MMRDA has taken over 174.01 hectares in Mogarpada, Thane, to build Mumbai's largest integrated metro car depot, supporting Metro Lines 4, 4A, 10, and 11. Backed by CM Shri Devendra Fadnavis and Deputy CM Shri Eknath Shinde, the INR 905 crore project will house 64 stabling lines, 10 workshop lines, and advanced facilities like automated wash systems and training centres. Construction, led by SEW-VSE JV, is now underway. A unique farmer-first rehabilitation model offers developed land plots to leaseholders and encroachers. Once operational, the depot will boost metro efficiency, cut travel time by 50%, and serve 1.2 million passengers daily, transforming connectivity across Eastern Suburbs and Thane.Read more

Navi Mumbai Municipal Corporation (NMMC) recently demolished two unauthorised properties in Bonkode village, Koparkhairane, under orders from Municipal Commissioner Dr Kailas Shinde. The action, led by senior officials and executed by the encroachment team, targeted homes belonging to Nishant and Sushant Naik, both cited under Section 54 of the Maharashtra Regional and Town Planning Act. After failing to comply with earlier notices, the owners were fined INR 20,000 each. A full demolition squad used hammers, cutters, and municipal support staff to dismantle the structures. NMMC confirmed more such operations will follow to enforce urban planning norms and deter illegal construction.Read more

Hrithik Roshan and his father Rakesh Roshan recently sold three residential properties in Mumbai for a total of INR 6.75 crore. Rakesh sold two flats one in Veejays Niwas CHS for INR 3.75 crore and another in Raheja Classique for INR 2.2 crore while Hrithik sold a smaller unit in the same Raheja complex for INR 0.8 crore. All three transactions were registered in the past week. This move is part of a broader trend of celebrities actively managing their real estate assets, shifting from residential holdings towards income-generating commercial spaces.Read more

The Brihanmumbai Municipal Corporation (BMC) has approved construction of two new arms to connect the Ghatkopar-Mankhurd Link Road (GMLR) flyover directly to the Sion-Panvel Highway. Estimated at INR 1,051 crore, the project aims to ease traffic congestion at the busy Maharashtra Nagar T-junction. Currently, the GMLR flyover lacks a direct link to the highway, forcing vehicles through bottlenecks. The new flyover arms-measuring 1.47 km and 1.93 km-will bypass this signal, offering seamless access. The extensions, standing 8.5 metres high and 620 metres long, will begin construction soon following land acquisition and approvals from the Coastal Zone Management Authority and Mangroves Department. The alignment also considers proximity to metro lines and nearby airports. An earlier plan for a third arm via the Harbour line remains stalled due to pending clearances from Central Railway.Read more

Kamathipura, one of Mumbai's oldest and most historically rich neighbourhoods, is set for a major transformation. MHADA has opened bids for redeveloping this 34-acre area under a cluster redevelopment plan. Once Asia's largest red-light district, Kamathipura was originally a settlement for construction workers during British rule. Now home to over 8,000 homes and shops, the project will replace 900+ ageing buildings and create 4,500 new housing units. Over 44,000 square meters is also being reserved for public amenities. This project joins other large-scale makeovers across the city, including Dharavi, Bhendi Bazaar, and BDD Chawls, all aiming to modernise Mumbai's ageing infrastructure.Read more

After years of uncertainty, the Mumbai Hockey Association (MHA) has secured a renewed lease for its Churchgate stadium, valid till 2046. This move marks a revival for Mumbai's hockey scene, which had been struggling amid governance changes. Though the lease was originally signed in 2017, confusion arose when the Maharashtra government briefly cancelled it over unmet development promises. The new agreement restores MHA's control, which had been diminished after Hockey India's one-state-one-association policy sidelined the body. With the lease now confirmed, MHA plans to restart tournaments and add a dedicated practice ground-opening new opportunities for budding hockey players in the city.Read more

Ashwin Sheth Group has acquired a 50% stake in the luxury 'One Marina' redevelopment project on Marine Drive, South Mumbai, and secured INR 540 crore funding from Singapore-based PAG to support its development. The 10 lakh sq. ft. project is expected to generate INR 2,300 crore in revenue upon completion. The stake was acquired from Vallabh Sheth and Jitendra Sheth, former joint stakeholders along with landowner YM Infra. PAG's USD 65 million investment will be used for project construction. Ashwin Sheth Group aims to position One Marina as a prestigious address in South Mumbai. The collaboration reflects confidence in premium redevelopment ventures and aligns with the group's strategy to revitalise legacy assets. With over 38 million sq. ft. delivered and 7 million sq. ft. under development, Ashwin Sheth Group continues to expand its footprint in India's luxury housing segment.Read more

