16 Jan 2026

A ready-mix concrete (RMC) plant in Powai, Mumbai, has received a formal notice from the Maharashtra Pollution Control Board (MPCB) for failing to comply with updated environmental and operational norms. Inspections revealed uncovered cement silos, lack of tyre-washing systems, poor sludge management, and non-functional dust suppression measures. The notice gives the operator 15 days to rectify all issues. This action is part of broader enforcement across the Mumbai Metropolitan Region, reflecting the board's intensified efforts to ensure construction-related industries maintain environmental and public safety standards.Read more

14 Jan 2026

Jeetendra and his son Tusshar Kapoor have sold a commercial data centre property in Mumbai's Chandivali area to NTT Global Data Centres for INR 559.24 crore. The deal includes a ten-storey data centre building and a separate diesel generator facility at Balaji IT Park, spanning over 30,195 sq metres. The transaction was registered earlier this month and did not attract stamp duty under a 2024 government resolution, though a metro cess was paid. The deal highlights growing investor interest in Mumbai's data centre real estate market.Read more

14 Jan 2026

ASK Property Fund has invested INR 340 crore in a portfolio of three residential projects being developed by Mantra Group, strengthening its exposure to the Mumbai and Pune housing markets. The investment will support the acquisition of two projects through the NCLT resolution process, while also providing funding for an ongoing residential development. A portion of the capital will be used to settle outstanding dues of financial creditors, with the remaining amount allocated towards working capital requirements to ensure timely execution. The transaction reflects sustained institutional interest in residential real estate, particularly in projects with resolution-led acquisition opportunities and established urban demand across Maharashtra's key housing markets.Read more

14 Jan 2026

The Supreme Court has reiterated that reclaimed land along the Mumbai Coastal Road (South), including areas proposed to be landscaped under a corporate social responsibility initiative, must ordinarily remain open to the public and cannot be used for any residential or commercial development. While allowing landscaping and maintenance activities, the court underlined that such work should not restrict public access except where temporarily required. The ruling came while disposing of a public interest litigation challenging the municipal corporation's move to involve private agencies for long-term maintenance of the reclaimed land. The court reaffirmed its earlier directions that categorically prohibit any commercial or residential exploitation of the area, ensuring the coastal road project serves public interest and open access.Read more

14 Jan 2026

Global financial services major JP Morgan has leased a large office space measuring nearly 2.72 lakh sq ft in Mumbai's Powai area, marking a significant commercial real estate transaction in the city's office market. The space is located at One Downtown Central (Crisil House) and has been taken on lease from Cowrks for a starting monthly rent of INR 9.23 crore. The lease tenure is for five years, with rentals commencing from April and an annual escalation of 5 percent. The deal highlights continued demand from multinational corporations for high-quality office assets in established business districts, supported by flexible workspace operators and institutional property owners.Read more

13 Jan 2026

Mumbai-based Crest Ventures has partnered with Vensco Projects to develop a premium mixed-use residential project in Chembur, with an estimated gross development value of around INR 1,850 crore. Located on Golf Course Road, the luxury development will span about 2.5 acres and offer nearly 5 lakh sq ft of saleable area. The project reflects rising demand for high-end housing in eastern Mumbai, driven by improved connectivity and established social infrastructure. Crest Ventures said the development aligns with its luxury housing strategy and changing buyer preferences for integrated, well-planned communities. Chembur continues to attract developers as a key residential micro-market, with mixed-use projects gaining traction for their lifestyle appeal and long-term value.Read more

Mumbai News Desk

13 Jan 2026

Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai recorded a record 55.5 million passengers in 2025, driven by strong domestic and international travel demand. Domestic passengers reached about 39.2 million, while international travellers numbered around 16.3 million. Delhi, Bengaluru, and Goa were the busiest domestic routes, while Dubai, London, and Abu Dhabi led international traffic. IndiGo, Air India, and Emirates dominated passenger volumes. January and November were the peak months, and the October-December quarter recorded the highest quarterly traffic. Route expansions and increased connectivity contributed to this steady growth.Read more

Mumbai News Desk

12 Jan 2026

Ritika Sajdeh, the wife of Indian cricket captain Rohit Sharma, purchased a premium apartment in Prabhadevi, Mumbai, for INR 26.30 crore. The flat, located in Ahuja Towers, spans a carpet area of 2,760.40 sq ft and comes with three car parking spaces. Registration documents show the transaction attracted INR 1.31 crore in stamp duty and INR 30,000 in registration fees, with the sellers listed as Ajinkya DY Patil and Puja Anjinkya Patil. Sajdeh, known for her sports management career, has been increasingly investing in high-value real estate in Mumbai.Read more

