MMRDA strengthens ties with South Korea to accelerate Mumbai 3.0 - ushering in a new era of smart housing, green mobility, and AI-driven urban development through global collaboration.

MMRDA is set to redefine Marine Drive with a proposed six-lane coastal road and twin tunnel project - aimed at easing congestion, boosting connectivity, and reshaping South Mumbai’s real estate future.

Aaradhya Avaan by MICL Group is redefining luxury living in South Mumbai, offering spacious 3, 4 & 5 BHK residences with stunning views of the Arabian Sea and the city skyline, world-class amenities, and a prestigious Tardeo address.

MHADA is set to redevelop 13,000 aging cessed buildings in South Mumbai, starting with a structural audit of 1,000 properties by March. This initiative aligns with Maharashtra’s 100-day action plan, aiming to ensure safety and improve living conditions.

Vibha Shanghvi, from Sun Pharma’s promoter group, has purchased two sea-facing luxury apartments in Worli’s Naman Xana for ₹130 crore, highlighting Mumbai’s booming luxury real estate market.

Luxury real estate in Worli, South Mumbai, shines again as Metro Brands promoters Zia Malik Lalji and Alisha Rafiq Malik secure two sea-view apartments in India’s tallest tower for ₹162 crore, highlighting soaring demand for ultra-luxury homes.

Morningstar, a leading American financial firm, has leased 300,000 sq ft at Vishwaroop IT Park, Vashi, for ₹38 crore annually with a 5% yearly hike. The 10-year deal, totaling ₹450 crore, highlights Navi Mumbai's rise as a commercial and IT hub, driven by its strong infrastructure and connectivity.

K Raheja Corp has added the iconic Bayside Mall to its portfolio. Located in South Mumbai's plush Tardeo locality, the mall spans over one-third of an acre and boasts a built-up area of 17,345 sq ft.

The iconic American Center, a ground-plus-seven-storey structure in South Mumbai, has been acquired by HoABL Infraworld Pvt Ltd, led by Abhinandan Lodha, for ₹56 crore. Spanning 1,337 square meters with a development potential of 60,000 square feet, this deal is a milestone in Mumbai real estate.

As the last span of the northbound Mumbai Coastal Road is installed, it will connect smoothly to the Bandra-Worli Sea Link (BWSL). The 44-meter bridge span arrived in Worli on Monday from Karanja Port in Navi Mumbai, ready for deployment on Tuesday with a backup on Wednesday.

Runwal Realty, a prominent real estate developer, acquired a 4-acre land parcel in Mumbai's Worli neighbourhood for ₹800 crore, including taxes and government levies. The developer plans to build a 1 million square foot luxury residential development, generating ₹8,000 crore in revenue.

As Mumbai's real estate market continues to rise, Greater Mumbai property registrations rose 12% in 2024 to over 1.5 lakh in the first nine months. This 12% YoY rise in registrations has brought Rs 8,892 crore to the state exchequer.

Five ring roads are being built as part of a megacity inter-linking project to improve traffic flow and connectivity. The proposed Orange Gate tunnel will link the Freeway and Coastal Road at Marine Drive on the southernmost ring road. Mumbai will connect to Thane, Palghar, and Alibaug.

News reports say the Municipal Corporation of Greater Mumbai (MCGM) has stopped construction at Piramal Realty subsidiary Glider Buildcon Realtors. The notice halts high-rise residential tower building near the Rani Baug Zoo in Byculla, South Mumbai.

The BMC expects one arm of the Mumbai Coastal Road arch bridge, connecting to the BWSL, to open tentatively on September 15, 2024. Civic sources anticipate the south-bound roadway to handle northbound Marine Drive-Bandra traffic when it opens.