MUMBAI: In a real estate market where project delays have become almost institutionalised –  with ANAROCK data indicating that over 40% of under-construction housing inventory in MMR has faced timeline overruns – Ashar Group has done something rare: it has delivered early. Twice.

The Mumbai Metropolitan Region-based developer has secured Occupation Certificates (OCs) for two of its premium redevelopment projects – Ashar Arize in Kalwa, Thane, and The Legend by Ashar in Pali Hill, Bandra – both 20 months ahead of their registered RERA deadlines. Together, the two projects account for the delivery of over 1,200 homes to residents, marking one of the most significant early-delivery milestones in MMR’s recent redevelopment history.

“We entered this business in 2001 with one conviction: that in real estate, your word is your most valuable asset. OC is where that word is finally tested. Delivering two projects 20 months ahead of RERA is the compounding result of a lot of focus, hard work, and integrity – from the day we signed the DA to the day of possession,” says Ajay Ashar, Chairman & Managing Director, Ashar Group.

Ashar Arize | Kalwa, Thane Launched in April 2022 with RERA-registered completion of 2027, Ashar Arize is a 4-acre complex of 40-storey premium residential towers offering 1 and 2 BHK homes. Among the few branded developments in this fast-emerging corridor, the project integrates approximately 20,000 sq. ft. of high-street retail – anchored by national brands including Lenskart and Clove Dental, along with a full-spectrum amenity offering: infinity pool, gymnasium, clubhouse, sports courts, children’s play areas, and elevated sky amenities. 

The Legend by Ashar | Pali Hill, Bandra One of Mumbai’s most anticipated luxury offerings, The Legend by Ashar is positioned at the ultra-luxury end where land scarcity and legal dynamics make redevelopment a formidable undertaking. Securing an OC 20 months ahead of schedule in Bandra underscores execution capability in one of India’s most demanding real estate environments.

“What separates greenfield projects from redevelopment is the unglamorous discipline of approvals, consent management, construction sequencing, and cash flow management. Delivering ahead of schedule, across Bandra and Kalwa, in the same cycle requires a systematic organizational approach. We have built that system deliberately and we are excited to expand our redevelopment portfolio across MMR,” says Ayushi Ashar, Director, Ashar Group.

Redevelopment is widely considered the most complex and execution-intensive segment in Indian real estate. Unlike greenfield projects, redevelopment involves the delicate intersection of existing occupants, legacy title structures, consent mechanics, municipal approvals, and construction in live urban environments. Across MMR, redevelopment projects account for an estimated 60–65% of all new housing supply in the island city and older suburbs – yet they also carry a disproportionate share of delivery risk.

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The launch ceremony also includes a blessing of the Home Medicare service and its dedicated mobile van by Rev. Fr. Nigel Barrett, Parish Priest of St. Andrew’s Church, marking the beginning of a new chapter in community-centred healthcare delivery.

Home Medicare is a comprehensive home-based healthcare service that offers a range of medical and supportive care solutions, including doctor visits, nursing visits, physiotherapy, ​home sample collection, and medicine delivery, allowing patients to receive professional medical support without the need for frequent hospital visits.

Dr. Russell Pinto adds, “Many patients today require ongoing medical attention but prefer to recover in the comfort of their homes. Home Medicare bridges this gap by providing hospital-grade care outside hospital walls, without compromising on quality, safety, or professional oversight.”

​Home Medicare is provided exclusively to homebound patients. With trained medical professionals and a dedicated mobile unit, Home Medicare ensures timely, efficient, and patient-centric care.

Event Details:

Event: Launch of Home Medicare Services
Date: 11th February 2026
Time: 9:30 AM
Venue: Holy Family Hospital, Front Garden, Bandra West
Inaugurated by: Dr. Russell Pinto, Honorary Consultant, MBBS, MS (General Surgery), FMAS

Services Offered under Home Medicare:

• Doctor’s visit for personalized consultations
• Nursing care for recovery and ongoing support
• Physiotherapy services
• Home sample collection
• Medicine Delivery

The launch of Home Medicare marks a significant step in Holy Family Hospital’s commitment to making quality healthcare more accessible, personalised, and patient-friendly, especially for those who need continuous medical support beyond hospital premises.

