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 Previously, MMRCL sought to auction a 4.2-acre site in Nariman Point, but the offer was withdrawn due to the Reserve Bank of India's (RBI) interest in purchasing the land.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

The Bombay High Court recently inquired whether the state government had disbursed INR 3.12 lakh in compensation to a landowner for property acquired by the Brihanmumbai Municipal Corporation (BMC) for road widening in Mulund. The matter stemmed from a petition based on a letter by 96-year-old Laxmi Adhav, who sought enforcement of the court's directives from a judgment issued in September 2005. While BMC claimed compliance, Adhav contended that her land was acquired in three phases-1957, 1968, and 1972. However, the court found no records supporting the 1957 claim. Compensation directives were issued for portions acquired in 1968 and 1972.Read more

The Supreme Court has dismissed an appeal filed by residents against the Slum Rehabilitation Authority (SRA) notice, thereby clearing the path for the redevelopment of the Bharat Nagar slum in Bandra (East). The SRA had surveyed 2,965 slum structures, finding 2,625 eligible for rehabilitation. The appellants had contested the redevelopment, claiming the plot fell under Maharashtra Housing and Area Development Authority (MHADA) jurisdiction, but their plea was repeatedly dismissed at various levels. The Supreme Court upheld the earlier decisions, noting that the appellants were merely transit tenants, and ruled that the appeals lacked merit. It was also observed that a majority of eligible slum dwellers had already agreed to the redevelopment, making the project legally and procedurally valid.Read more

In a significant move towards gender equality and financial security for women, the Slum Rehabilitation Authority (SRA), Brihanmumbai, has issued a circular mandating the inclusion of both husband and wife's names in Annexure-II of the Slum Rehabilitation Scheme. This directive, based on the Maharashtra Slum Areas (Improvement, Clearance, and Redevelopment) Act, 1971, aims to ensure joint ownership of homes allotted under the scheme, benefiting numerous slum dwellers. The circular highlights the importance of joint property registration to safeguard women's rights, especially in cases of marital disputes or the demise of a spouse. Authorities have been instructed to implement the circular promptly to ensure compliance across rehabilitation societies.Read more

Mumbai Indians captain Rohit Sharma has rented out his 1,298 sq. ft. luxury apartment in Lodha Marquise, Lower Parel, for INR 2.6 lakh per month. The flat, co-owned with his father, was purchased in 2013 for INR 5.46 crore. A second unit in the same complex was leased in October 2024 for INR 2.65 lakh monthly. Rohit also owns a 6,000 sq. ft. apartment in Ahuja Towers, Worli, worth INR 30 crore. Lower Parel and Worli remain prime real estate markets due to their connectivity and high rental yields, making them attractive for luxury investors and tenants alike.Read more

The Slum Rehabilitation Authority (SRA) is inviting consultants to submit sealed bids for a structural assessment and repair monitoring of a G+16 rehabilitation building in Vikhroli, Mumbai. The project includes adding three more floors, an overhead water tank, and a lift machine room. The selected consultant will conduct visual inspections, non-destructive tests, and provide a detailed repair report. Bids must be submitted by the deadline, with results announced the same day. The consultant must complete the work within 30 days while ensuring safety and quality standards. The project aims to enhance the building's structural integrity and compliance with regulations.Read more

The Dharavi Redevelopment Project has commenced with construction on Matunga West railway land, aiming to rehabilitate thousands. Navbharat Mega Developers Pvt Ltd is building railway offices and staff quarters, alongside future tenements for Dharavi residents and others. The project has secured significant land parcels, including railway and dairy land, with plans to utilize salt pan and Deonar dumping ground land. A master plan by Hafeez Contractor will integrate residential, commercial, and industrial spaces, resettling approximately 0.7 million residents. Despite challenges, the project, a joint venture between the Maharashtra government and the Adani Group, seeks to transform Dharavi.Read more

Former Kotak Mahindra Bank CEO Uday Kotak has made Mumbai's most expensive real estate purchase, acquiring Shiv Sagar at Worli Sea Face for INR 202 crore at a record-breaking INR 2.71 lakh per sq ft. The 7,418 sq ft property surpasses previous highs on Altamount Road (INR 2.25 lakh per sq ft) and Bhulabhai Desai Road (INR 2.09 lakh per sq ft). This marks another major acquisition for the Kotak family, who previously bought Champagne House next door. Mumbai's luxury real estate sector continues to thrive, with ultra-high-net-worth individuals driving record-breaking transactions despite rising costs.Read more

Saifee Burhani Upliftment Trust (SBUT)

