Byculla East, Mumbai

Mumbai is set to develop 27 underground parking facilities, one in each administrative ward, to alleviate the severe parking shortage. This project, backed by the BMC Budget 2026-27, will create parking beneath existing gardens and playgrounds, reducing roadside parking and traffic congestion.

The Brihanmumbai Municipal Corporation (BMC) is preparing to take over 24 major flyovers and several key road structures from the Maharashtra State Road Development Corporation (MSRDC). This move aims to establish a single point of authority for maintenance, repairs, and pothole filling, promising faster response times.

Boman Irani, CMD of Rustomjee Group, anticipates redevelopment opportunities worth approximately ₹1.30 lakh crore in Mumbai by 2030. This surge in redevelopment is likely to lead to modernized infrastructure and improved housing stock across the city.

Prime residential prices in Mumbai have seen an 8.7% increase, leading to a shrinking of purchasable space for $1 million (₹9.4 crore). According to Knight Frank's Wealth Report 2026, $1 million now buys 96 sq m in Mumbai, down from 99 sq m a year ago.

MMRDA has made significant progress on the 7.35 km Atal Setu–Mumbai–Pune Expressway connector. With foundation and girder works advancing, the project is on track for completion by February 2027. This will enable signal-free travel and faster connectivity between Mumbai and Pune.

BMC is set to table an amnesty scheme aimed at granting occupation certificates (OCs) to thousands of housing societies that have been unable to obtain them due to deviations or additional constructions. The scheme will apply to societies built before November 17, 2016, and will allow legalisation upon payment of applicable charges, with a 50% concession on various fees for proposals submitted within the first six months.