Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Location : Mumbai

Supreme Court directs son to return Mumbai properties to 80-year-old father

The Supreme Court has directed a man to vacate two properties in Mumbai and hand them back to his 80-year-old father. The order was passed after the son was found preventing his father and mother, aged 78, from residing in their own homes. A tribunal had earlier ruled in favour of the parents, ordering eviction of the son and a monthly maintenance of INR 3,000. While the Bombay High Court had later overturned this decision, the apex court had restored the tribunal's order, confirming that such authorities are empowered under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007 to ensure the rights and welfare of senior citizens.Read more

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Navi Mumbai International Airport arranges housing for staff through Wadhwa Group partnership

Navi Mumbai International Airport (NMIAL) has secured accommodation for its personnel by entering into an agreement with Wadhwa Group to take 405 ready-to-move-in flats at Panvel in the Mumbai Metropolitan Region. The arrangement, made under a leave and licence agreement, ensures residential facilities for employees and their families as the airport prepares for inauguration in the coming weeks. The move reflects growing housing demand in the region ahead of the airport's operational launch.Read more

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Navi Mumbai Airport authorities take 405 flats in Panvel for staff and families

Navi Mumbai International Airport has taken 405 flats in Panvel from the Wadhwa Group for airport staff and their families. These ready-to-move-in units in Wadhwa Wise City will be available on a leave-and-license basis starting October 2025, ahead of the airport's expected inauguration next month. The arrangement allows temporary occupation without transferring ownership. With rising demand for apartments, bungalows, and plots in the area, the partnership addresses staff accommodation needs and reflects how major infrastructure projects can stimulate residential growth in Panvel and surrounding parts of the Mumbai Metropolitan Region.Read more

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Taj Bandstand project receives approval to begin construction in Mumbai

Indian Hotels Company Limited (IHCL), part of the Tata Group, announced during the past week that it had secured all necessary approvals to begin construction of the Taj Bandstand project in Bandra, Mumbai. The development, worth INR 2,500 crore, will be built on a two-acre parcel of land held under lease by its subsidiary, ELEL Hotels and Investment Limited. The project is planned to feature 330 rooms and 85 apartments, designed to enhance the city's luxury hospitality offering.Read more

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Cabinet approves redevelopment of 4,973 MHADA flats in SVP Nagar, Andheri West

The Maharashtra government has approved redevelopment of 4,973 flats in SVP Nagar colony in Andheri West under MHADA, spread over 498 plots. MHADA will redevelop 98 housing societies built in 1993 under a World Bank scheme. Seven societies have already been fully redeveloped and three are under construction. The remaining 82 societies, housing about 2,666 families, will come under the plan. The project will follow BMC's rules and include modern amenities, improved housing space, and upgraded infrastructure to enhance living standards.Read more

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Maha Mumbai Metro restores services after technical snag

Maha Mumbai Metro faced a brief technical issue during the trial run of Metro Line 9 near Dahisar (East) earlier this week, which temporarily halted operations. To ensure passenger convenience, services were promptly restored with loop and short loop operations introduced. While minor delays occurred, trains continued running across key stretches. The technical team addressed the glitch swiftly, and services are now fully operational with a renewed emphasis on safety and reliability.Read more

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Mahindra Lifespaces to take up redevelopment of two housing societies in Chembur, Mumbai

Mahindra Lifespace Developers Ltd (MLDL), part of the Mahindra Group, has been chosen to execute two society redevelopment projects in Chembur, Mumbai, with a combined gross development potential of nearly INR 1,700 crore. Covering 2.6 and 1.8 acres in the Diamond Garden locality, the projects will deliver modern, sustainable homes with upgraded community amenities. MLDL's Chief Business Officer, Vimalendra Singh, said redevelopment is central to the company's growth strategy in high-demand areas. Well-connected to Navi Mumbai, Thane, BKC, and Powai, the sites benefit from the upcoming Diamond Garden Metro Station and improved infrastructure, positioning them strongly within Mumbai's evolving real estate market.Read more

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Centre clears salt pan land for Dahisar-Bhayandar Link Road project

The Union government has leased 53.17 acres of salt pan land to the Brihanmumbai Municipal Corporation (BMC) on a 99-year lease worth INR 12.9 crore for the Dahisar-Bhayandar Link Road (DBLR). This 5 km elevated stretch, running from Dahisar West to Bhayandar West, will close a critical connectivity gap between Nariman Point and Mira Bhayandar. Larsen & Toubro secured the INR 3,304 crore construction contract, and the project is expected to be completed within three years, significantly easing traffic and shortening commute times.Read more

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Nirmiti Seasons

Mumbai City, India

Nirmiti Seasons in Mulund East, Mumbai, is an upcoming residential project offering 1 and 2 BHK apartments ranging from 405 to 636 sq. ft. Developed by Nirmiti Enterprises, the project is expected to be ready for possession by December 2028.

