Godrej Properties Launches India First 3D-Printed Villa in Pune

Pune

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March 11, 2025

Godrej Properties Launches India’s First 3D-Printed Villa in Pune

Godrej Properties Launches India First 3D-Printed Villa in Pune

Godrej Properties has made history with the launch of India first 3D-printed G+1 villa at its Godrej Eden Estate in Maan Hinjewadi, Pune. This revolutionary step in the real estate sector, developed in collaboration with a leading technology partner, demonstrates the potential of cutting-edge 3D printing to reshape the future of construction and sustainable living.

The 3D-printed villa was built using advanced additive manufacturing techniques, a process that constructs structures layer by layer based on computer-generated designs. This method significantly reduces construction time, material waste, and labor costs while ensuring high precision and durability. Completed in just four months, this project showcases the remarkable speed and efficiency of 3D printing in homebuilding.

The villa stands as a prime example of blending technology with sustainability. Featuring energy-efficient designs and environmentally conscious building methods, the construction process minimised the environmental impact, aligning with modern eco-friendly principles. The use of 3D printing in this project is expected to set new standards for sustainable housing, introducing a forward-thinking approach to urban development.

An official spokesperson from Godrej Properties highlighted the importance of this achievement in advancing innovation within the real estate sector. The spokesperson stated, “The unveiling of India’s first 3D-printed villa marks a significant leap in the industry, offering a glimpse into the future of homebuilding. With 3D printing, we are able to create homes that are not only faster and more efficient to build but also incorporate energy-efficient features that reduce environmental impact.”

The successful completion of the 3D-printed villa is a clear indication of how technology can transform the construction industry, driving it toward a future of smarter, more sustainable urban spaces. Godrej Properties adoption of 3D printing technology sets the stage for the wider use of these innovations in the real estate sector, with the potential to redefine how homes are designed, built, and inhabited in the years to come.

Akshay Kumar Sells Apartment in Mumbai for ₹4.35 Crore

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March 11, 2025

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Akshay Kumar Sells Apartment in Mumbai for ₹4.35 Crore

Bollywood star Akshay Kumar has recently sold his 1,073-square-foot apartment in Mumbai’s prestigious Sky City development, located in the bustling suburb of Borivali East, for ₹4.35 crore. The property, which was registered on March 8, 2025, marks an 84% appreciation since it was first purchased for ₹2.37 crore in 2017.

Sky City, a 25-acre residential project by Oberoi Realty, offers luxurious apartments and a range of high-end amenities, making it one of the most sought-after developments in the region. The project caters to affluent buyers, with 2BHK, 3BHK, and duplex apartments, and has seen strong market interest in recent years.The recent sale of Kumar’s apartment, which also included two designated car parking spaces, reflects the growing demand for upscale properties in suburban Mumbai. The transaction also incurred a stamp duty of ₹26.1 lakh and ₹30,000 in registration charges.

This increase in value demonstrates the strong market performance of Sky City, which has become a key player in the city’s real estate landscape.According to market reports, the Sky City development has registered significant sales, with a total of ₹818 crore in transactions between March 2024 and February 2025. The average resale price of properties in the development has risen to ₹44,577 per square foot, indicating a healthy market trend.

Moreover, high-profile figures in the entertainment industry have also invested in the project, with other prominent personalities acquiring multiple properties in the development.This sale highlights not only the rising property values in Borivali East but also the ongoing trend of lucrative investments in Mumbai’s real estate sector. Despite concerns about affordability in the city, luxury developments like Sky City continue to thrive, attracting buyers from both within and outside the film industry.

Odisha to Restart Apartment Sale Deeds After 2 Years Delay

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March 10, 2025

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Odisha to Restart Apartment Sale Deeds After 2 Years Delay

Bhubaneswar’s real estate market is set to experience a significant shift as the execution of apartment sale deeds, halted for over two years, will finally resume in April. The delay, caused by legal challenges surrounding the implementation of RERA regulations and the Apartment Ownership Act, has been a major obstacle for both buyers and sellers in the city.

Government officials have confirmed that discussions are underway with local development authorities to clear existing bottlenecks. Efforts are being made to resolve these issues before the end of March, aiming to streamline the registration process and bring clarity to a market that has been marred by uncertainty.In a key move, the Odisha government has issued a notification that will simplify the registration process. The new rule clarifies that apartments and buildings constructed before the RERA Act’s implementation will not fall under its purview.

