Live news feed — last updated 06 August 2026
Maharashtra has become the leading source of NRI-owned properties entering India's resale market, with the Mumbai Metropolitan Region (MMR) accounting for 27% of the pipeline. This trend suggests overseas Indians are cashing out investments, possibly due to stable valuations in
The indefinite strike by BEST Undertaking employees entered its second day, causing significant disruptions to public bus services across the Mumbai Metropolitan Region. Electricity distribution services, however, continued without interruption.
Reliance Industries' real estate arm, as part of a consortium, has secured the redevelopment rights for the 101-acre Juhu Lane–Gilbert Hill slum cluster in Andheri. This project, one of Mumbai's largest slum redevelopment opportunities, aims to rehabilitate over 28,000 homes.
Real estate developer Ascenta has launched a film showcasing the enhanced connectivity to emerging Mumbai 3.0 corridor. The film highlights infrastructure developments like Atal Setu, Mumbai-Pune Expressway, and Navi Mumbai Airport. These projects are expected to drive demand for second homes and long-term investments across this region
MMRDA has presented a surplus budget of ₹48,072 crore, with 87% allocated to infrastructure projects, including roads, public transport, and urban development. A notable provision of ₹4,000 crore is earmarked for the development of Mumbai 3.0 New Town, aiming for planned urban expansion.
Mumbai's residential real estate market has started the new financial year strongly, with property registrations in April 2026 reaching a 14-year high. Over 13,800 registrations were recorded, a 6% year-on-year growth. Stamp duty collections exceeded ₹1,100 crore. This surge indicates sustained end-user demand.
The BMC's FY26-27 budget includes a substantial allocation of ₹6,475 crore for water security initiatives. This funding is designated for projects such as the Manori desalination plant (₹500 crore) and the Gargai project (₹437.51 crore), aimed at augmenting the city's water supply capacity.
The Versova-Dahisar stretch of the Mumbai Coastal Road (North) project has received a significant allocation of ₹4,000 crore in the BMC's FY26-27 budget. This 25-km-long corridor aims to connect Versova in the western suburbs with Bhayander in the Mumbai Metropolitan Region.
The highly anticipated 'Missing Link' project on the Mumbai-Pune Expressway is set to be inaugurated on May 1, significantly reducing travel time by approximately 30 minutes and enhancing safety. The 10.5-km stretch features tunnels and a bridge, bypassing the accident-prone Khandala Ghat. This infrastructure upgrade is expected to ease traffic congestion, improve travel safety.
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.
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