Mumbai's ambitious coastal road project reached a milestone this week when the 44-meter length linking the northbound coastal road to the Worli sea connection was erected. This improves city connections, although project completion is projected to take place next year.

Track3D was established as a state-of-the-art platform that tackles significant inefficiencies in the construction sector by three specialists with varied backgrounds in robotics, artificial intelligence, and business strategy.

The Indian Institute of Management (IIM) Mumbai, founded last year in Powai, will undergo a comprehensive renovation. An INR 800 crore ($100 million) makeover of the institute's 64-acre campus is planned.

Arnya Real Estate Fund Advisors, an alternative investment management business, will launch its first real estate debt fund to invest in India's top eight property markets, raising around ₹1,000 crore. The Arnya Real Estate Fund—Debt offers a ₹1,000 crore green-shoe option.

SEBI-registered alternative investment fund (AIF) Triveda Capital has raised 80 crore in its first close, aiming to raise 250 crore. Ranjan Pai, chairman of Manipal Education and Medical Group, led the investment, a milestone for the new fund.

ASK Property Fund, the real estate private equity division of the Blackstone-backed ASK Asset & Wealth Management Group, has committed ₹190 crore to Kalpataru’s upper mid-income housing project in Borivali, a prominent Mumbai suburb.

Sobha India, a subsidiary of the Dubai-based Sobha Group, wants to increase equity capital to ₹10,000 crore in the next five years. This ambitious goal will help the firm develop and enter new markets.

The Brihanmumbai Municipal Corporation (BMC) will build a parallel drainage line to address Andheri subway's monsoon flooding. This project intends to properly channel surplus precipitation into the Bhardawadi nullah to reduce seasonal floods.

In Mira Bhayandar, Mumbai 24 ancient wells, some over a century old and others buried by builders, are set for revival with a ₹50 crore budget. This initiative aims to address the increasing water scarcity faced by the growing population.

Four girders for the bridge connecting Worli to the Coastal Road and Bandra-Worli Sea-Link will be installed in March, with the entire bridge expected to be operational by May, 2024. This step is part of the larger Mumbai Coastal Road Project (MCRP), aimed at enhancing connectivity in the region.

Shriram Properties plans to expand in Pune, the second-largest property market in the country due to its rapid growth. Shriram Properties is expanding into Pune as part of its expansion plan.

Antara Senior Living, a Max Group affiliate, and Max Estates are building an integrated senior living complex in India.

MindSpace Real Estate Investment Trust (REIT) has initiated an innovative endeavour known as the Integrated Management of Operations Centre (IMOC) project, which aims to reconfigure the industry environment.

CBRE South Asia Pvt. Ltd., a real estate consulting firm, has announced the introduction of a new integrated, data- and technology-driven solution platform, Development Solutions, as part of its Project Management (PJM) business division.

Purvankara Asset Management invested Rs 93 crore from its second alternative investment fund (AIF-II) in a Chennai project.