The Maharashtra government has announced a significant move to mandate the use of precast construction methods for all real estate firms, aiming to reduce air pollution and improve building quality. This decision marks a pivotal shift in the construction
Precast ConstructionReal EstateAir PollutionMaharashtraSustainable BuildingReal Estate NewsMar 16, 2025
Precast construction is a method where building components are manufactured in a controlled factory environment and then transported to the construction site for assembly. It is known for its efficiency, reduced construction time, and minimal environmental impact.
The Maharashtra government is mandating precast construction to reduce air pollution, improve building quality, and streamline the construction process, leading to faster project completion and enhanced structural integrity.
The benefits include a more predictable construction schedule, reduced risk of delays and cost overruns, consistent quality of materials, and improved sustainability. These factors are attractive to homebuyers and investors, potentially boosting the market for precast properties.
Real estate firms may face initial challenges such as the cost of setting up precast manufacturing facilities, training workers, and adjusting their operations and supply chain management. However, the long-term benefits are expected to outweigh these challenges.
The Maharashtra government is providing various incentives, including subsidies and technical assistance, to support the transition. A task force has also been established to oversee the implementation of the mandate and ensure compliance among real estate firms.
The state government establishes a committee to study the redevelopment of BEST properties and lands for commercial and housing complexes
The Maharashtra Real Estate Appellate Tribunal (MREAT) recently issued a significant order on August 13, 2024, regarding the forfeiture of advance payments by developers. This order has far-reaching implications for both real estate developers and homebuy
Evoq Realtech, a prominent real estate developer based in Mohali, is delighted to announce its partnership with Indian superstar Hrithik Roshan. This strategic alliance aims to enhance the brand's presence and credibility in the market.
SignatureGlobal, a leading real estate stock, is poised for significant growth, with ICICI Securities projecting a 59% upside. This high-growth company is attracting investor attention with its strong performance and expansion plans.
Average housing prices across India's top eight cities witnessed a 10% annual increase during Q4 2024, with Delhi NCR leading the rise at 31%. The report by CREDAI and leading property consulting firms highlights a sustained upward trend in housing prices
Uttar Pradesh Chief Minister Yogi Adityanath discusses his vision for the state, including the significance of Mahakumbh, development initiatives, and cultural events like Holi, at the IndiaTodayConclave2025.