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It certainly is the wonderful time of the year when relatives reunite, celebrations brighten homes, and the most valuable time is taken to reconnect not only with loved ones but also with ourselves. However, as the year is about to end and the holiday season is at its highest, the requirements of life—which include the consumption of luxurious feasts, travel, and social engagements—can affect the health of the elderly, in particular, those who have a continuous need for care. Holy Family Hospital’s at-home services are a way to ensure that healthcare is not interrupted and the service is delivered with love and clinical precision; therefore, the happiness of the holidays is not disturbed.

Some of the main attributes of the Holy Family Hospital Holiday Home Healthcare are:

• Availability 24/7: The personal visits of trained nurses, physiotherapists, and specialized staff provide you with the care you need at home, and thus, amidst holiday traffic and the crowd, there is no need to go to the hospital.
• Senior individualized care: Management of medicines, monitoring of the recovery process after the operation, support of the chronic condition, and soft rehabilitation are some of the ways by which the elderly will be comfortable and safe.
• Comprehensive proposals: IV infusions, wound care, diagnostics, and telemedicine consultations are some of the ways by which routines can be kept even if the clinics are closed or are overwhelmed.
• Scheduling without constraints: Personalized strategies are in line with family celebrations, thus giving the assurance of peace during the holidays, which are free from guilt.

“Holy Family Hospital is committed to delivering compassionate, patient -centred rehabilitation directly to your doorsteps. Our Home Care Physiotherapy Services bring skilled physiotherapists, evidence – based treatment & personalised care plans to patients who require therapy for mobility,” stated by Dr Deepali Pawar, HOD, Physiotherapy Department at Holy Family Hospital.

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Homeowners claim that apartments marketed as temple-facing were sold at a premium, but with new construction underway, these views are expected to be blocked. Many families had purchased these apartments to provide their children with access to Gurukul education within the residential complex.

“At Piramal Vaikunth, we trusted the builder’s assurances and promotional materials. The brochure promised a 2.75-acre temple, but in reality, the ISKCON temple has been allotted just one acre,” said a resident, Rohit Sharma, who moved in last year.

The addition of new towers is expected to bring hundreds more families to the complex, raising concerns about overcrowding and disproportionate population density. Several residents have also reported construction-related issues such as water leakage and substandard quality.

Homeowners have launched a signature campaign and submitted formal complaints to the builder, urging immediate corrective action. “A home is more than just four walls. It’s a promise of trust, and that promise has been broken,” said another resident.

This case highlights the urgent need for stronger enforcement and transparency in India’s real estate sector, ensuring that buyers’ expectations and commitments made during sales are respected.

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PUNE: Shriram Properties Limited (“SPL”), a leading mid-market and mid-premium focused residential real estate developer, has signed a Joint Development Agreement (“JDA”) for the development of a ~0.7 million square feet (“msf”) premium residential project in the highly sought-after micro markets of Hinjewadi, Pune.

This marks SPL’s second project in Pune, underscoring its strategic intent to deepen its presence and establish a strong foothold in one of India’s most vibrant real estate hubs. The Company forayed into the Pune markets with its maiden project at Undri in May’25, which met with an encouraging response by selling over 55% of available inventory within six months of launch already.

The Company is now embarking on the second project in Hinjewadi, Pune, in the form of a high-rise mixed-use development that redefines urban living and lifestyle experiences. The project comprises 6.5 lakh sqft of premium apartments complemented by thoughtfully designed retail and commercial spaces, aggregating to a total saleable area of over 7 lakh sqft. The project has a GDV potential of ~₹700 crores.

Strategically located in a high-demand residential corridor, the product is designed to set new benchmarks in vertical living. The development will feature a Sky Clubhouse offering panoramic views of the city, exclusive leisure amenities, and social spaces that elevate the residents’ experience. With its strategic location, integrated design, and contemporary architecture, the project is envisioned as a landmark destination within Hinjewadi. The addition of this new project reinforces SPL’s commitment to geographical diversification and capital-efficient growth through asset-light development models.

