Omaxe Unveils Scaled Vision for Ludhiana Commercial Hub
NCLT Clears ₹919 Crore Hotel Horizon Takeover by Oberoi Realty
A key insolvency resolution in Mumbai’s high-value coastal corridor has moved into its final phase after the city bench of the National Company Law Tribunal approved a consortium-led acquisition of a long-pending hospitality asset in Juhu. The order clears the way for the transfer of ownership of a company holding a sizeable seafront land parcel, unlocking redevelopment potential in one of the city’s most tightly regulated and environmentally sensitive zones.
The approval marks an important moment in Mumbai’s corporate insolvency landscape, demonstrating how stalled urban assets can be reintroduced into the city’s development pipeline through structured resolution mechanisms. Industry experts note that such outcomes are increasingly shaping land supply in mature neighbourhoods where greenfield development is no longer an option. Under the sanctioned plan, a real estate–led consortium, supported by a financial services arm, will acquire full ownership of the asset-holding company as part of a comprehensive settlement valued at over ₹900 crore. The payment, to be completed within a defined timeline, covers equity acquisition and the resolution of creditor claims, bringing closure to a prolonged insolvency process.
The underlying asset comprises approximately 7,500 square metres of land in Juhu, a neighbourhood known for its coastal ecology, premium housing stock and limited development headroom. Urban planners point out that land parcels of this scale are rarely available in the western suburbs, making insolvency-led transfers a critical channel for urban renewal when aligned with planning norms and coastal regulations. As part of the implementation framework, a monitoring committee has been constituted to oversee the transition period until the formal transfer of control. The committee includes representatives of the acquiring consortium, creditor-appointed members and the resolution professional, ensuring continuity of operations and regulatory compliance during the handover phase. Once the transfer is complete, full management control will rest with the new owners.
From a governance perspective, disclosures made to the stock exchanges clarify that the transaction does not involve related parties, reinforcing transparency standards that have become central to India’s insolvency regime. Analysts say such safeguards are essential in maintaining confidence among lenders and investors, particularly in high-value urban land transactions. Beyond balance sheets, the resolution carries wider implications for Mumbai’s urban future. Coastal neighbourhoods like Juhu face growing pressure to balance redevelopment with climate resilience, infrastructure capacity and public access. Any future use of the site will be subject to stringent environmental clearances, height restrictions and sustainability norms, shaping how private capital aligns with public interest in fragile urban ecosystems.
For the city, the deal highlights how insolvency processes can help recycle underutilised land back into productive use without expanding the urban footprint. As Mumbai grapples with housing shortages, ageing hospitality stock and climate risks along its coastline, the focus will now shift to how responsibly such prime assets are redeveloped — and whether they contribute to a more resilient, inclusive and efficiently planned urban fabric.
NCLT Clears ₹919 Crore Hotel Horizon Takeover by Oberoi Realty
MHADA Prepares Major Mumbai Housing Draw
Mumbai’s public housing pipeline is set for a significant expansion, with the state housing authority preparing to place nearly 5,000 homes on the market through an upcoming lottery expected later this year. The move comes at a time when housing affordability, delayed supply and redevelopment-led regeneration remain central challenges for India’s most land-constrained city.
Internal groundwork for the lottery has already begun within the Mumbai housing board, which is finalising a consolidated inventory of homes across multiple locations in the city. This process, involving internal approvals and project vetting, is a critical step before the formal announcement and application window are opened. Once launched, applications are expected to remain open for several weeks, with the draw likely scheduled in late summer. Nearly half of the homes proposed for the lottery are expected to originate from a large redevelopment project in Goregaon West, marking one of the biggest single-project contributions to a public housing draw in recent years. A majority of these units are planned for low- and middle-income households, reinforcing the authority’s mandate to improve access to formal housing for economically vulnerable groups within the city limits.
However, many of the homes across the lottery pool are part of under-construction developments, some still at early stages of execution. As a result, possession timelines for several projects are expected to extend beyond 2028. Urban housing experts note that while delayed delivery is a concern, offering homes tied to future supply helps stabilise long-term affordability in a market dominated by private-sector pricing. The Goregaon redevelopment project, which has faced prolonged delays in the past, has now secured key statutory approvals, enabling construction to move forward. Planned high-rise towers are expected to add substantial density within an established suburban corridor already served by rail, road and social infrastructure. Planners point out that redevelopment-led densification, when aligned with transport access, supports more sustainable urban growth than outward expansion.
