Tag: BMC

CommercialLatest Stories

Bhubaneswar: BMC to Survey Commercial Activities in Homes

BHUBANESWAR: As parking problems escalate in residential areas due to rising commercial activities, the Bhubaneswar Municipal Corporation (BMC) has decided to conduct an extensive survey across various wards to formulate plans for regulating parking and commercial operations. During a corporation meeting on Wednesday, BMC corporators expressed concerns over this mounting issue in the city’s lanes and by-lanes, prompting a lengthy discussion aimed at assessing the severity of the problem. “The parking situation is a major concern for the city, and we are actively seeking solutions. Initial discussions have taken place. Hospitals and similar institutions must collaborate to create adequate parking…

IndustryLatest Stories

BMC Seeks Tenants for 30-Year Lease of Worli Plot

Representative AI image MUMBAI: On Friday, BMC released a tender for leasing a plot in Worli for a 30-year term, extendable by an additional 30 years, under a model ensuring private participation. The plot covers 1,299.52 sq m and is strategically located near the Bandra Worli Sealink. Last year, G South ward officials reclaimed this plot after the previous lease expired, with intentions of converting it into a municipal gymkhana for officers. As part of the newly announced tender, the successful bidder will need to develop the plot in accordance with the sanctioned Development Plan 2034 for the G/South ward.…

Latest StoriesResidential

Maharashtra: Just 25% of Slum Rehab Goal Achieved in 3 Years

Representative AI image MUMBAI: With less than two months remaining, the state government has achieved only 25% of its goal to construct 1.5 lakh slum rehabilitation tenements for the period 2022-2025. As of September, 37,560 tenements have been completed and occupied, according to officials from the Slum Rehabilitation Authority (SRA). The sluggish construction pace jeopardizes the aim of building over 5 lakh houses by 2030. In 2022, the government identified 517 stalled slum rehabilitation projects. Of these, 45 projects received backing from financial institutions, and new builders were appointed for 21 of them. Decisions for the remaining projects are still…

Latest StoriesResidential

Mumbai property registrations fall 14% to 11,200 in October 2025

NEW DELHI: Mumbai city (BMC jurisdiction) is projected to see approximately 11,200 property registrations in October 2025, with stamp duty collections reaching ₹1,004 crore. This represents a 14% decline in registrations year-on-year and a 17% drop in revenue collections. Comparing month-over-month data, registrations decreased by 7%, and stamp duty collections saw a 22% decline. Residential transactions accounted for about 80% of all registrations during the month. Prashant Sharma, president of NAREDCO Maharashtra, commented, “The slight decline in registrations this October should be viewed as a temporary adjustment, not a cause for concern. We anticipate that with supportive government initiatives and…

Latest StoriesRegulatory

Bombay HC Issues Contempt Notice to Doctor Over SRA Tenement Lies

MUMBAI: The Bombay High Court has issued a show-cause notice for contempt of court to a doctor accused of hiding information while applying for a rehabilitation tenement in a Santacruz (W) slum redevelopment project. “Such conduct amounts to abuse of process and, if left unchecked, would undermine the court’s responsibility to ensure justice,” stated Justices Ajey Gadkari and Kamal Khata on Thursday, rejecting Mumtaz Khoja’s review petition and imposing a cost of Rs 5 lakh. Additionally, they instructed the BMC and SRA to investigate how a trust led by Khoja was allowed to operate a school with 150 students in…

Latest StoriesResidential

Mumbai civic body plans first independent online lottery for flats

Representative Images MUMBAI: For the first time, the BMC will independently conduct an online lottery for the sale of 426 homes across the city, with anticipated revenues of approximately Rs 308 crore. The flats, priced between Rs 55 lakh and Rs 1 crore, are situated in areas such as Kandivli, Bhandup, Byculla, Kanjurmarg, Jogeshwari, and Goregaon. These homes will exclusively be available for applicants from the Economically Weaker Section (EWS) and Low-Income Group (LIG). The BMC obtained these tenements under Regulation 15 of the Development Control and Promotion Regulations (DCPR) 2034, which requires that developers allocate a portion of residential…

Latest StoriesResidential

Mumbai’s Property Registrations Up 20% This Navratri

MUMBAI: The Greater Mumbai area under BMC jurisdiction recorded 6,238 property registrations during the 10-day Navratri period (Sept 22–October 1, 2025), reflecting a 20% increase from 5,199 registrations in the same timeframe last year. This boost also contributed to a 17% year-on-year rise in state revenue collections, reaching Rs 587 crore during the festive season. The average daily registrations improved from 578 units in Navratri 2024 to 624 units in 2025, as per data provided by Knight Frank India. According to the global property consultant, September 2025 saw a total of 12,070 registrations, making it the best September for the…

Latest StoriesResidential

Mumbai Property Registrations Surge 32% in September 2025

MUMBAI: In September, property registrations in the Mumbai municipal area surged by 32% to 12,070 units, driven by strong festive demand, as reported by Knight Frank India. According to data from the Maharashtra government, the city of Mumbai (within BMC jurisdiction) saw 12,070 property registrations last month, up from 9,111 units during the same period in the previous year. The figures include transactions from both primary (first sale) and secondary (resale) markets. “Mumbai city recorded a 32% year-on-year increase in property registrations for September,” noted the consultant. Stamp duty collections reached Rs 1,292 crore, reflecting a 47% year-on-year rise, with…

InfrastructureLatest Stories

Builder drains rainwater onto road; FIR registered in Mumbai

MUMBAI: The BMC has initiated legal action against a developer from the SRA at Oshiwara Police Station for improperly discharging accumulated rainwater from the project site onto SV Road near Oshiwara Garden. This was done using motor pumps, which contributed to the deterioration of the road condition. Civic officials discovered the discharge while repairing potholes. BMC representatives stated that it is the developers’ responsibility to appropriately dispose of rainwater or debris from their site. However, in this incident, the developer discharged rainwater directly onto the road. “The road is asphalt and lacks a stormwater drainage system. Such a road cannot…

IndustryLatest Stories

BMC Seeks Developers for Mumbai Slum Rehab on 26 Parcels

MUMBAI: On Thursday, the BMC announced the invitation for Expressions of Interest (EOI) from qualified developers to undertake slum rehabilitation projects on 26 civic-owned land parcels, as per Regulation 33(10) of the Development Control and Promotion Regulations 2034. BMC’s latest initiative comes four months after it sought EOIs for 64 Slum Rehabilitation Authority (SRA) schemes, covering approximately 49,000 structures over an area of about 8.4 lakh sq m, which attracted insufficient interest. A senior civic official commented, “BMC acts as the planning authority for 64 SRA schemes, of which 17 have been suspended. EOIs were solicited for 47 schemes in…