MahaRERA Launches New Website MahaCRITI

MahaRERA’s new website, MahaCRITI, went live on September 1, 2024, offering instructional videos and online training to users. The platform aims to streamline real estate processes, with over 2,700 users already engaging, including updates and new registrations by developers and real estate agents. The training has reached around 550 developers, 350 agents, and 250 lawyers, ensuring effective use of the new portal for managing real estate tasks and complaints.

Union Cabinet Sanctions Transfer of 256 Acres for Dharavi Redevelopment Project

The Union Cabinet has sanctioned the transfer of 256 acres of salt pan land to the Maharashtra government for the Dharavi Redevelopment Project. Located in Mulund, Bhandup, and Kanjurmarg, the land will be used for housing non-eligible Dharavi residents and constructing new residential units. The project aims to address Mumbai’s housing crisis, but faces challenges, including delays and community opposition.

CapitaLand Investment to More Than Double Investments in India by 2028

CapitaLand Investment Limited (CLI) has announced a major expansion plan to more than double its investments in India by 2028. The company aims to increase its funds under management in India from S$7.4 billion to over S$15 billion. CLI’s growth strategy includes expanding its business parks, logistics, data centers, and lodging portfolios, while also exploring new opportunities in renewable energy and real estate private credit. This move underscores India’s strategic importance and CLI’s commitment to enhancing its footprint in the country.

Piramal Realty Launches Clubhouse ‘Club V’ at Piramal Vaikunth, Thane

Piramal Realty has inaugurated ‘Club V,’ a new 22,000 sq. ft. clubhouse at Piramal Vaikunth in Thane. The facility includes a mini cricket ground, tennis and squash courts, and a range of other amenities such as a library, café, and wellness center. Designed to enhance community living, Club V offers residents a space for sports, relaxation, and social interaction, reflecting Piramal Realty’s commitment to a comprehensive lifestyle experience.

Panvel Real Estate Market Sees Robust Growth

The ANAROCK Panvel Micro Market Report highlights a surge in residential property prices in Panvel, Navi Mumbai, with an 8-10% increase over the past year. The report attributes this growth to significant infrastructure developments, including the Navi Mumbai International Airport and the Mumbai Metro Line 12. With a rise in new project launches and improving rental yields, Panvel is emerging as a promising area for real estate investment and development.