Navi Mumbai Municipal Corporation changes property transfer policy to boost accountability
CIDCO accelerates 667-acre Aerocity plan with Navi Mumbai Airport opening
Navi Mumbai is preparing for a major urban transformation as the long-awaited international airport nears its operational debut in September. Alongside, the City and Industrial Development Corporation (CIDCO) has pushed forward with its ambitious 667-acre Aerocity project, intended to position the city as a global hub for business, residential and commercial development.
Officials confirmed that a consultant will soon be appointed to design the Aerocity Master Plan, which will guide the use of land across residential, commercial, retail, industrial and mixed-use zones. Each of these sectors will receive allocations of over 120 acres. The plan will also assess market potential, financial viability and infrastructure readiness, ensuring the project caters to both domestic and international demands. According to CIDCO, the Aerocity is being envisioned as a world-class urban district that integrates financial services, corporate offices, warehousing, hospitality, healthcare, education and entertainment. The blueprint aims to deliver a planned ecosystem that balances economic opportunity with liveability, contrasting sharply with Mumbai’s historically unstructured urban sprawl.
Experts believe the timing of this development is significant. The upcoming Navi Mumbai International Airport is expected to be one of the country’s most critical aviation assets, and the Aerocity will serve as its economic and social backbone. Its proximity to major projects such as the Mumbai Trans Harbour Link, Navi Mumbai Metro and suburban rail expansions strengthens the case for a carefully planned growth corridor. Industry observers note that CIDCO’s track record of urban planning has already set Navi Mumbai apart from Mumbai. Unlike the flooding and congestion faced in several parts of the island city, Navi Mumbai’s infrastructure has so far been resilient. This difference, experts argue, is the result of long-term planning that has reduced environmental vulnerabilities while enabling sustainable urbanisation.
Real estate developers are already anticipating demand from aviation professionals and investors, many of whom have witnessed how property values surged around existing hubs near Mumbai’s current airport. The airport’s equidistant location between Mumbai and Pune is also attracting interest from homebuyers and businesses in West Pune, who see strategic value in early investments. Globally, Aerocities have emerged as powerful growth engines around airports, with Delhi, Hyderabad and Bengaluru already showcasing their potential. Navi Mumbai’s Aerocity, however, is poised to stand out by offering integrated, future-ready infrastructure at a scale few Indian cities have attempted before.
While the government is keen to accelerate progress, officials emphasise that development will follow strict feasibility assessments and sustainable planning principles. The vision, they argue, is not merely to create another commercial cluster but to build a city extension that is equitable, efficient and resilient for the decades to come.
CIDCO accelerates 667-acre Aerocity plan with Navi Mumbai Airport opening
MahaRERA Suspends 4,812 Stalled Projects, Freezes Developers Bank Accounts Nationwide
Maharashtra’s real estate sector has come under renewed regulatory scrutiny with the state’s housing authority suspending registrations of 4,812 projects that failed to comply with mandatory disclosure norms. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has also frozen the bank accounts of these projects, restricting developers from executing property transactions until compliance is restored.
According to officials, the suspension comes after repeated reminders to builders to update construction progress or seek deadline extensions went unanswered. The latest enforcement drive, launched this July, identified widespread non-compliance across major urban centres. Pune accounted for the highest number of stalled projects with 1,219, followed by Thane with 535, Raigad 465, Mumbai suburban 438, and Palghar 377. MahaRERA clarified that suspended projects remain in abeyance rather than deregistered, as homebuyers may already have existing bookings. This means developers remain obligated to complete construction, but cannot undertake new sales, marketing, or bookings until mandatory quarterly progress reports are filed. In addition, penalties of up to ₹50,000 will be levied for non-compliance.
Officials stressed that the move is aimed at protecting the interests of homebuyers and strengthening transparency in the property market. “The authority’s mandate is to ensure that citizens are not left stranded with incomplete or unaccounted housing projects. Freezing financial flows and suspending registrations is a decisive measure to enforce accountability among developers,” an official from MahaRERA said. The crackdown follows a December review where over 10,000 projects were identified as lapsed. While some developers have since updated their timelines, a large number remained unresponsive, compelling the regulator to suspend their registrations. The list of suspended projects has been published on the MahaRERA website, offering prospective buyers a reference tool before making investments.
