Mr. Aditya N. Shah, Director of Mayfair Housing.

20 Jul 2025

Mira Road has evolved from a peripheral suburb into a fast-developing luxury real estate destination, attracting homebuyers and investors seeking premium living at more reasonable rates than central Mumbai. Backed by improved infrastructure, expansive residential projects, and growing connectivity via highways and the metro, the area now combines affordability with sophistication. Its strategic location, proximity to IT parks, and inclusion in upcoming developments like the Mumbai-Ahmedabad bullet train and coastal road extension have significantly raised its desirability. Mira Road is now emerging as a prime residential zone with strong growth prospects and superior value for investment.Read more

20 Jul 2025

Indian Hotels Company Ltd (IHCL), part of the Tata Group, has invested over INR 165 crore in its subsidiary ELEL Hotel and Investment Ltd to support the development of the upcoming Taj Bandstand hotel in Mumbai. The capital infusion involved acquiring more than 3.3 lakh equity shares through a rights issue, with each share priced at INR 5,000. ELEL holds leasehold rights to the iconic Bandstand land parcel in Bandra, where the new luxury property will be built. This move highlights IHCL's focus on expanding its premium hotel footprint in major cities and reinforces its long-term commitment to luxury hospitality in top-tier urban locations.Read more

18 Jul 2025

DLF Ltd, India's largest real estate company by market capitalization, has re-entered the Mumbai residential market with a luxury housing project named Westpark in Andheri (West). Developed under the Slum Rehabilitation Authority (SRA) scheme in partnership with Trident Group, the project involves an investment of INR 900 crore. The total expected revenue from the project is pegged at INR 2,300 crore.Read more

17 Jul 2025

Bollywood star Salman Khan has sold his 1,318 sq ft apartment in Mumbai's upscale Shiv Asthan Heights, Bandra, for INR 5.35 crore. The deal, confirmed through property records reviewed by Square Yards, reflects growing activity in the city's luxury housing segment. Registered this month, the apartment sits in a premium celebrity-favoured locality. Since the pandemic, Mumbai has seen several celebrities and high-net-worth individuals reshuffling their real estate portfolios, either buying or selling high-value properties. These movements, influenced by shifting investment goals and lifestyle changes, underline the resilience of Mumbai's high-end housing market, especially in sought-after areas like Bandra.Read more

17 Jul 2025

Mumbai Police have filed an FIR against Hiranandani Builders & Developers for unauthorized excavation and soil erosion near the Powai helipad. The BMC issued a notice on July 7, 2025, but work on the 300m long, 4-5m wide, and 1-2m deep excavation continued despite a stop-work order issued on July 5. The case, registered under sections 52 and 43 of the MRTP Act, highlights continued activity even after civic body intervention. This action follows the BMC approaching police after its notices were not complied with.Read more

16 Jul 2025

The Maha Mumbai Metro has expanded its operational capacity on Metro Lines 2A and 7, increasing daily services from 284 to 305 trips. To address peak-hour crowding, 21 additional services have been introduced, reducing the frequency interval to 5 minutes and 50 seconds from the previous 6 minutes and 35 seconds. This service upgrade is backed by the deployment of three newly-inducted trainsets aimed at meeting growing commuter demand. The move reflects the authority's continued effort to enhance connectivity and efficiency across Mumbai's expanding metro network.Read more

15 Jul 2025

Electric vehicle major Tesla is set to make its formal foray into the Indian market with the launch of its first experience centre at Bandra Kurla Complex, Mumbai. The event, positioned as the "launch of Tesla in India", will mark the company's official entry into the country. Tesla has already leased warehouse space in Mumbai and shipped its first set of Model Y rear-wheel drive SUVs from China. However, its push into the Indian market comes despite unresolved concerns over import tariffs and the absence of any local manufacturing plans.Read more

