Mumbai, August 21, 2024: The National Real Estate Development Council (NAREDCO), Maharashtra Chapter, is set to host its flagship event, The Real Estate Forum (TREF) 2024 with JLL as their knowledge partner. The forum will take place on August 29, 2024, at Hotel Trident, Mumbai, with a key focus on India’s Residential Sector. Now in its third edition, this highly anticipated event promises to be even more impactful, aiming to shape the future of Maharashtra’s real estate industry.

The forum will be graced by an impressive lineup of dignitaries, including the Chief Minister of Maharashtra, Shri Eknath Shinde; Deputy Chief Minister Shri Devendra Fadnavis; and Maharashtra Housing Minister Shri Atul Save. This year’s edition is expected to gather over 500 attendees from the real estate sector, providing a platform to explore the latest trends, innovations, and opportunities that the sector presents. Additionally, JLL will unveil a white paper during the event, offering key insights into the industry.

Mr. Prashant Sharma, President of NAREDCO Maharashtra, expressed his enthusiasm for the upcoming forum, stating, “We are delighted to host The Real Estate Forum 2024, an event that will be pivotal in shaping the future of our industry. This year’s forum is designed to tackle the pressing challenges and opportunities offered in the real estate sector. It will be our endeavor to bring forward the changes needed in policy matters with the government that will ably support the industry.”

Dr. Samantak Das, Chief Economist and Head of Research and REIS, India, JLL said, “As Mumbai continues to expand, the completion of key transit infrastructure projects and the upcoming Navi Mumbai Airport promise to drive significant growth in both residential and commercial sectors, propelling the city’s real estate market towards unprecedented levels of activity and value. Mumbai’s residential sales value is projected to surpass INR 1.35 lakh crore in 2024 and grow at a CAGR of ~6.8% to reach over INR 2 lakh crore by 2030. Developers have already acquired over 280 acres of land, translating to a development potential of approximately 42-48 million sq ft and a sales potential of approx. INR 70,000 crore.”

The Real Estate Forum 2024 will feature an array of keynote speakers, panel discussions, and interactive workshops, addressing a broad spectrum of topics vital to the industry. Key discussion topics will include government policies that drive real estate, the diversity of the residential market, challenges and opportunities in redevelopment, trends in real estate financing, and necessary amendments to RERA 2.0, among others.

Attendees will have the opportunity to engage in various breakout sessions and panel discussions, focusing on topics such as:

• MahaUrban Revolution@2047: Government Policies driving real estate
• Real Estate Spectrum: Insights into opportunities beyond residential
• Urban Tapestry: Diversity of India’s residential market
• Rebuilding Mumbai: Challenges and Opportunities in redevelopment
• Unlocking Capital: Trends in Real Estate Financing
• RERA 2.0: Amendments needed in the Act / Implementation

The Indian real estate sector is currently witnessing significant transformations, driven by a series of government reforms and initiatives that have revitalized the housing market. Recent quarters have seen record home sales, with buyers increasingly recognizing the value of home ownership. Developers are advocating for further reforms to enhance transparency, streamline the home buying process, and reduce bureaucratic hurdles.

The Real Estate Forum 2024 is set to be a landmark event, offering a comprehensive platform for industry leaders to deliberate on the future of the residential sector and beyond.

The Union Cabinet, under the leadership of Prime Minister Narendra Modi, has given the green light to the Thane Integral Ring Metro Rail Project (IRMRP), a crucial development poised to revolutionize urban mobility and real estate in Thane. The Maharashtra Metro Railway Corporation Limited (MMRCL) will spearhead this groundbreaking project, marking its first greenfield venture in the metropolitan region.

Scheduled to commence operations by 2029, the Thane Ring Metro will create a vital link between Thane’s remote residential and commercial hubs — Wagle Estate, Ghodbunder, Kolshet, and Saket — and both the new and old Thane railway stations. The project will also connect with Mumbai and Kalyan through the ongoing metro lines 4 and 5. Out of the 22 stations planned, the new and old Thane railway stations will be constructed underground, ensuring seamless integration with the existing urban infrastructure.

