Sporta Technologies has leased 169,250 sq ft in Ascent Worli, Mumbai, under a five-year agreement with a starting monthly rent of INR 5.07 crore and 4.75% annual escalation. The deal includes exclusive access to 135 car-parking spaces, a security deposit of INR 30.46 crore, and CAM deposit of INR 1.26 crore, along with a 36-month lock-in period and six-month fit-out. This lease, one of the largest single-tenant deals in Mumbai this year, reflects the company's aim to optimise costs while moving to a premium, well-equipped office in a prime commercial hub.Read more

Rakesh Roshan and his wife Pramila 'Pinkie' Roshan have expanded their commercial property portfolio in Mumbai with the purchase of five office units in Andheri East for a total of INR 19.68 crore. All units, located in the Vaidya West World One Aeropolis building, were registered earlier this week. Together, they span over 7,500 sq ft of carpet area and include ten parking slots. Two offices were bought under Rakesh Roshan's name, while three were registered to Pramila Roshan. The couple paid more than INR 1.18 crore in stamp duty. This follows other recent acquisitions in the same business district, signalling sustained long-term interest.Read more

Mumbai Metro Rail Corporation has drawn up a proposal for a 3 km network of underground pedestrian tunnels to improve connectivity at the Science Centre (Worli) and BKC stations of Metro Line 3. The plan includes a 1.4 km tunnel linking BKC station with the upcoming bullet train terminal, and two tunnels at Worli measuring 1.1 km and 500 m. Each tunnel will be around 5 metres wide and will include escalators and elevators. The INR 250 crore project will be funded by MMRC and BMC, supported by TOD incentives, and is targeted for completion by 2029-30.Read more

CIDCO has unveiled a housing scheme offering 4,508 ready-to-move homes across Navi Mumbai's Taloja, Dronagiri, Ghansoli, Kharghar, and Kalamboli nodes. The scheme operates on a first-come, first-served basis, allowing applicants to directly choose their preferred units. Among the tenements, 1,115 are allocated for the Economically Weaker Section (EWS) under PMAY with a subsidy of INR 2.5 lakh, while 3,393 are for the Low Income Group (LIG). Online registration has begun, and successful applicants can start selecting flats later this month, with immediate possession upon payment and document verification.Read more

A quiet shift is unfolding across Mumbai as the Permanent Transit Camp (PTC) model gains momentum in unlocking long-stalled slum redevelopment. Traditionally, projects in areas where sale rates could not exceed INR 20,000 per sq ft struggled to break even due to rising construction costs, unstable negotiations and heavy premium payouts. The PTC framework bypasses these bottlenecks by shifting eligible slum households to a separate, fully certified permanent structure, freeing the original land for unencumbered development. With third-party funding shouldering all expenses and developers earning fixed fees without investment exposure, the model is reshaping both market dynamics and neighbourhood conditions.Read more

The Maharashtra government has approved the detailed project report and phase I implementation plan for the Uttan-Virar Sea Link, a large regional connectivity project valued at INR 58,755 crore. The plan covers a 24.35 km sea bridge and 30.77 km of connecting roads, forming a 55.12 km corridor. The state will extend INR 11,116.27 crore as non-interest support, while the remaining funds will be raised by MMRDA and external borrowings. The proposal follows earlier revisions that had significantly reduced the project's earlier estimated cost.Read more

Navi Mumbai Municipal Corporation has initiated a major cleaning drive on busy city roads and the MIDC area to reduce dust and air pollution. Under the guidance of Municipal Commissioner Dr. Kailash Shinde and Additional Commissioner Sunil Pawar, all eight departments are actively participating. Roads such as Thane Belapur Marg, Amra Marg, and main MIDC streets are being cleared of accumulated soil using brooms, flipper machines, and mechanical vehicles, followed by washing with treated sewage water. Dust suppression foggers are deployed at busy intersections, and vigilance teams monitor construction and industrial sites.Read more

