SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Mumbai City

BMC halts Andheri West demolition after slab falls, shaking surrounding buildings

Mumbai News Desk

05 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) stopped demolition work in Andheri West's Seven Bungalows area after a large slab fell from the terrace of the Ratan Kunj building, which is being redeveloped. The slab's collapse caused nearby structures to vibrate and created a dust cloud, alarming residents and prompting them to contact the Versova police. Civic authorities said the demolition site lacked proper safety measures. Although no injuries were reported, the incident raised renewed concerns over compliance and monitoring at redevelopment sites in Mumbai, following past accidents in the city.Read more

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Gurukrupa Aatman

05 Mar 2026

Mumbai City, India

Gurukrupa Aatman offers compact 1, 2, and 3 BHK apartments (298-891 sq ft carpet) in Mulund East, Mumbai's prime suburb. Enjoy vitrified flooring, proximity to schools, hospitals, temples, and excellent connectivity via Eastern Express Highway to Thane and Navi Mumbai.

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Bombay High Court directs developer to withdraw anticipatory bail plea, seek relief in Sessions Court

Mumbai News Desk

04 Mar 2026

The Bombay High Court directed a Malad-based developer to withdraw an anticipatory bail plea filed at the High Court while the matter was still pending in the Dindoshi Sessions Court. The bench emphasised that legal relief must first be sought in the court where the case is being heard. The developer complied with the order. The case originates from an investor complaint alleging that the developer collected INR 5.15 crore under a redevelopment MoU but failed to complete key obligations such as eviction, title creation, and coordination with stakeholders.Read more

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Bombay High Court rejects Maharashtra government’s claim over 193-acre Thane land, orders TDR compensation

Mumbai News Desk

04 Mar 2026

The Bombay High Court has dismissed the Maharashtra government's petition seeking to classify 193 acres in Thane's Manpada-Chitalsar area as acquired private forest land. Upholding a 2017 Maharashtra Revenue Tribunal order, the court found serious procedural lapses in the 1970s acquisition notice, including improper service and lack of authorised signatures. With over 100 acres already used for public infrastructure, the court directed the Thane Municipal Corporation to grant Transferable Development Rights to the original landowner within 21 days, reinforcing due process and property rights protections.Read more

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Legal notice sent to municipal commissioner over alleged irregularities in Mulund dumping ground reclamation

Mumbai News Desk

04 Mar 2026

A legal notice has been served to the municipal commissioner alleging corruption and procedural violations in the Mulund dumping ground reclamation project in Mumbai. The notice claims that mandatory environmental safeguards mentioned in the tender are not being followed and that irregularities are taking place in waste excavation and transportation. It further alleges manipulation at the weighbridge, leading to multiple challans for the same vehicle. The complainant has sought a departmental inquiry against civic officials and warned of court action if no satisfactory response is received. The BMC has stated that the allegations will be examined.Read more

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MSRDC sets up dedicated unit to accelerate slum-free Mumbai projects

Mumbai News Desk

04 Mar 2026

The Maharashtra State Road Development Corporation has entered the housing sector by forming a dedicated unit to implement slum redevelopment projects across Mumbai under the state's Slum Free Mumbai mission. The agency will redevelop 97,713 acres covering 24,226 slum tenements across multiple suburbs. An eight-member team has been constituted to manage planning, financial structuring, approvals and contractor monitoring. The move expands MSRDC's role beyond infrastructure rehabilitation. Parallel redevelopment efforts are also being carried out by MMRDA in key locations, including Ghatkopar, Jogeshwari and Malad, with thousands of rehabilitation units planned.Read more

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Kalpataru Solace

04 Mar 2026

Mumbai City, India

Kalpataru Solace is a new luxury residential project by Kalpataru Limited in Jogeshwari East, Mumbai. It offers premium 3 BHK apartments around 1272-1294 sq ft with modern amenities like swimming pools, gyms, kids' play areas, and 24x7 security. Excellent connectivity to Western Express Highway, JVLR, metro, and the airport.

