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Oberoi Realty Sells ₹970 Crore Homes in Mumbai

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    https://homesbuildings.com/hyderabad-real-estate-faces-rera-crackdown/
    https://homesbuildings.com/hyderabad-real-estate-faces-rera-crackdown/

    Oberoi Realty has reported sales worth ₹970 crore from its newly launched Elysian Tower D at Oberoi Garden City in Goregaon.

    The project, launched on April 30, 2025, has seen strong demand, with apartments ranging from 2,009 to 3,430 square feet (carpet area) being snapped up by discerning buyers.This achievement underscores the resilience and appeal of Mumbai’s luxury housing market, even amid broader economic uncertainties. The success of Elysian Tower D reflects a growing preference among affluent buyers for spacious, well-located residences offering a blend of luxury and convenience.
    Oberoi Garden City, the flagship integrated development by Oberoi Realty, spans 80 acres and is strategically located with excellent connectivity to key commercial hubs and transportation networks. The township offers a comprehensive lifestyle experience, featuring world-class amenities and a well-planned infrastructure that appeals to high-net-worth individuals seeking a premium living environment.

    Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, expressed satisfaction with the overwhelming response to the launch, stating that it reflects the enduring strength of the Oberoi Realty brand and validates the company’s long-term vision of creating integrated urban developments that redefine luxury living.The sale of Elysian Tower D not only highlights the robust demand for luxury properties in Mumbai but also sets a new benchmark for future developments in the city’s real estate landscape.

    As urban living preferences continue to evolve, projects like Oberoi Garden City are poised to meet the aspirations of Mumbai’s elite, offering a harmonious blend of luxury, convenience, and sustainable living.For potential investors and homebuyers, the success of Elysian Tower D serves as a testament to the viability and profitability of investing in Mumbai’s luxury real estate market. With its strategic location, comprehensive amenities, and the credibility of Oberoi Realty, properties in Oberoi Garden City are set to remain a sought-after choice for discerning buyers.As the city continues to grow and develop, projects like Elysian Tower D exemplify the future of luxury living in Mumbai, where quality, convenience, and sustainability converge to create exceptional living experiences.

    Also Read :Nirala World-Backed Fund Revives Stalled Noida Projects

    Oberoi Realty Sells ₹970 Crore Homes in Mumbai

    Hyderabad Real Estate Faces RERA Crackdown

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      Hyderabad Real Estate Faces RERA Crackdown
      Hyderabad Real Estate Faces RERA Crackdown

      The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a penalty of ₹4.2 lakh on Sanali Housing Projects Pvt Ltd for marketing its ‘Sanali Pinnacle’ development in Hyderabad without mandatory registration under the Real Estate (Regulation and Development) Act, 2016.

      The enforcement action sends a clear message to the real estate sector—non-compliance with the law will invite legal and financial consequences.
      The project, located in Shaikpet, was advertised via hoardings and online platforms, including the developer’s own website. Yet, it lacked both registration with TGRERA and the requisite construction approvals from the Greater Hyderabad Municipal Corporation (GHMC). This dual lapse led the authority to act against the developer for violating Sections 3 and 4 of the RERA Act, which mandate registration of all real estate projects before any form of advertisement or sale.Sanali Housing attempted to argue that its communications were not “advertisements” under the RERA definition, claiming they omitted critical commercial details such as pricing and exact location.

      However, TGRERA invoked Section 2(b) of the Act, which broadly defines an advertisement to include any public communication that invites potential buyers to engage with a real estate offering. The authority concluded that the company’s actions amounted to indirect promotion and thus warranted penal action.
      This case reflects growing scrutiny within the real estate industry in Telangana, where TGRERA has ramped up enforcement to instil greater transparency and safeguard homebuyer interests. The regulator is making it clear that developers must obtain all necessary permissions before reaching out to the public in any format, digital or otherwise.The larger context for this action lies in the national drive toward cleaner, more transparent urban development. Regulatory enforcement under RERA plays a critical role in encouraging responsible construction and investment behaviour—an important facet in building sustainable, inclusive cities. With housing increasingly tied to climate resilience, infrastructure equity, and long-term sustainability, ensuring legally compliant and eco-conscious development is a key national priority.

