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

Celebrity Deals: Akshay Kumar sells two Borivali flats for INR 7.10 crore

02 Aug 2025

Actor Akshay Kumar recently sold two flats in Borivali East, Mumbai earning nearly 91% profit on the transaction. The combined sale value stood at INR 7.10 crore. These properties, located in Oberoi Sky City, were originally purchased in 2017. One of them, a 1,101 sq ft apartment, fetched INR 5.75 crore, while the smaller 252 sq ft unit was sold for INR 1.35 crore. The resale took place earlier this week, with both transactions showing significant appreciation and highlighting strong demand in the western suburbs.Read more

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Bombay High Court upholds BMC's revised solid waste tender conditions

02 Aug 2025

The Bombay High Court recently ruled in favor of the Brihanmumbai Municipal Corporation (BMC), dismissing two petitions that challenged modified tender conditions for solid waste collection and transportation. Petitioners had sought a fresh tender with older criteria, arguing that the new seven-year experience requirement was impossible for Mumbai contractors to meet. The court, however, affirmed that the civic body is best placed to define its tender requirements and that the court cannot overrule its judgment. This decision allows BMC to proceed with its waste management tender, ensuring essential services continue without interruption.Read more

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Bombay High Court orders demolition of illegal six-storey building in Kalyan

02 Aug 2025

The Bombay High Court today directed the Kalyan-Dombivli Municipal Corporation (KDMC) to demolish a ground-plus-six-storey illegal building in Govindwadi, Ayare village, Kalyan, within two months. This order follows a complaint filed by a local resident last year, stating that the building, named Siyam Villa, was constructed without any planning permissions. The court emphasized that such unauthorized constructions cannot be regularized and must be demolished. This ruling highlights the court's firm stance against illegal building activities and its expectation that civic bodies enforce demolition notices swiftly, ensuring adherence to urban planning laws.Read more

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BMC drops plan to convert Sion cycling track into parking lot

02 Aug 2025

The Brihanmumbai Municipal Corporation (BMC) has scrapped its proposal to convert a portion of the cycling track near Priyadarshani Garden in Sion, Mumbai, into a parking lot. This decision follows a detailed inspection that revealed a large water pipeline running underneath the track, making it unsuitable for parking. The track was originally built for cyclists but has remained largely unused. The civic body's reversal comes amidst a push for green spaces and sustainable transport in Mumbai, ensuring the area's original purpose is preserved, even as the search for suitable parking solutions continues across the city.Read more

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Mass Eminence

01 Aug 2025

Mumbai City, India

Mass Eminence in Powai, Mumbai, offers modern 1 BHK flats with amenities like kids' play areas and indoor games. Strategically located near Jogeshwari-Vikroli Link Road, it ensures excellent connectivity and a serene lifestyle.

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BMC receives bids for only 22 of 64 slum plots under DCPR 33(10) Scheme

01 Aug 2025

The Brihanmumbai Municipal Corporation (BMC) recently opened bids for the redevelopment of 64 slum plots on its land, receiving 86 responses. However, only 22 plots across seven wards attracted bidders, while 26 schemes found no takers and 17 were kept on hold due to technical reasons. This initiative, under Regulation 33(10) of DCPR-2034, allows for redevelopment without the consent of slum dwellers on BMC-owned land. The civic body aims to develop around 400,000 square meters of land and will remain the planning authority, with further bid openings scheduled for early August.Read more

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Bombay High Court halts SRA scheme on Bombay University land

31 Jul 2025

The Bombay High Court has issued an interim order temporarily stopping a Slum Rehabilitation Authority (SRA) scheme on over 3.5 acres of land designated for Mumbai University. The university claims the land, acquired for academic purposes between 1967 and 1974, was improperly recorded, leading to encroachment and its notification as a slum without the university's knowledge. Justices GS Kulkarni and Arif Doctor expressed concern over public land being used for slum redevelopment due to the government's failure to prevent encroachment. The court adjourned the matter to August 11, seeking replies from all parties involved, to clarify whether SRA can approve such a scheme on land meant for a public institution.Read more

