Raymond Eyes Rs 10,000 Cr Growth Via JDAs In Mumbai
With ongoing projects worth Rs 10,000 crore, Raymond Ltd. is using the capital-efficient Joint Development Agreement (JDA) approach to propel expansion in Mumbai’s real estate market. The CEO of Raymond’s real estate business, Harmohan Sahni, claims that the company has obtained five JDAs in strategic areas like Mahim, Bandra, and Sion. Speaking to NDTV Profit, […]
Plutonium Business Park Set To Redefine Navi Mumbai’s Commercial Landscape
In Turbhe, Navi Mumbai, Plutonium Group has announced the opening of Plutonium Business Park (PBP), a Grade-A commercial development. The project, which is situated along the busy Thane-Belapur Road, intends to meet the growing demand for high-end commercial enterprises, premium retail, and spacious corporate office spaces in one of Mumbai’s fastest-growing business districts. Designed by […]
Arkade Developers Secures Redevelopment Rights For Nutan Ayojan Housing Society In Malad West
The cooperative housing society Nutan Ayojan in Malad West, Mumbai, has acquired the redevelopment rights, according to a statement released by listed real estate company Arkade Developers. With a gross development value (GDV) of Rs 740 crore, the project is expected to change the local residential environment. Spanning 6,858 square meters, the development will offer […]
CREDAI-MCHI President Domnic Romell: “Mumbai’s Real Estate Market Is Booming”
The Mumbai real estate market is seeing an unparalleled rise, with high demand, increased volumes, and growing interest in both commercial and residential properties, CREDAI-MCHI President Domnic Romell (55) noted on Monday. He was attending the ”FPJ Dialogue” event at the FPJ office in Nariman Point. He claimed that there has never been a better […]
Man Infra Secures Rs 1200 Crore Mumbai Project Approval
As the festive season boosts the property market, engineering, procurement, and construction (EPC) firm Man Infraconstruction has received the commencement certificate (CC) for a luxury residential project in Mumbai, according to a release. According to the statement, the forthcoming home project is located in Mumbai’s Vile Parle region and has a sale potential of more […]
Kanakia Spaces Realty secures a ₹208 crore agreement for the redevelopment of two buildings in Borivali
Kanakia Spaces Realty Pvt Ltd, situated in Mumbai, has obtained development rights to renovate two ancient buildings in the Borivali neighbourhood. Property registration documents reviewed by CRE Matrix show a total value of ₹208.53 crore for the two development agreements (DAs). The two over-50-year-old housing societies in the Govind Nagar district of Borivali, Mumbai, will […]
Mumbai Metropolitan Region to See Increase in RERA-Certified Estate Agents
With the third batch of real estate agents preparing for the online examination conducted by the Maharashtra Real Estate Regulatory Authority (MahaRERA) on November 22, the Mumbai metropolitan region is set to welcome a steady stream of MahaRERA-certified agents. A total of 5,592 candidates have completed the required preliminary training, making them eligible for the […]
628 real estate developers are being examined by MahaRERA for failing to include their QR code and RERA registration number in their marketing
On July 8, the Maharashtra Real Estate Regulatory Authority, or MahaRERA, said that it had fined developers of 628 real estate projects ₹88.90 lakh for failing to include the RERA registration number and QR code in their marketing. According to MahaRERA, of the 628 real estate projects, 312 are located in the Mumbai Metropolitan Region, […]
MahaRERA continues to hold 1,750 abandoned HDG projects in limbo
1,750 abandoned housing projects have had their registrations maintained in limbo by the Maharashtra Real Estate Regulatory Authority (MahaRERA), while 1,137 more have had their registrations suspended for failing to provide a status update even after the project’s estimated completion date. Out of the 1,750 projects that have lapsed, the Mumbai Metropolitan Region has the […]
Developers to self-certify quality of projects, proposes MahaRERA
Homebuyers in the state can look forward to quality construction with MahaRERA floating a draft regulation proposing developers to self-certify the quality of real estate projects, besides providing detailed data on their technical aspects. The draft is available on MahaRERA’s website. It will be open till May 23 for public feedback. In the draft, the […]