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Mumbai, 30th January 2025 Panasonic Life Solutions India (formerly known as Anchor Electricals) has acquired a plot of land in Andheri East, Mumbai, for Rs 160 crore, according to property registration records. The 6,586.90-square-metre land was purchased from River Rose Developers LLP. The deal involved a stamp duty of Rs 9.60 crore and a registration fee of Rs 30,000, as stated in the documents. The transaction was officially registered on January 29, 2025, with the Inspector General of Registration (IGR) under the Government of Maharashtra. Andheri East, a prominent commercial and residential area, is well-connected through the Western Express Highway, Metro Line 1, and its proximity to both domestic and international airports. The region also houses a thriving business ecosystem, including SEEPZ, the Maharashtra Industrial Development Corporation (MIDC), and various corporate offices. In the past year, Andheri East has seen 1,421 property transactions, totalling a sales value of Rs 2,247 crore. The average property rate in the area is Rs 37,778 per square foot, with an average rental rate of Rs 74.8 per square foot. Property prices have experienced a 3% year-on-year increase, according to Square Yards Intelligence. Panasonic Life Solutions India is a fully owned subsidiary of Panasonic Corporation, a Japanese multinational electronics company. Since 1963, the company has been a leading player in India’s electrical construction materials sector and was acquired by Panasonic in 2007.

Mumbai, January 30, 2025 NAREDCO Maharashtra has entered into a strategic partnership with the International Finance Corporation (IFC) EDGE team. This collaboration has come to fruition due to the efforts of the NextGen team, which played a key role in facilitating the partnership. They will work together to unlock global financing opportunities that will not only drive growth in the real estate sector but also focus on sustainable practices, ensuring that India moves towards a greener, more environmentally conscious future. The Letter of Collaboration was signed by Mrs. Diep Nguyen van-Houtte, Global Senior Manager of the Climate Business Department at IFC; Mr. Autif Sayyed, Green Building LEAD for South Asia at IFC; and Mr. Ridham Gada who signed it on behalf of NAREDCO Maharashtra. Mr. Ridham Gada is currently the President of NAREDCO Maharashtra NextGen. According to this partnership, the IFC EDGE team will provide technical expertise on green building standards by conducting knowledge sessions at selected NAREDCO chapters, offering free EDGE expert training programs, and facilitating the representation of developers with EDGE-certified projects at EDGE Expert Café events and other regional gatherings. At the same time, NAREDCO Maharashtra will support these efforts by organizing knowledge sessions with various NAREDCO chapters, advocating for the inclusion of EDGE standards in local and state incentive programs, and championing EDGE representation at NAREDCO-hosted events. This collaboration promises to empower NAREDCO’s member community with the tools and insights needed to drive the widespread adoption of sustainable real estate practices, positioning Maharashtra as a leader in green building development. Mr. Prashant Sharma, President, NAREDCO Maharashtra, remarked, “This partnership with the IFC EDGE team marks a pivotal moment for the real estate sector in Maharashtra. IFC’s unparalleled expertise in sustainable development and their global experience in financing green projects resonate with our vision to create a future where sustainable buildings are the norm. Collectively, we will enable stakeholders to spearhead meaningful, sustainable change and create environmentally-friendly, intelligent cities of the future.” Mr. Ridham Gada, President, NAREDCO Maharashtra NextGen, added, “As the next generation of leaders in real estate, we are deeply committed to shaping a sustainable future. Our collaboration with IFC is a leap forward in creating a culture of sustainability among young professionals and the industry at large. This partnership will not only reshape the way we build today, but it will lay the foundation for how we live tomorrow, ensuring that the projects we undertake today continue to benefit future generations.” Through these concerted efforts, NAREDCO Maharashtra aims to empower the real estate industry to build smarter, more sustainable cities that meet the challenges of climate change, reduce carbon footprints, and contribute to a greener, more resilient future for the people of Maharashtra. This partnership will lay the foundation for not only better construction practices but also a more environmentally responsible approach to urbanization in India.

