MahaRERA Adjourns Complaint Against Karrm Infrastructure Amid Insolvency Proceedings

MahaRERA has adjourned a complaint filed by Gayatri Ramesh Gurudu against Karrm Infrastructure due to ongoing insolvency proceedings initiated by M/s. VSJ Investment Pvt Ltd. The complainant sought a refund for her booked flat in the Karrm Panchtatva-2 project but will need to pursue her claim through the Corporate Insolvency Resolution Process as per the National Company Law Tribunal’s order.

Thane Sees Sharp Rise in Under-Construction Property Prices: 19.5% Increase in Q3, Reaching INR 16,455 per sq ft

Thane’s property market sees a 19.5% rise in under-construction home prices, reaching INR 16,455 psf in Q3 2024. Despite rising prices, demand remains strong, driven by infrastructure projects and proximity to Mumbai.

Belicia Generates Over INR 200 Crores in Revenue in Q1; 80+ Units Sold

Belicia, a luxury residential project in Thane, has reported over INR 200 crores in revenue for Q1 FY 2024-25, following the sale of more than 80 units. The project, developed by Prescon Group and the House of Hiranandani, features a 48-storey tower and is expected to benefit from significant infrastructure improvements in the region.

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.

The Rise of Real Estate in Thane & Kalyan: Quality, Sustainability, and Affordability

By Deepak Mehta, Director of Mehta Group Mumbai is called the Financial…