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 : Navi Mumbai

Navi Mumbai civic body recovers INR 65,000 in fines, seizes 18 kg of plastic during special enforcement drive

08 Feb 2026

Navi Mumbai Municipal Corporation (NMMC) conducted a special enforcement drive against the use of single-use plastic earlier this month, resulting in the recovery of INR 65,000 in penalties and the seizure of around 18 kg of plastic carry bags within four days. The drive was undertaken between January 22 and January 28 in line with directives issued by the Central and Maharashtra Pollution Control Boards. Inspections were carried out across all ward offices under the guidance of the civic administration, with action taken against multiple commercial establishments found violating the plastic ban. The corporation stated that the campaign formed part of its broader plastic-free city initiative, combining enforcement with public awareness efforts. Officials indicated that such drives would continue to discourage plastic usage and promote environmentally sustainable alternatives across Navi Mumbai.Read more

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Navi Mumbai civic body carries out demolition drive against unauthorised constructions in Belapur

Navi Mumbai News Desk

07 Feb 2026

The Navi Mumbai Municipal Corporation (NMMC) has undertaken a demolition drive against unauthorised constructions in the Belapur division, following directions from Municipal Commissioner Dr Kailas Shinde. Acting under the supervision of Additional Commissioner (2) Dr Rahul Gethe and Deputy Commissioner (Encroachment) Dr Kailas Gaikwad, the encroachment department carried out removal action on multiple illegal structures after the concerned parties failed to comply with notices issued under provisions of the Maharashtra Regional and Town Planning (MRTP) Act. The drive covered residential and temporary structures across Belapur village, CBD Belapur and adjoining areas. Civic officials stated that similar enforcement action would continue in the coming period to curb unauthorised development and protect planned urban growth within Navi Mumbai.Read more

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Navi Mumbai civic body seals seven construction sites in Sanpada over air pollution violations following HC directive

07 Feb 2026

The Navi Mumbai Municipal Corporation (NMMC) has sealed seven construction sites in Sanpada for failing to implement mandatory air and noise pollution control measures, following directions issued by the Bombay High Court in a suo motu public interest litigation related to rising air pollution. The action was taken after inspections revealed multiple violations of the prescribed Standard Operating Procedures, including inadequate site barricading, lack of dust suppression, absence of protective gear for workers and failure to control dust on adjoining roads. Civic officials stated that despite prior notices warning of stop-work action, developers had not complied with pollution control norms. The sealed sites belong to various developers operating in sectors across Sanpada. The municipal corporation indicated that enforcement will be intensified across all zones in the coming period to curb construction-related pollution.Read more

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Navi Mumbai civic body secures fourth rank in state-level e-governance reforms assessment

01 Feb 2026

Navi Mumbai Municipal Corporation (NMMC) has secured the fourth position among 29 municipal corporations in Maharashtra in the state-level evaluation of the 150-day e-governance reforms programme conceptualised by the Chief Minister. The assessment, conducted by an independent agency, reviewed the corporation's progress in digitising civic services, improving transparency and enhancing citizen engagement through technology. Over the past year, NMMC has expanded online service delivery under the leadership of Municipal Commissioner Dr Kailas Shinde, enabling residents to access key civic services digitally. These include property tax payments, birth and death certificates, grievance redressal, and information services through its website, mobile application, WhatsApp chatbot and integration with the state's Aaple Sarkar portal. The evaluation also covered advanced adoption of e-office systems, dashboards, artificial intelligence, blockchain and GIS-based services. The ranking reflects Navi Mumbai's steady progress towards citizen-centric digital governance and improved administrative efficiency.Read more

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Navi Mumbai civic body intensifies single-use plastic crackdown, collects INR 75,000 in fines and seizes 44.5 kg of plastic bags

01 Feb 2026

The Navi Mumbai Municipal Corporation (NMMC) has stepped up enforcement against single-use plastic as part of its ongoing citywide plastic prohibition drive, collecting penalties worth INR 75,000 and seizing around 44.5 kg of plastic bags. The action forms part of special inspection campaigns conducted in line with directives issued by the Central and Maharashtra Pollution Control Boards. The latest drive, carried out earlier this week across markets, shops and hawker zones, focused on curbing the use and storage of banned plastic items. Civic officials said the campaign combined awareness initiatives with strict penal action to ensure compliance. The municipal administration reiterated that the sustained enforcement is aimed at eliminating single-use plastic from daily commercial activity, while urging both citizens and traders to shift towards environmentally friendly alternatives such as cloth bags.Read more

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HERE Solutions takes 2.1 lakh sq ft of office space in Navi Mumbai’s Mindspace Airoli

