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 coastal road traffic rises sharply with daily count crossing 63,000

Mumbai News Desk

17 Apr 2026

Traffic on the Mumbai Coastal Road has grown nearly seven times in under two years, with average daily usage now crossing 63,000 vehicles. The corridor has handled over 3.16 crore vehicles since opening and has become a key route for South Mumbai commuters due to major travel time savings. Growth picked up after full access and 24-hour operations were introduced. While the road has reduced congestion in some areas, experts point out that benefits are still largely limited to private vehicles, indicating the need for better public transport integration.Read more

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Dharavi redevelopment progresses with 11,000 homes planned on railway land

Mumbai News Desk

17 Apr 2026

The Dharavi Redevelopment Project is moving forward with plans to build around 11,000 rehabilitation homes on a 35-acre railway land parcel in Matunga. The project targets residents from Sector 6, where clusters are being cleared to enable construction of 350 sq ft units. Authorities have asked residents to shift to transit housing or rental accommodation, offering INR 5,000 as shifting support and rental aid with annual increases. While this marks progress, concerns remain around eligibility, communication, and clarity on permanent housing allocation among affected residents.Read more

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Mumbai moves ahead with cluster redevelopment plan covering 19 slum pockets

Mumbai News Desk

17 Apr 2026

Mumbai has initiated a large slum cluster redevelopment plan covering 19 locations across the city, focusing on integrated development instead of fragmented projects. The scheme targets areas above 50 acres with over 51 per cent slum coverage and is expected to benefit nearly seven lakh residents. The Slum Rehabilitation Authority (SRA) will act as the nodal agency, with multiple execution routes involving government bodies and private developers. The policy also allows inclusion of complex land parcels, including CRZ areas, to unlock land and improve housing, infrastructure and basic services.Read more

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JPV H Square

17 Apr 2026

Mumbai City, India

JPV H Square by JPV Realtors offers modern apartments in low-rise development in bustling Andheri East, Mumbai, focusing on comfort and accessibility. Key amenities include gym, pool, jogging track, 24x7 security and excellent connectivity to WEH, airport, metro and Phoenix Marketcity.

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Bandra East high court complex to reshape Mumbai real estate market

16 Apr 2026

The planned Bombay High Court complex in Bandra East is expected to become a key development influencing Mumbai's real estate direction. Spread over 30 acres with a built-up area of over 60 lakh sq. ft, the project also includes proposed residential high-rise towers for government employees. The shift from the existing 146-year-old court building in Fort is seen as more than an infrastructure move, with experts suggesting it may reshape surrounding micro-markets. The development is expected to strengthen the Bandra East BKC corridor, trigger spillover demand in nearby areas, and support Mumbai's transition toward a multi-nodal growth model.Read more

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400-tonne crane topples during Metro 2B construction work at BKC, no injuries reported

16 Apr 2026

A 400-ton mobile crane toppled at a Metro construction site in Mumbai's Bandra Kurla Complex (BKC), disrupting traffic in the city's key business district. The incident, which occurred during lifting operations for the Metro Line 2B station, was attributed to a mechanical failure in the crane's lifting boom. No injuries were reported. The Mumbai Metropolitan Region Development Authority (MMRDA) has imposed a penalty of INR 1 crore on contractor J Kumar Infraprojects Limited following the incident. Restoration work continued through the day, with a higher-capacity crane deployed for removal. The event highlights ongoing safety and operational challenges at large infrastructure sites in high-density urban zones.Read more

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BMC advances SV Road widening in Andheri, 502 structures identified for removal

16 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) is progressing with a road-widening project along SV Road in Andheri, where 502 structures have been marked for removal to ease congestion. The work is being executed in three phases under DCPR provisions, with the first phase largely completed. Authorities have encouraged partial voluntary demolition by property owners to speed up the process. The stretch remains a key traffic corridor in the western suburbs, and past similar drives across Mumbai indicate a continued focus on removing bottlenecks and improving road capacity.Read more

