The Slum Rehabilitation Authority (SRA) in Mumbai has invited applications for the empanelment of developers to undertake redevelopment projects under its jurisdiction. Application forms will be available from 7th March to 21st March 2025 at the SRA office in Bandra (East). Developers must submit detailed documentation, including project experience, financial turnover, and manpower availability. Empanelled developers will be responsible for tasks such as site demarcation, transit arrangements, construction, and obtaining necessary approvals. The selection process ensures that only competent developers are enlisted, with annual revisions to maintain high standards.Read more

Bollywood actor and producer Priyanka Chopra Jonas has sold four residential apartments in Andheri West's Lokhandwala Complex for INR 16.17 crore. Among these, a duplex spanning the 18th and 19th floors fetched INR 6.35 crore. The deals were executed by her mother, Madhu Chopra, and registered earlier this week, incurring a cumulative stamp duty of INR 84.47 lakh. This follows her previous real estate sales in the same area, including two apartments to filmmaker Abhishek Chaubey for INR 6 crore in late 2023 and a commercial property for INR 7 crore earlier that year.Read more

A record-breaking luxury apartment sale in Mumbai's Juhu area saw Paresh and Avni Shah purchase a 9,863 sq. ft. unit in Avalon Tower for INR 106 crore, marking a price of over INR 1 lakh per sq. ft. The transaction reflects Mumbai's booming high-end real estate market, with the tower's completion set for 2028. Similar luxury sales have been recorded across India, including a INR 75 crore penthouse in Delhi, an INR 80 crore villa in Bengaluru, and a INR 45 crore apartment in Chennai. Rising demand for luxury homes signals strong investment potential in India's real estate sector.Read more

Deputy CM Shri Eknath Shinde has announced that the Maharashtra government will explore the use of Transfer of Development Rights (TDR) for buildings in Mumbai's airport funnel zone, which face height restrictions delaying redevelopment. The move, benefiting over 6,000 buildings and nearly 6-8 lakh residents in Vile Parle, Santacruz, Kurla, and Ghatkopar, aims to allow developers to compensate for lost floor space through TDR, making projects viable. Additionally, MHADA is expediting the redevelopment of dilapidated cessed buildings, appointing a full-time land acquisition officer and issuing notices to 854 owners. The initiative aligns with similar TDR models used in Delhi, easing Mumbai's housing shortage while ensuring aviation safety.Read more

Mumbai's BMC has launched a policy to convert vacant land tenancy (VLT) plots into leased properties for public purposes, aiming to boost revenue and streamline land use. Covering 3,600 VLT plots in key areas like Dadar, Sion, and Parel, the initiative seeks to prevent encroachments and optimize urban planning. The policy, expected to generate INR 2,000 crore in four years, includes a one-time premium (62.5% of ready reckoner rate) and annual ground rent. While implementation challenges remain, the BMC asserts that this move will enhance land management and contribute to Mumbai's urban transformation.Read more

The Brihanmumbai Municipal Corporation (BMC) has ordered an accelerated completion of the Dindoshi-Goregaon-Dadasaheb Phalke Film City flyover, a key part of the 12.2 km Goregaon-Mulund Link Road (GMLR). Officials are deploying extra workforce and three shifts to expedite construction. The six-lane, 1,265-meter flyover is crucial for east-west connectivity, reducing travel time from 75-90 minutes to just 15-25 minutes. The GMLR project, set for completion by 2028, includes twin 4.7 km underground tunnels beneath Sanjay Gandhi National Park. This initiative is expected to boost real estate in Mulund, Malad, and Goregaon, improving Mumbai's urban transport network.Read more

The Bombay High Court has granted the Maharashtra Housing and Area Development Authority (MHADA) approval to redevelop Motilal Nagar in Goregaon, spanning 143 acres, through a construction and development agency (C&DA). This decision follows years of legal disputes and resident opposition. The court emphasized that individual cooperative housing societies focusing solely on their interests could lead to fragmented development, hindering systematic urban planning and infrastructure upgrades. The state government has designated the project as "special," maintaining MHADA's oversight while authorizing the engagement of a C&DA due to economic feasibility. This ruling paves the way for large-scale redevelopment, addressing long-standing issues like waterlogging and infrastructure deficiencies.Read more

Vriti Gothi

Mumbai Metro Line 1, operated by Reliance Infrastructure, will introduce shorter trips between Andheri and Ghatkopar to ease congestion and accommodate 20,000 additional passengers during peak hours. Based on a trial run, 88% of commuters travel between Andheri and Ghatkopar, prompting special services from 8:30 AM - 10:30 AM and 6:00 PM - 8:00 PM. The metro's frequency will reduce to 3 minutes and 15 seconds, improving efficiency. This move will enhance connectivity, reduce travel time, and benefit office-goers, reinforcing Mumbai's public transport network and easing congestion at key transit points.Read more

Vriti Gothi

Maharashtra CM Shri Devendra Fadnavis recently announced that most of Mumbai's 374-km metro network will become operational by 2027, with several lines, including Metro Line 3 (Aqua), 7A, 4, and 4A, launching by year-end. Meanwhile, officials are considering extending the underground stretch of Metro Line 5 (Orange Line) from 2 km to 5 km to reduce demolition and displacement. The 24.9 km Orange Line, linking Thane, Bhiwandi, and Kalyan, is expected to cut travel time to 35-40 minutes. Despite delays, completion is targeted for 2026-27.Read more