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Five Mumbai gardens fail disability audit, BMC promises upgrades

31 Jul 2025

Five prominent gardens in Mumbai, including Shivaji Park and Kamala Nehru Park, have reportedly failed a recent disability access audit conducted by a non-profit organisation. The audit, which assessed features like ramps, accessible toilets, and tactile paths, found significant shortcomings, highlighting the Brihanmumbai Municipal Corporation's (BMC) failure to make public spaces inclusive for persons with disabilities. Despite past directives and ongoing efforts for accessibility, many gardens remain challenging for wheelchair users. The BMC has acknowledged the findings and committed to implementing necessary upgrades, aiming to ensure all public gardens meet universal accessibility standards.Read more

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Alag Aum Laxminarayan

31 Jul 2025

Mumbai City, India

Alag Aum Laxminarayan in Ghatkopar East, Mumbai, offers luxurious 2 and 3 BHK flats with amenities like kids' play areas and a party hall. Ideally located near Eastern Express Highway, it ensures excellent connectivity and a vibrant lifestyle.

View Website | Visit RERA website

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Bombay High Court clears Adani-MHADA's INR 21,000 crore Motilal Nagar redevelopment

30 Jul 2025

The Bombay High Court recently dismissed a review petition filed by the Motilal Nagar Vikas Samiti, thereby clearing the way for the substantial redevelopment of 141 acres of MHADA land in Goregaon West, Mumbai. Adani Realty has been appointed as the Consultant and Development Agency for this project, estimated to cost INR 21,000 crore. The court reaffirmed MHADA's right as the landowner to appoint private developers through competitive bidding. This decision, which follows earlier legal actions over illegal constructions, allows the large-scale housing redevelopment to proceed, with the developer covering costs for transit, rehabilitation, and related amenities for eligible residents.Read more

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Bombay High Court orders probe into 935 MHADA redevelopment notices, citing misuse

30 Jul 2025

The Bombay High Court has ordered a probe into 935 redevelopment notices issued by MHADA's Mumbai Building Repairs and Reconstruction Board (MBRRB), questioning their legitimacy. The court found that these notices-labeling cessed buildings as dangerous-were based only on visual inspections, without structural assessments. A two-member committee led by retired judges will investigate whether officials acted arbitrarily or with improper motives. The court criticized MHADA's reliance on a December 2024 SOP that allegedly exceeded legal authority. This ruling reinforces property rights and curbs misuse of Section 79A of MHADA guidelines. The case will be reviewed on August 12, with a report due in six months.Read more

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Bombay High Court directs Lonavala civic body to improve infrastructure and protect ecology

30 Jul 2025

The Bombay High Court has directed the Maharashtra government and the Lonavala Municipal Council to take immediate steps to improve civic infrastructure at the popular hill station. This order comes in response to a petition highlighting issues like illegal constructions, traffic congestion, and waste management failures. The court emphasized the need for better roads, drains, footpaths, and streetlights, alongside measures to protect Lonavala's natural environment. This directive aims to address the challenges posed by the unchecked growth of the tourist destination and ensure sustainable development for both residents and visitors.Read more

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Essence Ratan Laxmi Villa

30 Jul 2025

Mumbai City, India

Essence Ratan Laxmi Villa in Mulund West, Mumbai, offers elegant 1 and 2 BHK flats with amenities like kids' play areas and yoga zones. Strategically located near LBS Marg, it ensures excellent connectivity and a peaceful living experience.

