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

Mumbai Metro News: MMRDA completes tunnel breakthrough for metro 7A, 59% work done on airport link

MMRDA has achieved a major milestone for Mumbai's Metro Line 7A with TBM 'Disha' completing a 1.67-km underground tunnel between Gundavali and the airport. The 3.4-km corridor, part of the Red Line 7 extension, includes elevated and underground sections and aims to boost east-west connectivity through key interchanges with Lines 2, 3, 6, and 9. Currently 59% complete, the metro line is expected to be operational by December 2025. Officials say this link will ease airport traffic and cut travel time. CM Shri Devendra Fadnavis hailed it as a step forward in strengthening Mumbai's infrastructure and commuter mobility.Read more

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Mumbai Infrastructure: Carnac Bridge set to reopen, restoring key link to Crawford Market and Fort

After a 2.5-year closure, Mumbai's historic Carnac Bridge near Masjid Bunder will reopen on June 7, 2025. The INR 41.3 crore reconstruction replaces the 1866 British-era structure and aims to decongest key trading routes linking Crawford Market, P D'Mello Road, and CST. The new 70m steel girder bridge was installed in January 2025 during carefully timed railway blocks. Final touches, including road surfacing and safety fittings, are underway. Originally shut in 2022 due to safety concerns flagged in 2018, the revamped bridge is expected to restore crucial connectivity for traders and commuters and ease pressure on detour-heavy routes like Kalbadevi and Princess Street.Read more

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Luxury demand drives Oberoi Realty's INR 5,266 cr sales in FY25, up 31% from FY24

Oberoi Realty Ltd reported a 31% jump in sales bookings, reaching INR 5,266 crore in FY 2024-25, up from INR 4,007 crore the previous year. The Mumbai-based luxury developer sold 928 units, compared to 705 in FY24, with total carpet area sold rising by 19% to 12.81 lakh sq ft. The strong performance reflects sustained demand for premium housing, particularly in Mumbai. With upcoming projects in Borivali, Thane, and Goregaon, and a focus on mixed-use developments, Oberoi Realty is well-positioned to benefit from India's positive economic outlook and growing interest in high-end homeownership.Read more

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Mumbai Infrastructure: Central Railway dismantles 112-year-old Sion ROB to clear path for new railway lines

Central Railway has successfully dismantled all seven girders of the century-old Sion Road Over Bridge (ROB), a key step in adding the 5th and 6th railway lines between Kurla and Parel. The final girder, in place since 1912, was removed during a five-hour block on Sunday. The ROB, a crucial east-west link connecting Dharavi, LBS Marg, and the Eastern Express Highway, was closed earlier, causing traffic congestion on alternate routes like the Santacruz-Chembur Link Road. The dismantling supports Mumbai's rail network expansion to ease commuter load. Plans for a new bridge are underway, with broader upgrades across Mumbai's railway infrastructure in progress.Read more

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Mumbai Infrastructure: Eleven Malad lakes set for revival under Project Mumbai by 2026

Eleven lakes in Malad will be rejuvenated over the next two years as part of 'Project Mumbai,' Union Minister Piyush Goyal announced. Phase 1 has already begun with five lakes, while Phase 2 will cover six larger, more degraded waterbodies. The initiative includes desilting, sewage diversion, and the creation of walking paths, seating zones, and biodiversity improvements. Lakes like Lotus Talao, Hanuman Nagar Talao, and Somnath Talao are among those listed. With support from over 500 companies, officials aim to complete the work by 2026, making this north Mumbai's largest multi-lake restoration effort to date.Read more

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HC Judgements: Court orders Neelkamal Realtors to hand over 3,000 units to MMRDA under old Rental Housing Scheme

The Bombay High Court has ordered Neelkamal Realtors Suburban Pvt Ltd to complete and hand over eight buildings to MMRDA in Mahajanwadi under the defunct Rental Housing Scheme (RHS). The buildings-comprising around 3,000 residential and commercial units-were to be built on 25% of the plot using 1 FSI, in exchange for 3 FSI for free-sale buildings. While the developer built and sold 26 buildings, it failed to deliver the MMRDA units. The court rejected Neelkamal's plea to shift to a newer housing policy, reinforcing that public welfare obligations under RHS must be honoured despite scheme discontinuation.Read more

