Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Location : Mumbai

Navi Mumbai civic body intensifies anti-encroachment action with Airoli demolitions

The Navi Mumbai Municipal Corporation recently conducted a strict demolition drive against unauthorised construction in the Airoli area after the property owners failed to comply with official notices. Under the guidance of senior officials, the encroachment department removed constructions at two specific plots where building activity had continued despite prior legal directives. A total penalty of INR 50,000 was collected from the property owners. The operation involved dedicated municipal staff, labourers, and police support, signalling the administration's continued focus on curbing unauthorised developments within the city.Read more

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Mumbai Metro Update: Line 2B Phase 1 gets final checks before opening to commuters

Mumbai is set to witness a major leap in urban mobility with Metro Line 2B, the east-west corridor, approaching a key milestone. Phase I, spanning Mandale to Chembur over 5.39 km, has entered the statutory safety approval stage. Authorities, including the Metropolitan Commissioner of MMRDA, have inspected the stretch and issued directives to ensure timely completion. Once certified, the line will enhance travel efficiency, reduce road congestion, and seamlessly integrate with other metro lines, monorail, and suburban rail networks, promising a transformative urban commuting experience.Read more

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Maharashtra inks MoU with Lodha for 2 GW integrated data centre park in Mumbai

The Maharashtra government has signed an MoU with Lodha Developers to set up a Green Integrated Data Centre Park in Palava City, Dombivli, near Mumbai. Spread across 370 acres in Ambernath, Thane, the project will have a planned 2-gigawatt capacity and attract INR 30,000 crore in investment. The park will host leading domestic and global data centre companies, creating around 6,000 jobs. Part of Maharashtra's Green Data Centre Parks policy, the facility will run on renewable and alternative energy. With India's data centre capacity projected to rise from 8.3 GW to 20-25 GW by 2030, this project strengthens Mumbai's position as a key hub for digital and clean energy infrastructure.Read more

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Aurum Helios

Mumbai City, India

Aurum Helios, perched in the prestigious Walkeshwar / Malabar Hill area, offers ultra-luxury 4 BHK residences with one home per floor, ensuring exclusivity and expansive views. Its boutique design combines opulent amenities with refined architectural elegance, delivering a high-end living experience in one of Mumbai’s most coveted neighbourhoods.

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Maharashtra to simplify Occupancy Certificate process for Mumbai buildings

The Maharashtra government is preparing a new policy to simplify occupancy certificate (OC) approvals for thousands of buildings in Mumbai and its suburbs. Targeted at projects that have long faced delays due to rule changes, lapses, or disputes, the scheme will allow residents to apply online, with penalties waived if applications are made within six months. Issues such as floor area discrepancies, setbacks, and stalled projects will be addressed, while additional space used will require payment of premiums. Recommendations include protecting open spaces, ensuring parking, and permitting partial OCs where feasible. The move aims to ease legal uncertainty, support housing societies, and bring long-pending buildings into compliance.Read more

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Mumbai Metro News: Metro Line 11 from Wala to Gateway of India receives state approval

The Maharashtra government has cleared the INR 23,487 crore Metro Line 11 project, running 17.5 km from Wadala's Anik Bus Depot to SPM Circle near the Gateway of India, with 14 stations-13 underground. The project will be funded jointly by the state (INR 3,137 crore), the centre (INR 3,137 crore), Brihanmumbai Municipal Corporation (INR 2,411 crore) and Mumbai Port Authority (INR 804 crore), with a 60% loan from financial institutions. The fare slab is fixed between INR 10 and INR 70, rising by INR 10 every three stations, and the line aims to ease traffic congestion and integrate with other metro lines.Read more

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Bombay HC: Developers not liable for GST on JDAs until property transfer

The Bombay High Court has provided significant relief to real estate developers by ruling that Goods and Services Tax (GST) on construction services under Joint Development Agreements (JDAs) is payable only upon transfer of ownership through conveyance, and not at the time of signing the agreement. The judgment came in a case involving Provident Housing, which had challenged a tax demand and sought a refund of INR 7 crore deposited under protest. Developers had argued that the earlier interpretation forced them to bear an 18% GST burden upfront, often without input tax credit, inflating project costs and ultimately impacting homebuyers. This clarity is expected to streamline redevelopment deals, ease financial strain, and improve affordability in land-scarce urban markets.Read more

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Elphinstone Bridge to be closed for demolition and reconstruction, new double-decker structure planned

Mumbai's historic Elphinstone Road Over Bridge, a key east-west link connecting Parel and Prabhadevi, will be closed for vehicular traffic ahead of its demolition and reconstruction. The bridge, over a century old, will be replaced with a modern double-decker structure as part of the Sewri-Worli Elevated Connector project by MMRDA. The upgraded bridge will feature dual carriageways on both levels, enhancing connectivity between central Mumbai, the Mumbai Trans Harbour Link, and the Bandra-Worli Sea Link. A detailed traffic management plan has been devised to minimise inconvenience during the closure.Read more

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Kabra Dvayam

Mumbai City, India

Kabra Dvayam in Worli is a 27-storey ultra-luxury residential tower by Kabra Group offering 3- and 4-BHK sea-facing apartments with only two units per floor, ensuring high privacy. Located right on Worli Sea Face, the project features grand ceiling heights, expansive decks, and premium amenities, designed for refined, elevated urban coastal living.

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Supreme Boulevard - Wing A

Mumbai City, India

Supreme Boulevard – Wing A in Chembur is a premium residential tower offering thoughtfully designed 3- & 4-BHK homes set within a large gated community spread over 5 acres. With resort-style amenities, lush open spaces, and excellent connectivity, it offers a lifestyle combining comfort, luxury, and calm in a bustling suburb.

