Iris Business Park Goregaon East, Mumbai

MMRDA and UCL Partner for AI-Driven Climate Resilience in Mumbai's Infrastructure

MMRDA and University College London (UCL) have signed an MoU to explore a long-term partnership focused on climate-resilient urban systems. This collaboration will leverage artificial intelligence, digital twins, and climate-risk modelling to predict and manage infrastructure failures, aiming to enhance the resilience of roads, transport networks, and utilities against climate risks like flooding and extreme weather.

Mumbai's Water Stock at 95.97% with Seven Lakes Holding High Levels

Mumbai's water stock has reached 95.97%, with seven lakes maintaining high levels. This ensures a stable water supply for the city, though civic authorities continue to monitor reservoir levels and rainfall.

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.

Structural Works reach 59% completion. External Works has reached 80%. Internal finishing stands at 90%. MEP Services including lift and staircases, are now 82% done

A total of 9 out of 17 launched units have been booked as of May 2025, including 25% of UNIT 03(1 out of 4), 80% of UNIT 02(4 out of 5), 25% of UNIT 01(1 out of 4), 100% of UNIT 07 (1 units), UNIT 06 (1 units), UNIT 05 (1 units).

IRIS BUSINESS PARK, developed by IRIS BUSINESS PARK, officially launched on 06-Aug-2017 and expected to complete by 31-Dec-2018. Registered under RERA No. P51800003867. The project comprises 1 towers and offers 17 residential units, including UNIT 01, UNIT 02, UNIT 03, UNIT 04, UNIT 05, UNIT 06, UNIT 07, with unit sizes ranging from 323 to 21463 Square feet across a total area of 0.40 Acre.