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Minor head injury reported during Sewri-Worli project work; MMRDA takes action

03 Mar 2026

A small accident at the Sewri-Worli Elevated Connector project site saw a steel reinforcement bar fall and injure a passerby during ongoing pier work. The individual received treatment at Glenn Eagle Hospital, including four stitches, and is now stable. MMRDA's Executive Engineer visited the site and hospital to monitor the situation. The authority will cover all medical costs and support full recovery. Show-cause notices have been issued to the Project Management Consultant and contractor, while a safety review and stricter supervision measures have been implemented to prevent future incidents.Read more

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KPMG leadership collaborates with MMRDA to enhance contract management in Mumbai infrastructure

03 Mar 2026

Senior officials from KPMG International met with Dr. Sanjay Mukherjee, Metropolitan Commissioner of MMRDA, to explore the adoption of global best practices in contract management and infrastructure governance. The discussions, led by Ms. Lisa Kelvey and Mr. Suneel Vora, focused on frameworks for risk allocation, procurement reforms, performance monitoring, and dispute avoidance in large-scale projects across the Mumbai Metropolitan Region. Emphasizing efficiency, fiscal discipline, and digital oversight, the engagement aims to strengthen MMRDA's project delivery and governance systems, marking a step towards aligning the authority's infrastructure projects with international standards.Read more

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Coastal Road North and GMLR set to boost Mumbai connectivity before 2029

Mumbai News Desk

03 Mar 2026

Mumbai's Coastal Road (North) and the Goregaon-Mulund Link Road (GMLR) are progressing as per schedule, with the BMC projecting completion by 2029 and 2028, respectively. The Coastal Road (North) will run from Versova to Dahisar, and the GMLR will connect Mindspace Malad Junction to Goregaon (E), improving north-south and east-west connectivity. All necessary clearances from environmental, maritime, and legal authorities have been secured. These projects follow the partially inaugurated Coastal Road (South) and aim to streamline travel, reduce congestion, and deliver significant infrastructure milestones ahead of upcoming elections.Read more

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Singapore Consul-General meets MMRDA to push Singapore partnerships and Davos MoUs

03 Mar 2026

Singapore's Consul-General in Mumbai, Mr. Cheong Ming Foong, met with MMRDA Commissioner Dr. Sanjay Mukherjee to discuss strengthening Singapore MMRDA collaborations and accelerating implementation of the Davos MoUs. The talks covered progress on projects involving Surbana Jurong and Sembcorp, as well as potential investments from Singaporean financial institutions like Mapletree, Ascendas Firstspace, and JM Financial Singapore. Dr. Mukherjee highlighted that the approved MMRDA Land Disposal Policy will facilitate transparent land allocation and help convert strategic MoUs into actual on-ground projects aligned with industrial, logistics, and sustainable infrastructure priorities.Read more

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95-year-old woman seeks criminal action over INR 87 crore Borivali land compensation dispute

Mumbai News Desk

03 Mar 2026

A 95-year-old Borivali resident, Anusuya Devrukhkar, has sought criminal proceedings against land acquisition officials and a private builder over the alleged wrongful disbursal of more than INR 87 crore in compensation for her family's land reserved for a public garden. The family has accused authorities of releasing over INR 60 crore to the builder on the basis of disputed 1992 documents and ignoring safeguards meant for Scheduled Caste landowners under the 2013 land acquisition law. Recovery of funds is ongoing, and multiple appeals are pending before the Bombay High Court.Read more

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BMC house clears proposal to extend property tax exemption to 700 sq ft homes in Mumbai

Mumbai News Desk

03 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) house has approved a proposal to raise the property tax exemption limit for residential units from 500 sq ft to 700 sq ft. If cleared by the Maharashtra government, the move will extend full tax relief to nearly two lakh additional homes, taking the total exempt properties in Mumbai to around 17 lakh. While the proposal is expected to benefit middle-class and small homeowners, it could increase the civic body's annual revenue loss from about INR 400 crore to nearly INR 700 crore.Read more

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Runwal Malabar

03 Mar 2026

Mumbai City, India

Runwal Malabar offers ultra-luxury 3 & 5 BHK simplex and duplex sky mansions in prestigious Malabar Hill, South Mumbai. Enjoy Arabian Sea views, sky lounge with 270° panoramas, double-height lobby, and premium amenities in an exclusive low-density community. Perfect for elite living near Hanging Gardens and business districts.

