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 intensifies demolition drive against unauthorised construction in Vashi

Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in Vashi against an unauthorised building despite prior notices being served. The action, initiated under the directives of Municipal Commissioner Dr Kailas Shinde, was supervised by Additional Commissioner Dr Rahul Gethe and Deputy Commissioner Dr Kailas Gaikwad. The partial demolition was supported by civic engineers, encroachment officials, police, and workers, with heavy machinery and labour deployed. Authorities indicated that such anti-encroachment operations would be intensified in the coming period.Read more

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Smartworks leases 5.57 lakh sq ft in Navi Mumbai for largest managed office campus

Smartworks Coworking Spaces has leased 5.57 lakh sq ft at Intellion Park, Navi Mumbai, marking its largest managed office campus in the city and pushing its total leased Mumbai portfolio beyond 10 lakh sq ft. The move addresses growing demand for flexible workspaces among enterprises. With a presence across 14 cities in India and Singapore, Smartworks caters to over 730 clients, including Forbes 2000 firms and startups. Tata Realty emphasized the collaboration's potential to deliver world-class, scalable work environments and set new benchmarks in Navi Mumbai's commercial real estate sector.Read more

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PM Modi to open Metro 3's final stretch and Navi Mumbai airport on September 30

Prime Minister Shri Narendra Modi will inaugurate the final stretch of Mumbai's underground Metro Line 3 from Acharya Atre Chowk in Worli to Cuffe Parade on September 30. On the same day, he will also launch the Navi Mumbai International Airport, a key project aimed at reducing the load on Chhatrapati Shivaji Maharaj International Airport. Metro Line 3, spread across 33.5 km with 27 stations, is the city's first fully underground corridor and a long-delayed project. With its completion, south Mumbai's business hubs will be directly connected to Bandra-Kurla Complex (BKC) and other suburbs, cutting travel time, easing congestion, and offering a faster, cleaner transport option for lakhs of commuters.Read more

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Navi Mumbai NMMC demolishes illegal building in Koparkhairane, fines owner INR 25,000

The Navi Mumbai Municipal Corporation (NMMC) recently conducted a demolition drive against unauthorised construction in the Koparkhairane area after prior notices were ignored. The action, directed by the Municipal Commissioner and guided by senior officials of the Anti-Encroachment Department, targeted a property belonging to a local resident. Partial demolition was carried out under the Maharashtra Regional and Town Planning Act, 1966, and a fine of INR 25,000 was imposed. The operation involved multiple officials, police support, machinery, and labour, highlighting the city's commitment to curbing illegal developments.Read more

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Navi Mumbai civic body intensifies anti-encroachment action with Airoli demolitions

The Navi Mumbai Municipal Corporation recently conducted a strict demolition drive against unauthorised construction in the Airoli area after the property owners failed to comply with official notices. Under the guidance of senior officials, the encroachment department removed constructions at two specific plots where building activity had continued despite prior legal directives. A total penalty of INR 50,000 was collected from the property owners. The operation involved dedicated municipal staff, labourers, and police support, signalling the administration's continued focus on curbing unauthorised developments within the city.Read more

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Navi Mumbai civic body demolishes illegal structures in Airoli and Koparkhairane

The Navi Mumbai Municipal Corporation (NMMC) carried out demolition drives in Airoli and Koparkhairane after occupants ignored earlier notices against unauthorised constructions. In Airoli, illegal work on three Sector 2 plots by Nitin Vaman Nagral was razed, with officials also collecting a INR 75,000 penalty. In Koparkhairane, partial demolition was undertaken at House No. 366, owned by Hemchandra Dhondiram Mhatre, along with a INR 15,000 fine. Both operations, supervised by senior civic officials and supported by police, used heavy equipment and labour teams. The civic body has warned that similar anti-encroachment actions will intensify, aiming to enforce planning laws and curb unauthorised development.Read more

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Navi Mumbai civic body intensifies demolition drive in Ghansoli and Koparkhairane

