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The Maharashtra Cabinet has approved a significant move to ease the financial burden on property owners in smaller towns by waiving the 2% monthly penalty on property tax arrears in municipal councils, nagar panchayats, and industrial township areas. The decision is aimed at facilitating timely property tax payments and addressing concerns over penalties that sometimes exceed the original tax amount, causing payment delays.
Abhay Yojana: A Step Towards Easing Tax Burden
The new scheme, titled ‘Abhay Yojana’, introduces a partial waiver of property tax penalties. According to a press release issued by the Chief Minister’s Office (CMO), the penalty imposed on property tax arrears often becomes so large that it deters property owners from paying up. By waiving this penalty, the state government hopes to encourage more prompt payments, thereby improving tax collection across smaller towns and industrial townships in Maharashtra.
Amendments to Strengthen Local Governance
In addition to the property tax relief, the Maharashtra Cabinet also approved amendments to the Maharashtra Municipalities, Nagar Panchayats, and Industrial Townships Act, 1965. These amendments empower members of municipal councils, nagar panchayats, and industrial townships to initiate the removal of the president from their post. Currently, at least 50% of the members must submit a resolution to the district collector to request the president's removal. The new amendment will lower this threshold to two-thirds of the elected members, making it easier to remove a sitting president in these local bodies. A special session will be convened within 10 days for voting, following the submission of a proposal.
Government to Issue Ordinance for Immediate Implementation
Given that the state legislature is not in session, the government will issue an ordinance to ensure the immediate implementation of these changes. The property tax waiver and governance amendments are expected to enhance administrative efficiency and streamline the tax collection process.
Conclusion
By waiving the 2% monthly penalty on property tax arrears in smaller towns, the Maharashtra Cabinet aims to alleviate financial pressures on property owners while encouraging more timely payments. The ‘Abhay Yojana’ and governance amendments mark a progressive step towards better management of local resources and improved governance within the state.
At the CREDAI-MCHI’s Ease of Doing Redevelopment (EODR) 2.0 conference, Sanjeev Jaiswal, CEO of the Maharashtra Housing and Area Development Authority (MHADA), emphasised the need for strong public-private partnerships to revamp Mumbai’s ageing housing stock. Jaiswal acknowledged the challenges posed by Mumbai’s landlocked nature and underscored the critical role of collaboration between government and private developers in overcoming these hurdles.
Key Insights on Redevelopment Viability
Jaiswal highlighted that redevelopment is not merely about constructing new buildings but also ensuring the viability, transparency, and timely delivery of projects. He pointed to the importance of a clear Floor Space Index (FSI) framework and open communication in maintaining the feasibility of projects and protecting tenant rights. In his speech, he referred to recent amendments to Section 91a, which empower MHADA to take over stalled projects and address compensation issues with landowners. Section 79a now offers fair provisions that help resolve long-standing challenges related to cess building.
Role of Trust and Collaboration in Redevelopment
Boman Irani, President of CREDAI National and CMD of Rustomjee Group, reinforced the idea of collaboration in redevelopment projects. He emphasised that societies must prioritise the developer’s intent, track record, and financial stability, beyond just focusing on numbers. Irani also encouraged trust in appointed committees and consultants, advocating for a balanced approach that avoids unnecessary delays.
Focus on Practical and Transparent Redevelopment
Domnic Romell, President of CREDAI-MCHI and Director of Romell Group, echoed similar sentiments, stressing that redevelopment must serve the needs of residents, not be driven by greed. He urged stakeholders to embrace the RERA-regulated era and move away from outdated demands, such as excessive bank guarantees, as funds are now closely monitored via escrow accounts. Romell also encouraged residents to be informed about their entitlements, such as the 35% fungible FSI, to make better decisions when it comes to redevelopment.
The discussions at the CREDAI-MCHI’s EODR 2.0 conference underline the critical need for collaboration, transparency, and efficient project management in Mumbai’s redevelopment efforts. With a clear focus on public welfare, clear guidelines, and better partnership models, the city’s housing sector can be revitalised to meet the growing demands of its population.
Puravankara has announced pre-sales of Rs. 5,006 crore for the financial year 2024-25, marking a strong year for the company despite the challenging market environment. The company's collections stood at Rs. 3,937 crore, reflecting a 9% year-on-year growth, driven by increased demand and a strategic focus on sustaining sales across key markets.
