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 urges property owners to complete KYC for seamless digital services

The Navi Mumbai Municipal Corporation (NMMC) has encouraged property owners to complete the Know Your Customer (KYC) process to facilitate easier access to digital municipal services. This initiative is designed to enable residents to conveniently view and pay property tax bills via mobile phones while also receiving essential updates, including water supply alerts, emergency notifications, heavy rainfall warnings, and traffic advisories. Property owners can complete the KYC process by visiting the NMMC's official website and accessing the QR code or link provided. This effort is part of NMMC's broader digital transformation strategy aimed at enhancing service delivery and citizen engagement.Read more

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L&T Realty expands in Navi Mumbai with 34-acre Panvel purchase

L&T Realty has made its first outright land purchase with the acquisition of a 34-acre plot in Panvel, Navi Mumbai, for over INR 102 crore from three landowners. Marking a strategic shift from its usual joint ventures and development agreements, the move strengthens the company's footprint in Navi Mumbai. The land, currently zoned for industrial use, has sparked speculation on whether it will be used for residential development or as a precast manufacturing facility. This follows L&T Realty's recent JV at Bandra Reclamation and a major redevelopment project in Thane, reinforcing its expansion strategy across high-growth urban regions.Read more

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Navi Mumbai: NMMC removes 64 illegal huts in Belapur as part of anti-encroachment drive

The Navi Mumbai Municipal Corporation (NMMC) recently conducted an anti-encroachment drive in Durgamata Nagar, Sector-08, Belapur, removing 64 illegal huts built on government land. Led by Commissioner Dr Kailas Shinde and supported by senior officials, the operation involved heavy machinery, 22 workers, and police personnel. This action is part of NMMC's ongoing campaign to curb unauthorised constructions and protect urban planning norms. Officials have pledged to intensify such efforts in the future, underscoring their commitment to preventing the spread of illegal structures and maintaining orderly city development.Read more

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Navi Mumbai: Panvel society under fire for illegal occupancy and free water misuse

The Panvel City Municipal Corporation (PCMC) has issued eviction notices to all 96 flat owners of Pioneer Co-operative Housing Society (CHS) for lacking an Occupancy Certificate (OC), rendering the building illegal for residence. Occupied since 2017, the 12-storey building failed to secure necessary approvals like TDR and met with repeated non-compliance despite prior notices. PCMC has also incurred a loss of INR 18.54 lakh by supplying free water tankers since 2023, reportedly under political pressure, despite the society defaulting on water tax payments. While residents face eviction, no action has yet been taken against the builders or architects responsible for the violations.Read more

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Navi Mumbai Municipal Corporation takes action taken against unauthorized construction in Belapur

The anti-encroachment department conducted a drive under the direction of Additional Commissioner (2) Dr. Rahul Gethe and Assistant Commissioner (Encroachment) Mr. Bhagwat Doifode by the directives from Navi Mumbai Municipal Corporation Commissioner Dr. Kailas Shinde. The drive, aimed at removing homeless encroachments, led to the eviction of 48 homeless individuals near L&T Bridge, Sector-42, Seawoods, Navi Mumbai. The action was overseen by Assistant Commissioner Dr. Amol Palve and involved a team including engineers, staff, and police personnel. The municipal corporation has stated that such actions will continue in the future.Read more

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Navi Mumbai: NMMC takes strong action against unauthorized construction in Airoli

The Navi Mumbai Municipal Corporation (NMMC) has acted decisively to stop illegal construction in the Airoli division. Despite receiving notices from the NMMC's Anti-Encroachment Department, the concerned party failed to comply. As per the instructions of Municipal Commissioner Dr. Kailas Shinde and additional Commissioner Dr. Rahul Gethe, the illegal construction was partially demolished on 25th April 2025. A fine of INR 25,000 was imposed. The operation saw the involvement of NMMC officials and anti-encroachment police personnel, with the use of gas cutters and hammer tools.Read more

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Navi Mumbai civic body intensifies crackdown on unauthorised structures in Belapur, Nerul and Vashi

Earlier this week, Navi Mumbai Municipal Corporation (NMMC) launched a large-scale demolition drive targeting unauthorised constructions in Belapur, Nerul and Vashi. The operation, conducted under the directives of Commissioner Dr Kailas Shinde and supervised by senior officials, included action against illegal structures despite prior notices. In Belapur, illegal constructions on plots in Sector 15 were removed, while in Nerul's Sector 28, 28 unauthorised huts on CIDCO land were demolished. Additionally, in Vashi's Sector 31A and nearby areas, a total of 110 unauthorised huts were cleared. These operations involved local police, municipal staff, and machinery including JCBs.Read more