This will help address the issue of reselling older properties, a common concern for many in Bhubaneswar’s real estate market, where buildings often lack essential documents such as occupancy certificates (OCs) and environmental clearances.
The sale deed registrations had been put on hold in May 2022 after the Orissa High Court ruled that only properties fully compliant with real estate regulations would be eligible for registration. Though partial registrations resumed in May 2024 following the enactment of the Odisha Apartment (Ownership and Management) Act, the process remained slow due to the requirement of occupancy certificates.

Many buildings in Bhubaneswar, particularly older ones, lacked these certificates, further complicating the registration process.This situation mirrors the challenges faced by other cities, such as Mumbai, where numerous buildings also lack OCs. In response, various solutions have been proposed, including amnesty schemes to regularise buildings without OCs. Legal experts stress the need for developers to secure the required documentation within a specified timeframe to avoid further complications.
As Bhubaneswar moves to resolve these issues, the changes are expected to boost transparency and encourage more activity in the city’s real estate market. If successful, these reforms could serve as a model for other cities facing similar challenges in their property markets.

Luxury Housing Market Expands While Mid-Income Faces Supply Strain

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March 10, 2025

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Luxury Housing Market Expands While Mid-Income Faces Supply Strain

The Indian real estate market is witnessing a growing divide, with the luxury housing sector flourishing, while mid-income housing struggles due to oversupply and market saturation. High-end properties are seeing robust demand, particularly in cities like Mumbai, Delhi, and Bengaluru, with buyers primarily from the high-net-worth segment, investing funds from stock market gains. Properties above ₹50 crore are in strong demand, with inventory expected to be absorbed within the next few quarters.

In Mumbai, luxury housing has seen a significant boost, with over 98,000 apartments sold in 2024 alone. However, the market for properties priced between ₹20 crore and ₹50 crore is facing challenges, with a surplus of unsold inventory. Experts predict that it could take five or more years to clear this stock, highlighting a slowdown in this particular price range.
In contrast, the mid-income housing segment is grappling with an oversupply of premium properties, especially in areas like Gurugram and the National Capital Region (NCR). The demand in the ₹4 crore to ₹5 crore range has plateaued, leaving developers with significant inventory.

On the other hand, properties priced between ₹2 crore and ₹3 crore continue to see healthy demand, offering a silver lining for developers focused on this segment.
Affordable housing, which once formed the backbone of the real estate market, is also facing a significant decline in demand. The increasing costs of construction and regulatory taxes have driven up prices, making affordable housing less accessible. In Mumbai, government levies now account for nearly 50% of a flat’s cost, further hampering affordability.
While the luxury real estate sector remains buoyant, experts caution against excessive supply, particularly in the ₹20 crore to ₹50 crore range. For mid-income housing, developers must carefully manage inventory to avoid overbuilding and ensure long-term market stability.

Oberoi Realty Transforms Modern Homeownership

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March 10, 2025

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Oberoi Realty Transforms Modern Homeownership

Oberoi Realty has adapted to these shifts by embracing customer-centric approaches that combine innovation, sustainability, and wellness. The real estate giant has recognised that today’s homeowners want more than just opulent living spaces they desire multifunctional homes that cater to work, leisure, and personal well-being.

With the rise of hybrid work models and heightened emphasis on holistic living, there has been a significant demand for homes that provide dedicated spaces for home offices, fitness, and relaxation. Buyers now seek residences that are not only luxurious but also environmentally responsible, incorporating energy-efficient designs and sustainable building practices. Oberoi Realty has capitalised on this demand by integrating green technologies and forward-thinking designs into its developments, creating spaces that reflect both luxury and sustainability.

The company’s marketing strategy has also evolved to meet the needs of this discerning clientele. Its marketing initiatives blend traditional methods with cutting-edge digital strategies, ensuring a seamless and immersive experience for potential buyers. One of the standout features of Oberoi Realty’s approach is its Customer Experience Centre, where potential buyers can experience a fully designed show apartment, providing a tangible feel of the brand’s commitment to quality and luxury.

By offering high-end, thoughtfully designed properties that cater to the needs of modern homebuyers, Oberoi Realty continues to set benchmarks in the luxury real estate sector. As the demand for sustainable, future-ready homes rises, the company remains at the forefront of creating residential spaces that transcend expectations while promoting a greener, healthier way of living.

