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,
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
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
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
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
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