Navi Mumbai Municipal Corporation (NMMC) currently operates seven sewage treatment plants utilising advanced Sequencing Batch Reactor (SBR) technology. To optimize the use of treated wastewater, tertiary treatment plants equipped with Ultra Filtration and Ultraviolet-Based Technology have been established at Koparkhairane and Airoli under the Central Government's Amrut Mission. The recycled water, post-tertiary treatment, is supplied to industries in the TTC Industrial Area for non-potable use. With redevelopment projects underway and declining rainfall leading to a drinking water shortage, the municipal corporation has mandated that developers utilise tertiary treated recycled water for approved construction projects to ensure efficient water management.Read more

Anamudi Real Estates LLP, linked to the Godrej family, has acquired a prime 560 sqm plot in Mumbai's upscale Juhu for INR 80.83 crore. The purchase, recorded in February 2025, highlights the area's continued demand among high-net-worth individuals and investors. The deal included a INR 4.85 crore stamp duty and INR 30,000 registration fee. Juhu's real estate market saw 175 transactions worth INR 1,346 crore in 2024, with an average property price of INR 72,166 per sq. ft. This acquisition underscores the Godrej family's growing presence in Mumbai's luxury real estate segment.Read more

With the Brihanmumbai Municipal Corporation (BMC) planning to involve private entities in the development and maintenance of open spaces along the Mumbai Coastal Road Project (MCRP), citizens have urged the civic body to establish a dense, native tree forest on a 70-hectare land parcel near the arterial road. The 7.5-km-long promenade is expected to open by May 2025, but development on the landward side is yet to commence. In response, Save Our Coast Mumbai has initiated an online petition, which has garnered over 13,500 signatures, calling for ecological zoning, transparent public consultation, and the integration of the Mumbai Climate Action Plan (MCAP) to enhance air quality and climate resilience. Citizens advocate for a zoning strategy that includes a dense forest for residential protection, a green public area, and walking trails with medicinal and fruit-bearing trees.Read more

The NAREDCO NextGen Conclave 2025, held in Mumbai, showcased key developments in the real estate sector, with a focus on MSRTC's land bank development, regulatory reforms, and industry trends. Shri Pratap Sarnaik, Honourable Minister of Transport, Maharashtra, announced plans to fast-track the development of MSRTC bus depots, encouraging developers to participate in the initiative. The event also marked the launch of NAREDCO NextGen's 'Digital Learning Hub' for real estate professionals. Discussions revolved around financial innovations, urban development, and the transformative impact of AI, alongside insights from industry leaders on sustainable growth and regulatory changes. The conclave concluded with the announcement of the upcoming NAREDCO Maharashtra Annual Members Meet 2025 in Goa.Read more

Actress Gauhar Khan has recently invested in three properties within Shiv Kutir Co-operative Housing Society, Versova, Mumbai, for a total of INR 10.13 crore. One apartment, purchased solely in her name, cost INR 2.80 crore, while two others were jointly acquired with her husband, Zaid Darbar, for INR 7.33 crore. The deals, registered earlier this month, offer a combined carpet area of 3,498 sq ft with provisions for three parking spaces. Versova has historically been a popular residential choice among Bollywood celebrities. These transactions incurred a total stamp duty of INR 57.95 lakh and registration charges of INR 60,000, reflecting Mumbai's thriving premium real estate market.Read more

Arun Nair

The Brihanmumbai Municipal Corporation (BMC) has proposed a INR 74,427.41 crore budget for 2025-26, marking a 14% increase from the previous year. With infrastructure at its core, the budget allocates significant funds to projects like the Coastal Road, Goregaon-Mulund Link Road, and major bridge reconstructions. Revenue generation strategies include land monetisation, increased FSI premiums, and enhanced property tax collections. Financial discipline remains a priority, with digitisation and PPP models for asset management. Additionally, pedestrian-friendly initiatives, parking solutions, and urban transformation projects like the 'Mumbai Eye' are key highlights, reinforcing BMC's vision for a sustainable and connected city.Read more

Arun Nair

The Brihanmumbai Municipal Corporation (BMC) is considering converting an unused cycling track along Flank Road into a Pay and Park facility to address traffic congestion near Shanmukhananda Hall, Sion. With 2,700+ attendees per event, the hall generates parking demand for 300 cars, leading to illegal parking, safety hazards, and resident complaints. BMC's multi-level robotic parking projects in Mumbadevi, Matunga, and Bhulabhai Desai Road have faced technical and public resistance, causing cancellations. As Mumbai's parking crisis worsens, BMC must overcome logistical and financial hurdles to implement sustainable parking solutions for the city's growing urban needs.Read more