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Navi Mumbai Airport set for June launch as CIDCO and Adani review final readiness

CIDCO and Adani Airport Holdings reviewed the final phase of the Navi Mumbai International Airport (NMIA), on track for a June 2025 launch. With DGCA issuing the Airport Information Publication and ORAT trials underway, the airport is nearing operational readiness. Phase 1 includes a Code-F runway, modern terminal, and cargo facilities to handle 20 million passengers annually. CIDCO is fast-tracking road and metro connectivity with NHAI to ensure seamless access. Once operational, NMIA is expected to ease traffic at Mumbai airport and boost real estate, logistics, and economic growth across Ulwe, Panvel, JNPT, and the wider MMR.Read more

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Navi Mumbai: NMMC intensifies crackdown on illegal structures in Airoli division

Earlier this week, Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in Airoli after repeated notices to the concerned parties went ignored. Under the directives of Municipal Commissioner Dr. Kailas Shinde, and with guidance from Additional Commissioner Dr. Rahul Gethe and Deputy Commissioner for Encroachment Shri Bhagwat Doiphode, the encroachment department took partial demolition action against an unauthorised construction at Sector-3, Airoli. The structure belonged to Anil Popat Patil and had been constructed without obtaining NMMC permissions. The operation was executed as per Section 54 of the Maharashtra Regional and Town Planning Act, 1966.Read more

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CIDCO clears 56 acres, demolishes 2,200 illegal structures across Navi Mumbai

CIDCO has demolished over 2,200 illegal structures across Navi Mumbai, Ulwe, Panvel, and Dronagiri in 2025, reclaiming 56 acres valued at INR 2,500 crore. The crackdown includes 547 enforcement actions and the demolition of 90 illegal flats in Kharghar alone. CIDCO has issued 2,100+ notices and warned buyers to verify documents, especially in high-growth areas like NAINA. The recovered land will aid CIDCO's smart city and infrastructure projects, including metro extensions and housing zones. Officials say this move is essential to ensure planned development and curb unauthorized sales that threaten Navi Mumbai's urban future.Read more

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Navi Mumbai civic body to survey unauthorised buildings following court order

The Navi Mumbai Municipal Corporation (NMMC) has initiated a survey of unauthorised constructions across its jurisdiction, following a directive from the Bombay High Court. The survey will cover structures built without legal permissions, and notices will be served to violators after verification. Affected parties will have the opportunity for a hearing before the civic body issues final decisions. This move is aimed at curbing illegal developments, improving urban planning, and enforcing regulatory compliance. The survey is expected to bring more clarity to property records and municipal planning.

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Welspun One achieves financial closure for iNR 2,300 Crore Logistics Park in Navi Mumbai

Welspun One Logistics Parks has secured financial closure for its INR 2,300 crore mega logistics park at Jawaharlal Nehru Port Authority's Special Economic Zone (JNPA SEZ) in Navi Mumbai. The project, spanning 110 acres, aims to develop 3.2 million square feet of Grade-A warehousing space. This initiative is set to enhance India's infrastructure landscape, leveraging JNPA's strategic location to facilitate efficient logistics and bolster economic growth.

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CIDCO revokes allotment of 16 Navi Mumbai plots worth INR 2,000 crore over construction delays

The City and Industrial Development Corporation (CIDCO), acting as the Special Planning Authority (SPA) for Navi Mumbai, has withdrawn the allotment of 16 plots valued at around INR 2,000 crore. The decision targets developers and buyers who failed to initiate construction despite repeated deadline extensions and official warnings. These land parcels, meant for residential and commercial use, are located in prime nodes like Airoli, Nerul, Belapur, Kharghar, and Dronagiri. With Navi Mumbai's real estate prospects on the rise, CIDCO has indicated that further cancellations may follow, particularly for leased plots lying idle. Developer interest remains strong, as reflected by Godrej Properties Ltd's recent INR 717 crore lease deal for land in Kharghar.Read more

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CIDCO unveils record INR 14,130 crore budget for FY26 to boost airport, housing, and metro projects

The City and Industrial Development Corporation (CIDCO) has presented its highest-ever annual budget of INR 14,130 crore for the financial year 2025-26, aiming to fast-track major infrastructure and urban development initiatives in Navi Mumbai. Key allocations include INR 6,868 crore for general development, INR 3,251 crore for housing, INR 1,120 crore for water supply, and INR 625 crore for metro projects. Additional funds have been earmarked for the Navi Mumbai International Airport, railway upgrades, Navi Mumbai Airport Influence Notified Area (NAINA), and road connectivity schemes.

