Tag: Mumbai

InfrastructureLatest Stories

Navi Mumbai Airport Opening Set for October 8

MUMBAI: The Navi Mumbai International Airport is set to open on October 8, as announced by Adani Group Chairman Gautam Adani on Wednesday. The airport recently received its aerodrome license from the Directorate General of Civil Aviation (DGCA) on Tuesday and is being developed in multiple phases by Navi Mumbai International Airport Ltd. The Adani Group holds a 74% stake, while the Maharashtra government’s CIDCO has the remaining 26%. “In preparation for the opening of Navi Mumbai International Airport on October 8, I had the honor of meeting with our diverse team, including construction workers, women staff, engineers, artisans, firefighters,…

IndustryLatest Stories

Runwal Realty Files DRHP for ₹2,000-Crore IPO

Real estate developer Runwal Realty is aiming to raise up to ₹2,000 crore through an Initial Public Offer (IPO) of its equity shares and has submitted its draft red herring prospectus for this venture. The capital raise will include a fresh issue up to ₹1,700 crore and an offer for sale of up to ₹300 crore. The Mumbai-based company might also pursue a pre-IPO placement totaling up to ₹340 crore, which, if executed, will be capped at 20% of the fresh issue size, as stated in the draft prospectus filed on Wednesday. Runwal Realty plans to use the proceeds from…

Latest StoriesResidential

Pankaj Tripathi Buys Two Mumbai Apartments for ₹10.85 Crore

NEW DELHI: Actor Pankaj Tripathi, along with his wife Mridula and daughter Aashi, have acquired two apartments in Mumbai worth a total of ₹10.85 crore. The first unit, bought by Pankaj and Aashi for ₹9.98 crore, is situated in the Seabliss Building in Andheri West. This information comes from property registration documents reviewed by Square Yards. It boasts a RERA carpet area of 188.22 square meters (2,026 sq ft) and a total area of 220.36 square meters (2,372 sq ft), including three designated parking spaces. A stamp duty of ₹59.89 lakh and a registration fee of ₹30,000 were attached to…

Latest StoriesResidential

Tenant registrations can now be cleared at any district sub-registrar.

PUNE: The state property registration department has implemented a measure to expedite online leave and license registrations, allowing tenant agreements to be processed at any sub-registrar office within a district instead of being confined to specific taluka offices. The change, part of the One District, One Registration initiative, will take effect on October 2, as announced by officials on Monday. “This will facilitate faster clearance of tenant registration documents, reducing pendency across the state,” said a senior official following a departmental review. Previously, residents had to rely on their designated local sub-registrar office, leading to a disparity in workloads—some offices…

IndustryLatest Stories

Maharashtra Launches Authority to Fast-Track Self-Redevelopment

MUMBAI: On Monday, the state government designated a new authority, led by BJP MLC Pravin Darekar, to expedite self-redevelopment projects. As the chairman of the newly established Self-Group Redevelopment Authority (SGRA), Darekar will hold the status of a Minister of State. He is known to have close ties with CM Devendra Fadnavis and also oversees the Mumbai District Cooperative Bank. The SGRA aims to facilitate the redevelopment of old structures, while Mhada, the state housing authority, will serve as the coordinating agency for these projects. Under self-redevelopment, housing societies manage the redevelopment themselves by hiring a project management consultant, architect,…

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…

Latest StoriesRegulatory

Ex-Lodha Developers Director in 14-Day Fraud Custody

MUMBAI: On Monday, a court here placed former Lodha Developers director, Rajendra Lodha, under 14-day judicial custody following his arrest in an alleged fraud case, denying the police requests for additional remand. Lodha appeared before Additional Chief Metropolitan Magistrate V R Patil at the conclusion of his previous remand period. The police sought an extension of his custody, citing ongoing verification of documents related to Lodha’s financial sources gathered during their investigation. The law enforcement agency highlighted that a forensic audit is being conducted, necessitating further interrogation of the accused based on findings from this audit. The crime branch apprehended…

Latest StoriesRegulatory

Bombay HC Orders Action on Illegal Slum Tenement Deprivation

MUMBAI: The Bombay High Court recently took significant action to support eligible slum residents wrongfully denied their rehabilitation tenements. The court has instructed the principal secretary of the State Urban Development Department to formulate a system, in collaboration with the CEO of the Slum Redevelopment Authority (SRA), to identify illegal occupants within various schemes. A two-judge bench, consisting of Justices Girish Kulkarni and Aarati Sathe, emphasized that adherence to the court’s directives would provide justice to those rightfully entitled to tenements but currently deprived, not only due to illegal actions by builders but also because of SRA officials who operate…

InfrastructureLatest Stories

Maharashtra to Issue 98-Year Lease Tenders for ST Bus Depots

NEW DELHI: Pratap Sarnaik, Maharashtra’s Minister of Transport, announced that the state government will open tenders for the long-term lease development of bus depots, extending the lease duration to 98 years from the previous 30 years. Sarnaik noted that the Maharashtra State Road Transport Corporation (MSRTC) possesses over 13,000 acres of land in areas such as Kurla and Borivali, among other towns in the state. “To facilitate the development of these lands and bus depots, the government has decided to offer a 98-year long-term lease. These ST Bus Depots will be transformed into Bus Ports, similar to those developed in…

Latest StoriesRegulatory

Mumbai SIT Arrests 11th Suspect in Land Forgery Case

MUMBAI: The Special Investigation Team (SIT) of Mumbai’s crime branch is investigating a land scam involving extensive tampering with property records to convert Coastal Regulation Zone (CRZ) and No Development Zone (NDZ) lands into developable plots along the coastline. Mohammed Vasi Akhtar Shaikh (38) has been arrested as the 11th accused, accused of manipulating city survey maps and bribing government officials. Shaikh allegedly received payments from landowners seeking to lift the NDZ designation from their properties to facilitate illegal construction. Investigations revealed that he bribed officials from the BMC’s P-North ward. In one instance, he allegedly paid Rs 6 lakh…