Industry experts have pointed out that while the regulator’s measures are necessary, further consumer-friendly interventions could strengthen transparency. Suggestions include embedding stronger warnings within the system, such as QR code scans of RERA certificates flagging stalled or suspended projects, to ensure unsuspecting buyers are not misled. Developer associations, meanwhile, have urged members to improve compliance and avoid regulatory lapses, acknowledging that timely submission of quarterly progress reports is critical to maintaining trust in the market.
By tightening enforcement, MahaRERA has reinforced the principle that real estate growth must be sustainable, transparent, and fair to buyers. As the state continues to urbanise rapidly, regulatory vigilance remains central to building equitable and trustworthy housing markets.
MahaRERA Suspends 4,812 Stalled Projects, Freezes Developers Bank Accounts Nationwide
CREDAI Hyderabad Property Show 2025 Sees 70 Developers Showcase 300 Plus Projects
The CREDAI Hyderabad Property Show 2025 successfully concluded with an impressive turnout, highlighting the city’s real estate vibrancy and resilience. Under the theme ‘Choice is Yours,’ the three-day exhibition attracted over 50,000 visitors and brought together more than 70 reputed developers displaying over 300 RERA-approved projects, including apartments, villas, plots, and commercial spaces. The event reinforced Hyderabad’s position as a credible and growth-oriented real estate market while generating business prospects exceeding Rs 400 crore.
The exhibition, inaugurated by a senior state official, emphasised the government’s commitment to strengthening infrastructure, encouraging transparent investments, and positioning Telangana as a business-friendly and investment-ready state. Officials noted that over 23,000 qualified leads were generated, accompanied by 185 site visits and 35 on-the-spot bookings, reflecting strong buyer interest across affordable, premium, and luxury segments. Experts from CREDAI Hyderabad highlighted the importance of showcasing only RERA-registered projects, ensuring transparency and instilling confidence among prospective buyers. They noted that the event offered homebuyers ample choice, fostering informed decision-making and highlighting the city’s consistent growth trajectory. Several officials stressed the need for central government support in easing input costs and providing tax incentives for housing projects to ensure affordability and accelerate development.
The closing ceremony saw participation from central government representatives, who underlined that governance, accountability, and transparency are pivotal to sustainable real estate growth. Officials also highlighted Hyderabad’s emergence as a global hub for pharmaceuticals, IT, healthcare, and industrial innovation, alongside cultural prominence. Infrastructure projects including the ₹25,000-crore Regional Ring Road, Regional Ring Rail, and Metro expansion were cited as key initiatives set to enhance connectivity, unlock urban growth, and further boost the real estate market. CREDAI Hyderabad officials also emphasised that the property show provided a platform for industry-government dialogue, raising concerns over high GST on construction materials, environmental clearance delays, and regulatory challenges. By addressing these issues, they stressed, the real estate sector can ensure faster project delivery, cost-effective development, and a sustainable, eco-friendly urban landscape.
The exhibition highlighted Hyderabad’s balanced urban development, with suburbs emerging as growth hotspots and a variety of housing segments catering to diverse income groups. Officials noted that the show not only reaffirmed market confidence but also underlined the sector’s contribution to Telangana’s broader economic and employment growth. Looking ahead, CREDAI Hyderabad announced that the next property show is scheduled at the Hitex Exhibition Centre from 13th to 15th February 2026. Officials anticipate an even larger showcase of projects and continued engagement with prospective buyers, reinforcing Hyderabad’s position as a top real estate destination for investors and residents alike.
CREDAI Hyderabad Property Show 2025 Sees 70 Developers Showcase 300 Plus Projects
Government Land in Mumbai Sees Zero Housing Societies Opting Self Redevelopment Scheme
In Mumbai, not a single housing society on government-leased land has opted for self-redevelopment, according to data obtained through the Right to Information (RTI) Act. The city and its suburbs host approximately 3,000 cooperative housing societies on occupancy class II land, leased by either the government or the collector. Despite concessional schemes aimed at encouraging redevelopment, the uptake among residents has remained negligible.
Officials explained that last year the state government introduced a 5% concessional scheme for converting leased land to freehold, allowing societies to pay just 5% of the Ready Reckoner (RR) rate if self-redevelopment was completed within two years. The scheme also mandated that 25% of any additional floor space be allocated to the Pradhan Mantri Awas Yojana (PMAY). While an extension of two years is available for implementation delays, failure to meet deadlines would revert land status and result in forfeiture of any paid premium. Experts and housing advocates describe the scheme as impractical and ill-conceived, which has kept it largely unutilised. According to officials from the Federation of Grantees of Government Land, the steep financial burden, bureaucratic complexities, and procedural approvals deter residents from participating. “Middle-class and senior citizen households dominate these societies. The costs for freehold conversion, coupled with compliance for violations and membership transfers, are prohibitive,” stated an official familiar with the matter.