Beyond Mumbai, the housing authority’s regional board is also preparing a separate draw, signalling a broader push to unlock public housing stock across the metropolitan region. Historically, such lotteries have attracted overwhelming demand, reflecting the deep mismatch between income levels and market housing prices in the Mumbai Metropolitan Region. The authority had earlier explored launching the draw during the festive season but deferred the exercise amid administrative and political considerations. With preparations now underway, officials expect the upcoming lottery to restore momentum to public housing delivery after a relatively subdued period.
Looking ahead, housing policy analysts argue that consistent, predictable lotteries — combined with faster project execution — are essential to strengthening trust in public housing systems. As Mumbai grapples with rising rents, climate risks and redevelopment pressures, timely delivery of inclusive, well-located homes will play a decisive role in shaping a more equitable and resilient urban future.
MHADA Prepares Major Mumbai Housing Draw
Suraj Estate Records Strong Q3 And Nine Month Performance
A Mumbai-based real estate developer with a long-standing focus on South Central Mumbai has reported its strongest operational performance to date for the third quarter and the first nine months of the ongoing financial year, driven largely by renewed traction in the commercial property segment. The performance underscores how targeted redevelopment-led growth and carefully timed commercial launches are reshaping older urban precincts into economically productive districts.
During the December quarter, the developer recorded rapid sales momentum from a newly launched Grade A commercial project in South Central Mumbai. Within weeks of launch, a significant portion of the available commercial space was absorbed, signalling sustained occupier demand in established city zones where new supply remains limited. Urban planners note that such projects help decentralise business activity from overcrowded central business districts while reducing long-distance commuting. Over the nine-month period, overall sales area expanded sharply on a year-on-year basis, supported by a higher contribution from commercial assets alongside steady residential absorption. Sales value growth outpaced market averages, reflecting a balanced portfolio strategy that aligns office demand with premium housing in redevelopment-heavy neighbourhoods. Industry analysts point out that mixed-use redevelopment in land-constrained cities like Mumbai offers stronger long-term resilience compared to single-segment projects.
The company also strengthened its future development pipeline by securing additional land parcels in a western Mumbai suburb, a move expected to support phased residential launches over the coming years. These acquisitions are located in areas with established transit access and social infrastructure, allowing incremental densification without placing disproportionate pressure on civic services. Urban policy experts highlight that such infill development, when paired with infrastructure upgrades, is critical for sustainable city growth. Operationally, collections during the nine-month period remained stable, reflecting continued buyer confidence despite broader market caution. The developer’s focus on tenant-led redevelopment — a complex but necessary process in Mumbai’s older neighbourhoods — has enabled the unlocking of underutilised land while ensuring continuity for existing communities. This approach supports inclusive urban regeneration by combining housing renewal with commercial value creation.
Beyond financial metrics, the performance also reflects a broader shift in Mumbai’s real estate dynamics. As infrastructure investments and transit-led planning reshape commuting patterns, demand for well-located commercial spaces closer to residential clusters is rising. Sustainable redevelopment in inner-city areas reduces urban sprawl and supports lower per-capita carbon footprints by shortening daily travel distances. Looking ahead, market observers expect redevelopment-focused developers to play a growing role in Mumbai’s next phase of urban transformation. With limited greenfield land available, the ability to modernise ageing precincts while balancing residential, commercial and civic needs will be central to building a more resilient and economically inclusive city.
Suraj Estate Records Strong Q3 And Nine Month Performance
Godrej Plans Large Housing Development In Pune Mahalunge
A large-scale residential development is set to take shape in Pune’s western growth corridor after a listed real estate developer secured an 8.5-acre land parcel in Mahalunge, signalling continued long-term confidence in the city’s housing market despite near-term demand moderation. The proposed project, with a projected revenue potential of around ₹2,000 crore, is expected to add significant supply to one of Pune’s fastest-evolving residential micro-markets.
