11 Jul 2025

The BMC is considering developing a dedicated indoor event space near the Mahalaxmi Racecourse stables in Mumbai, encouraged by a INR 7.5 crore revenue boost from recent events. The proposed 15-acre facility would host cultural and corporate events, especially during monsoons. This initiative follows BMC taking possession of 120.1 acres of the 212.7-acre racecourse plot last year. Officials also discussed mapping underground utilities and coordinating a pedestrian tunnel to the Metro 3 station, ensuring development without disrupting horse racing.Read more

11 Jul 2025

Piramal Realty has finalised a high-value deal exceeding INR 100 crore, involving the sale of a premium penthouse and two duplex apartments at its flagship Piramal Mahalaxmi project in Mumbai. The buyer, whose identity has not been revealed, acquired over 13,000 sq ft of carpet area located on the topmost floors, offering panoramic views of the Mahalaxmi Racecourse and the Arabian Sea. This transaction highlights the continued appetite for ultra-luxury homes in the Mumbai Metropolitan Region (MMR).Read more

11 Jul 2025

Three companies; Navayuga Engineering, Re Sustainability, and H G Infra Engineering, have bid for the BMC's INR 2,368 crore tender for bioremediation work at the Deonar dumpsite in Mumbai. The project aims to clear 185 lakh tonnes of waste and reclaim 110 hectares of land. The cleared land is designated for housing under the Dharavi Redevelopment Project. All bidders have previous associations with the Adani Group. The final financial bid is scheduled to open on July 11, marking a step in Mumbai's waste management and urban development efforts.Read more

10 Jul 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has formed a committee to address overcrowding on Metro 1 (Versova-Andheri-Ghatkopar line). This action follows a recent technical failure that caused excessive crowding. The committee, led by former chief secretary Johny Joseph, will review service disruptions and evaluate solutions. The Metro 1 operator, MMOPL, plans to deploy standby rakes, upgrade four-coach trains to six, and reconsider mixed-loop services to improve commuter experience. Metro 1, operational since July 2014, currently carries 500,000 daily passengers.Read more

10 Jul 2025

Fish vendors from Chhatrapati Shivaji Maharaj Market in Fort, Mumbai who were displaced four years ago due to an unsafe building, are set to be rehabilitated next month at the redeveloped Mahatma Jyotiba Phule market (Crawford Market). The new facility, with two basements and three upper floors, will offer dedicated sections for wholesale and retail fish, parking for 84 vehicles, and modern amenities like cold storage and effluent treatment plants. This move follows BMC's 2021 evacuation order and responds to demands for rehabilitation in the same vicinity, confirming plans for the previously earmarked site amidst its recent leasing.Read more

10 Jul 2025

Mumbai's Slum Rehabilitation Authority (SRA) has launched a month-long campaign to regularize ownership in stalled slum redevelopment projects. This initiative, part of a Maharashtra government amnesty scheme, aims to update Annexure-2 lists with buyers' names for eligibility. The drive addresses delays and legal disputes from unregistered ownership transfers. Ten camps have been set up for residents to submit documents. Buyers of slum buildings before January 1, 2011, are eligible. The campaign seeks to expedite projects and prevent future controversies.Read more

10 Jul 2025

Slum dwellers in Malad, Mumbai, have been relocated to Permanent Transit Camp (PTC) homes to make way for completing a crucial 550-meter road link from Shankar Lane to New Link Road. This marks the first time PTC homes-originally meant for temporary housing-are being used for permanent resettlement under a 2024 Maharashtra government resolution. Of 357 affected structures, 110 have been demolished, with 64 more to follow after residents received new home keys. The full project will ease traffic between Malvani and the Western Express Highway. Phase 3 and further resettlements are expected soon, with road alignment adjustments planned near Valnai metro station.Read more

09 Jul 2025

The ambitious redevelopment of Motilal Nagar 1, 2, and 3 in Goregaon (West), Mumbai, received a major push with MHADA signing an agreement with the Adani Group to act as the Construction and Development (C&D) agency for the project. Spread across 142 acres, the initiative is billed as India's largest redevelopment project under the C&D model. Residents will be rehabilitated in ultra-modern 1,600 sq. ft. apartments, while commercial tenants will receive 987 sq. ft. spaces. Designed around the "15-minute city" concept, the project is set to offer seamless urban living with world-class infrastructure.Read more

