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

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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Mumbai crosses 100 km metro network, moves ahead of Bengaluru

12 Apr 2026

Mumbai's metro network has crossed the 100 km mark after the addition of new stretches on Lines 9 and 2B, helping the city overtake Bengaluru to become India's second-largest metro network. The expansion has improved connectivity in Thane and eastern suburbs. Bengaluru now stands third with around 96 km, with delays in key lines affecting its pace of growth. While Mumbai has seen faster execution in recent years, Bengaluru continues to work on multiple upcoming corridors, which are expected to significantly expand its network over the next two years.Read more

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BMC to launch AI-based approval system to speed up real estate clearances in Mumbai

Mumbai News Desk

11 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) is preparing to introduce an artificial intelligence (AI)-driven facility aimed at improving ease of doing business in Mumbai's real estate sector. The system is designed to streamline civic approvals by integrating multiple processes into a single digital platform, reducing manual intervention and improving transparency. It will support real-time tracking, document verification, and compliance checks through AI tools. The initiative is expected to reduce approval timelines and enhance efficiency for developers, architects, and consultants, while also improving investor confidence in the city's real estate ecosystem.Read more

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Manori desalination plant clears CRZ stage, awaits final central approval

Mumbai News Desk

10 Apr 2026

Mumbai's proposed desalination plant at Manori has received conditional Coastal Regulation Zone clearance from the state authority and is now awaiting final approval from the central environment ministry. Planned by the BMC, the project will convert seawater into drinking water with an initial capacity of 200 MLD, expandable to 400 MLD. Estimated at around INR 11,166 crore, the project includes tunnels and distribution systems. While key approvals are in place, environmental safeguards and concerns raised by local fishing communities remain important before construction begins.Read more

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BMC reduces tree loss significantly in revised Malabar Hill reservoir plan

Mumbai News Desk

10 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) has reduced the number of trees affected in the Malabar Hill reservoir project from 389 to 76 after revising its plan. The move follows strong opposition from residents and environmental groups over the impact on green cover near Hanging Gardens. The civic body has now adopted a phased repair approach for the ageing reservoir and proposed a 52 MLD alternative tank to maintain water supply during the work. While the revision addresses key concerns, residents continue to question the need for additional construction in the area.Read more

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Shapoorji Pallonji Nine Arcs

10 Apr 2026

Mumbai City, India

Shapoorji Pallonji Nine Arcs offers premium 2, 3 & 4(Jodi) BHK residences (700-1600 sq ft carpet) in a boutique G+14 tower on 0.5 acres near WEH, Santacruz East. Features elegant European neo-classical design, clubhouse, pool, gym, landscaped gardens; 350m from Santacruz station, 600m from metro, 2.4km from airport.

View Website | Visit RERA website

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Superb Realty partners with Praan to deploy AI-based air purification across Mumbai projects

09 Apr 2026

Superb Realty has partnered with deep-tech firm Praan to install AI-powered air purification systems across more than 1 million sq ft of its developments in Mumbai. The deployment will begin with its commercial project Superb Altura and later extend to upcoming residential and mixed-use developments. The move reflects a growing focus on indoor environmental quality as a factor influencing asset value, occupant productivity and health outcomes. The collaboration also highlights a broader shift in the real estate sector towards integrating technology-driven and wellness-focused solutions into urban developments.Read more

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BMC moves ahead with INR 455 crore Worli plot auction amid probe into earlier project

Mumbai News Desk

09 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) has decided to auction a prime Worli land parcel with a base price of INR 455 crore, while an inquiry continues into an earlier INR 600 crore redevelopment proposal for a civic testing laboratory on the same site. The earlier tender was cancelled multiple times due to alleged irregularities and cost concerns. Under the revised plan, the selected developer can build residential or commercial projects while providing a new laboratory facility to the BMC. The move has raised concerns over eligibility criteria and timing of approvals.Read more

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Bombay High Court upholds INR 1 lakh compensation for demolition without due notice

Mumbai News Desk

09 Apr 2026

The Bombay High Court has upheld an order directing the Maharashtra Housing and Area Development Authority to pay INR 1 lakh compensation to a Jogeshwari resident whose structure was demolished without prior notice. The ruling affirms a decision by the Maharashtra State Human Rights Commission, which found that the demolition violated procedural safeguards despite the structure being unauthorised. The court reiterated that the right to shelter forms part of Article 21 of the Constitution and cannot be taken away without due process. The case pertains to a tenement in Oshiwara, Mumbai, removed during a redevelopment-linked clearance exercise. The judgment reinforces the requirement for civic authorities and housing agencies to follow statutory notice procedures before undertaking demolition actions.Read more

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Mumbai developers drive BMC revenues to INR 11,626 crore in FY26

Mumbai News Desk

09 Apr 2026

Mumbai's real estate developers contributed INR 11,626 crore to the Brihanmumbai Municipal Corporation in FY26, surpassing property tax collections and becoming the civic body's largest revenue source. The growth was supported by strong redevelopment activity, higher premium payments, and increased use of floor space index across key micro-markets. Areas such as Bandra Jogeshwari and South Mumbai led collections. The trend reflects steady housing demand, rising project approvals, and the growing role of development-linked revenues in supporting municipal finances.Read more

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Mumbai civic body introduces amnesty scheme for buildings without occupation certificates

Mumbai News Desk

09 Apr 2026

The Brihanmumbai Municipal Corporation has introduced an amnesty scheme to help buildings without occupation certificates obtain approvals. The scheme applies to structures occupied before November 2016 and offers relief through reduced premiums and penalty waivers. Societies applying within an initial six-month window will get maximum benefits. The move is expected to cover over 20,000 buildings and benefit more than 10 lakh residents facing issues in utilities, loans and resale. Completely unauthorised constructions are excluded, ensuring only eligible deviations are regularised.Read more