The land parcel is located within the Mahalunge–Maan–Nande belt, part of the broader Mahalunge–Hinjewadi zone that has emerged as a critical interface between residential neighbourhoods and major employment hubs. Urban planners note that the area benefits from its proximity to the Hinjewadi–Balewadi corridor, a key technology and financial services cluster, while also gaining from planned regional infrastructure such as the upcoming Pune Inner Ring Road. According to regulatory disclosures, the housing project is planned with a development potential of about 2.1 million sq ft. Industry experts say this scale reflects a shift towards larger, master-planned residential communities that integrate housing with access to schools, healthcare, and everyday services, reducing travel demand and supporting more sustainable urban living patterns.
The Mahalunge location has gained prominence in recent years due to improved road connectivity and the presence of established social infrastructure, including educational institutions and neighbourhood retail. Market analysts point out that such factors are increasingly influencing end-user homebuyers, who are prioritising liveability, commute efficiency, and long-term value over speculative gains. The acquisition comes at a time when Pune’s residential market is undergoing a phase of consolidation. Data from property market analysts indicates that housing sales in the city saw a modest year-on-year decline in 2025, reflecting price sensitivity and selective buying behaviour following several years of strong post-pandemic growth. New project launches have also moderated, suggesting a more cautious supply pipeline aligned with realistic absorption levels.
Despite this slowdown, registration volumes in Pune district remained robust, and stamp duty collections edged up marginally, underlining the resilience of end-user demand. Real estate consultants say well-located projects in employment-linked corridors such as Mahalunge continue to attract interest from salaried professionals and families seeking stable, long-term housing solutions. From an urban development perspective, large residential projects in growth corridors raise important considerations around infrastructure capacity, public transport integration, and environmental management. Urban experts stress the need for such developments to align with climate-resilient planning, efficient water use, and walkable neighbourhood design to avoid repeating patterns of sprawl.
As Pune continues to expand westward, projects in the Mahalunge micro-market are likely to shape the next phase of the city’s residential growth. How effectively these developments integrate with regional infrastructure and civic services will determine whether they contribute to a more balanced, inclusive, and sustainable urban future.
Godrej Plans Large Housing Development In Pune Mahalunge
India Urban Policy Turns From Scale To Ease
New Delhi — India’s latest Economic Survey has placed urban liveability at the centre of future city planning, signalling a strategic shift away from expansion-driven growth towards improving everyday quality of life. The policy document argues that as India urbanises rapidly, the success of its cities will depend less on size and speed of construction, and more on how easily residents can access jobs, housing, transport and essential services. The message carries implications for urban governance, infrastructure investment and real estate development nationwide. The Survey highlights that Indian cities are projected to absorb millions of new residents over the coming decades, intensifying pressure on land, water, energy and mobility systems. Rather than encouraging outward sprawl or isolated mega-projects, it calls for compact, efficient urban form supported by reliable public transport, walkable neighbourhoods and mixed-use development. Urban economists note that such an approach can reduce commuting time, lower household costs and improve workforce productivity — all critical to sustaining economic growth.
A recurring theme in the Survey is the need to align infrastructure spending with citizen outcomes. Transport networks, housing supply and digital services are framed not as standalone assets but as enablers of participation in urban economies. Senior officials involved in the Survey’s preparation emphasise that poorly planned cities impose hidden costs through congestion, health impacts and lost working hours, undermining the very growth they aim to generate. For the real estate sector, the analysis suggests a recalibration of priorities. Instead of peripheral expansion dependent on private vehicles, the Survey points towards demand for well-connected, service-rich locations within existing urban footprints. Industry experts observe that this could influence land valuation, development density norms and investment flows, particularly in metropolitan regions where infrastructure deficits have become binding constraints.
Climate resilience is woven into the urban narrative, with the Survey noting that heat stress, flooding and air pollution disproportionately affect dense, low-income neighbourhoods. Integrating green spaces, climate-responsive building design and resilient utilities is presented as both a social and economic necessity. Urban planners argue that embedding resilience into everyday infrastructure is more cost-effective than post-disaster response, especially as climate risks intensify. The Survey also flags governance capacity as a decisive factor. Empowering city governments with predictable finances, technical expertise and planning authority is seen as essential to translating policy intent into on-ground outcomes. Without stronger municipal institutions, even well-designed urban strategies risk uneven implementation.
