Real Estate Pune
Maharashtra Cabinet Approves Loan Plan for Pune Metro Lines 2 and 4
The Maharashtra Cabinet has approved a loan plan for the construction of Pune Metro Lines 2 and 4, paving the way for enhanced urban connectivity in the city.
Real Estate Mumbai
MMRDA Set to Begin Auction for Wadala Central Business District
With the land bank in BKC fully sold out, MMRDA is preparing to auction plots in the city's third central business district (CBD) located in Wadala. The 156-hectare land parcel is set to transform the area into a mixed-use commercial hub.
Real Estate Mumbai
Mumbai's Urban Connectivity Transformed with $100-Billion Infrastructure Push
Mumbai is set for a major transformation with infrastructure projects worth $100 billion, including new metro lines and sea links, aimed at doubling the Mumbai Metropolitan Region’s GDP by 2030.
real estate news
Jet Airways Transfers Mumbai Office Space Lease for ₹370 Crore Amid Liquidation
Jet Airways, currently undergoing liquidation, has agreed to transfer the lease of its Mumbai office space for ₹370 crore. The transfer, subject to MMRDA approval, is part of the IBC and Liquidation Regulations process.
Real Estate Mumbai
Paras Railtech Secures Rs 1.22 Billion Contract for Mumbai Metro Line 2B
Paras Railtech has been awarded a significant contract worth Rs 1.22 billion to construct the ballastless track for the upcoming Mumbai Metro Line 2B, connecting Andheri West to the Bandra-Kurla Complex and Mandale.
Real Estate Mumbai
Mumbai's Public Transport Revolution: Metro Expansion and Mumbai One App
Mumbai is set to transform its public transport system by 2025 with the addition of four new Metro lines and the launch of the Mumbai One app, aiming to create a seamless, eco-friendly, and equitable travel experience.
Real Estate Mumbai
MMRCL Proposes 17.5km Underground Metro Line 11 in Mumbai
The Mumbai Metropolitan Region Development Authority (MMRDA) has proposed a new 17.5km underground Metro Line 11 to enhance urban transport in Mumbai. This line is set to provide a crucial link in the city’s expanding metro network.
Real Estate Mumbai
NCC Ltd Secures Major ₹2,269 Cr Order for Mumbai Metro Line 6
NCC Ltd, a leading infrastructure and construction company, has secured a significant order worth ₹2,269 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) for the development of Mumbai Metro Line 6.
Real Estate Mumbai
Mira-Bhayandar Builder Fined Rs 46.5 Lakh for Road Cave-In Incident
The Mira-Bhayandar Municipal Corporation (MBMC) has fined a developer Rs 46.5 lakh following a road collapse near a residential project site in Bhayandar East. The incident, which occurred during piling work, highlights the need for stricter construction safety measures and municipal oversight.
Real Estate Mumbai
NPCI Secures Prime Land in Mumbai for New Headquarters
The National Payments Corporation of India (NPCI) has acquired a 1.5-acre land parcel in the Bandra-Kurla Complex (BKC) in Mumbai from the Mumbai Metropolitan Region Development Authority (MMRDA) for Rs 829.43 crore. The site will be used to develop a 16-storey office building to house NPCI's new headquarters and a large R&D center.
Real Estate
NPCI Secures 80-Year Lease for Prime 6,019.1 sq m Plot in Mumbai’s BKC for ₹829 Crore
The National Payments Corporation of India (NPCI) has signed an 80-year lease agreement with the Mumbai Metropolitan Region Development Authority (MMRDA) to acquire a 6,019.1 sq m land parcel in Mumbai’s Bandra-Kurla Complex (BKC) for ₹829.43 crore. The plot offers a maximum built-up area of 2.59 lakh sq ft.
Real Estate Mumbai
Two Women Arrested for Defrauding 16 Victims of Rs 1.57 Crore in Mumbai
Bhandup police have arrested two women for allegedly defrauding over 16 individuals, mostly low-income earners, of Rs 1.57 crore by posing as agents of a government housing scheme in Mumbai.
Real Estate Mumbai
Bhiwandi Sees Clearance of Illegal Constructions Under MMRDA Scheme
The Mumbai Metropolitan Region Development Authority (MMRDA) has taken a proactive step to clear several illegal constructions in Bhiwandi, a move aimed at regularizing the area and ensuring urban planning compliance.
Real Estate Mumbai
MMRDA Requests Rs 5.50 Bn Property Tax Waiver for Metro Yards and RMC Plants
The Mumbai Metropolitan Region Development Authority (MMRDA) has submitted a proposal to the State Urban Development Department, seeking a waiver of Rs 5.50 billion in property tax for metro yards and ready-mix concrete (RMC) plants.
Real Estate Mumbai
MMRDA Seeks Property Tax Waiver for Metro Construction Sites in Mumbai
The Mumbai Metropolitan Region Development Authority (MMRDA) has requested the State Urban Development Department to waive ₹550 crore in property tax for temporary casting yards and RMC plants used by Metro contractors.
Real Estate Mumbai
MMRDA Approves Rs 120 Billion for Metro and Transport Projects
The Mumbai Metropolitan Region Development Authority (MMRDA) has approved a massive investment of Rs 120 billion for various metro and transport projects, including the development of Metro Line 4 and 6, and the enhancement of the Mumbai Trans Harbour Link (MTHL).
Real Estate Mumbai
MMRDA Acquires 174 Hectares in Thane for Mega Metro Depot
The Mumbai Metropolitan Region Development Authority (MMRDA) has acquired 174 hectares of land in Mogarpada, Thane, to develop a large integrated metro depot. This depot will serve as the central operations and maintenance hub for four Metro lines, enhancing connectivity in the region.
Real Estate Mumbai
Mumbai's Double-Decker Flyover: Set for 2026 Completion
Under the 'Mumbai in Minutes' initiative, the Mumbai Metropolitan Region is set to see the completion of its ambitious double-decker flyover project by 2026. This project aims to significantly reduce traffic congestion and improve connectivity between key areas.
Real Estate Mumbai
Mumbai HC Directs MMRDA to Deposit Rs 1,169 Crore Over Metro One Dispute
The Mumbai High Court has ordered the Mumbai Metropolitan Region Development Authority (MMRDA) to deposit Rs 1,169 crore by 15 July 2025, following a 2023 arbitral award in favor of Mumbai Metro One Pvt Ltd (MMOPL). This decision underscores the financial and legal complexities in large-scale infrastructure projects and highlights the need for robust governance and cost-sharing mechanisms.
Real Estate Mumbai
MMRDA Allocates BKC Plots to Sumitomo and Brookfield for Rs 3,840 Crore
The Mumbai Metropolitan Region Development Authority (MMRDA) has allocated plots in BKC to Sumitomo and Brookfield for Rs 3,840 crore, with plans for mixed-use and office developments, including a luxury hotel.