Performance Highlights
Puravankara's fourth-quarter pre-sales reached Rs. 1,282 crore, contributing to the impressive total sales for FY25. The company’s collections for Q4 FY25 amounted to Rs. 946 crore. A significant portion of these sales came from sustenance sales, which grew by 22% year-on-year to Rs. 4,223 crore, while the average price realisation increased by 10%, indicating strong pricing power in the market.
Strategic Investments and Land Acquisitions
As part of its growth strategy, Puravankara invested over Rs. 1,300 crore in securing land with a total area of approximately 8 million sq ft, with an estimated potential gross development value (GDV) of over Rs. 13,000 crore. One of the company’s major new developments is a project in Thane, Mumbai, which has a total development potential of 3 million sq ft and an estimated GDV of Rs. 4,000 crore.
Strong Launch Pipeline for FY26
Puravankara has a robust pipeline for FY26, with over 13 million sq ft of new developments set to be launched. This includes 9 million sq ft of new projects and 4 million sq ft of new phase launches. The company is also progressing with projects totalling 5 million sq ft that are in advanced stages of securing approvals and are expected to go live in the next two quarters. Furthermore, Puravankara is expecting occupancy certificates (OC) for projects totalling 3.95 million sq ft with a combined GDV of over Rs. 3,200 crore in the upcoming financial year.
Puravankara’s performance in FY25 underscores its strong position in the real estate market, with steady growth in sales and collections. The company’s strategic investments in land acquisition and its significant launch pipeline for FY26 point to continued growth and value creation in the coming years. As the company moves forward with its new projects and developments, it is well-positioned to maintain its growth trajectory and meet the increasing demand for quality housing in key markets.
Kolte-Patil Developers has reported annual sales of Rs. 2,791 crore for the financial year 2024-25, reflecting a slight decline of 1% year-on-year. Despite the muted sales performance, the company successfully launched new projects with a combined gross development value (GDV) of Rs. 4,000 crore during the year, signalling continued optimism in the real estate sector.
Impact of New Launches on Sales
A significant portion of the total sales came from new launches, which accounted for 42% of the total pre-sales value. The company’s group CEO mentioned that the delay in planned project launches impacted overall sales, but the new developments demonstrated strong demand and contributed positively to the overall performance.
Growth in Collections and Average Realisations
On the collections front, Kolte-Patil Developers saw a robust 18% year-on-year growth, reaching Rs. 2,432 crore. The company also reported an 8% increase in average realisations, with Rs. 7,758 per square foot, indicating healthy demand despite the slight dip in sales volume, which stood at 3.60 million square feet, down by 8% compared to the previous year.
Strategic Business Developments
The company also made strides in business development, with the addition of a significant new project in Wadgaon, Pune, valued at Rs. 4,000 crore in GDV. This project is expected to strengthen the company’s position in the Pune market and contribute to its growth in the coming years.
Kolte-Patil Developers' performance in FY25 reflects a cautious yet positive outlook in a competitive real estate market. While sales saw a slight dip, the company’s continued investment in new projects, strong collection growth, and strategic land acquisitions position it well for sustained growth. The real estate sector’s demand outlook remains optimistic, supported by new launches and increasing realisations, positioning Kolte-Patil Developers for continued success.
The Bombay High Court has ordered the Brihanmumbai Municipal Corporation (BMC) to demolish a community hall constructed without permission on a plot reserved for a playground in Ghatkopar, Mumbai. The court's decision comes after the developer, Akhil Bhatwadi Sarvajanik Utsav Mandal, illegally constructed the building on public land meant for recreational and social purposes.
Details of the Illegal Construction
The plot in question, measuring 585 square meters, was originally reserved for a playground and used for sports, social, and religious activities. However, the trust illegally constructed a community hall occupying 90 square meters of the plot in 1994. In 2023, the trust demolished the original structure and began constructing a new community hall. Despite multiple complaints to the BMC, no action was taken, and the project continued under the guise of financial support from a local Member of Parliament.
Court's Ruling and BMC's Inaction
The Bombay High Court criticised the BMC's inaction, pointing out that despite receiving several complaints from citizens, the civic body failed to take timely action against the illegal construction. The court stated that the BMC’s failure to act promptly led to the continued construction of the community hall, even after notices were issued. The court also emphasised that the BMC officers involved in this matter were guilty of dereliction of duty.
