New projects & property in Mumbai

The Brihanmumbai Municipal Corporation (BMC) runs civic services for the island city and the western and eastern suburbs, divided into 24 administrative wards. It went to the polls on 15 January 2026, its first election since 2017. Regional planning and most large transport projects, including the metro network and the Atal Setu, are handled by the Mumbai Metropolitan Region Development Authority (MMRDA). Metro Line 3 was built by a separate state and central joint venture, Mumbai Metro Rail Corporation. Thane, Navi Mumbai, Mira-Bhayandar and Kalyan-Dombivli are separate municipal corporations with their own rules and tax bills.

The island city, from Colaba and Nariman Point up to Mahim and Sion, is the oldest and costliest part of the market. New supply there comes mostly from former mill land and redevelopment in Worli, Lower Parel, Prabhadevi, Byculla and Wadala, often as tall towers on small plots. In the western suburbs, Bandra, Khar and Juhu sit at the top end, and prices generally ease as you move north through Andheri, Goregaon, Malad, Kandivali, Borivali and Dahisar. The eastern suburbs run from Kurla and Chembur through Ghatkopar, Vikhroli and Powai to Mulund, with Powai and Chembur the most sought after. A large share of new flats across the suburbs comes from redevelopment of older housing societies and slum rehabilitation schemes, so carpet areas tend to be compact for the price and approvals deserve a careful read.

Office jobs are spread along a few clusters. Nariman Point and Fort still hold banks and government offices, while Lower Parel and Worli filled with office towers on old mill land. Bandra-Kurla Complex (BKC) houses the National Stock Exchange, bank headquarters and consulates. Further north are SEEPZ and the MIDC estate in Andheri East, the Hiranandani offices in Powai, business parks in Goregaon and Malad, and Vikhroli. The suburban railway still carries most commuters, and the Western and Eastern Express Highways are slow at peak hours.

Transport has changed a great deal in two years. Metro Line 3, the underground Aqua Line, has run the full distance from Aarey to Cuffe Parade since 9 October 2025, linking Colaba, Worli, BKC and the domestic and international terminals of the airport. Lines 2A and 7 have served the western suburbs since January 2023, and in 2026 short first stretches of Line 9 (Dahisar East to Kashigaon) and Line 2B (Mandale to Chembur) opened. The Coastal Road from Marine Lines to the Bandra-Worli Sea Link opened in stages from March 2024, and the Atal Setu to Navi Mumbai opened on 12 January 2024. Navi Mumbai International Airport began commercial flights on 25 December 2025, giving the region a second airport.

Before paying a booking amount, check the project on the MahaRERA website and match its registration number with the QR code that must appear on every advertisement. In BMC limits, stamp duty is 6 per cent of the agreement value or the ready reckoner value, whichever is higher, which includes a 1 per cent metro cess. A woman buying in her own name pays 1 per cent less, and the registration fee is capped at ₹30,000.