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

Bombay HC clears redevelopment of society despite member's objection

The Bombay High Court has upheld the decision to redevelop a housing society in Mumbai, dismissing an objection raised by a single member. The court ruled that decisions approved by the society's general body cannot be blocked by individual objections unless legal or procedural errors are proven. The case involved Sai Apartments Co-operative Housing Society, where a member sought to stop redevelopment citing CRZ concerns. However, the court noted that necessary approvals were secured and redevelopment decisions were democratically passed. This ruling reaffirms that cooperative housing societies can move forward with redevelopment plans approved by the majority of members.Read more

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Mumbai residents unite to save Powai Lake from neglect and pollution

A citizens' campaign has been launched to restore Mumbai's iconic Powai Lake, which is struggling with excessive hyacinth growth and pollution. The movement, led by activists, resident groups, and local leaders, aims to pressure civic authorities to take immediate action. The campaign comes after repeated complaints about the deteriorating condition of the lake, once a popular recreational and ecological landmark. With stagnant waters, reduced oxygen levels, and unchecked vegetation growth, Powai Lake is at risk of turning into an ecological dead zone. The initiative calls for immediate desilting, removal of hyacinths, and long-term preservation under BMC's environment department.Read more

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Mumbai: BMC demolishes 28 illegal structures in Malad linked to forged CTS maps

The Brihanmumbai Municipal Corporation (BMC) has demolished 28 illegal structures on 17 plots in Malad as part of a crackdown on unauthorised constructions built using forged City Title Survey (CTS) maps. The demolitions follow findings from a Special Investigation Team (SIT), which uncovered widespread forgery across Mumbai's western suburbs. Out of 200 CTS maps reviewed in Malad, 101 were found to be fake. The BMC plans to complete demolition of all 123 identified illegal buildings in the area by May 31. The probe dates back to 2020 and involves developers illegally claiming land using fabricated documents.Read more

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Navi Mumbai International Airport delayed until August 2025 due to runway work

The Navi Mumbai International Airport (NMIA) will now open by August 2025 instead of the previously expected July date, according to an aviation advisory issued to pilots. The delay is reportedly due to the runway strip not being fully commissioned yet. Meanwhile, a panel has unanimously agreed to retain all historical flight slots at Mumbai Airport for the upcoming winter season, avoiding any disruption for airlines. This decision clears confusion among international carriers about slot availability. The move also ensures a smoother transition between Mumbai and Navi Mumbai airports when NMIA becomes operational later this year.Read more

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Mumbai Infrastructure: Central and Western Railway lines set for major expansion as MMR grows

To meet the rising demand for urban transport, the Indian Railways has launched surveys to expand suburban railway networks in the Mumbai Metropolitan Region (MMR). The Central and Western Railway zones will see new lines, including one connecting Khandeshwar to the Navi Mumbai International Airport (NMIA) and another from Dahanu to Vadhavan Port. These projects aim to separate long-distance and local trains, reduce congestion, and improve access to new economic zones. The plan is part of a broader effort to support the region's rapid growth and integrate major infrastructure projects like NMIA and the upcoming Vadhavan Port in Palghar district.Read more

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Chandak Highscape City

Mumbai City, India

Chandak Group

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Mumbai authorities identify 322 buildings as 'extremely dangerous'; 74 still occupied

The Brihanmumbai Municipal Corporation (BMC) has classified 322 buildings in the city as 'extremely dangerous,' requiring immediate evacuation and demolition. Despite official notices, 74 of these buildings are still occupied, raising serious safety concerns. Most of these structures are located in Bandra, Malad, and Ghatkopar. The BMC has warned residents that it will not be held responsible for any loss of life or property if they ignore the evacuation orders. Civic officials are urging urgent cooperation, especially with the monsoon approaching, as old and unsafe buildings are at greater risk of collapse during heavy rains.Read more

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Mumbai Lease Deal: Eternal Ltd. leases 84,157 sq ft office space in Andheri East, Mumbai

Eternal Ltd, formerly known as Zomato, has leased 84,157 sq ft of office space in Andheri (East), Mumbai from Histyle Retail Pvt Ltd for a period of five years. According to CRE Matrix, the monthly rent is set at INR 160 per sq ft, amounting to approximately INR 1.34 crore. The rental agreement, which was registered last week, includes a 15% rental escalation after three years. Demand for office spaces has surged over the past two years, driven by domestic and foreign corporations, with 2024 witnessing a record-breaking year in gross office leasing activities. Zomato officially rebranded itself as 'Eternal Ltd' on the stock exchanges last month.Read more

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Mumbai's construction sector urged to adopt sustainable practices to tackle air pollution

CREDAI-MCHI, in collaboration with the Maharashtra Pollution Control Board (MPCB) and WRI India, recently organised a capacity-building workshop in Mumbai to address the rising concern of air pollution caused by construction activities. The event gathered site engineers, safety officers, and project managers to discuss practical measures for mitigating dust and emissions, such as fogging, wheel washing, and isolating active zones. WRI India conducted a technical session on real-time monitoring, data transparency, and compliance with state guidelines, while representatives from BMC and CREDAI-MCHI emphasised the importance of sustainable construction practices. The workshop concluded with a pledge to implement structured mitigation strategies and promote environmentally responsible construction in the Mumbai Metropolitan Region (MMR).Read more

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Chandak Sarvam

Mumbai City, India

Chandak Group

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Bombay HC halts bidding process for INR 13,200 crore Thane-Borivali twin tunnel project