A modified scheme with a 10% RR rate premium has seen some uptake, though limited. Prior to March 2024, six societies opted for the 15% premium conversion, while 62 societies have availed of the 10% scheme since the government reduced the rate. Authorities acknowledge that these numbers highlight the continuing challenges in incentivising redevelopment on government land. Urban planning experts note that self-redevelopment offers potential benefits, including improved infrastructure, modern housing standards, and optimised land use. However, residents face persistent hurdles such as high upfront costs, regulatory red tape, and the risk of delays or financial loss, particularly in cases where redevelopment plans fail to materialise within stipulated timelines.
Officials also highlighted that corruption, inconsistent approvals, and clearance requirements further dissuade societies from engaging in self-redevelopment. The financial and administrative risks, they argue, outweigh the incentives offered by concessional schemes, leaving government-leased plots underutilised despite the city’s pressing need for sustainable urban renewal. The low uptake raises broader concerns about affordable, eco-friendly redevelopment and the capacity of existing policies to foster inclusive urban transformation. Experts stress that addressing procedural bottlenecks, simplifying approvals, and integrating green building incentives could make self-redevelopment more viable for middle-class and senior citizen households.
As Mumbai continues to expand and modernise, the effectiveness of policy instruments like concessional land conversion schemes remains a critical factor in achieving sustainable, equitable urban redevelopment. Urban planners and housing officials emphasise the need for targeted interventions to ensure that government-leased land contributes meaningfully to the city’s housing stock while maintaining financial feasibility for residents.
Government Land in Mumbai Sees Zero Housing Societies Opting Self Redevelopment Scheme
Maharashtra CM Hands Over 1348 PMAY Homes In Solapur Announces IT Park
Maharashtra Chief Minister Saturday inaugurated 1,348 housing units under the Pradhan Mantri Awas Yojana (Urban) in Solapur. The initiative marks a significant effort to provide affordable, secure, and sustainable housing, while simultaneously announcing plans for a new IT Park aimed at creating substantial job opportunities for local youth.
The housing handover ceremony covered 1,128 homes at Dahitne and 220 homes at Shelgi, constructed by the Maharashtra Housing and Area Development Authority (MHADA). Officials highlighted that the city’s upgraded road networks and improved air connectivity now make Solapur a viable destination for industrial and technological investments. The proposed IT Park, to be developed by the Maharashtra Industrial Development Corporation (MIDC) at a site identified by local authorities, is expected to attract IT firms and create large-scale employment opportunities for the region’s youth. State officials confirmed that Solapur is set to benefit from a modernised water supply system with closed pipelines, ongoing sewage treatment projects, and an Rs 850 crore water distribution initiative. The government emphasised that every household will receive clean drinking water, reinforcing Solapur’s commitment to sustainable urban infrastructure development. Additionally, airport enhancements are underway to support the city’s growing connectivity requirements.
Under the PMAY (Urban) scheme, Solapur is planned to receive a total of 48,000 housing units, with 25,000 already constructed and 20,000 allotted to beneficiaries. Officials assured that monthly installments for these homes would be equivalent to standard rental payments, ensuring affordable access and legal ownership security for residents. The Solapur housing model, termed the “Solapur Pattern,” has drawn attention for delivering quality homes with integrated amenities at cost-effective rates. Experts and city planners note that this approach serves as a benchmark for urban housing projects across Maharashtra, demonstrating how scale, sustainability, and citizen welfare can be aligned effectively.
In parallel, state initiatives through the Annasaheb Patil Economic Development Corporation have supported over 1.52 lakh entrepreneurs across Maharashtra, providing financial assistance exceeding Rs 13,000 crore. These measures have enabled communities, particularly in the Maratha sector, to establish self-sustaining businesses that generate employment and stimulate the local economy. Government officials reinforced their “My Solapur, Beautiful Solapur” vision, integrating urban cleanliness, expanded air and road connectivity, and citizen-friendly infrastructure. With the new housing projects, upgraded utilities, and an impending IT hub, Solapur is positioned to become a model for balanced urban growth that blends economic opportunity with social equity.
