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Mumbai news

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Mumbai’s office stock hit 169 Mn sq. ft. in H1 2025, with over 50% in Grade B assets. SBDs lead the shift, flex space dominates leasing, and vacancy hits a 10-year low, as per Knight Frank’s Billion Sq Ft report.

BJP Constitutes Special Study Group to Tackle OC Certificate Delays in Mumbai Housing Societies

The BJP’s Mumbai unit has formed a four-member study group to tackle the city’s long-standing Occupation Certificate (OC) delays that have left thousands of housing societies in limbo. Guided by former MP Gopal Shetty, the committee will investigate the issue and propose measures to bring relief to affected homebuyers.

GSB Seva Mandal Insures Ganpati for ₹474.46 Crore in 2025, Mumbai’s Richest Ganpati Mandal Sets New Record

Mumbai’s GSB Seva Mandal at Kings Circle, known as the city’s richest Ganpati mandal, has taken a record ₹474.46 crore insurance cover for its 2025 festivities. The cover includes gold, silver, and jewels worth over ₹67 crore, a massive ₹375 crore for volunteers and workers, and ₹30 crore in public liability — ensuring safety and protection for lakhs of devotees.
MahaRERA has cleared more than 5,000 homebuyer complaints in just 10 months, a move that brings long-awaited relief to families struggling with delayed homes and broken promises. With faster hearings and tighter checks on new projects, the regulator is aiming to protect buyers and prevent future disputes.

MahaRERA Directs Developer to Allocate Car Parking to Homebuyers, Warns of Penalty for Non-Compliance

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered the developer of Suyog Nisarg Phase III to allocate promised car parking spaces to three homebuyers within 30 days. The ruling, delivered after the developer’s absence from the hearing, warns of penalties for non-compliance and highlights ongoing registration and compliance issues with the project.

NSE to Build New HQ on ₹757.90 Crore Land in BKC Allotted by MMRDA

The National Stock Exchange of India is set to expand its footprint in Mumbai as MMRDA allots Plot C-82 in BKC for ₹757.90 crore. The new administrative headquarters will further strengthen BKC’s status as a premier financial district.

15-Year Wait Ends for Siddharth Nagar (Patra Chawl) Residents as MHADA Conducts Lottery for 663 Homes in Goregaon

The 15-year-long wait for residents of Siddharth Nagar (Patra Chawl) in Goregaon (West) has finally ended, as MHADA conducted a computerized lottery for 663 rehabilitation tenements. Held under strict transparency measures, the allotment ensures rightful residents receive their homes. Possession begins on April 7, 2025, with continued rent compensation until May. MHADA has also approved a solar power system and gym equipment for the housing society, marking a new chapter for residents.