News

ICICI Bank has signed a 9-year lease for 130,000 sq ft of prime office space in Navi Mumbai’s Turbhe locality in commercial tower owned by Arihant Paradise Realty.

The Supreme Court has directed SEBI to evaluate proposals by Oberoi Realty and Valor Estate for developing Sahara’s 106-acre Versova land, mandating a ₹1,000 crore deposit from each developer.

CIDCO has announced prices for 26,000 homes in Navi Mumbai, sparking mixed reactions. While affordable options start at ₹25 lakh in Taloja, premium rates in Kharghar and Vashi go up to ₹97 lakh, raising accessibility concerns.

ASK Property Fund and Sotheby’s Realty launch a ₹1,000 crore fund to invest in luxury real estate across Tier-I cities and holiday destinations.

Metro-8 is set to redefine connectivity between Mumbai and Navi Mumbai airports, reducing travel time to just 30 minutes. With a combination of underground and elevated routes spanning 35 km, this ambitious project promises faster, smarter & more efficient travel for millions of passengers by 2026.

Yusen Logistics India has leased a 200,000 sq ft built-to-suit warehouse in Palava near Mumbai from Macrotech Developers. This strategic move, part of Lodha Industrial & Logistics Parks, aims to bolster the Tokyo-based company’s distribution network in India.

Mumbai’s Coastal Road will open a new Sea Link connector on Republic Day, with full project completion expected by 2026.

MMRDA’s INR 20,000 crore projects—a tunnel and elevated road—aim to transform Thane’s connectivity and ease traffic in the Mumbai Metropolitan Region.

BMC collected a record ₹5,847 crore in property tax over nine months in 2024, with December alone contributing ₹2,501 crore. Strategic campaigns and extended office hours boosted collections, with the western suburbs leading contributions.

India’s flex space market is booming, with pre-leasing surging as office supply falls short in metro cities, driving demand for flexible, ready-to-move solutions.

A homebuyers' body urges stricter regulations to tackle misleading real estate ads, calling for tougher penalties and transparency to protect buyers nationwide.

Vibha Shanghvi, from Sun Pharma’s promoter group, has purchased two sea-facing luxury apartments in Worli’s Naman Xana for ₹130 crore, highlighting Mumbai’s booming luxury real estate market.

WeWork India has leased 126,000 square feet in Andheri East, replacing its Powai space, as part of its strategic coworking expansion in Mumbai.

The BMC's Dahisar recycling plant has processed 16,000 metric tonnes of debris into reusable materials like sand, paver blocks, and benches, fostering sustainable urban development.

The Nargis Dutt Nagar slum in Bandra will be redeveloped under Maharashtra's SRA, replacing shacks with three- and four-bedroom sea-facing flats, transforming the 2-acre Bandra Reclamation land into a modern residential hub.