Mehr Naz Colaba, Mumbai

MMRDA Plans Two New Ring Roads to Ease Mumbai Traffic

The Mumbai Metropolitan Region Development Authority (MMRDA) is planning two additional ring routes, expanding its proposed network from seven to nine. These new corridors will cover approximately 307 km and will connect existing roads and planned projects across Mumbai, Thane, and Navi Mumbai.

A total of 6 residential transactions has been registered so far for Mehr Naz, amounting to ₹ 38 Cr till August 2026.

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.

Rent in Mehr Naz ranges from ₹ 2 L to ₹ 2 L with options available for 2 BHK.

During Q2'2026, average property prices for Mehr Naz moved from ₹ 47,700/sqft to ₹ 50,550/sqft, reflecting a 5.97% rise.

Mumbai's Water Metro Project Phase 1 to Connect Key Regions with 16 Routes and 26 Terminals

Mumbai is set to launch its Water Metro project, with Phase 1 planning 16 routes and 26 terminals to connect Mumbai with Navi Mumbai, Thane, Vasai, and other areas. Utilizing electric ferries, the project aims to significantly reduce travel time by up to 50% on certain routes, ease traffic congestion on roads and local trains, and provide an eco-friendly transportation alternative.

Prime Minister Narendra Modi inaugurated Phase 2B of Mumbai Metro Line-3, completing the entire Aqua Line. This 33.5 km underground line with 27 stations connects Colaba to SEEPZ and is expected to cater to 13 lakh passengers daily. The project provides seamless connectivity to heritage sites and financial hubs, integrating with other transport modes and aiming to significantly reduce travel times across the city.