Prestige Estates Projects Ltd has launched Prestige Garden Trails in Mumbai, aiming for INR 2,000 crore in revenue. Spread across 5.2 acres, the project includes 1,324 units with a total carpet area of 10 lakh sq ft. Following its recent Ghaziabad launch worth INR 2,200 crore, the company continues its expansion strategy amid high demand for quality housing. With over 300 projects completed since 1986 and record sales in the first half of the fiscal year, Prestige demonstrates strong growth and sustained focus on India's residential real estate market.Read more

The Brihanmumbai Municipal Corporation (BMC) has proposed demolishing a 100-metre bridge over an inlet of the Poisar River in Gorai, a western suburb of Mumbai. This bridge serves as the sole direct link between Lower and Upper Koliwada, areas predominantly inhabited by traditional Koli communities. While the BMC cites structural issues and the bridge's location within the Coastal Regulation Zone as reasons for the demolition, residents are concerned about increased inaccessibility, especially during high tides. The BMC plans to construct a new bridge at an estimated cost of INR 4 crore, featuring improved infrastructure.Read more

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive against unauthorised construction in the Ghansoli division earlier this week. Despite prior notices served by the encroachment department, the concerned property owner had ignored the warnings and continued illegal construction work. Acting under the directives of Commissioner Dr Kailas Shinde, the NMMC team, supported by senior officials, executed the clearance operation with police assistance. The civic body confirmed that similar actions would continue across other areas as well.Read more

Mumbai's property market recorded its best-ever September performance as home registrations surged and stamp duty collections grew sharply, defying the typical slowdown during the Shraddh period. Data from Knight Frank India revealed a notable rise in both property registrations and revenue, driven by the early onset of the festive season, stable demand, and steady buyer confidence across residential segments. Developers and industry experts noted that the market's strength reflected the city's resilience and sustained end-user interest.Read more

Vascon Engineers has received a redevelopment contract worth INR 161 crore from MSEB Holding Company Ltd for the Saudamini Building project in Mumbai's Mahalaxmi area. The work, expected to be completed within 36 months from commencement, marks a key addition to Vascon's redevelopment portfolio in the city. The company said its ongoing and upcoming projects in Mumbai's Santacruz, Powai, and nearby markets together span about 0.4 million sq ft, valued at around INR 1,050 crore, and are projected to contribute half of its overall real estate portfolio by FY27.Read more

Dharma Productions has leased a 5,500 sq. ft. office in Andheri West, Mumbai, for a four-year term at INR 15 lakh per month, with a 5% yearly escalation totaling approximately INR 7.75 crore. The lease also includes a security deposit of INR 1 crore and registration costs. Located in the premium Signature building, Andheri West's connectivity to key business districts and the airport makes it a preferred commercial hub. This move follows Karan Johar's earlier rental in Pali Hill and the 2024 sale of a 50% stake in Dharma Productions.Read more

The State Bank of India (SBI) is set to acquire 200 ready-to-move-in two-bedroom apartments across the Mumbai Metropolitan Region for its employees, in a bulk deal valued at around INR 294 crore, excluding taxes. The bank has invited developers to submit proposals for units in central suburbs, western suburbs, the Thane-Kalyan belt, and Navi Mumbai from Kharghar to Panvel. Each apartment must have a MahaRERA-approved carpet area of approximately 55.74 sq. m. and be less than five years old. The purchase will also include 400 parking slots.Read more

CIDCO is preparing to finalize the master plan for the 667-acre Navi Mumbai Aerocity, located next to the upcoming international airport. The development will feature residential, commercial, retail, mixed-use, and industrial zones. Complementary projects, including Educity, Medicity, and an International Corporate Park, aim to create an integrated ecosystem for education, healthcare, and global business. These developments are expected to drive residential and commercial demand, particularly in mid- and premium-segment housing, and reinforce Navi Mumbai's position as a growing hub for investment, employment, and urban expansion.Read more

Lodha Developers reported a 7% year-on-year increase in pre-sales, reaching INR 4,570 crore for the July-September quarter, reflecting strong market demand. Collections rose 13% to INR 3,480 crore, showing robust cash flow. For the first half of the financial year, pre-sales reached INR 9,020 crore, up 8%, while collections increased 10% to INR 6,360 crore. The company added a new project in the Mumbai Metropolitan Region valued at INR 2,300 crore, helping it achieve its full-year guidance of INR 25,000 crore ahead of schedule. Net debt remained at INR 5,370 crore.Read more

Ashishkumar Chauhan, Managing Director and CEO of the National Stock Exchange, has invested in a 1,900 sq ft luxury apartment in Mumbai's premium Lodha World Towers in Worli. The apartment, purchased for around INR 10 crore, includes three car parking spaces and has a registered value of INR 9.93 crore. Chauhan acquired the property from Lodha Developers, and the transaction was officially registered earlier this week. His annual remuneration at NSE is INR 12.09 crore, reflecting his financial capacity for luxury real estate investments in the city.Read more

The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced the 'Mumbai One' app, India's first common mobility application integrating 11 public transport operators, including suburban railways, metro, monorail, and buses. The app enables commuters to travel across multiple transport modes using a single QR-based digital ticket. Offering features like real-time route updates, a journey planner, nearby station and attraction guides, and safety functions such as SOS and location sharing, the app promotes cashless, paperless travel. The initiative supports the Digital India vision and aims to simplify commuting across Mumbai.Read more