Experts emphasised that the combination of affordable housing, improved infrastructure, and industrial development can transform Solapur into a regional employment hub while ensuring sustainable urban living. The initiatives also reflect a broader commitment to gender-neutral, equitable, and eco-friendly city planning.
Maharashtra CM Hands Over 1348 PMAY Homes In Solapur Announces IT Park
CREDAI-MCHI Appoints Mr Sukhraj Nahar As 18th President Graced By CM Fadnavis
CREDAI-MCHI, the apex body representing developers in the Mumbai Metropolitan Region (MMR), officially appointed Mr Sukhraj Nahar as its 18th President for the 2025–2027 term. The Change of Guard ceremony, held at Jio World Centre, was graced by Maharashtra Chief Minister Devendra Fadnavis, along with past presidents, the new management committee, and several industry stakeholders, highlighting the strategic significance of the leadership transition.
Mr Nahar succeeds Mr Domnic Romell, who completed a two-year tenure focused on collaborative growth and regulatory engagement. The new management committee includes Mr Bandish Ajmera as President Elect, Mr Rushi Mehta as Secretary, and Mr Nikunj Sanghavi as Treasurer. This transition signifies a deliberate shift towards embedding sustainability, inclusivity, and innovation within the real estate ecosystem across the region. Under Mr Nahar’s leadership, CREDAI-MCHI will champion Mission CARES — a holistic framework prioritising Compassion, Affordability, Reforestation, Empowerment, and Skilling. The initiative aims to transform urban development by aligning growth with environmental stewardship, social responsibility, and technological adoption. Officials emphasised that Mission CARES will ensure affordable housing, digitised governance, and greener urban spaces, while equipping 10,000+ construction workers annually with essential skills.
The Chief Minister noted the pivotal role of CREDAI-MCHI in shaping Mumbai’s urban future. He highlighted the success of RERA implementation, ease-of-doing-business reforms, and collaborative planning, including the Mumbai Development Plan. With the city on the cusp of extensive urban renewal — spanning slum-free redevelopment, infrastructural expansion, and the creation of the Third and Fourth Mumbai economic corridors — Fadnavis underscored the potential for Mumbai to rival global urban hubs in sustainability and livability. Officials from CREDAI-MCHI reiterated the critical need for digital and operational transformation in the sector. Secretary Mr Mehta stated that the industry is committed to leveraging PropTech solutions, AI-driven project tracking, and blockchain-backed compliance to reduce friction and enhance transparency. These measures are expected to streamline approvals, rationalise development premiums, and ensure cost-effective delivery of high-quality housing.
The CARES framework also incorporates aggressive environmental and social goals. Officials plan to plant over one million trees across urban locations by 2026, integrate green buffers in all new projects, establish model biodiversity parks, and maintain strict zero child labour policies. The association aims to deliver 10,000+ affordable housing units within member projects and support education, health, and social welfare for underserved communities. The real estate body’s leadership has outlined pragmatic steps for the next two years, including the establishment of a PropTech Lab, Affordable Housing Innovation Cell, and mobile skilling labs across MMR. These initiatives seek to accelerate digital adoption, improve workforce capabilities, and align construction practices with environmental and social benchmarks.
With over 2,200 member developers, CREDAI-MCHI’s leadership transition under Mr Nahar marks a decisive moment, signalling an industry-wide commitment to sustainable growth, equitable urban development, and measurable social impact.
CREDAI-MCHI Appoints Mr Sukhraj Nahar As 18th President Graced By CM Fadnavis
K Raheja Realty Launches Tower S With 2 BHK Apartments Malad East
K Raheja Realty has announced the imminent launch of Tower S at its Raheja Residency project in Malad East, offering ready-to-move-in 2 BHK apartments across 31 floors. With prices starting at ₹1.99 crore++, the development is aimed at homebuyers seeking premium urban living with modern amenities and excellent connectivity in Mumbai’s western suburbs.