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Mumbai’s Tardeo–Nagpada–Mumbai Central flyover opens, restoring key east–west connectivity

02 Mar 2026

Mumbai's road network in the central corridor has received a major boost with the opening of the Tardeo Nagpada Mumbai Central flyover. Maharashtra Chief Minister Devendra Fadnavis inaugurated the 333-metre structure via videoconference in the past week, in the presence of Deputy Chief Minister Eknath Shinde. The flyover replaces a 130-year-old British-era bridge that had been declared unsafe and dismantled nearly two years ago. Built by the Brihanmumbai Municipal Corporation ahead of schedule, the project is expected to ease congestion and significantly improve east-west traffic movement in South Mumbai.Read more

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Shraddha Kapoor renews lease on Juhu sea-facing apartment at INR 6 lakh per month

Mumbai News Desk

02 Mar 2026

Bollywood actor Shraddha Kapoor has renewed the lease on her premium sea-facing apartment in the Prime Beach building in Juhu, Mumbai, agreeing to pay a monthly rent starting at INR 6 lakh, according to property registration documents reviewed from the Inspector General of Registration (IGR) records. The lease renewal, registered in February 2026, is for a 12-month term, making the total rental value for the period INR 72 lakh. The apartment spans approximately 365 sq metres (about 3,929 sq ft) and includes four dedicated car parking spaces. The renewal follows a prior lease registered in October 2024 and reflects sustained demand for high-end residential rentals in Mumbai's coveted Juhu locality, one of the city's most sought-after neighbourhoods for premium real estate. The agreement attracted a stamp duty payment of INR 36,000 and registration charges of INR 1,000.Read more

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BMC proposes INR 80,952.56 crore budget for FY27 with higher capex focus

02 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has proposed a total budget outlay of INR 80,952.56 crore for the financial year 2026-27, reflecting an increase of 8.77 per cent over the previous year's estimate. Capital expenditure has been set at INR 48,164.28 crore, marking a rise of nearly 11.6 per cent compared to the revised allocation for FY26, underscoring a continued focus on infrastructure-led spending. Revenue expenditure has also been increased, alongside higher projected revenue income driven partly by improved property tax collections. The budget was tabled earlier this week by Municipal Commissioner Bhushan Gagrani and comes after downward revisions to both capital and revenue spending in the ongoing fiscal following expenditure rationalisation measures.Read more

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BMC moves to auction Mumbai properties to recover over INR 269 crore in pending tax

Mumbai News Desk

02 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has initiated steps to auction 12 properties across Mumbai to recover over INR 269 crore in long-pending property tax dues. Final notices have been issued to defaulters, giving them 21 days to clear payments before e-auction proceedings begin. The properties include commercial buildings, vacant plots and mixed-use sites in prime locations such as Fort, Bandra, Andheri and Santacruz. The action is part of BMC's ongoing drive to improve tax recovery and strengthen municipal revenues amid rising arrears.Read more

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Shree Krishna One Uttam

02 Mar 2026

Mumbai City, India

Shree Krishna One Uttam is a premium residential project by Shree Krishna Group in Chembur East, Mumbai, spanning 3.5 acres with 4 towers of 18 floors each. It offers spacious 2, 3, 4 & 6 BHK apartments (780-2400 sq ft) with amenities like swimming pool, gym, clubhouse, jogging track, and kids' play area. Gated community with excellent connectivity to Eastern Express Highway, Chembur station, and local malls.

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Bombay High Court upholds Metro 1 cost escalation claim but reduces compensation amount

Mumbai News Desk

01 Mar 2026

The Bombay High Court has partly upheld an arbitral award in favour of Mumbai Metro One Pvt Ltd (MMOPL) in its dispute with the Mumbai Metropolitan Region Development Authority (MMRDA) over cost escalation in Metro Line 1. While the court accepted that project delays led to higher costs, it significantly reduced the compensation earlier granted by the tribunal. Several additional claims, including overheads, financing costs and loss of profit, were rejected due to insufficient proof. The ruling follows a long legal battle arising from delays in executing Mumbai's first metro corridor.Read more

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