Impact on Public Land and Public Trust
The court ruled that the unauthorised construction must be demolished and the plot should be returned to its intended use as an open space. The judgment stated that depriving the public of the land for its original purpose, especially when it was designated for the welfare of citizens, would result in a loss to the public exchequer. It also stressed that authorities like the BMC and MHADA should not permit such illegal constructions under any circumstances.
Accountability and Professional Misconduct
The court directed the municipal commissioner to take action against the BMC officers involved, holding them accountable for the abuse of their positions. Furthermore, the court found that the trust’s advocate misrepresented facts in a civil court to obtain an injunction order to halt the demolition of the illegal structure. As a result, the case was referred to the Bar Council of Maharashtra and Goa for professional misconduct proceedings against the advocate.
The Bombay High Court’s decision underscores the importance of timely action to prevent illegal constructions that undermine the planned development of the city. By ordering the demolition of the illegal community hall and ensuring the plot remains an open space, the court reinforced the responsibility of civic bodies to uphold public welfare and the rule of law. The ruling also sends a strong message about the need for accountability at all levels of governance to prevent the growth of illegal constructions in Mumbai.
The Bombay High Court has dismissed a petition filed by Neelkamal Realtors Suburban Pvt Ltd and directed the builder to complete and hand over eight buildings under the Mumbai Metropolitan Region Development Authority (MMRDA) rental housing scheme. The court's order comes after the builder failed to meet its obligations under the 2008 agreement to provide affordable housing for the homeless in exchange for additional development rights.
Background of the Dispute
In 2008, Neelkamal Realtors took on a development project in the Mahajanwadi area within the Mira-Bhayandar Municipal Corporation (MBMC) jurisdiction. Under the state’s rental housing scheme (RHS), the builder was granted 4 FSI (Floor Space Index). The agreement stipulated that 25% of the plot be used to construct eight buildings, which would be handed over to MMRDA with 1 FSI for affordable rental housing. The remaining 75% of the plot was to be developed for free-sale construction, utilising the 3 FSI benefit.
While the builder completed and sold 26 buildings with the additional FSI, he failed to complete the eight buildings meant for MMRDA, as required under the terms of the scheme. These buildings, which were supposed to house small flats for the homeless, have remained incomplete.
Court's Ruling and Builder's Defence
The court observed that while the rental housing scheme was abolished in 2013-14, the builder continued with the construction using the 3 FSI and profited from the sale of 26 buildings, without fulfilling the agreement to transfer eight buildings for MMRDA’s use. Neelkamal Realtors had argued that since the scheme was scrapped and the project was still ongoing, they should be allowed to transition to the new Unified Development Control and Promotion Regulations (UDCPR), which would allow for greater construction potential.
The court, however, rejected this argument, stating that the builder could not "wriggle out" of the original agreement and must adhere to the terms of the scheme, which had already been utilised for profit. The judges noted that the builder had delayed the completion of the eight buildings, despite benefiting from the rental housing scheme.
Implications of the Court's Order
The Bombay High Court’s ruling emphasises that developers who benefit from state schemes cannot disregard their obligations, especially when the public welfare is involved. The decision to complete and hand over the eight buildings to MMRDA will ensure that the housing needs of the homeless are met and that the intent of the rental housing scheme is honoured.
The Bombay High Court’s directive is a significant step in holding developers accountable to their commitments under government schemes. By enforcing the completion of affordable housing units for the homeless, the court is ensuring that the benefits of such schemes are directed towards those who need them the most, while upholding the integrity of Mumbai’s urban development processes.
Cricketer KL Rahul and actor Suniel Shetty have jointly acquired a 7-acre portion of a 30-acre land parcel located in Owale, Thane West, for 9.85 crore. According to documents reviewed by the Inspector General of Registration (IGR), the transaction was completed in March 2025, with the total stamp duty paid amounting to 68.96 lakh and registration charges of 30,000.
Land Details and Future Prospects
The land, located in Thane West, is part of a larger 30-acre 17 guntha parcel. This acquisition follows a growing trend among celebrities, particularly cricketers, who have recently shown significant interest in real estate investments. With Thane emerging as a popular residential and commercial hub, the land purchase by Rahul and Shetty aligns with their investment strategies in the growing Mumbai Metropolitan Region.
