The Bhubaneswar Municipal Corporation (BMC) and Bhubaneswar Development Authority (BDA) have handed over more than 100 flats to beneficiaries under the third allotment phase of the Shantipalli Awas Yojana, part of the Keshari Residency project in Satya Nagar. With this phase, 560 families have now received homes�326 in the first phase held last November and 121 in the second. Odisha�s Housing and Urban Development Minister Krushna Chandra Mahapatra stated that the project, developed under a public�private partnership, will ultimately provide 1,300 units, including 840 for the Economically Weaker Section (EWS). Of these, 560 G+4 flats are already complete and occupied. The initiative, one of three affordable housing projects under the Pradhan Mantri Awas Yojana (PMAY) in Bhubaneswar, is complemented by ongoing works at Ekamra Residency in Buddha Vihar and Barunei Enclave in Subuddhipur.Read more

The Brihanmumbai Municipal Corporation (BMC) has approved leasing around 15 acres of land at the closed Mulund dumping ground to Navbharat Mega Developers Private Limited (NMDPL), an Adani Group special purpose vehicle (SPV) executing the Dharavi Redevelopment Project with the Maharashtra government. The lease, set for 10 years, will carry an annual rent of INR 18.35 crore at a rate of INR 252 per sq m per month. The land will be used to set up casting yards, precast units, and RMC plants essential for construction. However, the site still holds around 50,000 metric tons of solid waste awaiting clearance before work begins.Read more

The Brihanmumbai Municipal Corporation (BMC) has approved an INR 20 crore project this week to redesign 48 high-risk road junctions across Mumbai in collaboration with the Mumbai Traffic Police. These intersections were identified through a survey by the World Resources Institute India (WRI India) and the Global Designing Cities Initiative (GDCI) in 2021-22. The improvements will include widening footpaths, installing dedicated lanes, reducing crossing distances, and calming traffic. Key spots include the Sion-Panvel Expressway, Ghatkopar-Mankhurd Link Road and King Circle.Read more

The Brihanmumbai Municipal Corporation (BMC) will transform seven of its sewage-treatment plants into revenue-earning units by selling about 1,200 MLD of chemically processed recycled water annually to companies including Tata Power, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) at a rate of INR 1 per kilolitre. The scheme is expected to bring in around INR 43.80 crore a year, once the upgrades to the plants in Worli, Ghatkopar, Versova, Malad, Bandra, Bhandup and Dharavi are complete.Read more

A 56-metre steel span was recently installed at the Sonapur junction in Mulund as part of the ongoing Metro-4 construction between Wadala and Kasarvadavali. The heavy-duty operation, carried out in two phases using 500-tonne cranes and multi-axle trailers, required complete traffic closure at the GMLR junction over two nights. Commuters were diverted through alternative routes including Village Road, Pandit Jawaharlal Nehru Road, and Subhash Nagar Road. Authorities confirmed that additional work will continue next weekend and that one lane on LBS Road will remain closed till the end of December.Read more

The Brihanmumbai Municipal Corporation (BMC) has launched ward-level inspections across Mumbai to enforce its 28-point environmental guidelines for construction sites. The checks focus on ensuring the installation of air-quality (AQI) monitors to track dust and emissions from ongoing projects. In September, the BMC issued 314 notices including 275 show-cause notices and 39 stop-work orders' to non-compliant sites. Dedicated squads are conducting regular visits to verify adherence to pollution-control norms such as water sprinkling and debris containment. Building on earlier measures from 2023, the initiative aims to curb dust pollution, enhance accountability, and improve Mumbai's air quality, with repeat violators facing penalties or extended work suspensions.Read more

The Mumbai Metro Line 3, or Aqua Line, handled 38.63 lakh passengers in October, showing consistent growth in daily ridership since its full launch earlier this month. Covering 33.5 km from Cuffe Parade to Aarey JVLR, the corridor recorded an average weekday ridership of 1.41 lakh, with the highest single-day count reaching 1.82 lakh. Operated by the Mumbai Metro Rail Corporation (MMRC), the line connects major business and transit hubs and has introduced WhatsApp and QR-based ticketing for easier travel.Read more

Titagarh Rail Systems Ltd (TRSL) announced earlier this week that it had been awarded a contract worth INR 2,481 crore by the Mumbai Metropolitan Region Development Authority (MMRDA). The agreement includes the design, manufacture, supply, and commissioning of 132 metro coaches for Mumbai Metro Line 5, along with several key systems such as signalling, telecommunication, and depot machinery. The project spans both phases of Line 5 and will also include five years of comprehensive maintenance.Read more

Mumbai recorded around 11,200 property registrations during the past month, reflecting a 14% year-on-year dip, largely attributed to last year�s elevated festive base. According to Knight Frank India, stamp duty collections touched INR 1,004 crore, showing a 17% fall. Despite the decline, the city maintained over 11,000 registrations, highlighting persistent buyer confidence, particularly in the mid-income and western suburban segments, which continued to dominate the market share.Read more

Smartworks Coworking Spaces Ltd has leased 8.15 lakh sq ft of office space in Mumbai from the Hiranandani Group to create what it says will be the world's largest managed workspace campus. The new facility, located at Vikhroli in the Regalia Office Parks project, is expected to be operational by late 2026. The partnership marks a major milestone for Smartworks, which already manages over 12 million sq ft of workspace across 14 cities in India and Singapore. The company continues to expand its focus on large, sustainable, and enterprise-driven office campuses.Read more