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Shree Ostwal Fermino

16 Apr 2026

Mumbai City, India

Shree Ostwal Fermino by Shree Ostwal Builders offers compact 1, 2 & 3 BHK apartments (399-858 sq ft carpet) across just 29 premium units on a 0.16-acre plot in IC Colony. Features essential amenities like 24x7 water supply, sewage treatment plant, power backup, kids' play area; prime location near Mary Immaculate School (0.5 km), Borivali station, and metro. New launch (Mar 2026) with possession Dec 2030

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Kerala convict on the run arrested near CSMT in Mumbai

15 Apr 2026

A Kerala murder convict who escaped custody last year has been arrested in Mumbai after months on the run. The accused, Vinish, had fled from a hospital where he was undergoing treatment and travelled across cities before reaching Mumbai. To avoid detection, he lived as a ragpicker, frequently changing locations and blending into crowded areas. Acting on a tip-off, the Railway Protection Force tracked and apprehended him near CSMT after a brief chase. Kerala Police have taken custody following legal formalities, bringing an end to a multi-agency search operation that lasted several months.Read more

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Maharashtra's slum cluster redevelopment scheme targets rehabilitation of seven lakh residents across Mumbai

Mumbai News Desk

15 Apr 2026

The Maharashtra government is advancing a slum cluster redevelopment scheme in Mumbai aimed at rehabilitating nearly seven lakh slum dwellers through integrated housing projects. The initiative, reviewed during a recent meeting of the Slum Rehabilitation Authority (SRA), seeks to address stalled and unviable redevelopment projects while improving living conditions in densely populated areas. Authorities are in the process of identifying eligible slum clusters for redevelopment under a structured framework aligned with the state housing policy. The scheme is designed to promote large-scale redevelopment by aggregating land parcels and enabling better infrastructure planning. Additional approvals, including funding allocations for select projects and administrative restructuring within the SRA, were also discussed as part of efforts to streamline implementation and accelerate execution.Read more

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Lodha Elaris

15 Apr 2026

Mumbai City, India

Lodha Elaris offers premium 4 & 4.5 BHK residences (1927+ sq ft carpet) with expansive decks in a lush 5-acre township featuring mangroves, 2.5-acre central garden, and 20+ tree species. Amenities include infinity pool, world-class gym, clubhouse, tree houses, temples, sports courts, and kids' zones, with prime connectivity to LBS Marg, Vikhroli station (0.7 km), and Eastern Express Highway. New launch tower with possession Dec 2030

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Mumbai civic body plans AI-driven system to streamline real estate approvals and reduce processing timelines

Mumbai News Desk

14 Apr 2026

The Municipal Corporation of Greater Mumbai (MCGM) is preparing to introduce an artificial intelligence-based system to modernise real estate approval processes and reduce administrative delays. The initiative, outlined recently, aims to automate key stages of project clearances, minimise manual intervention and improve transparency in decision-making. The proposed framework will use data-driven tools to expedite compliance checks and standardise approval procedures, addressing long-standing concerns over delays in construction permissions. The move forms part of Mumbai's broader push towards digital governance and ease of doing business in the real estate sector. By improving turnaround times and procedural clarity, the system is expected to support developers, enhance regulatory efficiency and strengthen the city's investment environment.Read more

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Runwal Westwind Heights

14 Apr 2026

Mumbai City, India

Runwal Westwind Heights in Khar West offers premium 2 & 3 BHK apartments with spacious layouts and modern European-inspired architecture. Located near Bandra-Kurla Complex, it provides excellent connectivity, top amenities like infinity pool and clubhouse, ideal for upscale Mumbai living.

