Bollywood legends Amitabh and Abhishek Bachchan have invested INR 24.95 crore in residential properties in Mulund West, Mumbai, within Oberoi Realty's project, Eternia. The acquisition includes ten apartments, totaling 10,216 sq. ft., with Abhishek securing six units for INR 14.77 crore. This investment continues the family's trend of significant real estate transactions, accounting for over 25% of celebrity deals in the Mumbai Metropolitan Region since 2020. In 2024, they have invested over INR 100 crore across various properties. Their portfolio reflects a strategic focus on prime real estate, aligning with the growing demand for luxury housing in Mumbai.Read more

The Brihanmumbai Municipal Corporation (BMC) recently issued stop-work notices to two construction sites in Vile Parle and JB Nagar, Andheri East, for failing to follow air pollution control guidelines. Following residents' complaints, BMC squads found dust and debris violations, with debris falling onto nearby buildings and inadequate dust coverings at the sites. Under BMC's new air pollution guidelines, construction sites over 70 meters must use 35-foot-high metal enclosures and tarpaulin covers during demolition, along with continuous water sprinkling.Read more

The Bombay High Court recently halted a third attempt by the state and BMC to raise building heights in Marine Drive's heritage precinct to 58m. Churchgate residents challenged the 2023 guidelines through a public interest litigation (PIL), arguing that such changes would result in a disjointed and legally unsustainable skyline. The High Court, citing previous rulings and pending Supreme Court appeals, ruled that similar guidelines should not have been issued. The court directed the suspension of the 2023 guidelines, except for the Vasant Sagar project, and requested responses from the state and BMC.Read more

The Bandra Kurla Complex (BKC) coastal road, a 2.2-kilometre signal-free bypass alongside the Mithi River, is expected to open by the end of November, aiming to reduce traffic congestion in Mumbai's business hub. Constructed at a cost of INR 4 crore, this road connects the MTNL junction to the R2 MMRDA ground near the BKC connector bridge. While the road will help ease traffic, entry and exit bottlenecks remain a concern. With BKC experiencing increased traffic due to corporate expansions, the coastal road is a much-needed development. However, ongoing infrastructure projects like Mumbai Metro Line 2B will be crucial for long-term traffic solutions.Read more

Arkade Developers plans to invest approximately INR 570 crore in a new project called Arkade Rare in Bhandup, Mumbai. This follows their acquisition of three acres of land for INR 103 crore in September 2023. The development will consist of seven towers, each 21 stories high, offering 432 residential units in 2BHK and 3BHK configurations, along with 43 commercial units. Amit Jain, chairman of Arkade Developers, emphasized the company's commitment to quality housing in the area, which is gaining popularity among homebuyers seeking better living conditions. The total construction area will be around 725,000 square feet, with an estimated sales value of INR 760 crore, catering to the rising demand for housing in Mumbai's suburbs.Read more

The Bombay High Court has halted a government resolution that sought to reclaim land from the Kandivali Co-op Industrial Estate Ltd, which had been allocated 22 years ago. Challenging the government's October 8 decision, the estate argued it was arbitrary and lacked justification. Senior counsel Aspi Chinoy emphasised that the government could not revoke the December 2002 allocation without a fair hearing. The court's intervention came after the collector began the reclamation process, highlighting the need for procedural fairness and the protection of community rights amid concerns of land misuse.Read more

IIT Bombay is set to invest around INR 2,000 crore over five years to modernise its infrastructure and teaching methods. Following a review highlighting areas for improvement, the institute plans to enhance classroom technologies with a INR 50 crore investment and expand its built-up area by 75%, adding 20 new buildings. Hostel accommodations will increase from 12,000 to 16,000, and vertical growth is planned to maintain green spaces. Funding will come from loans, grants, and other sources. These initiatives aim to improve the educational experience, maintain IIT Bombay's standing as a top institution, and support long-term strategic growth.Read more

The state government has appointed the Mumbai Metropolitan Region Development Authority (MMRDA) as the New Town Development Authority (NTDA) for the proposed 'Third Mumbai,' located around the Navi Mumbai end of the Mumbai Trans Harbour Link (MTHL). The MMRDA is now tasked with preparing planning proposals and development regulations for this 324 sq km area, which includes 124 villages. This strategic move aims to position Third Mumbai as a sustainable greenfield business hub, fostering job creation and economic growth. With smart city amenities and integrated residential areas, this development aligns with the state's commitment to improving urban living and driving economic expansion.Read more

A new bridge will replace the unsafe Irla Nullah structure near the Juhu Vile Parle Development (JVPD) scheme in Mumbai, significantly improving local infrastructure and traffic flow. The Brihanmumbai Municipal Corporation (BMC) is overseeing the INR 10.24 crore project, which will commence after securing a No-Objection Certificate for traffic diversion. Construction will proceed in phases to minimize disruptions, with a timeline of 15 months awarded to M/s Samruddhi Enterprises. The new 22-meter-wide bridge will retain its dimensions and is crucial for the Bandra-Versova section of the Mumbai Coastal Road project. Elevated to prevent flooding, the bridge will enhance connectivity for Moragaon and surrounding areas.Read more

This festive season in Mumbai presents exciting opportunities for homebuyers, with exclusive offers from real estate developers. CCI Projects is promoting premium 2 & 3 BHK residences at Rivali Park with a 10% initial payment and a complimentary iPhone 16. Siddha Sky features a limited Gold Rush offer on October 29, providing a 50-gram gold coin with select residences. Transcon Developers offers a flexible payment scheme at Transcon Triumph, while Group Satellite presents affordable 1 BHK homes at Aarambh Avyaan, complete with a gold coin and modular kitchen. These offers cater to both first-time buyers and investors.Read more

The Navi Mumbai Municipal Corporation has urged businesses and citizens to comply with laws regarding fireworks, emphasizing that the production, sale, or use of fireworks exceeding 125 dB is illegal. The Supreme Court has banned fireworks containing harmful elements like barium and mercury due to their toxic emissions. Citizens can use fireworks only between 7 PM and 10 PM. Educational institutions must promote awareness about the environmental impacts of fireworks. The municipality encourages a firecracker-free, eco-friendly Diwali, promoting alternatives like clay lamps and cloth decorations. For more information, citizens can visit the Navi Mumbai Municipal Corporation's website.Read more

Mumbai's real estate market is thriving this festive season, with a surge in property registrations during Navratri highlighting increased buyer confidence. Demand for luxurious living spaces and ultra-luxury villas is rising, as families seek homes that fit their evolving lifestyles. Infrastructure improvements and attractive loan schemes further boost investment opportunities, making this an ideal time for homeownership.Read more

The plan to transform Mumbai's western sea fronts at Aksa, Madh, and Marve into an entertainment hub faces major challenges despite Chief Minister Eknath Shinde's approval. Issues include land in Madh being designated for the Dharavi Redevelopment Project, opposition from real estate developers, slum rehabilitation concerns, and environmental objections over mangrove destruction. The Mumbai Metropolitan Region Development Authority (MMRDA) envisions a commercial district, amusement park, and housing, but local developers oppose it, fearing impacts on premium sea-view properties. Environmentalists warn that losing mangroves could increase flood risks. With regulatory approvals still pending, the project's future depends on balancing development with environmental and community concerns.Read more