Mumbai Property News

MahaRERA approved more than 10,000 housing projects during FY26, reflecting strong development activity across Maharashtra and reinforcing the regulator's role in maintaining transparency and accountability in the real estate sector.

Four bidders are reportedly in the race for a prime BMC-owned land parcel in Lower Parel valued at around ₹1,348 crore, highlighting strong demand for premium development opportunities in central Mumbai.

The Bombay High Court has permitted MHADA to utilise unclaimed flats in the Patra Chawl redevelopment project, a move that could help unlock ready housing stock and advance the resolution of one of Mumbai's most closely followed redevelopment schemes.

More than 900 acres of MHADA layouts across Mumbai are set for redevelopment, paving the way for large-scale urban renewal, modern housing, and significant additions to the city's residential supply.

MMRDA has initiated land acquisition for the proposed Third Mumbai project, an ambitious urban development planned around the Navi Mumbai International Airport that aims to create a major new residential, commercial, and infrastructure hub.

Suraj Estate Developers has acquired a land parcel in Dadar West for approximately ₹18 crore, reinforcing continued developer interest in Mumbai's well-established central neighbourhoods.

Authorities have issued notices to seven slum settlements in Dharavi as part of the redevelopment process, marking an important step in identifying eligible residents and advancing one of Mumbai's largest urban renewal initiatives.

Around 19 large slum clusters across Mumbai are slated for redevelopment, signalling a major push towards urban renewal, improved housing, and infrastructure upgrades in the land-constrained city.