11 Jan 2026

Superb Realty marked a new chapter in channel partner engagement by hosting the inaugural Superb Cup 2026, a one-day cricket league organised in association with the Ghatkopar Real Estate Association. Held in Mumbai, the tournament brought together eight channel partner teams, blending competitive sport with networking and community-building. The event highlighted Superb Realty's focus on nurturing relationships beyond formal business interactions, using sport as a platform to strengthen collaboration, trust and shared growth. With strong participation, enthusiastic support from industry leaders and high-energy matches, the league emerged as a celebration of teamwork and camaraderie. The Superb Cup 2026 reinforced the growing trend of experiential engagement within the real estate ecosystem, where partnerships are deepened through meaningful, people-centric initiatives.Read more

Mr. Ruchit Mehta, Partner, Mehta Realty

11 Jan 2026

Goregaon's journey from a mid-suburban residential area to a fast-emerging urban hub reflects Mumbai's broader evolution, with cluster redevelopment now driving its next phase of growth. Once known for open land and modest housing, the suburb has steadily transformed through improved connectivity, commercial development and stronger social infrastructure. The cluster redevelopment model is accelerating this shift by consolidating fragmented plots into planned, mixed-use neighbourhoods that integrate housing, offices, retail and community amenities. Backed by metro connectivity, arterial roads and upcoming infrastructure projects, Goregaon is witnessing rising property values and growing interest from end-users and investors alike. More importantly, cluster projects are addressing the challenge of ageing housing stock by improving safety, liveability and sustainability. Together, these factors are repositioning Goregaon as a modern urban core within Mumbai's western suburbs.Read more

Mumbai News Desk

09 Jan 2026

The Bombay High Court has intervened to stop the Brihanmumbai Municipal Corporation (BMC) from proceeding with the demolition of homes at Rakhmabai Mhatre Chawl in Mulund (East), ruling that the civic body's notices were vague and unjustified. The court found that six residents had adequately demonstrated long-term occupancy through historical property tax and utility records, undermining BMC's claim of unauthorised construction. Observing that the demolition warnings lacked clarity on what was unlawful, the bench quashed the notices and ordered that no coercive action be taken until the civil suits are finally disposed of. The ruling underscores the need for precise procedural compliance when authorities seek to remove longstanding residential structures.Read more

09 Jan 2026

Atul Agnihotri's real estate firm, Shivansai Homemaker Infra LLP, has secured the redevelopment rights of the 60-year-old Palimala Cooperative Housing Society in Bandra, Mumbai. The project involves 11 members and includes a significant increase in apartment sizes, along with structured financial compensation during the construction period. The agreement was formally registered with a token payment and stamp duty. Members will receive upgraded homes with modern specifications once redevelopment is completed, in line with Mumbai's ongoing push to renew ageing residential societies.Read more

Mumbai News Desk

09 Jan 2026

A rare heritage, sea-facing bungalow in Mumbai's upscale Juhu neighbourhood has hit the market with an asking price of INR 250 crore, underscoring strong interest in ultra-prime coastal real estate. Named Leela, the property spans a 14,858 sq ft plot with about 8,480 sq ft of built-up area, and features six bedrooms, multiple living spaces, sea-facing balconies and a large terrace with panoramic sea views. Built in the 1950s in Art Deco style, the bungalow is listed as a Grade IIB heritage property, offering both architectural legacy and redevelopment potential under city regulations. Owned by the Nanavati family, the listing has attracted interest from developers and high-net-worth buyers, reflecting continued demand for iconic and scarce residential assets in Mumbai's luxury segment.Read more

Mumbai News Desk

09 Jan 2026

The BMC has deployed ward-level flying squads to enforce pollution-control measures across Mumbai, with a focus on construction sites. During December 2025, 557 sites received showcause notices, while 233 faced stop-work orders for non-compliance. Winter conditions and low winds worsen air quality, with industrial emissions, road dust, construction, and vehicle smoke as primary contributors. Citizens are urged to follow official CPCB and MPCB data, as private platforms often rely on unverified sources. Revised 2024 guidelines mandate stricter control measures, including netting, water sprinkling, and air monitoring systems.Read more

Mumbai News Desk

09 Jan 2026

The Railway Land Development Authority (RLDA) has received a bid of INR 1,368 crore for redeveloping nearly six acres of its Supari Baug colony in central Mumbai's Parel area. The bid, submitted by Dineshchandra R Agrawal Infracon, slightly surpasses RLDA's revised reserve price. Offered on a 99 year lease under a revenue share model, the project will now undergo technical and financial evaluation. Parel's transformation over the past two decades into a residential and commercial hub has made centrally located railway land highly attractive to developers.Read more