Author name: dreamspersqftmagazine

Mumbai/Pune, 16th October 2025: Traditionally, the real estate sector launches new housing projects during the festive season of Dussehra and Diwali. This year is no exception. In order to enable launch of new housing projects on the auspicious occasion of Dussehra, the Maharashtra Real Estate Regulatory Authority or MahaRERA issued a record number of registration numbers. Additionally, MahaRERA granted extensions as well as permitted corrections to the existing projects in line with the proposed plans as submitted by the respective developers. A total of 809 applications were approved by MahaRERA to issue new registration numbers, extend the timelines and make corrections to the existing ones. To make the record happen, the entire workforce at MahaRERA worked round the clock. On the eve of Dussehra alone, 200 projects were granted certificates of approval. This is the first time such a large number of new housing projects have received MahaRERA registration numbers during Dussehra. Out of the 809 projects, 405 received new registration numbers, the deadline of 209 projects were extended and 195 proposals for corrections to the existing projects were approved. The most number of projects came from Pune city alone at 122. From the other areas of Pune region 6 were from Satara, 4 each from Kolhapur and Sangli and 3 from Solapur. The entire Mumbai Metropolitan Region, including the Greater Mumbai limits, accounted for 197 projects. This included 63 from Mumbai city and suburbs, 58 from Thane, 41 from Raigad, 22 from Palghar, 9 from Ratnagiri and 4 from Sindhudurg. From Vidarbha, 31 projects were approved, including 20 from Nagpur, 5 from Amravati, 4 from Akola and 2 from Chandrapur. From the region of Khandesh, 29 projects were approved, with 23 from Nashik, 5 from Ahilyanagar and 1 from Dhule. Comparatively, Marathwada saw 9 projects getting approval, this includes 5 from Chhatrapati Sambhajinagar, 3 from Jalna and 1 from Latur. Between April 25 and September 25, that is within 6 months, 4,940 project proposals were approved by MahaRERA. Of this, 2,039 new housing projects were issued registration numbers. In addition, 1,748 proposals for timeline extensions and 1,153 for corrections in the existing projects were also accorded approvals. In the real estate industry, the auspicious festive occasions of Dussehra and Diwali hold equal importance. Therefore, MahaRERA is ensuring that the housing projects that meet the legal, technical and financial criteria as set by the regulator are granted the nod. For this, the entire system of MahaRERA’s registration department is making due efforts.

CREDAI- MCHI Organizes First-of-Its-Kind Industry Initiative ‘Real Estate Leaders’ Convergence’ —to Unite Real Estate Bodies, Drive Policy Reform, and Accelerate Ease of Doing Business Mumbai, October 06, 2025 — In a landmark move for India’s real estate sector, CREDAI-MCHI, the apex body of real estate developers in the Mumbai Metropolitan Region (MMR), under the visionary leadership of its newly elected President Sukhraj Nahar, has organised the Real Estate Leaders’ Convergence — a first-of-its-kind initiative uniting leading real estate bodies like NAREDCO, BDA, PEATA and CREDAI MCHI by bringing them together on a single platform. The historic coming together is designed to foster unity, drive policy reforms, harmonize regulations, and enhance the Ease of Doing Business in real estate. By bringing together diverse industry voices, the Convergence showcased CREDAI-MCHI’s commitment to building consensus, resolving bottlenecks, and creating a powerful collective voice for dialogue with policymakers. The gathering marked a shift from fragmented advocacy toward unified strength, emphasizing the need to move beyond short-term gains and focus on shaping a resilient, sustainable, and globally competitive Mumbai. With this bold step, CREDAI-MCHI in collaboration with NAREDCO, BDA & PEATA aims to set a transformative agenda for the sector, fostering growth and bringing about Ease of doing business for developers, culminating into benefits for homebuyers, and the city. Instead of operating in silos, participating organizations have pledged to speak with a unified voice. A Joint Task Force, comprising representatives from each body, will channel collective industry inputs, prioritize reforms, and engage directly with government authorities. The Task Force’s work will align closely with Ease of Doing Business reforms—ensuring faster approvals, streamlined processes, and greater transparency. The state is expected to formally constitute a Chief Minister’s