Mumbai Redevelopment To Unlock 44,000 New Homes Worth Rs 1.3 Lakh Crore by 2030
MHADA Launches Online Lottery To Allot 478 Affordable Flats For EWS Buyers In Nashik
Maharashtra Housing and Area Development Authority (MHADA) has announced the sale of 478 flats for Economically Weaker Section (EWS) buyers through a fully digital lottery system. Prices of the units range from Rs 5.48 lakh to Rs 27 lakh, with sizes spanning 215 sq ft to 537 sq ft, catering to small families and individuals seeking cost-effective housing solutions.
The flats are distributed across six Nashik localities, including Gangapur Shivar, Deolali Shivar, Pathardi Shivar, Mhasrul Shivar, Nashik Shivar, and Agar Takli Shivar. Allocation is as follows: 22 units in Deolali Shivar, 50 in Gangapur Shivar, 64 in Pathardi Shivar, 196 in Mhasrul Shivar, 14 in Nashik Shivar, and 132 in Agar Takli Shivar. All properties fall under the 20% Inclusive Housing Scheme, ensuring priority access for genuine EWS applicants. Applications for the lottery opened earlier this week and will continue until October 3, 2025, 11:59 pm. Applicants are required to submit forms via MHADA’s official website or through the MHADA Lottery App, available on Android and iOS platforms. Officials emphasised that MHADA has not appointed any external agents, consultants, or intermediaries, and applicants engaging with third parties do so at their own risk.
This initiative represents the third housing lottery conducted by the Nashik Board in 2025, following earlier rounds that allotted 379 flats, 105 commercial shops, and 32 plots. Earlier this year, MHADA had also announced plans for a large-scale lottery of approximately 5,000 affordable homes in Mumbai, scheduled to coincide with the Diwali season. MHADA officials stated that the lottery system is designed to ensure transparency, fairness, and accessibility, providing genuine EWS applicants with a structured opportunity to secure housing. The focus on online application procedures and digital oversight aims to minimise fraudulent activity while streamlining the process for applicants. Experts note that the move strengthens equitable access to housing in Nashik while promoting a systematic and accountable distribution model.
Housing analysts highlight that the lottery mechanism aligns with broader urban development objectives, including inclusive city growth and sustainable housing provision. By prioritising EWS buyers, MHADA addresses affordability gaps and contributes to creating equitable communities in fast-growing urban regions like Nashik. As Nashik continues to expand as an industrial and residential hub, these initiatives are expected to enhance access to housing for low-income groups, furthering the city’s goals of sustainable and socially inclusive urban development.
MHADA Launches Online Lottery To Allot 478 Affordable Flats For EWS Buyers In Nashik
Agami Realty Expands Mumbai Portfolio With Two Bandra Projects Worth Nine Hundred Fifty Crore
Agami Realty, a prominent real estate developer with over five decades of experience in the Mumbai Metropolitan Region (MMR), has solidified its presence in Mumbai’s luxury residential segment with two landmark redevelopment projects in Bandra. Valued at an estimated Rs 950 crore, these initiatives mark the company’s strategic foray into Mumbai’s high-end property market, combining design innovation, sustainability, and premium living experiences.
The first of the two projects, Agami Eternity in Bandra East, has already achieved a complete sell-out. The development, which recently received its Occupancy Certificate, reflects an emphasis on functional luxury and cultural integration. Designed by internationally recognised architect, the project adheres to a design philosophy that prioritises open, liberating spaces over confined layouts. With apartments scheduled for handover in September 2025, the project will be delivered nearly 19 months ahead of the RERA-mandated completion timeline. Experts highlight that early delivery, coupled with meticulous design, has been pivotal in driving strong market response. In addition to architectural innovation, Agami Eternity integrates local cultural elements. Collaborating with renowned sculptors and curators, the project features bespoke art installations at entrances and curated artworks within the lobbies, reflecting the rich heritage of Kalanagar and adding an experiential dimension to the residences.
The second upcoming Bandra project is an ultra-luxury redevelopment near the historic MIG Cricket Club. This development promises residents unobstructed views of the cricket grounds while combining modern design sensibilities with eco-conscious building practices. It represents a joint redevelopment initiative and aims to establish new benchmarks for premium residential living in Mumbai. Financial backing for both projects has been secured from leading banking institutions, demonstrating strong investor confidence in Agami Realty’s vision. Agami Realty’s expansion into Bandra reinforces its commitment to sustainability, technological integration, and high-quality construction. Company officials state that their approach blends aesthetic excellence with environmentally responsible practices, ensuring energy-efficient systems, green building certifications, and thoughtful spatial planning.