The tower has secured an Occupancy Certificate (OC), enabling buyers to move in immediately without paying Goods and Services Tax (GST). Designed with a focus on lifestyle and sustainability, Tower S features a resort-style swimming pool set amidst landscaped gardens, a 20,000 sq ft clubhouse, pickleball court, banquet hall, and a four-level car parking facility that includes stilt and three basement levels. Residents will also enjoy scenic views of the 2-acre Podium Dream Garden and the surrounding cityscape. Real estate analysts note that Raheja Residency benefits from strategic positioning in Malad East, providing seamless access to the Western Express Highway, Mumbai Metro, and the upcoming Goregaon-Mulund Link Road. Proximity to the local railway station and commercial hubs, including the Powai-Aarey corridor with numerous multinational and domestic offices, enhances the project’s appeal for working professionals and families.
The apartments, with carpet areas starting from approximately 770 sq ft, are configured to optimise space and comfort, with five units on each floor. Experts highlight that the combination of ready-to-move-in availability, OC status, and modern amenities makes Tower S a significant addition to Mumbai’s premium residential market, particularly for buyers seeking hassle-free property investment. Urban planners emphasise that developments such as Raheja Residency contribute to sustainable urbanisation by integrating green spaces, energy-efficient design, and lifestyle infrastructure in densely populated metropolitan areas. The incorporation of expansive landscaped areas and recreational amenities also supports wellness-centric living, addressing the growing demand for holistic urban residences.
Real estate experts further note that the project’s OC-received status reduces bureaucratic delays and enhances buyer confidence, particularly in a market where regulatory approvals can be protracted. This approach aligns with broader trends in Mumbai’s housing sector, where developers increasingly offer fully compliant, ready-to-occupy units to attract end-users over investors. The launch of Tower S represents a convergence of urban convenience, premium lifestyle, and regulatory compliance, reinforcing Malad East’s position as a sought-after residential corridor. Officials from K Raheja Realty stated that the development reflects their commitment to delivering sustainable, well-planned housing while addressing the city’s growing demand for contemporary, community-oriented living spaces.
K Raheja Realty Launches Tower S With 2 BHK Apartments Malad East
Indore to Develop PMAY Housing for Families Displaced by MR-10 Expansion
Indore is set to witness a significant boost in urban housing and infrastructure as the Development Authority (IDA) approved a comprehensive plan to construct high-rise residential units under the Pradhan Mantri Awas Yojana Urban 2.0 (PMAY-U). The initiative is aimed at providing safe and sustainable accommodation for families displaced by the MR-10 corridor expansion, ensuring smooth relocation before major construction begins.
The newly sanctioned housing will be developed on a 1.613-hectare site within the Town Planning Scheme-08 area. Officials highlighted that the high-rise apartments are designed with modern amenities and eco-friendly infrastructure, reflecting the city’s commitment to sustainable urban development. The project will prioritise efficient space utilisation while integrating green design practices to reduce carbon footprint and optimise energy use. Alongside the PMAY-U housing project, the IDA board approved several large-scale infrastructure initiatives to improve connectivity and urban mobility. A Rail Over Bridge connecting Laxmibai Nagar and Mangalia railway stations has been sanctioned with a tender value of INR 48.81 crore. Officials noted that this bridge is a crucial component of the MR-10 corridor upgrade, aimed at reducing traffic congestion and enhancing transit efficiency.
Utility constraints along the corridor are also being addressed. Tenders were cleared for shifting high-tension and low-tension power lines, including a 60-metre-wide road development contract worth INR 3.93 crore and a utility relocation project in master-plan roads of TPS-4 valued at INR 1.90 crore. Authorities emphasised that these measures are crucial for uninterrupted utility services during ongoing construction and future urban expansion. Further enhancing connectivity, the board approved a 12-metre-wide link road between Ring Road and MR-11. The project will incorporate street lighting, smart traffic management, and modern safety features, aligning with Indore’s vision of creating equitable and sustainable urban spaces. The development of this corridor is expected to catalyse local economic activity while providing residents with safer, faster, and more reliable transportation options.
The IDA CEO stated that the integrated approach—combining housing, road infrastructure, and utility relocation—is a strategic effort to balance urban expansion with social responsibility. “This initiative ensures displaced families receive dignified and sustainable housing while the city simultaneously upgrades its infrastructure to meet the demands of rapid urbanisation,” officials said. By prioritising modern, green, and socially inclusive development, Indore is setting a benchmark in city planning for the region. The MR-10 expansion, combined with PMAY-U housing and associated infrastructure projects, demonstrates a coordinated approach to equitable urban growth and improved quality of life for residents.
Indore to Develop PMAY Housing for Families Displaced by MR-10 Expansion
PM Unveils 184 Newly Constructed Flats For MPs In New Delhi Today