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Navi Mumbai Infrastructure: 40% of Ulwe Coastal Road completed; CIDCO aims for September 2026 completion

Nearly 40% of the six-lane Ulwe Coastal Road-spanning 6.7 km from Amra Marg to the Atal Setu (MTHL) junction at Shivajinagar-has been completed, with CIDCO pushing ahead on this key infrastructure project. The INR 1,591 crore road project, which includes an elevated airport link of 0.903 km, is integral to ensuring seamless connectivity to the upcoming Navi Mumbai International Airport. CIDCO aims to complete the work by September 2026, with significant financial allocations made in the current and upcoming fiscal years.

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Mumbai's first mangrove restoration site revived in Vashi

In a pioneering move, the forest department has successfully restored a four-hectare buried mangrove stretch near Vashi railway station, marking the first such initiative in the Mumbai Metropolitan Region (MMR). The effort involved removing debris dumped at Survey Number 17 in Vashi village. Environmentalists, including NatConnect Foundation and Sagar Shakti, welcomed the move and proposed developing a mangrove walk zone to raise public awareness. They urged Navi Mumbai Municipal Corporation (NMMC) to consider establishing its planned Mangrove Park at this restored site, which offers easier execution and minimal ecological disruption.

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Navi Mumbai: NMMC achieves full revenue collection target with citizens' cooperation

The Navi Mumbai Municipal Corporation (NMMC) has successfully achieved its revenue collection target, owing to the cooperation of its well-informed citizens. The revenue was generated from various sources, including property tax, water tax, construction permit approvals, and license fees. The Property Tax Department collected INR 826.12 crore, with INR 20.97 crore collected under the Abhay scheme, which offered a 50% discount on penalty charges. The Water Supply Department gathered INR 105.93 crore, while the Urban Planning Department secured INR 381.90 crore from construction permits, primarily from redevelopment projects. Additional revenue was collected through the Licensing Department and local body tax. Future plans include integrating the Bharat Bill Payment System for enhanced convenience.Read more

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CIDCO increases property transfer fees in Navi Mumbai by up to 50%

The City and Industrial Development Corporation (CIDCO) has raised property transfer fees across Navi Mumbai by 5 to 10%, with registered housing societies and commercial shops facing a 50% hike. The revised charges took effect from 2nd April. The increase aligns with market trends and infrastructure development, impacting transactions in key areas such as Vashi, Nerul, Panvel, and Kharghar. Residential property transfer fees now range from INR 27,000 to INR 2,31,000 per square metre, while commercial properties exceeding 200 square metres will attract fees as high as INR 5,84,600 per square metre. CIDCO defended the move as necessary for urban growth despite potential market slowdowns.

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Merino Shelters partners with Paradise Group for INR 770 crore Navi Mumbai project

Merino Shelters, a MAN Industries subsidiary, has partnered with Paradise Group to develop its 6-acre land in Nerul, Navi Mumbai, over six years. The deal includes an upfront payment of INR 70 crore and 30% of the RERA carpet area, valued at INR 650-INR 700 crore. The total monetisation is estimated at INR 770 crore. The land, near DY Patil Stadium and the upcoming Navi Mumbai International Airport, offers strong growth potential. MAN Industries aims to monetise non-core assets, while Paradise Group sees high development prospects.

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Navi Mumbai is taking stage as a promising destination for commercial real estate investments

Mr. Bhavesh Shah, Joint Managing Director – Today Group

Navi Mumbai is rapidly emerging as a prime commercial real estate hub, driven by its strategic location, robust infrastructure, and affordability. The city benefits from excellent connectivity via the Mumbai-Pune Expressway, the Mumbai Trans Harbour Link, and the upcoming Navi Mumbai International Airport. Infrastructure projects like metro expansions and road network improvements further enhance its appeal. Affordable office spaces, coupled with lower operational costs, attract multinational corporations, startups, and Global Capability Centres. The proposed International Corporate Park in Kharghar is expected to be a game-changer. With a projected 13% annual growth rate in commercial real estate, Navi Mumbai presents a lucrative investment opportunity.Read more

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