Mumbai Civic Body Eyes Property Monetization

06 Feb 2024 CW Team

The Brihanmumbai Municipal Corporation (BMC) in Mumbai is set to embark on property monetization, announced the municipal commissioner, as reported by Economic Times. This strategic move aims to unlock the value of BMC's real estate assets for financial gains.

While specific details regarding which properties will be involved and the allocation of funds are yet to be revealed, the decision reflects a broader trend of municipal bodies exploring alternative revenue streams. Monetizing municipal properties provides a potential source of income that can be channeled into essential infrastructure projects and public amenities.

The announcement underscores the BMC's proactive approach to financial management and resource optimization. As the civic body proceeds with its property monetization initiative, residents and stakeholders will be watching closely to assess the impact on Mumbai's urban development and overall well-being.

In the dynamic landscape of urban governance, leveraging real estate assets for monetary gains has become a strategic imperative. The BMC's decision aligns with this trend, highlighting the importance of innovative financial approaches to support the evolving needs of a growing and dynamic city like Mumbai.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..