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EXPERTS IN ROAD CONSTRUCTION & SPORTS INFRASTRUCTURE Navvdhan Infra is a professionally managed and trusted company delivering quality services in the civil construction industry for the past 14 years. With strong technical expertise, practical experience, and a commitment to excellence, we have established ourselves as a reliable partner for delivering durable and high-performance infrastructure solutions. Our approach focuses on systematic planning, efficient execution, and long-term value creation for clients. We provide complete civil and infrastructure solutions across multiple sectors, including Township Projects, Plotting Developments, Industrial Warehouses, Residential Societies, Resorts, Schools, Colleges, Universities, Commercial Projects, and Institutional Developments. Our company is dedicated to delivering technically sound and result-oriented work supported by professional management and skilled manpower. Navvdhan Infra specializes in all types of road construction works, ensuring proper base preparation, accurate level control, strong compaction, and quality finishing. Our services include Asphalt Roads (Bituminous Roads), Concrete Roads, Base Roads, GSB Work (Granular Sub Base), Paver Block Installation, Kerb Stone Work, Stamping Concrete, Internal Roads for Layout Projects, and Industrial Road Development. We follow modern construction practices and use quality materials to ensure long-lasting and cost-effective infrastructure. In addition to road construction, Navvdhan Infra has strong expertise in Multipurpose Sports Ground Development, providing modern sports infrastructure for schools, institutions, townships, resorts, and sports facilities. We develop Padel Courts, Pickleball Courts, Basketball Courts, Tennis Courts, Badminton Courts, Volleyball Courts, Football Grounds, Cricket Grounds, and Multi-Sports Practice Grounds. These facilities are constructed using Natural Grass, Artificial Turf, and Synthetic Surfaces, ensuring proper slope, drainage systems, surface performance, and durability. Our work methodology includes detailed site study, technical planning, systematic execution, and continuous quality supervision. We strongly believe that quality construction requires discipline, dedication, teamwork, and strong management support. Our experienced engineers, supervisors, operators, and skilled workforce work with commitment and coordination to achieve timely and efficient project completion. Navvdhan Infra is committed to delivering projects on time without compromising quality standards. Our focus on hard work, consistency, and professional responsibility helps us maintain client satisfaction and long-term business relationships. Navvdhan Infra is not just a contractor but a dependable partner providing complete civil infrastructure solutions and building strong foundations for future growth. Navanaat Laxman Dhanawadde Founder & President-Navvdhan Infra +91 91560 32551 navnathdhanawade10@gmail.com

A transformational phase & its positive impact in the near future 1. Introduction : The real estate sector in Maharashtra has entered a transformational and regulatory-driven growth phase, supported by progressive policies, strong institutional frameworks, and expanding infrastructure. Over the past few years, the State has emerged as a leader in structured real estate governance, particularly through reforms in planning regulations, transparency mechanisms, and urban expansion policies. These developments are not merely incremental, they are structural changes that are expected to significantly influence the future of urban development, investment flows, and redevelopment projects, especially in cities like Pune, Mumbai, and PMRDA regions. 2. Strengthening Regulatory Framework – Role of MahaRERA : One of the most significant drivers of change is the evolving role of the Maharashtra Real Estate Regulatory Authority (MahaRERA). MahaRERA has shifted from a registration-based authority to an active enforcement regulator It ensures strict compliance, transparency, and accountability It has improved buyer protection and dispute resolution mechanisms Recent data shows that MahaRERA has accelerated dispute resolution significantly, clearing more cases than those filed in a year, indicating stronger enforcement efficiency. Further, strict action against non-compliant developers, including suspension of projects and freezing of accounts, has strengthened market discipline. 3. UDCPR – A Game Changer for Development Potential : The introduction and expansion of the Unified Development Control and Promotion Regulations (UDCPR) has revolutionized planning norms across Maharashtra. Key Benefits Higher FSI and TDR utilization Relaxed building margins and amenity requirements Streamlined approval processes 4. Maharashtra Housing Policy 2025 – Incentivized Growth : The Maharashtra Housing Policy 2025 introduces a forward-looking approach to housing and urban development. Key highlights include: Incentives for affordable housing and rental housing Promotion of integrated township development Allowing mixed-use development (up to 15%) Reduction in stamp duty and development charges Promotion of student housing and working women housing 5. Rise of Redevelopment Ecosystem  Redevelopment, particularly in cooperative housing societies, is becoming a dominant segment in Maharashtra real estate. With UDCPR and policy reforms: Redevelopment projects are now