Magnetic Turquoise Cumbala Hill, Mumbai

27 Underground Parking Facilities to Combat Mumbai's Parking Crisis

Mumbai is set to develop 27 underground parking facilities, one in each administrative ward, to alleviate the severe parking shortage. This project, backed by the BMC Budget 2026-27, will create parking beneath existing gardens and playgrounds, reducing roadside parking and traffic congestion.

During Q2'2026, average property prices for Magnetic Turquoise moved from ₹ 65,750/sqft to ₹ 67,050/sqft, reflecting a 1.98% rise.

MMRC mandates approval for construction near Metro Line 3 tunnels

To protect the underground Mumbai Metro Line-3 tunnels, the Mumbai Metro Rail Corporation (MMRC) now requires all landlords and housing societies within a 50-meter influence zone to seek approval before undertaking any redevelopment, construction, or demolition activities. This measure aims to prevent any adverse impact on the tunnels and ensure the safety of the infrastructure.

Structural Works reach 60% completion. External Works has reached 100%. Internal finishing stands at 100%. MEP Services including lift and staircases, are now 100% done

TURQUOISE, developed by MAGNETIC PROPERTIES PRIVATE LIMITED, officially launched on 09-Aug-2017 and expected to complete by 30-Mar-2022. Registered under RERA No. P51900004775. The project comprises 1 towers, including RESIDENCE CUM COMM, with unit sizes ranging from 347674 to 347674 Square feet with total area of 0.42 Acre.