Mumbai Property News

The Reserve Bank of India has kept the repo rate unchanged at 5.25%, providing stability for homebuyers, developers, and lenders while supporting continued momentum in the housing market. Inflation has eased below the RBI's target, allowing policymakers to maintain a balanced approach.

Maharashtra has revised its sand extraction policy to include new royalty rates and district-level online auctions.

Pune's civic administration has ordered the evacuation of 36 unsafe wadas before the monsoon, citing safety concerns.

A 101-acre Andheri West cluster has been picked as Mumbai's first large slum cluster redevelopment, with 28,061 rehab homes planned and three developers bidding; about 18 such clusters are mapped citywide.

The sale of Air India's iconic Nariman Point headquarters and the consolidation of operations in Gurugram signal the final chapter in the airline's long association with Mumbai, the city where Indian civil aviation was born.

Chief Justice of India Surya Kant has cautioned that arbitration is increasingly acquiring many of the delays and inefficiencies it was originally designed to eliminate, raising concerns about the future effectiveness of India's dispute-resolution framework.

The Maharashtra government has moved to accelerate the long-pending Thane cluster redevelopment scheme by transferring key projects to MSRDC, a decision aimed at speeding up rehabilitation and urban renewal across some of the city's most congested and unsafe neighbourhoods.

A recent Supreme Court ruling has clarified the distinction between genuine homebuyers and investors under the Insolvency and Bankruptcy Code (IBC), a decision that could significantly impact future insolvency proceedings involving real estate projects.

The proposed widening of Mumbai's iconic Marine Drive has been put on hold until the Orange Gate–Marine Drive twin tunnel project becomes operational, highlighting the city's strategy of balancing infrastructure upgrades with traffic management and heritage preservation.

Quick-commerce platforms like Blinkit and Zepto are transforming Mumbai's retail landscape by enabling rapid delivery, impacting consumer behavior and commercial real estate dynamics.

Adani Properties has secured the highest bids for MHADA's redevelopment projects in Worli and Bandra, awaiting further approvals.

The Maharashtra government has acquired the Air India building in Nariman Point for ₹1,601 crore, addressing its office space shortage.