Mumbai, 27th January 2025 The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced the results for the 6th examination for real estate agents. With a passing score of 89%, 6,755 of the 7,624 candidates cleared the examination. Among the six rounds of examinations held so far, the latest had the highest number of candidates clearing the test* The pass percentage of the previously held examinations are as follows: 1st – 96% 2nd – 93% 3rd – 89% 4th – 86% 5th – 87% Of the 7,624 candidates who appeared for the 6th examination, 6,755 cleared it. This includes 5,637 males and 1,118 females. Of these, 264 candidates are senior citizens (above 60 years) and it includes 13 ladies. In the latest round, Pune’s Mr. Praveen Kamble stood first by scoring 98%. The eldest candidate who cleared the test is 84-year-old Mr. Daulatsinh Gadhvi from Mumbai. In all the six rounds of examinations held for the real estate agents, a total of 20,125 are certified agents. The result break-up of all the examinations held are as follows: 1st – 405 2nd – 2,812 3rd – 4,461 4th – 1,527 5th – 4,165 6th – 6,755 As per the circular issued on January 10, 2023 by MahaRERA, it is mandatory for the property consultants/ real estate agents to undergo training and secure the necessary certificate to get themselves registered for the first time as well as for renewal of their licence. In the real estate industry, an agent plays a pivotal role as they are an intermediary between the homebuyer and the developer. Usually, the property consultants are the first point of contact for the flat purchaser. In fact, an agent provides preliminary information related to the project to the homebuyer, thereby acting as an introducer of a housing project. Hence, it is crucial that this important stakeholder of the realty industry should be aware of the provisions under the Real Estate (Regulation and Development) Act, 2016. It is their responsibility to provide homebuyers with the necessary and crucial information pertaining to the model agreement for sale, allotment letter, defect liability period, carpet area, facilities and amenities, rules on parking slots, etc. They play an important role in ensuring there is uniformity and implementation of the RERA Act, 2016, and also in clarifying homebuyers’ doubts. Apart from the flat purchaser accessing project related information from MahaRERA’s website, details provided by the property consultants assist the homebuyers in firming up their decision to purchase a certain property. Therefore, in the interests of the homebuyers, MahaRERA has made it mandatory for the real estate agents to undergo training and secure the certificate.

Mumbai, January 2025 Bollywood superstar Akshay Kumar has added another feather to his cap, this time in the real estate market. Following in the footsteps of megastar Amitabh Bachchan, Akshay Kumar has successfully sold a premium property in Mumbai for Rs 4.25 crore, showcasing the booming potential of the city’s real estate market. The property, located in Oberoi Sky City, Borivali East, is part of a prestigious project by Oberoi Realty. The luxurious apartment, with a carpet area of 1073 square feet and two car parking spaces, was sold earlier this month as per property registration documents reviewed by Square Yards through the Inspector General of Registration (IGR). The transaction incurred a stamp duty payment of Rs 25.5 lakh and registration charges of Rs 30,000. Akshay Kumar originally purchased the apartment in November 2017 for Rs 2.38 crore. This latest deal marks an impressive 78% appreciation in value over a span of just seven years, underlining Mumbai’s status as a lucrative real estate hub. Mumbai, often referred to as the heart of Bollywood, is also one of India’s most dynamic property markets. According to a Knight Frank survey, the city ranked second globally for property price appreciation in luxury residential homes last year. Bollywood celebrities are increasingly active in this space, making significant investments and often turning impressive profits on sales. ### A Glimpse Into Akshay Kumar’s Lavish Real Estate Portfolio Beyond his primary residence in Juhu, which offers sweeping views of the Arabian Sea, Akshay Kumar’s real estate portfolio is nothing short of spectacular. He owns properties across Mumbai and globally, including: – A Portuguese-style villa in Goa worth Rs 5 crore. – A beach house in Mauritius. – Several properties in Toronto, Canada. The actor’s sea-facing duplex apartment in Juhu, valued at approximately Rs 80 crore, has been a subject of admiration. Designed with a blend of comfort and style, the home features a lush garden, a state-of-the-art gym, a home theatre, a walk-in closet, and a cozy living room. Twinkle Khanna, his wife and celebrated author, describes their residence as a space that reflects their personalities. Speaking to Vogue India, Twinkle shared, “A beautiful home is a home that is true to the people that live in it. No matter what happens, I can’t think of living anywhere else.” Oberoi Sky City, the property Akshay recently sold, is spread across 25 acres and offers 3BHK, 3BHK + studio, and duplex apartments with world-class amenities. The project also boasts high-profile owners, including actor Abhishek Bachchan. This profitable sale not only highlights Akshay Kumar’s sharp investment acumen but also reinforces Mumbai’s position as a hotbed for luxury real estate.

