Tag: Chembur

Latest StoriesResidential

Mahindra Lifespaces to Redevelop Two Chembur Societies

NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development branch of the Mahindra Group, is set to redevelop two housing societies in the Diamond Garden area of Chembur, Mumbai. According to Vimalendra Singh, Chief Business Officer (Residential) at the company, “Redevelopment continues to be vital in our growth journey. It allows us to deliver high-quality residential projects to areas with strong demand.” The two societies cover approximately 2.6 acres and 1.8 acres, with a combined gross development potential of around ₹1,700 crore. Published On Sep 17, 2025, at 09:16 AM IST Join 2M+ industry professionals! Subscribe to…

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Puravankara Q1 FY26 Pre-sales Reach ₹1,124 Crore

NEW DELHI: Puravankara has announced pre-sales of ₹1,124 crore for Q1 FY26, marking a 6% year-over-year increase, despite no new project launches this quarter. This achievement is driven by a 9% increase in average price realization, now at ₹8,988 per sq ft, complemented by consistent sales across existing projects. Sales volume reached 1.25 million sq ft, with collections amounting to ₹857 crore. The company is enhancing its development pipeline, adding projects with a total projected gross development value (GDV) of ₹3,100 crore. This includes the redevelopment of eight housing societies in Chembur, Mumbai, covering four acres and offering over 1.2…

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Puravankara to Redevelop Eight Mumbai Societies

Representative image created by AI NEW DELHI: Puravankara has been chosen as the preferred developer for the redevelopment of eight residential societies in Chembur, Mumbai. This project will unlock a total development potential of over 1.2 million sq ft across approximately four acres, with an estimated gross development value (GDV) of ₹2,100 crore. Ashish Puravankara, Managing Director of the company, stated, “With 11 projects in Mumbai and Pune covering around 14 million sq ft—including 3.6 million sq ft in redevelopment—we are dedicated to expanding our presence in the western region. This area is projected to contribute a GDV of around…

Latest StoriesRera

Mumbai: No respite for six defaulter buyers in Chembur project

MUMBAI: MahaRERA has recently ruled against six flat purchasers, stating they are not entitled to relief under the Real Estate (Regulation and Development) Act due to payment defaults. Out of the six purchasers, five requested refunds to withdraw from a residential project in Chembur, while one wished to continue but asked for an extension on payment. Godrej Developers responded by terminating their bookings and attempting to forfeit the booking amounts. The allottees contested the forfeiture, seeking refunds under Section 18 of the RERA Act based on their desire to withdraw from the project. One complainant mentioned that due to the…