As India’s urban population grows, the Economic Survey’s reframing offers a clear signal to policymakers and markets alike: future cities will be judged not by how big they become, but by how well they function for the people who live and work in them. The challenge ahead lies in turning this principle into coordinated action across housing, transport, energy and land use systems.
Also Read: LML Realty Develops Integrated Industrial Ecosystem
India Urban Policy Turns From Scale To Ease
BEE Building Framework Links Efficiency With Clean Power
New Delhi — India’s building energy regulator has revised its national construction framework in a move that could significantly alter how commercial buildings consume and generate power. The updated building energy code introduces clearer pathways for integrating onsite renewable energy, particularly rooftop solar, into offices, malls, hospitals and institutional buildings. The shift matters as cities face rising electricity demand, tightening climate targets and increasing pressure to decarbonise the built environment without slowing economic growth. The revised framework, issued by the national energy efficiency authority, applies to new commercial buildings and major retrofits above a defined connected load. While energy efficiency has long been central to the code, the latest version places stronger emphasis on reducing overall energy demand before meeting part of that demand through clean power generation. For developers and building owners, this reframes solar adoption from a voluntary sustainability feature to a core compliance strategy.
Urban energy experts note that commercial buildings account for a disproportionate share of peak electricity demand in Indian cities, driven by cooling, lighting and digital infrastructure. By linking performance benchmarks with renewable integration, the code encourages building designs that reduce grid dependence during high-stress periods. This has implications not only for emissions reduction but also for grid stability in fast-growing urban regions. Industry analysts point out that the framework does not mandate solar installation outright. Instead, it sets performance thresholds that are easier to achieve when onsite renewable energy is deployed. This approach offers flexibility across building typologies and geographies while nudging the market towards solar through cost and compliance logic rather than enforcement. Over a building’s lifecycle, lower operating costs and improved energy ratings could also enhance asset value in a market increasingly sensitive to environmental performance.
For cities, the revised code aligns building regulation with broader climate resilience goals. Distributed solar generation can reduce transmission losses, improve energy security during extreme weather events and support local employment in installation and maintenance. Urban planners argue that embedding such outcomes within building approvals is more effective than relying solely on standalone renewable policies. However, challenges remain. Developers highlight the need for clearer guidance on rooftop availability, structural readiness and coordination with local distribution companies. Financing access for smaller developers and retrofit projects is another concern, particularly outside top metropolitan markets. Officials involved in urban governance acknowledge that enforcement capacity at the municipal level will be critical to translating the code’s intent into measurable outcomes.
As India’s commercial real estate sector continues to expand, the revised energy code signals a gradual recalibration of how buildings are planned, valued and regulated. The next phase will depend on how cities integrate these standards into approval processes and whether supporting infrastructure — from skilled labour to responsive power networks — evolves in step with policy ambition.
Also Read: Andhra Pradesh Cabinet Clears PMAY Housing Funding Push
BEE Building Framework Links Efficiency With Clean Power
Andhra Pradesh Cabinet Clears PMAY Housing Funding Push
The Andhra Pradesh Cabinet has cleared a significant financing decision aimed at accelerating affordable housing delivery and allied urban infrastructure across the state. The government has approved a loan guarantee exceeding ₹4,400 crore to enable the state’s township and infrastructure development agency to raise long-term funds for housing construction under the Pradhan Mantri Awas Yojana (PMAY), a move that could materially impact urban housing supply and construction activity over the coming years.
According to officials familiar with the decision, the guarantee will allow the agency to secure institutional borrowing to fund both residential units and essential supporting infrastructure such as internal roads, water supply, drainage, and basic services. The approval comes at a time when states are under pressure to meet PMAY targets while managing fiscal constraints, making credit-backed execution increasingly central to housing delivery. Urban development experts note that such guarantees play a critical role in bridging the gap between central housing schemes and on-ground execution. “Housing programmes are no longer just about building units. They require coordinated investment in urban services, compliance systems, and maintenance capacity,” an urban policy analyst said. The loan-backed approach is expected to smooth cash flows, reduce project delays, and support phased construction across multiple urban centres.