Mumbai, 21st January 2025 Amitabh Bachchan has sold his duplex apartment in Mumbai’s Andheri area for Rs 83 crore, as confirmed by property registration documents. The 5,185 sq ft apartment, located on the 27th and 28th floors of The Atlantis building, was sold on January 17. The sale of the property includes a stamp duty of Rs 4.98 crore and a registration fee of Rs 30,000. It also offers six car parking spaces. The documents show that the buyers of the apartment are Vijay Singh Thakor and Kamal Vijay Thakor. Bachchan purchased the duplex in April 2021 for Rs 31 crore, reflecting a remarkable 168% increase in value. In November 2021, the apartment was rented out to actress Kriti Sanon for Rs 10 lakh per month, along with a Rs 60 lakh security deposit. While no comments have been made by Bachchan or the buyers about the sale, the transaction has drawn considerable attention due to its high value. From 2020 to 2024, the Bachchan family made significant real estate investments, totalling nearly Rs 200 crore. In 2024 alone, they invested over Rs 100 crore in residential and commercial properties in Oshiwara and Magathane (Borivali East), reinforcing their strategic investment approach in the real estate sector.

Pune, 18 January 2025 Maestro Realtek, a renowned strategic real estate partner, is thrilled to announce its collaboration with Krishnav Developers to launch the much-anticipated project, codename GOLDEN JEJURI. This landmark project is located in Jejuri’s culturally rich and serene surroundings and promises to blend heritage, tranquility, and modern connectivity for discerning investors and homeowners. Nestled near the iconic Jejuri Temple, renowned for its spiritual and historical significance, Project Codename GOLDEN JEJURI offers an unparalleled opportunity to live amidst a rich tapestry of heritage and nature. The project features a sprawling 16-acre land parcel comprising 196 meticulously planned NA bungalow plots, ranging from 1,000 to 4,000 square feet. These plots are primed for immediate possession, offering investors a unique chance to capitalize on the region’s meteoric rise in value. With an FSI (Floor Space Index) of up to 1.85 and possession slated for January 2027, the development is poised to become a beacon of modern living infused with cultural richness. Adding to its allure, the project is just 10 kilometers from the proposed Purandhar International Airport, a transformative infrastructure development expected to boost regional connectivity and real estate value. The proximity to Nazare Dam, Jejuri Railway Station, and major cultural landmarks like the Moregaon Ganesh Temple further enhances its appeal as a tranquil yet connected lifestyle destination. Project Codename GOLDEN JEJURI boasts an impressive array of amenities tailored to meet the needs of modern families. The development includes a grand entrance gate and security cabin, a swimming pool, a clubhouse, and an amphitheater with seating. It also features an open gym, jogging track, tennis court, and practice basketball court. For families, there are dedicated kids’ play areas, a toddler play zone, and a senior citizen gazebo. Decorative landscaping, water fountains, and a temple add to the charm. At the same time, an event lawn with a stage, pergola seating, and outdoor study kiosks create a perfect balance between recreation and relaxation. This carefully curated 30+ amenity reflects a commitment to creating a holistic living environment that seamlessly blends relaxation, recreation, and cultural enrichment. Speaking on the launch, Nitin Gupta, Founder, and Managing Director of Maestro Realtek, stated, “Our partnership with Krishnav Developers for this visionary project aligns with our commitment to delivering exceptional real estate solutions. Codename GOLDEN JEJURI embodies our philosophy of combining strategic location advantages with lifestyle-centric amenities, making it an ideal choice for investors and second-home buyers.” Adding to this, Dr. Rajesh Sambhaji Sathe, Managing Director of Krishnav Developers, remarked, “At Krishnav Developers, we envision creating spaces that resonate with the aspirations of modern families while staying rooted in heritage. Project Codename GOLDEN JEJURI perfectly represents this vision, offering a serene