With a legacy that began in Boisar, Agami Realty has developed over a million square feet of mixed-use and residential properties, housing more than 2,000 families. Projects such as Agami Sapphire, Agami Emerald, and Rajas Apartments have established the company’s reputation for integrity, innovation, and sustainable development. The Bandra projects mark a continuation of this ethos in Mumbai’s most aspirational neighbourhoods. Through these ventures, Agami Realty is not just creating luxury homes but also fostering communities that celebrate local culture, sustainable living, and design-led experiences, positioning itself as a forward-thinking player in Mumbai’s premium real estate market.
Agami Realty Expands Mumbai Portfolio With Two Bandra Projects Worth Nine Hundred Fifty Crore
Bollywood Actor Tiger Shroff Sells 2189 Sq Ft Khar Luxury Flat For Rs 15.6 Crore
Bollywood actor Tiger Shroff sold his luxury apartment in Khar for Rs 15.6 crore. The 2,189 sq. ft. property, located in the renowned Rustomjee Paramount complex, includes three designated parking spaces and has been registered officially this month on the Inspector General of Registration, Maharashtra website. This sale marks a notable appreciation on the property, originally purchased by the actor in 2018 for Rs 11.62 crore.
Khar remains one of Mumbai’s most sought-after residential neighbourhoods, known for its well-established infrastructure and prime connectivity. The area offers residents seamless access to the Western Express Highway, Bandra Kurla Complex, Lower Parel, and the upcoming metro corridors, making it highly attractive for homebuyers and investors alike. The sale of Shroff’s apartment underlines the continued demand for premium properties in locations that combine centrality, lifestyle, and connectivity. Experts note that luxury residential sales in Mumbai are witnessing steady growth despite broader market fluctuations. “Properties in established locations like Khar are performing strongly, with buyers seeking spaces that offer both lifestyle advantages and long-term investment security,” said a senior real estate analyst based in Mumbai. The Rustomjee Paramount development, in particular, has emerged as a benchmark for premium living with modern amenities, reinforced security, and well-planned layouts.
Financially, the transaction involved a stamp duty of Rs 93.6 lakh and registration charges of Rs 30,000. Analysis of the deal suggests the actor achieved a significant capital gain over seven years, reflecting the robust appreciation trends in prime Mumbai residential properties. Such transactions demonstrate that high-end residential real estate continues to serve as a lucrative investment avenue for celebrities and affluent professionals. From a lifestyle perspective, the sale also reflects the mobility patterns of high-profile residents who frequently re-evaluate their real estate portfolios to align with evolving personal and professional priorities. Officials note that luxury apartment buyers often consider factors such as proximity to workplaces, wellness infrastructure, and neighbourhood prestige, all of which contribute to sustained demand in areas like Khar.
While Mumbai’s residential market faces challenges in terms of supply-demand balance and affordability for mid-segment buyers, the luxury segment remains resilient. Experts attribute this to the city’s limited availability of prime land, consistent investor interest, and sustained interest from high-net-worth individuals seeking well-located, secure properties. The sale of Shroff’s apartment underscores the growing intersection of celebrity influence and real estate investment in Mumbai. For market observers, it offers insights into the valuation trends in top-tier localities and highlights how luxury properties continue to be a preferred vehicle for wealth creation and portfolio diversification.
Bollywood Actor Tiger Shroff Sells 2189 Sq Ft Khar Luxury Flat For Rs 15.6 Crore
MahaRERA Resolves Over Five Thousand Complaints From Homebuyers Across Maharashtra In Ten Months
Mumbai’s real estate regulator, the Maharashtra Real Estate Regulatory Authority (MahaRERA), has successfully disposed of 5,267 complaints lodged by homebuyers between October 2024 and July 2025, officials confirmed. This achievement highlights the authority’s proactive engagement with homebuyers and its continued commitment to enforcing accountability and transparency within Maharashtra’s property market.
