New Laxmi Bhavan Santacruz West, Mumbai

Mumbai Coastal Road Project Progresses with Sea Link Connection Nearing Completion

The Mumbai Coastal Road project is advancing, with its sea link connection expected to be completed soon. The promenade and parking facilities are slated to open next year. This project aims to significantly improve connectivity between South and Western Mumbai, reducing travel time and enhancing the city's infrastructure.

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.

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.

During Q3'2026, average property prices for New Laxmi Bhavan moved from ₹ 45,600/sqft to ₹ 47,800/sqft, reflecting a 4.82% 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 New Laxmi Bhavan moved from ₹ 44,100/sqft to ₹ 45,650/sqft, reflecting a 3.51% rise.