more viable and profitable Higher FSI enables additional sale component Legal frameworks (Section 79A guidelines) ensure structured processes 6. Infrastructure-Led Growth Massive infrastructure investments across Maharashtra are directly influencing real estate growth: Metro rail expansions Ring roads and expressways Airport developments Smart city initiatives 7. Positive Impacts in the Near Future : Based on current trends, the following positive outcomes are expected: A. Increased Transparency & Legal Certainty B. Boost to Redevelopment Sector C. Higher Investment Inflows D. Affordable Housing Expansion E. Planned Urban Growth F. Professionalization of Developers 8. Conclusion :  Maharashtra’s real estate sector is transitioning from an unregulated, fragmented system to a structured, transparent, and growth-oriented ecosystem. The synergy of: Strong regulation (MahaRERA) Planning reforms (UDCPR) Policy incentives (Housing Policy 2025) Infrastructure expansion is creating a robust foundation for sustainable urban development. In the near future, Maharashtra is poised to become: A model state for real estate governance in India A high-confidence investment destination A leader in redevelopment-driven urban transformation Adv. Mukesh B. Zende B. Sc. LL.B. MBA, (Corporate Law) Patent Attorney On Record +91 98222 68068 adv.mukessh@tosslegal.com

AVINEA, HADAPSAR, PUNE Located in the fast-growing neighbourhood of Hadapsar in Pune, Avinea is a thoughtfully planned residential development designed for modern urban families. The project features seven residential towers arranged to create a spacious and well-organised community that emphasises openness, natural light, and good ventilation. The strategic tower layout enhances privacy, airflow, and pleasant views, creating a comfortable living environment.At the front of the development, a three-floor commercial building is planned, offering convenient retail and service spaces for residents while keeping the residential area peaceful and organised.Avinea offers well-designed 2, 3, and 4 BHK residences with efficient layouts that maximise space and functionality. Large windows and balconies bring in natural light and fresh air, creating bright and airy interiors.Residents can enjoy a wide range of amenities including a fully equipped gym, swimming pool, cricket pitch, football turf, jogging track, kids’ play area, banquet hall, café spaces, and golf facilities, creating a vibrant and well-rounded lifestyle community. Ar. Swapnil KshirsagarDesign 11 Architects Ar. Vivek BholeVivek Bhole Architects AVINEA by Vyom Buildcon –A Vision Realised in Hadapsar Our vision for Avinea was to create a thoughtfully designed residential development in Hadapsar that reflects modern urban living while ofering comfort, convenience, and a strong sense of community. We wanted the project to provide well-planned homes that balance contemporary architecture with practical layouts suited for everyday family life.Ar. Swapnil Kshirsagar, Ar. Vivek Bhole, along with their team at Design11 Architects, have successfully brought this vision to life. The seven residential towers are carefully arranged to create an open and harmonious community layout, allowing for ample natural light, ventilation, and unmatched privacy.The residences feature eficient layouts, large windows, and balconies, creating bright and airy interiors. Avinea ofers an extensive range of amenities, including a Sports Arena, 13000 Sq. Ft. Fitness Zone, 3 Swimming Pools, and 3 Clubhouses. The kids-friendly environment boasts multiple play zones, a creche, music, and dance academy, making it an ideal space for families.We sincerely appreciate the architects’ creativity, dedication, and attention to detail in shaping Avinea into a welcoming and vibrant residential community. Mr. Viraj Tupe MD, Vyom Buildcon

Solving Collaboration Challenges in Construction Which drawing are we supposed to follow? The site engineer has one version saved on WhatsApp. The consultant refers to a revised drawing sent over email last week. The contractor insists an approval was “given verbally” during a site visit. The project manager scrolls through message threads, screenshots, and PDFs – trying to piece together what was actually decided. Decisions stall and work slows. This is a familiar reality across construction projects of every scale. Every delay feels small until it costs 10 days and ₹40 lakh in rework. What appears on site as a minor coordination issue quickly escalates into something far more damaging. This isn’t just inefficient. It’s expensive. Industry data reveals that construction inefficiencies cost the global industry over $1.6 trillion every year. When dozens of stakeholders are involved, fragmentation is no longer a minor inconvenience—it becomes the single largest contributor to delays, rework, and disputes. Some of the most common collaboration challenges faced by construction teams are: Scattered Communication Channels Project communication often happens across multiple platforms. Over time, these scattered channels create confusion. Important decisions get buried in inboxes, document versions become difficult to track, and teams on site may unknowingly proceed with outdated information. Confusion Around Drawing Versions Construction projects generate thousands of drawings, reports, and technical documents across their lifecycle. Without structured version control, multiple versions of the same file may circulate