Page 5 - Mumbai

Mahindra Lifespaces to redevelop Chembur societies worth ₹1,700 crore

Mahindra Lifespaces to redevelop two housing societies in Chembur with Rs 1,700 crore potential, strengthening its Mumbai redevelopment pipeline

IMD issues yellow alert in Mumbai as it battles heavy rain, traffic snarls

Mumbai faced torrential downpours, causing water-logging, traffic delays, and school closures while thunderstorms and strong winds persist in the city and suburbs

17 rescued after Monorail stops on tracks in Mumbai due to technical issue

A monorail train came to an abrupt halt on tracks due to a "technical fault" in Mumbai on Monday morning, following which 17 passengers onboard were rescued, officials said. The incident took place between the Antop Hill Bus Depot and GTBN monorail station in Wadala, they said. The incident was reported at 7.16 am due to some "technical fault," a civic official said as per the information received from the Mumbai police control room. The stranded passengers were rescued after about 45 minutes. All the passengers were safe and shifted to another monorail train, the official said. The Maha Mumbai Metro Operation Corporation Limited (MMMOCL ), which is responsible for the operation of the monorail, could not be reached for comments. Last month, during heavy rains, two monorail trains got stuck at different locations in the city, leading to the rescue of hundreds of passengers from them.

Mumbai on yellow alert as heavy rain causes waterlogging, traffic snarls

Heavy showers disrupt traffic and rail services in Mumbai, while Raigad and Thane remain under red alert; IMD forecasts continued rain in Maharashtra this week

RBI buys 4.16-acres in Nariman Point from Mumbai Metro for Rs 3,472 cr

Central bank has purchased the parcel for self-use and commercial purposes, according to documents

Western suburbs lead Mumbai's Rs 1.31 trn redevelopment boom: Knight Frank

Knight Frank India says society redevelopment projects across Mumbai will unlock 44,277 new homes by 2030, with western suburbs accounting for nearly three-quarters of supply

Redevelopment rush in Mumbai: Extra carpet area is the new dealmaker

For tenants, this translates into the promise of spacious, modern apartments replacing crumbling old buildings

Bollywood actor Tiger Shroff sells apartment for ₹15.6 crore in Mumbai

The property in Rustomjee Paramount offers excellent connectivity to Vithalbhai Patel Road, Swami Vivekanand Road, and the Western Express Highway, offering residents a convenient commute

Mumbai bids grand farewell to Ganpati; 21K idols immersed against all odds

Rains and a bomb threat failed to dampen the spirit of devotees of Lord Ganesh in Mumbai as they gathered in large numbers to bid adieu to their beloved deity amid the beating of 'dhol-tasha' and clouds of 'gulal' rising in the air as the 10-day Ganpati festival drew to a close on Saturday. Till 3 pm, more than 2,100 Ganpati idols were immersed in various water bodies in Mumbai, officials said. Scores of people were seen sitting on road dividers, terraces of buildings, balconies, trees, and poles to catch a glimpse of the grand finale as the idols made their way to the city's beaches and other water bodies amid chants of 'Ganpati Bappa Morya, pudhachya varshi lavkar ya' - a fervent wish for the god's early return next year. Earlier in the day, 'rangolis' were drawn on roads, even as parts of the city witnessed light to moderate showers since morning. According to the Brihanmumbai Municipal Corporation (BMC), 2,198 Ganapati idols, including 59 of 'Sarvajanik mandals' (local communit

Mumbai hoax threat: Police arrest Noida man for '400 kg RDX' message

Mumbai Police arrested a Noida resident for sending hoax bomb threats of 400 kg RDX in 34 vehicles; security has been heightened ahead of Ganesh visarjan processions

'34 human bombs, 400 kg RDX': Mumbai Police on alert after terror threat

Mumbai Police are on high alert after a threat call claimed 34 human bombs with 400 kg RDX were planted in vehicles; security has been increased across the city

Arkade Developers to buy 3.54-acre Bhandup West land for ₹148 crore

Arkade Developers has signed an MoU to acquire Woollen and Textile Industries Ltd, giving it ownership of a 3.54-acre land parcel in Bhandup West for Rs 148 crore

