Shraddha Tower Kandivali East, Mumbai

New Road Link Approved to Enhance Mumbai Connectivity

The Maharashtra government has approved a ₹1,722 crore road link project aimed at connecting the Versova-Bandra Sea Link with the Mumbai Coastal Road. This infrastructure development is expected to significantly improve traffic flow, reduce commuting times across the city.

During Q2'2026, average property prices for Shraddha Tower moved from ₹ 29,400/sqft to ₹ 30,100/sqft, reflecting a 2.38% 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.

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.

Mumbai Local Trains Face Cancellations for Infrastructure Upgrade

Western Railway is undertaking essential infrastructure upgrades between Kandivali and Borivali from December 21, 2025, to January 18, 2026, leading to the daily cancellation of over 80 local trains. This includes work on tracks and crossovers, impacting suburban, passenger, and express train services. Nightly mega blocks are also in effect, causing further service disruptions.

During Q4'2025, average property prices for Shraddha Tower moved from ₹ 29,250/sqft to ₹ 30,150/sqft, reflecting a 3.08% rise.