Puravankara Prepares Multi City Housing Rollout From ₹1.4 Crore
Mumbai Metro Line 9 Set to Alter Housing Momentum in Northern Suburbs
Mumbai’s expanding metro network is set to cross a crucial milestone as Metro Line 9 prepares for partial operations in the Dahisar–Mira-Bhayandar belt, marking the first time this densely populated suburban corridor will receive direct rapid transit access. Safety clearance for the initial stretch has been secured, and transport authorities are preparing for limited public operations in the coming weeks. The development matters not only for daily commuters but also for how growth, housing demand and urban form may evolve in the city’s northern edge.
The first operational segment, spanning a short but strategic section between Dahisar and Kashigaon, connects residential neighbourhoods that have long depended on overcrowded roads and suburban rail services. For residents, this translates into shorter and more predictable travel times, particularly for trips towards employment hubs along the western corridor. For the city, it signals a gradual shift towards a more balanced, rail-led mobility system that can reduce pressure on road infrastructure and lower per-capita transport emissions. Urban transport planners point out that Mumbai Metro Line 9 functions as an extension rather than a standalone project. By linking into the existing east–west metro corridor, the line integrates peripheral suburbs into the wider metropolitan economy. This network effect is critical for areas such as Mira-Bhayandar, which have seen rapid population growth without a commensurate upgrade in high-capacity public transport.
The real estate market has responded even before trains begin running. Property consultants and housing analysts report a rise in enquiries for projects located near proposed stations, particularly in emerging pockets that were previously considered distant from Mumbai’s core. Improved connectivity has altered how homebuyers evaluate these locations, with accessibility now competing with price and unit size as a key decision factor. Over time, this could help redistribute housing demand away from saturated central suburbs. Beyond housing, planners expect the corridor to encourage more compact, transit-oriented development. Mixed-use precincts around stations can support local jobs, services and walkable neighbourhoods, reducing the need for long commutes. Such patterns are increasingly seen as essential for building climate-resilient cities, where daily needs are met closer to home and reliance on private vehicles is minimised.
However, the phased nature of the launch also highlights unfinished challenges. Full benefits will depend on timely completion of remaining stations, last-mile connectivity, and integration with buses, cycling infrastructure and pedestrian access. Urban policy experts caution that without careful planning, rising land values near stations could also intensify affordability pressures. As Mumbai Metro Line 9 advances towards full commissioning, its early impact offers a preview of how transport investments can reshape both markets and everyday life. The coming months will test whether this infrastructure catalyst delivers inclusive mobility and sustainable growth for one of the region’s fastest-growing suburban corridors.
Mumbai Metro Line 9 Set to Alter Housing Momentum in Northern Suburbs
Gajra Group Plans ₹300-Crore Technology-Integrated Housing Project in Navi Mumbai’s Kharghar
Gajra Group has announced plans to invest ₹300 crore in a technology-integrated residential project in Kharghar, Navi Mumbai, marking the developer’s strategic entry into high-technology housing as the region witnesses accelerated infrastructure-led growth.
The proposed development will be located in Kharghar’s emerging business corridor, increasingly referred to within the real estate industry as BKC Two, reflecting its growing importance as a commercial and residential extension of Mumbai’s established business districts. The investment comes amid significant infrastructure upgrades in Navi Mumbai, including the upcoming international airport, metro rail expansion, and improvements to arterial road connectivity. These developments have enhanced access to Kharghar and strengthened its appeal among professionals, end-users, and long-term investors.
According to the company, the project will incorporate advanced building systems, digital infrastructure, and efficiency-driven design, aimed at improving long-term operational performance and adaptability. The development is expected to cater to homebuyers seeking organised residential supply near emerging employment hubs. “Navi Mumbai is evolving into a multi-nodal urban economy, and Kharghar is emerging as a key part of that growth,” said Tirth Gajra, Director, Gajra Group. “Our ₹300-crore investment reflects a long-term view on infrastructure-led demand and the increasing relevance of future-ready housing.”