Committee, to enable regular formal and informal consultations/discussions with the Honourable Chief Minister, Shri Devendra Fadnavisji in relation to all aspects of the Real Estate Industry for enabling decisive action on various policy issues. Sukhraj Nahar, President, CREDAI-MCHI, drew on the and symbolism of the gathering and the excitement amongst its participants, stating “For too long, every association has marched to its own drum—battling regulatory obstacles in isolation, incurring huge legal fees whilst fighting the same causes but separately. The time has come where we shirk our inhibitions and our reservations of the past. We must pool our knowledge, our capital, our energy for the common benefit of the industry. Let our common voice amplify and echo within the corridors of Power. There is so much strength in unity and we must project this unity in its truest form to build greater credibility with the government and various other stakeholders. The issues discussed in the convergence were bifurcated in UD, MCGM, MHADA, SRA, Environment, UDCPR & other ULBs. Key priorities emerging from the discussion include streamlining approval procedures (from IOD to CC and OC), digitizing regulatory processes to bring about transparency, and locking in rules once a project is approved to shield developers from subsequent ad hoc changes. Participants emphasized the need to bring about better coordination among agencies like environment, civil aviation, municipal planning and various sanctioning authorities like MCGM, MHADA, SRA, MMRDA, CIDCO, MMRDA etc—to prevent projects from being caught in conflicting mandates. Premiums remained a burning issue amongst attendees, wherein consensus view was that there was a need to restructure the payment schedule of premiums in 10:10:80 format rather than reducing the same. Reducing premiums would hamstring the Governments ability to take on transformative projects for the city, with the Atal Setu, the coastal road, freeways & metros, all testament to premiums being put to good use. Restructuring of payment schedule whilst a revenue neutral proposal for the Government, would ensure that the project cash flows pay for the premiums rather than burdening the Developers for the same. Rushi Mehta, Secretary, CREDAI-MCHI, echoed the sentiments of the summit, “coming together of associations is but the first step in enabling and moving towards Ease of Doing Business for the Real Estate Industry. The heart, centre and core of this movement should be the ultimate welfare of the customer and all initiatives should be driven towards achieving the same.” As the issues raised piled on thick and fast, Mr Mehta urged the leaders at Convergence Meet, that we as a Developer Fraternity have a higher responsibility of building a great city, a liveable city, one where our future generations can thrive and proudly call its own and this has to be our single-minded focus even if its sometimes at the expense of maximisation of Profit or FSI consumption. CREDAI-MCHI, through this initiative, has positioned itself as a champion of Mumbai’s real estate and a driving force for industry-level unity, coherence, and sustainable growth. With this convergence, CREDAI-MCHI has signalled a new era of collaborative leadership and forward-thinking reform, setting benchmarks not just for MMR but for the entire Indian real estate landscape. CREDAI-MCHI is the apex body of real estate developers in the Mumbai Metropolitan Region. (MMR). With an impressive membership of over 2200+ leading developers in MMR, CREDAI-MCHI has extended its reach throughout the region, establishing units in various locations such as Thane, Kalyan-Dombivli, Mira-Virar, Raigad, Navi Mumbai, Palghar-Boisar, Bhiwandi, Uran-Dronagiri, Shahapur-Murbad, and most recently in Alibaug, Karjat-Khalapur-Khopoli, and Pen. Being the only Government-recognised body for private sector developers in MMR, CREDAI-MCHI is dedicated to promoting the industry’s organisation and progress. The association is committed to driving policy reform, housing innovation, and sustainable development in partnership with the government and urban stakeholders. As a part of CREDAI National, an apex body of 13000 developers across the nation, CREDAI-MCHI has emerged as a preferred platform for regional discussions on housing and habitat by establishing close and strong ties with the government. It is committed to breaking barriers to create a strong, organised, and progressive real estate sector in the MMR.The vision of CREDAI-MCHI is to empower the Real Estate fraternity of the Mumbai Metropolitan Region as it preserves, protects, and advances the right to housing for all. To continue being a trusted ally, guiding their members, supporting

