The Brihanmumbai Municipal Corporation (BMC) has sanctioned a project valued at INR 62 crore to construct a state-of-the-art tunnel aquarium at the Veermata Jijabai Bhosale Udyan and Zoo in Byculla. The contract has been awarded to M/S Marine Aqua Zoo, known for its expertise in marine-themed projects. The 14,000 sq ft structure will feature a walk-through tunnel and multiple thematic tanks, showcasing over 200 marine species. Expected to be completed by early 2027, the project is part of BMC's broader strategy to revitalise the 160-year-old zoo, attracting more visitors, particularly children and tourists.Read more

The Navi Mumbai Municipal Corporation (NMMC) has encouraged property owners to complete the Know Your Customer (KYC) process to facilitate easier access to digital municipal services. This initiative is designed to enable residents to conveniently view and pay property tax bills via mobile phones while also receiving essential updates, including water supply alerts, emergency notifications, heavy rainfall warnings, and traffic advisories. Property owners can complete the KYC process by visiting the NMMC's official website and accessing the QR code or link provided. This effort is part of NMMC's broader digital transformation strategy aimed at enhancing service delivery and citizen engagement.Read more

ILP 4 India 1 Pvt Ltd has acquired a 3.95-acre land parcel in Kurla, Mumbai, for INR 193.5 crore from Shri Aditya Finwealth, according to real estate consultancy Square Yards. Registered in May 2025, the deal includes existing structures with a built-up area of 4,519 sq m and involved a stamp duty of INR 11.61 crore. The land is designated for industrial use under Development Plan 2034, making it suitable for warehousing or logistics projects. This acquisition highlights Kurla's growing appeal for industrial investment and reflects ILP 4 India's ongoing expansion in real estate development.Read more

The Bombay High Court has ordered a land survey in Powai to investigate allegations of unauthorised encroachments on property owned by IIT Bombay. The directive was issued in response to a PIL that accused contractors of illegally seizing land and constructing slum tenements, allegedly using criminal intimidation to force residents out. The court has instructed the Mumbai Suburban District Collector to conduct the survey and submit a detailed report, ensuring that both the institute and the accused have an opportunity to present their claims. The court also mandated police protection during the removal of encroachments.Read more

The Airport Economic Regulatory Authority (AERA) has approved a revised User Development Fee (UDF) structure for Mumbai airport, effective April 2024 to March 2029. Domestic passengers will now pay INR 275-304, while international passengers will pay INR 830-875, with higher rates for business class. A separate INR 175 levy will apply to all arriving passengers. AERA also directed Mumbai International Airport Ltd (MIAL) to revise its Terminal-1 demolition schedule, favoring a phased transition to avoid disruption. While MIAL had sought a 67% UDF hike, AERA approved only a 21.6% increase, emphasizing affordability and operational efficiency for both passengers and airlines.Read more

Bollywood actress Amrita Puri, along with her parents Aditya and Anita Puri, has acquired a luxury apartment in the prestigious Lower Parel area of Mumbai for INR 37 crore. The 5,446.53 sq ft property is situated on the 49th floor of Lodha Group's World One tower, a part of the lavish World Towers development. The transaction, which was officially registered earlier this year, included a stamp duty of INR 2.22 crore and additional registration charges. The family also secured four dedicated car parking spaces with the purchase.Read more

Maharashtra Chief Minister Shri Devendra Fadnavis and Deputy CM Shri Eknath Shinde recently inaugurated Phase 2 of Mumbai Metro Line 3, a 9.6 km underground stretch from Worli's Acharya Atre Chowk to Bandra Kurla Complex (BKC). This brings the operational corridor to 20 km, improving north-south connectivity between Aarey and Worli. Covering key locations like Dharavi, Dadar, Mahim, and Siddhivinayak Temple, the expansion is expected to boost real estate activity in surrounding areas. Analysts predict a 1.5-2x rise in annual office leasing in CBDs like BKC and Worli. The final phase to Cuffe Parade will further enhance Mumbai's transit integration and urban growth.Read more

L&T Realty has made its first outright land purchase with the acquisition of a 34-acre plot in Panvel, Navi Mumbai, for over INR 102 crore from three landowners. Marking a strategic shift from its usual joint ventures and development agreements, the move strengthens the company's footprint in Navi Mumbai. The land, currently zoned for industrial use, has sparked speculation on whether it will be used for residential development or as a precast manufacturing facility. This follows L&T Realty's recent JV at Bandra Reclamation and a major redevelopment project in Thane, reinforcing its expansion strategy across high-growth urban regions.Read more

After enduring seven years of partial closures, delays, and detours, commuters in Mumbai can now access the fully reopened Gokhale Bridge in Andheri, marking a crucial step in restoring the east-west corridor. The INR 90 crore reconstruction project, which faced repeated setbacks due to coordination challenges between the BMC and Western Railways, has now been completed with two operational lanes in each direction. Civic engineers and local groups have expressed relief at the long-awaited reopening.Read more

