Live news feed — last updated 22 June 2026
The indefinite strike by BEST Undertaking employees entered its second day, causing significant disruptions to public bus services across the Mumbai Metropolitan Region. Electricity distribution services, however, continued without interruption.
MMRDA has presented a surplus budget with a substantial allocation towards infrastructure projects, including roads, public transport, and urban development. A significant portion is earmarked for the development of Mumbai 3.0 New Town, aiming to accelerate infrastructure delivery, enhance connectivity, and improve urban services across the region.
Mumbai's developers have paid a record ₹11,626 crore in premiums and development charges to BMC in the fiscal year 2025-26. This substantial contribution, driven by large-scale construction and redevelopment activities, highlights the robust state of the real estate market and its significant impact on the city's revenue.
Mumbai recorded 12,848 property registrations in February 2026, generating over Rs 1,118 crore in stamp duty revenue. This marks the strongest February performance in 14 years, with a 6% year-on-year increase in registrations and a 20% rise in stamp duty collections. This surge indicates a robust real estate market, with a higher proportion of premium and large-ticket transactions.
MMRDA has allocated ₹40,187 crore for infrastructure projects in 2025-26, with a major focus on metro and road development, including coastal connectivity and new tunnels. Nearly 87% of the budget was earmarked for infrastructure development.
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