Bansidhar Building Wadala, Mumbai

Mumbai's Seven Lakes Reach Nearly 50% Capacity, Easing Water Crisis Concerns

Heavy rainfall has increased water storage in Mumbai's seven lakes to 7.03 lakh ML, which is 48.59% of their capacity. This has eased fears of a water shortage, though a decision on withdrawing water cuts will depend on future lake levels.

Mumbai Monorail Services to Resume After Nine-Month Hiatus

Mumbai's monorail services are set to resume soon after a nine-month suspension, following approval from the Maharashtra government for safety improvements and fare revisions. MMRDA has proposed increased ticket prices. The monorail, which previously carried around 18,000 passengers daily, will offer improved services after safety upgrades.

Preparatory Work Begins for Mumbai Metro Line 11 Extension

The Mumbai Metro Rail Corporation (MMRC) has initiated groundwork for the underground extension of Metro Line 11, which will connect Wadala to Bandra Terminus via Dharavi. This extension will form part of the broader Metro 11 corridor, which links Wadala to the Gateway of India via Nagpada and Crawford Market.

During Q1'2026, average property prices for Bansidhar Building moved from ₹ 29,400/sqft to ₹ 32,250/sqft, reflecting a 9.69% rise.

During Q4'2025, average property prices for Bansidhar Building moved from ₹ 28,800/sqft to ₹ 29,400/sqft, reflecting a 2.08% rise.

The Mumbai Metropolitan Region Development Authority (MMRDA) has announced the temporary suspension of monorail services starting September 20, 2025, until further notice to facilitate comprehensive system upgrades. The suspension will allow for the integration of new rolling stock, commissioning of an advanced Communication Based Train Control (CBTC) signaling system, and refurbishment of the existing fleet to ensure long-term reliability. This decision follows several recent technical failures that raised safety concerns. The upgrade of the monorail network could take two months.