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

BMC proposes demolition of 129-year-old fort building housing iconic Jimmy Boy Eatery

The BMC has proposed to demolish the 129-year-old Vikas Premises Cooperative society building in Fort, Mumbai, citing its dangerous condition. The structure houses the iconic Jimmy Boy restaurant. Residents, however, oppose the demolition, hoping for restoration. This comes after the Bombay High Court dismissed a resident petition in late 2023, prioritizing public safety. All 37 society members have vacated. While the BMC proceeds to appoint a contractor for demolition, the restaurant owner maintains that other avenues are being explored, highlighting the complexity of heritage building redevelopments.Read more

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BMC ramps up drive to collect household hazardous waste across Mumbai

Mumbai's domestic hazardous waste collection initiative has seen nearly 2,000 establishments register, including housing societies and beauty parlours, covering about 4.5 lakh citizens. The Brihanmumbai Municipal Corporation (BMC) transports an average of 1.7 tonnes of waste daily to six plasma incineration facilities. This initiative aims for safe disposal of items like diapers and medicines, which can contaminate other waste. Despite generating 80-100 tonnes daily, the current collection is a fraction. The BMC plans more efforts to boost participation and manage all waste categories.Read more

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BMC considers dome-like indoor event space near Mahalaxmi racecourse stables

The BMC is considering developing a dedicated indoor event space near the Mahalaxmi Racecourse stables in Mumbai, encouraged by a INR 7.5 crore revenue boost from recent events. The proposed 15-acre facility would host cultural and corporate events, especially during monsoons. This initiative follows BMC taking possession of 120.1 acres of the 212.7-acre racecourse plot last year. Officials also discussed mapping underground utilities and coordinating a pedestrian tunnel to the Metro 3 station, ensuring development without disrupting horse racing.Read more

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Sea-facing Piramal Mahalaxmi homes fetch INR 100 crore in single-buyer deal

Piramal Realty has finalised a high-value deal exceeding INR 100 crore, involving the sale of a premium penthouse and two duplex apartments at its flagship Piramal Mahalaxmi project in Mumbai. The buyer, whose identity has not been revealed, acquired over 13,000 sq ft of carpet area located on the topmost floors, offering panoramic views of the Mahalaxmi Racecourse and the Arabian Sea. This transaction highlights the continued appetite for ultra-luxury homes in the Mumbai Metropolitan Region (MMR).Read more

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Jaydeep Mark

Mumbai City, India

Jaydeep Mark in Mulund East, Mumbai, offers luxurious 2 and 3 BHK homes with deck areas, featuring modern amenities like power backup and kids' play areas. Strategically located next to Sambaji Garden and near Eastern Express Highway, it ensures seamless connectivity and an elevated lifestyle.

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BMC receives three bids to clear 185 lakh tonnes of waste at Deonar site

Three companies; Navayuga Engineering, Re Sustainability, and H G Infra Engineering, have bid for the BMC's INR 2,368 crore tender for bioremediation work at the Deonar dumpsite in Mumbai. The project aims to clear 185 lakh tonnes of waste and reclaim 110 hectares of land. The cleared land is designated for housing under the Dharavi Redevelopment Project. All bidders have previous associations with the Adani Group. The final financial bid is scheduled to open on July 11, marking a step in Mumbai's waste management and urban development efforts.Read more

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NMMC demolishes illegal construction in Airoli after owner defies notice

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive against an unauthorised structure in Airoli under the directives of Municipal Commissioner Dr Kailas Shinde. Despite having received a legal notice under the MRTP Act, the property owner, Vasant Sathe, failed to remove the unauthorised construction, prompting officials to partially demolish it. The operation, supervised by Assistant Commissioner Sunil Kathole, also targeted illegal stalls encroaching on the footpath at Diva Gaon Circle. The NMMC has confirmed that such anti-encroachment actions will intensify in the coming period.Read more

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MMRDA forms committee to tackle crowding on Mumbai Metro 1 line

The Mumbai Metropolitan Region Development Authority (MMRDA) has formed a committee to address overcrowding on Metro 1 (Versova-Andheri-Ghatkopar line). This action follows a recent technical failure that caused excessive crowding. The committee, led by former chief secretary Johny Joseph, will review service disruptions and evaluate solutions. The Metro 1 operator, MMOPL, plans to deploy standby rakes, upgrade four-coach trains to six, and reconsider mixed-loop services to improve commuter experience. Metro 1, operational since July 2014, currently carries 500,000 daily passengers.Read more

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Displaced fish vendors to move into new Crawford Market building in August

Fish vendors from Chhatrapati Shivaji Maharaj Market in Fort, Mumbai who were displaced four years ago due to an unsafe building, are set to be rehabilitated next month at the redeveloped Mahatma Jyotiba Phule market (Crawford Market). The new facility, with two basements and three upper floors, will offer dedicated sections for wholesale and retail fish, parking for 84 vehicles, and modern amenities like cold storage and effluent treatment plants. This move follows BMC's 2021 evacuation order and responds to demands for rehabilitation in the same vicinity, confirming plans for the previously earmarked site amidst its recent leasing.Read more

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Mumbai SRA begins month-long drive to regularize ownership in stalled slum projects