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Mumbai: BMC drafts policy to manage Western and Eastern Express Highways

The Brihanmumbai Municipal Corporation (BMC) has prepared a policy to manage Mumbai's Western and Eastern Express Highways, which are around 25 kilometers each. The plan suggests consistent maintenance of central medians, better management of road work, measures to reduce traffic jams, and clear rules for advertisements along the highways. It has been sent to the municipal commissioner for review. The policy comes after repeated concerns over traffic congestion, irregular maintenance, and unclear rules for advertisements on these busy commuter routes.Read more

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Godrej Skyshore

Mumbai City, India

Godrej Skyshore in Versova is a luxury residential development offering sea-facing 3 & 4 BHK homes with expansive decks and Vastu-compliant layouts. Nestled in a lush Versova setting, it features high-end amenities like an infinity pool, clubhouse, premium gym, landscaped gardens, and seamless connectivity to key transit points.

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New double-deck bridge to replace Goregaon's Veer Savarkar flyover

Mumbai's civic body will demolish the INR 27 crore Veer Savarkar flyover at Goregaon-opened in 2018-and replace it with a double-deck elevated bridge. Additional Municipal Commissioner Abhijit Bangar confirmed the move, noting that the new structure will better handle both local traffic and regional connectivity. The bridge, part of the Coastal Road 2 project, will directly link the Malad-Mindspace stretch with the Goregaon-Mulund Link Road, easing bottlenecks. Designed with a single-pier system and two traffic decks, it promises smoother flows compared with the current flyover. Citizens have compared the decision to the Gokhale-Barfiwala flyover mismatch of 2022, citing planning lapses.Read more

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RBI buys 4.2-acre Nariman Point plot from MMRCL for new office complex

The Reserve Bank of India (RBI) will set up a new office complex on a 4.2-acre site at Nariman Point, one of Mumbai's most prestigious business districts. The land, earlier owned by Mumbai Metro Rail Corporation Limited (MMRCL), was formally transferred to RBI on September 5. MMRCL had originally planned to auction the parcel, expecting INR 5,173 crore, with major real estate players showing interest. However, the tender was withdrawn after RBI expressed intent to acquire it, enabling a direct government-to-government deal. The plot, once home to party offices, was later cleared for the Vidhan Bhavan Metro station under Line 3.Read more

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Navi Mumbai civic body demolishes illegal structures in Airoli and Koparkhairane

The Navi Mumbai Municipal Corporation (NMMC) carried out demolition drives in Airoli and Koparkhairane after occupants ignored earlier notices against unauthorised constructions. In Airoli, illegal work on three Sector 2 plots by Nitin Vaman Nagral was razed, with officials also collecting a INR 75,000 penalty. In Koparkhairane, partial demolition was undertaken at House No. 366, owned by Hemchandra Dhondiram Mhatre, along with a INR 15,000 fine. Both operations, supervised by senior civic officials and supported by police, used heavy equipment and labour teams. The civic body has warned that similar anti-encroachment actions will intensify, aiming to enforce planning laws and curb unauthorised development.Read more

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Bafna Horizon

Mumbai City, India

Bafna Horizon is a boutique new-launch development in Girgaon featuring a select collection of 2- and 3 BHK apartments designed for refined urban living. Nestled in a vibrant South Mumbai neighborhood, it promises contemporary elegance, thoughtful design, and enviable connectivity.

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BMC to resume concretisation of 574 Mumbai roads from October 1 as monsoon ends

The Brihanmumbai Municipal Corporation (BMC) will restart work on 574 partially completed roads from October 1, prioritising stretches in South Mumbai, Bandra, Santacruz, Kandivli, Charkop, Khetwadi, and Tejpal Road in D Ward. The civic body will also review 776 proposed roads under tender evaluation. Nearly 25 roads have been removed from plans due to narrow widths or local opposition, with some resurfaced in asphalt. A public dashboard will provide zonewise and wardwise progress, ongoing updates, and expected timelines. The mega concretisation programme spans 2,121 roads across two phases, covering around 609 kilometres.Read more

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Metro Line 2B Mandale-Diamond Garden stretch set for CMRS clearance

Final safety checks have begun on the first phase of Mumbai Metro Line 2B, with the Commissioner of Metro Railway Safety inspecting a 5.39 km stretch from Mandale to Diamond Garden. Covering five stations-Mandale, Mankhurd, BSNL, Shivaji Chowk, and Diamond Garden-the review will clear the way for passenger operations by late September, subject to compliance. Trial runs have already been completed, and the depot is ready for operations. The remaining 18.2 km stretch up to D N Nagar is 88% complete, with operations expected in early 2026. Once fully functional, the 23.6 km Yellow Line will serve 20 stations and carry over one million passengers daily.Read more

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Navi Mumbai civic body intensifies demolition drive in Ghansoli and Koparkhairane

The Navi Mumbai Municipal Corporation (NMMC) recently carried out anti-encroachment operations in Ghansoli and Koparkhairane after property owners and developers failed to comply with issued notices. Under the directives of senior civic officials, unauthorised structures were demolished with the assistance of machinery, labourers and police deployment. The action followed repeated violations where developers had continued construction without mandatory approvals despite warnings from the civic body.Read more

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Godrej Group drafts masterplan for 1,000-acre Vikhroli land in Mumbai

The Godrej Enterprise Group (GEG), among Mumbai's largest private landholders, has initiated a master planning exercise for its 1,000-acre parcel in Vikhroli. Executive director Nyrika Holkar stated that while some manufacturing activities had shifted out of the site, operations would continue at Vikhroli alongside long-term systematic development. The land, largely controlled by the Jamshyd Godrej and Smita Crishna branch of the family, also accommodates Godrej & Boyce businesses, leased IT offices, and environmentally sensitive mangroves.Read more

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