With the capacity to carry 1,500 passengers per six-coach rake, the metro is expected to operate every 15 minutes, completing a full loop within an hour. By 2045, the daily ridership on this corridor is projected to reach 8.72 lakh passengers, underscoring the project’s significance for the future of Thane’s urban transportation.

The real estate industry has responded enthusiastically to this development, recognizing the potential for a transformative impact on the region.

Mr. Vedanshu Kedia, Director, Prescon Group, highlighted the project’s broader impact: “The Union Cabinet’s approval of the Thane Ring Metro Project marks a transformative milestone for the Thane real estate market. This project, with its strategic connectivity across key residential and commercial hubs is set to redefine urban mobility and catalyze significant growth in the region. The enhanced connectivity to Mumbai and Kalyan, along with the integration with existing metro lines, will not only improve accessibility but also elevate Thane’s appeal as a preferred destination for homebuyers and investors alike. We anticipate that this development will spur demand for both residential and commercial properties, driving up property values and contributing to the overall economic prosperity of Thane.”

Mr. Rajeev Ranjan, Co-Founder & CEO, The Mentors Real Estate Advisory Pvt Ltd, echoed these sentiments, stating, “The approval of the Thane Ring Metro Project by the Union Cabinet is a game-changer for the Thane real estate market. This project will not only enhance connectivity across key residential and commercial areas but will also bring a transformative impact on property values and development potential in these areas. With the metro seamlessly linking old and new railway stations and integrating with existing metro lines, we anticipate a significant uptick in demand for both residential and commercial spaces. The improved accessibility will make Thane even more attractive to homebuyers and investors, fostering sustainable growth and solidifying Thane’s position as a preferred destination within the Mumbai Metropolitan Region.”

Mr. Rajan Bandelkar, Vice Chairman, NAREDCO and MD, Raunak Group, expressed, “The Thane Integral Ring Metro Rail Project is a significant milestone that will undoubtedly catalyze the real estate market in Thane. The enhanced connectivity provided by this ambitious project will transform Thane into an even more attractive destination for both homebuyers and investors. As commuting times reduce and accessibility improves, we anticipate a surge in demand for residential and commercial spaces, particularly in areas around the proposed metro stations. Thane Integral Ring Metro Rail Project aligns with the vision of creating well-connected, sustainable urban centers, and will play a pivotal role in elevating Thane’s status as a thriving real estate hub. We expect a positive ripple effect on property values, leading to accelerated growth and development in the region. As the metro project unfolds, it will not only uplift the real estate market but also contribute to the overall socio-economic development of Thane, further solidifying its position as a prominent residential and commercial hub in the MMR region.”

New Delhi, 21st August 2024: Welspun One, an integrated fund and development management platform, in partnership with JLL, a leading global real estate services firm, is pleased to announce the successful acquisition of a prime 22-acre site along the Bilaspur-Tauru Road in the Gurgaon/NH-08 corridor. This transaction facilitated by JLL, represents a significant milestone in Welspun One’s strategy to expand its logistics park footprint in India.

The acquired land, situated in India’s most active logistics sub-market, is recognized for its strategic importance. According to JLL, the Gurgaon/NH-08 corridor boasts a total supply of 64 million square feet for Grade A & B spaces as of H1 2024, positioning it as the largest logistics sub-market in India, followed by Bhiwandi in Mumbai. Gurgaon/NH-08 sub-market witnessed a gross absorption of 3.7 million square feet in H1 2024, almost doubling the absorption recorded during the same period in the previous year (H1 2023). This significant increase in absorption underscores the robust warehousing demand in the region.

