October 8, 2025: The State Bank of India (SBI) has announced plans to acquire 200 ready-to-move-in two-bedroom apartments across multiple locations in the Mumbai Metropolitan Region (MMR), in a bulk purchase estimated at Rs 294 crore, excluding statutory taxes. According to bids floated on October 7, the bank has invited
October 08, 2025: The Maharashtra government has approved a new cluster-based slum redevelopment policy for Mumbai, marking a major step toward transforming the city’s informal settlements into planned urban communities. The decision, cleared by the state cabinet on October 7, envisions converting slum clusters spread over 50 acres or more
October 08, 2025: Prime Minister Narendra Modi will arrive in Mumbai on Wednesday for a two-day visit packed with major infrastructure inaugurations, fintech collaborations, and diplomatic engagements. The visit will see the launch of two landmark projects — the Navi Mumbai International Airport (NMIA) and Phase 2B of the fully
October 07, 2025: In a bid to boost multimodal connectivity in the Mumbai Metropolitan Region, Deputy Chief Minister Eknath Shinde has directed officials to explore linking the upcoming Mhatardi bullet train station in Thane with nearby railway and metro networks. The move aims to establish Mhatardi—located near Diva—as a key
October 07, 2025: The Maharashtra Housing and Area Development Authority (MHADA) has revised how it calculates premiums for commercial space in redevelopment projects under its Mumbai Board, replacing the earlier rule that charged 1.5 times the residential rate for additional commercial floor space. The move comes after years of appeals
October 7, 2025: The Brihanmumbai Municipal Corporation (BMC) has extended by two weeks the deadline for submission of Expressions of Interest (EOIs) from qualified developers for the redevelopment of 26 slum rehabilitation schemes situated on civic-owned lands. The new deadline for bid submissions is now October 27. A majority of
October 7, 2025: The Navi Mumbai International Airport (NMIA), scheduled for inauguration on October 8, is set to become India’s first fully digital airport, offering facilities such as online check-in, baggage drop, immigration services and pre-booked parking, according to Arun Bansal, Chief Executive Officer of Adani Airports Holdings Ltd (AAHL).
October 07, 2025: In a move aimed at making redevelopment projects across Mumbai more viable, the Maharashtra Housing and Area Development Authority (MHADA) has revised its 2007 redevelopment policy, easing both premium charges and payment terms for developers and housing societies. Under the updated policy, MHADA has modified the calculation
October 07, 2025: The Maharashtra government has set up a high-powered committee (HPC) to oversee the massive redevelopment of Sardar Vallabhbhai Patel (SVP) Nagar Colony in Andheri West, which covers 4,973 flats across 498 plots. The committee, led by Aseem Gupta, Additional Chief Secretary (Housing), includes MHADA Vice President and
October 06, 2025: The Mumbai Coastal Road, once celebrated as a symbol of the city’s modern infrastructure, is increasingly raising safety concerns. Frequent incidents of overspeeding and a recent car fire inside the tunnel have prompted the Brihanmumbai Municipal Corporation (BMC) to take corrective measures. Authorities are now considering the
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