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

Mumbai EOW closes INR 67.5 crore cheating case against Kamala Mills developer citing lack of evidence

Mumbai News Desk

20 Mar 2026

Mumbai Police's Economic Offences Wing (EOW) has closed a cheating case involving approximately INR 67.5 crore against Kamala Mills owner and developer Ramesh Govani, following a detailed investigation into a redevelopment dispute. The closure, reported in the past week, comes after the agency filed a B summary report before a metropolitan magistrate court, citing insufficient evidence to support the allegations. The complaint related to a land redevelopment agreement under which compensation of INR 20 crore along with residential and commercial units had reportedly been promised but not delivered. Investigators found that the agreement between the parties had been mutually cancelled in 2017, a fact not disclosed in the original complaint, leading authorities to conclude that criminal intent could not be established.Read more

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BMC advances citywide road concretisation while preparing for next expansion phase

Mumbai News Desk

20 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) continues its large-scale road concretisation project, replacing asphalt and paver surfaces with concrete across Mumbai's island city and suburbs. So far, over 1,330 km of roads have been completed under two phases of the initiative, which targets more than 2,050 km in total. As civic authorities prepare estimates for a proposed next phase costing around INR 2,500 crore, political leaders have raised concerns over coordination issues, unfinished work, and tender transparency. The project remains a key step in improving city roads and commuter safety.Read more

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Sandhurst Road BIT chawls residents seek redevelopment on BDD model

Mumbai News Desk

20 Mar 2026

Residents of the seven Bombay Improvement Trust (BIT) chawls near Sandhurst Road in Mumbai have called for redevelopment similar to the ongoing Bombay Development Directorate (BDD) projects. Though the Brihanmumbai Municipal Corporation (BMC) and Central Railway (CR) label these buildings as old and potentially unsafe, residents argue they remain structurally sound. They want funds earmarked for redevelopment to be used to upgrade their homes to 500 sq ft units like BDD chawls. The debate highlights safety concerns, questions about rehabilitation policy, and the need for better use of public funds for historic housing clusters.Read more

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Adityaraj Park

20 Mar 2026

Mumbai City, India

Adityaraj Park by Adityaraj Group offers premium 1 & 2 BHK apartments (389-561 sq ft carpet) in Subhash Nagar, Chembur East, Mumbai. Under construction with amenities like gym, jogging track, kids' play area, yoga zone, and excellent connectivity to Eastern Express Highway, Chembur station, and BARC Hospital. Possession expected Dec 2028

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Navi Mumbai civic body may remove over 70 trees and road divider for planned F4 race in Nerul

19 Mar 2026

Preparations for a proposed Formula-4 (F4) street race in Nerul, Navi Mumbai, have drawn objections from environmental activists who claim that more than 70 trees may be cut or relocated to facilitate the event. The Navi Mumbai Municipal Corporation is expected to spend around INR 28 crore on hosting the race. Activists have raised concerns over the removal of trees from a road divider and the possible use of a nearby playground for event infrastructure. They have also warned about traffic disruptions and environmental impact, while civic authorities continue planning the event scheduled for later this year.Read more

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Bombay high court rejects Koli community plea against slum redevelopment in Khar West, directs dispute to civil court

Mumbai News Desk

19 Mar 2026

The Bombay High Court has dismissed a petition filed by two societies representing the Koli fishing community in Danda Koliwada, Khar West, challenging slum redevelopment on land traditionally used for fish drying. The order, issued in the past week, upheld a court-appointed committee's findings that redevelopment would not impede fishing activities. The dispute relates to approximately 3,449 sqm of land, part of a larger 9,588 sqm parcel notified as a slum rehabilitation area by the Slum Rehabilitation Authority. The court held that the issues raised required detailed factual examination and could not be adjudicated under writ jurisdiction. Petitioners have been granted limited interim relief, with a short continuation of status quo, while being directed to pursue remedies before a competent civil court.Read more

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Naigaon BDD residents begin shift to 2BHK homes after decades in chawls