“This land transaction is unique in the sense that it’s a long lease of aggregated land from multiple private landlords – an emerging transaction typology in the country i.e. lease over outright,” said Yogesh Shevade, Head – Logistics & Industrial, India, JLL

The site is ideally positioned near existing major logistics parks, enhancing its appeal to tenants. Welspun One’s proposed development will complement the surrounding infrastructure, which includes notable tenants like leading 3rd party logistics players, e-commerce giants and retail players.

Mr. Anshul Singhal, Managing Director, Welspun One, stated, “This acquisition marks a significant step in expanding our footprint in one of India’s vital logistics corridors. By leveraging this prime location, we aim to create a cutting-edge logistics hub that will not only support our tenants’ operational efficiencies but also contribute to India’s broader economic growth. We are committed to developing world-class facilities that will enhance the region’s connectivity and drive industrial growth, further cementing our role in the nation’s logistics sector.”

Welspun One plans to invest INR 125 crore in this Bilaspur-Tauru Road project, which is expected to generate employment for 1200-1500 people. The project aligns with the company’s vision to create state-of-the-art logistics and warehousing facilities that cater to the diverse and evolving needs of businesses across various industries.

Dubai, UAE, 20 August 2024: ‘Vilal Housing’, the leading organization specializing in the development of housing solutions for UAE citizens, praises the efforts of the UAE Government in enhancing residential stability for citizens by approving 2,618 housing permits worth over AED 2billion during the first half of 2024.

In this context, Ilham Al Rashdi, Client Experience Manager at ‘Vilal Housing’, stated: “This initiative reflects the wise leadership’s commitment to providing a dignified life for citizens. At ‘Vilal Housing,’ we are committed to our role in supporting this vision by offering innovative housing solutions that meet the needs of the growing Emirati community.”

Al Rashdi added: “We are continuously working on developing housing projects according to the highest standards of quality and innovation, which contributes to enhancing social stability and improving the quality of life in the country. Our partnership with relevant entities is a fundamental part of our strategy to achieve sustainable development and ensure the well-being of future generations.”

Al Rashdi confirmed that ‘Vilal Housing’ is making every effort to meet the increasing demand for housing from citizens by offering services that exceed customer expectations in terms of high quality and adherence to contracts with homeowners. The company collaborates with leading contracting firms in the country and works closely with strategic partners to overcome all obstacles citizens face in completing their construction projects, including providing financing through partnerships with banks and financial institutions to offer loans with easy repayment terms.

‘Vilal Housing’ offers a wide range of housing options that cater to the needs of various segments of society, based on the latest quality and design standards, contributing to the creation of a distinguished and sustainable residential environment.

Al Rashdi concluded: “At ‘Vilal Housing,’ we are always ready to collaborate with all relevant entities to achieve national housing goals and provide the necessary support to ensure suitable housing for every citizen.”

The housing sector has been one of the most vital sectors prioritized since the founding of the UAE, due to its fundamental role in enhancing social stability and improving citizens’ quality of life. With the rapid growth witnessed by the country, making it one of the fastest-growing nations globally, it has become essential to adopt strategic planning and integrated investment in the housing sector to meet the increasing needs of the population and provide suitable housing that aligns with their aspirations. This ongoing commitment reflects the wise leadership’s dedication to ensuring a prosperous future for its citizens.

Pune, August 17, 2024… Maestro Realtek is proud to announce its strategic partnership with GS Group for their latest commercial and Retail project located in the rapidly growing Kesnand Road, Wagholi area of Pune. This collaboration marks a significant milestone in the commercial real estate sector, bringing together two industry leaders dedicated to delivering unmatched value and growth opportunities for businesses and investors alike.

Set on approximately 5.5 acres of prime land, GS Group’s prestigious development on Kesnand Road, Wagholi promises to transform the local landscape with five state-of-the-art towers featuring premium commercial offices and retail showrooms. This modern marvel fosters the convergence of ideas and innovation, providing an ideal environment for visionaries and entrepreneurs to bring their dreams to life.