environment, excellent connectivity, and robust infrastructure. This project is not just about plots; it’s about crafting a lifestyle that bridges the past and the future.” Jejuri holds a special place in Maharashtra’s cultural and historical narrative. Known as “Khandoba’s Jejuri,” the town attracts thousands of pilgrims annually, making it a hub of spirituality and tradition. The launch of Project Codename GOLDEN JEJURI marks a significant step in integrating this rich heritage with modern urban planning, ensuring that the region’s natural beauty and historical essence are preserved while unlocking new avenues for economic and residential growth About Maestro Realtek: Maestro Realtek is founded by Nitin Gupta, an avid real estate professional with over 18+ years of experience. His desire to provide knowledge-based and outcome-driven real estate solutions prompted him to set up Maestro to make a real difference in the real estate ecosystem. Maestro Realtek is the ultimate destination for effective real estate business solutions. The company is a knowledge-driven and trusted strategic partner, offering comprehensive end-to-end assistance to real estate developers and landowners. Their commitment to leveraging knowledge and expertise ensures that clients receive the most informed and effective solutions throughout every stage of their real estate endeavors from growth strategies to land acquisition for business expansion, sales, marketing, and CRM, they provide a complete package of solutions. With their expertise in velocity selling, their primary goal is to rapidly and effectively accelerate clients’ sales. Moreover, the company leverages cutting-edge technology, data analytics, and market-driven approaches to ensure significant profitability and remarkable cash flow for its clients. At the core of their mission is the drive to create a meaningful impact. Maestro aspires to be a progressive and growth-focused organization led by passionate professionals, generating value for all its stakeholders. The vision of Maestro Realtek is to add long-term value to the real estate industry. They aim to become India’s leading real estate brand, setting new benchmarks in all aspects of operations and earning greater goodwill along the way. The company’s objectives revolve around creating lasting impacts on businesses, enhancing profitability, reducing turnaround time, executing effective marketing strategies, building strong brands, and ultimately contributing to real estate success stories. With Maestro Realtek as your partner, you can expect a complete 360° business transformation, fostering growth and prosperity in the real estate realm. For more information visit the website: https://maestrorealtek.com/ For Media queries: Sonia Kulkarni | Managing Partner | Hunk Golden & Media | 98201 84099

Pune, January 16, 2025 CREDAI Pune Metro successfully organized a grand festival for Channel Partners, D2C, on January 16th at the Agricultural Ground, drawing thousands of Channel Partners from Pune and across the state. The event celebrated the vibrant real estate ecosystem and reinforced the strong bond between developers and channel partners. A key highlight of the event was a captivating film on Pune City, showcasing its unparalleled charm, growth potential, and why it remains a preferred destination for living, investing, and doing business. Prominent industry leader Satish Magar highlighted Pune’s appeal, emphasizing its status as a cultural, educational, IT, and automobile hub. He further stated that Pune’s beautiful weather adds to its allure, making it a top choice for homebuyers and investors alike. Influencers Mayank Agarwal and Saudagar also praised the city, sharing their admiration for Pune’s unique qualities and opportunities. Ranjeet Naiknaware, President of CREDAI Pune Metro, underscored the importance of the relationship between developers and channel partners in fostering mutual growth and success. The event was inaugurated by Darshan Chawla, President of the Professional Realtors of Pune (PROP), and was impeccably organized by Punit Oswal, the Convenor of the D2C event and expo. The D2C festival stands as a testament to the dynamic and collaborative spirit of Pune’s real estate industry, setting the stage for future growth and innovation.

