Mumbai’s proposed international finance and business centre has yet to take off, even as Maharashtra moves ahead with a major financial hub planned for Nagpur. The contrasting progress puts the spotlight back on Mumbai’s plans to strengthen its position as the state’s financial capital. The proposed Mumbai centre was planned
The Bombay High Court has dismissed a petition filed by slum dwellers from Chinchpokli East who opposed their relocation to Bhandup under a redevelopment project, ruling that they had no enforceable right to insist on in-situ rehabilitation. A division bench of Justices Suman Shyam and Advait Sethna passed the order
The Maharashtra Urban Development Department has accorded in-principle approval for a ₹26-crore multi-purpose shooting complex in Thane, paving the way for a dedicated training facility for competitive shooting. The project will be developed on a reserved plot near Hiranandani Estate in Waghbil under the Ovla-Majiwada constituency. The approval was announced
A controversy has erupted in the Thane Municipal Corporation (TMC) after corporators questioned the grant of ₹2,800 crore worth of Transferable Development Rights (TDR) to a private company against disputed forest land. During the general body meeting on Tuesday, corporators raised concerns over the legality of the decision, alleging it
The Maharashtra government has initiated a comprehensive survey of residential encroachments on government land in Mumbai city, Mumbai suburbs and Pune that existed before January 1, 2011, as it explores extending its regularisation policy to these urban centres. Revenue Minister Chandrashekhar Bawankule on Wednesday directed the formation of a high-level
The Palghar District Court has upheld the Revenue Department’s action against an unauthorised commercial complex near Boisar railway station, clearing the way for the demolition of 54 illegal shops built without planning approval. In an order dated July 23, District Judge A. R. Rahane dismissed the landowners’ appeal and ruled
In a move to strengthen transparency and accountability in public infrastructure projects, the Maharashtra government has decided to deploy Artificial Intelligence (AI) and geo-tagging technology to monitor and audit development works carried out by urban and rural local bodies across the state. Under the new system, projects executed by municipal
Residents of Lokhandwala Township and nearby areas are set to get much-needed traffic relief as a key stretch of the long-pending Magathane-to-Goregaon 120-feet Development Plan (DP) road is expected to open in June. The project, which is being closely monitored under the Chief Minister’s War Room initiative, will improve access
In a major step towards technology-driven urban governance, the Brihanmumbai Municipal Corporation (BMC) has launched ‘CivitTwin’, an artificial intelligence (AI)-based building approval system designed to streamline and accelerate the construction permission process in Mumbai. The platform was inaugurated by Maharashtra Deputy Chief Minister Devendra Fadnavis during the opening of Mumbai
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,
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