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Mumbai: In a significant step towards reinforcing Maharashtra's position as a global sporting destination, a strategic initiative was undertaken under the leadership of Chief Minister Devendra Fadnavis to advance the development of a world-class cricket stadium in the Mumbai Metropolitan Region (MMR). As part of this initiative, Ajinkya Naik, President of the Mumbai Cricket Association (MCA), and Vijay Singhal, Managing Director of CIDCO, engaged in detailed discussions to chart the roadmap for ...Read More >
Mumbai (Maharashtra) [India], April 2 (ANI): In a significant step towards reinforcing Maharashtra's position as a global sporting destination, a strategic initiative was undertaken under the leadership of Chief Minister Devendra Fadnavis to advance the development of a world-class cricket stadium in the Mumbai Metropolitan Region (MMR). As part of this initiative, Ajinkya Naik, President of the Mumbai Cricket Association (MCA), and Vijay Singhal, Managing Director of CIDCO, engaged in detailed ...Read More >
Mumbai (Maharashtra) [India], April 2 (ANI): In a significant step towards reinforcing Maharashtra's position as a global sporting destination, a strategic initiative was undertaken under the leadership of Chief Minister Devendra Fadnavis to advance the development of a world-class cricket stadium in the Mumbai Metropolitan Region (MMR). As part of this initiative, Ajinkya Naik, President of the Mumbai Cricket Association (MCA), and Vijay Singhal, Managing Director of CIDCO, engaged in detailed ...Read More >
Mumbai: Even as the real estate sector is likely to be impacted by the war in west Asia, the state government has decided to increase ready reckoner (RR) rates by 4-5% on average for the 2026-27 financial year, officials aware of the matter told Hindustan Times. "The office of the Inspector General of Stamp and Registration is finalising the proposal and it is expected to be announced on March 31," a senior revenue department official said, requesting anonymity. The hike, effective April 1, is ...Read More >
Mumbai, Apr 1 (PTI) MahaRERA on Wednesday said that 1,060 housing projects were cleared by the realty sector watchdog in March, leading up to the run-up to Gudi Padva, the Marathi New Year. This included 486 projects which were issued registration numbers, corrections in 148 projects and extensions for 426 projects. Usually, the realty sector witnesses increased sales around the New Year as it is considered auspicious. MahaRERA issues over 4,500 registration numbers per year. Of the 1,060 pro ...Read More >
New Delhi: The flexible office space market of India has witnessed a sharp surge over the past eight years, with annual transaction volumes rising 8.4 times from 2.2 million sq ft in 2017 to 18.6 million sq ft in 2025 across the top eight cities, a report showed on Wednesday. The report by Knight Frank India highlighted that such growth indicated a compound annual growth rate (CAGR) of 30 per cent, significantly outpacing the broader office market, which grew at 9 per cent over the same period. ...Read More >
Mumbai, April 1 (UNI) The Marathwada region has been put on alert following a forecast by the India Meteorological Department (IMD) predicting intense pre-monsoon activity, including thunderstorms, gusty winds and isolated hailstorms over the coming days. The weather disturbance is expected to intensify across central Maharashtra, particularly affecting districts such as Ch. Sambhajinagar, Jalna, Beed and Parbhani, where wind speeds of 50-60 kmph are likely on April 3 and 4, along with hail act ...Read More >
PUNE: The Maharashtra government has retained the ready reckoner (RR) rates for the upcoming financial year; joint inspector general of registration (IGR) Rajendra Muthe said on Tuesday. This, despite the state's IGR department marginally missing its revenue target for 2025-26, collecting ₹60,568.94 crore -- about 95.38% of its target of ₹63,500 crore. Officials said that the RR rates have been retained after consultations with builders, citizens and NGOs owing to inflationary pressures and glob ...Read More >
Mumbai: The state government has decided to leave ready reckoner rates unchanged for the 2026-27 financial year on account of a slow down in the real estate sector, drop in revenue collection from stamp duty and registration, and the ongoing war in west Asia which has disrupted fuel and gas supplies. Revenue minister Chadrashekhar Bawankule said various industry associations had also urged the government to maintain status quo on RR rates or minimum rates for property transactions in various ar ...Read More >
Mumbai: In a significant relief to the real estate sector, the Maharashtra government has decided to keep Ready Reckoner (RR) rates unchanged for the financial year 2026-27. The rates, effective from April 1, 2026, will remain at the same level as 2025-26, the Office of the Inspector General of Registration and Controller of Stamps announced. Decision Taken Amid Speculation of Hike The decision was taken by Revenue Minister Chandrashekhar Bawankule following directions from Chief Minister Deve ...Read More >