Nitin Gupta, Managing Director and Founder of Maestro Realtek, shared his enthusiasm for the partnership, stating, “We are thrilled to join hands with GS Group on this landmark project. At Maestro Realtek, we are committed to elevating the commercial real estate experience by providing strategic insights and innovative solutions. Our collaboration with GS Group is a testament to our shared vision of creating spaces that not only meet but exceed the expectations of businesses and investors. Together, we aim to set a new benchmark for commercial and retail developments in Wagholi.”

Located on the eastern side of Pune, Kesnand road is a part of the Pune Municipal Corporation. The area boasts excellent connectivity, including a six-lane 15 km-long Nagar Road, the Ramwadi to Wagholi elevated route. Additionally, the locality is near major IT hubs like Kharadi EON IT Park and World Trade Center.

GS Group’s commercial and retail project offers unparalleled opportunities for professionals, small business owners, investors, IT professionals, and local vendors or traders. The development includes a mix of shops, showrooms and offices, designed to cater to various business needs. The infrastructure features Grade A construction, 100% DG backup, earthquake resistance, Gypsum Finish with coats of Oil Bound Distemper, CCTV with security, fire alarm system, WiFi provision, two elevators with backup, Tafan glass doors, and free inverters for offices.

This strategic collaboration between Maestro Realtek and GS Group is poised to redefine the commercial real estate landscape in Wagholi, offering businesses a premium destination to thrive and grow.

Nashik, 17th August, 2024: Nashik’s journey towards sustainable urban living took a significant step forward as students of the Green Wall team from Delhi Public School Nashik visited the Nashik Municipal Corporation (NMC) office on 2nd August 2024. They met with Shri Kalpesh Patil Assistant Director Town Planning Department, Nashik Mahanagara Palika, Nashik and the Deputy Commissioner, Ajit Nikat of Godavari Sanvardhan to present a proposal aimed at integrating green wall installations in upcoming small-scale apartment buildings across the city.

During the meeting, the green wall team members passionately discussed the environmental benefits of green walls, such as improved air quality, thermal insulation, and enhanced urban biodiversity. They emphasized the importance of incorporating sustainable practices into urban planning to address the challenges posed by rapid urbanization. The Town Planning Officer and the Deputy Commissioner responded positively to the proposal, acknowledging the potential impact of green walls on the city’s landscape and environment. They encouraged the club to collaborate with experts to draft comprehensive guidelines for implementing the initiative in Nashik’s urban planning policies.

This meeting marked a significant milestone in the Eco Club’s ongoing efforts to make Nashik a greener city, underscoring the importance of community involvement in environmental conservation.

This initiative was inspired by a simple yet profound question from a grade 3 student at DPS Nashik: “Why can’t I have plants in my apartment like I see at school or in the garden?” This query highlighted the issue of space constraints in small-scale apartment buildings and sparked a movement within the school.

The student’s wish led to a collaborative project among the grade 3 students, who decided to create a vertical garden or “Green Wall” in their friend’s apartment. With the support of their school director, Mr. Siddharth Rajgarhia, facilitator Ms.Shwetha V. the students collected plants, soil, and reusable plastic bottles to build the first green wall. This successful initiative didn’t stop there; the students went on to install seven more green walls in various apartments across Nashik.

However, the journey was not without its challenges. Convincing apartment residents to allow these installations required persistence. The students wrote letters, persuaded their parents, and repeatedly requested permission to bring their green vision to life. Despite the limited broader community response, these young changemakers remained determined to spread their green wall project throughout Nashik.

The Green wall team’s visit to the NMC office represents the next phase of this movement, aiming to extend the impact of their efforts citywide. What began as a child’s simple wish has now evolved into a city-wide initiative, with the potential to inspire other cities to follow suit and rethink their relationship with nature.