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BMC expands air quality monitoring with hyperlocal sensor testing across Mumbai

Mumbai News Desk

09 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) has begun testing low-cost air quality sensors under the MANAS project in collaboration with IIT Kanpur to improve pollution monitoring across Mumbai. Around 75 sensors will be installed before the monsoon, offering hyperlocal data on pollutants like PM2.5 and PM10. The system will divide the city into smaller grids and use real-time dashboards for better decision-making. The initiative builds on existing monitoring at construction sites and aims to strengthen targeted action to manage rising air pollution levels in the city.Read more

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Thane–Borivali tunnel excavation begins with TBM Nayak launch

Mumbai News Desk

09 Apr 2026

The Thane-Borivali twin tunnel project has entered the execution phase with the launch of tunnel boring machine Nayak in Thane. The 11.84 km underground corridor, being developed by the Mumbai Metropolitan Region Development Authority, aims to cut travel time between the two locations to about 15 minutes. While tunnelling has started from the Thane end, work at the Borivali side is facing delays due to pending rehabilitation. The project involves complex construction beneath Sanjay Gandhi National Park and is targeted for completion by 2028.Read more

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Deonar landfill clearance approved to support Dharavi rehabilitation plan

Mumbai News Desk

09 Apr 2026

The Maharashtra Coastal Zone Management Authority has cleared the proposal to scientifically treat and remove legacy waste at the Deonar dumping ground, enabling its use for rehabilitating ineligible residents from the Dharavi Redevelopment Project. The plan involves processing around 18.5 million tonnes of waste and unlocking land for housing. While eligible residents will be accommodated within Dharavi, others will be shifted to locations such as Deonar, Bhandup, and Madh. The move also addresses long-standing environmental concerns linked to the landfill while supporting Mumbai's multi-location rehabilitation strategy.Read more

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Mulund dump cleanup delayed again as contractor seeks third extension

Mumbai News Desk

09 Apr 2026

The biomining project at Mumbai's Mulund dumping ground has been delayed again, with the contractor seeking a third extension due to fuel supply disruptions linked to the West Asia conflict. The shortage of diesel has affected the operation of heavy machinery, slowing waste processing. The INR 731 crore project, aimed at clearing legacy waste and reclaiming land, is nearing completion but has faced repeated delays due to the pandemic, weather conditions and operational issues. Civic authorities have raised concerns over continued extensions as only a limited portion of waste remains.Read more

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Lodha Worli

09 Apr 2026

Mumbai City, India

Lodha Worli offers luxury 4 & 5 BHK residences (3300-4400 sq ft) in South Mumbai's premium Worli neighbourhood, featuring expansive landscaped greens, world-class amenities, and exceptional connectivity to business districts and the Sea Link. New launch project designed for elite living with possession expected Jun 2033.

View Website | Visit RERA website

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Kurla and Ghatkopar continue to face rising illegal hawking issues

Mumbai News Desk

08 Apr 2026

Kurla and Ghatkopar remain among Mumbai's most affected areas when it comes to illegal hawking, leading to congestion and safety concerns. Repeated action by the Brihanmumbai Municipal Corporation has failed to provide long-term relief, as hawkers often return soon after eviction drives. Busy locations near railway stations and major roads are the most impacted. The issue continues despite court directions and planned regulations, pointing to gaps in enforcement, lack of proper hawking zones, and challenges in managing the large number of unlicensed vendors operating in the city.Read more

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Arvind SmartSpaces partners Sigma Oxford Realtors for INR 2,400 crore redevelopment project in Goregaon West, Mumbai

08 Apr 2026

Arvind SmartSpaces Ltd has entered into a partnership with Sigma Oxford Realtors to jointly develop a residential high-rise project in Goregaon West, Mumbai, with an estimated revenue potential of INR 2,400 crore. The redevelopment project, located in Siddharth Nagar, will offer a total saleable carpet area of around 0.67 million sq ft. The collaboration marks a continued expansion of Arvind SmartSpaces in the Mumbai Metropolitan Region, where it already maintains a presence alongside its core markets in Gujarat and Pune. The project is structured as a joint redevelopment initiative, reflecting ongoing activity in urban renewal-led housing supply within established residential micro-markets of Mumbai.Read more

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Shreya Ghoshal family buys INR 29.70 crore luxury apartment in Worli

Mumbai News Desk

08 Apr 2026

Shreya Ghoshal and her parents have purchased a premium apartment in Mumbai's Worli for INR 29.70 crore. The unit is located in the Godrej Trilogy project and offers a carpet area of around 2,430 sq ft along with three parking spaces. The deal was registered recently and involved a stamp duty payment of about INR 1.78 crore. The transaction reflects steady demand for luxury housing in Worli, which continues to attract high-net-worth buyers due to its central location and connectivity.Read more

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Smartworks leases 1,150 desks to global firm in Navi Mumbai for INR 51 crore

08 Apr 2026

Smartworks Coworking Spaces has leased 1,150 desks at its Navi Mumbai campus in Tata Intellion Park to a global digital business services and customer experience management firm, generating rental income of INR 51 crore. The client now occupies over 5,000 desks across Bengaluru, Kolkata, Hyderabad and Mumbai, with combined expected rental revenue exceeding INR 155 crore. The lease period and client name were not disclosed. Smartworks, which converts large commercial buildings into managed office campuses, operates 63 centres across 15 cities in India and Singapore, managing a total portfolio of 15.3 million sq ft. The expansion highlights growing demand for flexible, enterprise-focused office space across multiple Indian markets.Read more

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