Hinjewadi, known as Pune’s largest IT and business district, has emerged as one of the city’s most preferred residential destinations, driven by its robust employment ecosystem, excellent connectivity, and strong social infrastructure. The micro-market continues to attract both end-users and investors, with sustained housing demand supported by steady rental yields and proximity to the Hinjewadi IT Park, the Mumbai-Pune Expressway, and key educational and healthcare institutions.

With this project, Shriram Properties is further strengthening its portfolio in the western region, building on the encouraging response to its maiden project in Pune. The company remains focused on expanding its footprint across high-growth micro-markets of Pune while maintaining its leadership in South India’s mid-market housing segment.

Commenting on the development, Akshay Murali, Vice President – Business Development at Shriram Properties, said, “Pune continues to offer strong demand fundamentals driven by its thriving IT and industrial ecosystem. The signing of our second project marks an important step in our expansion strategy and reflects our confidence in the city’s long-term potential. We are excited to strengthen our presence in Pune. This latest addition aligns with Shriram Properties’ broader growth strategy to scale up its presence across key residential markets through partnerships and development alliances, while maintaining its focus on delivering value-driven, high-quality homes.”

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PUNE: The Security Solutions business of Godrej Enterprises Group has launched its latest range of premium, tech-enabled home lockers, reaffirming its leadership in Maharashtra’s fast-growing security solutions market. With a strong presence across consumer and institutional segments, the company is now intensifying its focus on Pune—one of the region’s most dynamic and rapidly urbanizing cities.

Pune’s real estate sector is undergoing a significant transformation, marked by the rise of luxury homes, integrated townships, and smart urban developments. As residents increasingly seek lifestyle convenience, safety, and aesthetic appeal, the demand for advanced home security solutions has grown in tandem. Godrej aims to cater to this evolving need by delivering next-generation lockers that blend cutting-edge technology with modern design.

Commenting on the launch, Pushkar Gokhale, Business Head of the Security Solutions Business of Godrej Enterprises Group, said, “As cities like Pune continue to evolve into smart urban hubs, the definition of security is being reimagined—from a basic safeguard to an integral part of modern living. At Godrej, we are leading this transformation by fusing intuitive technology with elegant design. Our new range is engineered not just for protection, but also to transform how today’s consumers live, work, and aspire. We at Godrej Enterprises Group are well-positioned to shape the future of security across the nation, including Maharashtra. Pune remains a high-priority market for us, and we are doubling down on innovation, partnerships, and accessibility to empower homes and businesses with world-class security solutions. We are targeting an 18% Y-O-Y growth over the next three years, and plan to secure over 80% market share in the home locker segment, up from the current 75%. We want to get closer to a 70% share in the jewellery segment”.

The company’s expansion in Maharashtra is timely, especially as consumer behaviour and Pune’s jewellery landscape is evolving. With gold prices nearing ₹1 lakh per 10 grams, consumers are increasingly exchanging old jewellery for new, leading to a rise in recycled gold transactions. This growing focus on asset protection signifies the need for secure, reliable home lockers both for individual households and also a robust security system for the jewellers too.

To address this need, Godrej has introduced the Defender Aurum Pro Royal Class E Safe, a BIS-certified high-security safe tailored for jewellers, offering superior protection and high-capacity storage for valuable inventories. This development is in line with the recent Quality control order issued by the Government, which mandates all manufacturers to comply to the BIS guidelines and supply ISI-labelled safes only. Additionally, the AccuGold iEDX Series supports the gold ecosystem with non-destructive purity testing solutions ideal for jewellery retail, hallmarking centers, and banks that are engaged in Gold loan services. For high-security zones where traditional RCC strong rooms are impractical, the Godrej MX portable strong room panels provide a flexible, modular alternative with maximum protection.

For homeowners, the newly launched NX Pro Slide, NX Pro Luxe, Rhino Regal, and NX Seal models feature innovations such as dual-mode access (digital and biometric), intelligent iBuzz alarm systems, concealed storage, and interiors that complement contemporary décor, redefining how security integrates into everyday living.

