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Mumbai news

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“Being the owner gives you preferential rights, but not unlimited time.” In a firm order, SRA removes a private landowner as developer after three years of zero progress on a Lower Parel slum scheme, prioritising slum dwellers’ right to timely rehabilitation.

Bombay High Court Limits Registrar’s Role – Complex Housing Society Disputes Must Go to Proper Forums

The Bombay High Court has limited the Registrar’s powers in cooperative housing disputes, ruling that complex issues like succession and document validity must be handled by courts, not administrative bodies. In quashing a 2018 order substituting a member’s name, the court restored the status quo in a decades-old case, highlighting jurisdictional overreach.
India’s office market shattered records in 2025 with 83.3 million sq ft of leasing, led by GCCs and flex spaces, as vacancy dropped to a five-year low, says JLL.

Maharashtra Govt Reiterates Policy: No Office Should Function on Rent; Forms Committee to Allot Space in GST Bhavan

Reaffirming its policy to eliminate rented offices, the Maharashtra government has formed a committee to allocate vacant space in GST Bhavan, Wadala, to state departments. The move aims to cut rental expenditure and optimise government-owned infrastructure.
In a significant ruling on February 23, 2026, the Bombay High Court overturned an interim stay, permitting Bank of Baroda, IDBI Bank, and Indian Overseas Bank to resume fraud-tagging proceedings against Anil Ambani over alleged fund diversion in Reliance entities. This comes as the ED continues its PMLA crackdown, having attached assets exceeding ₹12,000 crore, including the Ambani family's Pali Hill home in Mumbai.

ED Tightens Noose on Anil Ambani Group: Assets Worth ₹1,120 Crore Attached, Total Seizures Cross ₹10,117 Crore

The ED has attached properties worth ₹1,120 crore belonging to the Reliance Anil Ambani Group in the Yes Bank–Reliance Finance fraud probe, pushing cumulative attachments to ₹10,117 crore. The assets include major Mumbai real estate, Chennai plots, Panvel flats, and large financial holdings tied to multiple group entities.
The Maharashtra Government has approved converting a 7,658 sq.m. municipal plot in Sion from leasehold to freehold and leasing it to the Vishva Hindu Parishad (VHP) for 30 years. The land—reserved for medical and educational use—will require the organisation to pay ₹9.72 crore as freehold premium, plus annual ground rent.

State Allots VHP 1.89 Acres of Land in Sion for a Yearly Rent of ₹10,186

The Maharashtra Government has approved converting a 7,658 sq.m. municipal plot in Sion from leasehold to freehold and leasing it to the Vishva Hindu Parishad (VHP) for 30 years. The land—reserved for medical and educational use—will require the organisation to pay ₹9.72 crore as freehold premium, plus annual ground rent.
Maharashtra has expanded the Growth Hub Regulatory Board for Mumbai’s economic master plan, adding the Minister of State for Urban Development to improve coordination and execution.

South Mumbai to Thane in Just 25 Minutes: MMRDA Begins Work on 13.9 km Elevated Eastern Freeway Extension

The MMRDA has launched construction of the 13.9 km Elevated Eastern Freeway Extension, a six-lane high-speed corridor that will cut South Mumbai–Thane travel time to just 25–30 minutes. With advanced engineering, green measures, and seamless regional connectivity, the project promises faster, cleaner mobility across the MMR.