Mumbai Property News

Raymond Realty has entered into a joint development partnership with County Group for a project in Mumbai, highlighting the growing use of collaboration models to expand housing supply in the city.

The Maharashtra government has reiterated its commitment to completing the long-delayed Patra Chawl redevelopment project in Mumbai, bringing renewed hope to residents awaiting rehabilitation homes.

The BMC has approved the empanelment of geotechnical experts to review construction proposals, strengthening safety checks and foundation assessments before projects move forward.

The Maharashtra budget has outlined plans for urban expansion and ambitious metro network targets, reinforcing the role of infrastructure in shaping future real estate growth across Mumbai and the wider metropolitan region.

Maharashtra has announced a ₹23,487-crore metro line to the Gateway of India, improving access to south Mumbai.

MHADA has signed redevelopment agreements for the GTB Nagar project in Mumbai, marking a major step forward in the transformation of one of the city's ageing housing colonies.

Maharashtra's financial pressures could lead to a ready reckoner rate increase of more than 5%, potentially raising stamp duty and registration costs for property buyers across Mumbai and the state.

Modis Navnirman has been appointed to redevelop a residential society in Mumbai, highlighting the continued importance of redevelopment in creating new housing supply across the city.

The Maharashtra government has abolished the non-agricultural (NA) tax for urban housing societies, providing financial relief to lakhs of homeowners and reducing administrative compliance requirements.

The BMC House has sought property tax relief for residential units measuring up to 700 sq ft, a proposal that could reduce annual housing costs for a large section of Mumbai's middle-class and lower-income households.

Navi Mumbai Municipal Corporation collected approximately ₹650 crore in property tax during FY26, reflecting stronger compliance, a growing property base, and improving civic finances.

Actor Shraddha Kapoor has recently renewed her lease on an apartment located in the upscale Juhu area of Mumbai, with the rental amount set at approximately ₹6 lakh per month. This renewal highlights the ongoing demand for premium rental properties in Juhu, a locality known for its proximity to t