Mr Aditya N Shah, Director, Mayfair Housing

Mumbai, the country's financial capital and most populous city, is preparing for large-scale redevelopment to address ageing infrastructure and rising population demands. With predictions of increasing urban GDP contribution and growing need for office and housing space, cluster redevelopment under DCPR 2034 has been positioned as the solution. By incentivising developers with higher FSI and focusing on sustainability, the city aims to modernise neighbourhoods while ensuring inclusivity, affordable housing, and long-term urban resilience.Read more

PVR INOX, India's largest cinema exhibition company, has signed a 15-year lease for a 10-screen megaplex at the new Sky City Mall in Borivali, Mumbai. The company will pay a monthly rent of INR 91.42 lakh or a 20% share of its revenue, whichever is higher, and has paid a security deposit of INR 10.97 crore. The megaplex, which is part of a larger mixed-use development by Oberoi Realty, aims to reinforce Mumbai's position as a cornerstone market for the company and create a "lifestyle-centric experience" for modern audiences.Read more

In one of Mumbai's latest high-value real estate transactions, Mr. Pradeep Gupta, the Co-founder & Vice-Chairman of Anand Rathi Wealth, and his wife have purchased a luxury apartment in the prestigious 'Three Sixty West' project in Worli for INR 131 crore. The deal, which was registered on August 20, 2025, reflects the soaring demand for ultra-premium properties in the city. The apartment, located on the 55th floor, is part of a mixed-use project developed by Oberoi Realty and also houses The Ritz-Carlton Hotel, solidifying Worli's status as a key destination for Mumbai's affluent.Read more

The Navi Mumbai Municipal Corporation (NMMC) recently carried out demolition drives in Airoli and Koparkhairane against unauthorized constructions that continued despite prior notices. Acting under the Maharashtra Regional and Town Planning Act, 1966, the Encroachment Department removed illegal structures, imposed fines, and deployed manpower and equipment for the operations. The drives were conducted under the supervision of senior officials, with support from the local police. Authorities indicated that such anti-encroachment actions will continue more strictly going forward.Read more

The Navi Mumbai Municipal Corporation's Environmental Laboratory, certified under ISO 9001:2015, has introduced a new digital monitoring system for water quality testing. The 'e-System Water Sample Inspection Report and Monitoring System' (WQMS) was launched by Municipal Commissioner Dr. Kailash Shinde earlier this week. The laboratory already tests drinking water, wastewater, and private samples, and with this system the entire process from collection to reporting has become digital and transparent. The Commissioner also advised seeking NABL accreditation and expanding testing to cover food vendors. The system improves accuracy, tracking, and accessibility of water-quality data for both officials and citizens.Read more

In a high-value real estate transaction, Heena Lalwani, a promoter of Aatman Innovations Private Limited, has purchased a luxury apartment in Juhu, Mumbai, for INR 113.42 crore. The 9,862 sq. ft. property, located in the prestigious Avalon Tower by Lodha Developers, was registered on August 18, 2025. This deal, along with a similar high-ticket purchase in the same building earlier this year, highlights the continued demand for luxury properties in Mumbai's prime localities.Read more

Navi Mumbai Municipal Corporation (NMMC), in collaboration with Project Mumbai, launched a large-scale plastic collection and recycling initiative during Independence Day celebrations. The drive, held under the theme 'Every Home - Plastic Free', received strong participation from schools, housing societies, and offices. A total of 141 kg of plastic was collected from 14 centers, which will be recycled into usable public items. The initiative also introduced a weekly plastic and e-waste collection program, aiming to build long-term habits of responsible disposal and reduce landfill waste in the city.Read more

The National Real Estate Development Council (NAREDCO) Maharashtra has postponed its annual real estate event, "The Real Estate Forum 2025," due to a severe spell of heavy rainfall and subsequent waterlogging in Mumbai. The event was originally scheduled for August 20. The decision was made in response to an advisory from the India Meteorological Department (IMD) and was taken to ensure the safety and convenience of attendees. The heavy rains, which dropped over 300 millimeters in Mumbai in a single day, caused widespread disruptions, including flight delays and traffic gridlock. A new date for the event has not yet been announced.Read more

CIDCO is advancing plans for a 667-acre Aerocity near the soon-to-open Navi Mumbai International Airport, expected to begin operations in September under Adani Group. Bids have been invited to appoint a master planner and transaction advisor for the project, which will allocate 123 acres each for residential, commercial, and retail zones, alongside offices, warehouses, hotels, hospitals, and entertainment spaces. Strategically connected to the Mumbai Trans Harbour Link, Navi Mumbai Metro, and suburban rail, the Aerocity aims to offer Mumbai a rare, fully planned urban hub. Rising property demand, particularly from aviation professionals, signals strong interest ahead of the airport's launch.Read more

Mumbai's Slum Rehabilitation Authority (SRA) has set a target of building 500,000 new homes for slum dwellers in the next five years, aiming to double what it achieved in nearly three decades since 1996. The authority has already accelerated delivery with more than 16,000 homes completed in just 100 days and close to 17,000 in the past year. New measures such as drone surveys, biometric verification, and stronger laws against defaulting developers are driving this shift. By restarting stalled projects and enforcing overdue rent recovery, SRA is moving faster than ever before.Read more

Dow Chemicals has leased 2.56 lakh sq ft at Mindspace SEZ in Airoli, spanning five floors for a 10-year term at INR 1.64 crore monthly rent (INR 64 per sq ft). The deal includes 5% annual escalation, a security deposit of INR 14.77 crore, and a fit-out deposit of INR 82.09 crore refundable in installments, alongside a fixed fit-out rent of INR 29.45 per sq ft. The move highlights strong multinational demand for premium offices in Greater Mumbai. Mindspace REIT recently reported 1.7 million sq ft of leasing across major cities, driven by GCCs, BFSI, and tech firms, underscoring India's robust office market momentum.Read more

Bollywood actress Kriti Sanon has purchased a luxurious duplex penthouse in Supreme Prana, an under-construction tower in Mumbai's Pali Hill, Bandra West, for over INR 78.20 crore. Spanning 6,636 sq ft across the 14th and 15th floors, the sea-facing home also includes a 1,209 sq ft terrace and six car parking slots. Registered jointly with her mother, the deal involved INR 3.91 crore in stamp duty, benefiting from a 1% concession for women buyers, with the total cost exceeding INR 84.16 crore after charges. Sanon, who also owns land in Alibaug, joins a growing trend of Bollywood stars investing in prime real estate.Read more

Navi Mumbai Municipal Corporation (NMMC) has introduced an innovative initiative by becoming the first civic body in India to provide property identity cards to citizens. The move, launched under the guidance of Municipal Commissioner Dr Kailas Shinde, aims to simplify property-related transactions and enhance transparency. Around 3.5 lakh property owners across the city will benefit, gaining access to property details such as ownership, tax records, and size in a single, card-based format equipped with QR code features for digital use.Read more