Maharashtra's Record 3,927 Completed Projects in 2023

18 Jan 2024 CW Team

In a historic stride towards urban development, Maharashtra witnessed an extraordinary accomplishment in 2023, as a staggering 3,927 housing projects reached successful completion, marking the highest number since the establishment of the authority. This remarkable achievement not only underscores the state's commitment to infrastructure growth but also signifies a positive outlook for the real estate sector. The Maharashtra Real Estate Regulatory Authority (MahaRERA) reported this unprecedented feat, showcasing the effectiveness of regulatory measures in streamlining the construction and completion processes. The diverse array of completed projects spans residential complexes, commercial spaces, and infrastructural developments, contributing significantly to the state's overall economic landscape. This record-breaking year reflects the resilience and adaptability of the construction industry, overcoming challenges and delivering on commitments. Homebuyers and investors alike stand to benefit from the increased housing stock, fostering a more vibrant and accessible property market. The surge in completed projects also bodes well for job creation, further enhancing the socio-economic fabric of Maharashtra. As the construction sector continues to play a pivotal role in shaping the state's future, the successful culmination of 3,927 projects in 2023 is a testament to Maharashtra's unwavering dedication to progress and development.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..