MahaRERA bid to revive projects

26 Jul 2022 CW Team

MahaRERA is attempting to resurrect over 2,800 delayed and expired housing projects in the state, totaling Rs 786.84 billion. The Maharashtra Real Estate Regulatory Authority (MahaRERA) is working with a specialised team to uncover the issues that are causing projects to be stopped or expired in order to discover solutions for their resurrection. To investigate blocked and expired projects, MahaRERA has established a special vertical managed by retired IAS officer Sanjay Deshmukh, as per reports. The first part of the exercise will analyse 2,809 expired projects for their construction phase. MahaRERA has divided the building process into three categories: 0 to 30 percent, 30 to 60 per cent, and 60 to 90 per cent, and has worked with developer bodies to discover builders who are registered with them in order to assure the revival and completion of projects.

Infrastructure Urban

22 May 2025

Amit Shah Launches Rs 7.08 Bn Projects in Gandhinagar

Union 亚博体育官网首页 Minister Amit Shah is set to inaugurate and lay the foundation stone for multiple people-focused development projects worth Rs 7.08 billion in Gandhinagar today. These projects fall under the jurisdiction of the Gandhinagar Municipal Corporation, the Gandhinagar Urban Development Authority (GUDA), and the district administration.As part of his engagements, Shah will inaugurate a new Primary Health Centre in Vavol, a critical underbridge connecting Sectors 21 and 22, a Primary Health Centre in Pethapur, and the rejuvenated Kolvada Lake near the ONGC well in Kolwada.In the evening, th..

Real Estate

22 May 2025

Keystone Sets Rs 40 Bn Sales Target for FY26

Keystone Realtors Ltd, the Mumbai-based real estate firm operating under the Rustomjee brand, aims to achieve housing sales worth Rs 40 billion in the current financial year, marking a 32 per cent year-on-year growth. This target reflects continued robust demand for quality residential properties, especially from established developers, according to Chairman and Managing Director Boman Irani.In an interview with PTI, Irani stated that the company surpassed its guidance for FY25, recording pre-sales of Rs 30.28 billion, a 34 per cent increase from the previous year. "We have achieved steady and..

Infrastructure Transport

22 May 2025

GreenCell Wins Order for 1,200+ Electric Buses

GreenCell Mobility has secured an order for over 1,200 electric buses from Convergence Energy Services Limited (CESL) under the PM E-Bus Sewa Scheme, as announced on 14 May 2025. The contract includes 472 Eicher electric buses for Madhya Pradesh and 750 buses from Pinnacle Mobility Solutions for Andhra Pradesh.These zero-emission buses will be deployed across six cities in Madhya Pradesh and 11 in Andhra Pradesh. GreenCell has partnered with VE Commercial Vehicles (VECV) for the Madhya Pradesh segment and with Pinnacle Mobility Solutions (EKA Mobility) for Andhra Pradesh.Devendra Chawla, Manag..