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Pune, India, 19th April 2025 – The much-anticipated inauguration of the TAB Terra Casa & FashionTV luxury real estate brand initiative, a signature project by the Tejas Arun Bahirat Patil Group took place on the 18th of April ‘25 at the opulent JW Marriott, Pune. The inauguration event of TAB Terra Casa was graced by the presence of Soha Ali Khan, the renowned Bollywood celebrity and artist with a distinguished legacy in the film industry, alongside FashionTV MD Kashiff Khan, a global franchise expert and Rukmani Singh Hooda, Director FashionTV India. The event also saw a gathering of prominent industrialists, media personalities, artists, environmental advocates and local dignitaries; making it a momentous occasion that reflected the fusion of luxury, lifestyle, eco-sustainability & innovation that TAB Terra Casa truly represents. Renowned for their focus on eco-friendly designs, sustainability and avant-garde architectural concepts, the TAB group’s newest venture is designed to offer unparalleled luxury while maintaining a commitment to environmental responsibility. In partnership with FashionTV, the world’s leading fashion and lifestyle media brand, TAB Terra Casa introduces NA-sanctioned premium villa plots for the discerning buyers. These plots are meticulously designed with eco-friendly principles, honoring the values of Mother Nature while perfectly adhering to Vastu Shastra. The design reflects a deep-rooted belief in Indian spirituality and values, blending tradition with modern luxury. What Is TAB Terra Casa? The TAB Terra Casa project stands as a testament to the vision of Shri Tejas Arun Bahirat Patil, whose leadership has been instrumental in championing sustainable development in the real estate sector. The project incorporates cutting-edge designs, energy-efficient technologies and sustainable practices to create a luxurious yet eco-conscious living space. The TAB Terra Casa project will offer an array of NA-sanctioned villa plots that offer ample scope to develop premium residential villas, blending modern luxury with the tranquil charm of the natural surroundings, enabling several eco-conscious features in their architectural blueprints. The TAB project is aimed at minimizing the environmental footprint while maximizing the comfort & convenience of its residents. It is well-connected to the Pune main city, with several modern amenities, schools, colleges & hospitals in the neighboring vicinity. “We are proud to present TAB Terra Casa which reflects our ongoing commitment to sustainable development and innovation in the real estate sector,” said Shri Tejas Arun Bahirat Patil, Founder of the Tejas Arun Bahirat Patil Group. “This project is a perfect blend of luxury, nature, and cutting-edge design principles. We believe it sets a new benchmark for eco-friendly living in the region and offers our residents a truly unique and sustainable lifestyle.” Adding to the momentum of the occasion, Mr. Kashiff Khan, FashionTV, MD, stated, “This luxury real estate project profoundly honors environmental consciousness, while adhering to the principles of Vastu and respecting tradition. It seamlessly integrates modernity with luxury, offering an eco-friendly lifestyle that beautifully combines sustainability with sophistication.” Further highlighting the point, Ms. Rukmani Singh Hooda, Director FashionTV India, added “This partnership is very close to my heart because it’s about storytelling through spaces. With F Villas Terra Casa, we’re turning the idea of “home” into a curated lifestyle, elegant, serene and chic.” Speaking at the momentous occasion, celebrated Bollywood actress & celebrity, Soha Ali Khan, reflected “ I uphold a legacy in acting and take great pride in being a part of prestigious legacies in real estate such as TAB Terra Casa and FashionTV, a global brand that’s recognized in the luxury lifestyle sector. The TAB Terra Casa project holds a special place in my heart, as it aligns with my passion for environmentally sustainable practices.” The TAB Terra Casa project is expected to attract discerning buyers looking for high-end properties that offer both luxury and sustainability, in one of Pune’s most sought-after and scenic locations. Project can be viewed at ftvrealestate.in or sales contact +91 86575 52990 About the Founder of TAB, Mr. Tejas Arun Bahirat Patil Tejas Arun Bahirat Patil is a visionary leader with a BE in Civil Engineering from the prestigious Pune University. With a legacy rooted in designing & developing eco-friendly real estate projects, his work prioritizes eco-conscious designs, solid waste management, renewable energy and petroleum conservation. His work in the realm of sustainable development has earned him numerous accolades from the government, honoring his efforts in promoting environmentally responsible construction and urban planning. About FashionTV And Mr. Kashiff Khan FashionTV, world’s largest fashion and lifestyle media brand was conceptualized by Mr. Michel Adams, Founder-Chairman of FashionTV, in the year 1997 with a mission to expand the business of luxury, fashion, lifestyle and glamour to several Nations. Mr. Kashiff Khan, the Managing Director of FashionTV aims to extend his philosophy and expand the businesses of FashionTV into India- the second most populated country with enormous market potential. FashionTV presents F Real Estate Brand Licensing that is an entire brand vision in the luxury real estate spectrum, comprising different kinds of real estate licensing verticals, ranging from residential to commercial, including hospitality. Exploring new vistas in luxury real estate, the core focus of FashionTV is on inventing the future of Real Estate, with an emphasis on luxury & innovation.