simultaneously. Lack of Accountability and Traceability Decisions in construction are made constantly—during site visits, coordination meetings, or informal conversations. Yet many of these decisions remain poorly documented. When disputes arise or compliance reviews are required, teams often struggle to trace who approved what and when. Gaps Between Site and Office Teams Construction projects are inherently distributed environments. Design teams work from offices while site teams deal with real-time conditions on the ground. Updates shared informally through calls or messages may not reach decision-makers quickly, slowing problem-solving and increasing the risk of incorrect execution. These challenges are not the result of inadequate expertise or planning. Rather, they reflect an industry that has long relied on informal communication systems to manage increasingly collaborative projects. Across the construction sector, there is growing recognition that collaboration requires stronger digital infrastructure. Centralised project collaboration platforms are emerging to bring communication, documentation, and decision-making into a single environment. The Shift Toward Digital Collaboration – CollabWorx CollabWorx is a platform designed specifically for the construction ecosystem, functioning as a unified digital workspace where project stakeholders collaborate, communicate, and manage project information in a structured environment. CollabWorx enables teams to: • Centralise project communication All discussions, clarifications, and updates happen within the project workspace rather than across scattered channels. • Manage drawings and documents with version control Teams always access the latest approved documents while maintaining a clear revision history and structured folder system. • Reduce repeated file sharing and document duplication Project documents are stored in a central workspace, eliminating the need to repeatedly send large files through WeTransfer links, Google Drive folders, or email attachments. • Connect with multiple teams from anywhere Site engineers can upload updates, images, and reports directly into the project environment. • Maintain transparent documentation trails Every action, comment, or approval is recorded and traceable. As construction projects become larger and more complex, collaboration can no longer rely on informal communication systems. The industry is moving toward structured, transparent, and digitally supported workflows. Visit www.collabworx.in to move your projects from chaos to clarity. Yash Deshpande Collabworx Business Head, Collabworx +91 99705 61114 yash.deshpande@collabworx.in

Where Real Estate, Healthcare & Strategic Funding Converge Building Opportunities, Creating Impact India is witnessing one of the most dynamic phases of infrastructure and economic transformation in its modern history. With rapid urbanisation, rising investment flows, and a growing need for world-class healthcare facilities, the country is entering an era where real estate development and healthcare infrastructure must grow together. At the centre of this evolving landscape stands a strategic approach that connects land, capital, planning, and execution. Organisations that understand this integration are not merely facilitating transactions—they are building ecosystems that shape the future of cities and communities. This philosophy lies at the heart of SG Promoters & Real Estate Consultant and Vichaaro Health Integrators Pvt. Ltd.—two Pune-based strategic consulting firms working to create sustainable growth across real estate, healthcare infrastructure, and capital advisory. Together, these organisations represent a model of integrated development where vision meets value. Strategic Advisory for a Transforming Market Over the past decade, India’s real estate sector has evolved from a fragmented industry into a more structured and transparent asset class. Today’s investors, developers, and institutions are increasingly looking for strategic advisory partners who can guide them through complex market dynamics. SG Promoters provides end-to-end real estate advisory across multiple segments including residential, commercial, land acquisition, and redevelopment projects. Key areas of expertise include: ●Residential and luxury property investments ●Commercial spaces and IT park assets ●Land acquisition and NA plot transactions ●Redevelopment and joint venture structuring ●Strategic portfolio investment advisory What differentiates the firm is its ability to identify emerging opportunities before they become mainstream trends. Supported by a strong developer network and transparent deal structuring, the company enables investors to access projects aligned with long-term growth potential. Bridging Healthcare & Infrastructure While real estate continues to expand rapidly, India’s healthcare sector is simultaneously experiencing an unprecedented surge in demand. Population growth, increasing life expectancy, and rising healthcare awareness have created an urgent need for modern hospitals, diagnostic centres, and integrated medical infrastructure. Recognising this opportunity, Vichaaro Health Integrators Pvt. Ltd. was established to focus specifically on healthcare infrastructure development. The organisation supports healthcare providers, investors, and institutions through services such as: ●Hospital land identification and acquisition ●Healthcare project feasibility analysis ●Hospital acquisition and