The Nagpur bench of the Bombay High Court recently ruled that courts cannot compel banks to modify loan agreements or grant one-time settlement (OTS) benefits to borrowers or guarantors. The verdict came after a plea challenging Indian Bank's refusal to extend OTS benefits on a INR 62 crore loan sanctioned in 2011. The court held that granting OTS benefits falls within a bank's commercial judgment and cannot be enforced through judicial intervention. It further stated that borrowers and guarantors are bound by the contracts they willingly entered into.Read more

Maharashtra Metro Rail Corporation Limited (MahaMetro) has started a feasibility study for the 11.5 km Sitabuldi-Koradi metro corridor in Nagpur, part of the city's Phase 3 metro expansion. The study will examine traffic density, commuter movement, corridor alignment, and integration with existing transport systems. The corridor is projected to handle a peak hour peak direction traffic (PHPDT) of 5,600 by 2031, rising to 11,800 by 2054, and daily ridership of 65,000 to 147,000. Financial models, last-mile connectivity, and seamless transfers will also be assessed.Read more

The Bombay High Court has issued an interim order preventing the unauthorized division of a 620-square-foot flat into two separate units in a suburban housing society. The court observed that the structural changes were made without approvals, and the issuance of separate share certificates lacked legal authority. The society had highlighted misuse of office by the flat occupants, who were society office bearers. The ruling safeguards the rights of other members until the next hearing, emphasizing adherence to legal procedures and proper approvals in housing society matters.Read more

Housing Development and Infrastructure Limited (HDIL), once a leading real estate developer, is facing a major financial challenge. The company, along with Ravijyot Finance and Leasing Private Limited and its promoters, owes over INR 2,059.30 crore to Unity Small Finance Bank (USFB), formerly Punjab & Maharashtra Cooperative (PMC) Bank. To recover these dues, USFB plans to auction a 426-acre land parcel in Dahisar West, Mumbai, with a reserve price of INR 1,234.62 crore. Interested bidders need to pay an earnest money deposit of INR 15 crore. The e-auction will accept bids in increments of INR 2 crore. Buyers should note ongoing litigations and clearance requirements that may affect development.Read more

The Brihanmumbai Municipal Corporation (BMC) has received environmental clearance from the Union Ministry of Environment, Forest and Climate Change for a INR 2,395 crore cable-stayed bridge connecting Versova to Madh Island. The project, which was initially envisioned in the 1967 Development Plan, is expected to reduce current commute times from 45-60 minutes to under 10 minutes. The bridge will pass over Marve Creek and mangrove areas, requiring additional approvals from the Bombay High Court. Construction is planned to start by year-end, with a three-year timeline for completion.Read more

The Bombay High Court has directed district collectors in six Konkan region districts to hand over 10,000 hectares of identified mangrove land to the Maharashtra forest department within two months. The order follows a contempt petition by Mumbai-based NGO Vanshakti, highlighting failure to implement a 2018 directive. The court has also set a detailed timeline for identifying, measuring, and transferring the remaining mangrove land. Previously, around 4,000 hectares had been transferred, but over 10,000 hectares remained pending, with some lands yet to be restored for mangrove cultivation.Read more

Marathon Nextgen Realty has partnered with Adani Realty to develop Monte South Commercial, a large-scale office and retail project in Byculla, Mumbai, covering around 1.2 million sq ft with a gross development value of INR 3,400 crore. The project is part of the Monte South campus, which already features four residential towers over 64 storeys totaling more than 1.6 million sq ft of saleable area. The collaboration strengthens Adani Realty's presence in central Mumbai's office market while expanding Marathon's footprint, responding to growing demand for integrated commercial and residential developments.Read more

The Bombay High Court imposed an INR 50 lakh fine on a businessman for leasing a shop in a redeveloped building on MHADA land in Kurla to Jammu & Kashmir Bank without an occupation certificate (OC). The court emphasized that commercial tenants and landlords must ensure statutory compliance, including fire NOC and OC. Chheda was directed to pay the fine to the PM CARES Fund within two weeks. The court also ordered the enforcement of a previous order to vacate the premises and highlighted lapses in due diligence by the bank.Read more

Recently, actor Sonu Sood and his son Eshaan Sood acquired a plot of land in the Shirdon area of Panvel Taluka for INR 1.05 crore. The site spans approximately 0.0650 hectares (777 square yards), and the transaction included stamp duty and registration charges. In a separate purchase, Eshaan also bought an apartment in Andheri West, Mumbai, for INR 2.6 crore earlier in the year, with associated duties and fees duly recorded.Read more

The Mumbai Metropolitan Region Development Authority (MMRDA) has obtained approval to cut 320 trees and transplant 386 for a new infrastructure project along the Vikhroli-Ghatkopar stretch. As compensation, 4,175 new trees will be planted in the area, focusing on native and pollution-resistant species. The project also aims to retain 949 existing trees and preserve 127 Pink Trumpet trees. While MMRDA highlights careful planning and scientific transplantation methods, local residents and environmental groups remain concerned about the ecological impact of cutting mature trees and whether compensatory planting can match their environmental benefits.Read more