Pune, 17th April 2025 – CREDAI Pune Metro, the apex body of private real estate developers in Pune, has elected Mr. Manish Jain as its new President for the term 2025-27. With an extensive background in the real estate sector and plant bio-technology, Mr. Jain brings a wealth of experience and strategic vision to the organization. Manish has done his Masters in Business Administration from the University of Southern Mississippi. On being elected as the new President of CREDAI Pune Metro, Mr. Manish Jain said, “I am honored to take on this role and look forward to working towards the growth and sustainability of Pune’s real estate sector. CREDAI Pune-Metro will continue to focus on innovation, transparency and collaborative efforts to shape a better future for developers, home buyers & all stakeholders.” Under his leadership, the association will focus on several critical areas, including addressing environmental clearances issues in PCMC & surrounding 5km radius, the Development Plan (DP) for PMRDA, ensuring fair water allocation and metering for projects, and streamlining processes to improve ease of doing business. Additionally, emphasis will be placed on advocating amendments in relevant acts and regulations, and encouraging the adoption of advanced technologies to improve construction quality, speed, and cost-efficiency. He will also focus on detail structuring of the systems & processes of the Association Mr. Manish Jain, President, CREDAI Pune Metro has taken charge from – Ranjit Naiknavare, Imm. Past President, and now Vice President for CREDAI National. The new team will also consist of Arvind Jain, Aditya Javdekar, Vinod Chandwani, I.P. Inamdar, Nitin Nyati, J.P. Shroff as Vice Presidents, Ashwin Trimal as the Secretary, and Tejraj Patil as the Joint Secretary and Mr. Akhil Agarwal as a Treasurer. Mr. Kapil Gandhi will continue to handle Public Relations. The Managing Committee includes: Sanjay Deshpande, Manish Kaneria, Anup Jhamtani, Punit Oswal, Ketan Ruikar, Dilip Mittal, Rinku Shewani, Siddharth Moorthy, Ishaan Magar, Kapil Trimal, Sapna Rathi, Milind Talathi, Hiren Parmar, Ashish Jain, Bhushan Palresha and Nilesh Vohra. An official installation ceremony, also known as the change of guard ceremony will take place on 26th April 2025 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.   Media Contact: Zainab Jariwala – 8451996739 or zainab@milestones.in Devendra Nazare- 9764770840 or devendra@milestones.in

Mumbai, 9th April 2025: RBI’s decision to reduce the repo rates by 25 bps (to 6%) second time this year was expected to the backdrop of moderating inflation. Home loan borrowers may not see much meaningful or immediate interest rate relief. Banks have not transmitted earlier MPC rate cuts to borrowers because of higher funding costs, pressure on net interest margins, higher NPAs, and a cautious lending climate. If banks do pass on the benefits of the last two rates cuts, it will be a boost to homebuyers, particularly for those eyeing affordable housing. Many first-time homebuyers who had been hesitating to take the plunge may make their move if home loan rates reduce. Housing prices have risen across the top 7 cities in the last one year. As per ANAROCK Research, Q1 2025 saw average housing prices rise by anywhere between 10-34% in the top 7 cities, with NCR and Bengaluru recording the highest 34% and 20% jump, respectively. The average prices in top 7 cities collectively stood at approx. INR 7,550 per sq. ft. in Q1 2024-end, while in Q1 2025-end it increased to approx. INR 8,835 per sq. ft. – a collective increase of 17% annually. Home loan borrowers whose lenders don’t pass on the rate cut could consider negotiating a lower rate or a balance transfer. They should keep their expectations realistic as there may be only partial relief, if any. Any potential EMI reduction should be used to prepay home loans or invest for higher returns instead of on mere consumption. By Anuj Puri, Chairman – ANAROCK Group

Pune, India – April 8, 2025 – The family of renowned actress and global icon Priyanka Chopra Jonas has leased their bungalow in Pune’s upscale Koregaon Park area to a co-living company. The property, situated on a 3,754-square-foot plot, has been leased for a monthly rent exceeding ₹2 lakh. ​ Free Press Journal The bungalow, known for its prime location and spacious layout, is expected to cater to the growing demand for premium co-living spaces in Pune. This move aligns with the trend of celebrities investing in real estate ventures that support modern urban living solutions.​ Priyanka Chopra Jonas, celebrated for her contributions to the entertainment industry both in India and internationally, continues to maintain strong ties to her hometown of Pune. This recent development underscores the family’s commitment to contributing to the city’s evolving residential landscape.

