Lodha Developers reported a 7% year-on-year increase in pre-sales, reaching INR 4,570 crore for the July-September quarter, reflecting strong market demand. Collections rose 13% to INR 3,480 crore, showing robust cash flow. For the first half of the financial year, pre-sales reached INR 9,020 crore, up 8%, while collections increased 10% to INR 6,360 crore. The company added a new project in the Mumbai Metropolitan Region valued at INR 2,300 crore, helping it achieve its full-year guidance of INR 25,000 crore ahead of schedule. Net debt remained at INR 5,370 crore.Read more

Ashishkumar Chauhan, Managing Director and CEO of the National Stock Exchange, has invested in a 1,900 sq ft luxury apartment in Mumbai's premium Lodha World Towers in Worli. The apartment, purchased for around INR 10 crore, includes three car parking spaces and has a registered value of INR 9.93 crore. Chauhan acquired the property from Lodha Developers, and the transaction was officially registered earlier this week. His annual remuneration at NSE is INR 12.09 crore, reflecting his financial capacity for luxury real estate investments in the city.Read more

The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced the 'Mumbai One' app, India's first common mobility application integrating 11 public transport operators, including suburban railways, metro, monorail, and buses. The app enables commuters to travel across multiple transport modes using a single QR-based digital ticket. Offering features like real-time route updates, a journey planner, nearby station and attraction guides, and safety functions such as SOS and location sharing, the app promotes cashless, paperless travel. The initiative supports the Digital India vision and aims to simplify commuting across Mumbai.Read more

Mumbai's first fully underground metro corridor, Metro Line 3 (Aqua Line), is now fully operational, connecting Cuffe Parade in south Mumbai to Aarey JVLR in Goregaon. The final stretch from Acharya Atre Chowk to Cuffe Parade adds 11 underground stations and strengthens access to heritage areas, business districts, and government hubs. Developed by MMRCL with funding from the Government of India and JICA, the line will serve 13 lakh commuters daily, reduce suburban railway load by 15%, save 3.54 lakh litres of fuel per day, cut vehicular trips, and improve overall urban mobility across the Mumbai Metropolitan Region.Read more

In a landmark move for India's real estate sector, CREDAI-MCHI, under the leadership of President Sukhraj Nahar, has hosted the Real Estate Leaders' Convergence - a first-of-its-kind event uniting major industry bodies like NAREDCO, BDA, and PEATA. The initiative aims to foster unity, streamline regulations, and enhance Ease of Doing Business across Mumbai's real estate ecosystem. A Joint Task Force will coordinate reforms, push for faster approvals, and ensure transparency through digitization. Key discussions focused on coordinated planning among agencies and restructuring premium payments for better cash flow. The convergence marks a new era of collaborative leadership, policy alignment, and sustainable growth for the MMR's real estate sector.Read more

IHCL has launched Gulab Haveli, Mandawa - IHCL SeleQtions, a 17-room heritage property in Rajasthan that retains its 19th-century architectural essence. The restoration incorporates frescoes, low doorways, arches, and a central courtyard. The hotel offers a dining venue inspired by the Silk Route (Resham), a relaxed bar (Amal), a rooftop pool, and a Hammam Spa. IHCL frames the new property as an effort to preserve India's cultural heritage while providing modern hospitality, aligning with Mandawa's legacy of art and historic architecture.Read more

As Mumbai prepares for the full commissioning of Metro Line 3 - the 33.5 km underground "Aqua Line" - its impact on the city's real estate landscape is already profound. Connecting Aarey Colony to Cuffe Parade, the line will seamlessly link South Mumbai with key business districts and suburban hubs. Developers and experts note rising demand for well-connected homes offering modern amenities and convenience. The combined effect of Metro Line 3 and Dharavi Redevelopment is expected to boost property values in BKC, Mahim, and Sion. While challenges like last-mile connectivity and affordability remain, Metro Line 3 is set to redefine urban living and investment in Mumbai.Read more

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