      TGRERA’s intervention highlights the importance of regulatory discipline at a time when India is striving for sustainable urbanisation under frameworks like Smart Cities Mission and Housing for All. The authority’s action not only penalises a specific developer but also sets a precedent that prioritises legal compliance, buyer safety, and ethical construction practices.
      For prospective homeowners, the message is also loud and clear—verify project registration status on RERA portals before investing. For developers, the ruling serves as a timely reminder to adhere to every statutory requirement, not just for business integrity but for contributing to a transparent and sustainable urban ecosystem.

      Also Read : MHADA Unveils Rs 15,956 Crore Housing Plan for 2025-26

      Hyderabad Real Estate Faces RERA Crackdown

      CREDAI Nagpur Metro appoints new team to lead sustainable urban real estate growth

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        CREDAI Nagpur Metro appoints new team to lead sustainable urban real estate growth
        CREDAI Nagpur Metro appoints new team to lead sustainable urban real estate growth

        The Confederation of Real Estate Developers’ Associations of India (CREDAI) Nagpur Metro has inaugurated its new executive body for the 2025–27 term.

        The installation ceremony, held on April 4, 2025, at a prominent venue in the city, marked the commencement of a new leadership era aimed at fostering sustainable urban growth and addressing the evolving challenges of the real estate industry. The newly appointed president, Rajmohan Sahu, expressed his gratitude to the members for entrusting him with the leadership role. He emphasized the association’s commitment to promoting transparency, ethical practices, and collaboration within the real estate sector. Sahu also acknowledged the support of the outgoing leadership and pledged to continue the initiatives that have contributed to the association’s growth. Architect Vishwash Gupta has been appointed as the Honorary General Secretary, while Chandrashekhar Khune assumes the role of Treasurer. The executive team also includes Vice Presidents Abhishek Javery, Hemal Nadiyana, Pratish Gujarathi, and Tarak Chawla. The Joint Secretaries are Jethanand Khandwani, Nitin Patil, Rahul Agrawal, and Vinod Kubde. Additionally, the Executive Members comprise Chandrashekhar Bambal, Harshad Damle, Hemant Madne, Kunal Duddalwar, Mohan Choithani, Rajendra Bose, Raunak Diote, Sameer Deshpande, Sandeep Anjankar, Sreyas Nair, Ujwal Raut, Vivek Kunawar, and Yashwant Khodke.

        The installation ceremony was attended by over 150 members of CREDAI Nagpur Metro, including key stakeholders from the real estate industry. The event provided a platform for networking and discussions on the future trajectory of the real estate sector in Nagpur. As the new executive team takes charge, CREDAI Nagpur Metro aims to address critical issues such as affordable housing, sustainable development, and policy advocacy. The association is committed to working closely with government bodies and other stakeholders to create a conducive environment for the growth of the real estate industry in the region.

        The leadership transition at CREDAI Nagpur Metro signifies a renewed focus on innovation, collaboration, and accountability in the real estate sector. With a dynamic and forward-thinking team at the helm, the association is poised to play a pivotal role in shaping the future of Nagpur’s urban landscape.

        Also Read :CREDAI New President Champions Sustainability and Housing Reform

        CREDAI Nagpur Metro appoints new team to lead sustainable urban real estate growth

        Kotak Family Buys Worli Property at Record Price

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          Kotak Family Buys Worli Property at Record Price
          Kotak Family Buys Worli Property at Record Price

          Mumbai’s real estate market has achieved a new milestone with billionaire Uday Kotak’s recent acquisition of eight additional apartments in the prestigious Shiv Sagar building at Worli Sea Face.