Pune, 6th October 2025: CBRE South Asia Pvt. Ltd, India’s leading real estate consulting firm, today announced the findings of its report, ‘CBRE India Office Figures Q3 2025’, highlighting that the office space leasing in Pune stood at 3.2 mn. sq. ft in the July-September quarter reflecting a 68.4% growth year-on-year. The leasing was mainly driven by Engineering & manufacturing sector which accounted for 42% of the city’s total leasing. It was followed by Flexible space operators (19%) and Technology (15%). Pune has also emerged as a major hub for GCCs, accounting for 25% of the total leasing by these centres during Jul–Sept 2025. On a pan-India basis, the office leasing reached 59.6 million square feet (mn. sq. ft.) in the first nine months of 2025 – the highest ever during this period. The report added that technology companies held the highest share in office leasing between January and September. “This record-breaking performance reflects the resilience and evolving dynamics of India’s commercial real estate sector,” said Anshuman Magazine, Chairman & CEO, India, South-East Asia, Middle East & Africa at CBRE. “As occupiers seek future-ready spaces, sustained preference for flight-to-quality assets continue to anchor this momentum. Going forward, the sustained leasing in premium assets is expected to drive vacancy compression and occupiers are likely to continue exploring peripheral locations, driven by the infusion of high-grade supply.” According to the report, Bengaluru emerged as the frontrunner in the office space absorption during Jan-Sept 2025, accounting for 25% of the total with 15.1 mn sq. ft. leased. Mumbai and Delhi-NCR followed with the leasing of 10.6 mn. sq. ft. and 10.2 mn. sq. ft. respectively. Together, these three key markets represented about 61% of the overall office leasing during the period. Global Capability Centres (GCCs) continued to be the main drivers of the office demand during Jan-Sept 2025, accounting for almost 39% of the total leasing. Bengaluru followed by Pune and Delhi-NCR together accounted for 67% of the total GCC leasing. Among all sectors, technology firms accounted for the largest share of leasing in 9M 2025. It was followed by flexible space operators and BFSI companies. Cumulatively, these three industries alone accounted for a cumulative share of 60% during Jan-Sept’25. Ram Chandnani, Managing Director, Leasing, CBRE India, said that GCCs would remain pivotal to office absorption, accounting for 35-40% of total leasing in 2025. “Established players might continue taking up space in large integrated tech parks, while new entrants are expected to leverage flexible spaces. While US firms currently dominate the GCC landscape, rising interest from EMEA and APAC occupiers is anticipated to widen the demand base,” he added. During Q3 2025, office sector leasing stood at 19.9 mn sq. ft. The supply stood at 13.6 mn sq. ft. Bengaluru spearheaded office absorption in Jul-Sept’25 with a 22% share, closely followed by Mumbai at 20% and Delhi-NCR at 19%. As the demand for quality spaces rises, the supply has also seen an uptick with developers responding by delivering green-certified, amenity-rich campuses that align with the ‘flight-to-quality’ strategy. During the first nine months of this year, the supply rose 10% year-on-year to 41 mn. sq. ft. It was led by Pune, Bengaluru, and Delhi NCR, with a combined share of 66%. “The current year is expected to conclude with a consistent pipeline of high-quality office stock, with Bengaluru, Hyderabad, and Delhi-NCR at the forefront,” Magazine added.

Pune, 4th October 2025: The Navratri festival proved to be lucrative for the Registration and Stamp Duty Department, with 11,234 property deeds registered over ten days, generating revenue of Rs 407 crore. Punekars celebrated Vijayadashami by investing in properties, including flats, during the Navratri and Dussehra period. From September 23 to 26, more than 1,500 deeds were registered daily across the 27 secondary registrar offices in the city. From September 29 to October 1, registrations ranged between 1,300 and 1,500 deeds per day. On other days, the city typically registers 800 to 1,000 deeds. “This year, deed registrations during the Navratri festival increased by one and a half times compared to previous years,” said Pune City Sub-District Registrar Santosh Hingane. The surge reflects a growing trend among Punekars to invest in real estate during festive occasions, combining cultural celebrations with financial planning.