Mumbai, 1st April 2025: In a move that is set to impact property buyers, sellers, and real estate investors across Maharashtra, the state government has officially announced an upward revision in Ready Reckoner Rates (RRR) for the financial year 2025-26. The revised rates, which are used to determine property values for stamp duty and registration charges, will come into effect starting April 1, 2025. According to a notification issued late on Monday (March 31) by the State Registration and Stamps Department, the average hike in RRR across Maharashtra stands at 3.89%. The announcement marks the first revision since 2022-23, with speculation having earlier hinted at a potential increase of up to 10% in certain regions. Mumbai, the commercial and financial capital of the state, will see a 3.4% hike in RR rates—slightly below the state average. While this may come as a relief for homebuyers in the city, several key urban centers have witnessed steeper increases with Thane at 7.72%, Solapur at 10.17%, Ulhasnagar at 9%, Navi Mumbai at 6.75%, Nashik at 7.31%, Pune at 4.16% and Panvel at 4.97%. Municipal corporation areas outside Mumbai have collectively registered an average increase of 5.95%, whereas rural areas have recorded an average hike of 3.7%. Industry experts believe the revision may lead to a marginal increase in the cost of property transactions, especially in regions that have seen significant hikes. Prashant Sharma, President, NAREDCO Maharashtra “The increase in Ready Reckoner rates across Maharashtra is a significant development that will directly impact property valuations and, subsequently, the overall cost of acquisition for homebuyers. While we understand the government’s intent to align RR rates with market realities, this hike comes at a time when the sector is moving steadily and affordability plays a key role in driving demand. This increase may deter fence-sitting buyers and put pressure on developers already grappling with high input costs. We urge the authorities to adopt a more calibrated approach to such revisions to ensure sustainable growth of the real estate sector.” Shraddha Kedia-Agarwal, Director, Transcon Developers: “The increase in Ready Reckoner rates will have a cascading effect on overall property pricing, especially in prime urban markets like Mumbai where the base property prices are already high. It impacts stamp duty and registration charges, thereby increasing the burden on end consumers. While real estate has seen encouraging momentum over the last few quarters, such policy moves should ideally be introduced gradually to maintain market sentiment and buyer confidence. We hope the government considers sectoral feedback while rolling out future revisions.” Samyak Jain, Director, Siddha Group: “The recent adjustment in RR rates could influence the demand trajectory observed in recent months, particularly for first-time homebuyers and the affordable housing segment, where even slight cost variations can be impactful. Developers may also need to navigate pricing and planning considerations, especially for ongoing projects. While we appreciate measures that enhance transparency and fair valuation, a phased revision approach could help sustain real estate momentum and ensure a smoother transition.”

Mumbai, 27th March 2025: The real estate sector is a cornerstone of India’s economic framework, contributing substantially to GDP, employment generation, and infrastructure development. As global economic uncertainties persist, it becomes more important than ever to strengthen and sustain the growth of the Indian real estate industry. However, certain regulatory bottlenecks and policy ambiguities are currently hindering the sector’s progress. Swift and constructive intervention is essential to ensure continued momentum. Key Challenges Facing the Real Estate Sector 1. Environmental Clearance (EC) Roadblocks: The procedure to obtain Environmental Clearance under the EIA Notification, 2006 has grown more complex, particularly for projects located near eco-sensitive zones. The 2014 notification by the Ministry of Environment, Forest and Climate Change (MoEFCC) exempted certain real estate projects listed under Item 8(a) and 8(b) from General Conditions, allowing for State-level appraisal. Recent regulatory changes, however, have led to uncertainty on whether these projects now require Central-level approvals. Nearly 50% of projects in Mumbai are at risk of prolonged delays due to this ambiguity, affecting both housing supply and sectoral growth. A simplified and transparent clearance mechanism is essential to support timely project delivery without compromising environmental norms. 2. RG Podium Regulation Confusion: Real estate developers are facing a lack of policy clarity regarding recreational spaces in projects. While the DCR 1991 mandated open spaces at the ground level, the DCPR 2034 allows partial allocation of such spaces on podium levels. This inconsistency is leading to delays in project approvals and cost escalations. A uniform and well-defined regulation is necessary to avoid misinterpretation and ensure seamless planning and implementation. 3. Aviation Height Restrictions Hindering Growth: Civil aviation rules governed by the Aircraft Act, 1934 and Civil Aviation Requirements (CAR) guidelines are placing stringent height limits on projects in Mumbai, hampering vertical development in a city where horizontal expansion is severely constrained. Updates in regulations from GSR 751(E) to GSR 770 (E) have introduced stricter height limitations, particularly the five nautical mile (5NM) protection zone, which is being applied beyond its intended scope. Inconsistent application of shielding benefits and arbitrary height restrictions are creating unpredictability in approvals and deterring investment. A balanced policy framework is needed that safeguards aviation norms while supporting planned urban expansion. Commenting on the current scenario, Prashant Sharma, President, NAREDCO Maharashtra, said: “The real estate sector has the potential to be the backbone of India’s economic resurgence, but regulatory ambiguity is slowing down its stride. It is imperative that government bodies and regulatory agencies work together with industry stakeholders to streamline the approval processes, bring consistency in policy implementation, and ensure that urban development can progress sustainably. Timely interventions in resolving the environmental clearance issues, RG podium interpretations, and aviation height restrictions will unlock the true potential of real estate in Maharashtra and support our collective vision of Housing for All.” Addressing these pressing challenges is vital to sustaining growth, enhancing investor confidence, and ensuring housing supply in urban centers like Mumbai. NAREDCO Maharashtra stands committed to collaborating with authorities and stakeholders to promote a balanced and forward-looking real estate ecosystem.