The Maharashtra government is formulating a policy to mandate precast construction for real estate projects in Mumbai. This initiative aims to reduce pollution and improve the efficiency of construction processes in the city.
Precast ConstructionMumbaiReal EstatePollutionSustainabilityReal Estate MumbaiMar 18, 2025

Precast construction is a method where building components are manufactured off-site in a controlled environment and then transported to the construction site for assembly. This method is known for its precision, durability, and reduced environmental impact.
The government is mandating precast construction to reduce pollution, improve construction efficiency, and enhance the overall quality of buildings in the city.
Precast construction reduces the amount of dust and emissions generated during the building process, as manufacturing is done off-site in a controlled environment, and on-site assembly is faster and cleaner.
Benefits include faster project completion, reduced maintenance costs, improved quality and safety of buildings, and a more sustainable approach to construction.
Initial challenges include higher upfront costs for developers and the need for significant investment in new infrastructure. However, the government is working on incentive programs to support the transition.

Despite the recent slowdown, Gujarat's real estate market remains a promising growth hub, driven by infrastructure development and government initiatives.

Nitco Ltd's sale of a 16,250 sqm land parcel in Kanjurmarg East to Runwal Group for INR 232 crore highlights the high demand for prime Mumbai real estate and the company's focus on optimizing its asset portfolio.

The acquisition of a high-value property by Yatin Shah, co-founder of 360 ONE, underscores the increasing demand for luxury real estate in Mumbai, particularly in South and Central areas.

The Haryana Real Estate Regulatory Authority (Hrera) in Gurugram has issued a stern warning to real estate promoters for failing to submit their mandatory annual reports. The authority has imposed a fine of Rs 0.5 million on the non-compliant developers.

A recent Credai-KPMG report highlights Pune's leading position in the Indian real estate market, particularly in the development of senior living homes. The report emphasizes the growing demand for well-being-focused housing for the elderly.

Families and survivors of the 2008 Mumbai attacks are calling for the extradition and strict punishment of Tahawwur Rana, a key suspect in the terror operation. Sanjana Shah, daughter of real estate magnate Pankaj Shah, who was killed during the attack on Hotel Oberoi, has been a vocal advocate for justice.