The Navi Mumbai Municipal Corporation (NMMC) recently carried out anti-encroachment operations in Ghansoli and Koparkhairane after property owners and developers failed to comply with issued notices. Under the directives of senior civic officials, unauthorised structures were demolished with the assistance of machinery, labourers and police deployment. The action followed repeated violations where developers had continued construction without mandatory approvals despite warnings from the civic body.Read more

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Nexus Seawoods Mall to host grand Onam celebrations in association with Malayali Samajam

Nexus Seawoods Mall in Navi Mumbai is preparing to host Onam Opulence in collaboration with Seawoods Malayali Samajam this coming weekend. The event will feature a nine-metre floral Pookalam crafted from nearly 250 kg of flowers, alongside an array of Kerala's cultural performances including Thiruvathirakali, Mohiniyattam, Kathakali, Poothappattu and Chenda Melam. Mythological characters will join the festivities through a traditional procession, culminating in a grand fusion finale that celebrates Kerala's heritage.Read more

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Navi Mumbai poised for growth with airport, infra push and new office supply

A new report by Cushman & Wakefield, "Navi Mumbai - The Next Growth Corridor," highlights Navi Mumbai's rise as a prime office hub within the Mumbai Metropolitan Region (MMR). The city currently holds 23.8 million sq ft of Grade A office stock-20% of MMR's total-with an occupancy rate of 87%. Offering average rentals of INR 70 per sq ft, nearly 57% lower than prime MMR markets, Navi Mumbai is attracting Global Capability Centers and enterprises with its talent pool and infrastructure. With the upcoming Navi Mumbai International Airport and major road projects boosting connectivity, another 4 million sq ft of new office supply is expected by 2027-28.Read more

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ADB delegation studies Navi Mumbai's waste management and infrastructure

An international delegation from the Asian Development Bank (ADB) paid a study visit to Navi Mumbai Municipal Corporation (NMMC) earlier this week to review the city's urban development practices and innovative solid waste management systems. The visit, facilitated by the Ministry of Housing and Urban Affairs, included detailed presentations on infrastructure, sustainability initiatives, and future roadmaps, as well as site visits to pioneering projects such as textile recycling facilities, nature parks, and advanced water treatment plants.Read more

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Navi Mumbai: NMMC cracks down on unauthorized construction in Airoli and Koparkhairane

The Navi Mumbai Municipal Corporation (NMMC) recently carried out demolition drives in Airoli and Koparkhairane against unauthorized constructions that continued despite prior notices. Acting under the Maharashtra Regional and Town Planning Act, 1966, the Encroachment Department removed illegal structures, imposed fines, and deployed manpower and equipment for the operations. The drives were conducted under the supervision of senior officials, with support from the local police. Authorities indicated that such anti-encroachment actions will continue more strictly going forward.Read more

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NMMC strengthens water testing with new digital monitoring system

The Navi Mumbai Municipal Corporation's Environmental Laboratory, certified under ISO 9001:2015, has introduced a new digital monitoring system for water quality testing. The 'e-System Water Sample Inspection Report and Monitoring System' (WQMS) was launched by Municipal Commissioner Dr. Kailash Shinde earlier this week. The laboratory already tests drinking water, wastewater, and private samples, and with this system the entire process from collection to reporting has become digital and transparent. The Commissioner also advised seeking NABL accreditation and expanding testing to cover food vendors. The system improves accuracy, tracking, and accessibility of water-quality data for both officials and citizens.Read more

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Navi Mumbai launches weekly plastic, e-waste collection drive

Navi Mumbai Municipal Corporation (NMMC), in collaboration with Project Mumbai, launched a large-scale plastic collection and recycling initiative during Independence Day celebrations. The drive, held under the theme 'Every Home - Plastic Free', received strong participation from schools, housing societies, and offices. A total of 141 kg of plastic was collected from 14 centers, which will be recycled into usable public items. The initiative also introduced a weekly plastic and e-waste collection program, aiming to build long-term habits of responsible disposal and reduce landfill waste in the city.Read more

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CIDCO plans 667-acre Aerocity near Navi Mumbai International Airport

