The Maharashtra Tourism Development Corporation (MTDC) has launched plans to modernise five of its key tourism properties across the state through the public-private partnership (PPP) model, including the development of a new five-star resort at Tadoba. The proposed upgrades will cover properties in Tadoba, Mithbav, Mahabaleshwar, Matheran and Harihareshwar. MTDC
The Bombay High Court has dismissed five petitions seeking additional compensation for land acquired in Thane district for the Mumbai-Nagpur Samruddhi Expressway, ruling that the claimants had voluntarily accepted compensation agreements covering the agricultural portions of their land. A division bench of Justices Manish Pitale and Shreeram Shirsat rejected the
The Kalyan-Dombivli Municipal Corporation (KDMC) has stepped up its enforcement drive against unauthorised development, clearing 65 illegal foundations and structures from the Balyani-Galegaon area. The action was carried out behind the NRC Company premises at Dongarwali Maiya in Galegaon, falling under the civic body’s ‘A’ Ward. JCB machines were deployed
Mumbai’s commercial landscape has continuously expanded as new infrastructure and connectivity have opened up emerging business districts. From Nariman Point and Lower Parel to Bandra-Kurla Complex (BKC), Andheri, Goregaon and Malad, the city’s office markets have grown alongside transport links, housing and supporting social infrastructure. Borivali could now be entering
Adani Airports Holdings Ltd (AAHL) is nearing the close of a major capital-raising exercise that could value the airport operator at more than USD 20 billion, with global investment major BlackRock exploring an equity investment in the company. The proposed fundraise comes at an important juncture for the Mumbai Metropolitan
Nadiadwala Grandson Entertainment Pvt Ltd, the production company founded by filmmaker Sajid Nadiadwala, has leased two commercial office units on the eighth floor of Lotus Grandeur in Andheri West, Mumbai, to Rhea and Dia Enterprises Pvt Ltd for a 28-month period. According to property registration documents accessed by CRE Matrix,
Mumbai’s historic Laxmi Nivas bungalow on Nepean Sea Road is set for a dramatic transformation, with the landmark seafacing property proposed to be replaced by a 110.6-metre residential tower. The bungalow is known for its reported connection to India’s freedom movement, including its association with underground leaders during the Quit
The Gaimukh-Payegaon Creek Bridge project in Thane has crossed a significant construction milestone, with overall progress reaching around 25% and piling work across the Thane Creek section exceeding 95%, according to an official project update. Being developed by the Mumbai Metropolitan Region Development Authority (MMRDA), the 6.5-km bridge is expected
Mumbai’s skyline continues to rise, but a growing conversation is shifting attention from new towers to what happens to high-rise buildings decades after possession. A recent discussion on Reddit has sparked debate over maintenance expenses, structural repairs, construction quality and the eventual need for redevelopment of ageing residential towers. The
Redevelopment is emerging as a major driver of Mumbai’s residential market, with projects in this segment accounting for 15% of total housing sales during the first half of 2025-26, according to a JLL and NAREDCO report. The share was only around 6% between 2016 and 2021. For the first time,
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