Bhavik Gajra, Director, Gajra Group, said the project planning is focused on construction quality, technology integration, and lifecycle efficiency. “As infrastructure matures, buyers are evaluating homes not just on location, but on efficiency, intelligent systems, and everyday functionality,” he said. Real estate analysts note that residential demand in Navi Mumbai has remained steady, supported by relatively affordable pricing compared to Mumbai, improving connectivity, and gradual expansion of commercial activity. Locations with proximity to transport nodes and office clusters have seen sustained buyer interest.
The Kharghar investment aligns with a broader trend of developers allocating capital selectively in Navi Mumbai to projects that combine infrastructure advantage with technology differentiation, as the region transitions toward decentralised urban growth. Established over two decades ago, Gajra Group has completed more than 65 residential and commercial projects across Navi Mumbai, Thane, and Mumbai, and has a homeowner base exceeding 5,000 customers.
Gajra Group Plans ₹300-Crore Technology-Integrated Housing Project in Navi Mumbai’s Kharghar
Raymond Realty Launches Luxury Wadala Residential Project
Mumbai-based Raymond Realty has launched a major residential redevelopment in Wadala, signalling a strategic expansion into Mumbai’s emerging urban corridors. The 5.62-acre project, provisionally valued at ₹5,000 crore, will introduce high-rise luxury apartments alongside an integrated lifestyle ecosystem, marking a notable investment in the city’s urban residential growth.
The development comprises 31-storey towers featuring 2 and 3 BHK units. Complementing residential space, the project incorporates approximately 10,500 sq ft of high-street retail, a 1.7 lakh sq ft recreational zone, and a 45,000 sq ft clubhouse. Planned amenities include swimming pools, sports courts, wellness zones, and social spaces, reflecting a shift in urban housing towards multi-functional, community-oriented environments. Industry analysts observe that such integrated developments cater to evolving lifestyle preferences while enhancing the long-term asset value of the micro-market. Connectivity and location remain key drivers for Wadala’s growing residential appeal. Positioned near the Eastern Freeway, the Mumbai Trans Harbour Link (MTHL), and future Metro Lines 4 and 11, the project offers efficient access to BKC, Lower Parel, and South Mumbai commercial hubs. Urban planners note that proximity to multi-modal transport networks not only supports commuter convenience but also underpins sustainable urban mobility by reducing reliance on private vehicles.
Residential trends in Wadala underscore the micro-market’s rising prominence. Over the past five years, property prices have appreciated by around 20%, with average rates approaching ₹27,000 per sq ft. This growth is underpinned by the area’s central location, connectivity advantages, and availability of lifestyle amenities, including schools, healthcare, retail, and commercial centres. Analysts suggest that such appreciation signals both steady demand and the potential for long-term investment returns. From a regulatory perspective, the project has received RERA approval, ensuring compliance with statutory norms and offering transparency for prospective buyers and investors. Senior officials in real estate note that RERA certification is increasingly influencing buyer confidence in Mumbai’s luxury segment, particularly in high-value redevelopments that integrate housing with community infrastructure.
Looking ahead, the Wadala redevelopment exemplifies the convergence of high-quality urban housing, strategic connectivity, and lifestyle-oriented planning. For city authorities and developers, projects of this scale provide a blueprint for densifying urban zones responsibly while meeting evolving expectations of residents and investors. Observers indicate that sustaining these trends will require careful balance between construction activity, environmental compliance, and the equitable provision of civic amenities to support growing populations.
Raymond Realty Launches Luxury Wadala Residential Project
MHADA Opens Applications For Transit Camp Residents
MHADA has initiated a critical online application drive for transit camp residents in Mumbai, aimed at allotting reconstructed or redeveloped tenements to eligible original tenants or their legal heirs. The Mumbai Building Repairs and Reconstruction Board (MBRRB), under MHADA, will accept applications starting 27 January, with the submission window closing at 11:59 PM on 15 February. The move is expected to impact thousands of residents who have been awaiting permanent housing following the redevelopment or partial reconstruction of cessed buildings.