The Bombay High Court has ordered a stay on the bid opening for the Thane-Borivali twin tunnel project, a major infrastructure plan estimated at INR 13,200 crore. The stay comes after a petition alleged that a key bidder failed to meet eligibility criteria, raising questions about procedural transparency. The twin tunnel, meant to connect Thane and Borivali via a 10.8 km stretch beneath the Sanjay Gandhi National Park, aims to significantly cut travel time across Mumbai's eastern and western suburbs. The state government now awaits the court's next hearing, which will decide whether the bidding process can move forward.Read more

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Mumbai: Western Railway's 6th Line between Bandra Terminus and Borivli set for July completion after long delay

The long-pending 6th rail line between Bandra Terminus and Borivli is expected to be completed by July 2025. The 15-km corridor will help segregate long-distance trains from suburban services, reducing delays and boosting punctuality across Western Railway (WR). Originally sanctioned in 2008 at INR 301 crore, the project faced delays due to encroachment issues and land acquisition. Work resumed in 2019 after the state committed support. Once operational, the new line will improve movement of express trains and help WR add new suburban services, easing daily travel for lakhs of commuters between Mumbai's north and south corridors.Read more

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BMC to finalise contractor for Deonar dumpyard clearance, plans to reclaim land in 3 years

The Brihanmumbai Municipal Corporation (BMC) is set to finalise one of its largest-ever waste clearance contracts to clear Mumbai's Deonar dumpyard within three years. The INR 2,368 crore project aims to remediate nearly 185 lakh tonnes of legacy waste using sustainable bioremediation techniques. Once completed, the reclaimed 311-acre land can be reused, including for the Dharavi Redevelopment Project. With tenders closing in May 2025, the selected contractor will be responsible for safely disposing of waste and converting it into usable materials like inert matter, recyclables, and soil fillers. The project is part of a broader push for cleaner, safer urban environments.Read more

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Mumbai News: ED probes 41 illegal buildings in Vasai; 13 locations searched over land scam

The Enforcement Directorate (ED) has launched a major investigation into 41 illegal buildings constructed on public land in Vasai, raiding 13 locations linked to the accused builders. These buildings were allegedly developed on a 60-acre plot meant for public use, with forged approval documents and fake agreements used to sell homes to unsuspecting buyers. The scam dates back to 2009 and involves a group of builders and civic officials. The Vasai-Virar Municipal Corporation (VVMC) has already demolished 14 structures, and more action is expected as authorities uncover the full scale of the fraud.Read more

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Mumbai Infrastructure: Dadar's Tilak Bridge reconstruction delays worsen traffic congestion

The ongoing redevelopment of Tilak Bridge in Mumbai's Dadar area has caused major traffic congestion, frustrating thousands of daily commuters. As the Brihanmumbai Municipal Corporation (BMC) carries out the phased construction of a new parallel bridge, the existing structure remains a bottleneck. Local residents and transport experts say the situation has worsened due to encroachments, narrow lanes, and poor planning. With Phase 1 now underway, the old bridge will be demolished only after the new one is operational. The complete project is expected to finish by 2026. Meanwhile, commuting through this busy area remains a daily challenge for many.Read more

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Arkade Rare

Mumbai City, India

Arkade Group

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Mumbai Infrastructure: New ROBs in Reay Road and Titwala to decongest traffic and enhance commuting

Maharashtra Deputy Chief Minister Shri Devendra Fadnavis inaugurated two major road-over-bridges (ROBs) on May 14 - a 273-crore cable-stayed Reay Road ROB in Mumbai and another in Titwala. These projects are designed to improve east-west connectivity and ease traffic congestion in high-density suburban areas. The Reay Road ROB is the first cable-stayed overbridge in suburban Mumbai, while the Titwala bridge connects Ambivli to Kalyan and serves over 25,000 daily rail passengers. Funded by MahaRail and the state government, both bridges aim to reduce commute times and traffic jams, with better infrastructure for vehicles and pedestrians during peak hours.Read more

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MHADA accelerates redevelopment of unsafe cessed buildings in Mumbai's island city

The Maharashtra Housing and Area Development Authority (MHADA) has intensified efforts to redevelop the 13,091 cessed buildings in Mumbai's island city. In response to the deteriorating condition of these structures, MHADA has initiated structural inspections and launched an awareness campaign to inform societies about the redevelopment process. The government has amended Section 79A of the MHADA Act, 1976, allowing landowners the first opportunity to submit a redevelopment proposal with the irrevocable consent of 51% of tenants/residents. If no proposal is submitted, MHADA's Mumbai Building Repair and Reconstruction Board (MBRRB) can acquire the building and land to carry out the redevelopment process.Read more

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Mumbai: BMC demolishes five illegal high-rises in Versova

The Brihanmumbai Municipal Corporation (BMC) demolished five unapproved multi-story structures that were built inside the Coastal Regulation Zone (CRZ) in Versova earlier this week. These structures, erected over the past year without municipal approval, posed significant environmental and safety risks. The BMC utilized heavy machinery and deployed a substantial workforce to dismantle the buildings. Furthermore, the civic body identified an additional 35 illegal constructions in the area, planning further action in the coming days.Read more

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Trial runs for Mumbai Metro Line 9 to begin soon as 85% work nears completion

Mumbai Metro Line 9, extending from Dahisar to Mira Road, is gearing up for trial runs as construction work approaches completion. The 11 km corridor, which includes a 5 km elevated section, is designed to integrate with Metro Line 7, aiming to reduce travel time between Colaba and Mira Road to approximately 90 minutes. The Mumbai Metropolitan Region Development Authority (MMRDA) has reported that nearly 85% of the work has been completed, with essential infrastructure and electrification nearing final stages. Once operational, the line is expected to significantly alleviate traffic congestion, enhance public transport connectivity, and provide a reliable commuting option for daily passengers in the western suburbs.Read more

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