Bhendi Bazaar, a historic South Mumbai neighbourhood, is undergoing a large-scale redevelopment by the Saifee Burhani Upliftment Trust (SBUT) to address infrastructure challenges while preserving its cultural and economic essence. The project, one of India's largest cluster redevelopments, aims to replace dilapidated structures with modern residential and commercial complexes featuring improved sanitation, ventilation, and open spaces. Additionally, sustainable urban design elements such as rainwater harvesting and energy-efficient systems have been integrated. The initiative ensures that small businesses thrive by providing upgraded commercial spaces, maintaining market accessibility, and enhancing pedestrian infrastructure. By prioritising community engagement and cultural preservation, SBUT's transformation of Bhendi Bazaar serves as a model for structured, inclusive urban renewal.Read more

Arun Nair

The Mumbai Metropolitan Region Slum Rehabilitation Authority (MMR SRA), established in 2020, aims to eliminate slums and improve living conditions in areas outside BMC limits, including Vasai-Virar. Under the scheme, eligible residents will receive 300 sq. ft. free housing with modern amenities. However, low awareness has led to underutilization in Vasai-Virar. A recent workshop by MMR SRA and VVMC informed citizens, developers, and officials about the scheme. Additionally, VVMC is clearing unauthorized structures and planning cluster developments at 40 identified sites. These initiatives are expected to transform Vasai-Virar into a slum-free, well-planned urban zone.Read more

Mumbai's real estate market recorded 11,541 property registrations in February 2025 that yielded INR 896 crore in stamp duty revenue. The monthly registrations indicated a 4% increase from January, despite a slight decline compared to the previous year. Residential transactions, particularly in the premium segment, accounted for 80% of the transactions. The demand for properties below INR 50 lakh fell by 19%. Market preferences shifted towards larger apartments. Central Suburbs saw the largest growth in market share from 29% to 33%. Industry leaders expressed confidence in sustained growth driven by government initiatives and market stability.Read more

Navi Mumbai Municipal Transport (NMMT) is set to modernize its fleet by replacing diesel buses with electric and CNG vehicles, backed by a INR 270 crore budget allocation. Currently operating 255 electric buses, NMMT plans to add 140 more next year. Charging stations and CNG refueling points will be installed through PPP and EPC models. The upgrade includes an Intelligent Transport Management System (ITMS) for improved scheduling, tracking, and mobile ticketing. Expanding routes and leasing a commercial complex in Vashi will boost revenue. This initiative aligns with sustainability goals, enhancing public transport efficiency in the Mumbai Metropolitan Region.Read more

The Goregaon-Mulund Link Road (GMLR) is a key infrastructure project aimed at improving east-west connectivity in Mumbai. Spanning 12.2 km and costing INR 10,100-14,000 crore, the project is set for completion by 2028, reducing travel time between Goregaon and Mulund from 75-90 minutes to just 15-25 minutes. Featuring twin tunnels and advanced Tunnel Boring Machines (TBMs), GMLR will enhance connectivity while minimizing environmental impact. Real estate experts predict a rise in property demand in Mulund and surrounding areas, driven by improved accessibility to business hubs in the western suburbs. The project is expected to boost Mumbai's urban development.Read more

The construction of Mumbai Metro 7A, intended to link Gundavali with Chhatrapati Shivaji Maharaj International Airport, has been halted due to a breach of the Airport Authority of India's (AAI) air funnel zone regulations. The Mumbai Metropolitan Region Development Authority (MMRDA) has since sought a revised clearance from AAI to recommence work. The 3.42-kilometre-long corridor, featuring both elevated and underground sections, is being built by J Kumar Infraprojects Ltd, with consultancy provided by Systra MVA Consulting. AAI had initially approved construction with a height restriction 2.9 metres lower than the project's specifications. MMRDA has requested AAI to reconsider, arguing that adjusting the metro line's height is technically unfeasible.Read more

The construction of two flyovers near Mahalaxmi Railway Station, approved five years ago, is still ongoing. The Brihanmumbai Municipal Corporation (BMC) has directed an expedited schedule, aiming for completion by October 31, 2026, even during the monsoon. The INR 497 crore project includes an 803-meter cable-stayed bridge on Keshavrao Khadye Road and a 639-meter flyover on Dr. E. Moses Road. These flyovers aim to ease congestion on the 100-year-old Mahalaxmi bridge. Challenges, including encroachments and railway permissions, have delayed progress. Once completed, the project will improve connectivity between Mahalaxmi, Worli, and Haji Ali, reducing traffic congestion significantly.Read more

Shah Rukh Khan and his family are set to temporarily move to a luxury apartment in Bandra's Pali Hill as their iconic home, Mannat, undergoes a major two-year renovation. The Grade III heritage bungalow requires special approvals for structural modifications. Khan has leased four floors in Puja Casa, owned by producer Vashu Bhagnani's family, at INR 24 lakh per month. The move highlights the growing demand for luxury rentals in Mumbai, especially among celebrities and high-net-worth individuals. With Mannat's makeover in progress, speculation arises on whether the Khans will extend their stay beyond the initial lease period.Read more