Mumbai News Desk

24 Dec 2025

The Mumbai second edition of the DLC Guide 2025 concluded with an industry-led evaluation of restaurants, hotels and bars based on operational excellence and guest experience. Founded by Jimmy Mistry under the Della Leaders Club, the guide follows an independent, audit-driven framework inspired by global benchmarks. The edition recognised select dining venues, Fairmont Mumbai in the hotel category, and Sixteen33 among bars. Supported by a diverse professional panel, the platform has expanded across five countries and nine cities within 18 months, assessing over 99 establishments worldwide.Read more

22 Dec 2025

IIT-Bombay researchers have reviewed proposed changes to the housing component of CPI, welcoming the base year update to 2024 but raising concerns over monthly data collection for all dwellings. The paper favors the existing six-month panel method, noting that visiting all 25,000 dwellings monthly would increase costs, burden respondents, and risk data quality. While supporting some proposals like rural inclusion and excluding employer-provided dwellings, the authors stress that flaws in the current index are addressable with better data use. Experts back the view, highlighting inefficiency of monthly collection.Read more

22 Dec 2025

Keystone Realtors is gearing up to launch a super luxury residential project in Bandra, Mumbai, with a GDV of around INR 3,000 crore. The company has recorded property sales of INR 1,839 crore in the first half of the fiscal year, a 40 per cent increase annually, and aims to achieve INR 4,000 crore in bookings. Keystone plans four more project launches in the second half of the year, investing INR 950 crore in construction. Strong demand in MMR and reduced home loan rates are expected to support continued sales growth.Read more

21 Dec 2025

Actor Madhuri Dixit Nene and her husband, Dr Shriram Madhav Nene, have sold their residential apartment in Juhu, Mumbai, for INR 3.90 crore, according to property registration records. The apartment, measuring around 780 sq ft, is located in Deep Varsha Co-operative Housing Society on Military Road. The buyer, a woman, benefited from Maharashtra's 1% stamp duty concession for women homebuyers, paying INR 19.5 lakh in stamp duty. The couple also sold a parking space in the same society for INR 15 lakh on the same day. Juhu remains a sought-after residential locality, known for its premium appeal, coastal access and strong demand among high-net-worth individuals and film industry professionals.Read more

21 Dec 2025

The Maharashtra government has approved a state-level committee to address encroachments across Mumbai and the Mumbai Metropolitan Region's heritage sites. Chaired by the Cultural Affairs Minister, the panel includes ministers and senior officials from departments such as revenue, tourism, public works, forests, and urban development. The committee will supervise district-level committees, release funds for conservation, and preserve over 390 state-protected monuments and 145 temples, including August Kranti Maidan, Dharavi Fort, and Jejuri's Khandoba temple. The initiative expands prior efforts focused on forts, aiming to ensure long-term preservation, public access, and cultural tourism growth.Read more

21 Dec 2025

A premium bungalow property on Linking Road in Santacruz West has been sold for INR 164 crore, making it one of the significant high-value residential land deals in Mumbai's western suburbs. Known as Dwarka Bungalow, the plot spans about 13,629 sq ft and includes an old ground-plus-one structure. The buyer, ZYJ Estates LLP, is linked to luxury real estate developers, with the acquisition driven largely by redevelopment potential. Santacruz West continues to attract such transactions due to limited land availability, strong connectivity and proximity to Bandra Kurla Complex. The deal highlights sustained demand for prime redevelopment plots in established luxury residential micro-markets.Read more

20 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) has proposed increasing the minimum fine for air pollution violations at construction sites from INR 10,000 to INR 50,000. The move is aimed at ensuring stricter compliance among nearly 2,000 active construction projects in the city. Enforcement teams have been actively monitoring sites, issuing show cause notices, deploying misting machines, and cleaning roads. While recent data indicates some improvement in air quality compared with last year, pollution from construction remains a significant concern in Mumbai, prompting authorities to strengthen both monitoring and penalties.Read more