09 Jul 2025

The Sindoor flyover in South Mumbai, earlier known as the Carnac bridge, is set to open to the public following its scheduled inauguration by Maharashtra Chief Minister Shri Devendra Fadnavis. Developed by the BMC, the bridge spans 328 metres and facilitates two-way traffic between East and West South Mumbai near Masjid Bunder. Constructed within a strict timeline after the dismantling of the old Carnac bridge in August 2022 due to safety concerns, the new flyover integrates complex civil engineering features, including dual 550-metric-ton steel girders and RCC piers, and has secured all required safety and structural approvals.Read more

08 Jul 2025

Puravankara Limited has won the bid to redevelop eight residential societies in Chembur, Mumbai. This project covers about 4 acres with over 1.2 million sq ft of development potential and an estimated Gross Development Value (GDV) of INR 2,100 crore. The move expands Puravankara's presence in Mumbai's redevelopment sector, which now includes 3.6 million sq ft of projects across 11 sites in Mumbai and Pune. The company aims for a GDV of INR 18,000 crore from the western region, with INR 7,700 crore from redevelopment alone.Read more

06 Jul 2025

The Union Environment Ministry has granted final clearance for forest land transfer to build twin tunnels under Mumbai's Sanjay Gandhi National Park, part of the Goregaon-Mulund Link Road (GMLR) project. The 4.7 km tunnels, costing 6,500 crore, will connect Goregaon's Film City to Mulund's Khindipada by 2028. Built 20-160 meters underground, they'll include safety systems, utility ducts, and control rooms. Despite diverting 19.43 hectares of forest, no trees will be affected, and afforestation will be done in Chandrapur district. Extensive environmental studies guided the project. Once completed, the tunnels will cut cross-city travel time from 75 to 25 minutes and lower carbon emissions by over 22,000 tonnes annually.Read more

06 Jul 2025

Arkade Developers Ltd has acquired Filmistan Pvt Ltd, the corporate entity owning the landmark 4-acre land parcel known as Filmistan Studios, situated on SV Road in Goregaon West, Mumbai. The acquisition, completed for a total investment of INR 183 crore, will allow the company to develop a premium residential project with an estimated Gross Development Value (GDV) of INR 3,000 crore. The company announced that it has entered into a binding agreement to purchase 100 percent of Filmistan Pvt Ltd through a Share Purchase Agreement.Read more

05 Jul 2025

The Maharashtra Housing and Area Development Authority (MHADA) has partnered with Keystone Realtors for the redevelopment of Sindhi refugees housing in Sion Koliwada, Mumbai. This project targets over 1,200 families. The colony, covering 11.20 acres, housed buildings demolished in 2020 due to being unsafe. Each eligible family will receive a free 635 sq ft apartment, along with INR 20,000 monthly rent during construction and five years of maintenance. Executed under DCPR Regulation 33(9), this marks MHADA's first private land redevelopment through an appointed agency.Read more

04 Jul 2025

Actor-director Aatish Kapadia and his wife Alison Kapadia have purchased a 3,030 sq ft luxury apartment in Goregaon, Mumbai, for INR 15.31 crore. The transaction was registered on June 25, with INR 91.86 lakh stamp duty paid. Located in Oberoi Realty's Elysian, the apartment includes three parking spaces. This acquisition highlights Goregaon's appeal as a well-connected hub for professionals and creatives. Other transactions in the same project totaled INR 1,035 crore in sales over the last year, reflecting strong demand in Mumbai's luxury real estate market.Read more

04 Jul 2025

The Bombay High Court has dismissed petitions challenging the conversion of Mumbai's historic Mayor's Bungalow into a memorial for late leader Bal Thackeray. The bench ruled that the decision is a government policy matter and found no legal basis to interfere. Petitioners had raised concerns over heritage protection, environmental rules, and the composition of the public trust overseeing the memorial. The court noted the bungalow's heritage structure remains intact and restored, and construction is nearly complete. With all legal procedures followed, and the land reclassified from green to residential, the court upheld the INR 1 lease and cleared the path for the memorial's completion.Read more