In a significant push to ease traffic on Ghodbunder Road, a notorious bottleneck for motorists traveling from Mumbai, Thane, and beyond toward Nashik, Gujarat, and Konkan, the Mumbai Metropolitan Region Development Authority (MMRDA) has accelerated the development of alternative routes.

Pfizer sold Vidhi Research & Development LLP its rights to a 54-acre land block and its facility in the Trans Thane Creek industrial Area (TTCIA) in Mumbai for over INR 207 crore, including differential premium to the Maharashtra Industrial Development Corporation (MIDC).