PANVEL REAL ESTATE
Niranjan Hiranandani forecasts historic growth in Maharashtra real estate, powered by policy clarity
Maharashtra's new housing policy, backed by a substantial ₹70,000 crore investment, aims to address the state's housing shortfall across all segments, from slums to industrial areas. The policy incorporates AI monitoring and focuses on comprehensive development, including green buildings and inclusive housing.
L&T Realty acquires 34-acre land parcel in Panvel near Mumbai
L&T Realty has purchased a 34-acre land in Panvel near Mumbai. The real estate firm bought the land from three landowners for over Rs 102 crore. This is L&T Realty's first outright land purchase. Previously, the company used joint ventures for expansion. The land is near the riverfront and is currently an industrial zone.
Buying a Home: A Dream or a Trap? Analyst explains why India's obsession with homes may be a big mistake
In India, the traditional belief in owning a home as a life goal is changing. Rising property costs and the growth of private developers are making people question the value of homeownership. Renting is becoming more appealing for its flexibility and financial benefits. This shift reflects broader changes in the market and economic landscape.
Build Capital plans to invest Rs 400 cr in Mumbai region property market in 2025
Build Capital plans to invest over Rs 400 crore in the Mumbai Metropolitan Region by 2025, with Rs 150 crore specifically for Navi Mumbai. The fund aims to address early-stage financing gaps in real estate, raising its initial asset book through 15-20 transactions, following a Rs 30 crore deal with Satyam Group in Panvel.
RERA: Son fights against builder for property possession delay; wins Rs 37 lakh interest compensation in NCDRC
RERA: A father from Panvel, Navi Mumbai purchased a flat for his family legacy however the developer despite taking about 97% of the money failed to deliver the flat. Hence the homebuyer filed a case with Maharashtra State Consumer Commission. However during the course of this court proceedings both the homebuyer and the builder died. Hence the builder and the homebuyer's son continued their father's case. Ultimately NCDRC, New Delhi solved this case and ruled in the homebuyer's favour.
Housing sales fell by 6% during the April-June quarter
Housing sales in India's top markets dip by 6% in Q2 2024, except for Bengaluru and Delhi-NCR. Anticipation of a pro-investment budget post-election impacts buyer decisions. New supply decreases slightly by 1%. MMR, Pune, and Bengaluru dominate both sales and new launches. Thane West, Panvel, and Dombivali emerge as top localities for sales and launches.
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What is Third Mumbai aka NAINA? All you need to know about the new city which will be connected by Atal Setu
The Mumbai Trans Harbour Link (MTHL) is set to shorten travel time between Mumbai and Navi Mumbai to 20 minutes, and will also enable connectivity to the 'Third Mumbai' or the 'Navi Mumbai Airport Influence Notified Area (NAINA). The project, developed by the City and Industrial Development Corporation (CIDCO), is a well-planned city with ultra-modern facilities in an area of 371 sq. km around the Navi Mumbai International Airport. The Third Mumbai was announced in 2013 to prevent haphazard growth of the upcoming airport area.
Hiranandani Communities to invest Rs 1,000 cr to develop 1 mn sq ft residential project in Panvel
Hiranandani Communities plans to develop a premium residential project in its integrated township, Hiranandani Fortune City in Panvel, at the cost of over Rs 1,000 crore, funded by internal accruals and construction finance. Hiranandani has already developed and delivered over 2,200 apartments in the township, which also houses Asia's largest data centre Yotta NM1, and has received RERA registration for this new residential sector, Golden Willow.
Maharashtra govt working on connecting key nodal points in Mumbai, says MMRDA Commissioner
In recent years, residential supply has increased 21% in Karjat and 19% in Neral areas, which were once devoid of infrastructure and connectivity. However the government is constructing a slew of mega infrastructure projects now that will benefit homebuyers and spur real estate development.
CIDCO to issue provisional NOC for developments with additional FSI under Unified DCPR
The move is expected to enable the licensee or lessee of the land to obtain development permission from the concerned planning authority along with consumption of additional FSI. Higher FSI will allow the projects to have more built up area.