          This transaction has set a national record, with property prices soaring to Rs 2.75 lakh per square foot, surpassing previous benchmarks and underscoring the city’s status as a global luxury real estate hub. The Kotak family’s latest purchase, valued at approximately Rs 131.55 crore, brings their total investment in the building to over Rs 400 crore. The 24-apartment structure, located on a prime sea-facing plot, has seen individual unit prices ranging from Rs 4.7 crore for a 173 sq ft apartment to Rs 38.24 crore for the largest unit spanning 1,396 sq ft. These figures mark a significant increase from the previous record of Rs 2.72 lakh per square foot set earlier this year.

          The acquisition is not just a personal investment but also a strategic move that could reshape the urban landscape. The Kotak family already owns the adjacent Champagne House, purchased in 2018 for Rs 385 crore. The consolidation of these two properties could pave the way for a major redevelopment project, potentially setting new standards for luxury living in Mumbai. This record-setting deal reflects a broader trend in Mumbai’s real estate market, which has been experiencing a surge in high-value transactions. In 2024, the city recorded over 141,000 property registrations, the highest in 13 years, with a notable increase in premium and luxury property sales. This uptick is attributed to sustained demand from affluent buyers and a growing preference for spacious, well-located homes.

          However, the escalating property prices raise questions about affordability and the future of urban development in Mumbai. While the luxury segment thrives, there is a pressing need to ensure that the city’s growth remains inclusive and sustainable. As the skyline evolves with high-end developments, it is crucial to balance luxury with the creation of equitable, eco-friendly urban spaces that cater to all residents. In conclusion, Uday Kotak’s record-breaking property deal at Worli Sea Face is a testament to Mumbai’s allure as a global luxury destination. Yet, it also serves as a reminder of the challenges that come with rapid urban development. As the city continues to attract high-net-worth individuals, it must also focus on creating sustainable, inclusive communities that offer quality living for all its inhabitants.

          Kotak Family Buys Worli Property at Record Price

          Rajasthan Eases Power Woes with Record Coal Reserves

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          India Coal Gasification Project Advances With Land Deal
          India Coal Gasification Project Advances With Land Deal

          Rajasthan’s power sector has made a significant recovery from years of coal shortages, securing a record level of coal stock that ensures uninterrupted electricity supply across the state, even during peak summer demand.

          Thanks to strengthened coordination between the central and state governments, thermal power plants now hold coal reserves ranging from 16 to 36 days—an unprecedented buffer compared to just 2 to 3 days last year. The transformation follows sustained efforts by Chief Minister Bhajan Lal Sharma, Energy Minister Heeralal Nagar, and Additional Chief Secretary (Energy) Alok, who played key roles in stabilising the coal supply chain and reducing the state’s dependency on the Centre’s coal quota. By optimising local coal block output, Rajasthan has shifted toward self-sufficiency in its energy sector. In March 2025 alone, Rajasthan’s coal blocks delivered a record 427 rakes of coal, marking a sharp increase from just 160 rakes in April 2024. This surge in supply has enabled continuous power generation from the state’s thermal plants, resulting in record electricity output at a time when demand typically surges due to rising temperatures.

          Officials credit the strategic collaboration between the state and central governments for this achievement. Enhanced logistical coordination, expedited rail movements, and prioritisation of coal deliveries have helped overcome the systemic bottlenecks that plagued the state in previous years. State officials have assured that the situation is being closely monitored to prevent any future disruptions. Emergency protocols, including dynamic coal sourcing and buffer stock maintenance, are now in place to guarantee long-term energy security. In a state where agriculture and urban development rely heavily on stable electricity supply, the improved coal situation offers a major relief to industries, farmers, and households alike. Power cuts that were once frequent during summers have now been significantly reduced, boosting public confidence and industrial productivity. Rajasthan’s success comes at a time when many other states continue to grapple with power shortages amid rising demand and logistical challenges in coal transport. The proactive measures adopted by the state are now being cited as a model for others aiming to improve energy resilience.