Mumbai, 18th January 2025 To facilitate developers in Nagpur and Pune regions to register their housing projects with the Maharashtra Real Estate Regulatory Authority (MahaRERA), from this month, open house will be held outside the Mumbai headquarters. First open house will be held on January 22 in Nagpur. MahaRERA Chairman Manoj Saunik said,” The Real Estate (Regulation and Development) Act, 2016 unambiguously mentions that any housing project cannot be advertised without being registered with RERA. MahaRERA already has defined the legal, financial and technical framework for issuing a registration number to a housing project. To facilitate registration of a housing project and issuance of MahaRERA number, the queries raised are replied to in-person during the open session held every week at the headquarters in Mumbai. We will start with this practice, from this month, on a monthly basis in Nagpur and Pune as well. To begin with, we are starting in Nagpur. MahaRERA has been putting in efforts to assist in the project’s registration process. The experience will be seamless, if the applicants fill out the forms completely and furnish the required information.” While registering a housing project with MahaRERA, even after being assisted by experts from the Self-Regulatory Organisations (SROs), the developers are members of which, continue to face certain challenges in getting their queries answered. To address these, open houses are held every week at MahaRERA head office in Mumbai with senior office bearers in attendance. In the open house, doubts are addressed as per the queries raised. Developers from the other regions had requested to hold similar open houses in Nagpur and Pune. Therefore, MahaRERA has decided to hold open houses in Nagpur and Pune. To begin with, first open session will be held in Nagpur where officials from the financial, legal and technical departments will be present to address to queries pertaining to project’s registration. Recently, MahaRERA decided to reduce the minimum requirement of the SROs outside MMR from 500 projects to 200 to enable authorised associations from the real estate industry in rest of the Maharashtra to form SROs. This crucial decision is expected to better the project registration process for developers across the state. The Real Estate (Regulation and Development) Act, 2016 clearly mentions that a housing project cannot be advertised or sold without being registered with RERA. MahaRERA urges the developers to ensure all required details and documents are provided while submitting registration application. This enables in faster processing and issuance of MahaRERA registration number.

Pune, 17th January 2025: The CREDAI-Pune Metro’s 23rd edition of annual property exhibition, the Pune Property Expo 2025, was inaugurated today by Shri Murlidhar Mohol, Hon’ble Union Minister of State for Civil Aviation and Cooperation. The exhibition, held at the Agriculture College Ground, Pune, will run until 19th January 2025. The exhibition aims to provide a platform for homebuyers and investors to explore a wide range of real estate options, including affordable to luxury housing, NA plots to premium villas, commercial properties to pre-leased assets. The event will bring together over 55 trusted developers, showcasing more than 400 RERAregistered projects from Pune, PCMC and PMRDA regions. During the launch, Hon’ble Union Minister of State for Civil Aviation and Cooperation of India Shri Murlidhar Ji Mohol, said “I am delighted to be a part of the CREDAI-Pune Metro Property Expo 2025. This platform is crucial for discussing the steps being taken towards Pune’s development. Pune currently has a thriving population of 70 lakh, which is expected to grow in the coming years. As proud Punekars, we must work together and actively contribute to the city’s development. By collaborating and supporting positive initiatives, we can address challenges like traffic congestion and infrastructure improvement, ensuring a brighter future for Pune. Our current priorities include constructing new roads and infrastructure, reducing traffic congestion, and advancing airport development. With one lakh new houses being built annually, increasing urbanisation is putting significant pressure on the city’s infrastructure. To address the water supply challenges, we are working on installing 1,800 km of new water pipelines and water meters.” Mr. Ranjit Naiknavare, President, CREDAI- Pune Metro, said “We at CREDAI-Pune Metro are honoured to have Shri Murlidhar Ji Mohol who have graced this occasion with his presence. CREDAI-Pune Metro is proud to work hand in hand with the Government and the policy makers. We had a productive conversation with Shri Murlidhar Ji Mohol where we discussed various issues related to environment clearance, fast track Metro Expansion related