DLF to Invest Rs 6000 Crore in Gurugram Real Estate

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March 10, 2025

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DLF to Invest Rs 6000 Crore in Gurugram Real Estate

DLF, India’s largest real estate player, has committed to an investment of Rs 6,000 crore. The funds will go towards the construction of 75 lakh square feet of office and retail real estate in Gurugram, marking a major expansion of its rental business through its joint venture, DLF Cyber City Developers Ltd (DCCDL). The project is poised to set new benchmarks in green and sustainable infrastructure for commercial properties in the region.

DCCDL, a strategic alliance between DLF and Singapore’s sovereign wealth fund GIC, is responsible for DLF’s high-value rental assets, including a significant portion of the firm’s portfolio of commercial spaces. With DLF holding a 67% stake in the joint venture, this investment is crucial in solidifying its dominance in the highly competitive commercial real estate market.The primary focus of this project will be the next phase of DLF Downtown, Gurugram, where construction of 5.5 million square feet of Grade A++ office spaces has already begun. These spaces will meet the rising demand from global corporations, particularly in the tech and services sectors, seeking high-quality, sustainable workspaces.

The first phase of the project, comprising 3.7 million square feet, has already been completed, and experts predict the full development will not only attract major multinational tenants but also significantly raise the standards for office infrastructure in the area.In addition to office spaces, the project will also include an expansive shopping mall, adding another dimension to DLF’s growing presence in Gurugram’s retail sector. The mall’s development is set to align with the city’s fast-developing status as a retail and business hub, driven by a burgeoning middle class and the increasing popularity of organised retail. As per industry analysts, Gurugram’s retail segment has been showing strong signs of recovery, with national and international brands vying for premium retail locations.

Despite the growing availability of top-tier office and retail spaces, DLF’s approach to leasing remains selective, with units being released in phases to ensure that rental prices remain high. Currently, office space rents in DCCDL’s portfolio are seeing upward pressure due to growing demand, further solidifying the perception that real estate in key areas like Gurugram continues to be a premium investment.
In the third quarter of the current fiscal, DCCDL reported a 10% increase in rental income, amounting to Rs 1,194 crore. The revenue was buoyed by increased occupancy levels and higher rental rates. Office assets alone contributed Rs 962 crore, with retail spaces adding another Rs 231 crore to the bottom line. These impressive results highlight the resilience of the office and retail real estate sectors, even as global economic conditions remain uncertain.

Looking ahead, DLF’s plans for Gurugram extend beyond office spaces. The company is also preparing to complete 1.3 million square feet of retail space within the year and has laid out plans for another 2-2.5 million square feet over the next three years. These expansions come in response to increasing demand for both commercial real estate and high-end retail experiences in one of India’s most dynamic urban centres.
This investment is not only a strategic move for DLF but also a reflection of the long-term optimism surrounding the Gurugram real estate market. With an expanding workforce, increasing foreign investments, and growing demand for state-of-the-art office and retail facilities, Gurugram is likely to continue its trajectory as one of India’s foremost commercial hubs.

Mumbai Redevelopment Raises Housing Prices and Infrastructure Concerns

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March 10, 2025

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Mumbai Redevelopment Raises Housing Prices and Infrastructure Concerns

Mumbai’s real estate sector is experiencing a transformation as redevelopment projects take centre stage in meeting the city’s growing housing needs. According to experts, one in every three homes sold in Mumbai is now a result of such redevelopment efforts. This shift, characterised by the replacement of aging buildings with taller, modern structures, promises to alleviate housing shortages in one of the world’s most densely populated cities. However, these projects raise serious questions about the city’s strained infrastructure and skyrocketing property prices.

The redevelopment model in Mumbai is simple: aging and dilapidated structures are demolished to make way for high-rise buildings. On the surface, this appears to be a solution to the city’s housing crisis. Yet, as experts point out, it is not without significant consequences. The city’s infrastructure already under immense pressure struggles to keep pace with this rapid vertical growth. Issues such as water supply, drainage systems, waste management, and traffic congestion continue to worsen, impacting the daily lives of residents.

