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Mumbai Metro Line 3 Phase 2 extension to Colaba approved by MMRC board
The MMRC board has approved the southern extension of Metro Line 3 from Cuffe Parade to Colaba, covering 4 new stations and expected to benefit over 5 lakh commuters daily.
Navi Mumbai International Airport terminal construction crosses 40% completion
CIDCO confirms that the main terminal building of the Navi Mumbai International Airport has reached 40% physical progress, with first commercial flight operations expected by late 2026.
Mumbai-Pune Expressway capacity doubling project gets green clearance
The Maharashtra government has received environmental clearance to add two more lanes to the Mumbai-Pune Expressway, easing congestion and boosting Panvel and Khopoli real estate corridors.
Thane-Bhiwandi-Kalyan Metro Line 5 DPR finalised, land acquisition begins
MMRDA has finalised the Detailed Project Report for the 24.9 km Metro Line 5 corridor connecting Thane to Kalyan via Bhiwandi. Land acquisition for 28 stations has commenced.
Maharashtra government extends RERA deadline for stalled projects by 12 months
MahaRERA has announced a 12-month extension for projects that faced construction delays due to supply chain disruptions, providing relief to over 200 developers in the MMR region.
Mumbai MMR records highest-ever Q1 2025 residential sales at ₹45,000 Cr
The Mumbai Metropolitan Region saw record-breaking residential sales of ₹45,000 crore in Q1 2025, driven by mid-income segment in Thane and Navi Mumbai, according to JLL India.
Mumbai Metro Line 12 Kalyan-Taloja corridor land acquisition 70% complete
MMRDA reports that land acquisition for the 20.75 km Metro Line 12 corridor linking Kalyan to Taloja is 70% complete, with civil work expected to begin in Q3 2025.
Coastal Road North extension to Borivali receives Maharashtra cabinet approval
The Mumbai Coastal Road project's northern extension from Bandra to Borivali has received cabinet approval. The 17.2 km stretch will significantly reduce travel time for western suburbs residents.
CIDCO launches premium residential plots near Navi Mumbai airport zone
CIDCO's latest plot scheme near the Navi Mumbai International Airport zone has seen record-high bids, with prices reaching ₹12,000 per sq ft in the Ulwe sector.
Stamp duty reduction of 1% for women homebuyers extended in Maharashtra Budget
The Maharashtra government has extended the 1% stamp duty concession for women property buyers for another 3 years, boosting demand in co-ownership registrations across MMR.
Lodha Group acquires 35-acre land parcel in Thane for ₹850 Cr mixed-use project
Lodha Group has acquired a 35-acre plot near Kolshet Road in Thane from an industrial estate, planning a ₹4,500-crore mixed-use township with residential towers and retail.
Andheri-Dahisar Metro Line 7 ridership crosses 3 lakh daily — triggers Phase 2 planning
Mumbai Metro Rail Corporation reports that the Andheri-Dahisar Metro 7 corridor has crossed 3 lakh daily riders, prompting MMRDA to fast-track the Phase 2 extension to Mira-Bhayandar.
Thane-Borivali Twin Tunnels project enters boring phase, completion by 2027
The 11.8 km Thane-Borivali underground tunnel connecting Thane and Borivali has entered the boring phase. The project will cut travel time from 90 minutes to under 20 minutes.
MahaRERA mandates escrow compliance for all under-construction projects from June 2025
MahaRERA has issued a directive requiring all under-construction residential projects to maintain 70% of buyer funds in dedicated escrow accounts, effective June 1, 2025.
Godrej Properties bets big on Navi Mumbai with ₹2,000 Cr land investment
Godrej Properties has invested ₹2,000 crore in strategic land acquisitions across Panvel, Kharghar, and Ulwe to capitalise on the Navi Mumbai airport effect on residential demand.
First runway at Navi Mumbai airport to be operational by December 2026: CIDCO
CIDCO chairman confirmed that the first runway at the Navi Mumbai International Airport will be ready for operations by December 2026, with full operations across both runways by 2028.
Pune Metro Phase 2 expansion inspires MMR to seek Centre funding for Vasai-Virar link
Following Pune Metro's successful Phase 2 approval, the MMR authorities have submitted a proposal to the Centre for funding a metro link connecting Vasai-Virar to the existing Mumbai network.
Mumbai Trans Harbour Link attracts 40,000 daily users in first 3 months post-launch
The recently inaugurated Atal Setu (Mumbai Trans Harbour Link) has recorded over 40,000 daily vehicle crossings in its first 3 months, exceeding projections and spurring Navi Mumbai property prices.
RBI holds repo rate; home loan EMIs to remain stable for at least 2 more quarters
The Reserve Bank of India has held the repo rate at 6.25% in its latest MPC meeting, providing breathing room for home loan borrowers and sustaining residential demand across MMR.
Oberoi Realty reports 28% YoY revenue growth driven by Worli and Thane launches
Oberoi Realty's Q4 FY2025 results show 28% year-on-year revenue growth to ₹1,800 crore, fuelled by successful launches at Worli and its ongoing Thane township development.
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