Mumbai’s property market is witnessing supply pressures in certain redevelopment-heavy micro-markets, but overall buyer demand remains steady, said Abhishek Lodha, CEO and MD of Lodha Developers. Oversupply Concentrated in Select Locations According to Lodha, a spike in redevelopment activity across parts of the city has resulted in higher inventory in
The much-anticipated Mumbai water metro project is likely to begin operations in phases from December, Maharashtra Ports Minister Nitesh Rane announced on Monday. The initiative aims to introduce battery-powered ferries across the Mumbai Metropolitan Region (MMR) to ease road congestion and offer a faster, eco-friendly commuting option. Speaking to PTI,
With the end of the administrator’s rule, Mumbai’s newly elected representatives have resumed control over the city’s development agenda, including major infrastructure and greening initiatives. In an interaction, Karen Chapple, director of the School of Cities at the University of Toronto and Professor Emerita at the University of California, Berkeley,
Forest minister and senior BJP leader Ganesh Naik on Thursday declared that no redevelopment or demolition project in Navi Mumbai — including action against officially dangerous buildings — would proceed without his explicit consent, drawing sharp political and administrative reactions. Speaking at a Janta Darbar at Vashi’s Vishnudas Bhave Auditorium,
Union Minister Manohar Lal on Friday stressed the need to build robust urban infrastructure through the Transit-Oriented Development (TOD) model to make housing more accessible and sustainable. Addressing a conference, he highlighted the importance of integrated urban planning that links housing with transport networks and forward-looking policy reforms. The minister
Maharashtra Assembly Speaker Rahul Narwekar said infrastructure expansion and housing growth will play a central role in driving India towards its Rs 416 lakh crore economic ambition, while addressing industry leaders at the ET Now Realty Conclave & Awards 2026 – West Edition. Linking real estate to India’s broader development
Mumbai’s persistent traffic congestion, particularly in its busiest commercial districts, could soon be addressed through a congestion pricing mechanism. BJP councillor Makarand Narvekar has proposed levying an entry fee on private vehicles entering key Central Business Districts (CBDs), to ease traffic flow and reduce pollution. He has urged the Brihanmumbai
Union Railway Minister Ashwini Vaishnaw on Saturday announced that a premium train service connecting Bengaluru and Mumbai will begin shortly, citing ongoing line doubling and record levels of railway investment in Karnataka. The minister said the enhanced infrastructure capacity would enable the introduction of more services on key intercity routes.
The Union Budget 2026–27 has drawn mixed reactions from India’s real estate industry, with experts largely describing it as a budget of continuity rather than stimulus. While homebuyers and developers had hoped for fresh tax reliefs or sector-specific incentives, the government chose to maintain existing frameworks, signalling confidence in the
Union Minister of Commerce and Industry Piyush Goyal has urged policymakers to encourage a shift towards precast and steel construction techniques to reduce dust pollution in Mumbai and other Indian cities. Speaking at a meeting with businessmen and office-bearers of housing societies at Adarsh Complex in Malad West, Goyal underlined
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