Clearances, reforms in cooperative housing sector laws and construction of an international convention centre in Pune.” Also present on the occasion were Vice Presidents Manish Jain, Arvind Jain and managing committee members Kapil Gandhi, Punit Oswal and Anup Jhamtani. Visitors can look forward to several highlights, including special offers, spot loan assistance from leading financial institutions and entertainment activities. On 19th January, the expo will host customer-focused seminars featuring notable experts. Key sessions include: The Essentials of Redevelopment for Homeowners, a panel discussion featuring prominent speakers such as Mr. Gautam Chaterjee (Ex-Chairman, Maha RERA), Mr. Suhas Patwardhan (Chairman, Maharashtra Co-Operative Housing Federation) and Mr. Vikram Karandikar (M.D. Chaphalkar Karandikar), moderated by Mr. Sanjay Deshpande (CMD, Sanjeevani Developers). The Hidden Checklist Every Homebuyer Needs by Mr. Rahul Ajmera, Partner, Vasupujya Corporation. Role of Homebuyers in Eco-Friendly Practices by Mr. Sandeep Sonigra, M.D., Orange County Group. In addition to the seminars, attendees can participate in lucky draws and receive free gifts, adding to the excitement of the event. The details of the expo are as follows: Dates: 17th, 18th and 19th January 2025 Time: 10:00 AM to 7:00 PM Venue: Agriculture College Ground, Pune The Pune Property Expo 2025 is an ideal opportunity for property seekers to explore a wide range of real estate options, connect with developers and make informed decisions about their dream property. About CREDAI-Pune Metro: Founded in 1982, CREDAI-Pune Metro is an association representing over 2000 member developers in Pune. The organization supports the real estate sector through policy advocacy, training, workshops, and seminars, enabling its members to stay informed about industry trends and regulatory updates.

In a significant step toward promoting sustainable development at the property buyer level, Mrs. Smita Patil, National President of NAREDCO MAHI, submitted a formal proposal to Shri Chandrashekhar Bawankule, Hon. Minister for Revenue, Government of Maharashtra. The proposal calls for a 1% reduction in stamp duty for property buyers opting for certified green building projects. During the discussion, Mrs. Patil emphasized the need to promote sustainable practices at the buyer level, aligning with the increasing importance of green urbanization. She highlighted that while the government already incentivizes developers for adopting green building practices, extending benefits to property buyers would create a robust demand for certified green projects. This, in turn, would encourage more developers to incorporate sustainable design and construction methods. The proposal suggests a 1% reduction in stamp duty for properties in projects certified by recognized authorities such as IGBC, GRIHA, or similar organizations. According to Mrs. Patil, this initiative would not only encourage environmentally responsible choices but also yield long-term economic and social benefits, including reduced carbon footprints and improved living standards. Hon. Minister Shri Chandrashekhar Bawankule appreciated the initiative and assured that the government would positively consider the proposal. He expressed the government’s commitment to working closely with NAREDCO to promote sustainable developments across the state. This meeting marks a vital step forward in creating impactful collaborations between policymakers, developers, and buyers. The discussion also covered various real estate topics to foster greater collaboration between the government and industry stakeholders to drive sustainable growth in the sector. This initiative reflects NAREDCO MAHI’s dedication to advancing sustainability and creating impactful collaborations between the government, developers, and buyers to ensure a greener, healthier future. National Real Estate Development Council (NAREDCO), established in 1998 under the auspices of the Ministry of Housing and Urban Affairs, Government of India, is the preeminent industry association for the real estate sector in India. The meeting, held on January 10, 2025 at Pune, was attended by Shri Ravindra Binwade (IAS), Inspector General of Stamp & Registration, esteemed representatives of NAREDCO, including Mr. Hitesh Thakkar, Vice President, NAREDCO Maharashtra, Mr. Bharat Agarwal, President, NAREDCO Pune, Mr. Ghanshyam Dokane, President, NAREDCO Vidharbha, Mr. Rajendra Pate, Vice Chairman, NAREDCO Pune, Mr. Mukesh Yeole, Vice President, NAREDCO Pune, Mr. Balashaeb Karanjule, NAREDCO Pune, Mr. Vishal Gupta, NAREDCO Pune, Mr. Mitesh Thakkar, NAREDCO Maharashtra, Dr. Anshul Gujarathi, Vice President (West), NAREDCO MAHI, Dr. Kettaki Kasbekar, AVP – West, NAREDCO MAHI, Ms. Manaswi Kele, Member, NAREDCO MAHI amongst the other NAREDCO members.