Navi Mumbai News Desk

31 Jan 2026

Global technology firm HERE Solutions India Pvt Ltd has signed a long-term lease for about 2.1 lakh square feet of office space in the Mindspace Airoli West business park in Navi Mumbai, reaffirming strong demand for institutional-grade office assets in the Mumbai Metropolitan Region. The lease, spanning more than ten years, covers four floors of office space in the Gigaplex commercial tower, with a monthly rental and annual escalation structure agreed under the terms of the agreement. The transaction includes a significant security deposit and dedicated parking provision, highlighting tenant commitment to the location's business ecosystem. The deal adds to ongoing corporate expansion in Navi Mumbai's office market, where large-format leases continue to form a key component of Grade A office demand, particularly from technology and services firms seeking sustainable, long-term operational bases.Read more

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Navi Mumbai civic body moves into action mode, seals three commercial properties over property tax arrears

31 Jan 2026

The Navi Mumbai Municipal Corporation (NMMC) has intensified its property tax recovery drive, initiating strict enforcement action against defaulters by sealing three commercial properties in Nerul earlier this week. The action forms part of a citywide campaign aimed at accelerating tax collections and addressing long-pending arrears. Civic officials said the crackdown follows repeated appeals and notices issued to property owners who failed to clear outstanding dues. Acting under the directions of Municipal Commissioner and Administrator Dr Kailas Shinde, the civic administration has adopted a zero-tolerance approach, signalling that no concessions will be extended to chronic defaulters. The corporation has constituted dedicated attachment teams across ward offices and indicated that the drive will be expanded across Navi Mumbai, with direct sealing and seizure of properties wherever dues remain unpaid.Read more

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K Raheja Corp to set up Juinagar’s first international school in Navi Mumbai

26 Jan 2026

K Raheja Corp is set to introduce Juinagar's first international school as part of its expansive 50+ acre mixed-use development in Navi Mumbai, reinforcing its vision of building integrated, walkable urban districts. Planned on a dedicated 1.18-acre campus adjacent to Raheja Jadecity and Mindspace, Juinagar, the K12 institution aims to address the limited availability of international-curriculum schools in the micro-market. Designed to serve families across key Navi Mumbai residential hubs, the project aligns with the region's evolution into a walk-to-work employment corridor. By combining globally benchmarked academics with strong co-curricular and sports infrastructure, the school is positioned to offer a holistic education experience. The initiative underlines K Raheja Corp's focus on embedding quality social infrastructure within large-scale developments to enhance live work learn ecosystems.Read more

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Commissioner reviews Navi Mumbai civic projects, service delivery and infrastructure priorities

25 Jan 2026

Navi Mumbai Municipal Commissioner Dr Kailas Shinde has undertaken a comprehensive, department-wise review of ongoing civic projects, public services and infrastructure works following the smooth conduct of the recent municipal elections. The review focused on the status of projects announced in the 2025-26 civic budget, faster utilisation of municipal assets, stricter action against encroachments and plastic usage, improved waste segregation at source, and stronger accountability in service delivery. Emphasis was also placed on road upgrades, environmental infrastructure such as electric and gas-based crematoria, and wider adoption of digital civic services to enhance citizen convenience and transparency.Read more

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L&T Vyoma launches 40 MW AI-ready green data centre in Navi Mumbai

22 Jan 2026

L&T Vyoma has started construction of a 40 MW green, AI-ready data centre in Mahape, Navi Mumbai, the first phase of a 100 MW campus. The facility will support enterprise, build-to-suit, and NeoCloud workloads with high-density computing for AI and critical applications. It will feature liquid cooling for thermal efficiency and integrate renewable energy for low-carbon operations. The project strengthens L&T Vyoma's colocation portfolio and aligns with its three-pillar strategy. It also forms part of a national expansion plan to achieve over 200 MW across major digital hubs.Read more

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Maharashtra signs key MoUs for Raigad Pen smart city near Navi Mumbai airport

22 Jan 2026

Maharashtra has signed five MoUs at the World Economic Forum in Davos, including four with Singapore-based firms, to advance the Raigad Pen Smart City project under the Mumbai 3.0 mission. The project, located near the Navi Mumbai International Airport, will be developed through a joint venture model involving private land acquisition and public development. Planned as a major business district focused on fintech and Global Capability Centres, the project is expected to expand up to 1,000 acres and support wider economic growth across Maharashtra.Read more

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K Raheja Corp to develop global school in Navi Mumbai mixed-use project

20 Jan 2026

K Raheja Corp has announced plans to develop a global school on a 1.18-acre land parcel in Juinagar, Navi Mumbai, as part of its large mixed-use development in the region. The international school, with a built-up area of around 1.8 lakh sq ft, will offer education up to Class 12 and is expected to commence its first academic session within the next three to four years. While the company has not disclosed the total investment for the project, the initiative underlines its focus on creating integrated urban ecosystems that combine education, workplaces, residences and lifestyle infrastructure. The school will form a key social infrastructure component of the developer's over 50-acre mixed-use township in Navi Mumbai.Read more

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CapitaLand India Trust secures long-term deal for Tower 2 at Navi Mumbai data centre