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Navi Mumbai civic body intensifies crackdown on unauthorised structures in Belapur, Nerul and Vashi

Earlier this week, Navi Mumbai Municipal Corporation (NMMC) launched a large-scale demolition drive targeting unauthorised constructions in Belapur, Nerul and Vashi. The operation, conducted under the directives of Commissioner Dr Kailas Shinde and supervised by senior officials, included action against illegal structures despite prior notices. In Belapur, illegal constructions on plots in Sector 15 were removed, while in Nerul's Sector 28, 28 unauthorised huts on CIDCO land were demolished. Additionally, in Vashi's Sector 31A and nearby areas, a total of 110 unauthorised huts were cleared. These operations involved local police, municipal staff, and machinery including JCBs.Read more

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Ruparel Urbana

Mumbai City, India

Ruparel Group

View Website | Visit RERA website

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Bellasis Bridge may open 6 months early, easing South Mumbai congestion by December 2025

The Bellasis Bridge, a vital east-west link in South Mumbai, may reopen by December 2025-six months ahead of its original June 2026 deadline. Jointly undertaken by BMC and Western Railway with a INR 114 crore budget, the 360-metre bridge near Mumbai Central is being rebuilt after being declared unsafe and demolished in 2024. The six-lane connector is crucial for traffic between Tardeo and Nagpada. Early tenders and inter-agency coordination enabled the fast-tracked timeline. While the project boosts urban mobility, it faces resistance from local fisherfolk over rehabilitation concerns.Read more

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Mumbai Metro News: MMRDA installs 400-ton steel girder over Diva rail tracks for Metro Line 5

The Mumbai Metropolitan Region Development Authority (MMRDA) has successfully launched a 400-metric-ton open web girder over Central Railway's Diva-Vasai corridor for Metro Line 5, connecting Thane, Bhiwandi, and Kalyan. Installed using four cranes and 40 hydraulic jacks, the steel structure bridges a key gap between Mankoli and Durgadi Naka. This engineering feat over high-traffic railway tracks brings the 24-km corridor closer to completion by 2025. Once operational, Metro Line 5 will serve over 2 lakh commuters daily, easing congestion and linking with Metro Lines 4, 12, and suburban rail networks in one of Mumbai's busiest suburban regions.Read more

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Japan to donate Shinkansen trains for Mumbai-Ahmedabad bullet corridor, trials to begin soon

In a key step for India's first bullet train project, Japan will donate two Shinkansen rakes-E5 and E3 series-for test and inspection runs on the Mumbai-Ahmedabad high-speed rail corridor. With 48% of the 508-km route completed, the trains are expected to arrive well before the project's August 2026 launch. The E5 model, capable of 320 kmph, will support initial trials between Surat and Bilimora. Japan is also funding a large share of the INR 1.1 lakh crore project through low-interest loans, echoing its longstanding role in India's infrastructure growth, similar to France's early support for the Delhi Metro.Read more

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Navi Mumbai Airport set for June launch as CIDCO and Adani review final readiness

CIDCO and Adani Airport Holdings reviewed the final phase of the Navi Mumbai International Airport (NMIA), on track for a June 2025 launch. With DGCA issuing the Airport Information Publication and ORAT trials underway, the airport is nearing operational readiness. Phase 1 includes a Code-F runway, modern terminal, and cargo facilities to handle 20 million passengers annually. CIDCO is fast-tracking road and metro connectivity with NHAI to ensure seamless access. Once operational, NMIA is expected to ease traffic at Mumbai airport and boost real estate, logistics, and economic growth across Ulwe, Panvel, JNPT, and the wider MMR.Read more

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Mumbai's urban jungle turns green with nature trails, bird walks, and eco-theatre for Earth Day

Earlier this week, the Maharashtra Nature Park Society (MNPS), under the Mumbai Metropolitan Region Development Authority (MMRDA), launched a lineup of eco-centric events to celebrate both Earth Day and the park's Foundation Day. Spread over 37 acres, this park, once a landfill, has become a hub of biodiversity and nature education. Highlights included a birdwatching tour, a guided nature walk, a wildlife photography exhibition, and a street play on endangered species. Starting this week, 500 saplings are also being distributed to promote household-level greening under the "One Family - One Plant" initiative.Read more

