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Kartik Aaryan Invests in Alibaug Property Joins Bollywood Elite
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.
Maharashtra Govt Clears 40,000 Sq. Meter Land Proposal in Just 2 Hours 34 Minutes
In a powerful display of administrative efficiency, the Maharashtra government approved a 40,000 sq. meter land expansion proposal in just 2 hours and 34 minutes—setting a new benchmark for fast-tracked governance.
India’s Commerce and Industry Minister Piyush Goyal was addressing global business leaders. During the meeting, a Swiss company representative requested additional land for their manufacturing unit in Maharashtra, which required reclassification of adjacent green-zone land.
Minister Goyal immediately shared the request with the Maharashtra Industrial Development Corporation (MIDC). In under three hours, the land approval was confirmed, and the green zone was officially relocated—demonstrating Maharashtra’s commitment to ease of doing business.
This real-time approval was witnessed by nearly 1,000 Swiss business leaders and over 90 Indian companies. The swift action sent a strong message to international investors: India, and particularly Maharashtra, is ready to support global industry with speed and efficiency.
Source: Moneycontrol
The process of conducting land surveys in Pune's Haveli Taluka, which had been suspended since mid-May as part of a statewide staff strike, will now be resumed with new dates. The surveys formed part of an ongoing effort to settle land measurement and ownership disputes, but the work was stalled because of the absence of government surveyors.
Authorities have confirmed that all previously scheduled survey dates in the Haveli region are now invalid. Landowners who had appointments for their land surveys will be required to wait for fresh dates, which are expected to be announced within the next 20 to 25 days once the strike concludes.
To address the staffing gaps caused by the strike, administration has already made arrangements for smooth resumption of work. Several surveyors have been transferred out of the taluka and new personnel have already been deployed in their place. This will help in clearing the backlog.
About 200 pending cases because of the strike will be dealt with on a priority basis. Landowners will be notified personally regarding their revised survey dates once activities resume in full swing.
Survey is an important component of settling property boundaries, title conflicts and renewing records. Landowners of Haveli Taluka can look for clarity and development in the weeks to come with work restarting soon.
Source: Punekar News
India to Replace 117 Year Old Registration Act with New, Digital First Legislation
In a path-breaking step that seeks to restructure the manner in which property and document registrations are conducted in India, the Union Ministry of Rural Development has unveiled the Draft Registration Bill, 2025 to supplant the century-old Registration Act of 1908. The proposed legislation is intended to digitize the process, render it transparent and citizen-centric, and much more in tune with the contemporary legal and tech environment.
Digital-First System
The entire registration process is e-based—document submission, verification, and issuance of certificate. Aadhaar-based authentication facility provided (optional with opt-in) with fallback ID options.
Increased Scope for Registrations
More documents are compulsorily registrable, i.e., sale agreements, power of attorney, sale certificates, court orders, equitable mortgages, and wills.
Transparency & Accountability
Reasons for refusal to be recorded in writing by registration officers.Suitable procedures made for cancellation of registrations, so natural justice is preserved.
System Interoperability
Interoperates with other computerized government systems for fraud-free and correct data sharing among departments.
Institutional Reforms
Establishment of new positions like Assistant Registrars and Inspectors-General. Authority to frame rules vested in states and Centre to facilitate effective enforcement.
Citizen-Centric Measures
Return of overpayment of fees, lower fee charge for cases involving multiple documents, and waiver for individuals not able to appear in person. Safe deposit of wills permitted.
Industry Support
Backed by CREDAI, NAREDCO and other real estate associations to enhance transparency, ease of doing business, and check fraud.
Public Feedback Invited
The public and stakeholders are invited to submit inputs on the draft bill by June 25, 2025.
Expected Outcome
Increased confidence in property transactions, fewer disputes, and an updated, tech-savvy property registration system to the advantage of all stakeholders.
Source: The Hindu
Pune Revenue Department Makes 7 12 Land Record Corrections Online Only
In a major step toward curbing malpractices and enhancing transparency in land management, the Pune Revenue Department has made it a requirement that all the corrections to the 7/12 land extract—a key document providing information regarding land ownership and rights—shall be henceforth done only through an online system.
This directive covers all the amendments under Section 155 of the Maharashtra Land Revenue Code, that permit amendments like changing names of owners, size of the land or correction of clerical mistakes.
Why This Matters
The move comes in light of recent developments where certain tehsildars were found to be abusing their authority by making manual alterations to government and grazing land records—transferring ownership or even changing land details at times without adequate reasons. Such acts not only erode public faith but could also result in full-blown land conflicts.
By adopting a completely digital approach, the department makes sure that:
All alterations can be traced
Each correction will be supported by a documentary proof, and the name of the revenue officer initiating the modification will be captured in the system.
Offline edits are void
All manual changes will cease to have legal sanctity.
Increased accountability
The reform facilitates easier auditing and detection of unauthorized changes.
What Landowners Need to Know
Anybody who wishes to rectify their land information in the 7/12 extract will now:
Submit through the authorized government website
Submit genuine documents to accompany their application
Follow status online
This scheme is not just an effort to curb malpractice but also a forward step towards digitized, corruption-free land records of Maharashtra.
Source- Punekar News
Pune's road network is set for a major boost as the long-awaited access road connecting Kothrud to the Pune-Bangalore Highway has finally cleared its last hurdle. The Pune Municipal Corporation (PMC) has successfully resolved the land acquisition issue near Eklavya College, paving the way for the completion of this vital 15-meter-wide Development Plan (DP) road.
The new road will start from Yashwantrao Chavan Natyagruha and pass through Ashish Garden, Guruganeshnagar, Surajnagar, and Kumbre Park before joining the highway near Eklavya College. This stretch is expected to significantly ease traffic congestion in the area, offering residents a faster and more direct route to the highway. Currently, commuters rely on Mahatma Society Road or Paud Road, often facing long delays and bottlenecks. Once completed, the travel time from Kothrud to Warje or Chandani Chowk could drop from 25–30 minutes to just 5 minutes.
With the final 100 meters of land now acquired, PMC is set to begin construction immediately, with completion expected within a month. This new link is also part of the PMC’s mission to complete 33 key road links across the city, improving connectivity and urban mobility.
Residents and city officials have welcomed the development, resolving Pune’s traffic woes and improving the quality of life in the Kothrud.
Source: Punekar News
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