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08 Apr 2026
The Brihanmumbai Municipal Corporation has approved a three-tier alternative reservoir at Malabar Hill to ensure uninterrupted water supply during repairs of the ageing reservoir. The planned facility will have a capacity of 52 MLD and include underground, ground-level, and elevated storage structures. The move follows earlier scrapped reconstruction plans due to environmental concerns, especially around Hanging Gardens. The project has undergone several revisions, including technical inputs from experts. Authorities are currently reviewing visual impact concerns before moving ahead with tendering and execution.Read more
08 Apr 2026
The Brihanmumbai Municipal Corporation is preparing to justify its demand for the entire land parcel reserved for the Worli sewage treatment plant, following questions raised by the Bombay High Court. The civic body has linked the revised requirement to increasing sewage generation due to rapid redevelopment and higher population density in the area. The issue is part of an ongoing legal dispute over the reduction of reserved land and its partial use for a slum rehabilitation project. The state government is expected to take a final decision after reviewing the proposal.Read more
08 Apr 2026
The Brihanmumbai Municipal Corporation has identified serious lapses in how dangerous buildings and redevelopment cases are being handled across Mumbai and has warned of disciplinary action against responsible officials. Several ward offices were found not following standard procedures or updating records on the central monitoring system. Irregularities were also observed in redevelopment approvals under DCPR 2034, especially in tenant verification and documentation. The action follows a recent case in Prabhadevi and aims to improve accountability, ensure compliance, and prevent revenue losses.Read more
08 Apr 2026
07 Apr 2026
A Mumbai sessions court has granted bail to three officials linked to the Metro Line 4 project in the Mulund parapet collapse case that caused one death and injured three people. The court observed that the incident appeared to be due to a lapse during on-site execution, particularly a welding-related error, rather than direct negligence by the officials. It also noted that custodial interrogation was complete and the accused had no criminal background. The case continues to be investigated, with focus on construction practices and accountability in large infrastructure projects.Read more
07 Apr 2026
The Mumbai Metropolitan Region Development Authority has revised metro timetables across key corridors to improve travel efficiency and network integration. The changes come with the launch of Metro Line 9, connecting Dahisar East to Kashigaon, and Metro Line 2B Phase 1, linking Mandale to Diamond Garden. These additions expand connectivity to Thane and Harbour Line areas. The updated schedules focus on better frequency, predictable services, and corridor-wise operations. Integration between Line 7 and Line 9 enables direct travel across suburban stretches, while Line 2A now runs independently to improve reliability.Read more
07 Apr 2026
Mumbai is facing a significant shortage of housing for project-affected persons (PAPs), which is impacting the pace of infrastructure development. The civic body requires nearly 75,000 rehabilitation units but has access to only about 8,000, creating a large gap. Policy tools like TDR have not fully translated into adequate housing supply, while concerns over misuse and delays persist. Authorities are now considering converting SRA transit camps into permanent units and have formed a coordination committee to address the issue and improve execution.Read more
07 Apr 2026
Mumbai's Elphinstone Road overbridge, a key link between Parel and Prabhadevi, has been completely demolished to make way for a new double-decker road overbridge. The project is part of a larger plan to expand suburban railway capacity and improve east-west connectivity in central Mumbai. The ageing bridge, which had been shut for redevelopment, was dismantled through carefully planned railway blocks with minimal disruption. The upcoming structure, linked to the Sewri-Worli Elevated Connector, is expected to ease congestion, improve safety, and support growing traffic demand in the area.Read more
07 Apr 2026
The Reserve Bank of India has approved Dubai-based Emirates NBD Bank to acquire up to a 74 per cent stake in RBL Bank, marking a key step towards the lender becoming a foreign-owned entity. The approval, valid for one year, follows the investor's earlier proposal to acquire a majority stake valued at INR 26,853 crore. The deal is subject to multiple regulatory clearances and compliance requirements, including government approval for foreign investment beyond 49 per cent and adherence to banking and securities regulations.Read more
07 Apr 2026
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06 Apr 2026
Navi Mumbai Municipal Corporation has recorded its highest-ever annual water tax collection of INR 112 crore in FY26, reflecting improved revenue mobilisation and citizen compliance. The achievement, covering the period from April 2025 to March 2026, has been attributed to structured recovery drives, increased use of digital payment systems and sustained outreach initiatives. Civic authorities highlighted the role of technology-enabled billing, extended payment facilities and targeted follow-ups in boosting collections. The milestone marks a significant improvement in municipal revenue performance, with officials emphasising transparency and ease of payment as key drivers behind the increase in collections.Read more
