Mumbai's housing sector is witnessing significant transformation through society redevelopment, with over 44,000 new homes expected to come up by 2030, valued at around INR 1.3 lakh crore, according to Knight Frank India. Since 2020, 910 housing societies have signed development agreements, unlocking more than 326 acres of potential land. Western suburbs are projected to account for the majority of these additions, while South Mumbai will see modest growth. With nearly 1.6 lakh societies eligible for redevelopment, and state revenues from free-sale units and GST projected at over INR 13,000 crore combined, redevelopment is proving to be a major driver of urban renewal.Read more

The Mumbai Railway Vikas Corporation (MRVC) has issued an e-tender worth INR 21,000 crore for procuring and maintaining 2,856 air-conditioned Vande Metro suburban coaches over 35 years. This initiative is a part of the Mumbai Urban Transport Project (MUTP) Phases 3 and 3A, aims to modernize the city's suburban railway network and reduce overcrowding. The new coaches will operate in 12-, 15-, and 18-car formations, with maintenance depots at Bhivpuri on the Central Railway line and Vangaon on the Western Railway line. Global bids are scheduled to open in December 2025, with the first prototype expected within two years of contract award.Read more

The Siddhivinayak Temple Trust in Mumbai has planned an expansion by acquiring Ram Mansion, a residential building near the temple, for INR 100 crore. Talks are also ongoing with the Siddhivinayak Cooperative Housing Society to buy its land. Together, both plots measure about 1,800 sqm and will allow the trust to build a darshan queue complex, a food hall, toilets, changing rooms, and staff housing. The move aims to improve facilities for devotees, as the temple currently struggles to manage large crowds during peak days.Read more

The Maharashtra cabinet has cleared BEST's plan to seek INR 3,400 crore from the Centre to modernize and strengthen Mumbai's electricity network. The proposal, valued at INR 3,346.29 crore, will be submitted through Power Finance Corporation under the Reforms-Based and Results-Linked Revamped Distribution Sector Scheme. The project aims to cut Aggregate Technical & Commercial (AT&C) losses, bridge the ACS-ARR gap, and deliver 24x7 affordable power. Earlier approvals in 2022 had sanctioned INR 1,649 crore for prepaid smart metering and loss-reduction works, now underway. The new funding is expected to boost operational efficiency, financial sustainability, and reliable electricity access for Mumbai consumers.Read more

Kartik Aaryan has entered the land market with his first purchase a 2,000-square-foot plot in Alibaug priced at INR 2 crore. The plot is located within the Chateau de Alibaug project by HoABL, which has already attracted high-profile buyers including Amitabh Bachchan and Kriti Sanon. The project offers premium amenities such as clubhouses, rooftop gardens, and duplex layouts with private pools. Aaryan shared that he plans to build his own home there, while the developer noted his entry highlights the growing demand for luxury land ownership in Alibaug, supported by better infrastructure links to Mumbai.Read more

The Maharashtra cabinet, led by Chief Minister Shri Devendra Fadnavis, approved an extensive set of infrastructure, welfare and policy measures in its recent meeting. Key clearances included new metro corridors across Mumbai, Pune and Nagpur, suburban rail expansion, and the creation of an international business hub in Nagpur. Major investments were also sanctioned for roads, rail corridors, and the Bombay High Court complex. Additionally, decisions on enhanced financial aid for disabled beneficiaries, revised energy policies and new tribal education schemes were finalised.Read more

The Bombay High Court has permitted the Maharashtra government to begin urgent repairs on the 26-kilometre Chinchoti-Kaman-Anjur-Mankoli road that connects Thane and Palghar to Bhiwandi's warehousing hub. The road's condition had worsened severely, causing accidents and traffic disruptions, while arbitration with the toll operator remained unresolved. Technical reports showed only a fraction of the required work had been completed. Growing protests from local groups and commuters added to the pressure, leading the court to allow the state to intervene and carry out repairs until a long-term solution is finalised.Read more