Nikhil Nanda, son-in-law of Amitabh Bachchan and Chairman of Escorts Kubota Limited, has bought a luxury apartment in Juhu, Mumbai, for around INR 28 crore. The 3,550 sq ft apartment, part of K Raheja Corp's Maestro project, includes three parking spaces and a terrace, and the sale was executed through his sister Nitasha Nanda. The project, set for completion by the end of 2026, spans 1 lakh sq ft and offers panoramic views of Juhu Aerodrome and the Arabian Sea, catering to high-net-worth individuals and Bollywood personalities.Read more

The Mumbai Metro Rail Corporation (MMRC) has partnered with Cityflo to introduce dedicated feeder bus services for Metro Line 3, enhancing first and last-mile connectivity. The services currently operate from Bandra-Kurla Complex (BKC) and Worli, linking key business and residential hubs such as NSE, Jio Garden, Kamala Mills, and One Indiabulls Centre. Plans are underway to extend routes to Chhatrapati Shivaji Maharaj Terminus (CSMT). Buses run every 10 minutes during peak hours with affordable fares and digital ticketing through Cityflo and MetroConnect3 apps, ensuring smooth, convenient travel for daily commuters.Read more

The Mumbai Metropolitan Region is projected to become a leading global urban economy by 2047, with GDP estimated at USD 1.2-1.5 trillion and population reaching 3.6-3.8 crore. The masterplan prioritizes sustainable and inclusive growth through infrastructure, job creation, and economic diversification. Key projects include metro expansion, ports, highways, financial districts, and urban redevelopment. Employment, especially for youth and women, is expected to rise significantly. Private investments, environmental initiatives, and sectoral reforms are central to achieving targets, positioning MMR alongside global hubs like Tokyo, London, and Singapore.Read more

The Navi Mumbai Municipal Corporation (NMMC), in partnership with Project Mumbai and Mindspace REIT, has launched an innovative Navi Mumbai Plastic and E-Waste Recyclothon; to promote sustainable urban living. The initiative, involving over two lakh citizens across more than 200 locations, focuses on reducing plastic and e-waste through recycling and reuse. It aims to transform collected waste into usable public materials like benches, planters, and school supplies, while fostering behavioural change towards responsible waste management and advancing Navi Mumbai's vision of becoming a model sustainable city.Read more

Realty developer House of Hiranandani has announced its plans to invest about INR 500 crore in a new commercial project located in Andheri East, Mumbai. The company, known for its large-scale residential and commercial developments, has recently acquired a one-acre plot for this purpose. The project will feature a premium-grade commercial tower with a total leasable space of nearly 4 lakh sq ft. With this investment, the company intends to strengthen its foothold in Mumbai's rapidly evolving office market.Read more

The Bombay High Court has clarified that CIDCO's 22.5% developed land return scheme is optional, not mandatory, for landowners. If landowners choose not to participate, CIDCO must follow the due process under the LARR Act, 2013, and the Maharashtra Regional and Town Planning (MRTP) Act, including providing full monetary compensation. The judgment reinforces statutory property rights and fair compensation principles. Experts suggest the ruling could affect land acquisition practices in Navi Mumbai, particularly in projects like the Navi Mumbai Airport Influence Notified Area (NAINA) and Navi Mumbai International Airport (NMIA).Read more

The Bombay High Court recently annulled the Slum Rehabilitation Authority's (SRA) acquisition of NESCO Limited's land in Goregaon (East) for a slum redevelopment project. The court determined that the acquisition violated due process under the Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act, 1971. NESCO had contested the acquisition, asserting its right to redevelop its land and challenging the legality of the proceedings. In a surprising turn, slum dwellers supported NESCO's stance, citing issues with the previous developer.Read more

The Bombay High Court has directed municipal corporations and state authorities to pay compensation for deaths and injuries caused by potholes and open manholes, highlighting citizens' right to safe roads. The court criticized authorities for repeated negligence and emphasized that compensation must be disbursed promptly, with strict accountability for officers and contractors responsible. Committees are to be formed to assess claims and monitor compliance. Compensation ranges from INR 50,000 to INR 6 lakh, with funds recoverable from contractors or, if unavailable, borne by the concerned authorities.Read more

Mumbai is gearing up for a new era in luxury living with the emergence of 'Bandra Bay', a waterfront belt alongside Bandra-Kurla Complex. According to a report unveiled jointly by Lighthouse Luxury and CRE Matrix, the development, estimated at over INR 1 lakh crore, will encompass about 8 million sq. ft. of high-end residential and retail projects. The report highlighted Bandra Bay's potential to rival global icons like Palm Jumeirah and Marina Bay, citing strong infrastructure, limited supply, elite demand, and unmatched connectivity as key growth drivers.Read more

The Brihanmumbai Electric Supply and Transport (BEST) Undertaking has moved to redevelop its Santacruz bus depot and staff quarters by inviting applications to appoint a consultant for obtaining a No Objection Certificate (NOC) from the Airports Authority of India (AAI). The site, spanning over 13,000 sqm, lies within the Juhu airport funnel zone, where building heights are strictly regulated. Citizen groups have expressed concerns that redevelopment could reduce bus parking space and signal privatization, referencing earlier depot handovers at Mahim and Kurla. BEST maintains that the project will comply with all regulatory procedures.Read more