The Maharashtra Housing and Area Development Authority (MHADA) has partnered with Keystone Realtors for the redevelopment of Sindhi refugees housing in Sion Koliwada, Mumbai. This project targets over 1,200 families. The colony, covering 11.20 acres, housed buildings demolished in 2020 due to being unsafe. Each eligible family will receive a free 635 sq ft apartment, along with INR 20,000 monthly rent during construction and five years of maintenance. Executed under DCPR Regulation 33(9), this marks MHADA's first private land redevelopment through an appointed agency.Read more

Actor-director Aatish Kapadia and his wife Alison Kapadia have purchased a 3,030 sq ft luxury apartment in Goregaon, Mumbai, for INR 15.31 crore. The transaction was registered on June 25, with INR 91.86 lakh stamp duty paid. Located in Oberoi Realty's Elysian, the apartment includes three parking spaces. This acquisition highlights Goregaon's appeal as a well-connected hub for professionals and creatives. Other transactions in the same project totaled INR 1,035 crore in sales over the last year, reflecting strong demand in Mumbai's luxury real estate market.Read more

The Bombay High Court has dismissed petitions challenging the conversion of Mumbai's historic Mayor's Bungalow into a memorial for late leader Bal Thackeray. The bench ruled that the decision is a government policy matter and found no legal basis to interfere. Petitioners had raised concerns over heritage protection, environmental rules, and the composition of the public trust overseeing the memorial. The court noted the bungalow's heritage structure remains intact and restored, and construction is nearly complete. With all legal procedures followed, and the land reclassified from green to residential, the court upheld the INR 1 lease and cleared the path for the memorial's completion.Read more

Adani Properties has received National Company Law Tribunal (NCLT) approval to acquire two major assets of the defunct real estate developer, Housing Development and Infrastructure Ltd (HDIL). The assets include 'Inspire BKC,' a commercial property in Mumbai's Bandra-Kurla Complex, and a land parcel in Kalyan Shahad. Adani's resolution plan for Inspire BKC is INR 3 crore, while the Shahad land had a fair value of INR 89.66 crore. Industry experts estimate the combined value of these assets at over INR 2,000 crore. Adani was the sole bidder for these properties under the insolvency process, which HDIL has been undergoing since 2019 with over INR 7,789 crore in liabilities.Read more

Mumbai's redevelopment sector, a serious complaint has been filed against Sudhanshu Infrastructure and its representative Abhayjit Dubey for unauthorized construction and intimidation in the Aniraj Tower redevelopment project in Bhandup West. The Slum Rehabilitation Authority (SRA) accused the builder of illegally constructing a hall on the eighth floor, violating fire safety norms, and distributing commercial units without obtaining occupation certificates. The situation further escalated when a society member who flagged these violations was allegedly assaulted, leading to a second FIR. The case has revived concerns about regulatory lapses and resident safety in ongoing redevelopment schemes.Read more

The Dharavi Redevelopment Project (DRP) has released its first eligibility list, identifying over 75% of tenement holders as eligible for new homes under the ambitious slum redevelopment initiative. The list covers 505 households in Mahim's Meghwadi and Ganesh Nagar, with 229 already cleared for resettlement and many others pending documentation or verification. Notably, the project offers inclusive rehabilitation to both residential and commercial units regardless of eligibility status and includes upper-floor residents, a first in Mumbai's redevelopment history. Residents have been invited to file objections or suggestions before the eligibility list is finalised.Read more

Mumbai's Coastal Road Project's north phase, connecting Versova to Bhayandar, has received crucial Stage 1 approval for mangrove forest diversion. The INR 20,000 crore project involves interchanges, elevated roads, and twin tunnels, with much of the area in the Coastal Regulation Zone. Approximately 8.24 hectares of mangrove forest and 9,000 trees will be affected. Mitigation includes planting over 1.37 lakh new mangroves and afforestation over 31 hectares. The BMC will now seek High Court approval to begin construction, aiming to reduce travel time significantly and ease traffic congestion in Mumbai.Read more

Keystone Realtors Ltd has secured a significant cluster redevelopment project in Andheri West, one of the city's most sought-after residential neighbourhoods. The developer has been appointed by eight housing societies for the redevelopment of a 4.75-acre parcel that currently houses 548 members. With development agreements already executed with five societies and Letters of Intent (LoIs) from the remaining three, the project is projected to create 10.6 lakh sq ft of saleable area, generating an estimated Gross Development Value (GDV) of INR 3,000 crore. This marks a major step in Keystone's strategy to strengthen its presence across high-potential suburban micro-markets in Mumbai.Read more