Maharashtra Chief Minister Shri Devendra Fadnavis has laid out a plan for all significant infrastructure projects in Mumbai to be completed by 2032, aiming for full city transformation within five to seven years. He emphasised work on sea-link extensions, new tunnels, free-flow bridges, and link roads to reduce congestion on the Western Express Highway. The metro network is to be built within five years, while public transport will be electrified. Sewage treatment upgrades and green zones in Dharavi form part of his wider environmental goals.Read more

Wallnut Real Estate Services has facilitated the sale of a 3,125 sq ft carpet office unit at ONE BKC in Mumbai's Bandra Kurla Complex for INR 38 crore, marking one of the city's highest-value office transactions in the past week. The deal, completed between buyer Sawariya Futureworks Ltd and seller Harmony Realty, closed at INR 38.3 crore, translating to a benchmark rate of INR 1,22,000 per sq ft. The transaction reinforces ONE BKC's appeal as a premier Grade A commercial hub known for strong tenant demand and strategic connectivity. Wallnut's Sukant Mangal said the record price reflects the project's long-standing position at the top end of Mumbai's office market.Read more

Mumbai University has commissioned a 200 kW solar-power system at its Kalina campus, covering seven key buildings, including Ambedkar Bhavan, Mehta Bhavan, and the Life Science Block. With net metering, this installation is expected to generate around 260,000 units annually and save over INR 4 lakh per month in electricity costs. The project is part of a larger green campus push, backed by a partnership with Comet India and United Way Mumbai, that also includes rainwater harvesting, recycling, biodiversity efforts, and climate-skills programmes.Read more

Sobha Ltd has entered the Mumbai housing market with the launch of 'SOBHA Inizio', its first residential project in the city. The 1.038-acre development will offer 310 apartments priced between INR 2.8 crore and INR 5.75 crore, in partnership with the landowner. While project costs and revenue projections were not disclosed, the launch comes on the back of Sobha's strong performance, including its highest-ever sales bookings of INR 3,981.4 crore in the first half of the fiscal year. The company's Q2 net profit nearly tripled to INR 72.52 crore, supported by higher income. With significant deliveries across 27 cities, the Mumbai entry marks a strategic step in its national expansion.Read more

Maharashtra is undertaking a major initiative to reduce traffic congestion in Mumbai by creating an extensive underground tunnel network called 'Paatal Lok.' The tunnels, designed to run parallel to existing roads, will complement Metro expansions and coastal road projects, improving east-west and north-south connectivity. Key projects include tunnels linking Thane-Borivali, Mulund-Goregaon, Atal Setu-Girgaon Chowpatty, and Bandra-Bandra Kurla Complex. Additionally, the Mumbai One app now offers a common ticketing system for multiple transport modes while keeping second-class suburban train fares unchanged.Read more

Mumbai's civic authority has stated that construction and industrial activity in any locality will be stopped if the Air Quality Index (AQI) stays above 200 despite required mitigation measures. This step forms part of the city's GRAP-4 actions and builds on the 28-point pollution-control guidelines announced in October 2024. The BMC has created flying squads for every ward to monitor on-ground compliance, waste burning, dust emissions and fuel usage. Officials have been instructed to ensure strict implementation as several areas recently reported higher-than-usual pollution levels.Read more

Air India Express will start flight operations from Navi Mumbai International Airport from December 25, with the first service to Bengaluru. The airline will operate daily flights to Bengaluru and five weekly flights to New Delhi, both of which are among its strongest domestic hubs. It also plans to double frequencies on these routes from January 2026. This expansion aligns with the carrier's recent network additions from Bengaluru to several domestic and international destinations. The move is expected to support the new airport's initial traffic growth and improve regional connectivity.Read more

The Vidyavihar East-West connector, expected to ease travel between Ghatkopar, Kurla, and Vidyavihar, has been delayed once again due to unresolved rehabilitation work on the western side. The Brihanmumbai Municipal Corporation shifted the deadline from the earlier target to June 2026, marking the project's third extension. Cost estimates have risen sharply to nearly INR 179 crore from the original INR 99.98 crore, mainly because of prolonged demolition work and necessary design changes. Although rehabilitation hurdles have reportedly been resolved, only a fraction of the required structures on the western side have been cleared so far.Read more