          With the state’s energy landscape stabilised, the focus is now shifting to long-term strategies for sustainable power generation, including renewables and infrastructure expansion. However, the current coal stock achievement stands as a landmark in Rajasthan’s power management history.

          Rajasthan Eases Power Woes with Record Coal Reserves

          New Housing Projects to Launch Across 12 UP Districts Including Lucknow

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          New Housing Projects to Launch Across 12 UP Districts Including Lucknow
          New Housing Projects to Launch Across 12 UP Districts Including Lucknow

          The Uttar Pradesh government is set to launch new housing projects in 12 districts, including prominent cities such as Lucknow, Kanpur, Jhansi, Bareilly, Agra, and Mathura.

          These initiatives are part of the Chief Minister Yogi Adityanath’s vision to boost urban development across the state. The housing projects, under the Mukhyamantri Urban Expansion/New City Promotion Scheme, will be rolled out in phases between June and December 2025. The cities covered by the scheme are set to see significant urban expansion, with new residential developments aimed at meeting the growing demand for housing in these regions. During a high-level meeting with the Housing and Urban Planning Department, Chief Minister Adityanath was briefed on the approved projects, which are expected to enhance infrastructure, housing availability, and overall urban planning in these districts. He stressed the importance of adhering to the timelines for project completion and maintaining quality standards.

          Alongside the housing projects, Adityanath directed officials to expedite the approval process for pending building maps, which have been delayed due to repetitive objections. He emphasised that the process must be streamlined to resolve cases in a single instance and within a specified deadline. The Chief Minister also discussed the ongoing progress of metro projects in Uttar Pradesh. The 6.7 km underground section of the Kanpur Metro between Motijheel and Kanpur Central Station has been completed, with both Corridor 1 and 2 of the Kanpur Metro expected to be completed by the end of this year. The Agra Metro project’s first corridor is targeted for completion by December 2025, and the second corridor by 2026. In Lucknow, the metro project, covering a stretch from Charbagh to Basant Kunj, is progressing rapidly. Further, Adityanath reviewed the International Exhibition-cum-Convention Centre project in Lucknow, which is being developed on 32.50 acres with an investment of Rs 900 crore. The project is expected to become a key landmark for New Lucknow and is slated for completion within two years.

          In addition to these urban infrastructure projects, the state government is also inviting public suggestions for the draft of the Building Construction and Development Bylaws 2025 until May 30, 2025, with finalised bylaws set for implementation thereafter.

          New Housing Projects to Launch Across 12 UP Districts Including Lucknow

          Rahul Vaidya Sells Oshiwara Flats for ₹5 Crore

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            Rahul Vaidya Sells Oshiwara Flats for ₹5 Crore
            Rahul Vaidya Sells Oshiwara Flats for ₹5 Crore

            In a notable real estate transaction, singer Rahul Vaidya and his family have sold two residential flats in Oshiwara’s Samartha Aangan project for a combined total of ₹5 crore.

            The deals, registered in April 2025, reflect the dynamic nature of Mumbai’s property market and the growing interest in the Oshiwara locality.Both apartments are situated in the Samartha Aangan complex, a ready-to-move-in development known for its modern amenities and strategic location near the Lokhandwala Complex. The first flat, measuring approximately 1,102 sq. ft., was sold for ₹3 crore. The second unit, with a built-up area of around 743 sq. ft., fetched ₹2 crore. These transactions indicate a steady appreciation in property values in the area, aligning with broader trends in Mumbai’s real estate market.Oshiwara has emerged as a sought-after destination for both end-users and investors.

            Its proximity to key commercial hubs, improved infrastructure, and availability of ready-to-move-in properties have contributed to its appeal. The sale of these flats by a public figure like Rahul Vaidya underscores the area’s growing prominence in Mumbai’s real estate landscape.The involvement of celebrities in property transactions often brings added attention to specific locales. While the sale by Rahul Vaidya may not be the first of its kind in Oshiwara, it adds to the list of high-profile individuals who have shown interest in the area. Such transactions can influence market perceptions and potentially drive demand in the locality.
            The sale of Rahul Vaidya’s flats in Oshiwara highlights the area’s evolving status in Mumbai’s real estate sector. As infrastructure improves and demand for residential spaces in well-connected locales increases, Oshiwara is poised to attract more attention from both investors and homebuyers.