Mumbai News Desk

19 Mar 2026

Over 800 families from the Naigaon BDD chawls in Mumbai have started moving into newly constructed 2BHK apartments under a major MHADA-led redevelopment project. A total of 864 flats have been handed over in the first phase, with more units expected by April 2026. The redevelopment will replace old 160 sq ft tenements with modern homes of about 500 sq ft. The larger BDD redevelopment plan across Mumbai aims to rehabilitate nearly 15,000 families while improving infrastructure and living conditions without displacing long-standing communities.Read more

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BMC to renegotiate Gargai dam contract to reduce rising project cost

Mumbai News Desk

19 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) plans to renegotiate the Gargai dam contract after the project cost rose to around INR 5,396 crore, about 11% higher than the original estimate. The standing committee has asked officials to revise the proposal and reduce the financial burden before approval. The project, located in Palghar, is expected to add 440 MLD to Mumbai's water supply and is targeted for completion by 2029. Cost escalation due to land acquisition, rehabilitation, and environmental requirements remains a key concern.Read more

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Cuffe Parade protest over sea bund turns tense as residents and fisherfolk face off

Mumbai News Desk

19 Mar 2026

A dispute over a proposed sea protection bund near Machhimar Nagar in Cuffe Parade led to opposing protests by residents and the local fishing community. Residents raised concerns about possible land reclamation and future encroachments due to ongoing stone dumping, while fisherfolk supported the project, citing repeated flooding during high tides. The situation turned tense when both groups confronted each other at a public garden, requiring police intervention. Authorities maintained that the project is scientifically designed to prevent coastal erosion and protect vulnerable settlements.Read more

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BMC to prepare local area plans around Metro 3 stations for better urban planning

Mumbai News Desk

19 Mar 2026

The Brihanmumbai Municipal Corporation has proposed preparing Local Area Plans (LAPs) for neighbourhoods around all 27 stations of Mumbai Metro Line 3 to improve land use, traffic management, and infrastructure planning. The first phase will cover four stations at a cost of about INR 1.37 crore. The study will include surveys, satellite mapping, and infrastructure assessments. The plans aim to guide development, improve last-mile connectivity, and ensure better integration of transport and urban growth. The full exercise is expected to be completed by 2028.Read more

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Council sees uproar over delay in INR 10,900 crore dues to Mumbai civic body

Mumbai News Desk

19 Mar 2026

A disruption in the Maharashtra Legislative Council brought attention to pending dues of over INR 10,900 crore owed to the Brihanmumbai Municipal Corporation. The issue highlights rising financial stress on the civic body, which is handling liabilities exceeding INR 2.32 lakh crore while continuing major infrastructure spending. A large share of pending funds is from the education department, followed by housing and other agencies. The state government has assured phased payments with a small immediate release, but concerns remain over delays and the absence of a clear disbursal timeline.Read more

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Pranav Priyadarshini CHS

19 Mar 2026

Mumbai City, India

Pranav Priyadarshini CHS by Pranav Constructions offers 1, 2, 3 & 4 BHK apartments (572-1217 sq ft carpet) on SV Road in Santacruz West, Mumbai. Under construction boutique project with 20 units across 0.24 acres, featuring proximity to airports, stations, schools, and markets. Possession expected May 2029.

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Bombay high court brings closure to 76-year property dispute over Pune land

Mumbai News Desk

19 Mar 2026

The Bombay High Court has ended a property dispute that continued for more than seven decades between heirs of landowner MMH Janmohamed. The case, which began soon after India's Constitution came into force, involved two valuable properties in Pune, including a parcel on Deccan College Road and a large tract in Yerawada. Over the years, several claims emerged, including those from the heirs of a former manager and a party citing adverse possession. With compensation for one acquired plot already distributed decades ago, the court has now ordered the division of the remaining one-acre land among the rightful heirs.Read more

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Mumbai residents seek stronger action against construction pollution and noise