For a city like Mumbai, where available land is scarce, redevelopment has become the default approach to expanding housing. But while this shift increases the housing supply, it also contributes to further infrastructural stress. Experts have highlighted that the city’s roads, drainage, and public transport systems were not designed to support such rapid and vertical expansion.The redevelopment of buildings may create more housing units, but if critical infrastructure such as water, traffic management, and waste collection remains neglected, these new high-rises will only exacerbate the strain,” an expert in urban planning noted.Despite the increase in housing supply, the expected drop in property prices has not materialised.

In fact, the opposite is true: redeveloped properties often command a premium, sometimes 1.5 times higher than older units in the same area. As a result, the average cost of a decent apartment in Mumbai now hovers above INR 2 crore, making the city one of the least affordable places to live in India.
Real estate experts point out that, contrary to basic economic principles, an increase in housing supply has not led to a decrease in prices. Instead, the release of units in redeveloped projects is staggered, ensuring that demand remains high even as prices continue to climb.

For buyers, this means paying more for homes that, in the long term, will face significant infrastructure challenges. While redevelopment does revitalise old neighbourhoods and improve living conditions, it does so at the cost of amplifying the strain on the city’s already overburdened systems.
Moreover, residents of redeveloped buildings are likely to face a deterioration in their quality of life as the city struggles to meet the growing demands of its population. What Mumbai needs, experts argue, is not just more housing but a comprehensive overhaul of its urban infrastructure to support the increasing density of its vertical growth.

Ahmedabad to Break Records with 150m Skyscraper

Ahmedabad

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March 10, 2025

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Ahmedabad to Break Records with 150m Skyscraper

Ahmedabad, the largest city in Gujarat, is witnessing a dynamic shift in its skyline, with the upcoming construction of a towering 150-metre skyscraper set to redefine the city’s commercial landscape. This ambitious development, planned for the Gota ward near Nirma University, will stand as the tallest building in the city, surpassing the current record-holder a 147-metre commercial tower near Rajpath Club. Once complete, the new skyscraper is expected to soar over 45 floors, making a significant contribution to Ahmedabad’s rapidly expanding skyline.

The proposal for this landmark structure has already been submitted to the state’s special technical committee for approval. Once the green light is given, it will mark a key milestone in the city’s ongoing urban transformation. As Ahmedabad continues to push the boundaries of vertical growth, the new tower is expected to become a focal point for commercial activity and an architectural landmark.The rise of high-rise buildings in Ahmedabad is a direct result of the city’s evolving real estate policies. Over the past decade, the Ahmedabad Municipal Corporation (AMC) has approved 23 buildings over 100 metres tall, including both residential and commercial properties.

This shift towards vertical construction has been supported by the Gujarat Comprehensive General Development Control Regulations (CGDCR), which were introduced in December 2014. The policy reforms have raised the Floor Space Index (FSI) for key areas, enabling the development of taller structures. Specifically, Ashram Road, a key commercial artery, now boasts an FSI of 5.4, while other areas within 200 metres of Metro and BRTS routes have been allocated an FSI of 4.Prior to these regulatory changes, the city’s high-rise buildings were generally limited to around 22 floors and 70 metres in height.

However, following amendments to the CGDCR in 2017 and 2018, Ahmedabad saw a surge in approvals for much taller buildings. These new regulations, which include an increase in FSI to 3.5 and 4 for roads wider than 30 metres, have facilitated the construction of buildings exceeding 100 metres, paving the way for Ahmedabad’s skyline to rise ever higher.The drive for high-rise construction also aligns with broader urban trends in other major Indian cities. In Mumbai, for example, there has been a surge in the construction of towering commercial buildings in areas like Bandra-Kurla Complex and Worli.

Similarly, Bengaluru, with its rapidly expanding IT sector, has witnessed a boom in the construction of high-rise office spaces and residential complexes.
Ahmedabad’s growing real estate sector is attracting developers both from within Gujarat and beyond. Experts note that the city’s strong infrastructure, improved regulatory framework, and increasing demand for space have created a favourable environment for vertical growth. This transformation is not only about height but also about the city’s ability to adapt to the demands of modern urban living.