CREDAI Pune Enters Strategic Partnership with BCA International, Singapore to Champion Sustainable and Cutting-Edge Building Solutions An 80-member delegation from CREDAI Pune is in Singapore under its CIBF arm to study and explore best practices in sustainable construction and urban planning     Pune, 10 September 2025: The Confederation of Real Estate Developers’ Associations of India (CREDAI) Pune has signed a Memorandum of Understanding (MoU) with BCA International Pte Ltd (BCAI), Singapore, a subsidiary of the Building and Construction Authority (BCA), to collaborate in advancing sustainable, innovative, and high-quality building practices in India’s real estate and construction sector. The MoU was signed by Mr. Manish Jain, President, CREDAI Pune and Mr. Heng Teck Thai, Executive Director, BCA International Pte Ltd in Singapore. The MoU was signed against the backdrop of an 80-member delegation from CREDAI Pune’s CIBF, which undertook a study tour in Singapore to engage with developers, architects, construction companies, policymakers and government officials and learn from their world-class real estate practices for adaptation in India. On this occasion, the Indian High Commissioner to Singapore, Dr. Shilpak Ambule, Indian High Commissioner of India to Singapore, addressed the delegation, emphasizing the importance of strengthening ties and fostering collaboration in the real estate sector. He said “A lot of Singaporean companies want to invest in India, especially Pune and we at the High Commission will be happy to facilitate.” Under this strategic partnership, both organisations will collaborate to: Green Certification: Facilitate BCA Green Mark certifications for CREDAI members’ projects in India, promoting Super Low Energy Buildings (SLEB) and advancing Net Zero ambitions. Knowledge Sharing & Training: Deliver customised training programs, site visits, and best practice exchanges focused on green building standards, construction quality, and advanced construction techniques. Networking Opportunities: Foster business collaborations and regional networking through platforms such as the annual International Built Environment Week in Singapore. Technology Adoption: Enable Singapore-based firms to partner with CREDAI members on sustainable, innovative, and smart building solutions in India. Centre of Excellence: Support the development of a Centre of Excellence by CREDAI Pune, promoting cutting-edge construction technologies and industry-leading solutions for the built environment sector. The Confederation of Real Estate Developers’ Associations of India (CREDAI) Pune took a visionary leap in 2013 by founding the CREDAI International Business Forum (CIBF), a pioneering initiative aimed at advancing Pune’s real estate sector through local and global collaborations. Established as a strategic platform, CIBF fosters meaningful engagement between Indian developers and international companies, consultants, policymakers, government officials, and innovators—facilitating joint study, research, and the exchange of best practices to adopt and implement advanced construction technologies, sustainable development models, and effective urban planning strategies. This year’s study tour in Singapore featured insightful site visits and high-level meetings with policymakers, government representatives, and leaders in Singapore’s public housing and urban development sector, including the Urban Redevelopment Authority (URA), Housing & Development Board (HDB), Building and Construction Authority (BCA), as well as numerous prominent architects and consultants.These interactions fostered valuable networking opportunities and offered practical insights for the CREDAI Pune delegation, enabling the adaptation of Singapore’s world-class practices—such as prefab technology for faster construction, green integration for sustainability, smart zoning for enhanced livability, as well as advanced urban planning and construction safety measures—into the Indian real estate sector. The experiential learning and knowledge exchange are expected to strengthen CREDAI’s ability to innovate and respond effectively to evolving regulations and market demands. The Building and Construction Authority (BCA) of Singapore plays a key role in driving safe, sustainable, and innovative real estate development. As a statutory board under the Ministry of National Development, it bridges government policy and industry practice. BCA implements forward-looking regulations like the Green Mark Scheme and smart zoning to promote advanced, eco-friendly construction and serves as a vital partner for developers, providing expertise, frameworks, and guidance for high-quality, future-ready projects. The MOU with CREDAI further reinforces BCA’s commitment to sharing its expertise and supporting the growth of sustainable, innovative real estate practices in India. Speaking on the occasion, Mr. Manish Jain, President, CREDAI Pune, said, “This collaboration marks a significant step towards CREDAI Pune’s vision of promoting