57 Housing Projects Up For Deregistration, 25 From MMR

25 Jan 2025 CW Team

As many as 57 housing projects are up for deregistration with the Maharashtra Real Estate Regulatory Authority (MahaRERA). Of these, nine belong to Lodha Group companies while four are from the K Raheja Corp Real Estate stable. Eight of the nine projects belonging to the Lodha Group were registered before the Covid-19 pandemic. In the three lists with MahaRERA, collated in the last two months, there are 25 projects from the Mumbai Metropolitan Region, including within Greater Mumbai limits.

Of the Lodha Group’s projects, six were to be constructed by Palava Dwellers: Palava Verde’s A to E wings registered in March 2019, Palava Fresca’s A and B wings (March 2019), Palava Verdana’s A to D wings (March 2019), Jasmine’s T wing (April 2019), Palava Fresca E to H wings (March 2019) and Palava Allura’s C and D wings (December 2018).

The other three are Macrotech Developers’ Upper Thane Meadows A and E to G wings in Thane (all in March 2019) and Dombivli Arcade (March 2024).

K Raheja Corp Real Estate, on its part, has scrapped its Plumeria Viva project (August 2023), Wisteria Viva (July 2023), Frangipani Viva (September 2023) and Palash Viva (July 2023). All of these are at Pirangut near Pune. These projects had become “unviable” for the developers, resulting in a decision to put them on the backburner by getting them deregistered.

Other prominent names include Piramal Realty Limited’s Piramal Revanta Tower 5 in Mulund, which was registered in December 2023, Puranik Builders’ Puranik Tokyo Bay’s Phase 2C in Thane, registered in March 2019, Lokhandwala Infrastructure’s LB One at Worli, registered in August 2017, and Mayfair Housing’s Mayfair Virar Gardens Buildings 17 to 19, 23A, 26, 27 (April 2022), which is also on the verge of getting deregistered.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..