Mumbai's Slum Rehabilitation Authority (SRA) has launched a month-long campaign to regularize ownership in stalled slum redevelopment projects. This initiative, part of a Maharashtra government amnesty scheme, aims to update Annexure-2 lists with buyers' names for eligibility. The drive addresses delays and legal disputes from unregistered ownership transfers. Ten camps have been set up for residents to submit documents. Buyers of slum buildings before January 1, 2011, are eligible. The campaign seeks to expedite projects and prevent future controversies.Read more

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Malad becomes first in Mumbai to convert PTC housing into permanent homes for road PAPs

Slum dwellers in Malad, Mumbai, have been relocated to Permanent Transit Camp (PTC) homes to make way for completing a crucial 550-meter road link from Shankar Lane to New Link Road. This marks the first time PTC homes-originally meant for temporary housing-are being used for permanent resettlement under a 2024 Maharashtra government resolution. Of 357 affected structures, 110 have been demolished, with 64 more to follow after residents received new home keys. The full project will ease traffic between Malvani and the Western Express Highway. Phase 3 and further resettlements are expected soon, with road alignment adjustments planned near Valnai metro station.Read more

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Swastik Iris Bhandup

Mumbai City, India

Swastik Iris Bhandup in Bhandup West, Mumbai, offers luxurious 1, 2, and 3 BHK apartments with modern amenities like a gymnasium and kids' play areas. Strategically located near Eastern Express Highway and LBS Marg, it ensures seamless connectivity and a comfortable lifestyle.

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Mumbai Redevelopment: MHADA signs Adani Group to redevelop Motilal Nagar in Goregaon

The ambitious redevelopment of Motilal Nagar 1, 2, and 3 in Goregaon (West), Mumbai, received a major push with MHADA signing an agreement with the Adani Group to act as the Construction and Development (C&D) agency for the project. Spread across 142 acres, the initiative is billed as India's largest redevelopment project under the C&D model. Residents will be rehabilitated in ultra-modern 1,600 sq. ft. apartments, while commercial tenants will receive 987 sq. ft. spaces. Designed around the "15-minute city" concept, the project is set to offer seamless urban living with world-class infrastructure.Read more

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Newly built Sindoor flyover in South Mumbai ready to open, replacing 150-year-old Carnac Bridge

The Sindoor flyover in South Mumbai, earlier known as the Carnac bridge, is set to open to the public following its scheduled inauguration by Maharashtra Chief Minister Shri Devendra Fadnavis. Developed by the BMC, the bridge spans 328 metres and facilitates two-way traffic between East and West South Mumbai near Masjid Bunder. Constructed within a strict timeline after the dismantling of the old Carnac bridge in August 2022 due to safety concerns, the new flyover integrates complex civil engineering features, including dual 550-metric-ton steel girders and RCC piers, and has secured all required safety and structural approvals.Read more

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Dotom Jewel

Mumbai City, India

Dotom Jewel in Ghatkopar East, Mumbai, offers luxurious high and low-rise flats with modern amenities like a gymnasium and power backup. Strategically located near Eastern Express Highway and LBS Marg, it ensures seamless connectivity and a premium lifestyle.

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Puravankara wins bid to redevelop eight residential societies in Chembur, Mumbai

Puravankara Limited has won the bid to redevelop eight residential societies in Chembur, Mumbai. This project covers about 4 acres with over 1.2 million sq ft of development potential and an estimated Gross Development Value (GDV) of INR 2,100 crore. The move expands Puravankara's presence in Mumbai's redevelopment sector, which now includes 3.6 million sq ft of projects across 11 sites in Mumbai and Pune. The company aims for a GDV of INR 18,000 crore from the western region, with INR 7,700 crore from redevelopment alone.Read more

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Vaswani Avania

Mumbai City, India

Vaswani Avania in Bandra West, Mumbai, offers luxurious 2, 3, and 4 BHK apartments with premium amenities like a gymnasium and infinity pool. Strategically located near Bandra-Worli Sea Link and Western Express Highway, it ensures seamless connectivity and an upscale coastal lifestyle.

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No fire NOC, no occupancy: HC flags safety lapses in Mumbai high-rises

The Bombay High Court has demanded that the BMC clarify its plans for buildings in Mumbai that lack a fire No-Objection Certificate (NOC). During a recent hearing, the court questioned if the BMC's inaction implies approval of unsafe conditions, citing the 34-storey Wellingdon View building in Tardeo as an example. This building has 50 of 62 flats occupied since 2008 with only a partial occupation certificate and no fire NOC. The court emphasizes that the absence of a fire NOC cannot be regularized and will not permit any illegality, setting a precedent for fire safety enforcement across Mumbai's high-rises.Read more

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Mumbai raises rent aid to INR 30,000 for tenants in cessed buildings awaiting redevelopment

The Mumbai government has increased the monthly rent allowance for tenants of dilapidated cessed buildings to INR 30,000 during reconstruction, up from INR 20,000. This measure aims to better support tenants requiring alternate housing while their properties are redeveloped. Additionally, the government pledged to revoke NoCs for developers who have not commenced redevelopment projects under DCR 33(7) within three years. These steps highlight efforts to both financially assist residents and accelerate stalled urban renewal initiatives in Mumbai.Read more

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