The complaints addressed during this ten-month period covered a wide range of issues, from delayed possession to project compliance concerns. MahaRERA officials confirmed that hearings for complaints filed until July 2025 have either been conducted or are already scheduled. To expedite resolution, the regulator’s senior members directly oversaw hearings and settlements, ensuring timely intervention. During the same period, the authority received an additional 3,743 complaints, signalling sustained engagement from affected homebuyers. Since its establishment in May 2017, MahaRERA has received a cumulative 30,833 complaints, of which 23,726 have been resolved. Officials noted that pre-RERA projects dominate the complaint statistics, accounting for 79 per cent of all grievances, while only 21 per cent are linked to projects launched after the regulatory framework came into force. Currently, 51,481 projects are registered under MahaRERA across the state, with complaints filed against 5,792 projects.
Experts observe that the continued volume of complaints reflects the critical importance of effective regulation in safeguarding homebuyer interests and ensuring project accountability. “The high number of pre-RERA complaints underscores the need for stringent regulatory oversight in legacy projects,” said a senior MahaRERA official. To minimise future disputes, MahaRERA has implemented a robust three-tier scrutiny system for project registration, encompassing legal, financial, and technical evaluations. Dedicated teams assess each application thoroughly, and only compliant projects are granted registration. Officials emphasised that this preventive mechanism not only protects homebuyer investments but also fosters trust in Maharashtra’s real estate sector.
While MahaRERA clarified that disposal of complaints does not necessarily mean that refunds or compensations have been issued, officials stressed that necessary orders have been passed, ensuring due process is followed. Analysts argue that this structured approach reinforces accountability among developers and provides a transparent framework for addressing grievances efficiently. The authority’s active engagement aligns with broader efforts to create a sustainable, equitable, and investor-friendly property market. By combining proactive dispute resolution with stringent project registration norms, MahaRERA aims to reduce disputes, enhance compliance, and encourage the development of responsible real estate practices across the state.
With continued monitoring, structured grievance redressal, and stringent registration norms, Maharashtra is positioning itself as a benchmark for transparent and accountable urban real estate governance in India.
MahaRERA Resolves Over Five Thousand Complaints From Homebuyers Across Maharashtra In Ten Months
Mumbai Railway Land In Mahalaxmi, Bandra East, Supari Baug, Worth Rs 8092 Crore For Commercial Development
Mumbai is set to witness one of its biggest railway-linked land monetisation exercises, with the Rail Land Development Authority (RLDA) inviting bids for the commercial development of three prime plots valued at over ₹8,092 crore. The parcels, located in Mahalaxmi, Bandra East, and Supari Baug Colony in Parel, will be leased for 99 years on a revenue-sharing basis, opening doors to large-scale urban transformation across central and western corridors of the city.
Among the three, the Bandra East plot emerges as the most valuable. Spread across 45,371 square metres and strategically positioned along the Western Express Highway, it has a reserve price of ₹5,365 crore. Its proximity to Bandra railway station and proposed metro connectivity makes it attractive for large developers, with potential for mixed-use real estate projects that could integrate commercial, residential, and public spaces. The Mahalaxmi parcel, covering 10,801 square metres, carries a reserve price of ₹993.30 crore. Located adjacent to Mahalaxmi railway station and close to Lower Parel, Nariman Point, and the Science Centre Metro station, the site enjoys strong accessibility to business and residential hubs. Officials noted that the available Floor Space Index (FSI) of 4.05 enhances its development potential, allowing for high-density projects in the already thriving commercial belt of South-Central Mumbai.
The third plot, at Supari Baug Colony in Parel, extends over 23,047 square metres with a reserve price of ₹1,734 crore. Its location near Dr Babasaheb Ambedkar Road and key business districts of Parel and Lower Parel gives it strategic significance, offering scope for commercial or institutional development. RLDA has scheduled pre-bid meetings on 23 September, with bid submission deadlines set for November. The process is expected to draw intense interest from leading developers given the land value, central locations, and long-term lease model.
Officials emphasised that the initiative aligns with the objective of raising non-fare revenue for Indian Railways. By monetising surplus and underutilised land, the authority aims to generate sustainable income streams while reducing financial pressure on passenger fares. A senior RLDA representative explained that the model not only unlocks land value but also encourages transit-oriented development, integrating public transport with commercial hubs. Urban planners suggest that these projects, if executed responsibly, can contribute to more inclusive and eco-friendly city spaces. Incorporating sustainable design, open areas, and equitable access within such redevelopments would ensure that the city’s growth balances commercial viability with social equity and environmental responsibility.
