Parsn Bhagyalakshmi Chembur, 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 4 residential transactions has been registered so far for Parsn Bhagyalakshmi, amounting to ₹ 7 Cr till October 2026.

BMC Plans Wider Footpaths on 30 Eastern Suburban Roads

The Brihanmumbai Municipal Corporation (BMC) announced plans to redesign footpaths and road peripheries on 30 roads in the eastern suburbs. This initiative aims to significantly improve walkability for residents, following successful encroachment removal.

During Q2'2026, average property prices for Parsn Bhagyalakshmi moved from ₹ 26,650/sqft to ₹ 36,900/sqft, reflecting a 38.46% rise.

During Q1'2026, average property prices for Parsn Bhagyalakshmi moved from ₹ 25,550/sqft to ₹ 26,650/sqft, reflecting a 4.31% rise.

A total of 23 out of 32 launched units have been booked as of February 2026, including 72% of 2 BHK(23 out of 32 units).

Structural Works reach 71% completion, Internal finishing stands at 6%, MEP Services including lift and staircases, are now 28% done.

A total of 23 out of 32 launched units have been booked as of January 2025, including 72% of 2 BHK(23 out of 32 units).

Structural Works reach 69% completion.

A total of 21 out of 32 launched units have been booked as of October 2024, including 66% of 2 BHK(21 out of 32 units).