Business Moves in Maharashtra: Funding, Transit and Real Estate Shifts

Amid monsoon challenges, Maharashtra’s government and agencies are pushing forward with financial, transport and property initiatives that affect Mumbai’s commuters and homeowners.

💰 CAG flags virtual deposit concerns

The Comptroller and Auditor General raised issues about the Maharashtra government parking funds in Virtual Personal Deposit Accounts, urging stricter oversight. [2]

🚌 Extra bus trips to ease train cancellations

The state added 200 daily Mumbai‑Pune bus services after the Central Railway cancelled 30 trains due to landslides triggered by heavy rains. [3]

🏢 Reduced stamp duty for long‑term leases

Maharashtra approved a lower stamp duty rate for 99‑year lease agreements, benefiting housing societies across Mumbai. [7]

🚤 Electric boat hub to support water metro

A memorandum was signed to set up a Rs 150‑crore electric boat manufacturing plant in Sindhudurg, aimed at supplying vessels for Mumbai’s Water Metro project. [8]

Sources: [2] The Times of India · [3] The Indian Express · [7] Hindustan Times · [8] Swarajya