With demand for land in Mumbai remaining insatiable, the tender offers developers rare access to large, centrally located plots. The projects have the potential to redefine Mumbai’s urban landscape while helping the Railways fund infrastructure expansion in a financially sustainable manner.
Mumbai Railway Land In Mahalaxmi, Bandra East, Supari Baug, Worth Rs 8092 Crore For Commercial Development
Concord Rolls Out India First Fully Indigenous Zero Emission Rail Technology
India has unveiled its first fully indigenous zero-emission rail propulsion system, developed by Concord Control Systems (CCSL). The innovation, designed and manufactured almost entirely in India, combines cutting-edge Lithium Iron Phosphate (LFP) battery technology with a DC chopper-based drive, eliminating idle losses typical of diesel locomotives. Experts describe the system as a major milestone in advancing the country’s net-zero and railway electrification goals by 2030.
The propulsion system has been retrofitted onto a 700 HP diesel-electric platform, delivering 800A peak current to traction motors. It integrates advanced features such as digital driver displays, CCTV/DVR monitoring, and a Remote Monitoring System (RMS) for predictive maintenance and real-time diagnostics. The majority of critical components, including the chopper, Vehicle Control Unit (VCU), sensors, and controllers, were designed and produced domestically, with only select semiconductor devices sourced externally. This achievement reflects India’s growing technological self-reliance in the rail sector. Experts explain that the system offers multiple advantages over conventional diesel engines. By cutting idle fuel losses, the technology enhances operational efficiency while lowering costs and eliminating greenhouse gas emissions. It also introduces several global firsts, such as high-voltage battery integration with choppers, CAN-based VCUs, and fibre-optic EMI-immune signal transmission. These features collectively contribute to safer, cleaner, and more efficient rail operations.
Officials from CCSL emphasise that this development aligns with India’s commitment to sustainable mobility and indigenous innovation. The zero-emission propulsion system not only provides a scalable pathway for converting existing diesel locomotives into eco-friendly platforms but also establishes a benchmark for future domestic rail technology. Analysts suggest that such innovations could significantly accelerate India’s railway electrification programme and support the nation’s broader net-zero ambitions. The breakthrough demonstrates a strong interplay between sustainability and technological self-reliance. By integrating advanced battery systems with locally engineered components, CCSL has created a solution that supports India’s transition toward low-carbon rail transport while promoting domestic manufacturing capabilities. Industry experts note that this could catalyse similar innovations across urban mass transit, freight, and other mobility sectors, reinforcing India’s position as a global player in clean transport technology.
Looking ahead, the propulsion system is expected to serve as a reference model for railway manufacturers and policymakers. Its adoption could redefine standards for operational efficiency, emissions reduction, and maintenance practices. CCSL’s initiative underscores the potential of combining indigenous innovation with sustainable engineering to transform one of India’s most critical infrastructure sectors. As India continues its march toward full railway electrification, this indigenous zero-emission propulsion system is a tangible step toward achieving climate-conscious, efficient, and self-reliant rail mobility. The project not only strengthens domestic technological capabilities but also demonstrates India’s leadership potential in next-generation rail solutions, inspiring further innovation across the sector.
Malpani Pipes Expands India Presence Partnering With China Yongkang Gaocheng Brands
Malpani Pipes and Fittings has entered a strategic partnership with China’s Yongkang Gaocheng Power Tools Co, marking a significant expansion of its product portfolio in India. Under a sole distributorship agreement, Malpani will introduce BST (value) and Gaocheng Pro (premium) brands, covering agricultural equipment, power tools, garden machinery, plantation tools, and construction implements.
Officials from Malpani highlighted that the collaboration reflects the company’s long-term commitment to supporting India’s agriculture and infrastructure sectors by offering globally recognised products. “This partnership enables us to leverage our extensive dealer network to provide high-quality solutions while creating new business opportunities for our stakeholders,” said a senior executive. The collaboration is set to address growing demand for efficient, sustainable, and technologically advanced equipment across the agriculture and construction industries. By combining Malpani’s distribution expertise with Yongkang Gaocheng’s manufacturing capabilities, the alliance aims to introduce innovative products tailored to Indian market needs. Analysts view this move as a timely step, considering the increasing focus on mechanisation in agriculture and infrastructure development in tier-2 and tier-3 cities.