Navi Mumbai, March 30: The Navi Mumbai Municipal Corporation (NMMC) on Monday presented its budget for the financial year 2026-27, with Standing Committee Chairman Ashok Patil tabling estimates of Rs 6,704.43 crore in receipts and Rs 6,689.43 crore in expenditure before the general body for approval. Financial estimates and balances The civic body has projected a closing balance of Rs 15 crore, with an opening balance of Rs 1,265.83 crore carried forward into the new financial year. Alongside ...Read More >
Mumbai: The Regional Meteorological Centre (RMC) in Mumbai has issued a yellow alert for heatwave conditions in Mumbai, Thane, and Palghar until March 14. According to the RMC, heatwave conditions are very likely in isolated pockets of these areas. Mumbai and other regions in the Mumbai Metropolitan Region (MMR) have been witnessing rising temperatures since the beginning of March. Residents are advised to take precautions such as staying hydrated, avoiding prolonged sun exposure, and checking ...Read More >
Pune: Chief minister Devendra Fadnavis on Monday said Mahayuti partners BJP and Shiv Sena will contest together in most municipal corporation elections on Jan 15. This includes Mumbai, Thane and Kalyan Dombivli. However, in Pune and Pimpri Chinchwad, the BJP and Shiv Sena will have friendly fights with the NCP.Speculations about all three Mahayuti partners going solo in the municipal corporation where each is dominant have now been laid to rest."We are trying to form a Mahayuti alliance in most ...Read More >
MUMBAI: Elections to 29 municipal corporations in the state - including the Brihanmumbai Municipal Corporation (BMC) - will be held on January 15, 2026. Also going to the polls are the municipal corporations in Thane, Navi Mumbai, Nagpur, Chhatrapati Sambhaji Nagar and Pune. The announcement was made by state election commissioner, Dinesh Waghmare, on Monday. The results of the elections will be announced on January 16, when the counting of votes will take place. Waghmare also addressed the is ...Read More >
NEW DELHI: After a delay of nearly three years, the State Election Commission has finally announced dates for Maharashtra's long-pending civic body elections, which have been overdue since 2022. Polling will be held on January 15 for 29 municipal corporations, 32 zilla parishads and 336 panchayat samitis, with results scheduled for January 16.The elections to key urban bodies such as the Brihanmumbai Municipal Corporation (BMC), Pune and Thane are being seen as more than routine local contests, ...Read More >
CNG supply in Mumbai was disrupted on Sunday following damage to a main gas pipeline operated by GAIL, PTI reported. Mahanagar Gas (MGL) said the incident affected gas flow to its City Gate Station (CGS) at Wadala, impacting CNG availability across the network. A large share of the city's autorickshaws, taxis -- including those operated by ride-hailing firms -- and several buses run by public transport undertakings rely on CNG supplied by MGL. The company said it had prioritised piped natural ...Read More >
Indian real estate is set for a significant value surge. Homes worth Rs 6.65 lakh crore are projected for sale in FY 26, a 19% increase. This growth occurs even as unit sales remain steady. Higher apartment prices are driving this value expansion. Luxury and ultra-luxury segments are leading the demand. This trend signals a robust market performance. Homes worth Rs 6.65 lakh crore are expected to be sold in FY 26 a growth of 19% from previous year despite the number of units sold are expected t ...Read More >
There's a variety in how each city is performing. While cities like Delhi-NCR and Chennai have already achieved a large portion of last year's total sales value in just six months, the Mumbai Metropolitan Region appears to be lagging. India's real estate narrative is evolving, as even though the number of homes sold is sluggish, the aggregate value of those transactions is climbing to new heights. Despite global economic pressures, such as commodity volatility and elevated interest rates, fresh ...Read More >
India's commercial office market is showing steady growth this year, even as the housing segment stabilises. Data from ANAROCK Research reveals that average office rentals across the top seven cities rose by 6% year-on-year during the first nine months of 2025. Average monthly office rentals increased from Rs 85 per sq. ft. in the first nine months of 2024 to Rs 90 per sq. ft. in the same period of 2025. Bengaluru saw the sharpest rise of about 9%, followed by steady gains in cities like Pune a ...Read More >
New Delhi, Oct 28 (PTI) SAMHI Hotels Ltd on Tuesday said Maharashtra Industrial Development Corporation (MIDC) has approved an extension to the development timeline for its 700-room hotel project near Navi Mumbai International Airport and DY Patil Stadium. The approval paves the way for SAMHI to commence the development of the hotel, with 400 rooms planned in Phase 1 of the project. Proposed to be operated under the Westin and Fairfield by Marriott brands (subject to the execution of definitiv ...Read More >
