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

ADB delegation studies Navi Mumbai's waste management and infrastructure

28 Aug 2025

An international delegation from the Asian Development Bank (ADB) paid a study visit to Navi Mumbai Municipal Corporation (NMMC) earlier this week to review the city's urban development practices and innovative solid waste management systems. The visit, facilitated by the Ministry of Housing and Urban Affairs, included detailed presentations on infrastructure, sustainability initiatives, and future roadmaps, as well as site visits to pioneering projects such as textile recycling facilities, nature parks, and advanced water treatment plants.Read more

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Navi Mumbai: NMMC cracks down on unauthorized construction in Airoli and Koparkhairane

25 Aug 2025

The Navi Mumbai Municipal Corporation (NMMC) recently carried out demolition drives in Airoli and Koparkhairane against unauthorized constructions that continued despite prior notices. Acting under the Maharashtra Regional and Town Planning Act, 1966, the Encroachment Department removed illegal structures, imposed fines, and deployed manpower and equipment for the operations. The drives were conducted under the supervision of senior officials, with support from the local police. Authorities indicated that such anti-encroachment actions will continue more strictly going forward.Read more

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NMMC strengthens water testing with new digital monitoring system

24 Aug 2025

The Navi Mumbai Municipal Corporation's Environmental Laboratory, certified under ISO 9001:2015, has introduced a new digital monitoring system for water quality testing. The 'e-System Water Sample Inspection Report and Monitoring System' (WQMS) was launched by Municipal Commissioner Dr. Kailash Shinde earlier this week. The laboratory already tests drinking water, wastewater, and private samples, and with this system the entire process from collection to reporting has become digital and transparent. The Commissioner also advised seeking NABL accreditation and expanding testing to cover food vendors. The system improves accuracy, tracking, and accessibility of water-quality data for both officials and citizens.Read more

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Navi Mumbai launches weekly plastic, e-waste collection drive

23 Aug 2025

Navi Mumbai Municipal Corporation (NMMC), in collaboration with Project Mumbai, launched a large-scale plastic collection and recycling initiative during Independence Day celebrations. The drive, held under the theme 'Every Home - Plastic Free', received strong participation from schools, housing societies, and offices. A total of 141 kg of plastic was collected from 14 centers, which will be recycled into usable public items. The initiative also introduced a weekly plastic and e-waste collection program, aiming to build long-term habits of responsible disposal and reduce landfill waste in the city.Read more

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CIDCO plans 667-acre Aerocity near Navi Mumbai International Airport

19 Aug 2025

CIDCO is advancing plans for a 667-acre Aerocity near the soon-to-open Navi Mumbai International Airport, expected to begin operations in September under Adani Group. Bids have been invited to appoint a master planner and transaction advisor for the project, which will allocate 123 acres each for residential, commercial, and retail zones, alongside offices, warehouses, hotels, hospitals, and entertainment spaces. Strategically connected to the Mumbai Trans Harbour Link, Navi Mumbai Metro, and suburban rail, the Aerocity aims to offer Mumbai a rare, fully planned urban hub. Rising property demand, particularly from aviation professionals, signals strong interest ahead of the airport's launch.Read more

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Dow Chemicals secures a 2.56 lakh sq ft office lease at Mindspace SEZ in Navi Mumbai

18 Aug 2025

Dow Chemicals has leased 2.56 lakh sq ft at Mindspace SEZ in Airoli, spanning five floors for a 10-year term at INR 1.64 crore monthly rent (INR 64 per sq ft). The deal includes 5% annual escalation, a security deposit of INR 14.77 crore, and a fit-out deposit of INR 82.09 crore refundable in installments, alongside a fixed fit-out rent of INR 29.45 per sq ft. The move highlights strong multinational demand for premium offices in Greater Mumbai. Mindspace REIT recently reported 1.7 million sq ft of leasing across major cities, driven by GCCs, BFSI, and tech firms, underscoring India's robust office market momentum.Read more

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Navi Mumbai becomes the first civic body in India to issue property identity cards