The City and Industrial Development Corporation (CIDCO) has entered into four significant Memorandums of Understanding (MoUs) at the World Economic Forum in Davos to propel economic and infrastructural advancements in Navi Mumbai. These agreements include a collaboration with Eruditus to develop an International Educity with an investment of INR 20,000-INR 25,000 crore, expected to generate 20,000 direct jobs. Additionally, BookMyShow is set to establish a large-scale outdoor entertainment arena in Maharashtra with an investment of INR 1,700 crore, creating approximately 500 jobs. Other key MoUs include a INR 25,000 crore data centre project with Panchshil Realty and a INR 1,500 crore logistics park with Welspun World, aiming to boost Maharashtra's digital and logistics sectors.Read more

The Brihanmumbai Municipal Corporation (BMC) has assured that construction on crucial bridges, including Carnac, Vikhroli, and Gokhale, will be completed before the monsoon. Additional Municipal Commissioner (Projects) Abhijeet Bangar stated that all bridges would be opened for traffic within the stipulated timeframe. BMC Chief Bhushan Gagrani reviewed the progress and called for better coordination among departments. The Sion flyover, Gokhale Bridge, and Belasis Bridge are also being prioritised, with specific deadlines set for their completion. Efforts are being made to expedite the removal of obstructions, including abandoned structures and commercial establishments, to ensure timely execution.Read more

Anu Malik and his wife, Anju Malik, have sold two adjoining apartments in Santacruz West, Mumbai, for INR 14.49 crore. Located in Khushi Belmondo, the properties span a total of 233.64 square meters (2,515 square feet) and include two car parking spaces. The deal incurred a stamp duty of INR 86.91 lakh and registration charges of INR 30,000. The sale was officially recorded in February 2025, as per IGR documents. This transaction highlights the ongoing demand for luxury real estate in Mumbai's western suburbs, particularly in Santacruz West, where property prices have seen steady growth. The area's appeal is driven by its connectivity, proximity to business hubs, and increasing investment interest from high-net-worth individuals.Read more

Akshay Kumar and Twinkle Khanna have sold their Worli luxury apartment for INR 80 crore. Located on the 39th floor of the Three Sixty West tower, the 6,830 sq. ft. property includes four car parking spaces. The sale, registered earlier this month, incurred a stamp duty of INR 4.80 crore. Akshay originally bought the apartment in 2015 for INR 27.95 crore before transferring it to Twinkle for INR 32 crore. The transaction highlights the ongoing boom in Mumbai's luxury real estate market, with celebrities and high-net-worth individuals continuing to see high-end properties as both lifestyle assets and lucrative investments.Read more

The Brihanmumbai Municipal Corporation (BMC) plans to impose property tax on commercial establishments in slum areas, aiming to generate INR 350 crore in FY 2025-26. This move is part of a broader strategy to increase revenue, with the total property tax collection target set at INR 5,200 crore. Additionally, the BMC is considering introducing a Solid Waste Management (SWM) user charge after further legal consultation. While the tax aims to fund urban services and infrastructure, it has faced criticism for its potential impact on small businesses. This approach aligns with urban bodies' efforts to expand tax bases amid growing infrastructure demands.Read more

Billionaire Uday Kotak, founder-director of Kotak Mahindra Bank, has made a major real estate investment by purchasing 12 residential units in Mumbai's upscale Worli Sea Face for INR 202 crore. The acquisition, which includes 7,418 sq ft of carpet area in the Shiv Sagar building, is among the most expensive transactions in the city. The deal reflects a growing trend of ultra-high-net-worth individuals (UHNIs) investing in Mumbai's luxury housing market. With all units situated across the ground, first, and second floors, speculation arises about potential redevelopment plans. This purchase further cements Worli's status as a prime location for India's wealthiest, alongside similar high-profile acquisitions in recent years.Read more

HDFC Bank has secured a significant office lease deal in Mumbai's Andheri East, spanning over 4.50 lakh sq ft across seven floors in a commercial tower. The long-term lease, valued at over INR 1,020 crore, includes a clause for rental escalation every 36 months. The agreement commenced last week and provides exclusive access to 227 car parking spaces. Additionally, HDFC Bank is divesting non-core real estate assets, including high-profile properties like HDFC House in South Mumbai, to streamline its portfolio and enhance its financial strength. This move is part of a broader trend in India's growing office space market, driven by economic expansion and rising demand.Read more

MHADA has set a target to construct eight lakh homes in the next five years, focusing on affordable and rental housing, including for mill workers and dabbawalas. Deputy CM Eknath Shinde, speaking at a recent MHADA event in Thane, highlighted the strong public response to the latest housing lottery, with over 31,000 applicants for 2,100 flats and 117 plots. He emphasised the need for policy changes to support workers in Mumbai and stressed transparency in the allocation process. Additionally, the government is encouraging state agencies to take over stalled redevelopment projects in the MMR to ensure their completion.Read more

A public notice regarding the land acquisition for the Sahitya Ratna Annabhau Sathe research and training center has been issued in the Mumbai Suburban District. While the acquisition aims to establish a space dedicated to preserving and promoting Sathe's legacy, concerns over its impact on local communities have emerged. The project also raises questions about the broader implications for urban redevelopment in Mumbai and the social and economic changes that may follow. The public is invited to submit objections or complaints within 30 days.Read more