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 : Navi Mumbai

Navi Mumbai civic body undertakes demolition drive against unauthorised construction in Belapur

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in the Belapur division after property owners ignored prior notices regarding unauthorised construction. Acting under the orders of the Additional District Court and following the directives of Commissioner Dr Kailas Shinde, the Encroachment Department, led by Additional Commissioner Dr Rahul Gethe and Deputy Commissioner Dr Kailas Gaikwad, executed the clearance operation with the support of civic and police personnel.Read more

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Navi Mumbai emerges as India's next business hub with airport and MTHL boost

Bhavesh Shah, Joint Managing Director, Today Group

Navi Mumbai is steadily redefining its economic landscape, with the Panvel-Kharghar corridor emerging as the city's new central business district. The inauguration of the Navi Mumbai International Airport (NMIA), along with game-changing infrastructure such as the Mumbai Trans Harbour Link (MTHL) and the proposed International Corporate Park in Kharghar, has transformed this once-peripheral zone into a major commercial and residential hub. Supported by strategic government planning, improved connectivity, and sustainable urban development, the region is poised to rival traditional Mumbai business districts like Bandra-Kurla Complex and Andheri.Read more

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Arnya Real Estate Fund invests INR 415 crore in Bengaluru and Navi Mumbai projects

Earlier this week, Arnya Real Estate Fund Advisors announced a deployment of INR 415 crore in residential projects across Bengaluru and Navi Mumbai. Its assets under management have topped INR 675 crore, and full capital deployment is projected to cross INR 1,200 crore by March next year. The firm has also initiated a residential equity fund via a platform tie-up, targeting a corpus of INR 1,000 crore. These moves emphasise its growing role in backing housing developments across major Indian metros.Read more

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Navi Mumbai Municipal Corporation intensifies action against illegal structures in Airoli

The Navi Mumbai Municipal Corporation (NMMC) conducted a demolition drive against unauthorised huts in the Airoli division following directives from Municipal Commissioner Dr Kailas Shinde. The action, led by Additional Commissioner (2) Dr Rahul Gethe and Deputy Commissioner (Encroachment) Dr Kailas Gaikwad, targeted encroachments near the proposed site of a sewage treatment plant beside NMMC School No. 77 in Yadavnagar. Officials confirmed that such anti-encroachment actions would continue with greater intensity.Read more

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Navi Mumbai Municipal Corporation intensifies crackdown on illegal construction in Ghansoli

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

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CIDCO to finalize master plan for Navi Mumbai Aerocity, boosting real estate demand

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

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Navi Mumbai International Airport to be inaugurated on 8th October - what it means for property prices in Navi Mumbai

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

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Navi Mumbai International Airport set to transform India into a major aviation hub

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

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Navi Mumbai civic body intensifies crackdown on unauthorised construction in Ghansoli

The Navi Mumbai Municipal Corporation (NMMC) undertook a major demolition drive in Ghansoli after notices issued under the Maharashtra Regional and Town Planning Act, 1966 were ignored by the property owner. Officials stated that despite repeated warnings, construction continued without prior permission. The operation, conducted under the directives of senior civic authorities, involved labourers, breakers, and a gas cutter, with police support present at the site. Authorities have confirmed that similar action will be enforced in future against unauthorised structures.Read more

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Navi Mumbai International Airport to be inaugurated on Oct 8

Navi Mumbai International Airport is scheduled to be inaugurated on October 8, following clearance from the DGCA. The airport is being developed in five phases by Navi Mumbai International Airport Ltd, with the Adani Group as the majority stakeholder and CIDCO holding a minority share. Gautam Adani recently visited the site, meeting the workforce that contributed to its construction and acknowledging their efforts. Once fully operational, the airport will accommodate 90 million passengers annually and handle 3.2 million tonnes of cargo, establishing it as a major aviation hub in the Mumbai Metropolitan Region and Asia.Read more

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DGCA grants aerodrome licence to Navi Mumbai airport ahead of operations

Navi Mumbai International Airport has received its aerodrome licence from the Directorate General of Civil Aviation, enabling the project to move towards operational readiness. The licence was issued after the airport met regulatory and safety requirements. Developed by Adani Group and CIDCO in five phases, the airport's first stage is expected to serve 20 million passengers a year and handle 0.5 million metric tons of cargo. With this approval, NMIA becomes the second airport for the Mumbai Metropolitan Region, with inauguration expected soon.Read more