CIDCO is advancing plans for a 667-acre Aerocity near the soon-to-open Navi Mumbai International Airport, expected to begin operations in September under Adani Group. Bids have been invited to appoint a master planner and transaction advisor for the project, which will allocate 123 acres each for residential, commercial, and retail zones, alongside offices, warehouses, hotels, hospitals, and entertainment spaces. Strategically connected to the Mumbai Trans Harbour Link, Navi Mumbai Metro, and suburban rail, the Aerocity aims to offer Mumbai a rare, fully planned urban hub. Rising property demand, particularly from aviation professionals, signals strong interest ahead of the airport's launch.Read more

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Dow Chemicals secures a 2.56 lakh sq ft office lease at Mindspace SEZ in Navi Mumbai

Dow Chemicals has leased 2.56 lakh sq ft at Mindspace SEZ in Airoli, spanning five floors for a 10-year term at INR 1.64 crore monthly rent (INR 64 per sq ft). The deal includes 5% annual escalation, a security deposit of INR 14.77 crore, and a fit-out deposit of INR 82.09 crore refundable in installments, alongside a fixed fit-out rent of INR 29.45 per sq ft. The move highlights strong multinational demand for premium offices in Greater Mumbai. Mindspace REIT recently reported 1.7 million sq ft of leasing across major cities, driven by GCCs, BFSI, and tech firms, underscoring India's robust office market momentum.Read more

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Navi Mumbai becomes the first civic body in India to issue property identity cards

Navi Mumbai Municipal Corporation (NMMC) has introduced an innovative initiative by becoming the first civic body in India to provide property identity cards to citizens. The move, launched under the guidance of Municipal Commissioner Dr Kailas Shinde, aims to simplify property-related transactions and enhance transparency. Around 3.5 lakh property owners across the city will benefit, gaining access to property details such as ownership, tax records, and size in a single, card-based format equipped with QR code features for digital use.Read more

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Navi Mumbai civic body organises tricolour rallies in Rabale and Belapur under 'Har Ghar Tiranga - Har Ghar Swachhta' campaign

Navi Mumbai Municipal Corporation (NMMC) recently organised tricolour rallies in Rabale and Belapur under the 'Har Ghar Tiranga - Har Ghar Swachhta' campaign, guided by Municipal Commissioner Dr Kailas Shinde. The events saw enthusiastic participation from students, teachers, parents, and civic officials. Maharashtra Forest Minister Ganesh Naik attended as a special guest at Rabale, addressing students on patriotism, while the Belapur rally featured students exploring an exhibition on the journey of the national flag.Read more

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Navi Mumbai razes illegal Airoli constructions after warnings ignored

The Navi Mumbai Municipal Corporation (NMMC) recently carried out a demolition drive in Airoli against unauthorised structures, following non-compliance with earlier notices issued under the Maharashtra Regional and Town Planning Act, 1966. Acting on the directives of the municipal commissioner and senior officials, the encroachment department demolished illegal buildings and roadside slums. Penalties amounting to INR 1,00,000 were collected from the violators, and the corporation affirmed its commitment to continuing strict anti-encroachment measures.Read more

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Navi Mumbai civic body revises property transfer fee policy to enhance transparency

The Navi Mumbai Municipal Corporation (NMMC) has introduced amendments to its property transfer fee policy, aiming to simplify procedures and improve transparency. Approved by the Commissioner and Administrator, the revisions include a ready reckoner-based calculation system, reduced charges for inheritance transfers, and a revised deadline for late fee applicability. The updated structure incorporates clear mathematical methods, provisions for various document types, and specific rules for corporate ownership changes. The late fee provision will apply from October, giving property owners time to comply with the updated requirements.Read more

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NMMC demolishes illegal homes in Airoli, fines violators INR 50,000 each

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in Airoli under the instructions of Municipal Commissioner Dr Kailas Shinde. Despite having served prior notices under the Maharashtra Regional and Town Planning Act, 1966, the individuals involved failed to remove unauthorised structures on their own. As a result, the encroachments at two sites in Sector 4, Airoli were forcibly cleared, and a penalty of INR 50,000 was levied on each offender. The drive was executed with support from the encroachment department, local police, and demolition personnel.Read more

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