15 Jul 2025

Maharashtra Chief Minister Shri Devendra Fadnavis recently announced that construction of India's first offshore airport, the Vadhvan Airport near Mumbai, is expected to begin in 2026. The state has already appointed an agency to prepare the detailed project report. This would be the third airport in the Mumbai Metropolitan Region after the existing Mumbai airport and the upcoming Navi Mumbai airport. Fadnavis also shared progress on the Purandar airport near Pune and plans to expand aviation infrastructure across the state's districts.Read more

14 Jul 2025

The Bombay High Court has rejected a public interest litigation (PIL) challenging the use of Mumbai's salt pan land for the Dharavi Redevelopment Project. The bench, headed by Chief Justice D K Upadhyaya and Justice Arif Doctor, ruled that no evidence supported the claim that the land was environmentally sensitive or legally restricted. The judges stated that governmental approvals had already been secured for its use, with no legal bar cited under existing urban planning laws. The PIL had raised concerns over CRZ violations and the potential precedent such land use could set.Read more

14 Jul 2025

Maharashtra Chief Minister Shri Devendra Fadnavis is scheduled to hand over keys to the first 556 BDD flats in Worli, Mumbai, on July 21. These 500 sq ft homes are for tenants previously in transit accommodations as part of the BDD chawls redevelopment. MHADA, the nodal agency, expects to distribute 3,989 flats across three sites by year-end. Despite project delays leading to a INR 13 crore penalty for the contractor, authorities are keen to expedite rehabilitation, with occupancy certificates for the initial units expected soon.Read more

14 Jul 2025

The Brihanmumbai Municipal Corporation (BMC) has started work on a 1.2 km stretch of the Coastal Road Project's second phase in Goregaon, Mumbai. This section lies outside the Coastal Regulation Zone (CRZ). The north phase of the project, connecting Versova to Bhayandar, encompasses elevated roads and twin tunnels, with most of its area within CRZ limits. The BMC recently received Stage 1 approvals for mangrove diversion and will now approach the High Court for working permissions before final environmental clearances.Read more

14 Jul 2025

Work on the INR 694 crore Goregaon creek bridge, a 512-meter, 3+3 lane project, is expected to begin around August. Approved by BMC in 2022, the bridge will connect Andheri West and Goregaon West, offering an alternative to New Link Road. The project faced delays due to environmental clearances in CRZ areas and over 2,500 slum tenements in its path. Despite recent court approvals, a Slum Rehabilitation Authority (SRA) project needs to clear homes on the Goregaon side. Felling 31 mangroves is planned, with 444 new ones as compensation.Read more

13 Jul 2025

The Indian Venture and Alternate Capital Association (IVCA) will host its inaugural Renewable Energy Summit 2025 on July 15 in Mumbai. Organized with Avendus, EAAA Alternatives, and Singularity Capital, the summit aims to accelerate capital deployment and public-private collaboration in India's clean energy sector. Amidst India's non-fossil fuel power capacity reaching 44%, the event will convene global and domestic investors, policymakers, and entrepreneurs. Discussions will cover clean power finance, renewable energy's role in EVs and AI, energy storage innovations, and policy. The summit highlights India's position as a top destination for clean energy investments.Read more

13 Jul 2025

The BMC has proposed to demolish the 129-year-old Vikas Premises Cooperative society building in Fort, Mumbai, citing its dangerous condition. The structure houses the iconic Jimmy Boy restaurant. Residents, however, oppose the demolition, hoping for restoration. This comes after the Bombay High Court dismissed a resident petition in late 2023, prioritizing public safety. All 37 society members have vacated. While the BMC proceeds to appoint a contractor for demolition, the restaurant owner maintains that other avenues are being explored, highlighting the complexity of heritage building redevelopments.Read more

12 Jul 2025

Mumbai's domestic hazardous waste collection initiative has seen nearly 2,000 establishments register, including housing societies and beauty parlours, covering about 4.5 lakh citizens. The Brihanmumbai Municipal Corporation (BMC) transports an average of 1.7 tonnes of waste daily to six plasma incineration facilities. This initiative aims for safe disposal of items like diapers and medicines, which can contaminate other waste. Despite generating 80-100 tonnes daily, the current collection is a fraction. The BMC plans more efforts to boost participation and manage all waste categories.Read more