Live news feed — last updated 03 July 2026
Mumbai is set to develop 27 underground parking facilities, one in each administrative ward, to alleviate the severe parking shortage. This project, backed by the BMC Budget 2026-27, will create parking beneath existing gardens and playgrounds, reducing roadside parking and traffic congestion.
The Mumbai Coastal Road, a significant infrastructure project, aims to connect South and Western Mumbai, reducing travel time from two hours to approximately 40 minutes. This 29.20-kilometer project, with an estimated cost of Rs 12,000 crores, includes bridges, tunnels, and eight lanes to improve road connectivity.
Adani Properties, Lodha Developers, and JSW Realty & Infrastructure are among the leading real estate developers who have submitted bids for large-scale MHADA redevelopment projects in Bandra Reclamation and Worli.The Bandra Reclamation project covers 98.27 acres and includes 1,147 tenements, while the Adarsh Nagar project in Worli covers 34.33 acres with 873 residential units.
MMRDA has secured 216 acres in the Raigad district for the 'Mumbai 3.0' project. This initiative aims to create an integrated urban ecosystem with specialized districts for technology, finance, healthcare, and logistics . Its strategic location near key infrastructure like Atal Setu and Navi Mumbai International Airport will enhance connectivity .
The Versova property market is experiencing a surge in demand and property prices, fueled by the upcoming Versova-Bandra Sea Link and ongoing redevelopment projects. This infrastructure development is expected to sustain property values and attract significant buyer interest in the coming years.
Mumbai is experiencing a significant surge in real estate and redevelopment initiatives. Over 1,000 acres across the city are slated for redevelopment, aiming to improve livability and provide homeownership opportunities for working and middle-class families. This includes renewal projects in areas like Abhyuday Nagar, Adarsh Nagar, Motilal Nagar, Punjabi Sindhi Colony, GTB Nagar, SVP Nagar, and Kamathipura.
Mumbai is experiencing a surge in infrastructure and activity. The BMC has proposed a record budget of ₹80,952.56 crore for FY 2026-27, with a significant portion allocated to infrastructure projects like the Coastal Road, Goregaon-Mulund Link Road (GMLR), and Sewage Treatment Plants (STPs).MMRDA has allocated over ₹5,400 crore for road tunnel projects, including one connecting Worli-Bandra Sea Link to Mumbai Airport.
(Shree) Naman Xana residential tower on Worli Sea Face has become a focal point in Mumbai's real estate market, with record-breaking deals exceeding Rs 700 crore in 2025. Ultra-high-net-worth individuals are investing in these exclusive sea-facing homes, drawn by privacy, space, and unparalleled luxury. The project, developed by Shree Naman Group having architects Talati & Partners LLP , features a 150-meter-tall, 44-storey tower.
The Brihanmumbai Municipal Corporation (BMC) has floated a tender to lease a plot in Worli for 30 years under a private participation model, expected to generate nearly ₹200 crore for ongoing civic projects. Earlier this year, BMC leased two prime plots, one near Crawford Market and another at the Worli Asphalt Plant, bringing in more than Rs. 1,152 crore.
Schools, transit, healthcare and essentials within walking distance — plus quick travel-time estimates to Mumbai's top business hubs.
Real-time signals from buyer searches and active inventory in Upper Worli, Mumbai.
Compare top neighbouring localities and discover micro-markets nearby.
Earn reward points 