19 Jan 2026

CapitaLand India Trust has finalized a second long-term lease agreement for Tower 2 of its CapitaLand DC Navi Mumbai data centre in Airoli. The move strengthens the trust's portfolio in India's growing data centre market and highlights rising demand for secure and scalable digital infrastructure. Tower 2, part of a larger campus designed for enterprises and cloud providers, follows previous leasing successes, reflecting tenant confidence in CapitaLand's offerings. The campus's strategic location ensures high connectivity and accessibility for businesses.Read more

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Navi Mumbai airport crosses 1 lakh passengers within 19 days of commercial operations

19 Jan 2026

Navi Mumbai International Airport has achieved a major milestone by crossing 1 lakh passengers within 19 days of starting commercial flights. Handling over 1,09,900 passengers, the airport's busiest day saw 7,345 travelers. During this period, 734 flights operated, including general aviation movements, while more than 79,000 pieces of baggage were processed. Cargo operations began simultaneously, with 22.21 tonnes handled. Delhi, Goa, and Bengaluru emerged as the top destinations. The airport is gradually scaling operations, supported by modern infrastructure and efficient processes to meet the growing travel demand.Read more

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Jawaharlal Nehru Port to be linked to Dedicated Freight Corridor by March 2026

16 Jan 2026

Jawaharlal Nehru Port (JNPT), India's largest container port, is set to be connected to the Western Dedicated Freight Corridor (WDFC) by the end of March 2026. The final 102 km JNPT Vaitarna section, forming the last mile, is in advanced stages of completion. This connection will allow freight from JNPT to move directly on dedicated freight routes, reducing reliance on conventional rail, cutting transit time, and easing congestion. Officials have also prepared reports for three more major corridors worth INR 4.5 lakh crore, aiming to strengthen freight infrastructure across the country.Read more

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Navi Mumbai airport proposes telecom charges similar to Mumbai airport to enhance connectivity

15 Jan 2026

Navi Mumbai International Airport Ltd (NMIAL) has proposed telecom infrastructure charges for service providers that align closely with rates at Mumbai International Airport (MIAL). The move aims to standardise pricing for in building solutions (IBS) and improve passenger connectivity. Telecom companies and the Cellular Operators Association of India (COAI) have raised concerns, citing high costs and restrictions on right-of-way (RoW). NMIAL said the charges reflect higher setup costs of a greenfield airport and outlined measures including free Wi-Fi and clear access instructions to ensure uninterrupted digital connectivity for passengers and airport staff.Read more

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Navi Mumbai airport rolls out multi-layer plan to ensure digital connectivity

15 Jan 2026

Navi Mumbai International Airport (NMIA) has introduced a layered strategy to maintain uninterrupted digital access for passengers, drivers, and airport staff. Measures include infrastructure improvements, operational planning, and hands-on assistance to resolve connectivity issues across the terminal. Clear WiFi login instructions, physical step-by-step standees, OTP kiosks, and wardens in key areas are in place to assist users. The airport is also coordinating with telecom providers on fair infrastructure charges, amid earlier concerns over Right of Way permissions and fees. Operations began late last month, making these measures critical.Read more

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Navi Mumbai Municipal Corporation steps up vigilance to ensure safe drinking water supply

12 Jan 2026

The Navi Mumbai Municipal Corporation (NMMC) has intensified its monitoring and safety measures to ensure the supply of clean and safe drinking water across the city, following recent concerns arising from a water contamination incident in Indore. Leveraging its own Morbe Dam project, Navi Mumbai continues to be recognised as a water-secure city, with regular testing and quality checks already in place. However, in view of potential risks arising from the proximity of water and sewage pipelines, NMMC Commissioner Dr. Kailas Shinde has directed officials to adopt additional precautionary measures. The civic body has initiated end-to-end inspections of the water supply system, from source to consumer, with special focus on vulnerable residential areas, to maintain strict adherence to water quality standards.Read more

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Wipro expands Navi Mumbai presence with 1.45 lakh sq ft office lease

Mumbai News Desk

10 Jan 2026

Wipro Limited has strengthened its presence in Navi Mumbai by leasing approximately 1.45 lakh sq ft of Grade A office space at Mindspace SEZ, Airoli East, on a five year lease. The agreement, registered in late December 2025, includes a lock in period of 36 months, 97 car parks, and an 84 day rent free period before rent starts in April. The monthly rent begins at around INR 97.25 lakh with annual 5% escalations. This lease complements Wipro's existing footprint in the Airoli campus, reflecting the continued demand for cost efficient suburban office spaces.Read more

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NMMC orders closure of 19 construction sites as air quality worsens

Navi Mumbai News Desk

09 Jan 2026

The Navi Mumbai Municipal Corporation (NMMC) recently directed the shutdown of 19 construction sites after air quality levels exceeded 200 in multiple localities, marking poor pollution conditions. Alongside these closures, notices were issued to 42 other sites for failing to meet environmental safety standards. Enforcement teams, including flying squads of assistant commissioners and engineers, are actively monitoring compliance with a 27-point air pollution control plan. The civic body is also increasing dust suppression measures, installing air quality monitoring devices, and issuing penalties to developers to control rising particulate pollution during the winter season.Read more

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