20 Dec 2025

The Bhubaneswar Development Authority has announced plans to develop Hatiasuni Park in Maitree Vihar into a modern green public space at an estimated cost of INR 1.36 crore. Spread across nearly two acres of vacant land, the park will feature walking tracks, seating areas, children's play zones and dedicated spaces for senior citizens. The design will include native plants, open lawns and eco-friendly landscaping to support recreation and environmental benefits. The project addresses long-standing demand for a community park in the residential area. Construction is expected to begin shortly and be completed within four months, adding a new recreational hub for local residents.Read more

Mr Vivek Mohanani, CEO and Managing Director, Ekta World

20 Dec 2025

Redevelopment is rapidly transforming Mumbai's housing landscape, turning ageing societies across the city and suburbs into modern high-rise communities while unlocking strong investment returns. From the Bandra-Khar-Santacruz belt to the island city and emerging central and peripheral markets, progressive policies, improved FSI norms and infrastructure upgrades are reshaping capital values and rental yields. Early investors and society members are benefiting from larger homes, better amenities and higher asset values, while developers leverage additional FSI and strong free-sale demand. With connectivity projects acting as a value multiplier, redevelopment is emerging as a key driver of long-term returns across Mumbai's evolving residential markets.Read more

20 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) has started the process to auction around six acres of land belonging to the former Century Cotton Textile Mill in Worli, Mumbai, with a base price of INR 1,348 crore. The move follows a Supreme Court ruling earlier this year that confirmed BMC's ownership of the land after a prolonged legal dispute. The plot will be leased for 30 years with a renewal option, and development will have to follow the city's planning rules while addressing existing tenant occupancy.Read more

19 Dec 2025

Bollywood actor Kareena Kapoor has leased her Bandra West apartment in Mumbai for a monthly rent of INR 2.75 lakh, according to property records. The lease is for three years, with a security deposit of INR 8.25 lakh, and includes a 5% rent increase after the first year. The apartment, located in the Land Breeze building, benefits from Bandra West's strong connectivity and premium neighbourhood appeal. The deal follows a similar lease renewal by Kareena's sister, Karisma Kapoor, highlighting Bandra West's ongoing demand among high-profile tenants and corporate renters.Read more

19 Dec 2025

The Union government has approved a proposal to develop a world-class marina at Mumbai Harbour with an estimated investment of INR 887 crore, aimed at boosting maritime tourism and waterfront development. The project will be executed through a hybrid development model, combining public funding for core marine infrastructure with private sector investment in onshore facilities. Spread across nearly 12 hectares of water area, the marina will be designed to berth over 400 yachts. The development is expected to generate more than 2,000 jobs across marina operations, hospitality and cruise services, while enhancing public access to the waterfront and strengthening Mumbai's position in India's blue economy framework.Read more

19 Dec 2025

Western Railway has opened a new digital lounge and co-working facility at Mumbai Central station to enhance passenger experience and meet growing demand for flexible workspaces. Covering 1,712 sq ft, the lounge offers high speed internet, modular workstations, video conferencing rooms, charging points, and comfortable seating. Operated under the INEJ Lounge brand, it also provides self serve refreshments and upgraded washrooms. The project is expected to generate around INR 3.2 crore in non fare revenue over five years, with potential expansion to other major stations based on demand.Read more

19 Dec 2025

Mumbai's civic body has issued a show-cause notice to the contractor handling the ready-mix concrete operations at the Metro Line 2B project site in Bandra East for repeatedly failing to follow air pollution mitigation norms laid out in earlier guidelines. Earlier inspections had shown non-compliance despite prior directives to fix the issues. The contractor has been given a short deadline to respond, with the possibility of work being stopped if compliance is not demonstrated. The action reflects broader concerns over construction-related pollution across major infrastructure projects in the city, where enforcement has recently intensified.Read more