Recent Trends in Celebrity Real Estate Investments
KL Rahul and Suniel Shetty are not the only cricketers investing in real estate. In recent months, cricketer Suryakumar Yadav and his wife Devisha Yadav also made a notable real estate investment by acquiring two apartments in Godrej Sky Terraces in Deonar, Mumbai, for a total value of 21.11 crore. Similarly, cricketer Rohit Sharma rented out his apartment in Lower Parel for 2.60 lakh per month, while Zaheer Khan and his wife Sagarika Ghatge purchased an apartment in Lower Parel for 11 crore.
This latest land acquisition by KL Rahul and Suniel Shetty in Thane is another step in the growing trend of celebrity real estate investments. As real estate in Mumbai and its suburbs continues to be a key area of interest for investors, especially those from the sports and entertainment industries, the potential for long-term value appreciation remains strong. With the property market in Thane gaining traction, this acquisition signals the duo’s confidence in the region's future growth and development.
Birla Estates, the real estate arm of the Aditya Birla Group, is poised to be one of the key growth engines for the group as it accelerates its plans to rank among the top three property developers in India. The company’s growth strategy revolves around expanding its commercial portfolio while continuing to focus on residential developments in key markets such as Mumbai, Pune, NCR, and Bengaluru.
Focus on Expanding Commercial Portfolio
As part of its strategy to strengthen its presence in the real estate sector, Birla Estates is looking to significantly grow its commercial property portfolio. The company is exploring partnerships with global institutional investors and strategic financial partners to drive this growth. With a current commercial portfolio including two grade-A commercial buildings in Mumbai’s Worli, generating annual rental earnings of Rs. 130 crore from 6 lakh sq ft of leasable area, Birla Estates plans to expand further. The company is eyeing its own large land parcels, particularly in areas like Worli, where it could potentially develop 1 million sq ft of commercial space.
Residential Growth and Strategic Market Positioning
Birla Estates has experienced significant growth in its residential vertical, having achieved a record booking value of Rs. 8,000 crore for FY25, a 100% increase from the previous year. The company recorded its largest-ever quarterly sales during the last quarter of FY24- 25, launching five projects across NCR and Bengaluru, and entering the Pune market. Over the last five years, the company has seen a 17-fold increase in its booking value, which is a testament to its successful market choices, positioning, and strong brand equity.
The company’s strategy goes beyond just scale; it aims to build a strong, customer-centric brand, focusing on reputation alongside growth. Birla Estates’ vision aligns with the Aditya Birla Group’s broader focus on consumer-facing businesses, with plans to further strengthen its portfolio over the next few years.
Ambitious Future Plans
Birla Estates has set ambitious goals for the next financial year. The company is planning eight project launches in FY2025- 26, with a focus on premium and luxury housing. Currently, Birla Estates has 17 ongoing projects across four regions, with a saleable area of 14.3 million sq ft that will be delivered in the next 5-6 years.
Birla Estates' expansion into both residential and commercial segments, coupled with its strategic growth plans, positions the company as a key player in India's real estate sector. With its record-breaking performance in FY25 and its commitment to customer satisfaction and brand equity, Birla Estates is on track to become one of the top developers in India in the coming years.
India's real estate sector saw a significant boost in equity investments during the January- March period of FY25, with total inflows reaching USD 2.9 billion, marking a 74% year-on-year increase. This growth highlights strong demand across various asset classes and a continued positive outlook from both domestic and international investors, even amidst global economic challenges.
Drivers of Investment Growth
The sharp rise in equity investment was largely fueled by increased developer activity and a marked interest from real estate investment trusts (REITs) and institutional investors. These inflows are reflective of the sector's strong fundamentals, with a growing demand for various real estate segments, including commercial and residential properties.
Focus on Key Asset Classes
Land and development sites, along with built-up office assets, made up nearly 74% of the total equity inflows during the period. The ongoing demand for office spaces and land for development shows a positive shift in market dynamics, driven by structural changes in occupier preferences. This trend is expected to continue, with both the residential and commercial sectors likely to see further investment growth.
Market Outlook
The increase in equity investment signals a positive outlook for the Indian real estate market, with expectations for sustained interest in both core and emerging market segments. The continued demand for residential, commercial, and industrial properties is expected to drive further growth in the sector.
