News Room

Pune, 6th June 2025: CREDAI-Pune held its General Body Meeting and Installation Ceremony for the 2025–2027 Managing Committee on Friday, 6th June 2025, at the Conrad Hotel, Pune. The prestigious event was graced by the Deputy Chief Minister of Maharashtra, Eknath Shinde, who attended as the Chief Guest. The official Change of Guard ceremony took place in his esteemed presence, alongside Jitendra Dudi (IAS), District Collector of Pune, PMC Commissioner Naval Kishore Ram and PCMC Commissioner Shekhar Singh, Pratibha Bhadhane, Director of Town Planning; Deepak Singla (IAS), Additional Metropolitan Commissioner;  Neelesh Gatne(IAS), CEO-SRA  Kavita Dwivedi (IAS), Additional Divisional Commissioner, Pune Division, and Rahul Sakore, Chief Officer of MHADA, Pune Board. The GB meeting highlighted several key initiatives undertaken by CREDAI-Pune in recent months, including efforts to streamline environmental clearances, submission of suggestions and objections to the government on housing policies, and addressing critical issues such as road cutting permissions, solar metering, infrastructure development and maintenance challenges. Speaking at the event, Deputy Chief Minister of Maharashtra, Eknath Shinde said, “Maharashtra is not just a state of prosperity—it is a state of possibilities. The state will contribute $1 trillion towards India’s goal of becoming a $5 trillion economy. Real estate plays a pivotal role in Maharashtra’s  economic growth, contributing significantly to the nation’s Gross Domestic Product (GDP) and employment. CREDAI was originally founded in Pune, and it was the visionaries from Pune who went on to establish CREDAI National. What began here eventually evolved into a national movement, with the model being replicated across various regions in India. He also congratulated CREDAI , acknowledging that it has consistently stepped up—not only in the field of construction but also during times of crisis, such as the COVID-19 pandemic—not just in Pune but in surrounding regions like Thane as well. He recalled how, during the pandemic, despite the reduction in stamp duty, the revenue generated was remarkably high. Reflecting on his tenure, he highlighted the rapid pace of development achieved in Mumbai and assured that a similar model would now be implemented in Pune. He mentioned that if we want to deliver affordable housing to the common man, we have to  empower developers. Through reforms like Unified DCPR, stamp duty relief, and infrastructure upgrades, Maharashtra can become an investment magnet. He also emphasised that CREDAI Pune concerns—from DP approvals to TDR regulations—will not be left on paper. He promised that his government would take swift action, would be accessible and ensure it operates with urgency and accountability. He congratulated the newly appointed President and the Managing Committee, and emphasized the importance of coordinated efforts. By bringing together all key stakeholders—including the bureaucracy—he aimed to ensure that every part of the system works in sync and moves forward together. He concluded saying “Our goal is simple: development, development, and more development—and CREDAI will be a key partner in that journey. “ Manish Jain, officially instated as the President of CREDAI-Pune , presented a series of key issues and forward-looking suggestions before Deputy Chief Minister Eknath Shinde. He emphasized the need for greater interdepartmental integration to streamline the building sanction process, proposing that building permissions be processed concurrently with Environmental Clearance, so that construction can commence immediately once the EC is granted. Highlighting the inefficiencies, he remarked that nearly 90% of a developer’s time is spent on obtaining sanctions, while only 10% goes into actual construction. He also urged a phased and results-driven approach to Town Planning Schemes (TPs), recommending that two pilot schemes be implemented and evaluated for effectiveness before scaling up, ensuring more structured and impactful outcomes. Jain also announced the development of a 10,000 sq. ft. Centre of Excellence at COEP, designed to showcase cutting-edge global technologies in the real estate sector. The facility will serve as a collaborative hub for developers and students, fostering innovation and knowledge exchange within the construction ecosystem. Addressing governance-related challenges, he emphasized the urgent need to protect developers from undue harassment by blackmailers, advocating for stronger collaboration with police and law enforcement agencies. He reaffirmed CREDAI’s steadfast commitment to safeguarding its members’ interests by proactively involving the authorities to ensure a secure and fair business environment. He also called for more active participation from the CREDAI Women’s Wing and proposed the formation of a dedicated, professional team to offer real-time support and operational assistance to members. He concluded with a call to action, encouraging all stakeholders to focus not just on constructing buildings, but on building a more inclusive, forward-thinking future rooted in integrity, unity, and excellence. Jitendra Dudi (IAS), District Collector of