Nicco Residency Jogeshwari East, Mumbai

BMC to Take Over 24 Major Flyovers and Road Structures from MSRDC for Faster Repairs

The Brihanmumbai Municipal Corporation (BMC) is preparing to take over 24 major flyovers and several key road structures from the Maharashtra State Road Development Corporation (MSRDC). This move aims to establish a single point of authority for maintenance, repairs, and pothole filling, promising faster response times.

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.

Goregaon-Mulund Link Road Project Receives ₹2,650 Crore in BMC Budget

The Goregaon-Mulund Link Road project has been allocated ₹2,650 crore in the BMC's FY26-27 budget. This crucial east-west connectivity project, which involves the construction of a 4.7 km twin-tube tunnel under the Sanjay Gandhi National Park, aims to ease traffic congestion on the Ghodbunder Road.

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 Nicco Residency moved from ₹ 22,950/sqft to ₹ 30,900/sqft, reflecting a 34.64% rise.

A total of 68 out of 276 launched units have been booked as of February 2026, including 68% of SHOP(13 out of 19 units), 5% of 4 BHK(1 out of 21 units), 28% of 3 BHK(18 out of 65 units), 22% of 2 BHK(36 out of 165 units).

Structural Works reach 56% completion, External Works has reached 15%, Internal finishing stands at 30%, MEP Services including lift and staircases, are now 30% done.

A total of 82 out of 251 launched units have been booked as of May 2025, including 72% of SHOP(13 out of 18 units), 5% of 4 BHK(1 out of 19 units), 43% of 3 BHK(25 out of 58 units), 29% of 2 BHK(43 out of 150 units).

Structural Works reach 38% completion, Internal finishing stands at 25%, MEP Services including lift and staircases, are now 19% done.