The Slum Rehabilitation Authority (SRA) has initiated a series of technology-driven reforms aimed at expediting slum rehabilitation projects across Mumbai. Led by CEO Dr Mahendra Kalyankar, the Authority introduced measures such as blockchain-based approval systems, AI chatbots, and multi-language portals to improve transparency and efficiency. Developers' associations including CREDAI MCHI, NAREDCO, BDA, and PEATA lauded the reforms, noting renewed optimism in the sector and the SRA's commitment to achieving a slum-free Mumbai.Read more

The state urban development department has named the Slum Rehabilitation Authority (SRA) and Dharavi Redevelopment Project (DRP) as special planning authorities for the 42.51-acre Jamasp Salt Pan land in Mulund East and the 8.5-hectare Kurla Dairy land. These parcels form part of the 256-acre land approved by the Centre for the Dharavi redevelopment, aimed at housing ineligible residents through rental units. Navbharat Mega Developers Pvt Ltd, the special purpose vehicle for the project, paid INR 320 crore for the Salt Pan land, which it took possession of earlier this year.Read more

Starlink Satellite Communications Pvt Ltd, the Indian arm of SpaceX, has leased a 1,294 sq ft office in Mumbai's Boomerang commercial complex, Chandivali, marking a key step in expanding its India presence. The five-year lease, registered earlier this week, carries a monthly rent of INR 3.52 lakh with a 5% annual escalation and a security deposit of INR 31.7 lakh. The move aligns with Starlink's preparations to launch satellite broadband services pending Department of Telecommunications approval, and its plan to establish nine gateway earth stations, including one in Mumbai.Read more

The Bombay High Court has overturned the de-registration of a Borivli West housing society federation, ordering restoration of its registration under the Maharashtra Cooperative Societies Act. The federation, registered in January 2018, had been de-registered following an appeal filed in April 2025-almost seven years later-by another society claiming ignorance of its registration. However, the federation presented evidence showing that the appellant society had earlier applied for membership, proving prior knowledge. Justice Amit Borkar ruled that false claims cannot justify condonation of delay, quashing the registrar's order. The court stressed that statutory authorities must act within the law, reinforcing accountability and truthfulness in cooperative society proceedings across Maharashtra.Read more

The Brihanmumbai Municipal Corporation (BMC) continues to struggle with unauthorized hawkers occupying entrances near Aqua Line 3 Metro stations, despite daily inspections and enforcement measures. Vendors temporarily vacate areas during crackdowns but return shortly after, creating congestion and obstructing pedestrian movement. Officials admit the recurring nature of the problem and note that festive periods see an increase in hawking activity. The situation reflects the ongoing difficulty of managing illegal vending in Mumbai's public spaces, even as major infrastructure projects like Aqua Line 3 are completed.Read more

The restructuring of Vedanta Limited's proposed demerger has been delayed again after the National Company Law Tribunal (NCLT) Mumbai bench was reconstituted, pushing the matter to be heard on November 12. The company informed the tribunal that the Securities and Exchange Board of India (SEBI) has cleared its revised scheme, which no longer separates the base-metals business from the parent. The Ministry of Petroleum and Natural Gas (MoPNG) has raised objections regarding disclosures in Vedanta's plan. Earlier this year the demerger approval deadline had already been extended due to pending regulatory approvals.Read more

Mumbai's Brihanmumbai Electric Supply and Transport (BEST) has expanded its fleet by adding 157 air-conditioned electric buses as part of its plan to introduce 5,000 such vehicles in phases. Maharashtra Chief Minister Shri Devendra Fadnavis announced the addition at the Colaba depot, emphasizing the need for financial self-sufficiency through non-fare revenue. The initiative is aimed at reducing emissions, improving commuter comfort, and strengthening the city's transport network while aligning with Maharashtra's broader electric vehicle policy goals.Read more

Adani Ports and Special Economic Zone (APSEZ), led by Gautam Adani, expressed its intention earlier this week to participate in the INR 53,000 crore Vadhavan Port project near Mumbai. The company signed two memoranda of understanding with the Jawaharlal Nehru Port Authority (JNPA) to explore involvement in offshore works and the development of a container terminal. The JNPA, which owns the majority stake in the upcoming port, clarified that these agreements represent expressions of interest and will be followed by detailed bidding processes.Read more

Realty developer Godrej Properties anticipates generating over INR 10,000 crore in gross revenue from its forthcoming residential development named Godrej Trilogy in the Worli area of Mumbai. The 2.63-acre project will comprise three towers, with two of them covering about 11 lakh square feet of saleable area now having secured RERA approval, and registration from Maharashtra Real Estate Regulatory Authority (MahaRERA) obtained earlier this week. In the first phase, the company plans to launch the two approved towers this quarter. The project is a joint development on a prime land parcel in South Mumbai, aligning with the company's strategy to expand its presence in high-potential urban land assets.Read more

The Nagpur bench of the Bombay High Court recently ruled that courts cannot compel banks to modify loan agreements or grant one-time settlement (OTS) benefits to borrowers or guarantors. The verdict came after a plea challenging Indian Bank's refusal to extend OTS benefits on a INR 62 crore loan sanctioned in 2011. The court held that granting OTS benefits falls within a bank's commercial judgment and cannot be enforced through judicial intervention. It further stated that borrowers and guarantors are bound by the contracts they willingly entered into.Read more