Beyond housing, the Cabinet also approved the restructuring of stalled urban housing works under PMAY (Urban) 1.0, including the cancellation of select tenders linked to incomplete infrastructure projects valued at over ₹200 crore. Officials indicated that this step is intended to reset procurement and execution frameworks to ensure timely completion and better asset quality, particularly in fast-growing towns where partially built infrastructure has become a civic concern. In parallel, the Cabinet took several land and institutional decisions with broader urban and economic implications. Government land has been cleared for transfer to facilitate port-led infrastructure expansion, including road and rail connectivity linked to a major port container complex. Urban planners say such moves underscore the state’s continued focus on integrating logistics infrastructure with industrial growth corridors, though environmental clearances and forest land diversion will require careful oversight.
Social policy measures were also part of the agenda. The Cabinet amended pension rules to allow benefits meant for landless households to be transferred to minor children in cases where both parents are deceased, a change that officials say closes a long-standing welfare gap affecting vulnerable urban families. On the energy front, approval was granted for a special term loan to support power procurement and fuel purchases, reflecting the state’s efforts to stabilise electricity supply amid rising demand and cost pressures. Taken together, the Cabinet’s decisions signal a multi-sector push to combine housing delivery, infrastructure financing, social protection, and economic enablement. For cities and towns across Andhra Pradesh, the effectiveness of these measures will ultimately depend on execution discipline, transparency in land use, and the ability to align housing growth with climate-resilient urban planning.
Andhra Pradesh Cabinet Clears PMAY Housing Funding Push
ANAROCK PMES Brings Girish Roy Into Senior Leadership
ANAROCK Project Management & Engineering Services has strengthened its corporate interiors and workplace solutions operations in western India with a senior leadership appointment, signalling a strategic push to capture rising demand for professionally managed office fitouts across major urban markets. The move comes as businesses reassess workspace design, sustainability benchmarks, and delivery timelines in a post-pandemic commercial real estate landscape.
The newly appointed director will oversee corporate fitout projects across the western region, including Mumbai, Pune, and other emerging office hubs. According to industry observers, this geography has seen a sharp uptick in demand for Grade A office refurbishments and adaptive workplace solutions, driven by hybrid working models, global capability centres, and technology-led occupiers. With nearly two decades of experience in managing large-scale corporate interior projects, the official brings execution-focused expertise spanning design coordination, cost control, sustainability integration, and stakeholder management. Professionals familiar with the sector say such roles are increasingly critical as office fitouts become more complex, requiring closer alignment between developers, occupiers, consultants, and sustainability standards.
Urban planners note that workplace design now plays a broader role in city ecosystems. Efficient interiors can reduce operational energy use, improve indoor air quality, and support employee well-being—factors that directly influence urban carbon footprints and productivity outcomes. Corporate fitout specialists are therefore expected to balance speed of delivery with long-term environmental and social performance. ANAROCK PMES, which operates as the project management and engineering arm of the ANAROCK Group, has been expanding its services in response to changing occupier expectations. Market analysts point out that large occupiers increasingly prefer end-to-end project management partners capable of delivering compliant, future-ready workspaces rather than fragmented vendor-led solutions.
The western region remains a focal point for India’s commercial real estate activity, accounting for a significant share of new office leasing and redevelopment. As older office stock undergoes upgrades to meet global standards, demand for experienced project leadership is expected to grow steadily over the next few years. Industry experts also highlight that corporate fitouts are becoming more people-centric, with greater emphasis on accessibility, flexibility, and gender-neutral design. This shift aligns with broader urban development goals aimed at creating inclusive and resilient cities that support diverse workforces.
From a business perspective, the leadership addition is seen as part of a wider consolidation trend within the project management space, where firms are investing in senior talent to improve delivery certainty and governance. Such moves are likely to influence how commercial interiors are planned and executed in dense urban centres. As India’s office markets evolve, the focus is gradually shifting from rapid build-outs to smarter, more sustainable workplaces. How effectively project management firms integrate these priorities will shape not just office interiors, but also the environmental and economic performance of cities themselves.
ANAROCK PMES Brings Girish Roy Into Senior Leadership
LML Realty Develops Integrated Industrial Ecosystem