This process prioritises citizens displaced due to structural dilapidation, narrow plots, or urban infrastructure projects such as road widening, where redevelopment of their original tenements has proven unfeasible. Urban planners note that providing formal housing solutions for displaced populations aligns with sustainable and inclusive city planning objectives, mitigating informal settlements while reinforcing social equity. Eligible applicants include original tenants or heirs who have not previously received permanent allotments in reconstructed or redeveloped buildings and are currently residing in MHADA transit camps. Authorities emphasise that the selection will be merit-based, adhering to the provisions outlined in the MHADA Act, 1976, associated 1981 regulations, and updated government and MHADA policies. A senior official highlighted that this framework ensures transparent and accountable allocation of limited urban housing resources, reflecting both legal compliance and civic responsibility.
The registration process is fully digital. Residents can register at masterlist.mhada.gov.in or via the Citizen Corner on www.mhada.gov.in. Applicants are required to preserve login credentials, complete the application following on-screen guidelines, and submit all relevant information online. After submission, candidates must provide self-attested hard copies of uploaded documents to MHADA Headquarters at Kalanagar, Bandra (East), accompanied by original records during verification hearings. This dual-step process ensures documentation integrity and eligibility verification while reducing administrative bottlenecks. Housing analysts observe that such initiatives are increasingly significant in Mumbai’s urban context, where high population density, limited redevelopment opportunities, and historical displacement pose ongoing challenges for equitable housing delivery. By integrating digital registration with structured merit-based allotment, MHADA aims to expedite permanent housing solutions while maintaining compliance with statutory provisions.
Looking forward, this programme could serve as a benchmark for future urban redevelopment schemes, balancing infrastructural constraints, resident rights, and sustainable urbanisation. Ensuring timely and transparent allotments will be critical to maintaining social stability and promoting inclusive growth in Mumbai’s dense metropolitan landscape.
MHADA Opens Applications For Transit Camp Residents
MahaRERA Rejects Possession Claims Without Agreements
MahaRERA has reinforced the legal requirement that only investors with formally executed and registered sale agreements can seek relief for delayed possession in residential projects. The ruling emerged from multiple complaints against a stalled development near Mumbai, signalling the authority’s strict adherence to statutory safeguards under the Real Estate (Regulation and Development) Act, 2016.
The regulatory body observed that most complainants had submitted investment documents identifying them merely as “investors,” rather than as purchasers or allottees with contractual rights. Without registered agreements or allotment letters, MahaRERA concluded that the complaints could not be addressed under Section 18 of the Act, which specifically governs compensation claims arising from delayed possession. A senior official from the authority emphasised that legally recognised agreements form the foundation for enforceable buyer protection. Urban real estate analysts note that the decision highlights the critical distinction between financial participation and legal entitlement. While investment documents may indicate intent or financial exposure, they do not establish the legal rights necessary to trigger statutory remedies. This clarification is particularly important in high-demand metropolitan markets such as Mumbai, where informal pre-launch investments are common.
The ruling also signals broader implications for developers and brokers. By distinguishing registered allottees from passive investors, MahaRERA incentivises transparency and discourages informal practices that can create disputes or undermine market credibility. Legal experts suggest that projects adopting clear allotment and registration procedures reduce exposure to regulatory penalties while maintaining investor trust. From a city governance perspective, the order underscores the role of regulatory clarity in sustainable urban development. As Mumbai continues to expand, ensuring that property transactions are backed by formal agreements protects buyers, promotes accountability among developers, and strengthens market stability. Urban planners highlight that compliance with documentation standards is essential to mitigate disputes, enhance housing market efficiency, and support equitable urban growth.
Looking ahead, the decision is likely to influence future residential project design and investor engagement. Developers may prioritise early registration of sale agreements, while buyers may exercise greater scrutiny over contractual documentation before committing funds. The ruling thereby reinforces the importance of legal compliance as a cornerstone of responsible and sustainable urban real estate development.