Pune, addressed the distinguished gathering of developers and highlighted several key initiatives aimed at enhancing ease of doing business in the real estate sector. He emphasized that the MahaKhanij app is playing a pivotal role in improving transparency and expediting the development approval process. By integrating with systems like AutoDCR, it reduces duplication, resolves double taxation issues, and helps developers save valuable time and resources. He also spoke about a proposed reform to curb frivolous litigation, noting that nearly 80% of land-related objections come from individuals with no locus standi. Under the new proposal, such cases can be dismissed at the outset, reducing legal delays and allowing genuine projects to proceed without unnecessary hurdles. Additionally, he shared that a major revenue record digitization drive is underway in Pune. “One of the longstanding challenges has been incomplete digitization of revenue records. We began addressing this three months ago, and aim to digitize 3.5 crore records over the next six months. Once completed, these records will be made accessible through an open platform for easy public access,” he added. He further highlighted several key areas within the real estate sector where transparency and accountability are being addressed with a sense of urgency and sincere commitment by the administration. He also delivered a presentation outlining his proposal to promote tourism in Pune on a large scale, with the aim of attracting tourists. This, he emphasized, would help improve infrastructure in the interiors of Maharashtra while generating

Pune, 5th June 2025 – NAREDCO Pune, in collaboration with Pune Municipal Corporation (PMC), has pledged to create Urban Forests throughout the city on lands as suggested by PMC. NAREDCO had last year too undertaken first such Urban Forest Project at Uruli Devachi and pledged to plant 10000 trees. During G20 Summit NAREDCO members had participated in the City Beautification at various locations. NAREDCO Pune and it’s member Rajas Jain (Kumar World ) undertook such Urban Forest at Baner. The event was graced by PMC Commissioner Shri. Nawal Kishore Ram and City Engineer Shri. Prashant Waghmare along with senior PMC officials Mr. Rajesh Bankar & Dr. Ashok Ghorpade and prominent developers and real estate stake holders who are members of NAREDCO Pune. At the occasion Commissioner Shri Nawal Kishore Ram appreciated the efforts undertaken by NAREDCO Pune and said “Pune has always been environment conscious and it’s important that growth is in harmony with nature. Such urban Forest would help the city to rise up the liveability index.” On the occasion Mr Prashant Waghmare said “It’s our mission to plant as many trees in all such areas where it’s possible to do so. To start with we have identified several nalas running throughout the city which can be developed as Urban Forests. A Green and Sustainable Pune is the only way forward “ Mr. Bharat Agarwal – President NAREDCO Pune said “Our motto Swach Sundar and Surakshit Pune is a mission close to the hearts of every NAREDCO member. These Urban Forests shall be the future lungs of the city. We have not only pledged to plant 25000 trees throughout the city but also maintain them for 5 years “ About NAREDCO: National Real Estate Development Council (NAREDCO) is the apex body of real estate sector under the aegis of Ministry of Housing & Urban Affairs, Government of India. The Hon’ble Minister of Housing & Urban Affairs is its Chief Patron. NAREDCO members include Public and Private Sector Developers and all other stakeholders of real estate industry. Currently the Organization has more than 10000+ members pan India directly under NAREDCO and its State Chapters.

Pune, 2nd June 2025: Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, today announced that it will develop ~14-acre land parcel in Kharadi – Wagholi, Pune. The development on this land will comprise primarily premium group housing. The project will have a developable potential of ~ 3.7 million square feet with an estimated revenue potential of ~ INR 4,200 crore. The land parcel is strategically located near major commercial hubs in Kharadi, Pune, and provides access to schools, hospitals, malls, restaurants, and premium hotels. It is also in close proximity to Chhatrapati Sambhaji Maharaj International Airport. The Kharadi–Wagholi micro-market has emerged as one of Pune’s high-demand residential corridors, driven by its proximity to major IT and business hubs, improving infrastructure, and growing social amenities. Backed by sustained demand from a rising professional workforce, the region has rapidly evolved into a high-growth residential market and a key driver of Pune’s real estate expansion. Gaurav Pandey, MD & CEO, Godrej Properties, said, “Kharadi – Wagholi is one of the most sought-after destinations in Pune, and we are happy to mark our entry into this micro market. This further enhances our presence in Pune and fits within our strategy of strengthening our presence across key micro-markets in India. We will aim to build a high-quality development that creates long-term value for its residents.” *On the basis of the current business assumptions.