Mumbai recorded 11,521 property registrations in June 2025, a 1% dip from previous year, yet revenue from these registrations rose to 2% by INR 1,031 crore. For the first half of 2025, total property sales reached 75,982 units, a 5% increase, with revenue surging 15% to INR 6,727 crore, marking the strongest half-yearly performance since 2013. June saw a buyer shift towards properties above INR 5 crore, increasing to 6% of registrations. Apartments up to 1,000 sq ft continued to dominate, representing 84% of transactions. Western and Central Suburbs accounted for 88% of registrations, while South Mumbai's share decreased to 6%.Read more

Bollywood actor Randeep Hooda has acquired a 1,530 sq ft apartment in Versova, Andheri West, Mumbai, for INR 5.63 crore. The transaction was registered on June 10, 2025, with stamp duty of INR 33.78 lakh and a registration fee of INR 30,000 paid. This purchase is part of a trend of celebrity real estate investments in Mumbai's luxury market, with other public figures also recently acquiring properties in the dynamic Andheri West area.Read more

Following the partial collapse of a dilapidated building on Plot No. 59, Sector 26, Parsik Hill in CBD Belapur, Navi Mumbai Municipal Corporation (NMMC) conducted a full-scale demolition of the structure. The building, already categorised as C2-B during 2020-2021, had previously received structural audit notices in August 2024 and May 2025. Under the directives of the Municipal Commissioner and supervision of the Encroachment Department, demolition was executed using heavy machinery and a dedicated team of officials and labourers to eliminate risks to public safety.Read more

Over 70,000 housing units across 493 projects in the Mumbai Metropolitan Region are stalled due to a National Green Tribunal (NGT) directive requiring central environmental clearance for projects within 5 km of eco-sensitive zones. This change replaces previous state-level approvals and has caused major delays, especially in affordable and mid-income housing. Developers and homebuyers face financial stress, with construction paused in areas like Sanjay Gandhi National Park and Thane Bird Sanctuaries. A plea to allow work up to the plinth level was denied, citing NGT's August 2023 order. In Navi Mumbai, many government land projects are also stalled pending central clearance.Read more

Property registrations in Mumbai municipal limits recorded a slight decline for June, closing at approximately 11,600 units, as per data released by Knight Frank India. The final tally reached 11,586 registrations by 8:15 pm on June 30, slightly below the 11,673 units recorded in June 2024. The figures encompass transactions from both the primary and secondary markets, reflecting the overall residential activity within the Brihanmumbai Municipal Corporation (BMC) jurisdiction.Read more

A large-scale cleanliness campaign was undertaken in Navi Mumbai, spearheaded by Navi Mumbai Municipal Corporation (NMMC) in collaboration with the Dr Nanasaheb Dharmadhikari Foundation, involving over 3,500 citizens and volunteers. The initiative targeted the Sion-Panvel highway and five major railway stations-Belapur, Nerul, Juinagar, Sanpada, and Vashi. Supervised by NMMC Commissioner Dr Kailas Shinde and senior civic officials, the operation yielded 22 tonnes of waste, including plastic, paper, fabric, and overgrown vegetation. The campaign aligns with the national 'Swachh Bharat Mission' and was part of an early rollout under the upcoming 'Safai Apnao, Bimari Bhagao' drive.Read more

CREDAI-MCHI supported Design POV 2025, held at Jio World Convention Centre from June 27-29, joining conversations on design, innovation, and urban development. A key panel on June 27, moderated by Dr. Harshul Savla, explored breaking myths around affordable housing and design. Speakers highlighted that modern luxury is about natural light, ventilation, spatial comfort, and well-being, not just expensive finishes. They advised against maximizing FSI at the cost of quality and emphasized the role of sustainability and wellness features like rainwater harvesting and efficient ventilation. Panelists stressed using data tools to align with market needs and balancing affordability with thoughtful, community-focused design.Read more

MMRDA has cut the estimated cost of the planned Uttan-Virar sea link project from INR 87,427 crore to INR 52,652 crore, saving around INR 35,000 crore. The reduction comes after a redesign that changed lane configurations from 4+4 to 2+2 lanes and shifted from a twin-pillar to single-pillar structural design. The sea link portion was also shortened from 24.4 km to 19 km, while the project's total length remains 55.1 km. About 72% of the new cost will be financed through loans, with the rest via state equity. Deputy CM Eknath Shinde has asked MMRDA to speed up approvals and submit a detailed project report.Read more

MMRCL has partnered with India Retail Hub Private Limited (IRHPL) to set up branded retail outlets, restaurants, offices, lounges, and food zones at Kotak-BKC and CSMIA-T2 stations along the Metro 3 corridor. This move comes as daily ridership jumped 114%-from about 24,500 to over 52,600-after a new stretch opened in May. IRHPL, known for its work in airport retail, will bring global brands and in-house labels to 32,000 sq. ft. of space across 35 locations within the two stations. This strategy follows a global trend of integrating retail into transport hubs, boosting commuter convenience and generating extra revenue for metro operators.Read more