Malpani plans to strategically market BST and Gaocheng Pro products to different customer segments. While the BST range targets cost-conscious users seeking reliable performance, Gaocheng Pro offers premium features for professional contractors and large-scale farm operations. Experts say this dual-brand strategy could accelerate adoption of modern tools while enhancing productivity across sectors that drive India’s rural and urban growth. The partnership also highlights the growing trend of cross-border collaborations to meet domestic infrastructure and agricultural demands. By integrating international standards with India’s local requirements, Malpani and Yongkang Gaocheng intend to strengthen the supply chain while emphasising energy-efficient, environmentally responsible equipment. Officials noted that sustainable manufacturing practices and long-term product reliability are central to the venture.
The move comes at a time when Indian policymakers are emphasising mechanisation in agriculture and modernisation in construction to enhance productivity, reduce labour dependence, and achieve sustainable growth. The availability of international-quality equipment through established distribution networks is expected to accelerate these initiatives and benefit small and medium enterprises alongside large developers and farmers. By positioning itself as a gateway for premium and value-driven equipment, Malpani aims to build long-term trust with both consumers and dealers. The partnership also underscores the increasing role of innovation-driven global collaborations in transforming India’s industrial and agricultural landscape, demonstrating how strategic alliances can deliver wider social and economic benefits.
Malpani Pipes Expands India Presence Partnering With China Yongkang Gaocheng Brands
Housing Ministry Launches Unified RERA Portal To Boost Real Estate Transparency
The Union Ministry of Housing and Urban Affairs (MoHUA) has unveiled a unified Real Estate Regulatory Authority (RERA) portal, rera.mohua.gov.in, aimed at standardising regulatory oversight and enhancing transparency across India’s real estate sector. Launched during the fifth meeting of the Central Advisory Council (CAC), the portal is positioned as a one-stop platform for all stakeholders, facilitating the sharing of best practices among States and Union Territories (UTs).
Officials highlighted that the unified platform is a key step toward strengthening accountability in the housing sector. “RERA has fundamentally empowered homebuyers, ensured timely delivery of projects, and instilled discipline across the real estate ecosystem,” said a senior ministry official. The portal will assist States and UTs in implementing RERA consistently, protecting the interests of citizens while expediting project approvals and grievance resolution. Over the last eight years, RERA has emerged as a transformative reform in India’s real estate landscape. According to ministry data, 35 States and UTs have established RERA authorities, 29 have set up appellate tribunals, and 27 have appointed adjudicating officers. So far, the portal has registered over 1.5 lakh projects and 1.06 lakh agents, while resolving nearly 1.47 lakh homebuyer complaints, demonstrating a growing institutional capability to monitor and regulate the sector effectively.
A major focus of the CAC meeting was addressing legacy stalled projects and implementing the recommendations of the Amitabh Kant committee. Officials emphasised the adoption of Standard Operating Procedures (SoPs) to streamline the functioning of RERA authorities, ensure compliance with orders, and strengthen enforcement mechanisms. The council also recommended developing a structured framework to expedite stalled project completion and promote uniformity in RERA implementation across all States. Experts believe that the unified portal will enable better monitoring of industry trends, informed policymaking, and faster grievance resolution. By centralising project data, the platform provides an integrated view of ongoing developments, facilitating both transparency for buyers and operational efficiency for developers.
The MoHUA also proposed forming a central-level committee comprising representatives from various stakeholders to ensure that rules and regulations under RERA remain aligned with the Act’s overarching framework. Officials expect that this move will further strengthen oversight, reduce bureaucratic bottlenecks, and reinforce trust between homebuyers and developers. With the unified RERA portal, the ministry aims not only to streamline regulatory processes but also to instil a culture of accountability and citizen-centric governance in the real estate sector. As urban India continues to expand, the initiative reflects the government’s commitment to building sustainable, equitable, and transparent housing markets, aligning with broader urban development goals.
Housing Ministry Launches Unified RERA Portal To Boost Real Estate Transparency
TOTO Brings Japanese Architectural Excellence to India on 40th Anniversary