06 Apr 2026
The Brihanmumbai Municipal Corporation (BMC) is moving forward with its smart parking project, nearly six years after it was first proposed. The initiative aims to consolidate all public and private parking spaces into a single digital platform accessible via a mobile app or web portal, allowing motorists to view and reserve parking slots in advance. With over 350 on street and 26 off street parking locations, the system also plans to include residential associations spaces during daytime. The project has an initial budget of INR 3 crore and is expected to ease parking shortages and traffic congestion across Mumbai.Read more
06 Apr 2026
Oberoi Realty has signed a development agreement to redevelop a 1,740 sq metre land parcel in Mumbai's Malabar Hill, one of the city's most premium residential areas. The project, to be executed with adjoining societies under a cluster redevelopment model, is expected to generate up to 51,000 sq ft of free-sale area. This comes soon after the company secured a larger redevelopment deal at Peddar Road. The move reflects its steady focus on South Mumbai, where limited land supply and strong demand continue to drive redevelopment activity.Read more
06 Apr 2026
05 Apr 2026
Navi Mumbai Municipal Corporation (NMMC) has presented its INR 6,704.43 crore budget for the financial year 2026-27 before the general body, with provisions for civic infrastructure, public services, and urban development projects. The budget, tabled in the past week by Standing Committee Chairman Ashok Patil to Mayor Sujata Patil, includes an opening balance of INR 1,265.83 crore and projected expenditure of INR 6,689.43 crore, leaving a closing balance of INR 15 crore. The revised estimate for FY26 stands at INR 5,830.82 crore. The civic body has scheduled a general body discussion on the budget in early April, alongside transport and tree authority allocations, as part of its annual financial planning exercise.Read more
05 Apr 2026
The Navi Mumbai Municipal Corporation (NMMC) has achieved its highest-ever annual property tax collection, recording INR 876 crore in the financial year ending recently. The performance surpasses all previous yearly collections since the civic body's formation and has been attributed to a structured recovery drive, digital payment systems, and an amnesty scheme implemented during the closing weeks of the financial year. Over 2.25 lakh property owners contributed to the collections, with nearly 61% opting for online payments. Nerul ward recorded the highest contribution at over INR 182 crore. The initiative reflects improved taxpayer participation, data-driven enforcement, and expanded outreach through digital communication and extended payment facilities.Read more
05 Apr 2026
A strategic partnership has been signed between the Mumbai Metropolitan Region Development Authority (MMRDA), the Maharashtra government, and the Government of Moscow to strengthen urban development cooperation. The agreement focuses on infrastructure, innovation, tourism, healthcare, and skill development. It aims to bring global expertise to the Mumbai Metropolitan Region (MMR) and support its growth as a major economic hub. With MMR already contributing around 5-6% to India's GDP and targeting USD 300 billion economic output by 2030, the collaboration is expected to support long-term planning, improve infrastructure delivery, and enhance overall urban living standards.Read more
05 Apr 2026
The Brihanmumbai Municipal Corporation (BMC) is planning to impose parking restrictions in narrow lanes across Mumbai to address obstruction faced by emergency services. The move, under consideration in the past week, targets densely populated localities such as Kalbadevi, Girgaon, and Byculla, where illegal and haphazard parking has been delaying fire engines and ambulances. Authorities are evaluating measures including odd-even parking and no-parking zones in highly congested stretches. Industry stakeholders have highlighted that the issue reflects a broader infrastructure gap, calling for integration of structured and technology-driven parking solutions in urban planning. The development comes amid increasing vehicle ownership and limited availability of organised parking infrastructure in older parts of the city.Read more
05 Apr 2026
Mumbai's civic body reported its highest-ever property tax collection for FY 2025-26, reaching INR 7,610.9 crore and surpassing its revised target. Andheri East's K-East ward emerged as the top contributor, followed by key commercial and residential hubs like Lower Parel and Andheri West. Western suburbs continued to dominate collections, while a strong push in enforcement, digital payments, and recovery drives supported the overall performance. A significant share also came from penalties and last-day payments, showing improved compliance but also dependence on delayed settlements.Read more
05 Apr 2026
NAREDCO Maharashtra NextGen will host Excelerate 2026, a one-day international conclave in Mumbai aimed at examining investment, financing and capital trends in India's real estate sector. Scheduled to be held at Trident Hotel, the event will bring together developers, institutional investors, policymakers and financial institutions. The conclave comes amid rising investor participation, with institutional inflows increasing significantly in recent years and foreign capital accounting for a growing share. Discussions will focus on private equity, family offices, REITs and emerging asset classes, reflecting the sector's evolving capital structure and the increasing role of organised funding channels in supporting real estate development.Read more
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