Laxmi Business Park Oshiwara, 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.

A total of 3 residential transactions has been registered so far for Laxmi Business Park, amounting to ₹ 6 Cr till October 2026.

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.

Versova's Planned Fire Station Land Under Review by BMC

A plot in Versova reserved for a fire station and municipal chowky under Mumbai's DP 2034 is under review for modification, potentially losing its reservation. This raises concerns about emergency response times in Versova, Lokhandwala, and Oshiwara, which currently rely on distant fire stations. The modification could impact public safety and emergency preparedness.

During Q2'2026, average property prices for Laxmi Business Park moved from ₹ 49,800/sqft to ₹ 51,950/sqft, reflecting a 4.32% 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.

A total of 18 out of 216 launched units have been booked as of April 2026.

During Q1'2026, average property prices for Laxmi Business Park moved from ₹ 45,400/sqft to ₹ 49,800/sqft, reflecting a 9.69% rise.