Mumbai News Desk

18 Mar 2026

Residents from western suburbs of Mumbai approached Mayor Ritu Tawde earlier this week to address concerns over pollution and noise from construction sites. Representing communities including Gulmohar, JVPD, Santacruz, Bandra, and Pali Hill, nearly 2,000 residents highlighted worsening air quality, excessive noise, and weak enforcement of construction norms. They urged the Brihanmumbai Municipal Corporation (BMC) to regulate construction hours, implement dust control measures, improve noise monitoring, and appoint a dedicated nodal officer to handle complaints. Their engagement reflects growing citizen demand for healthier and safer urban living.Read more

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MMRDA’s INR 1,629 crore Wadala commercial plot auction fails to attract bids

Mumbai News Desk

18 Mar 2026

The Mumbai Metropolitan Region Development Authority's attempt to lease a prime commercial plot in the Wadala Notified Area did not receive any bids despite strong development potential. The 10,860 sq m land parcel was offered on an 80-year lease with a reserve price of INR 1,629 crore and a permissible FSI of 10, allowing large-scale commercial development. The authority had extended the submission deadline twice to encourage participation, but the tender closed without response. The plot forms part of the broader plan to develop Wadala as a future commercial district similar to Bandra-Kurla Complex.Read more

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Adityaraj Springs

18 Mar 2026

Mumbai City, India

Adityaraj Springs by Adityaraj Group offers affordable 1 & 2 BHK apartments (364-600 sq ft carpet) in Subhash Nagar, Chembur East, Mumbai. New launch under construction with amenities like kids' play area, yoga zone, jogging track, 24x7 security, and proximity to Eastern Express Highway, BARC Hospital, and Cubic Mall. Possession expected Dec 2028.

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Chronos Properties allowed to replace expired bank guarantee for IL&FS BKC bid

17 Mar 2026

The National Company Law Appellate Tribunal (NCLAT) has permitted Brookfield-backed Chronos Properties to replace its bank guarantee for the Bandra Kurla Complex (BKC) headquarters property of IL&FS, which expired earlier this month. Chronos original bid was INR 1,080 crore, later revised to INR 1,481 crore under value-maximisation framework. The tribunal allowed the company a week to submit a fresh demand draft and confirmed that its earlier interim order restricting IL&FS from creating third-party rights on the property will continue until the appeal is decided.Read more

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Sattva Sumera

17 Mar 2026

Mumbai City, India

Sattva Sumera delivers luxury 2 & 3 BHK apartments (700-1,500 sq ft) by Sattva Group in Dadar East's prime corridor. Enjoy 62-storey living with premium amenities, Eastern Express Highway access, near KEM Hospital and Parel stations. Possession expected 2031.

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Liberia-flagged tanker Shenlong carrying Saudi crude reaches Mumbai after crossing Strait of Hormuz

Mumbai News Desk

16 Mar 2026

A Liberia-flagged oil tanker, Shenlong, carrying Saudi Arabian crude oil arrived in Mumbai after safely crossing the Strait of Hormuz, a key global oil transit route that has been under heightened security concerns. The vessel transported about 135,335 metric tonnes of crude and docked at the Jawahar Dweep terminal off Mumbai's coast for unloading. The shipment is considered significant as it was among the first crude deliveries to India through the strait after regional tensions disrupted shipping activity. The cargo will be processed at refineries in eastern Mumbai, supporting India's energy supply that relies heavily on West Asian crude imports.Read more

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Mumbai court transfers INR 140 crore cheating case against Guruashish Construction to magistrate court

Mumbai News Desk

16 Mar 2026

A special CBI court in Mumbai has transferred a cheating case involving around INR 140 crore against Guruashish Construction Pvt Ltd and its directors Rakesh Wadhawan and Sarang Wadhawan to a magistrate's court after corruption charges under the Prevention of Corruption Act were dropped. The decision followed a Central Bureau of Investigation probe which found no involvement of public servants in the alleged fraud related to a loan from Union Bank of India. Since special CBI courts handle cases involving public officials, the matter will now proceed before a magistrate's court for further trial under criminal law provisions.Read more

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