18 Aug 2025

Navi Mumbai Municipal Corporation (NMMC) has introduced an innovative initiative by becoming the first civic body in India to provide property identity cards to citizens. The move, launched under the guidance of Municipal Commissioner Dr Kailas Shinde, aims to simplify property-related transactions and enhance transparency. Around 3.5 lakh property owners across the city will benefit, gaining access to property details such as ownership, tax records, and size in a single, card-based format equipped with QR code features for digital use.Read more

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Navi Mumbai civic body organises tricolour rallies in Rabale and Belapur under 'Har Ghar Tiranga - Har Ghar Swachhta' campaign

18 Aug 2025

Navi Mumbai Municipal Corporation (NMMC) recently organised tricolour rallies in Rabale and Belapur under the 'Har Ghar Tiranga - Har Ghar Swachhta' campaign, guided by Municipal Commissioner Dr Kailas Shinde. The events saw enthusiastic participation from students, teachers, parents, and civic officials. Maharashtra Forest Minister Ganesh Naik attended as a special guest at Rabale, addressing students on patriotism, while the Belapur rally featured students exploring an exhibition on the journey of the national flag.Read more

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Navi Mumbai razes illegal Airoli constructions after warnings ignored

13 Aug 2025

The Navi Mumbai Municipal Corporation (NMMC) recently carried out a demolition drive in Airoli against unauthorised structures, following non-compliance with earlier notices issued under the Maharashtra Regional and Town Planning Act, 1966. Acting on the directives of the municipal commissioner and senior officials, the encroachment department demolished illegal buildings and roadside slums. Penalties amounting to INR 1,00,000 were collected from the violators, and the corporation affirmed its commitment to continuing strict anti-encroachment measures.Read more

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Navi Mumbai civic body revises property transfer fee policy to enhance transparency

12 Aug 2025

The Navi Mumbai Municipal Corporation (NMMC) has introduced amendments to its property transfer fee policy, aiming to simplify procedures and improve transparency. Approved by the Commissioner and Administrator, the revisions include a ready reckoner-based calculation system, reduced charges for inheritance transfers, and a revised deadline for late fee applicability. The updated structure incorporates clear mathematical methods, provisions for various document types, and specific rules for corporate ownership changes. The late fee provision will apply from October, giving property owners time to comply with the updated requirements.Read more

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NMMC demolishes illegal homes in Airoli, fines violators INR 50,000 each

04 Aug 2025

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in Airoli under the instructions of Municipal Commissioner Dr Kailas Shinde. Despite having served prior notices under the Maharashtra Regional and Town Planning Act, 1966, the individuals involved failed to remove unauthorised structures on their own. As a result, the encroachments at two sites in Sector 4, Airoli were forcibly cleared, and a penalty of INR 50,000 was levied on each offender. The drive was executed with support from the encroachment department, local police, and demolition personnel.Read more

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Four CIDCO plots in Nerul sold for record INR 7.65 lakh per sq m, fetch nearly INR 1,500 crore

04 Aug 2025

Four CIDCO plots located in Nerul's Sector 28 were sold earlier this week for a record INR 7.65 lakh per square metre, fetching nearly INR 1,500 crore in total. The plots were awarded to Parth Life Spaces through CIDCO's tender process. Real estate experts linked the high bid to the upcoming Navi Mumbai International Airport and increasing land scarcity in prime nodes. However, concerns have been raised that such pricing could push average property rates to INR 50,000 per square foot, affecting housing affordability for middle- and lower-income groups in the area.Read more

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NMMC acts against illegal structures in Phanspada and Shahbaz Village, Belapur

02 Aug 2025

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in Belapur under the supervision of Municipal Commissioner Dr Kailas Shinde and other senior officials. Despite prior notices issued under MRTP Act Section 54, the concerned individuals failed to remove their unauthorised constructions. The encroachment department proceeded with removal operations involving municipal staff, police personnel, and demolition tools including hammers and gas cutters. The civic body has warned that further intensified actions will follow against unauthorised developments in the city.Read more

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Navi Mumbai civic body intensifies crackdown on unauthorised construction in Koparkhairane