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IHCL invests over INR 100 crore in subsidiary to advance Taj Bandstand project

IHCL has invested over INR 100 crore to acquire more than 2 lakh shares of its wholly-owned subsidiary, ELEL Hotels and Investment Limited, through a rights issue. ELEL Hotels holds the leasehold rights for the Bandstand, Bandra site, where IHCL plans to develop the INR 2,500-crore Taj Bandstand project with 330 hotel rooms and 85 apartments. This investment follows an earlier rights issue in July, when IHCL acquired over 3.3 lakh shares for INR 165 crore, highlighting the company's steady commitment to completing the high-profile luxury project in Mumbai.Read more

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Bhendi Bazaar redevelopment sets benchmark for inner-city renewal in India

The Bhendi Bazaar Redevelopment Project in Mumbai, driven by the Saifee Burhani Upliftment Trust (SBUT), is being recognised as one of India's most ambitious cluster redevelopment initiatives. Spread across 16.5 acres, it is replacing over 250 unsafe buildings with modern, sustainable towers while preserving the area's cultural and commercial character. More than 25,000 residents, most of them tenants, are being resettled as homeowners in well-planned apartments with improved amenities. The transformation extends to wider roads, green podiums, parking for thousands of vehicles, and sustainable features such as rooftop solar energy and native tree plantations.Read more

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Mumbai Metro Lines 4 and 4A to boost Mumbai-Thane connectivity with six interchanges

The trial run for the first phase of Metro Lines 4 and 4A in Thane was successfully conducted, with officials projecting a significant reduction in travel time across the Mumbai Metropolitan Region. The project is expected to benefit approximately 22 lakh daily commuters, reducing travel time by 50 to 75 percent. The total investment for the project is estimated at INR 16,000 crore. Once completed, the 35.20 km Metro Lines 4 and 4A will connect Wadala, Ghatkopar, and Mulund in Mumbai to Kasarvadavali and Gaimukh in Thane. The project aims to address the growing demand for efficient public transportation in the region.Read more

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Mumbai court issues summons in Patra Chawl money laundering case

A special court in Mumbai has issued summonses to Prathamesh Developers, its partner Pravin Raut, and Jitendra Mehta of Mehta Developers in connection with the Patra Chawl redevelopment project. The Enforcement Directorate (ED) has charged the accused with money laundering, alleging they diverted funds and sold Floor Space Index (FSI) rights, instead of constructing flats for the tenants. The case involves financial irregularities in the redevelopment of the 47-acre Patra Chawl in Goregaon, which was intended to provide homes to 672 tenant families.Read more

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Mumbai redevelopment projects reshape city with modern towers and safer homes

Mumbai is witnessing one of its largest urban transformations, with redevelopment emerging as a central force behind the city's housing supply. Old cessed buildings and ageing societies are being replaced by modern high-rises that offer safety, sustainability, and lifestyle upgrades. Policy incentives, developer interest, and strong demand are driving projects across South Mumbai, Central areas, and the suburbs, despite regulatory hurdles, rising costs, and civic pressures. Experts underline that transparency, discipline, and timely execution are key to building trust and unlocking value.Read more

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New Konkan CHS

Mumbai City, India

New Konkan CHS in Andheri East, Mumbai, is an under-construction residential project offering 1 RK, 2, and 3 BHK apartments ranging from 179 to 966 sq. ft. The project is expected to be ready for possession by December 2027.

View Website | Visit RERA website

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Apple boosts Mumbai presence with 37,500 sq ft office space at Maker Maxity

Apple India has renewed its lease for multiple office floors at Maker Maxity in Mumbai's Bandra-Kurla Complex, while also acquiring additional space. The combined lease now spans five floors, totaling 37,549 square feet. The agreement includes a 4% annual rent escalation and a five-year lock-in period for the newly leased 10th floor and terrace area. This expansion reflects Apple's growing presence in India, aligning with its broader strategy to strengthen both retail and corporate operations across the country.Read more

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House of Abhinandan Lodha invests INR 200 crore in affordable housing in Mumbai

House of Abhinandan Lodha (HoABL) has committed INR 200 crore to an affordable housing project in Naigaon, Mumbai, in collaboration with Mittal Builders. The 12-acre development will be executed in two phases over five years, aiming to deliver approximately 1.4 million square feet of residential space. Additionally, HoABL plans to expand its affordable housing initiatives by identifying seven more sites across the Mumbai Metropolitan Region, including one near the upcoming Navi Mumbai International Airport. These projects will be joint ventures with landowners, targeting a combined development potential of over 2 million square feet.Read more

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BMC plans 4.2 km flyover on LBS Marg to ease Kurla-Ghatkopar traffic

The Brihanmumbai Municipal Corporation (BMC) is planning to construct a 4.2 km flyover along LBS Marg, extending from Kalpana Talkies in Kurla West to Pankhe Shah Baba Dargah in Ghatkopar West. This initiative aims to alleviate persistent traffic congestion at major junctions such as Andheri-Ghatkopar Link Road, Ghatkopar Station Road, and Sant Narsi Mehta Road. The Veermata Jijabai Technological Institute (VJTI) is tasked with designing the flyover, considering existing infrastructure like the MRIDC bridge and the Metro line. The project is currently in the planning phase.Read more

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NAREDCO's Homethon Property Expo set to open at Jio World, Mumbai this weekend

NAREDCO Maharashtra has announced the fourth edition of the Homethon Property Expo, scheduled to be held later this week at the Jio World Convention Centre, BKC, Mumbai. With more than 50,000 registrations already recorded, the event is expected to see unprecedented participation. Featuring a newly introduced mascot, over 1,000 projects, exclusive financing schemes, and the concurrent Real Estate Forum, the expo is positioned as a key platform for developers, policymakers, and buyers alike.Read more

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MMRDA fines contractor INR 1 crore, orders urgent repairs on Atal Setu

The Mumbai Metropolitan Region Development Authority (MMRDA), under the supervision of Metropolitan Commissioner Dr Sanjay Mukherjee, carried out a detailed inspection of the Atal Setu earlier this week. Officials observed minor surface distress along a two-kilometre stretch on the Navi Mumbai-bound carriageway, attributed to heavy monsoon conditions and continuous traffic load. The contractor has been instructed to repair the patchwork within five days, alongside strict enforcement actions including financial penalties and an extended defect liability period.Read more

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