road to Marve Road in Malad.Read more

Mr. Bhadresh Shah, Managing Director, Today Group

Mumbai continues to redefine its urban landscape, and the emergence of Third Mumbai, also known as Mumbai 3.0, signals a significant transformation in the luxury residential market. Spread across the Raigad district under the Karnala-Sai-Chirner (KSC) New Town project, the region integrates smart urban planning, luxury living, and strategic infrastructure. With connectivity improvements such as the Mumbai Trans Harbour Link, the upcoming Navi Mumbai International Airport, metro extensions, and water transport routes, Third Mumbai offers both high-end residential and affordable housing. The district also aims to host innovation-driven hubs, creating a self-sustained urban ecosystem that combines convenience, prestige, and modern lifestyle aspirations.Read more

Bollywood actor Pankaj Tripathi, along with his wife Mridula and daughter Aashi, has purchased two apartments in Mumbai's Andheri West and Kandivali West areas for a combined total of INR 10.85 crore. The first property, in Seabliss, Andheri West, spans 2,372 sq ft and was bought by Pankaj and Aashi for INR 9.98 crore. The second, in Aashapura Heritage, Kandivali West, measures 425 sq ft and was purchased by Mridula and Aashi for INR 87 lakh. Both transactions included stamp duty and registration charges and were finalized in July and early September.Read more

The Maharashtra government has moved to convert the 6.4-hectare seafront Worli Dairy plot in Mumbai for commercial use. On September 25, the Urban Development Department issued a notification reclassifying the land under DCPR 2034 from residential to commercial, while inviting public objections. The long-unused site-housing the defunct government dairy, staff quarters, and commissioner's office-had earlier been earmarked for research or civic projects. In January 2024, the MMRDA sought control to redevelop the land as a mixed-use node, with CM Devendra Fadnavis approving draft proposals this April. The latest notification paves the way for private leasing and high-value commercial development on this prime coastal parcel.Read more

The Maharashtra government has set up the Self-Group Redevelopment Authority (SGRA) to speed up self-redevelopment projects in Mumbai, appointing BJP MLC Pravin Darekar as chairman with Minister of State status. Acting alongside MHADA as the nodal agency, SGRA aims to help housing societies navigate disputes and accelerate approvals for self-managed redevelopment. The move builds on past government resolutions from 2019 encouraging societies to undertake redevelopment themselves.Read more

The Bombay High Court has revoked letters of administration that had transferred ownership of a Malabar Hill bungalow valued at INR 150 crore. The property once belonged to Sir Jamshedji Duggan and was allegedly taken over through a forged will. The court fined the person involved INR 25 lakh and ordered cancellation of a transfer deed from 2022. Executors of the legitimate will of Dr Feroze Duggan challenged the transfer, saying it was based on false statements and unregistered documents. The court also opened criminal proceedings for using fake documents in court.Read more

Property registrations in the Mumbai municipal region rose significantly during the past month, driven by strong festive demand. According to Knight Frank India, the city recorded 12,070 property registrations, representing a 32 per cent year-on-year increase compared with the same period last year. Maharashtra government data indicated that stamp duty collections also increased, reaching INR 1,292 crore, with residential transactions forming the bulk of the registrations.Read more

Pune-based Panchshil Realty has acquired Capgemini's Knowledge Park in Airoli, Thane, near Mumbai, for INR 550 crore. Spread across 15.38 acres, the campus includes five commercial buildings, a training centre, utility buildings, a visitors' plaza, three cafes, and a guest house. The property hosts offices for several technology firms, including Here Technologies, GEP, Atos Global IT Solutions, and Solcen Technologies. The deal, registered on September 17, 2025, is among the largest commercial real estate transactions in the Mumbai Metropolitan Region this year and adds to Panchshil's expanding footprint in the city.Read more

The Bombay High Court has dismissed a petition by individual members of Satyam Lok Prabhat Cooperative Housing Society in Mumbai who challenged a deemed conveyance order issued to their society. The court ruled that once the society negotiates a settlement with the builder, individual members cannot contest it separately. The decision refers to the 2018 government resolution under the Maharashtra Ownership of Flats Act (MOFA) and highlights that disputes regarding property conveyance must be handled collectively through the society.Read more

NAREDCO MAHI recently celebrated the Women Achiever Awards 2025 at the NAREDCO HOMETHON Property Expo in Mumbai, honoring women transforming the real estate and allied sectors. With participation from top industry leaders and dignitaries, the event highlighted women's growing influence in leadership, sustainability, and skill development. Through speeches and accolades, the awards underscored women's resilience, vision, and ability to shape communities. The initiative, supported by leading industry partners, emerged as a platform to inspire future female leaders while celebrating the achievements of trailblazing women across the country.Read more

The Supreme Court has directed a man to vacate two properties in Mumbai and hand them back to his 80-year-old father. The order was passed after the son was found preventing his father and mother, aged 78, from residing in their own homes. A tribunal had earlier ruled in favour of the parents, ordering eviction of the son and a monthly maintenance of INR 3,000. While the Bombay High Court had later overturned this decision, the apex court had restored the tribunal's order, confirming that such authorities are empowered under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007 to ensure the rights and welfare of senior citizens.Read more

Indian Hotels Company Limited (IHCL), part of the Tata Group, announced during the past week that it had secured all necessary approvals to begin construction of the Taj Bandstand project in Bandra, Mumbai. The development, worth INR 2,500 crore, will be built on a two-acre parcel of land held under lease by its subsidiary, ELEL Hotels and Investment Limited. The project is planned to feature 330 rooms and 85 apartments, designed to enhance the city's luxury hospitality offering.Read more

The Maharashtra government has approved redevelopment of 4,973 flats in SVP Nagar colony in Andheri West under MHADA, spread over 498 plots. MHADA will redevelop 98 housing societies built in 1993 under a World Bank scheme. Seven societies have already been fully redeveloped and three are under construction. The remaining 82 societies, housing about 2,666 families, will come under the plan. The project will follow BMC's rules and include modern amenities, improved housing space, and upgraded infrastructure to enhance living standards.Read more

Maha Mumbai Metro faced a brief technical issue during the trial run of Metro Line 9 near Dahisar (East) earlier this week, which temporarily halted operations. To ensure passenger convenience, services were promptly restored with loop and short loop operations introduced. While minor delays occurred, trains continued running across key stretches. The technical team addressed the glitch swiftly, and services are now fully operational with a renewed emphasis on safety and reliability.Read more

Mahindra Lifespace Developers Ltd (MLDL), part of the Mahindra Group, has been chosen to execute two society redevelopment projects in Chembur, Mumbai, with a combined gross development potential of nearly INR 1,700 crore. Covering 2.6 and 1.8 acres in the Diamond Garden locality, the projects will deliver modern, sustainable homes with upgraded community amenities. MLDL's Chief Business Officer, Vimalendra Singh, said redevelopment is central to the company's growth strategy in high-demand areas. Well-connected to Navi Mumbai, Thane, BKC, and Powai, the sites benefit from the upcoming Diamond Garden Metro Station and improved infrastructure, positioning them strongly within Mumbai's evolving real estate market.Read more