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 Transport

10 Oct 2025

Udupi Cochin Shipyard Launches Tug for Adani’s Ocean Sparkle

Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), has launched the first of three 70-tonne bollard pull tugs being built for Ocean Sparkle Limited, a subsidiary of Adani Ports and SEZ. The launch ceremony, held in Udupi, was officiated by Member of Parliament Kota Srinivas Poojary, who commended the shipyard’s contribution to the Atmanirbhar Bharat initiative and India’s growing indigenous shipbuilding capabilities. The tug, designed by Canadian naval architecture firm Robert Allan Ltd, is 33 metres long and powered by two 1,838 kW engines paired with 2..

Prestige Office Ventures Plans Major Expansion by 2028

In a significant development for India’s commercial real estate sector, Prestige Office Ventures, the office arm of Prestige Group, has announced plans to expand its office portfolio to 30 million square feet by April 2028. This expansion is expected to generate an annual rental income of Rs 32,000 million by December 2028.The 30 million square feet portfolio will include 12 million square feet of completed assets. In Delhi, the company has recently completed 700,000 sq ft of office space in the Aerocity area. Additionally, Prestige Office Ventures is planning to launch one or two more proje..

Ashtech Group Expands into Real Estate with Luxury Project

Ashtech Group, a leader in sustainable construction materials and infrastructure, has ventured into real estate with Rs 18,000 million investments in a luxury housing project in Greater Noida West.The project will be developed on a fully paid 5.6-acre plot, acquired for approximately Rs 3,000 million from the local authority. Located in Sector 12, Greater Noida West, the site is strategically positioned near an 8-acre authority park, enhancing both lifestyle appeal and connectivity.Designed to offer a premium lifestyle, the project reflects Ashtech Group’s core values of quality, sustainabil..