31 Jul 2025

The Navi Mumbai Municipal Corporation (NMMC) recently undertook a demolition drive in the Koparkhairane area after repeated notices to the concerned party were disregarded. The action was carried out under the guidance of senior officials, including the municipal commissioner, following non-compliance with a prior notice issued under the Maharashtra Regional and Town Planning Act, 1966. The unauthorised structure was razed for the third time, with a fully-equipped civic team and police presence ensuring smooth execution.Read more

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Demolition drive launched in Belapur as NMMC cracks down on unauthorised constructions

23 Jul 2025

The Navi Mumbai Municipal Corporation (NMMC) has taken decisive action against unauthorised constructions in Belapur, following non-compliance with prior demolition notices. Structures owned by Suresh Dharma Koli, Balkrishna Dharma Koli, and Ashok Koli in Diwale village were razed under the MRTP Act. The operation, led by the encroachment department under senior civic officials, involved a full deployment of manpower and equipment. NMMC has indicated that such intensified action will continue to deter encroachments in future.Read more

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NMMC cracks down on illegal construction in Nerul, Airoli, Belapur under MRTP Act

21 Jul 2025

The Navi Mumbai Municipal Corporation (NMMC) undertook a major demolition initiative targeting unauthorised constructions in Nerul, Airoli, and Belapur. Despite prior notices issued under the Maharashtra Regional and Town Planning Act, 1966, many offenders failed to remove illegal structures. The drive, executed under directives from the municipal commissioner and senior officials, resulted in partial and complete demolition of illegal extensions. Equipment including gas cutters, hammers, and labourers were deployed, and a penalty of INR 50,000 was collected during the operation in Airoli. The civic body has indicated its commitment to continuing such stringent enforcement efforts.Read more

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Navi Mumbai honoured in Swachh Survekshan 2024 for top-tier sanitation performance

21 Jul 2025

Navi Mumbai has been honoured with entry into the prestigious 'Super Swachh League' under Swachh Survekshan 2024, recognising cities that ranked in the top three at least twice over the past three years. It is the only city from Maharashtra with a population over 10 lakh to receive this recognition. The city also retained its 'Seven Star' garbage-free rating and top-tier 'Water Plus' certification. Navi Mumbai's smart, decentralised waste management system, inclusive workforce, and eco-friendly initiatives have set national benchmarks. The award was accepted by civic leaders and sanitation workers in New Delhi, marking a proud moment for the city and state.Read more

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Premium office demand surges in Navi Mumbai, leasing hits 5.8 million sq ft in 2024

17 Jul 2025

Navi Mumbai witnessed a notable 40% rise in demand for premium office spaces in 2024, reaching 5.8 million square feet, according to CRE Matrix. With its status as one of India's most affordable office destinations averaging INR 65 per sq. ft. the region has drawn major leasing activity, particularly in hubs like Airoli, Ghansoli, Vashi, and Belapur. Gross leasing during the first half of this year surpassed 2.7 million sq. ft., and ongoing infrastructure projects such as the upcoming Navi Mumbai International Airport are expected to further stimulate leasing momentum.Read more

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Navi Mumbai civic body demolishes unauthorised sheds in Turbhe

14 Jul 2025

The Navi Mumbai Municipal Corporation carried out a demolition drive against unauthorised sheds in Turbhe after the occupants ignored prior notices. Under instructions from Municipal Commissioner Dr Kailas Shinde and supervision by Additional Commissioner Dr Rahul Gethe and Deputy Commissioner Dr Kailas Gaikwad, the encroachment department undertook the operation. A team comprising local civic officers, security personnel, and police officials ensured the removal was carried out smoothly using 21 labourers and a JCB machine.Read more

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NMMC demolishes illegal construction in Airoli after owner defies notice

10 Jul 2025

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive against an unauthorised structure in Airoli under the directives of Municipal Commissioner Dr Kailas Shinde. Despite having received a legal notice under the MRTP Act, the property owner, Vasant Sathe, failed to remove the unauthorised construction, prompting officials to partially demolish it. The operation, supervised by Assistant Commissioner Sunil Kathole, also targeted illegal stalls encroaching on the footpath at Diva Gaon Circle. The NMMC has confirmed that such anti-encroachment actions will intensify in the coming period.Read more

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