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Maharashtra approves acquisition of BSNL and MTNL land in Borivali for PMAY housing project worth INR 729 crore

13 Apr 2026

The Maharashtra government has approved the acquisition of 28.84 acres of land owned by BSNL and MTNL in Borivali, Mumbai, for developing affordable housing under the Pradhan Mantri Awas Yojana. The land, located at Gorai and Shimpoli, will be acquired at ready reckoner rates for INR 729 crore. The project is expected to deliver over 1,000 housing units. The decision was taken at a meeting of the Maharashtra Housing Development Authority chaired by Chief Minister Devendra Fadnavis. The move forms part of the state's efforts to utilise public land parcels for affordable housing development in high-density urban areas.Read more

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Equinix opens fourth Mumbai data centre as NOCIL and DBS Foundation announce investments and grants

13 Apr 2026

Equinix has expanded its presence in Mumbai with the launch of its fourth data centre, investing USD 95 million to strengthen digital infrastructure capacity. The facility adds over 1,370 cabinets, supporting growing demand for cloud and data services. In a separate development, NOCIL has commissioned a new rubber chemicals plant in Dahej with an investment of INR 250 crore, aimed at boosting domestic supply and exports. Meanwhile, DBS Foundation has announced grants of up to INR 1.75 crore for three Indian enterprises working across healthcare, employment, and social impact sectors, highlighting continued institutional support for innovation.Read more

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Bombay High Court directs MMRDA to refund INR 646 crore to Reliance Industries

Mumbai News Desk

13 Apr 2026

The Bombay High Court has directed the Mumbai Metropolitan Region Development Authority (MMRDA) to refund INR 646 crore to Reliance Industries Limited in a major ruling linked to a long-standing dispute over a commercial development project at Bandra Kurla Complex in Mumbai. The court has set aside penalty and demand notices issued by the authority, observing that the recovery action lacked legal backing and was applied in an arbitrary manner. It further noted inconsistency in extension benefits granted to similar projects, leading to unequal treatment, and ordered the refund within a fixed timeframe with interest applicable on delay.Read more

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Bombay High Court upholds Altamount Road redevelopment, dismisses PIL challenge

Mumbai News Desk

13 Apr 2026

The Bombay High Court has upheld the redevelopment approval for a 16-storey residential building on Altamount Road in Mumbai and dismissed a public interest litigation challenging the project. The court observed that the petition did not demonstrate genuine public interest and appeared to question permissions already granted and implemented. It accepted submissions that approvals were issued in accordance with applicable Development Control Regulations and planning norms. The court further noted that the building was already completed and found no procedural irregularity, reinforcing limited scope of judicial interference in such matters.Read more

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Kumar The Presidence

13 Apr 2026

Mumbai City, India

Kumar The Presidence by Kumar Corp offers 1, 2, 3 & 4 BHK apartments (596-1720 sq ft) across a boutique 0.2-acre development with just 28 premium units. Features essential amenities like 24x7 water supply, sewage treatment plant, rainwater harvesting, and landscaped gardens; prime location near top schools (Podar International) and hospitals (Surya).

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Short circuit leads to minor fire at Mumbai airport terminal 1, operations remain unaffected

Mumbai News Desk

12 Apr 2026

A fire incident took place at Chhatrapati Shivaji Maharaj International Airport's Terminal 1 in Mumbai during the evening of April 9 after a short circuit occurred in an electrical section of a three-storey structure near the 1-B Circle area. The fire was quickly detected and brought under control by the Mumbai Fire Brigade along with the airport's emergency response team. Authorities confirmed that the fire remained minor in nature, no casualties were reported, and flight operations were not affected. As a precaution, some electrical systems were briefly shut and safety checks were carried out.Read more

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Nearly 14,000 hutments around Gilbert Hill to undergo cluster redevelopment in Mumbai

Mumbai News Desk

12 Apr 2026

A large-scale redevelopment is being planned for nearly 14,000 hutments spread across over 100 acres around Gilbert Hill in Andheri West. The proposal focuses on rehabilitating residents living in informal settlements through a cluster-based approach. The plan aims to improve housing conditions, address safety concerns near the heritage structure, and provide better infrastructure. Authorities have also linked the move to earlier efforts to protect the geological site and manage encroachments. The project is expected to bring more organised development to the area while ensuring eligible residents are accommodated.Read more

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