How Homebuyers Can Protect Capital Gains Tax Benefits When Investing In Under-Construction Properties
January 27, 2026: Delays in under-construction projects can affect long-term capital gains (LTCG) exemptions for homebuyers reinvesting sale proceeds. Under Section 54 of the Income Tax Act, investors selling a property must complete the purchase of a new residential unit within three years to claim LTCG exemption. Exceeding this timeline, even for projects registered under […]
Mumbai Implements 3-Month Traffic Restrictions On Padmavati Road For Concretisation Work
January 27, 2026: As part of the ongoing road concretisation project, the Brihanmumbai Municipal Corporation (BMC) has prompted the Mumbai Police to enforce a three-month traffic restriction on Padmavati Road in the Dindoshi area. The measures aim to ensure smooth traffic flow and public safety amid heavy machinery movement and construction-related congestion. According to the […]
New Mapping Tool Lets Citizens Track Mangrove Loss From Versova–Dahisar Coastal Road
January 27, 2026: A new interactive mapping tool developed by urban researcher and geospatial analyst Abhijit Ekbote allows citizens to assess mangrove loss caused by the proposed Versova–Dahisar Coastal Road, which the Brihanmumbai Municipal Corporation (BMC) estimates will require cutting down at least 45,000 mangroves. Hosted on CityResource.in, a platform providing archival maps, spatial data, […]
BMC Completes Rebuild Of 130-Year-Old Bellasis Flyover In Record 15 Months
January 27, 2026: The Brihanmumbai Municipal Corporation (BMC) has completed the reconstruction of the Bellasis flyover, a key east–west connector linking Tardeo, Nagpada and Mumbai Central, with the bridge set to open to traffic shortly. Officials said the project was finished in 15 months and six days, significantly ahead of the original deadline, even though […]
MHADA 2026 Lottery: 3,000 Affordable Homes Up For Grabs In Mumbai
January 27, 2026: Mumbai residents may soon have a chance to own affordable housing, as the Maharashtra Housing and Area Development Authority (MHADA) prepares to announce a lottery for around 3,000 homes once the Model Code of Conduct for the Brihanmumbai Municipal Corporation (BMC) elections is lifted. Sources suggest the lottery is likely to be […]
Harbour Line Commuters To Get 14 AC Local Trains From Republic Day
January 26, 2026: Mumbai’s Harbour Line is set to see the return of air-conditioned local trains, with Central Railway announcing the introduction of 14 AC services from January 26, 2026. Described by officials as a ‘Republic Day Gift’ for commuters, the move marks the reintroduction of AC locals on the CSMT–Panvel corridor after a gap […]
Early Days At Navi Mumbai International Airport Reveal Gains And Gaps
January 26, 2026: After years of planning and four years of construction, Mumbai’s second airport became operational last Christmas, marking a milestone in the region’s aviation infrastructure. The Navi Mumbai International Airport (NMIA), located in Ulwe in Raigad district, was inaugurated in early October 2025 and began commercial operations in December. Managed by Adani Airports, […]
After 17-Year Wait, Jogeshwari Redevelopment Sees Fresh Start As MHADA Lifts Stop-Work Order
January 26, 2026: After nearly two decades of delays, homebuyers and tenants linked to a stalled redevelopment project in Jogeshwari have received renewed hope, following the withdrawal of a stop-work notice by the Maharashtra Housing and Area Development Authority (MHADA). The decision clears the way for construction to resume on a project that has remained […]
Monopile Bridge To Link Versova–Dahisar Coastal Road Over Goregaon Flyover
January 26, 2026: The Brihanmumbai Municipal Corporation (BMC) has resolved a key challenge in the construction of the Versova–Dahisar Coastal Road by approving a new bridge alignment at Goregaon without demolishing the existing Veer Savarkar Flyover, also known as the MTNL Flyover. The decision follows technical evaluation and public opposition to the earlier demolition plan. […]
Maharashtra Cabinet Clears Ulwe Land For TTD Temple At Nominal Rate
January 24, 2026: The Maharashtra cabinet has approved the allotment of a 3.6-acre plot in Sector 12 of Ulwe, Navi Mumbai, to the Tirumala Tirupati Devasthanams (TTD) at a symbolic rate of Re 1 per square metre for the construction of a Sri Padmavathi Ammavari Temple. The decision was taken at a cabinet meeting held […]