The Bombay High Court has permitted the BMC to construct a 50-metre-wide road through mangrove buffer zones in Malad West, citing compliance with environmental regulations and public necessity. The project, affecting 3.5 hectares and 37 mangrove trees, had received clearances from both the MCZMA and the Ministry of Environment. The court referred to a 2018 Supreme Court ruling that allowed such projects if proposed before the order and with due approvals. With legal and environmental approvals in place, the BMC is now set to proceed with the long-pending infrastructure work aimed at improving connectivity while implementing mitigation measures to limit ecological damage.Read more

The Charkop elevated road bridge project, aimed at improving east-west connectivity in Mumbai's western suburbs, has had its completion deadline extended to June 2027, according to MMRDA. Originally slated for end-2025, the 3.4-km bridge connecting Malvani and Charkop faced delays due to design changes and utility relocation challenges. Executed by J Kumar Infraprojects at a cost of INR 620.15 crore, the project required revisions to align with existing infrastructure and safely shift underground utilities. Once complete, the bridge is expected to ease congestion on Link Road and improve travel times for thousands of commuters between Borivali and Malad.Read more

Indian Hotels Company Ltd (IHCL) has joined forces with United Way Mumbai to carry out daily beach clean-up and waste management activities in Mumbai. This initiative, aimed at promoting sustainable waste management practices, involves the deployment of Safai Sathis at Mahim Reti Bunder and Mahim Causeway. Over a six-month period, from October 2024 to March 2025, the project successfully collected 1,12,097.37 kgs of waste, which was processed at a Material Recovery Centre (MRC). IHCL's collaboration underscores the importance of public-private partnerships in addressing environmental challenges while contributing to a cleaner Mumbai.Read more

CREDAI-MCHI hosted a seminar earlier this week at its Mumbai office to shed light on the implications of the recent Bombay High Court ruling concerning GST relief for homeowners in redevelopment projects. The panel featured industry experts, including Mr. Sunny Bijlani, Joint Secretary of CREDAI-MCHI, Mr. Rohit Jain, Deputy Managing Partner at Economic Laws Practice (ELP), and Mr. Harsh Shah, Partner at ELP. The court ruled that GST is not applicable where developers are appointed for redevelopment without the sale or transfer of development rights (TDR) or Floor Space Index (FSI). The judgement quashed a tax demand under Entry 5B of the relevant GST notification, emphasising that redevelopment agreements limited to construction do not involve the transfer of TDR or FSI under Maharashtra's Unified DCPR.Read more

Amazon has renewed its five-year lease for over 94,000 sq ft of office space at Godrej Two in Vikhroli, Mumbai, with a 48-month lock-in period and monthly rent of INR 1.73 crore. The lease covers four Amazon entities and includes 60 parking spaces. Located in the premium 'The Trees' mixed-use development by Godrej Properties and Godrej Fund Management, the office space spans four units on the 7th floor. This renewal highlights Amazon's ongoing expansion in Mumbai and reinforces Vikhroli's rise as a key commercial hub. It also reflects the growing preference for sustainable, well-connected office spaces among global corporations in India.Read more

To tackle rising traffic congestion in Mumbai's Bandra-Kurla Complex (BKC), especially after the Sion bridge closure, the MMRDA has approved a strategic traffic management plan. With around 2 lakh employees and 4 lakh visitors daily, BKC faces severe vehicular pressure, worsened by heavy transport inflows. The plan includes converting underused cycle tracks into vehicle lanes, expanding road capacity to accommodate 600-900 extra vehicles per lane. A one-way system will also be introduced in high-traffic zones. These changes are expected to reduce peak travel times by 40% and cut emissions by 30%. The initiative reflects MMRDA's focus on sustainable, efficient urban mobility.Read more

Bollywood star Ajay Devgn has leased a 2,545 square foot office space for INR 5.47 lakh a month in Andheri West, Mumbai. The five-year lease, registered earlier this month, involves a security deposit of INR 16.42 lakh. The rental agreement includes a clause for an increase to INR 6.29 lakh per month after three years. This transaction is part of Devgn's broader investment in commercial real estate, having acquired five office units in the Signature by Lotus building for INR 45.09 crore in April 2023. The current lease is with Bombay Design Centre Pvt Ltd.Read more

The Maharashtra Housing and Area Development Authority (MHADA) is set to launch a lottery for approximately 5,200 affordable homes in Mumbai around Diwali 2025. These homes will be available across various income categories, including Economically Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group (MIG), and High Income Group (HIG). The application process will be entirely online, with further details regarding pricing, locations, and schedules to be announced in the coming months.Read more