sustainability, innovation, and global best practices in construction. Partnering with BCAI will help our members adopt international benchmarks and move closer to India’s Net Zero commitments.” Mr. Heng Teck Thai, Executive Director, BCA International Pte Ltd, added, “We are delighted to partner with CREDAI Pune. Together, we aim to empower the Indian construction sector with Singapore’s expertise in green and smart building practices and foster cross-border opportunities that benefit both ecosystems.” The CIBF delegation was led by Mr. Manish Jain, President of CREDAI Pune, along with Vice Presidents Arvind Jain, Nitin Nyati, and Vinod Chandwani. The 2025 CIBF Working Committee members – Hiren Parmar, Ketan Ruikar, Puneet Oswal, Ishan Magar, Vishal Jumani, and Mohnish Agarwal were also part of the delegation. About CIBF: CREDAI International Business Forum CREDAI International Business Forum (CIBF) an initiative by CREDAI Pune that annually organizes local, national, and international study tours for its 100+ esteemed developer members. The CIBF Study Tours commenced in 2006 and formally names CIBF in 2013, with a vision to provide new opportunities to explore new technologies, innovative construction materials, advanced methodologies, and modern architectural designs shaping the global real estate industry. Over the years, CREDAI-Pune has organized international visits to Japan, China, Dubai, UK, Malaysia, Netherlands, Germany, South Korea, Spain, Russia, Singapore and other countries. In addition, local study tours are also conducted to facilitate knowledge exchange and hands-on learning for members. The initiative helps developers bring global best practices to Pune’s real estate sector, fostering innovation and sustainable growth. About CREDAI Pune: Established in 1982, CREDAI Pune is the apex body of real estate developers in Pune and Pimpri-Chinchwad with over more than 2,000 member developers including its associate and RERA members, , accounting for nearly 70% of construction activity in the Pune Metropolitan Region. About BCA International (BCAI): BCAI is a wholly owned subsidiary of Singapore’s Building and Construction Authority (BCA). It promotes overseas collaborations by sharing

Mumbai, 8th September 2025: The Maharashtra Real Estate Regulatory Authority (MahaRERA), between October 2024 and July 2025, has disposed of as many as 5,267 complaints on various issues filed by homebuyers. In fact, the first hearing of the complaints of homebuyers filed with MahaRERA till the end of July 2025 has also been held, or dates for hearing of some of them have also been fixed. Homebuyers invest their lifetime’s savings to purchase a house, however, due to varied reasons such as delayed possession of homes, substandard construction quality, missing amenities and facilities mentioned in the agreement among other issues arise. In such a scenario, it is MahaRERA’s responsibility to protect the homebuyers’ legitimate interests by taking time cognisance of the complaints and justice should be done. To expedite hearings of the complaints received from the aggrieved homebuyers, MahaRERA Chairman Manoj Saunik and his team of Members – Mahesh Pathak and Ravindra Deshpande has initiated the measures. Their efforts have led to a remarkable success in resolving numerous cases pending from a long time. Between October 2024 and August 2025, these three individuals resolved a total of 5,267 complaints, providing relief to homebuyers. In fact, during this duration, 3,743 complaints were filed. For the first time, MahaRERA has created an efficient system where complaints are registered and hearings take place within one or two months of filing. Since the establishment of MahaRERA in May 2017, 30,833 complaints have been filed. Of these, 23,726 grievances have been resolved. This includes 23,661 plaints from 3,523 projects prior to MahaRERA’s establishment and 6,218 complaints from 2,269 projects post the authority’s creation. Number of complaint levels from projects launched after establishment of MahaRERA stands at 21%, while those projects launched pre-RERA era is at 79% Currently, there are 51,481 projects are registered from across Maharashtra, of which cases have been filed against 5,792. To prevent any complaints from homebuyers in future, it is essential that projects are completed within the promised timeline. For this, keeping in mind the possible obstacles in project’s completion, MahaRERA strictly scrutinises every application at project registration stage. Three step scrutiny is being undertaken – legal, financial and technical to determine possibility of project’s completion. MahaRERA has set up three independent groups for each of the steps involved, who rigorously assess and examine application of the proposed projects. Projects that do not meet any of the criteria are not granted a MahaRERA registration . The authority’s aim is not only to ensure that homebuyers’ investments are safe and secured but also to prevent the possibility of complaints arising in the future.