Tag: Navi Mumbai

Latest StoriesRegulatory

Navi Mumbai Civic Body Gathers ₹650 Crore in Property Tax FY26

THANE: The Navi Mumbai Municipal Corporation (NMMC) has reported property tax collections of ₹650 crore so far in this financial year, with a notable increase in digital payments, officials announced on Wednesday. A total of 1,82,894 taxpayers have settled their property tax, with 62% (₹383 crore) paid through digital methods. The remaining 38% (₹267 crore) was paid offline, according to a statement from the civic authority. The release emphasized, “With the introduction of safe and transparent online payment options, more citizens are choosing to pay their taxes from home.” The NMMC has intensified measures against defaulters who have not cleared…

InfrastructureLatest Stories

Activists to Protest Illegal Buildings at Belapur Hills, Feb 22

NAVI MUMBAI: Environmental organizations such as Save Belapur Hills Forum and NatConnect Foundation are urging for the immediate implementation of no-development regulations on the landslide-sensitive Belapur Hills. Activists plan to hold a ‘Human Chain’ awareness campaign at Mahakali Chowk near the CBD-Belapur bus depot on February 22. Their concerns arise from billboards in Belapur announcing a foundation day event, which is associated with a trust listed as an encroacher according to Cidco’s legal records. In an open letter, they highlighted Cidco’s prior attempt to commence demolition in July 2024 during the monsoon season, which they labeled as “cosmetic.” The efforts…

CommercialLatest Stories

Turner International Leases 46,000 Sq Ft at WeWork Navi Mumbai

NEW DELHI: Turner International India has secured 46,000 sq ft of managed office space at WeWork Gigaplex Airoli, Navi Mumbai, from WeWork India Management. The center is set to accommodate over 650 professionals. Santosh Martin, Chief Revenue Officer, commented, “The evolution from a 16-seat setup in 2022 to over 650 seats today highlights the increasing demand for customized, scalable workspace solutions that blend efficiency with identity.” “In just two years, we’ve expanded our managed office business to 26,000 desks across 1.7 million sq ft, now representing 21% of total revenue, with an annual run rate exceeding ₹530 crore and a…

InfrastructureLatest Stories

Navi Mumbai’s Development Projects Stalled by Land Acquisition Uncertainty

Representative AI image NAVI MUMBAI: The transfer of responsibility from PCMC to Cidco has halted numerous building development projects in rural areas due to uncertainties surrounding land acquisition on privately owned land. The PCMC is requesting clarity from builders, developers, and landowners by needing Cidco’s No Objection Certificate (NOC) to proceed with building plans. However, Cidco has purportedly provided ambiguous responses, claiming that the New Town Development Authority (NTDA) cannot issue NOC for developments on private lands, a stance that PCMC does not accept. Neither PCMC nor Cidco has granted the necessary permissions for developers to begin their proposed projects.…

CommercialLatest Stories

HERE Solutions Leases 210,000 Sq Ft in Airoli, Navi Mumbai

Representative Image HERE Technologies’ India division has secured over 2.1 lakh sq ft of office space in Mindspace Airoli West (Gigaplex) through a long-term lease exceeding 10 years. The lease agreement was made with Gigaplex Estate Pvt Ltd, the owner of the Mindspace Airoli West (Gigaplex) complex. The office space spans three floors (4th, 8th, and 9th) and commenced on December 20. The total leased carpet area is 145,983 sq ft, while the chargeable area amounts to 208,547 sq ft. Monthly rent is set at Rs 71 per sq ft on the chargeable area, according to realty data analytics platform…

InfrastructureLatest Stories

Maharashtra Cabinet Approves Metro Linking Mumbai, Navi Mumbai Airports

MUMBAI: The Maharashtra Cabinet Infrastructure Committee has approved a 35-km Metro project aimed at linking the Mumbai and Navi Mumbai international airports with a budget exceeding Rs 22,000 crore. The corridor will feature 20 stations: 6 underground and 14 elevated. The land acquisition for the project will cover 30.7 hectares and is estimated to cost Rs 388 crore, as per a statement from the Chief Minister’s Office. The committee, a high-level ministerial group, has sanctioned the Metro Line 8 project, projected to cost Rs 22,862 crore. Chief Minister Devendra Fadnavis has instructed that all land acquisition and necessary approvals for…

IndustryLatest Stories

RMZ Plans $30 Billion Investment in Mumbai Region Over 10 Years

NEW DELHI: RMZ has announced an investment collaboration with the Mumbai Metropolitan Region Development Authority (MMRDA) and the City & Industrial Development Corporation of Maharashtra (CIDCO) at the World Economic Forum (WEF) in Davos. The company aims to mobilize investments totaling up to USD 30 billion in the Mumbai Metropolitan Region (MMR) over the next decade, potentially creating around three lakh direct and indirect jobs throughout the project lifecycle. RMZ will lead the investment structuring and capital mobilization efforts, along with master planning, development, and long-term asset management. MMRDA will assist in land identification and aggregation. Additionally, the company plans…

IndustryLatest Stories

ASK Property Fund Invests ₹210 Cr in Gami Group’s Navi Mumbai Projects

NEW DELHI: ASK Property Fund, part of ASK Asset & Wealth Management Group, has invested ₹210 crore in Gami Group’s developments in CBD Belapur and Ghansoli, Navi Mumbai. Bhavin Jain, CIO of ASK Property Fund, commented, “This investment marks ASK’s initial entry into the Navi Mumbai market, which has seen substantial momentum due to significant infrastructure enhancements.” The project located in CBD Belapur covers two acres and will feature 2-BHK and 3-BHK units. Recently, the company invested ₹340 crore in three residential projects from Mantra Group, located in JVLR, Mumbai, and two sites in Pune—Wakad and Mundhwa. Published On Jan…

InfrastructureLatest Stories

Navi Mumbai: 19 Construction Sites Halted for Pollution Violations

THANE: The Navi Mumbai Municipal Corporation (NMMC) has ordered 19 construction sites to halt operations and issued penalty notices to 173 developers for purportedly breaching pollution control regulations, officials report. As per the civic body’s announcement on Wednesday, NMMC has implemented “GRAP-4 measures,” resulting in the suspension of construction activities at 19 sites where the Air Quality Index surpassed 200. For enforcement, teams consisting of civil engineers, sanitation officers, and town planning officials have been formed. In addition to the stop-work mandates, 10 show-cause notices and penalty notices have been dispatched to 173 developers. Published On Jan 8, 2026 at…

CommercialLatest Stories

Wipro Leases 145,000 Sq Ft Office in Navi Mumbai’s Mindspace

Representative Image Information technology services leader Wipro has secured a significant office space of 1.45 lakh sq ft at an IT park in Navi Mumbai via a long-term lease. This move highlights the ongoing demand for efficient Grade A offices in suburban business districts. The space is leased at Mindspace Airoli East from Mindspace Business Parks, with a lease agreement registered on December 29 for a total duration of 60 months. The agreement sets a starting monthly rent of approximately Rs 97.25 lakh, equating to around Rs 67 per sq ft. A security deposit of around Rs 5.83 crore was…