The Navi Mumbai Municipal Corporation (NMMC) has launched Abhay Yojana, offering a 50% concession on late penalty charges for property tax defaulters who clear their dues between March 10-31, 2025. However, only full payments qualify for the discount. Amidst ongoing legal action against defaulters, NMMC has also introduced the Bharat Bill Payment System (BBPS) to simplify tax payments. Citizens can now pay via UPI, online banking, debit/credit cards, and mobile wallets through the NMMC website and mobile app. A 24/7 helpline (022-62531727) has been set up for assistance. These initiatives aim to boost tax collection, improve transparency, and enhance civic administration.Read more

The Mumbai Metropolitan Region Development Authority (MMRDA) has inaugurated a state-of-the-art double-decker flyover in Mira Bhayander, aiming to revolutionise urban mobility. This innovative infrastructure integrates Metro Line-9 with road transport, featuring a shared pier structure-a first in transit solutions. Spanning approximately 1 kilometre, the flyover is designed to alleviate traffic congestion by bypassing major bottlenecks and enhancing connectivity. It boasts advanced safety features, including reinforced concrete anti-crash barriers, reflective signage, and superior lighting. Part of the ambitious Metro Line-9 project, this flyover exemplifies next-generation urban transport planning, ensuring both efficiency and safety.Read more

The Navi Mumbai International Airport (NMIA) is progressing towards its mid-May commercial launch, marked by the release of the Aeronautical Information Publication Supplement (AIPS) by the Airports Authority of India (AAI). The AIPS has identified approximately 225 obstacles around the airport, and these are being looked into. Airlines such as Air India and IndiGo are preparing to initiate services at NMIA, with phased transitions planned to ensure a smooth shift of domestic operations. Developed jointly by Adani Airport Holdings Limited (AAHL) and the City and Industrial Development Corporation of Maharashtra (CIDCO), NMIA aims to alleviate congestion at Mumbai's current international airport CSMIA. Future plans include a dedicated VVIP terminal by 2030.Read more

Tesla has secured showroom spaces in Mumbai and Delhi, marking a major step in its India expansion. The Mumbai showroom is in Maker Maxity, BKC, spanning 3,000 sq. ft. at a monthly rent of INR 35 lakh, potentially setting a record in the auto sector. In Delhi, Tesla's 4,000 sq. ft. showroom in Aerocity is leased at INR 25 lakh per month from Brookfield. These moves follow Elon Musk's discussions with PM Narendra Modi, highlighting Tesla's growing interest in India's auto market. With hiring underway, Tesla's official market entry seems imminent.Read more

Chief Minister Shri Devendra Fadnavis recently reviewed the ongoing and proposed infrastructure projects of the Brihanmumbai Municipal Corporation (BMC), amounting to INR 2 lakh crore. He instructed officials to accelerate progress and ensure timely completion. Deputy Chief Minister Shri Eknath Shinde suggested the establishment of a helipad along the coastal road, potentially on a temporary jetty near Worli Dairy. Key directives included a 1,200-vehicle parking facility at Haji Ali, integration of artificial intelligence in drain cleaning, and finalisation of tenders for crucial projects within a month. BMC informed that 2,000km of Mumbai's roads will be concretised, making 80% pothole-free.Read more

The Brihanmumbai Municipal Corporation (BMC) has reiterated its commitment to halting road excavations as the monsoon season nears. Municipal Commissioner Bhushan Gagrani had earlier announced the suspension of road excavations until ongoing concretisation projects are completed. The directive has been communicated to civic officials, with citizens encouraged to report any violations. BMC has set a deadline for all pending concretisation work by May 31, 2025, ensuring that no new roads will be dug up after February 22, 2025. To improve transparency, BMC has introduced QR codes at project sites, providing citizens with real-time updates. Meanwhile, civic authorities are working to expedite completion, with the first phase expected to be finished by December this year and the second by December next year.Read more

Bollywood actor Shakti Kapoor has sold his Juhu apartment for INR 6.11 crore, as per property registration documents. The 881 sq. ft. apartment in Silver Beach Heaven Co-operative Society was bought by Bengaluru-based Satish Venkatesh and Archana Taneja. The transaction was registered earlier this week, with a stamp duty of INR 36.66 lakh. This sale follows Kapoor and his daughter Shraddha Kapoor's recent purchase of a luxury apartment worth INR 6.24 crore in Piramal Mahalaxmi South Tower, Mumbai. Juhu remains a top choice for Bollywood celebrities, offering premium amenities and strong connectivity.Read more

Mumbai Metro Rail Corporation Limited (MMRCL) is looking to monetize land parcels in Byculla, Marol, Mahim, and Dharavi totaling around 12,491 square meters. These plots, located along the Mumbai Metro Line 3 route, could be developed through joint ventures, public-private partnerships (PPPs), or direct sales. The program is consistent with MMRCL's objective to optimize land usage and produce revenue for metro construction. Previously, MMRCL sought to auction a 4.2-acre site in Nariman Point, but the offer was withdrawn due to the Reserve Bank of India's (RBI) interest in purchasing the land. Financial bids for the next effort are anticipated this week, with advisors overseeing the process to guarantee the best use of these sites.Read more