The 74% increase in equity investment during the January- March period of FY25 underscores the resilience and growth potential of India’s real estate sector. With sustained demand and investor confidence, the sector is well-positioned for continued success, making it an attractive destination for further investment.
The Brihanmumbai Municipal Corporation (BMC) has approved a plan to redevelop slum settlements along the Worli seafront into luxury skyscrapers in partnership with the Slum Rehabilitation Authority (SRA) and a consortium of private developers. This project will span 12 acres of government and BMC land abutting the Coastal Road, with a focus on transforming the area into modern urban spaces.
Key Features of the Redevelopment Plan
The redevelopment will involve the amalgamation of several plots, including both non-slum and slum-occupied areas, to create luxury high-rise buildings and affordable housing for the existing slum dwellers. This "holistic approach to urban redevelopment" is part of efforts to meet the city's housing demands and revitalize a prominent coastal area. The project is also included in the MMR Economic Growth Hub 2030 plan, which aims to position the region as a major economic hub.
Land Use and Developer Involvement
Developers selected for the project will need to combine non-slum plots with slum-occupied plots. This process will be executed under Regulation 33(10) of the Development Control and Promotion Regulations (DCPR)-2034. One of the developers has already paid Rs. 16 crore, representing 10% of the land premium, for one of the non-slum plots.
The BMC also plans to construct two roads—one 60 feet wide and another 40 feet wide—to improve connectivity between Dr. Annie Besant Road and the Coastal Road promenade. These roads will be designed to accommodate bus bays for better transportation access.
Environmental Considerations and Resettlement Plans
The project, aimed at addressing Mumbai's critical housing shortage, will ensure that the redevelopment is in compliance with necessary regulations. The BMC has also proposed provisions for the resettlement of existing slum dwellers, as the development integrates affordable housing within the new structures.
Future Plans and Project Execution
The Worli redevelopment project is a significant step in improving urban housing in Mumbai. It will provide essential infrastructure while addressing the housing needs of the city's lower-income populations. The BMC's collaboration with private developers and the SRA ensures that the project will move forward with clear guidelines and financial commitments.
The redevelopment of slum settlements along the Worli seafront into luxury high-rises is set to be a transformative project for Mumbai. By combining modern residential developments with affordable housing, the initiative is expected to address both the city's housing shortage and its urban renewal goals. The project will play a key role in shaping the future of Mumbai's coastal areas, providing residents with better living conditions and contributing to the city's ongoing economic growth.
Maharashtra Government Approves 256 Acres of Salt Pan Land for Dharavi Redevelopment Project
The Maharashtra government has approved the allocation of 256 acres of salt pan land in Mulund, Kanjurmarg, and Bhandup for the Dharavi Redevelopment Project (DRP), addressing Mumbai's critical housing shortage. The decision comes amid concerns about using salt pan lands for affordable housing, but the state government has reassured that these parcels are safe for construction and free from environmental or ecological concerns.
Clarification on Land Use
The state government emphasized that the salt pan land parcels had been officially decommissioned years ago, with no salt manufacturing taking place for nearly a decade. The land is located west of the Eastern Expressway, where the sea water never reached due to infrastructure developments. The government clarified that the area does not fall within any Coastal Regulation Zone (CRZ) restrictions and is not ecologically sensitive. The wetlands and creek, home to migratory birds like flamingos, are located on the eastern side of the Expressway, further distancing the DRP area from any environmental concerns.
Government’s Vision for Affordable Housing
This move aligns with the Mumbai Development Plan (DP) 2034, approved in 2018, which highlights the need for affordable housing, especially for economically weaker sections of society. The estimated demand for affordable homes in Mumbai was around 10 lakh units by 2021, with 3.5 lakh units dedicated to economically weaker sections. The government's decision to use salt pan land for housing aims to address this gap and provide much-needed homes for the city's residents.
Support for the Initiative
Despite opposition from some quarters, developers and stakeholders have supported the use of salt pan land for affordable housing. Proponents argue that urban infrastructure projects, including metro car sheds and office complexes, have been successfully built on salt pan land without causing harm. The Dharavi Redevelopment Project, involving public-private collaboration, is viewed as a vital solution to Mumbai's housing crisis, particularly in one of the city’s most densely populated areas.