The Enforcement Directorate (ED) has seized assets worth INR 33.89 crore from Mumbai-based Sai Group under the Prevention of Money Laundering Act. The action stems from an investigation into alleged misuse of funds earmarked for redevelopment projects in D N Nagar, Andheri, Kandivali, and Goregaon. Properties seized include agricultural land, residential flats, shops, and a bungalow in Mumbai and Ahmednagar. Promoters Jayesh and Deep Tanna face charges of cheating, forgery, and criminal breach of trust, with losses to homebuyers estimated at INR 85.75 crore. ED raids across nine locations uncovered shell firms, suspected benami assets, and potential international links. Jayesh Tanna remains in judicial custody. The case echoes past high-profile redevelopment scams like Patra Chawl and Adarsh Society, underscoring systemic issues in Mumbai's real estate sector.Read more

The Navi Mumbai Municipal Corporation (NMMC) has introduced a WhatsApp chatbot service, enhancing its digital initiatives to simplify civic interactions. Under the guidance of Municipal Commissioner Dr Kailas Shinde, this tech-driven facility allows residents to access property tax and water bill information, and make payments directly via WhatsApp. Citizens can initiate the service by sending 'Hi' to the official chatbot number 8291920504. This innovation complements existing digital platforms such as the NMMC website and My NMMC app, along with payment modes like UPI, credit/debit cards, and mobile wallets.Read more

Tribeca Developers has launched Trilive, a built-for-rent studio apartment project in Marol, Andheri, aimed at India's growing population of millennial professionals seeking premium rental housing. Despite strong demand, studio apartments form less than 0.5% of India's housing stock. Trilive addresses this gap by offering 650 tech-enabled, fully serviced units with modern amenities like rooftop lounges, co-working spaces, and private balconies. The project is managed by Housr, which operates over 75 properties across five cities, and promises investors a rental yield of over 6% with a nine-year leaseback. This marks one of India's largest managed rental housing ventures and reflects a strategic collaboration between Tribeca, Housr, and Starwing Group. With future plans to scale up to 8,000 beds across cities, Trilive combines premium urban living with hassle-free ownership-presenting a new standard in India's rental housing landscape.Read more

The Dharavi Redevelopment Project (DRP), backed by a joint venture between the Maharashtra government and the Adani Group, is prioritising inclusive rehabilitation under the theme of "housing for all". DRP CEO SRV Srinivas emphasised that the plan would not only ensure housing for eligible and ineligible residents but would also revitalise Dharavi into a potential SME hub. With a rehabilitation budget of INR 97,500 crore, the plan aims to create equitable access to homes, amenities, and livelihoods, ensuring sustainable community growth and resisting ghettoisation.Read more

In a significant development, the Bombay High Court instructed the Mumbai Metropolitan Region Development Authority (MMRDA) to deposit an arbitration award of INR 1,169 crore with the court registry amid an ongoing legal battle with Mumbai Metro One Pvt Ltd (MMOPL), a subsidiary of Reliance Infrastructure. This order followed MMRDA's appeal challenging earlier arbitral rulings over cost disputes linked to Mumbai's first metro line. The court made it clear that any stay on the award would only be considered after the deposit, reinforcing the seriousness of arbitration enforcement in India.Read more

Veteran Bollywood actor Jeetendra Kapoor's family-owned firms, Pantheon Buildcon Pvt Ltd and Tusshar Infra Developers Pvt Ltd, concluded a landmark real estate deal involving two adjacent land parcels and built-up assets in Mumbai's Andheri area. The property, spanning nearly 9,665 square metres and including Balaji IT Park's three buildings, was acquired by NTT Global Data Centers & Cloud Infrastructure India Pvt Ltd for INR 855 crore. The transaction was formally registered recently, with stamp duty and registration charges duly settled, marking a significant move in Mumbai's commercial real estate and data centre sectors.Read more

Shaula Real Estates, a private firm where Tanya Dubash-daughter of Godrej Industries Chairman Adi Godrej-is a director, has acquired a lavish duplex apartment in Mumbai's Worli locality for nearly INR 226 crore. The purchase was part of the Naman Xana project, an upscale under-construction residential development. The deal, executed in May, stands out as one of the most expensive primary transactions this year, with the per sq ft value on the carpet area reaching approximately INR 2.45 lakh. The move reflects continued investor confidence in Mumbai's high-end residential market.Read more