Pune, Maharashtra – A transformative shift in modern urban living is taking shape in Pune as one of India’s top real estate developers unveils a new residential project offering premium 2 & 3 BHK homes—starting at an unbelievable price of just ₹59 Lakhs. Strategically located near some of Pune’s fastest-growing corridors, this launch is poised to redefine affordable luxury for families, professionals, and investors alike. Designed with a future-forward approach, these residences promise a harmonious blend of spacious layouts, smart design, and lifestyle convenience. Location That Connects You to Everything That Matters Situated in close proximity to major landmarks, the project offers exceptional connectivity to: MCA Stadium, Talwade IT Park, and Hinjawadi IT Park Symbiosis Skill and Professional University The upcoming 170 km Pune Ring Road The future-ready Panvel International Airport Residents will enjoy easy access to schools, hospitals, shopping malls, entertainment zones, and workplaces—making everyday life smoother, smarter, and more enjoyable. Project Highlights:  Spacious 2 & 3 BHK homes thoughtfully crafted for modern lifestyles  Prices starting at ₹59 Lakhs, offering unmatched value for premium living Located in one of Pune’s most promising growth corridors Developed by one of India’s most trusted real estate names Ideal for homeowners and investors seeking growth and long-term value “This project is designed for people who want more out of life—more space, more comfort, more convenience, and more value,” said Manish Parikh, Dream Works Realty, the channel partner for the project. “We’re proud to present a development that not only meets the expectations of today’s homebuyers but exceeds them.” Now Open for Bookings – Site Visits Available Buyers and investors interested in exploring the property and experiencing the amenities firsthand are invited to schedule a site visit. For more information or to book a site visit, contact: Manish Parikh – Dream Works Realty 📞 ‪+91 86005 05314‬

Pune, 23rd May 2025: Maharashtra Cabinet, under the leadership of Chief Minister Devendra Fadnavis, has approved the much-anticipated state housing policy titled ‘Majhe Ghar – Majhe Adhikar’ (My Home – My Rights). With an ambitious investment outlay of ₹70,000 crore, the policy aims to construct 35 lakh (3.5 million) homes over the next five years, making it one of the most comprehensive housing blueprints in the state’s history. This is what Pune real estate experts and developers have to say: CREDAI Pune-Metro president Manish Jain: “We congratulate Chief Minister Devendra Fadnavis on the landmark approval of the State Housing Policy 2025. This visionary move, coming after nearly two decades, lays a strong foundation for inclusive, affordable, and resilient urban growth across Maharashtra. With a focused commitment to build 35 lakh homes for EWS and LIG communities by 2030, and provisions for women, students, senior citizens and industrial workers, the policy is a timely and progressive step towards housing for all. This will also boost employment and the economy while helping lakhs of citizens with the basic needs of their own homes. CREDAI Pune Metro wholeheartedly supports this initiative and stands ready to collaborate with the government to ensure its successful implementation. Together, we can make dignified housing a reality for every citizen. Shantilal Kataria, Executive Council Member & Former President, CREDAI Maharashtra & CREDAI Pune Metro: “This housing policy has come after nearly two decades, following the earlier policy of 2007. Therefore, its implementation at the earliest is extremely important. The policy broadly outlines how the government plans to take this crucial sector forward. Many upcoming notifications and circulars aimed at boosting the housing sector will be based on this framework. Maharashtra is already ahead in urbanisation, which makes this policy even more significant. The creation of SHIP (State Housing Information Portal) will be extremely beneficial in the long run. Affordable rental housing is the need of the hour for the general public. As CREDAI and as responsible developers, we support this inclusive housing policy, especially for its focus on providing housing for all, particularly for the economically weaker sections.” Dinesh Agrawal, Co-Chairman, BramhaCorp Ltd: “The approval of the ‘Majhe Ghar – Majhe Adhikar’ housing policy by the Maharashtra Cabinet, under the visionary leadership of Hon’ble Chief Minister Devendra Fadnavis, is a transformative step toward inclusive urban development. With an ambitious target of building 35 lakh homes and a robust investment outlay of ₹70,000 crore, this policy not only addresses the pressing need for housing but also strengthens the foundation for economic growth and infrastructure development. It paves the way for public-private partnerships and opens up new avenues for real estate developers to contribute meaningfully to the state’s housing goals.” Sushilkumar Deshmukh, Director at Maharashtra Housing Corporation: “As a developer in Pune real estate, I see the concept of ‘My Home, My Rights’ not just as a slogan, but as a fundamental social and economic necessity. It is of utmost importance that every person should have a home of their own and have full rights over that home. As real estate developers, we do not just build buildings of cement and bricks, we build dreams and secure futures. Honoring the concept of ‘My Home, My Rights’ is at the heart of our business.” Aakash Agarwal, Managing Director, Krisala Developers: “The ‘Majhe Ghar – Majhe Adhikar’ policy is a bold and progressive move by the Maharashtra Government. A ₹70,000 crore commitment to enable 35 lakh homes is not just a housing initiative—it’s a socio-economic catalyst for growth. As a developer, I believe this policy lays the foundation for greater collaboration between the public and private sectors to address the housing gap at scale. It also reflects a clear intent to make homeownership more accessible, while driving economic growth and job creation across the value chain.” Abhishek Gupta, founder of CRE Matrix: “If the government wants to build 35 lakh homes, INR 70,000 crores is not enough if I divide 70,000 crores by 35 lakhs, I get INR 200,000. No home can be built in INR 200,000. The government of Maharashtra will have to spend about 7 lakh crores if they want to build 35 lakh homes at an average price of 20 lakhs each.” Sushilkumar Deshmukh, Owner of Maharashtra Housing Corporation: “Hello, As a developer in Pune Real Estate, I see the concept of ‘My Home, My Rights’ not just as a slogan, but as a fundamental social and economic necessity. It is of utmost importance that every person should have a home of their own and have full rights over that home. As real estate developers, we do not just build buildings of cement and bricks, we build dreams and secure futures. Honoring the concept of ‘My Home, My Rights’ is at the heart of our business.” Mukesh Yewale Director of Siddhesh Developer: “Great work Done by govt , give related all facility and consetation so all small developers also take incentive to work hardly.”

