Sector 1, Thane

The Maharashtra government has approved the ₹17,036-crore Bhayander-Ghodbunder connectivity project, which includes a 15.44 km corridor with an elevated creek bridge and twin tunnels. The project will be executed on a Build-Operate-Transfer (BOT) model, with 60% funding from a private concessionaire.

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.

Mumbai is preparing for a 10% water supply cut starting May 15 due to low levels in water storage lakes and concerns about a potential delay in the monsoon. This follows recent disruptions caused by a pipeline repair in Mahalaxmi, which affected areas like Chembur, Kurla, and Ghatkopar.

Mumbai's residential real estate market has started the new financial year strongly, with property registrations in April 2026 reaching a 14-year high. Over 13,800 registrations were recorded, a 6% year-on-year growth. Stamp duty collections exceeded ₹1,100 crore. This surge indicates sustained end-user demand.

Several emerging micro-markets in MMR are offering comparatively affordable sea-view apartments. Locations like Sewri-Wadala Belt, Versova, and Mira Road-Bhayandar are seeing development and improved infrastructure, making them attractive for homebuyers seeking coastal living at a reasonable price.

The Maharashtra government has decided to cancel the proposed metro car shed project in Dongri, Mira-Bhayandar, Thane district, due to sustained opposition from local residents, environmental concerns, and land use issues. The decision, announced by Transport Minister Pratap Sarnaik, prioritizes citizen welfare and environmental protection, with plans of an alternative site to keep the metro project on schedule.