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Purandar Airport Land Acquisition Cut to 3000 AcresNew Mahabaleshwar: A Rare Land Opportunity in a Growing Hill Station
The New Mahabaleshwar Hill Station Project is one of Maharashtra’s most exciting initiatives to develop tourism and boost the local economy. Spread across 235 villages in Satara, Jaoli, Patan, and Mahabaleshwar, this area lies in the ecologically rich Western Ghats, a UNESCO World Heritage site. The region is famous for its green forests, waterfalls, hills, and valleys, making it a top choice for leisure, adventure, and religious tourism.
The Maharashtra government is taking major steps to develop New Mahabaleshwar, including building roads, electricity, water supply, and public amenities. Plans also include housing, commercial areas, gardens, recreational zones, and institutional facilities, ensuring a well-planned, sustainable growth of the region. With the government promoting tourism through public-private partnerships, this area is set to see rapid development and high-value appreciation in the coming years.
Why Investing Here Makes Sense
- High Future Appreciation: Over time, land and property values will rise due to government-supported infrastructure and tourism initiatives.
- The Prime Location: It is appealing for vacation homes and resorts because it is close to major highways and has good access to urban centres.
- Eco-Friendly Development: Long-term value is added by balanced development, which guarantees the preservation of biodiversity and natural beauty.
- Various Investment Options: Land can be turned into vacation residences, resorts, or resale plots.
Investing in plots in this area today can be a rare opportunity for buyers to secure land in a promising and growing hill station before the region reaches its full potential.
Seize the opportunity now — New Mahabaleshwar is set to become one of Maharashtra’s most sought-after destinations for tourism and investment.
House of Abhinandan Lodha Partners with Zepto for Vrindavan Project
To provide digital access to its Vrindavan project, the House of Abhinandan Lodha (HoABL) has teamed up with Zepto, a quick-commerce platform.
Zepto users can now explore branded land plots in Vrindavan straight from the app, thanks to this partnership. By typing "land" into the search bar, users can view available plots, show interest with a refundable token amount, and schedule a video consultation with a HoABL expert.
Buyers can start their land investment journey in less than ten minutes thanks to the initiative's simplified digital process. Investors have more flexibility because of the staggered payment structure.
Alongside the Vrindavan project, HoABL is also listing other plotted developments, including those in Maharashtra, on Zepto. The integration marks the first time a quick-commerce platform is being used for real estate discovery and initial booking.
The partnership was launched on the occasion of Janmashtami, making premium plotted developments accessible to a larger audience through Zepto’s wide user base.
One Portal All Projects What the Unified RERA Means for Homebuyers
The launch of the Unified Real Estate Regulatory Authority (RERA) Portal marks a major reform in India’s property sector. For the first time, project and developer information from all states and union territories will be available on a single national platform.
What the Unified Portal Offers
Up until now, every state has had its own RERA website, which led to discrepancies and made it necessary for homebuyers to use several different systems. Everything is brought together by the single portal, which provides:
Centralised nationwide access to registered project information.
Transparency in scheduling and approvals
Streamlined grievance procedures
Accountability of developers
Implications for Homebuyers
Homebuyers are able to make informed decisions thanks to the unified portal. Before committing to a property, they can now verify approvals, check if deadlines are being met, and compare projects in various regions using the same criteria. It is also easier to file and follow up on complaints thanks to the complaint mechanism.
Implications for Developers
For developers, the platform brings uniformity. Reporting requirements are standardised, which reduces the burden of dealing with multiple state formats. At the same time, greater visibility of past compliance records across India will push developers toward higher accountability and consistent performance.
One of the top real estate developers in India, Godrej Properties, is aiming high for FY2025-26. To support its next stage of expansion, the company is aggressively seeking opportunities to acquire prime land.
Executive Chairperson Pirojsha Godrej stressed that the company has the confidence to invest in high-value land parcels throughout major cities thanks to its capital strength, which was reinforced by last year's qualified institutional placement (QIP).
Strategic Land Acquisitions Driving Growth
In the first quarter of FY2025-26, Godrej Properties acquired five land parcels in Mumbai, Pune, Bengaluru, and Panipat.
With these additions, the company is well on its way to achieving its annual target of ₹20,000 crore worth of project additions by the second or third quarter of this fiscal year.
Over the last financial year (FY2024-25), the company had already secured 14 land parcels across cities such as MMR, NCR, Pune, Bengaluru, Kolkata, Ahmedabad, and Indore, unlocking an estimated ₹26,500 crore in potential revenue.
Recent wins include:
A 16-acre site in Upper Kharadi, Pune with an estimated value of ₹3,100 crore, which lifted the company’s share price by 2%.
A high-profile Hyderabad (Kukatpally) land parcel, expected to generate ₹3,800 crore in revenue.
Strong Financial Performance
Godrej Properties has consistently reinforced its market leadership with record-breaking sales.
FY2024-25 Sales: The company booked ₹29,444 crore, marking a 31% increase over the previous year.
Q1 FY2025-26 Performance:
Net Profit rose 15% YoY to about ₹600 crore.
Pre-sales stood at ₹7,082 crore, lower than last year due to a high base and modest launch delays.
Despite this dip, the company reaffirmed its full-year sales target of ₹32,500 crore.
Expansion Roadmap
Looking ahead, Godrej Properties plans to launch ₹40,000 crore worth of new housing projects in FY2025-26, signaling its confidence in India’s booming real estate demand.
To fund its growth pipeline, the company is also preparing its largest-ever bond issue of around ₹2,000 crore, which will increase total bond borrowings to ₹4,500 crore.
Bollywood star Kartik Aaryan has invested in his first land in Alibaug, Maharashtra, buying a 2,000 square foot plot for ₹2 crore. The property is a part of The House of Abhinandan Lodha's (HoABL) upscale coastal development, "Chateau de Alibaug." Kartik expressed his intention to build his own home on the land, stating, "Alibaug has become one of the most exciting places to invest in today — close to Mumbai, and I plan to build my own home there." He also expressed full trust in HoABL for this investment.
With this acquisition, Kartik joins a list of prominent Bollywood celebrities who have invested in Alibaug. In the past, actress Kriti Sanon bought a 2,000 square foot plot in Alibaug, while legendary actor Amitabh Bachchan paid ₹10 crore for a 10,000 square foot plot.
This action establishes Alibaug as a popular location for second homes close to Mumbai and reflects a growing trend of Bollywood celebrities investing in the upscale real estate market there.
Purandar Airport Project MIDC Stamps Removed from Non Acquired Land
Local farmers have opposed the Purandar airport project, which was originally planned to span 7,000 acres. As a result, the land acquisition was reduced to roughly 3,000 acres and the plan was scaled back. To ensure transparency, the administration has started removing Maharashtra Industrial Development Corporation (MIDC) stamps from the 7/12 extracts of land that are no longer part of the acquisition.
This move allows farmers in those areas to freely sell, mortgage, or develop their land. Only 3,000 acres are now set to be acquired, while the remaining land will remain unaffected. Farmers are still free to voluntarily donate land for the airport if they wish.
Nearly 56% of the required landowners have already given their consent, with the deadline for submission set for September 18. While the removal of MIDC stamps is welcomed by many, some farmers remain concerned about receiving fair compensation for their land.
Source: Hindustan Times
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