MUMBAI: Union Home Minister Amit Shah told BJP workers on Monday to ensure a "triple engine government" in the state by winning the upcoming local body polls. Amid the BJP's tussle with its ruling alliance partners over seat-sharing in civic polls, Shah reminded the party workers that the BJP had formed the government on its own after contesting the 2014 assembly election separately. During his two-day visit to Mumbai, Shah has reportedly discussed issues related to the alliance with Shiv Sena ...Read More >
Mumbai: Chief Minister Devendra Fadnavis expressed confidence that Maharashtra will lead the country in the fields of maritime trade and industry through the Memorandums of Understanding (MoUs) signed today. A total of 15 MoUs were signed in the presence of the Chief Minister during India Maritime Week 2025, held at NESCO, Goregaon. Also present were Fisheries and Ports Minister Nitesh Rane, Additional Chief Secretary (Ports) Sanjay Sethi, CEO of Maharashtra Maritime Board P. Pradeep, and repre ...Read More >
Mumbai: The four-day grand and spiritually uplifting festival of Chhath Puja, symbolising faith, purity, and devotion to the Sun God, is expected to generate business worth Rs 3,000 crore business in the Mumbai Metropolitan Region (MMR) alone. Nationwide, the celebration is projected to bring a record Rs 38,000 crore in trade, according to the Confederation of All India Traders (CAIT). 150 Million Devotees Observing the Sacred Rituals Around 150 million devotees across the country -- men and w ...Read More >
Mumbai: Expressing confidence that BJP on its own would cross the 100-seat mark in the 227-strong BMC in the upcoming civic elections, CM Devendra Fadnavis on Thursday said the party won't stake claim to the mayor's post simply on the basis of strength. "I shall not insist that the mayor is from BJP even if we have the numbers. The mayor could be from the [Eknath] Shinde group," he said.He said BJP will form an alliance with Shiv Sena in four of the nine municipal corporations in Mumbai Metropol ...Read More >
MUMBAI: In the forthcoming local body elections, in order to avoid rebellion within the ranks of the ruling Mahayuti alliance partners, it has been decided that the combine will fight together in some of the nine municipal corporations in the Mumbai Metropolitan Region (MMR), while in some others, the allies will go solo. This was revealed by chief minister Devendra Fadnavis on Wednesday, at an informal chat with journalists over lunch at his official residence Varsha. The Bharatiya Janata Part ...Read More >
Speaking to the media during a Diwali interaction at his official residence 'Varsha' in Mumbai, CM Fadnavis also took aim at the Opposition over concerns regarding the electoral rolls. "As far as I know my party... Delhi is still far away. I will continue as Maharashtra CM till 2029," CM Fadnavis said, brushing off speculation about a possible move to national politics, the PTI reported. CM Fadnavis stated that the existing coalition of the BJP, Eknath Shinde-led Shiv Sena, and Ajit Pawar's NC ...Read More >
Mumbai, Oct 22 (SocialNews.XYZ) Chief Minister Devendra Fadnavis on Wednesday set at rest speculation about moving to Delhi, asserting that he will continue in the present post till 2029. He also stated that the present composition of the MahaYuti government will not be changed. "I will continue as Maharashtra Chief Minister till 2029. As far as I know, my party, Delhi, is still far away," he noted. Fadnavis, during his interaction with the reporters on the occasion of Diwali at his official ...Read More >
Mumbai Metropolitan Region is set for a major transformation. By 2047, it aims to be a global economic leader with a GDP of over a trillion dollars. Population is expected to reach nearly 4 crore. Significant infrastructure projects and job creation will drive this growth. The region will focus on sustainable development and improved liveability. The Mumbai metropolitan region is poised to emerge as one of the world's leading urban economies by 2047, with its gross domestic product (GDP) projec ...Read More >
India's commercial real estate market experienced a significant upswing in Q3 CY25, with office leasing surpassing supply for the sixth consecutive quarter. Net leasing rose 31% year-on-year to 15.9 million sq. ft, while completions increased 44% YoY. Vacancy rates dipped to 14.2%, and rents saw an increase across major cities. India's commercial real estate market saw a major upswing in Q3 CY25, with office leasing continuing to exceed supply for the sixth straight quarter, a report said on Fr ...Read More >
Global capability centres (GCCs) are set to lease 50-55 million sq ft of Grade A office space across India's top six cities by FY27, contributing nearly 40% to overall demand, as global firms expand R&D and innovation hubs. Global capability centres (GCCs) are projected to incrementally lease 50-55 million square feet (msf) of Grade A office space during FY2026-FY2027, potentially contributing 38-40% to the top six markets' overall office demand, according to a statement by ICRA. These six mar ...Read More >
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