However, with the increasing construction of high-rise buildings, there is a growing emphasis on sustainable, eco-friendly, and energy-efficient designs. As urban populations expand, it is imperative that these new skyscrapers are built with environmental responsibility in mind. Developers are increasingly adopting green building practices, aiming to reduce the carbon footprint of these structures and promote energy efficiency.
The completion of this new skyscraper will undoubtedly mark a defining moment in Ahmedabad’s urban development, positioning the city as a key player in India’s real estate sector. As construction continues to rise, the city’s skyline will evolve, contributing to the region’s economic growth while balancing the need for sustainable and equitable urban spaces.

Kurla Christian Village Rejects Slum Label Proposal

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March 8, 2025

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Kurla Christian Village Rejects Slum Label Proposal

Kurla Christian Village have voiced strong opposition against a proposed biometric survey by the Slum Rehabilitation Authority (SRA) that threatens to categorise their centuries-old settlement as a slum. The notice for the survey, issued by the Brihanmumbai Municipal Corporation (BMC) and posted around the village, has caused significant concern among the local population, who fear that the slum classification will hinder redevelopment and the protection of their homes.

The village, which consists of around 150 homes primarily inhabited by East Indian Catholic families with roots tracing back to the 16th and 17th centuries, is a cultural and historical landmark in Mumbai. Residents argue that their settlement, with its distinct character and long history, should not be labelled as a slum, as this designation would entitle them to rehabilitation under the SRA’s slum development schemes, potentially leading to the loss of their larger homes.

The controversy centres on the implications of such a classification. Under the slum redevelopment scheme, inhabitants are entitled to government-provided tenements of only 300 square feet. This is a far cry from the current homes, some of which are substantial, including villas. The residents’ concerns are further compounded by the potential for encroachment on gaothan lands historic villages that are a significant part of Mumbai’s urban fabric. Many believe that classifying these gaothans as slums would pave the way for land grabs and encroachment, stripping the community of its heritage.

In response to the notice, local advocacy groups have called for immediate action to have the survey cancelled and for the recognition of the village as a protected gaothan. They argue that there are over 180 such settlements within Mumbai that deserve demarcation to safeguard against future encroachment. Critics of the survey have also pointed to earlier similar attempts to categorise other gaothans, such as the Chimbai Gaothan in Bandra, which were successfully thwarted by vigilant residents.

As tensions rise, residents of Kurla Christian Village and their supporters continue to push for the immediate demarcation of their settlement, hoping to preserve both their homes and their heritage. This ongoing struggle raises important questions about the balance between urban redevelopment and the preservation of Mumbai’s historic communities.

DP World Launches Women-Led Shifts in Logistics

Logistics

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March 8, 2025

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DP World Launches Women-Led Shifts in Logistics

DP World, a global leader in smart supply chain solutions, has taken a significant step towards fostering gender equality in the logistics industry by introducing women-led shifts at its warehouse operations in India. Following a successful pilot project last year in Gujarat, the initiative is now being expanded to Rajasthan, with plans to extend it further to other regions including Bihar and Uttar Pradesh.

This move, which was first implemented at a sorting facility in Gujarat for a leading e-commerce brand, has shown remarkable results. The all-women team, tasked with sorting, scanning, and categorising packages, has not only maintained operational efficiency but has also significantly boosted productivity. The model has been so successful that DP World is keen to replicate it across its operations in India. The initiative has already led to increased job opportunities for women in the traditionally male-dominated logistics sector. Currently, women make up over 14% of DP World’s logistics workforce in India, and the company is actively working to increase this representation in the coming years.

The growing participation of women in the workforce is credited with driving higher efficiency levels, with productivity nearly doubling in the Rajasthan warehouse. To support this initiative, DP World offers comprehensive induction and training programmes for all employees. These training sessions cover essential areas like operational procedures, material handling, safety protocols, and the use of technology, ensuring that the women in these roles are equipped with the skills necessary to succeed and thrive.

In addition to empowering women in the workforce, DP World’s commitment to creating a safer and more inclusive work environment also aligns with its broader sustainability and growth goals. The company is striving to shape a future that embraces adaptability, promotes equity, and delivers long-term, sustainable development within its operations.
This innovative approach by DP World not only supports gender equality but also demonstrates how inclusive practices can drive better business results.

As the initiative continues to grow, it is set to redefine the landscape of the logistics industry in India, offering new opportunities for women and contributing to the development of a more equitable society.

Godrej Properties Launches India First 3D-Printed Villa in Pune

Kurla Christian Village Rejects Slum Label Proposal

DP World Launches Women-Led Shifts in Logistics

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