NAREDCO Maharashtra launches Neral-Karjat unit

20 Jul 2021 CW Team

After the successful launch of the Ambarnath-Badlapur unit couple of weeks back, NAREDCO Maharashtra, the Maharashtra chapter of NAREDCO, the apex national body of real estate industry today announced the launch of their new unit in the State, NAREDCO Neral-Karjat. This has led to the creation of an affordable housing stock of over 40000 homes from their 100+ members associated with this unit. This is expected to unlock the affordable housing properties and offer a great opportunity to the discerning homebuyers to buy RERA registered properties at affordable prices in the Neral and Karjat region.

Neral-Karjat is located central to both Mumbai and Pune. The State Highway connects Neral to Karjat, NH4, Panvel and Badlapur. The Matheran hill station is an important tourist attraction in the region. Once lacking both infrastructure and connectivity, Neral-Karjat, today flaunts all amenities available at one’s disposal. Many mega infrastructure projects are being set up by the government to catalyse the real estate growth in Neral-Karjat. Also, it has been designated as the ‘next big residential hub’, after Ambernath-Badlapur and Kalyan.

Speaking during the launch, Mr Ashok Mohanani, President, NAREDCO Maharashtra, said, “We are happy to announce the launch of NAREDCO's new unit in Neral-Karjat. This will open up new affordable housing inventory for the prospective homebuyers who are looking to buy their dream home. Under NAREDCO's umbrella, the homebuyers too will have a sense of trust and confidence. It will also boost the Government's policy of creating ‘Housing for All by 2022’.”

The infrastructure development in the leading metro cities has improved connectivity to peripheral destinations, thereby, bridging the gap between the cities and the peripheries. On the other hand, projects such as the metro rail, ring roads and highways, etc., offer improved connectivity to the existing city establishments and are more suitable to the immediate needs of budget-conscious home buyers.

Commenting on the occasion, Mr Gautam Thacker, President, NAREDCO Neral-Karjat, said, “The Neral-Karjat region offers reasonably priced properties to buyers as compared to other locations in Mumbai, Thane and Navi Mumbai. The location has several affordable properties on offer for buyers in the lower-income segment and is witnessing huge interest from homebuyers as well as investors looking for second homes. At the time when real estate prices have undergone correction, this region with its upcoming infrastructure, tranquil surroundings and affordable pricing can bring the homebuyers' dream come true.”

The inauguration of the new unit took place in the presence of NAREDCO’s senior leaders such as Dr Niranjan Hiranandani, National President, NAREDCO; Mr Rajan Bandelkar, Vice Chairman, NAREDCO Maharashtra; Mr Sandeep Runwal, President Elect, NAREDCO Maharashtra; Mr Prashant Sharma, Secretary, NAREDCO Maharashtra; Mr Kamlesh Thakur, Joint Secretary, NAREDCO Maharashtra; Mr Maulik Dave, Joint Treasurer, NAREDCO Maharashtra along with the office bearers from Neral-Karjat region.

The Neral-Karjat region has emerged to be an affordable living destination in comparison to the rest of Mumbai. It is witnessing an increase in the population in recent years owing to its proximity to various employment hubs. The region provides its residents with all kinds of social amenities to live a happy and peaceful life that includes various schools, hospitals, the luxury of enjoying recreational amenities and proximity to various banks and ATMs. There will always be sizable demand for real estate here since people will continue seeking affordable homes in the locality and employment prospects will be boosted hugely. Neral-Karjat and its surroundings are not only a beautiful place for home but also a major tourist destination with waterfalls, scenic verdant hills, several farmhouses & resorts along with paddy fields that are the major attractions during the monsoons. Spacious areas and pleasant environment are the main reasons people are investing in properties there to enjoy their weekends or rent their properties for secondary income. These are factors that will keep the growth momentum of the region intact over the next few years. It is expected to witness handsome appreciation in the future in terms of property rates. Thanks to the fast-paced infrastructure development and emerging real estate projects, Neral-Karjat is fast becoming a destination of choice for Mumbaikars.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..