            Also Read : MHADA to release 15 crore housing documents online

            Rahul Vaidya Sells Oshiwara Flats for ₹5 Crore

            SG Real Estate Fund Revives Noida Projects with ₹125 Crore Investment

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              SG Real Estate Fund Revives Noida Projects with ₹125 Crore Investment
              SG Real Estate Fund Revives Noida Projects with ₹125 Crore Investment

              Noida, May 3, 2025: SG Real Estate Fund, a Category II Alternative Investment Fund (AIF) registered with SEBI, has raised ₹450 crore to invest in real estate projects across the National Capital Region (NCR).

              The fund, promoted and managed by Nirala World and Sea Fund, has already disbursed ₹125 crore to revive two stalled projects in Noida.The fund’s first scheme has allocated ₹450 crore, with ₹125 crore already disbursed to two projects. Another round of disbursements is expected soon, as several projects are currently undergoing due diligence. The fund has also applied for approvals worth ₹500 crore for a second scheme, which will involve equity participation to further expand its portfolio.SG Real Estate Fund aims to provide finance to all types of real estate companies developing both residential and commercial projects across NCR. The fund offers investment and loans through debenture and equity participation, with a focus on supporting stalled projects.

              Suresh Garg, promoter of SG Real Estate Fund, emphasized that any project in need of funding can apply to the fund. The fund’s legal and technical teams assess the project’s feasibility, and after completing the standard evaluation process, a proposal is forwarded to the standing committee for approval. Projects with clear land titles, no legal issues, and strong economic viability are considered eligible for funding.The Noida real estate market has been grappling with a significant number of stalled projects. According to data from PropEquity, 378 housing projects comprising 1.46 lakh units are currently delayed across Noida, Greater Noida, Ghaziabad, Lucknow, and Agra. Noida alone accounts for 103 stalled projects with 41,438 units. The SG Real Estate Fund’s initiative aims to address this issue by providing much-needed capital to revive these projects.

              The fund’s approach includes securing returns through equity share and debenture participation. It plans to raise capital through third-party investments from sophisticated institutional and individual investors, in line with SEBI regulations. This includes contributions from family offices, high-net-worth individuals (HNIs), insurance companies, pension funds, banks, financial institutions, sovereign wealth funds, multilateral agencies, and other institutional investors.
              Nirala World, the realty company behind SG Real Estate Fund, has delivered over 10 million sq. ft. of residential developments, including projects like Nirala Eden Park, Nirala Estate, and the ongoing Nirala Trio. The company is also preparing to launch two new commercial projects in Greater Noida West.The SG Real Estate Fund’s efforts are seen as a positive step towards revitalizing the Noida real estate market and addressing the challenges posed by stalled projects. By providing targeted financial support, the fund aims to unlock the potential of these projects and contribute to the growth of the NCR real estate sector.

              Also Read : PM Modi Inaugurates Rs 58000 Crore Amaravati Development in Andhra

              SG Real Estate Fund Revives Noida Projects with ₹125 Crore Investment

               Nirala World-Backed Fund Revives Stalled Noida Projects

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                 Nirala World-Backed Fund Revives Stalled Noida Projects
                 Nirala World-Backed Fund Revives Stalled Noida Projects

                The SG Real Estate Fund (SGRE Fund), a ₹2,000 crore Alternative Investment Fund (AIF) promoted by Nirala World and Sea Fund, has disbursed ₹125 crore to rejuvenate two such developments.