Mumbai's first fully underground metro corridor, Metro Line 3 (Aqua Line), is now fully operational, connecting Cuffe Parade in south Mumbai to Aarey JVLR in Goregaon. The final stretch from Acharya Atre Chowk to Cuffe Parade adds 11 underground stations and strengthens access to heritage areas, business districts, and government hubs. Developed by MMRCL with funding from the Government of India and JICA, the line will serve 13 lakh commuters daily, reduce suburban railway load by 15%, save 3.54 lakh litres of fuel per day, cut vehicular trips, and improve overall urban mobility across the Mumbai Metropolitan Region.Read more

In a landmark move for India's real estate sector, CREDAI-MCHI, under the leadership of President Sukhraj Nahar, has hosted the Real Estate Leaders' Convergence - a first-of-its-kind event uniting major industry bodies like NAREDCO, BDA, and PEATA. The initiative aims to foster unity, streamline regulations, and enhance Ease of Doing Business across Mumbai's real estate ecosystem. A Joint Task Force will coordinate reforms, push for faster approvals, and ensure transparency through digitization. Key discussions focused on coordinated planning among agencies and restructuring premium payments for better cash flow. The convergence marks a new era of collaborative leadership, policy alignment, and sustainable growth for the MMR's real estate sector.Read more

IHCL has launched Gulab Haveli, Mandawa - IHCL SeleQtions, a 17-room heritage property in Rajasthan that retains its 19th-century architectural essence. The restoration incorporates frescoes, low doorways, arches, and a central courtyard. The hotel offers a dining venue inspired by the Silk Route (Resham), a relaxed bar (Amal), a rooftop pool, and a Hammam Spa. IHCL frames the new property as an effort to preserve India's cultural heritage while providing modern hospitality, aligning with Mandawa's legacy of art and historic architecture.Read more

As Mumbai prepares for the full commissioning of Metro Line 3 - the 33.5 km underground "Aqua Line" - its impact on the city's real estate landscape is already profound. Connecting Aarey Colony to Cuffe Parade, the line will seamlessly link South Mumbai with key business districts and suburban hubs. Developers and experts note rising demand for well-connected homes offering modern amenities and convenience. The combined effect of Metro Line 3 and Dharavi Redevelopment is expected to boost property values in BKC, Mahim, and Sion. While challenges like last-mile connectivity and affordability remain, Metro Line 3 is set to redefine urban living and investment in Mumbai.Read more

The Navi Mumbai International Airport (NMIA), set to be inaugurated by PM Modi on October 8, 2025, marks a defining moment in India's infrastructure journey. Developed by Adani Airports and CIDCO, NMIA will boost connectivity, ease congestion at Mumbai Airport, and drive economic and real estate growth across Panvel, Ulwe, Taloja, and beyond. Supported by projects like the Atal Setu, the Alibaug-Virar Multimodal Corridor, and the new metro and rail links, the region is transforming into a high-potential investment hub. Experts expect property prices to rise 20-25% in key micro-markets, cementing Navi Mumbai's position as India's next major urban and real estate powerhouse.Read more

Maharashtra has approved land in Igatpuri, Nashik district, to build a new film city modeled on Mumbai's Goregaon Dadasaheb Phalke Chitranagri. The project will feature indoor studios, outdoor sets, and other facilities for movies and television production. Land transfer proposals and feasibility studies have been completed, with KPMG appointed to assess financial viability. The government aims to make the project a hub for the Indian film industry while boosting tourism. An amusement park may also be included to attract more visitors and support the local economy.Read more

Navi Mumbai International Airport, soon to be inaugurated by Prime Minister Narendra Modi, is expected to significantly enhance India's aviation infrastructure. Developed in phases with a total investment exceeding INR 19,500 crore, the first phase can handle 20 million passengers annually, with plans to expand capacity to 90 million across four terminals. Adani Group, holding 74% stake, aims to make the airport both a passenger and cargo hub, enabling direct international flights to Europe and the US. The project also includes India's largest MRO facility and a cargo capacity of 3.8 million metric tonnes.Read more

The Brihanmumbai Municipal Corporation (BMC) has approved the construction of two 40-foot clock towers in Andheri West - one near Infinity Mall on Link Road and another close to the Andheri Sports Complex on Veera Desai Road - with a total budget of INR 1 crore. Each tower, costing INR 50 lakh, will feature fountains, landscaping, seating spaces, and decorative lighting, with completion targeted in six months. Officials said the project aims to beautify the area and create new local landmarks, though civic experts questioned its relevance given Mumbai's pressing infrastructure issues. Separately, the BMC is finalizing plans to relocate an illegal fish market from Dadar's Senapati Bapat Marg to Loop Road in Wadala following resident complaints about congestion and hygiene.Read more

Manglam Group has launched a redevelopment project, Manglam Rajanigandha, in Borivali (West), Mumbai, investing INR 100 crore on 80,000 sq ft of land. Developed through Manglam & Karnani Ventures LLP, the project is expected to generate INR 150 crore in revenue. It will offer 80 apartments, with half allocated to existing residents and half for sale. Founded in 1997, Manglam Group has delivered over 35,000 homes and operates in the hospitality sector. The project is planned for completion by mid-2026, marking the company's strategic entry into Mumbai's redevelopment sector.Read more