CIDCO to auction 106 plots in Navi Mumbai for residential development
Any entity including the citizens, builders, small or big developers looking to develop bungalows, row houses and residential buildings can bid for these plots through e-auction.
Realty hot spot series: Proximity to job hubs makes this Navi Mumbai area popular real estate
Panvel is quite popular due to its proximity to key commercial hubs. The locality also boasts of known malls like Orion Mall, Seawoods Grand Central Mall etc. Construction of the Navi Mumbai International Airport is likely to boost housing demand.
Indiabulls realty arm to transfer 24 acres in Panvel to MMRDA
The builder has already constructed 4,834 affordable homes, along with related amenities, and these units have been handed over to the authority under the MMRDA Rental Housing Scheme.
Cidco gets 156 bids for Navi Mumbai land parcels
The land parcel in Nerul fetched the highest bid of nearly Rs 2.12 lakh per sq metre, while all three Ghansoli land parcels were sold at highest bids of around Rs 1.89 lakh, Rs 1.73 lakh and Rs 1.52 lakh per sq metre, respectively.
RERA effect: Cidco’s 36,000 sq metres plots sold for 20% less rates
Builders say the rates at which the plots were acquired by developers are around 20% lesser due to the new Real Estate (Regulation & Development) Act.
Realty queries answered by Gulam Zia, ED, Knight Frank India
Every week, an expert selected by ET answers queries from our readers on real estate. This week, both the queries on buying flats in Mumbai.
There is a need for a new city between Mumbai & Pune: Mount Hill's Sachin Singh on the Panvel project
The project is spread across 92 acres. The project will help make this a hub for real estate & IT.
Major regulatory and statutory changes are behind us: Vishal Damani, Indiabulls Real Estate
Vishal Damani, Jt MD, Indiabulls Real Estate, said that the Indiabulls Sky is ready for occupancy and the real estate bill would bring transparency into the sector.
Hiranandani emerges as highest bidder for Hirco Plc’s township in Chennai
Hiranandani Group has emerged as the highest bidder for Hirco Plc’s township in Chennai which was auctioned by the lender Housing Development Finance Corporation.
Brokers' call on Indiabulls Real Estate and Bajaj Auto
A further de-rating is not likely provided BAL doesn't cede too much market share to Hero.
Godrej Properties to develop a major township project in Panvel, Mumbai
The Mumbai-based real estate developer enters into a joint venture agreement for a premium residential township project in Panvel.
Indiabulls Real Estate Dec net grows at Rs 77 cr
Indiabulls Real Estate on Tuesday reported a over 27-times year-on-year jump in its consolidated net profit for the quarter ended December 31 to Rs 76.61 crore. Net sales for the quarter rose to Rs 399.66 crore, up 11 times, the company said in a notice to the Bombay Stock Exchange.
Samira Habitats to raise Rs 1,200 cr over five years
Real estate firm, Samira Habitats, plans to raise Rs 1,200 crore over the next five years to develop residential townships in Panvel, Alibaug and adjoining areas near the metropolis.
Hirco signs MoU with Tata Power for Panvel township project
Real estate developer Hirco Developments on Tuesday said it had signed a Memorandum of Understanding (MoU) with Tata Power to ensure power supply for its Panvel Township project.
US hedge fund opposes Hirco promoters’ merger move
QVT Financial, a US-based hedge fund which controls a minority stake in Hirco — a real estate fund floated by the Hiranandani group on the Alternative Investment Market (AIM) of London — has opposed the merger resolution proposed by the Hiranandanis.
Indiareit partners Samira Habitats for realty development
Indiareit Fund Advisors, a leading real estate venture capital fund, has announced a milestone investment to unlock development potential at emerging areas of Alibag and Panvel.
Cushman & Wakefield spots 17 realty hot picks
Cushman & Wakefield has identified 17 new corridors in India as strong investment destinations for investors with different risk appe-tites.
Hinjewadi, Manesar top in new locations for realty investors
These two locations would also receive a boost from the neighbouring mature markets, namely Pune and Gurgaon respectively.
Garnet Construction to issue 60 lakh warrants
Real estate firm Garnet Construction today said it will issue 60 lakh warrants to stakeholders to raise funds for its on-going project near Panvel, Navi Mumbai.
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