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
Mazagon Dock Shipbuilders Limited has received a recent inquiry order valued at Rs 117.99 crore from Maharashtra State Electricity Transmission Company Ltd for the supply of the AI-based Comprehensive Infrasecure Project at five substations. India’s power transmission infrastructure is increasingly adopting technology-led solutions to improve the monitoring and security of
The Brihanmumbai Municipal Corporation (BMC) has initiated a fresh assessment of Mumbai’s vulnerability to rising sea levels, examining how coastal development, changing land use and evolving climate patterns could affect the city’s 149-km shoreline. The study is the civic body’s second major sea-level risk assessment in five years and is
The proposed redevelopment of Simplex Housing Condominium in Ghansoli has triggered a wider debate in Navi Mumbai over balancing the need for larger homes with the ability of existing infrastructure to support greater population density. Maharashtra Deputy Chief Minister and Urban Development Minister Eknath Shinde has backed the proposed cluster
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,
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
Residents of Lokhandwala Complex in Andheri West have raised concerns over pedestrian safety along a stretch beneath the under-construction Metro Line 6, where inadequate lighting, blocked footpaths and construction activity are making it difficult to walk after sunset. Local residents, particularly women, have complained that the area between the under-construction
Residents of Crescent Bay in Parel have secured relief from the Maharashtra Real Estate Regulatory Authority (MahaRERA), which has directed the developer to address long-pending leakages, safety concerns and other deficiencies in the high-rise project’s common areas. The order, passed by MahaRERA chairperson Manoj Saunik on September 3, directs L&T
Raymond Realty is preparing to enter South Mumbai’s premium residential market with Raymond Mahalaxmi, a proposed luxury housing development in Mahalaxmi. The project is currently in the pre-launch stage, with 2, 3 and 4 BHK residences expected to form the core of the offering. Located near the Mahalaxmi Racecourse, 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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