                This initiative underscores the fund’s commitment to revitalising the real estate sector in the National Capital Region (NCR) and aligns with broader goals of sustainable urban development.The SGRE Fund, registered with the Securities and Exchange Board of India (SEBI) under Category II, focuses on providing financial assistance to real estate developers through equity participation, debentures, and loans. Its primary objective is to support projects that have encountered financial bottlenecks, thereby facilitating their completion and contributing to the region’s economic growth.Suresh Garg, Chairman and Managing Director of Nirala World, highlighted the fund’s proactive approach, stating, “Funding has already been provided to two or three projects out of a total of four to five identified.

                Under the first scheme, ₹450 crore has been allocated, with ₹125 crore already disbursed to two stalled projects. We remain open to supporting more projects.” This statement reflects the fund’s strategic focus on addressing the liquidity challenges that often impede the progress of real estate developments.
                The disbursed ₹125 crore has been allocated to two projects in Noida that were previously held up due to funding shortages. These developments, once completed, are expected to meet the growing demand for residential and commercial spaces in the region. The fund’s involvement not only provides the necessary capital but also instills confidence among stakeholders, including investors and homebuyers, in the viability of these projects.

                Looking ahead, the SGRE Fund is poised to extend its support to additional projects. Several developments are currently undergoing due diligence, encompassing assessments of economic viability, technical feasibility, land titles, outstanding dues, and legal clearances. To bolster its capacity to fund more projects, the fund has applied for approvals worth ₹500 crore under a second scheme, which will involve equity participation.The fund’s investment strategy is particularly beneficial for developers who have struggled to secure financing from traditional banking channels or other alternative investment funds. By offering flexible funding options, the SGRE Fund aims to bridge the financial gap, enabling developers to resume construction and meet project timelines.

                Nirala World, the real estate company behind the SGRE Fund, has a proven track record in the NCR region. The company has successfully delivered over 10 million square feet of residential developments, including projects like Nirala Eden Park, Nirala Estate, and the ongoing Nirala Trio. Additionally, Nirala World has recently acquired a 2.5-acre land parcel in Greater Noida for ₹175 crore to develop an 8 lakh square feet commercial project, further demonstrating its commitment to expanding its footprint in the region.The launch of the SGRE Fund marks a pivotal moment in addressing the challenges faced by the real estate sector in Noida. By focusing on stalled projects, the fund not only aims to complete these developments but also contributes to the broader objective of creating sustainable, eco-friendly, and equitable urban spaces. As the fund continues to evaluate and support additional projects, its impact on the NCR’s real estate landscape is expected to be profound, fostering growth and stability in the sector.

                Also Read : Premium homebuyers keep market momentum alive

                Rs 10 Cr PMAY Funded for Housing of Naxal Survivors in Chhattisgarh

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                  Rs 10 Cr PMAY Funded for Housing of Naxal Survivors in Chhattisgarh
                  Rs 10 Cr PMAY Funded for Housing of Naxal Survivors in Chhattisgarh

                  The Chhattisgarh government has initiated the disbursement of ₹10 crore under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G).

                  This first instalment aims to provide housing support to 2,500 individuals, including surrendered Maoists and families impacted by Naxal violence. Each beneficiary is set to receive ₹40,000 to commence the construction of their homes, symbolising a step towards stability and integration into mainstream society. This initiative is part of a broader plan approved by the central government, which includes the construction of 15,000 houses under PMAY-G for those affected by left-wing extremism.

                  The distribution of these funds marks a pivotal moment in the state’s efforts to rehabilitate individuals who have renounced violence and to support victims of past conflicts. By providing tangible assets like housing, the government aims to offer a foundation for a more secure and dignified life, encouraging others to follow the path of peace. This approach aligns with the state’s broader strategy to address the root causes of insurgency through development and inclusion. By investing in the well-being of affected populations, the government seeks to create an environment where peace can flourish, and communities can rebuild.

                  The implementation of this housing initiative is expected to have a ripple effect, promoting social cohesion and demonstrating the state’s commitment to transformative change in areas long plagued by unrest. As these homes are built and occupied, they stand as testaments to the possibility of reconciliation and the power of supportive governance in healing divided communities.

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