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Bombay High Court directs MahaRERA to reinstate hybrid hearings in four weeks

29 Jul 2025

The Bombay High Court has instructed MahaRERA to bring back hybrid hearings within four weeks, allowing parties to choose between physical and virtual appearances. This order came in response to a public petition that raised issues of stalled execution proceedings, missing timelines, and lack of urgent case listings. The court noted that denying physical hearings despite available infrastructure was unjustified and a violation of fair access to justice. It also directed MahaRERA to update its circular and procedures to include timestamped orders, clear scheduling, and greater transparency through published contact and hearing details. A compliance report is expected in the coming weeks.Read more

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RV Navkar Omnia

29 Jul 2025

Mumbai City, India

RV Navkar Omnia in Lower Parel, Mumbai, offers stylish 1 BHK flats with modern amenities like kids' play areas and jogging tracks. Conveniently located near N M Joshi Marg, it provides excellent connectivity and a vibrant urban lifestyle.

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SRA recovers INR 1,386 crore in unpaid rent from Mumbai builders over three years

29 Jul 2025

Mumbai's Slum Rehabilitation Authority (SRA) has recovered INR 1,386 crore in unpaid rent from builders over the past three years, marking a major push for financial compliance in slum redevelopment. The amount includes INR 601 crore from regular collections, INR 134 crore via an amnesty scheme, and INR 650 crore from a rule mandating two years' advance rent. A recent amendment to the Maharashtra Slum Areas Act empowers SRA to seize assets-even those of company directors-to recover dues. CEO Mahindra Kalyankar stated these steps will ensure timely rent for slum dwellers awaiting rehousing and help accelerate project completion across the city's dense informal settlements.Read more

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MMRC invites bids for feeder bus services on Mumbai Metro Line 3

28 Jul 2025

The Mumbai Metro Rail Corporation (MMRC) has invited bids from public transport operators to run feeder bus services for Mumbai Metro Line 3. This initiative aims to improve last-mile connectivity for commuters, linking 27 underground stations to nearby residential and commercial areas. The service will begin in phases, with trial operations for Line 3 starting in October. The plan involves 92 proposed routes managed through a Public-Private Partnership model, utilizing GPS-tracked electric buses, aligning with MMRC's goal to offer eco-friendly transport and reduce road congestion in Mumbai.Read more

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Mumbai's Madh-Versova bridge project receives environmental clearance after a year's delay

28 Jul 2025

The Madh-Versova bridge project in Mumbai has secured environmental clearance from the Union Environment Ministry, marking a key milestone for the INR 2,395 crore initiative. However, the project still requires Bombay High Court approval, as it will impact 2.3 hectares of protected mangroves. The 2.06-km cable-stayed bridge aims to connect Madh Island to Versova, easing travel by bypassing long detours. Environmental groups have raised concerns over the loss of stormwater buffers and the project's location in a former no-development zone. The BMC's Bridges Department is overseeing implementation, as the city continues to weigh infrastructure needs against ecological preservation in sensitive coastal areas.Read more

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DLF and Trident Realty's Andheri West project sees INR 2,300 crore in bookings

28 Jul 2025

DLF Ltd has sold all 416 units in Phase 1 of its luxury project, The Westpark, in Andheri West, Mumbai, generating INR 2,300 crore in just days. Developed under the SRA scheme with Trident Realty, the project marks DLF's re-entry into Mumbai after a decade-long hiatus. DLF holds a 51% stake in the special purpose vehicle, with a combined investment of INR 900 crore. This successful launch, alongside strong performance in Gurugram, has helped DLF surpass 50% of its FY2024-25 sales target. The firm recorded all-time high sales of INR 21,223 crore last fiscal and aims for INR 20,000-22,000 crore this year.Read more

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Strong anti-encroachment action carried out in Ghansoli by Navi Mumbai civic body

28 Jul 2025

The Navi Mumbai Municipal Corporation (NMMC) undertook a demolition drive in Ghansoli after unauthorised RCC construction continued despite prior notice. The action was initiated under the guidance of the Municipal Commissioner and senior civic officials, targeting illegal work on a ground-floor column and a progressing first-floor slab by a local developer. The civic team, supported by police personnel, deployed labourers and breakers to remove the structure. The NMMC confirmed that similar encroachments would face intensified enforcement going forward.Read more

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