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Mumbai Metro Line 2B: Trial runs begin on 5.3km stretch from Mandale to Diamond Garden

MMRDA has launched trial runs on a 5.3-km stretch of Mumbai Metro Line 2B from Mandale to Diamond Garden, covering five stations. This segment is part of the larger 18.5-km corridor connecting DN Nagar to Mandale. The Mandale depot panning 31 acres and built to house 72 trains's is now operational. After internal trials, RDSO and the Independent Safety Assessor will evaluate system readiness. While the full line's launch has been pushed to early 2026, the corridor is expected to significantly ease east-west travel, boost real estate in Kurla and Chembur, and improve overall public transport integration across the city.Read more

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Navi Mumbai: NMMC intensifies crackdown on illegal structures in Airoli division

Earlier this week, Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in Airoli after repeated notices to the concerned parties went ignored. Under the directives of Municipal Commissioner Dr. Kailas Shinde, and with guidance from Additional Commissioner Dr. Rahul Gethe and Deputy Commissioner for Encroachment Shri Bhagwat Doiphode, the encroachment department took partial demolition action against an unauthorised construction at Sector-3, Airoli. The structure belonged to Anil Popat Patil and had been constructed without obtaining NMMC permissions. The operation was executed as per Section 54 of the Maharashtra Regional and Town Planning Act, 1966.Read more

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Mulund emerges as Mumbai's new epicentre of real estate transformation

Mulund, traditionally seen as the Gateway of Mumbai's Central Suburbs, is now positioning itself as a strategic real estate hotspot, bridging the city Eastern and Western corridors. Fuelled by major infrastructure projects such as Metro Line 4, Metro Line 5, and the upcoming Goregaon-Mulund Link Road (GMLR), the locality has witnessed a 42% increase in capital values between 2021 and 2024. With its green landscapes, expanding luxury housing, and growing commercial presence, Mulund is redefining urban living by combining nature, connectivity, and modern amenities attracting both mid-income and premium homebuyers.Read more

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Kings My Homes

Mumbai City, India

Kings Builders And Developers

View Website | Visit RERA website

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Mumbai's Legacy: Brownfield redevelopment as the key to its future

Mr. Sanjay Daga, CEO and Managing Director of Anex Advisory

Mumbai, once known as Bombay, is a city of rich cultural heritage and boundless ambition. Over time, rapid urban expansion, population density, and outdated infrastructure have strained its livability. However, brownfield redevelopment projects offer a promising solution. These projects not only improve individual living spaces but enhance local communities, boost economic growth, and create vibrant, sustainable environments. Combined with transformative infrastructure projects like Metro Line 3 and the Coastal Road, brownfield initiatives could help Mumbai navigate its growth challenges, while ensuring the city remains dynamic and inclusive for future generations.Read more

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Gokhale-Barfiwala connector to open May 15, but Juhu traffic woes may worsen

Mumbai's Gokhale-Barfiwala connector will open on May 15, offering long-awaited east-west access in Andheri. However, instead of smooth passage, westbound vehicles will confront a sharp 90-degree turn into a narrow lane due to an incomplete link to the under-construction JVPD Flyover. The detour is expected to create bottlenecks during peak hours, drawing criticism from commuters and civic groups. Although the connector finally joins the reconstructed Gokhale Bridge and Barfiwala Flyover after six years, the full relief will only come once the 1.6-km JVPD extension is ready expected no sooner than 2027. Until then, traffic snarls are likely to persist.Read more

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Central Railway to clear encroachments for direct LTT access via Vidyavihar

To improve last-mile access to Lokmanya Tilak Terminus (LTT), the Central Railways is reclaiming a 300 - 500 metre stretch between Vidyavihar station and LTT by clearing slums and illegal structures near Tilak Nagar. The move aims to provide seamless pedestrian access to LTT from the Central Line, reducing dependence on congested Kurla and Tilak Nagar stations. Surveys are complete, with coordination underway with BMC and police for demolition and rehabilitation. Passenger groups have welcomed the initiative, citing long-standing demands for better connectivity. Once completed, the link is expected to ease foot traffic and support smoother suburban-to-long-distance transfers in east Mumbai.Read more

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