MahaRERA Rejects Possession Claims Without Agreements
Pune Housing Report Reveals Premium Segment Surge
Pune’s residential property market continues to demonstrate robust demand despite a slowdown in new project launches, according to the latest Pune Housing Report 2025. The city recorded approximately 81,000 home sales last year, outpacing new supply, which stood at around 64,000 units. This 26% gap between demand and availability highlights both the city’s enduring housing appeal and the pressure on developers to match rising buyer expectations.
The report, compiled using actual IGR-registered sale deeds of newly sold homes, estimates Pune’s residential transactions at over ₹63,000 crore in 2025. This reflects a near 19% growth in unit sales and a 71% increase in transaction value since 2021, signalling a clear trend towards larger homes and higher-value properties. Experts suggest that this shift is indicative of evolving urban aspirations, where buyers are seeking more spacious residences and premium amenities within the city. Premium housing segments have emerged as a significant driver of growth. Over 14,000 units priced between ₹1 crore and ₹2 crore were sold in 2025, alongside more than 3,300 homes exceeding ₹2 crore. Compared with 2021, sales in the ₹1–2 crore segment have nearly quadrupled, while units above ₹2 crore have almost tripled. This trend reflects growing investor confidence and an increasing willingness among homebuyers to invest in quality, long-term housing assets.
Despite these gains, Pune remains one of India’s most affordable major urban markets. The city’s average home price of ₹78 lakh is markedly lower than other metros such as Mumbai (₹2.24 crore), Bengaluru (₹1.71 crore), and Hyderabad (₹1.98 crore), allowing a large proportion of buyers to access quality housing. Around 78% of homes sold were priced below ₹1 crore, although sales growth in the sub-₹50 lakh and sub-₹75 lakh categories moderated, indicating a gradual shift toward mid- and upper-tier housing. The report also notes evolving housing preferences. The share of 3- and 4-BHK units has grown from 20% to 29%, while 1-BHK sales declined from 18% to 11%, leading to a 17% increase in the average size of newly launched homes over five years. Supply-side constraints, including temporary delays in environmental approvals and project demarcations across Pune Municipal Corporation, PCMC, and adjoining areas, impacted new launches.
Pune continues to lead in regulatory transparency and developer confidence, consistently recording the highest number of MahaRERA-registered projects and agents nationally. Urban planners and industry analysts argue that such regulatory oversight, coupled with robust demand and premiumisation trends, positions Pune as a key growth hub for sustainable, inclusive, and economically resilient housing development in India.
Pune Housing Report Reveals Premium Segment Surge
CREDAI-MCHI Launches Platform For Young Real Estate Leaders
Mumbai has taken a step forward in fostering leadership within the real estate sector as CREDAI-MCHI hosted its inaugural ‘The BOLD – Builders of Legacy & Dreams’ event at the Jio World Convention Centre, BKC. The high-profile gathering convened emerging developers and young entrepreneurs under 40, spotlighting first-generation innovators alongside second-generation leaders shaping family-run enterprises. This initiative reflects the body’s broader agenda to cultivate thought leadership, sustainable urban growth, and professional excellence in the Mumbai Metropolitan Region.
Structured as both a recognition and mentorship platform, ‘The BOLD’ aims to nurture the next generation of real estate professionals capable of integrating innovation, economic responsibility, and social impact into their projects. By focusing on youth, CREDAI-MCHI underscores the sector’s evolving priorities, which now extend beyond physical construction to urban design, community wellbeing, and environmental stewardship. Industry observers note that the event highlights a shift in Mumbai’s real estate ecosystem, where young developers are increasingly expected to balance legacy management with modern approaches to sustainability and inclusive urban development. A senior official from CREDAI-MCHI remarked that initiatives such as these are critical to preparing the sector for long-term economic growth while reinforcing responsible urban expansion.