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Navi Mumbai civic body undertakes demolition drive in Belapur against illegal construction

The Navi Mumbai Municipal Corporation (NMMC) recently carried out a demolition drive in the Belapur division against unauthorised construction after repeated notices were ignored. Acting under the directives of Municipal Commissioner Dr Kailas Shinde and senior civic officials, the encroachment department organised the action with full deployment of staff, machinery, and police support. Authorities confirmed that similar anti-encroachment operations will be intensified in the future.Read more

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Massive cleanliness drive on Navi Mumbai highways sees overwhelming public participation

A large-scale cleanliness drive was carried out on the Sion-Panvel Highway and Thane-Belapur Road in Navi Mumbai, where more than 7,000 citizens, civic officials, staff, and volunteers participated despite heavy rainfall. The initiative, conducted under the ongoing 'Swachhata Hi Seva' campaign of the Central Government, saw significant involvement from over 5,000 members of Dr Nanasaheb Dharmadhikari Pratishthan. The civic body emphasised public participation, with additional commissioners and senior officials also joining the efforts, reinforcing Navi Mumbai's commitment to maintaining its reputation as a clean city.Read more

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Navi Mumbai to mentor five Maharashtra cities under Swachh City Pairing initiative

Navi Mumbai Municipal Corporation (NMMC), recognised under the Super Swachh League, has entered into a partnership with five municipal councils in Maharashtra to extend guidance on urban cleanliness. The collaboration, formed under the Ministry of Housing and Urban Affairs' Swachh Bharat Mission, is aimed at strengthening inter-city cooperation on sanitation practices. Officials confirmed that the initiative would be result-oriented, with its impact assessed during the forthcoming Swachh Survekshan 2025-26.Read more

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Hiranandani launches INR 17,000 crore luxury coastal township 'Hiranandani Sands' in Alibaug

Hiranandani Communities, led by Dr Niranjan Hiranandani, has launched Hiranandani Sands, India's largest integrated coastal township in Alibaug, with a topline of INR 17,000 crore. Spread across 225 acres, the project features luxury homes, villas, plotted residences, serviced apartments, five hotels, a convention centre, wellness hub, yacht club, and one of Alibaug's biggest water sports hubs. Sustainability measures include a 27-acre reserve forest and proximity to wetlands. The first phase, comprising 330 units across three towers, sold out at launch, generating INR 450 crore. Backed by infrastructure upgrades like Atal Setu, Ro-Ro ferry links, and Navi Mumbai Airport, the township positions Alibaug as a luxury real estate hub.Read more

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Samruddhi Expressway becomes first solar-powered expressway, targets 204 MW

The Maharashtra State Road Development Corporation (MSRDC) has started generating 5 MW of solar power along the 701-km Samruddhi Mahamarg (Mumbai-Nagpur expressway), with initial installations at Karanja Lad in Washim and Mehkar in Buldhana. The power will be sold to MSEDCL under a 2022 agreement at INR 3.05 per unit. Samruddhi is now India's first expressway to install solar generation. MSRDC aims to scale up to 204 MW across various interchanges, using the solar power for highway lighting and generating carbon credits. The expressway has carried over 2.5 crore vehicles since its inauguration in December 2022.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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NMMC intensifies demolition drive against illegal construction in Koparkhairane

Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in the Koparkhairane division after property owners ignored prior notices. The operation, led under the directives of Municipal Commissioner Dr Kailas Shinde and senior officials, targeted unauthorised construction linked to Rajpal Hospital in Sector 10. A partial demolition was conducted, and a penalty of INR 50,000 was imposed. The civic body emphasised that strict action against unauthorised developments would continue across the city.Read more

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Navi Mumbai civic body issues fresh directives for pet dog owners amid rising concerns

The Navi Mumbai Municipal Corporation (NMMC) has issued fresh directives for pet dog owners, reminding them of licensing requirements, mandatory vaccination, and responsible handling while in public spaces. The move comes in the backdrop of complaints regarding aggressive dog breeds and rising incidents of stray dog-related issues. NMMC also reiterated compliance with Supreme Court and Animal Welfare Board guidelines, warning that failure to adhere would attract penalties.Read more

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