merger advisory ●Medical infrastructure planning ●Government approvals and regulatory liaison By connecting healthcare operators, investors, and infrastructure developers, the company plays a critical role in enabling the development of healthcare facilities where they are needed most. Structuring Capital for Growth In large-scale infrastructure and healthcare projects, access to capital is often the deciding factor between concept and execution. Recognising this, the group also provides strategic funding advisory and capital structuring solutions. The firms facilitate financial structuring across multiple channels including: ●Construction and project finance ●Loan Against Property (LAP) ●Lease rental discounting ●Bank and NBFC funding channels ●Private investor participation and equity partnerships By aligning financial structures with project feasibility, the companies ensure that real estate and healthcare developments are not only visionary but also financially sustainable. A Partnership-Driven Approach At a time when industries are becoming increasingly complex, successful projects rely on collaboration, transparency, and strategic alignment. The philosophy guiding SG Promoters and Vichaaro Health Integrators is built on long-term relationships rather than short-term transactions. Their approach focuses on: Strong industry and investor networks Cross-sector expertise in real estate and healthcare Transparent documentation and compliance End-to-end advisory support Long-term partnership development This commitment ensures that every project benefits from structured planning, disciplined execution, and sustainable growth. Shaping Tomorrow’s Infrastructure India’s growth story is not only about expanding skylines—it is about building institutions and infrastructure that improve lives. Companies that integrate real estate expertise, healthcare vision, and financial strategy will play a defining role in shaping the country’s next chapter of development. Through their integrated approach, SG Promoters and Vichaaro Health Integrators are positioning themselves as catalysts for this transformation—connecting opportunities, enabling partnerships, and building projects designed to endure for generations. Building Relationships. Creating Futures. Enabling Growth. Dinesh Jaikumar Bothra Managing Director SG Promoters & Real Estate Consultant Vichaaro Health Integrators Pvt.Ltd. sgpromotersrealestate@gmail.com info@vichaaro-hi.com +91 80877 15247 /020-4721 5080

GST Notices in Real Estate, Are You Prepared? In the recent regulatory environment, the real estate sector has become a key focus area for GST authorities, driven by increased data analytics, system-based scrutiny, and cross-verification with external databases such as RERA, Income Tax, and financial statements. Builders and developers must clearly understand that GST compliance is no longer a procedural requirement—it is a risk management function impacting cash flow, project profitability, and legal exposure. Key Areas Where Builders Are Receiving Notices: 1. Mismatch in GST Returns (GSTR-1 vs GSTR-3B) Authorities are actively tracking differences between outward supplies reported and tax actually paid. Even minor mismatches can trigger notices. Even timing differences or amendment errors are leading to automated notices under Section 61 / 73 / 74 Impact: Demand for tax, interest, and penalty. 2. Incorrect GST Rate Application Confusion between 1%, 5%, and 18% GST rates—especially in cases of affordable housing, commercial units, and mixed projects—is a common issue. Impact: Short payment of GST leading to retrospective liability. 3. ITC Reversal on Unsold Inventory (Critical Area) As per Notification No. 03/2019-CTR and Rule 42 & 43 of CGST Rules ITC attributable to unsold units at the time of OC (Completion Certificate) must be reversed. Many builders fail to correctly reverse Input Tax Credit (ITC) related to unsold units at the time of completion certificate (OC). Impact: Significant tax liability arises at project completion stage, when cash inflow is already reduced 4. Non-Compliance under Reverse Charge Mechanism (RCM) RCM on unregistered purchases and development rights (JDA transactions) is often overlooked. Impact: Hidden liabilities identified during assessment. 5. Data Mismatch with RERA and Books Differences in revenue recognition between GST returns, financial statements, and RERA filings are increasingly being scrutinized. Impact: Detailed audits and extended litigation. Why Builders Need to Act Proactively? A common mistake observed is that builders respond to notices only after receiving them, rather than focusing on preventive compliance. In today’s environment, departmental systems are fully data-driven, and any inconsistency is quickly flagged. Therefore, waiting for notice is no longer a strategy—it is a risk. Practical Steps to Stay Prepared Builders should implement monthly reconciliation of GSTR-1, GSTR-3B, and books to avoid mismatches and notices. It is essential to conduct project-wise GST review with correct rate applicability and ensure timely ITC tracking and reversal, especially at the time of completion. Further, maintaining proper documentation (agreements, invoices, cost records) and ensuring alignment between GST returns, financial statements, and RERA disclosures is critical to reduce litigation risk and ensure smooth compliance. CA PAVAN JOSHI Chartered Accountant, P N Joshi & Co. pavan@capnjoshi.com +91 96231 22037