Maharashtra's Chief Minister Devendra Fadnavis has announced that a government resolution (GR) will be issued soon to facilitate the self-redevelopment of cooperative housing societies, aiming to provide bigger homes in Mumbai.
SelfredevelopmentCooperative HousingMumbaiDevendra FadnavisEknath ShindeReal Estate MumbaiJul 14, 2025
The self-redevelopment concept allows cooperative housing societies to redevelop their properties without the involvement of private developers. This initiative aims to provide residents with larger, more spacious homes.
The committee was headed by BJP MLC Pravin Darekar.
The committee recommended financing solutions, streamlined guidelines, and specific provisions for slum redevelopment, cess and non-cess buildings, aviation regulations, and deemed conveyance reforms.
Around 1,600 housing societies have submitted proposals for redevelopment.
The NCDC will provide financial assistance for these projects, and Union Cooperative Minister Amit Shah has been approached for Central support.
Vraj Iron, YES Bank, RVNL, Zomato, HDFC Bank, HCL Tech, IEX, and D-Mart are among the top stocks that may remain under spotlight before the opening bell on Wednesday.
The company has a total land bank of 260 acres across Bengaluru, Mangaluru, Mysuru, and Pune.
AIPL has expanded its rental portfolio to 5 million sq ft, marking a significant milestone in its growth journey. The company aims to further strengthen its position in the Indian real estate market.
Global law firm Hogan Lovells has advised Invesco Real Estate on the sale of Time Building, an iconic office building located in the centre of Milan, to a real estate fund owned by Fabrica Immobiliare SGR S.p.A.
Mumbai-based The House of Abhinandan Lodha, a renowned real estate firm, has announced new projects in the cultural hubs of Amritsar, Varanasi, and Vrindavan. These projects aim to blend modern amenities with the rich cultural heritage of these cities.
The Supreme Court has highlighted the need for transparency in land distribution, particularly in the context of a proposed housing society in Maharashtra.