The allocation of 256 acres of salt pan land for the Dharavi Redevelopment Project represents a significant step in Mumbai’s urban renewal. With reassurances regarding environmental safety and adherence to regulations, this project is expected to provide much-needed housing and improve the infrastructure in one of the city's most critical areas. As the redevelopment progresses, it is poised to address the housing needs of Mumbai's growing population while contributing to long-term urban sustainability.
In a bid to enhance transparency and consumer protection, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a new circular mandating that all housing project advertisements prominently display the project's registration details. This directive, effective from April 8, 2025, comes in response to growing concerns from homebuyers about inadequate information disclosure in real estate advertisements.
New Requirements for Housing Advertisements
The circular stipulates that developers must prominently display the following details in all housing advertisements:
MahaRERA Registration Number
Website Address
Project-Specific QR Code
These details must appear in a font size that is equal to or larger than the project's contact information and must be positioned in the top right quadrant of the advertisement. The information should be displayed in clearly visible colours to ensure legibility.
The circular applies to all forms of advertising, including newspapers, leaflets, electronic media, hoardings, social media, and messaging platforms. This move aims to ensure that homebuyers have easy access to critical information and can verify the legitimacy of the projects they are considering.
Penalties for Non-Compliance
Failure to comply with these guidelines will result in penalties ranging from Rs. 10,000 to Rs. 50,000. If corrections are not made within 10 days after the penalty is imposed, further action will be taken under the Real Estate (Regulation and Development) Act 2016. MahaRERA officials noted that earlier, the registration details were often placed in non-prominent areas with small font sizes, which hindered homebuyers' ability to verify whether a project was registered under MahaRERA.
Enhancing Transparency and Consumer Protection
The new directive aims to bolster transparency in the real estate sector and safeguard the interests of homebuyers by making important project information more accessible. Homebuyers have long expressed frustration over the lack of visible registration details in project advertisements, particularly in large boards and ads for new developments.
According to Section 11(2) of the Real Estate (Regulation and Development) Act, 2016, all promoters must include the registration number obtained from the authority and the MahaRERA website address in every advertisement. Additionally, Rule 14(2) of the Maharashtra Real Estate (Regulation and Development) Rules, 2017, requires registered real estate agents to include both the agent registration number and the project registration number in all advertisements.
Reactions from Homebuyers and Developers
Homebuyers have welcomed the new directive, saying that the visibility of MahaRERA numbers in advertisements will help them make more informed decisions. However, some critics argue that these regulations should have been enforced earlier, given that over 40,000 projects are already registered under MahaRERA.
Developers are now expected to adjust their advertising practices to meet the new guidelines, ensuring that all necessary registration details are visible and easily accessible to prospective buyers.
MahaRERA’s new regulation aims to protect homebuyers by ensuring that they have easy access to essential project information before making any purchasing decisions. By mandating the prominent display of registration details in advertisements, the state government is taking significant steps toward improving transparency and accountability in the real estate sector.
Maharashtra’s Minister of State for Housing recently conducted a detailed review of the ongoing housing projects under the Mumbai Housing and Area Development Board (MHADB). The review aimed to streamline the execution process and ensure that all stages of redevelopment and beneficiary rehabilitation are completed within the prescribed timelines.
Focus on Timely Project Execution
The minister, along with senior MHADB officials, emphasized the importance of adhering to timelines for project completion. Clear instructions were given to accelerate the implementation process and avoid delays in planning and execution. The minister also directed that necessary administrative actions be taken promptly to ensure housing units are delivered to eligible beneficiaries per the norms.
Strengthening Accountability and Coordination
The review also focused on enhancing accountability in the execution of these projects. The minister called for improvements in grievance redressal systems to make them more structured, responsive, and transparent. Public engagement mechanisms will be strengthened to ensure that residents’ concerns are addressed efficiently.
Additionally, the minister stressed the need for close coordination with various government agencies to facilitate the approval processes, including town planning permissions. Ensuring essential infrastructure services, such as electricity, water supply, and roads, are linked to these redevelopment projects was also a key point discussed during the review.
Regular Monitoring and Reporting
To ensure that the projects remain on track, the minister instructed that regular status reports be submitted to the Housing Department. These reports should include detailed documentation of execution milestones, ensuring that each project's progress is actively monitored and managed.
The comprehensive review underscores the government's commitment to accelerating the delivery of affordable housing through efficient project management. By improving timelines, coordination, and accountability, the Maharashtra government aims to enhance the quality of life for residents and address the city’s growing housing demands.