Bhiwani, 16th August 2024: Centre for Sight, a renowned eye care hospital known for its cutting-edge technology and trusted team of doctors, today announced the launch of its world-class eye care centre in Bhiwani. Launch of this new centre aims to provide super-specialized eye care services to the residents of Bhiwani and adjoining areas, eliminating the need to travel to metro cities.

The grand inauguration ceremony witnessed the esteemed presence of Shri Bhupender Yadav, Minister of Environment, Forest and Climate Change of India as Chief Guest along with Shri Ghanshyam Saraf, Member of Legislative Assembly, Bhiwani as the Guest of honour, among several other notable dignitaries and luminaries from various fields.

Speaking on the occasion, Shri Bhupender Yadav, Minister of Environment, Forest and Climate Change of India welcomed Centre For Sight to Bhiwani and expressed delight in witnessing the hospital significant advancements in technology, expertise, and infrastructure available to the patients, making it an ideal one-stop eye care destination. He also highlighted the significance of the hospital’s opening, marking a new era of eye care in Bhiwani and bringing quality and affordable eye care to the region.

Shri Ghanshyam Saraf, Member of Legislative Assembly, Bhiwani said “I am delighted to witness the launch of Centre for Sight in Bhiwani, which brings advanced eye care services to our region. This centre is a testament to the progress we are making in ensuring that every citizen has access to high-quality healthcare, right in their vicinity. The state-of-the-art technology and expert team at this facility will undoubtedly benefit many and help in reducing the burden of preventable blindness in our community.”

Preventable blindness encompasses a range of conditions, including cataracts, refractive errors, glaucoma, and diabetic retinopathy. The good news is that many of these conditions are not only treatable but also preventable through timely intervention and public awareness.

Dr. Mahipal Singh Sachdev, Chairman, and Managing Director of Centre For Sight Group of Eye Hospitals, emphasized the mission to bring affordable world-class eye care to every corner of India, as one-third of the world’s Visually impaired population resides in India. Centre For Sight, they firmly believe that every eye deserves the best, and they are dedicated to serving the people of India with compassion and excellence. Our belief and dedication to the cause of eye health for all has been instrumental in bringing Centre For Sight to Bhiwani.

Dr. Mahipal, shared that the Smooth Incision Lenticule Keratomileusis (SILK) procedure offers new hope for myopia patients, allowing them to achieve clear vision without the need for glasses or contact lenses. It is a matter of pride that Indian ophthalmologists have contributed significantly to the development of this latest technology, which is now available at select centres across India.

He added, “At the Centre for Sight, we are proud to have been the first site in the world to perform SILK. This is testimony to the presence of Indian Ophthalmology at the World stage. Most of the early clinical data for this technology has been contributed by Indian Centres including Centre for Sight. We are proud to launch this technology in India and at Centre for Sight.”

With a network of 75+ locations spanning over 30 cities in India, Centre For Sight now extends its premium eye care services to Bhiwani. The centre specializes in providing comprehensive ophthalmic services, from advanced cataract solutions to glaucoma treatment, and a range of complex surgeries, all under one roof. Additionally, the centre will conduct Comprehensive Eye Check-Up camps for the local residents and house an optical wing, CFS Vision, providing complete eyewear solutions.

Equipped with state-of-the-art technology, the centre offers world-class eye care services. The advanced Micro-Incision Cataract Surgery (MICS) with phacoemulsification (phaco) is followed by the implantation of advanced lenses such as trifocal, multifocal, toric, EDOF, and advanced design intraocular lens (IOL). This stitchless, bloodless, and painless procedure ensures quick healing and post-operative recovery.

The group is actively involved in research and innovation in the field of eye care. Their commitment to advancing knowledge in ophthalmology has led to the development of new surgical techniques, treatments, and technologies that benefit patients worldwide.
Spread over 6500 sq ft., the Centre boasts Four consultation chambers and state-of-the-art modular operation theatres, providing a seamless and technologically advanced eye care experience.