IndustryLatest Stories

Dharavi Phase I Redevelopment to Finish in 18 Months: Deputy CM

MUMBAI: On Tuesday, Maharashtra Chief Minister Devendra Fadnavis stated that the Dharavi Redevelopment Project is more than just a housing scheme; it represents an economic transformation. He confirmed that the first phase of approximately 10,000 homes is set to be completed in the next 18 months. During the legislative assembly session, Fadnavis highlighted that eligible residents will be rehabilitated on-site, while others will be offered homes at nearby locations. Additionally, he mentioned that the state has identified 19 cluster redevelopment projects across Mumbai as part of its urban renewal strategy. The Dharavi Redevelopment Project aims to transform Asia’s largest slum…

IndustryLatest Stories

Brihanmumbai civic body orders halt to unsafe building projects

MUMBAI: On Monday, the Brihanmumbai Municipal Corporation (BMC) issued directives to developers and contractors to halt hazardous construction activities and implement strict safety measures at project sites, in response to a ‘red’ alert for severe rain and strong winds. The BMC emphasized that compliance with this advisory is mandatory, highlighting the importance of safeguarding workers, local residents, and the general public. In a message to developers, architects, licensed surveyors, contractors, project managers, and site engineers, the civic body requested inspections of scaffolding, tower cranes, material hoists, safety nets, formwork, tin sheets, and other temporary structures to ensure stability and secure…

IndustryLatest Stories

BMC Revives OC Amnesty for Pre-Nov 2016 Mumbai Buildings

MUMBAI: Nearly three months after proposing an amnesty scheme aimed at issuing occupation certificates (OCs) for buildings lacking mandatory approvals—even if they have been occupied for years—the BMC is set to revisit this proposal at the civic standing committee meeting on Thursday. Civic officials indicate that the scheme will target buildings constructed before November 17, 2016, including those that had previously been ineligible for OCs due to deviations from approved plans or additional constructions. When first presented in April, the BJP-led standing committee chose not to discuss the proposal, mainly due to disagreements over a clause that includes housing units…

Latest StoriesResidential

Mumbai property registrations up 7% to 12,315 in May 2026

NEW DELHI: The Brihanmumbai Municipal Corporation (BMC) reported that Mumbai saw 12,315 property registrations in May 2026, marking a 7% increase compared to the previous year, according to Knight Frank India. This figure represents the highest number of registrations for May in the last 14 years, exceeding the peak recorded in May 2025. The state government earned ₹1,051 crore from stamp duty during this month, reflecting a 1% year-on-year decline. Knight Frank indicated that this slight reduction in revenue, despite the rise in registrations, was due to changes in the mix of transactions. However, registrations saw a 14% decrease from…

IndustryLatest Stories

Mumbai’s Slum Skyscrapers: A Hidden Development Boom

MUMBAI: With the city unable to expand horizontally, Mumbai’s vast slums are evolving vertically. In areas like Govandi, Kurla, and Bandra East, traditional ground-plus-one shanties are giving way to ‘slum skyscrapers’ that reach five to seven stories, openly defying the 14-foot height limit. Civic activist Zoru Bathena, who resides in Juhu, points to areas close to Juhu Tara Road where shanties have transformed into four-story structures. Despite multiple complaints to local authorities, enforcement of regulations remains inconsistent. “The BMC intervened briefly, but construction resumed shortly after,” Bathena noted, emphasizing that while these slums have existed for years, their recent multi-story…

InfrastructureLatest Stories

Mumbai BMC Requires Real-Time Tracking of Construction Waste

Representative AI image MUMBAI: In light of increasing redevelopment-driven construction in the city, the BMC has established a standard operating procedure (SOP) to manage construction and demolition (C&D) waste effectively. According to the circular, all developers, contractors, infrastructure agencies, and government bodies must segregate waste at its source into two distinct categories: excavation material and construction debris. Penalties for non-compliance can reach Rs 25,000 per vehicle per incident, with stricter consequences for repeat offenders. Excavation material includes soil, murum (crushed rock), and earth, while C&D waste encompasses debris produced from construction and demolition activities. Mixing these categories is strictly prohibited,…

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Mumbai developers contribute ₹11,626 crore to BMC in FY26

MUMBAI: Builders in the city emerged as the leading revenue source for the BMC during 2025-26, contributing a staggering Rs 11,626 crore in premiums and development charges. This figure reflects a significant increase from the BMC’s highest recorded property tax collection of Rs 7,610 crore in the previous financial year, driven primarily by extensive redevelopment projects. “The development plan department is the principal revenue generator for the municipal corporation,” stated a civic official. This amount marks the highest collection from developers since the Covid-19 lockdown. In October 2020, the BMC incentivized the real estate sector by offering a 50% discount…

Latest StoriesResidential

50% Property Tax Discount for Women Owners in Pune

PUNE: Smaller property owners expecting tax concessions from the civic administration, as promised by political leaders, continue to wait. During the Pune Municipal Corporation (PMC) budget announcement, no general tax waiver for properties up to 500 square feet was mentioned, contrasting with the policies of the Brihanmumbai Municipal Corporation (BMC). The Bharatiya Janata Party (BJP) had included a tax waiver in its manifesto for the recent civic elections. However, the PMC has only offered a 50% discount for small properties, and this benefit applies exclusively to properties owned by women. Civic activists have deemed this announcement a betrayal of public…

Latest StoriesRegulatory

BMC Urges MMRDA & MHADA to Resolve ₹2,287 Crore Tax Dues

MUMBAI: The BMC has reached out to two major state agencies—the Mumbai Metropolitan Region Development Authority (MMRDA) and the Maharashtra Housing and Area Development Authority (Mhada)—regarding pending property tax dues exceeding Rs 2,287 crore, urging immediate payment. In correspondence dated March 16, just prior to the financial year-end, the BMC emphasized that property tax is its main source of revenue, essential for urban services and infrastructure development across Mumbai. According to BMC records from January 31, MMRDA owes Rs 1,685.6 crore across 128 properties, which includes Rs 946.2 crore in unpaid taxes and Rs 739.4 crore in penalties. Mhada, on…

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Maharashtra Launches Inquiry into ₹1,000 Crore BMC Scam

MUMBAI: Junior Urban Development Minister Madhuri Misal acknowledged in the assembly that there were irregularities in the BMC’s agreement for a housing project in Malad (E) designated for project-affected persons (PAPs). She noted that while all funds were transferred to the developer, no start date for the project was specified. Misal mentioned that she requested a report on all issued credit notes. Congress MLA Aslam Shaikh, who raised the concern, claimed that land classification was altered unlawfully, resulting in increased ready reckoner rates and elevating the project cost by Rs 618 crore. He expressed that the project might not be…