The Bombay High Court has directed residents of Motilal Nehru Nagar CHS, an SRA project in Bandra-Kurla Complex, to undo unauthorised alterations within four weeks. The order follows an SRA notice flagging violations such as extra floors inside flats and conversion of common areas into kitchens, banquet halls, and party spaces. The court stressed that no authority can regularise such illegal construction, citing a 2024 Supreme Court ruling that declared such acts "incurable illegality." While residents' counsel assured cooperation, judges warned of immediate enforcement if compliance is delayed. The ruling reinforces strict adherence to SRA housing rules and curbs commercial misuse.Read more

The Bombay High Court has directed 11 dissenting residents of the Deepanjali and Pushpanjali Cooperative Housing Societies in Vasai (West) to vacate their structurally unsafe homes within 15 days, enabling demolition and redevelopment. The Vasai Virar Municipal Corporation had already classified the four buildings as dangerous, a finding confirmed by a technical committee. Of the 113 residents, most supported redevelopment, but a small group objected. The court ruled they may pursue their objections legally but cannot stall demolition, adding that police assistance may be sought if evacuation is resisted.Read more

Mumbai's property market recorded 11,230 registrations in August 2025, down 3% year-on-year and 11% from July, reflecting a modest seasonal slowdown. Residential sales dominated with 80% of registrations, and smaller homes under 1,000 sq ft accounted for 85% of transactions. Properties priced below INR 1 crore gained traction, rising to 48% of sales from 44% last year, while mid-segment units (INR 2-5 crore) dipped slightly and luxury homes held steady at 6%. Stamp duty collections stood at INR 1,000 crore, 6% lower than August 2024. Still, January-August saw nearly 100,000 registrations and INR 8,854 crore revenue, up 11% year-on-year, showing sustained buyer confidence.Read more

Arkade Developers Ltd has acquired a 14,364 sq metre land parcel in Bhandup (West) for INR 148 crore by taking full ownership of Woollen and Textile Industries Ltd. The company has successfully completed 31 projects covering 5 million square feet and is developing another 2 million square feet. This acquisition strengthens Arkade's presence in the Mumbai Metropolitan Region and aligns with its strategy of expanding its development portfolio in key urban locations. Known for its focus on residential and commercial projects, the company continues to consolidate its position among India's leading real estate developers.Read more

Shah Rukh Khan has rented two duplex apartments in Mumbai's Pali Hill while his residence, Mannat, undergoes renovation. The lease, signed with the Bhagnani family, is valued at INR 8.67 crore over three years and provides him about 10,500 sq ft of space. Around the same time, Kriti Sanon purchased a duplex penthouse in the Supreme Prana project in the same neighbourhood. Her apartment, spread across the top two floors, is priced at INR 78.2 crore and comes with six parking spots. The article also outlines the differences between duplex and standalone apartments.Read more

Puravankara, through its subsidiary, has obtained redevelopment rights for a housing society in Malabar Hill, one of South Mumbai's prime neighbourhoods. The society spans 1.43 acres and offers a development potential of about 0.7 million sq ft. The project carries a gross development value (GDV) of INR 2,700 crore. This acquisition comes shortly after the company's Chembur redevelopment win and builds on its earlier Breach Candy project. Together, these developments increase Puravankara's Mumbai portfolio to 4.25 million sq ft with an overall GDV potential of INR 10,500 crore.Read more

The Supreme Court has upheld the Bombay High Court's interim order declining to stay the termination of a lease over 150 acres of salt-pan land in Mulund, Bhandup and Kanjurmarg, part of a 782-acre holding in Mumbai. The decision rested on the observation that the land had not been used for salt production since 1995, making continuation inequitable to the Centre. While protecting the leaseholder's rights over the remaining 632 acres subject to ground rent and fees, the Supreme Court left the merits for the High Court to examine.Read more