Mumbai, March 6 (IANS) Maharashtra’s total debt stock is projected to cross Rs 11 lakh crore in 2026-27 as the state continues to borrow to fund infrastructure projects and welfare schemes, government officials said on Friday. According to the state government’s budget documents, Maharashtra’s total debt is estimated at Rs 11,02,654 crore in 2026- 27. This is up from Rs 9,73,989 crore in 2025-26 and Rs 8,40,247 crore in 2024-25. The numbers show a sharp rise over the past decade.In 2018-19, the …
Latest Mumbai Metropolitan Region News & Updates
New Delhi, Feb 24 (IANS) India’s alternate airports, built to reduce pressure on crowded metro hubs, are expected to reach a combined annual passenger handling capacity of around 40 million by the end of 2026, a new report said on Tuesday.These airports are likely to play a crucial role in handling rising air travel demand as older airports in key metro regions operate close to their maximum limits, according to a report by Crisil Ratings.The report said that over the next four financial years…
Mumbai, Feb 19 (IANS) In a major push to strengthen and modernise infrastructure in the Mumbai Metropolitan Region (MMR), Maharashtra Deputy Chief Minister Eknath Shinde on Thursday announced a comprehensive transformation plan for Thane and Kalyan through the Mumbai Metropolitan Region Development Authority’s (MMRDA) annual budget of Rs 48,000 crore, which was approved at its recent meeting held earlier this week.Deputy Chief Minister Shinde, who is also the Chairman of the MMRDA, said that w…
Mumbai, Feb 19 (IANS) The Maharashtra government will hand over possession of a 118-acre land parcel at Mukteshwar in Malad-Malvani to the Dharavi Redevelopment Project (DRP), paving the way for the special purpose vehicle (SPV) — Navbharat Mega Developers Private Limited (NMDPL) — to begin planning and construction of rehabilitation buildings. Navbharat Mega Developers Private Limited is an SPV between the Maharashtra government and the Adani Group for the Dharavi Redevelopment Project.The si…
Navi Mumbai, Feb 18 (IANS) Express transportation company FedEx announced on Wednesday that it will invest over Rs 2,500 crore in setting up a fully automated cargo hub at Navi Mumbai International Airport in partnership with the Adani Group. “The Rs 2,500 crore long-term investment by FedEx will support the proposed 300,000 sq. ft. facility, designed as a regional consolidation and redistribution hub and developed in partnership with Adani Airport Holdings Ltd. (AAHL),” according to a FedEx sta…
Mumbai, Feb 1 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Sunday said that the budget presented by Union Finance Minister Nirmala Sitharaman under the leadership of Prime Minister Narendra Modi is a strong move towards a developed India. He claimed that Maharashtra’s share from central taxes will be Rs 98,306 crore, adding that apart from this, according to the preliminary estimate of the budget, Rs 12,355 crore is for various projects.“Therefore, Maharashtra will get about Rs 1 lak…
Mumbai, Jan 22 (IANS) The reservation lottery for the mayoral posts of 29 Municipal Corporations across Maharashtra was officially announced on Thursday in the presence of state Urban Development Minister Madhuri Misal.A woman corporator from the open category is set to become the Mayor in the Brihanmumbai Municipal Corporation.While the Bharatiya Janata Party (BJP) has emerged as the single largest party across the state, the path to power remains complex.In several corporations, the BJP is nav…
Mumbai, Jan 21 (IANS) The Mumbai Metropolitan Region (MMR) led the activity in number of land deals in 2025, with 32 deals spanning over 500 acres of land, a report showed on Wednesday, as the country saw a total of 126 land deals last year.According to ANAROCK Research, while the number of land transactions was little short of that in 2024, the total volume recorded in all of 2025 surpassed that of 2024.Developers collectively acquired thousands of acres across key metros and emerging corridors…
Thane, Jan 16 (IANS) Maharashtra Deputy Chief Minister and Shiv Sena chief leader Eknath Shinde on Friday announced that the Shiv Sena-BJP Mahayuti alliance is on the verge of a majority in the state’s municipal elections. Speaking at a press conference, Shinde expressed firm confidence that Mahayuti mayors will be installed across several municipal corporations in Maharashtra, including the prestigious Brihanmumbai Municipal Corporation (BMC).Shinde highlighted that the alliance has made sign…
Mumbai, Jan 15 (IANS) Polling in 29 municipal corporations, including the Brihanmumbai Municipal Corporation (BMC), commenced at 7:30 a.m. and will conclude at 5:30 p.m. While elections were originally scheduled for 2,869 seats, including 227 in the BMC, they will now be held for 2,801 seats as 68 candidates were elected unopposed. No polling will occur for these 68 seats. A total of 3.48 crore voters will decide the fate of 15,931 candidates, including 1,729 in Mumbai. The counting will take pl…