Maharashtra Releases ₹5,585 Crore GST Compensation to Municipal Corporations for April–May 2026

The Maharashtra Urban Development Department has approved ₹5,585.68 crore in GST compensation for 29 municipal corporations covering April and May 2026, with BMC topping the list at ₹2,587.55 crore and Pune and Pimpri-Chinchwad close behind at ₹485 crore and ₹457 crore respectively.

Maharashtra Winds Down Smart City SPVs, Hands Charge to Municipal Commissioners

Maharashtra has dissolved Smart City SPV leadership in 8 cities, transferring all powers to Municipal Commissioners as the Centre’s mission concludes.

SBI Wants 200 2BHKs in Mumbai

The State Bank of India has floated a tender to purchase 200 ready 2BHK flats across Mumbai’s key suburban corridors. With a requirement of 50 flats each along four railway stretches, the move signals strong institutional interest in mid-income housing segments.

Maha Transport Min to Open Tenders for 98-Year Lease of ST Bus Depots

The Maharashtra Government will soon invite tenders to lease ST bus depots for 98 years and redevelop them into modern bus ports. Transport Minister Pratap Sarnaik announced the plan at HOMETHON 2025, adding that pod taxi services will also roll out in Bandra-Kurla Complex before expanding to other parts of Mumbai Metropolitan Region.

Rustomjee Launches 35,000 Sq. Ft. Labour Housing Facility for 500 Workers at Urbania Project in Thane

Rustomjee Group has introduced a first-of-its-kind, on-site labour housing facility at its Urbania project in Thane. Spanning 35,000 sq. ft., the housing will accommodate 500 workers and includes modern safety, sanitation, and recreational amenities—setting a new standard for worker welfare in Indian real estate.