Arkade Developers buys 14,364 sq metre land in Mumbai for ₹148 crore

Realty firm Arkade Developers Ltd on Wednesday said it has bought 14,364 sq metre land in the Mumbai Metropolitan Region (MMR) for Rs 148 crore. In a regulatory filing, the company informed that it has entered into an MoU (memorandum of understanding) to acquire 100 per cent shareholding in Woollen and Textile Industries Ltd. "The proposed acquisition includes a land parcel admeasuring 14,363.60 sq metres located in Bhandup (West). The total consideration for the deal is Rs 148 crore," Arkade Developers said. The company has completed 31 projects comprising 5 million square feet of area so far. It is constructing another 2 million sq ft area. Mumbai-based Arkade Developers is one of the leading real estate firms in the country.

Shilpa Shetty's restaurant Bastian Bandra to close amid ₹60 cr fraud case

Shilpa Shetty's popular Bandra restaurant Bastian will close on September 4; the move comes as she and her husband Raj Kundra face allegations in a ₹60 crore fraud case

India's top cities hold 106 mn sq ft TOD real estate potential: CBRE

CBRE estimates 106 million sq ft TOD-linked real estate potential in India's top cities, with Delhi-NCR, Mumbai, and Chennai leading growth around major transit hubs

Maratha reservation: Jarange Patil's fast hits Mumbai's nerve centre

Maratha quota activist Manoj Jarange-Patil's hunger strike at Azad Maidan has disrupted South Mumbai, impacting offices, financial institutions, luxury retail and traffic movement

Mumbai property registrations dip 3% in August, stamp duty down 6%

Mumbai registered 11,230 properties in August 2025, down 3% year-on-year, with stamp duty falling 6% as residential demand dominated and luxury housing gained traction

Excel Infra to invest ₹252 cr in luxury housing project in Mumbai

Realty firm Excel Infra Construction on Monday said it will invest Rs 250 crore to develop a housing project in Mumbai. In a statement, the company said it has launched a luxury residential project at Bandra Reclamation with an investment of Rs 252 crore. The funding will be through a mix of equity and Alternative Investment Fund (ATF) structured as non-convertible debentures. The company expects revenue of Rs 400 crore from this project, comprising a 33-storey residential tower comprising 96 units. The apartments in the project named 'Bellissima' are being sold at Rs 51,500 per square feet. "With a well-structured investment and the adoption of advanced construction technology, we are confident of delivering a project much ahead of the scheduled date of delivery," said Virendra Vora, Promoter and Managing Partner, Excel Infra Construction. Excel Infra has developed more than 20 projects across Mumbai.

SC clears way for construction of new passenger jetty at Gateway of India

The construction of a new passenger jetty and terminal at the iconic Gateway of India in south Mumbai would continue as the Supreme Court on Monday dismissed a plea against the Bombay High Court verdict allowing the project. The high court on July 15 had dismissed three petitions challenging the construction of the Rs 229 crore passenger jetty and terminal facility proposed by the Maharashtra Maritime Board (MMB) near the Gateway of India. A bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran dismissed the appeal filed by one Laura D Souza against the high court verdict, saying the issue fell under the policy domain of the government. The project in the sea, approximately measuring 1.5 acres, will be nearly 280 metres from the Gateway of India, located near the Radio Club in south Mumbai. According to the plea, the project plan involves parking of 150 cars, VIP lounges/waiting areas, amphitheatre and ticket counters/administrative areas along with a huge tennis ..

Maratha protest disrupts south Mumbai trade, traders urge govt action

Traders have raised concerns over the ongoing Maratha agitation and sought intervention by the government or the High Court to restore normalcy and protect businesses in south Mumbai from long-term damage. Federation of Retail Traders Welfare Association ( FRTWA) president Viren Shah said the massive gathering at Azad Maidan has thrown south Mumbai into complete chaos and affected weekend sales across shops and markets. "Mumbai feels hijacked," he said. Shah said uncontrollable traffic and swelling crowds have paralysed the city, severely affecting daily life and business. "This deadlock cannot continue. It urgently requires talks by the government or intervention by the High Court to restore normalcy. Otherwise, the long-term damage to south Mumbai's business and livelihood will be devastating," he said. Weekend sales across shops and markets have dropped to negligible levels, leaving traders and business owners helpless. Business meetings are being postponed, offices are disrupt