Darshan Phoenix Tower Kandivali East, Mumbai

MMRDA to Complete Major Infrastructure Projects by December 2028

MMRDA is on track to complete all its ongoing infrastructure projects by December 2028, a year ahead of its original deadline. These projects, part of the 'Mumbai in 59 Minutes' vision, include roads, tunnels, sea links, and metro corridors aimed at creating seamless east-west and north-south connectivity across the region.

During Q3'2026, average property prices for Darshan Phoenix Tower moved from ₹ 25,150/sqft to ₹ 28,050/sqft, reflecting a 11.53% rise.

MMRDA Presents Surplus Budget with Significant Allocation for Infrastructure

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.

BMC Budget Includes ₹6,475 Crore for Water Security Projects

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.

Mumbai-Pune Expressway 'Missing Link' Project Set for May 1 Inauguration, Promising Safer and Faster Travel

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.

During Q1'2026, average property prices for Darshan Phoenix Tower moved from ₹ 22,300/sqft to ₹ 25,200/sqft, reflecting a 13.00% rise.

A total of 283 out of 531 launched units have been booked as of December 2025, including 56% of 1 BHK(135 out of 242 units), 49% of 2 BHK(135 out of 276 units), 100% of SHOP(13 units).

A total of 283 out of 531 launched units have been booked as of November 2023, including 56% of 1 BHK(135 out of 242 units), 49% of 2 BHK(135 out of 276 units), 100% of SHOP(13 units).

A total of 185 out of 531 launched units have been booked as of September 2023, including 35% of 1 BHK(85 out of 242 units), 32% of 2 BHK(87 out of 276 units), 100% of SHOP(13 units).

Structural Works reach 85% completion.