Mumbai Harbour, Mumbai

CM Devendra Fadnavis inaugurated Phase 2 of the Santacruz-Chembur Link Road (SCLR) & the Chembur Metro Station under Metro Line 2B,The SCLR Phase 2 is expected to strengthen the road network between Mumbai's western and eastern suburbs, improving east-west connectivity.

The Pradhan Mantri Awas Yojana-Urban (PMAY-U) and PMAY-U 2.0 have collectively sanctioned over 1.25 crore houses, with more than 1 crore completed and delivered to beneficiaries nationwide. The scheme has a significant share of women beneficiaries, with 1 crore houses allotted to women as sole or joint owners.

Mumbai Railway Vikas Corporation (MRVC) has made significant progress on suburban rail projects. The Panvel-Karjat New Suburban Corridor is nearing completion, The Virar-Dahanu Road Quadrupling Project is progressing fast. Signalling and telecommunication works have been commissioned at Kelve Road station.

Mumbai's real estate market has seen a significant surge in property registrations, reaching the highest in 14 years in July 2026 at 13617 units. Luxury housing sales, particularly for homes priced above ₹10 crore, generated a record ₹18,512 crore in the first half of 2026.

The Ministry of Housing and Urban Affairs has advised State RERAs to grant a four-month extension to eligible real estate projects facing delays due to global supply chain disruptions, citing the West Asia situation as a Force Majeure event. The extension applies to projects with completion dates on or after February 28, 2026..

Realty firm Prestige Estates Projects plans to invest approximately ₹15,000 crore in the current fiscal year for the construction of residential and commercial projects across South India, the Mumbai Metropolitan Region, and Delhi-NCR. This significant investment is aimed at scaling up construction activities and ensuring timely project execution.

Sumit group has launched a residential project 'SUMIT KMR PARAM' in Borivali West, Mumbai. Construction activities to commence soon , indicating progress in the development of modern residential units with quality infrastructure for the 1.94 acre Project.

Ten X Realty South Limited has entered into a joint development agreement with Shanti Om Residency Private Limited for a significant slum rehabilitation project in Parel-Kalachowki, Mumbai. The deal, valued at ₹529.98 crore, will see Ten X Realty hold a 55% share in the development rights.

An amendment to the Maharashtra Housing Act is set to accelerate the redevelopment of approximately 13,000 dilapidated buildings across Mumbai. This legislative change aims to address structural integrity and safety concerns, facilitating safer housing for residents.