The evening featured two distinct recognition categories. ‘The BOLD Debutant’ celebrated first-generation entrepreneurs demonstrating early success, innovative design thinking, and disciplined business strategy. Parallelly, ‘The BOLD Legacy Leaders’ honoured second-generation developers leading established businesses, integrating strategic vision with innovation, and ensuring continuity of family enterprises while embracing modern urban practices. Such recognition promotes accountability, excellence, and thought leadership in a sector that significantly impacts Mumbai’s urban landscape. In addition to awards, the event fostered dialogue on sustainable and inclusive real estate development. Panels and discussions encouraged young leaders to explore opportunities in climate-resilient construction, gender-inclusive design, and equitable urban growth. Urban planners and financial analysts emphasised the need for youth-led initiatives to address challenges such as housing affordability, infrastructure constraints, and environmental pressures.
Looking ahead, CREDAI-MCHI’s platform serves as a strategic instrument to influence Mumbai’s built environment positively. By highlighting the contributions of next-generation developers, the organisation ensures that the city’s urban future remains adaptive, economically resilient, and socially inclusive, reinforcing its commitment to responsible real estate development and the broader vision of sustainable city-building.
CREDAI-MCHI Launches Platform For Young Real Estate Leaders
GAP Group Appoints Blocher Partners as Architectural Design Consultant for Township Project ‘Akhilam’ in Dholera SIR
A major integrated township planned within Gujarat’s Dholera Special Investment Region (SIR) has entered a new design phase, signalling how India’s first greenfield smart industrial city is steadily attracting global urban planning expertise. A western India–based infrastructure and real estate developer has appointed an international architectural design consultancy to shape the next stage of its flagship mixed-use township in Dholera, underscoring rising expectations around design quality, sustainability, and long-term urban resilience in emerging industrial regions.
The appointment is significant not merely for the project itself, but for what it reflects about Dholera’s evolution. Conceived as a future-ready industrial and urban corridor along the Delhi–Mumbai Industrial Corridor, Dholera SIR is increasingly positioning itself as a testbed for integrated city-making rather than piecemeal real estate growth. Industry observers note that the inclusion of overseas architectural expertise marks a shift from cost-led development towards globally benchmarked urban outcomes. Planned across more than 40 million square feet of built area, the township is being developed in phases and is designed to combine residential neighbourhoods, commercial districts, hospitality assets, and social infrastructure within a single planning framework. Early construction work is already underway on a residential component featuring compact studio homes aimed at supporting the region’s future workforce. The next phase, covering several lakh square feet, is expected to begin shortly, with the overall development timeline extending to the end of the decade.
Urban planners familiar with the project say the design mandate focuses on optimised land use, walkability, climate-responsive buildings, and efficient utility planning—critical considerations in a region expected to see rapid population and employment growth. Dholera’s planning framework emphasises renewable energy integration, water recycling, and digital infrastructure, making architectural coordination essential rather than cosmetic. The township’s progress is closely tied to the broader industrial momentum building in Dholera SIR. Large-scale manufacturing investments, including semiconductor fabrication, renewable energy equipment production, and advanced engineering facilities, are already reshaping the region’s economic profile. Government projections suggest the area could generate over a lakh jobs within the next decade, creating demand for well-planned housing, commercial services, and civic amenities.
Real estate analysts point out that integrated townships in emerging industrial cities often determine whether such regions mature into liveable urban centres or remain purely employment zones. The success of projects like this one will depend on how effectively housing, mobility, public spaces, and services are aligned with workforce needs, affordability thresholds, and environmental constraints. As Dholera’s infrastructure—ranging from expressway links and an upcoming airport to advanced utility networks—moves closer to completion, attention is increasingly shifting to the quality of urban form that will emerge alongside industrial growth. For policymakers, developers, and residents alike, the township’s design-led approach may offer early signals of how India’s next generation of planned cities could balance economic ambition with inclusive and climate-conscious urban development.
GAP Group Appoints Blocher Partners as Architectural Design Consultant for Township Project ‘Akhilam’ in Dholera SIR
KONE Introduces Compact Home Lift For Indian Housing Market
