Tag: Mumbai Metropolitan Region

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Keystone Realtors Hits ₹617 Crore in Q1 FY27 Pre-Sales

NEW DELHI: Keystone Realtors achieved pre-sales totaling ₹617 crore in the first quarter of FY 2026-27, a decline from ₹1,068 crore in the same period last year. The company noted that there were no new launches scheduled for this quarter, with pre-sales mainly driven by sales from ongoing projects. Collections for Q1 FY27 reached ₹599 crore, a slight increase from ₹575 crore in Q1 FY26, bolstered by revenues from previously sold units and current project sales. Keystone Realtors outlined plans for future project launches across the Mumbai Metropolitan Region in the upcoming quarters. During this quarter, the company introduced two…

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Dharavi Phase I Redevelopment to Finish in 18 Months: Deputy CM

MUMBAI: On Tuesday, Maharashtra Chief Minister Devendra Fadnavis stated that the Dharavi Redevelopment Project is more than just a housing scheme; it represents an economic transformation. He confirmed that the first phase of approximately 10,000 homes is set to be completed in the next 18 months. During the legislative assembly session, Fadnavis highlighted that eligible residents will be rehabilitated on-site, while others will be offered homes at nearby locations. Additionally, he mentioned that the state has identified 19 cluster redevelopment projects across Mumbai as part of its urban renewal strategy. The Dharavi Redevelopment Project aims to transform Asia’s largest slum…

Latest StoriesResidential

Housing Affordability Stable in 6 of 8 Cities: H1 2026 Report

NEW DELHI: A report by Knight Frank India reveals that housing affordability remained stable across most major residential markets in H1 2026, bolstered by lower borrowing costs. Among the eight cities analyzed, six stayed within the affordability threshold, while the Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) surpassed the 50% benchmark. Ahmedabad emerged as the most affordable housing market among the top cities with an affordability ratio of 23%, followed by Kolkata at 25% and Pune at 28%. Bengaluru and NCR saw a slight decline in affordability compared to 2025, recording ratios of 35% and 65%, respectively.…

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NeoLiv buys 76 acres in Khopoli for villa project development

Representative image Institutional investor-backed residential development platform NeoLiv has secured a 76-acre land parcel in Khopoli, near Mumbai, to pursue a plotted residential development. This acquisition marks NeoLiv’s third land transaction in the Panvel-Khopoli region, coinciding with the government of Maharashtra’s upcoming Mumbai 3.0 initiative. The company plans to create a mixed-use community featuring premium villas, plots, and retail opportunities, complemented by theme-based developments, with an estimated Gross Development Value (GDV) of ₹800 crore. “This acquisition is a significant milestone for NeoLiv as we embark on our third major plotted development project in one of the most desirable micro-markets in…

Latest StoriesRera

MahaRERA targets errant builders, issues notices on 8,212 projects

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken action against developers of 8,212 housing projects due to their failure to submit mandatory quarterly progress reports (QPRs) by the deadline. This move aims to enhance compliance oversight in the state’s real estate sector. Among these, 4,644 projects are located in the Mumbai Metropolitan Region, with 1,465 in Thane and 1,263 in Mumbai Suburban. Of the total 33,029 registered housing projects across Maharashtra, these developers missed the April 20 deadline to update their January-March quarter disclosures on MahaRERA’s portal, as mandated by the Real Estate (Regulation and Development) Act, 2016.…

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Godrej Properties’ FY26 Bookings Reach ₹34,171 Crore

NEW DELHI: Godrej Properties (GPL) announced bookings of ₹34,171 crore for FY26, reflecting a 16% increase compared to the previous year, as per the company’s operational update. During the fiscal year, the company sold 17,515 units, with total sales volume rising 5% to reach 27 million sq ft. The booking value for the March quarter amounted to ₹10,163 crore, showing a 21% sequential growth. Collections for FY26 saw a 17% increase to ₹19,965 crore, while operating cash flow rose by 5% to ₹7,830 crore. In Q4, quarterly collections reached ₹7,947 crore. Gaurav Pandey, MD & CEO of the company stated,…

Latest StoriesResidential

Arvind SmartSpaces to Revamp Goregaon West Project, Mumbai

NEW DELHI: Arvind SmartSpaces has initiated a residential redevelopment project in Goregaon (West), Mumbai, with an estimated revenue potential of around ₹2,400 crore. This project, developed in collaboration with Sigma Oxford Realtors, will encompass a saleable area of approximately 0.67 million sq ft, situated in Siddharth Nagar. This marks the company’s third residential venture in the Mumbai Metropolitan Region (MMR) and its second high-rise project in the city. Additionally, the company’s wholly-owned subsidiary, Arvind Skyline (ASPL), has acquired a 49% stake in Oxford Navrang Realtors for ₹49,000. This acquisition is anticipated to be finalized within the month. Furthermore, the company…

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Lodha Developers’ Q4 FY26 Pre-Sales Hit ₹5,890 Crore

NEW DELHI: Lodha Developers has reported pre-sales of ₹5,890 crore for the January-March quarter of FY26, reflecting a 23% increase from the previous year. For the entire financial year, pre-sales reached ₹20,530 crore, a rise of 16% year-over-year. The company noted that sales in March fell short of expectations due to a slight deferment in demand. Collections in Q4 FY26 increased by 18% year-over-year, totaling ₹5,230 crore, while full-year collections were ₹15,160 crore, marking a 5% annual growth. During the quarter, the company launched one project in the Mumbai Metropolitan Region, valued at a gross development value (GDV) of ₹1,300…

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Raymond Realty Q4 FY26 Pre-Sales Surge to ₹1,519 Crore

NEW DELHI: Raymond Realty Ltd announced on Thursday that its sales bookings surged more than two-fold to Rs 1,519 crore for the quarter ending in March, driven by increased demand for residential properties. In comparison, sales bookings were Rs 636 crore during the same period last year. According to a regulatory filing, the company’s pre-sales for the entire fiscal year 2025-26 climbed 31% to Rs 3,023 crore, up from Rs 2,314 crore in the previous year. Raymond Realty has a robust pipeline of upcoming projects with a total revenue potential of Rs 43,000 crore across the Mumbai Metropolitan Region (MMR),…

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Lodha Developers Secures ₹500 Crore via Debenture Issue

NEW DELHI: Lodha Developers Ltd, a prominent real estate firm, announced on Monday that it has successfully raised Rs 500 crore through the issuance of debentures. According to a regulatory filing, the company’s board approved the allocation of 50,000 non-convertible debentures (NCDs) worth Rs 1 lakh each, totaling Rs 500 crore via private placement. The interest rate is set at 8.52 percent per annum, payable biannually. Lodha Developers is one of India’s leading real estate companies, with a strong presence in the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. The company has also acquired land in the Delhi-NCR region to…