Mumbai, 20th May 2025: In a landmark move to tackle Maharashtra’s urban housing crisis, the state cabinet led by Chief Minister Devendra Fadnavis has approved the ‘Majhe Ghar – Majhe Adhikar’ (My Home – My Rights) housing policy. With a massive investment of ₹70,000 crore, the state aims to construct 35 lakh affordable homes by 2030, making it one of the most ambitious housing efforts in Maharashtra’s history. The new housing policy comes nearly two decades after the last one was published in 2007. Despite drafts being prepared in 2015 and 2021, this is the first comprehensive policy to be officially adopted since then. Four Pillars: Affordability, Inclusivity, Sustainability, Resilience The policy is anchored on four core principles: Affordable housing for economically weaker sections (EWS) and low-income groups (LIGs), Inclusive development targeting senior citizens, working women, students, and industrial workers, Sustainable and green construction techniques to mitigate climate risks, Resilient infrastructure that can withstand natural disasters such as floods and earthquakes. Key Highlights of the Policy Social Inclusion & Rental Housing: Special schemes will provide rental housing for women, students, and industrial workers for up to 10 years. Corporate Social Responsibility (CSR) funds will be encouraged for social housing initiatives. Massive Construction Goal: The state plans to build 35 lakh homes in five years and 50 lakh homes in the next 10 years. By 2026, a state-wide survey of housing demand will be conducted to streamline execution. Digital Governance – SHIP Portal: A centralised State Housing Information Portal (SHIP) will ensure transparency in approvals, geo-tagging, fund disbursement, and progress tracking, with integration into existing platforms like MahaRERA and PM Gati Shakti. Land Bank Creation: Government bodies like MIDC, MSRDC, and Forest Department will coordinate to create a land bank for residential development by 2026. Special Category Housing: Custom housing will be developed for government employees, freedom fighters, ex-servicemen, journalists, artists, airport staff, and even relatives of hospital patients in metro cities like Mumbai. Walk-to-Work Vision: To reduce urban sprawl and commuting stress, the policy proposes residential zones close to industrial hubs. Up to 30% of land in MIDC areas will be reserved for housing. Redevelopment Reforms: Self-redevelopment will be promoted with a ₹2,000 crore fund. A new Supreme Grievance Redressal Committee will mediate disputes and ensure timely completion of redevelopment under MHADA and DCPR regulations. Slum Rehabilitation Focus: Use of central government land, promotion of cluster redevelopment, and mandatory registration of agreements with slum dwellers are among measures to boost progress in SRA (Slum Rehabilitation Authority) projects. Green and Disaster-Resistant Construction: The policy promotes green buildings with heat-resistant materials and disaster-resilient technologies under the Global Housing Technology Challenge (GHTC). A dedicated Construction Technology Research Centre will also be established. Mega Housing Fund: The government will set up MahaWas Niwas Nidhi, a ₹20,000 crore fund to support major housing projects. Private Participation Encouraged: Affordable rental housing projects will be carried out through MHADA, CIDCO, and private developers, with incentives for participation and faster clearances. Inclusive Housing in Urban Areas: All metropolitan region development authorities will implement the Inclusive Housing Scheme, with regular updates published on the housing department’s portal and apps like MahaAwawas. Cluster and Stalled Project Revival: Of the 228 stalled redevelopment projects in MMR, joint ventures with MHADA, CIDCO, MIDC, and others will be fast-tracked to bring them back on track. Legal and Legislative Backing: Amendments to the Maharashtra Regional and Town Planning Act and other relevant laws are proposed to accelerate implementation, particularly outside Mumbai. A Bold Step Towards Housing Justice The Maharashtra government has appointed premier institutes such as IITs and IIMs as knowledge partners to help address changing urban, economic, and climate-related challenges. This multi-pronged policy not only seeks to address housing shortages but also aims to transform Maharashtra’s urban landscape by making homes more accessible, liveable, and future-ready. With strong digital monitoring, transparent governance, and robust financing, the ‘Majhe Ghar – Majhe Adhikar’ policy is poised to redefine housing in Maharashtra over the next decade.