Mumbai - Devendra Fadnavis was sworn in as the 21st Chief Minister of Maharashtra, with Ajit Pawar and Eknath Shinde taking the oath as Deputy Chief Ministers.
Devendra FadnavisMaharashtraChief MinisterEknath ShindeAjit PawarReal Estate MumbaiDec 05, 2024
Devendra Fadnavis is a seasoned Indian politician and former Chief Minister of Maharashtra from 2014 to 2019. He has now been sworn in as the 21st Chief Minister of Maharashtra.
The Deputy Chief Ministers of Maharashtra are Ajit Pawar and Eknath Shinde.
The oath-taking ceremony marks the official beginning of the new government, where the Chief Minister and Deputy Chief Ministers take the oath of office, signaling their commitment to serve the state.
The initial focus areas of the new government include healthcare, education, agriculture, and infrastructure.
The real estate sector is expected to benefit from continued reforms and policies initiated by the new government to ensure transparency and accountability, aligning with the goals of RERA (Real Estate Regulatory Authority).
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Raymond is poised to sign massive joint ventures in Indian real estate, capitalizing on the sector's rapid growth. Mumbai, a key market, witnessed a 27% increase in residential sales in Q1 CY24, driving up property prices.
Major US banks have passed the Federal Reserve's annual stress test, demonstrating their ability to withstand a severe economic downturn, but concerns remain about the commercial real estate market.
CBRE, a leading global real estate advisor, has taken over the facilities management of Elan Group's properties, emphasizing on sustainability initiatives and improving retail asset management.
Hyderabad is set to witness a major real estate boom with the announcement of several landmark development projects, including a future city at Mucherla and expansion of metro rail.
Meghna Infracon Infrastructure Limited has secured a redevelopment agreement for a residential project in Model Town, Lokhandwala, Andheri (West), Mumbai, expected to generate revenue of Rs 400 million.