Looking ahead, Godrej is accelerating its reach beyond Pune into high-potential Tier 2 and Tier 3 cities across Maharashtra, many of which are renowned for their jewellery craftsmanship and increasing prosperity. Strengthening its retail network and digital touchpoints, the company aims to deliver accessible and future-ready security solutions to every corner of the state.

Products

NX Seal Floor Locker The NX Seal Floor Locker is the ultimate solution for concealed and secure storage of your valuables. Designed with a concealed, floor-mounted design, this innovative safe blends seamlessly into your flooring, making it virtually invisible to the naked eye. Crafted with 10X stronger materials than traditional wooden cupboards, the NX Seal Floor Locker offers superior protection against theft and damage.

The Rhino Regal Locker is a high-security safe designed to offer unparalleled protection for valuables, combining advanced technology with robust construction. Engineered with materials 100X stronger than standard safes, it withstands even the most forceful attempts at breach. Featuring an advanced precision key lock, a lockable top compartment, and a 2-way bolt system, it ensures maximum security. Heavy-duty and concealed hinges provide both durability and aesthetic appeal, while a secret bottom storage compartment and adjustable shelves enhance functionality. Ideal for homeowners, businesses, and collectors, the Rhino Regal locker delivers unmatched security, durability, and customizable storage, making it the ultimate choice for safeguarding valuables.

NX Pro Luxe The NX Pro Luxe home locker offers advanced security with modern convenience, featuring a dual locking system, motorized locking, and voice-guided access. Designed to blend seamlessly into interiors, it includes dual password access, an auto-freeze function, USB emergency charging, and soft LED lighting. Available in 30L and 48L variants, it ensures durability and ease of use, making it the ideal choice for secure and stylish storage.

NX Pro Slide The NX Pro Slide home locker redefines security with its innovative slide-out design, seamlessly integrating into modern furniture for discreet yet robust protection. Engineered to be 10X stronger than a wooden cupboard, it features a precision key lock, auto-freeze function for incorrect attempts, and an LED-lit interior for enhanced visibility. The motorized locking system ensures smooth and secure access, while USB emergency charging provides backup power when needed. With its sleek, space-efficient design and advanced security features, the NX Pro Slide is the perfect solution for safeguarding valuables while maintaining a clutter-free, elegant home aesthetic.

Aurum Pro Royal Aurum Pro Royal is India’s 1st BIS Certified Class E Safe, designed to provide tailored storage solutions with luxurious interiors and more. Engineered to meet the latest regulatory standards, it also caters specifically to the needs of jewelers, delivering unparalleled protection for their valuable inventory.

AccuGold iEDX Series – Gold Testing Machine Designed for accurate, non-destructive gold testing. It is perfect for jewelers, banks, and hallmarking centers.

Mx Portable Strong Room Modular Panels Strong room modular panels designed for effortless setup, transport, and maximum security, it redefines business protection with high-quality steel construction and modular adaptability.

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PUNE: In a moment of pride that resonates with this deeply held philosophy, VTP Realty has been honoured with the 16^th CIDC Vishwakarma Award for Excellence in Construction, Health, Safety, and Environment. This accolade for its landmark projects, VTP Bellissimo and VTP Sierra, in Pune, is more than an award; it is a powerful validation of the brand’s unwavering commitment to creating not just beautiful homes but healthier and safer ecosystems that nurture every aspect of life.

Following a meticulous evaluation process and on-ground inspection by the jury panel, the honour was conferred upon VTP Realty by the Board of Governors of the Construction Industry Development Council (CIDC) under the category of ‘Health, Safety and Environment’. The recognition was awarded for the developer’s exemplary practices demonstrated at VTP Bellissimo, Hinjewadi Phase 1, and VTP Sierra, Pashan-Sus Baner Road, both benchmark residential developments in Pune. These projects stood out among national entries for their well-integrated health and safety measures, environmentally conscious planning, and commitment to holistic community living.

The Construction Industry Development Council (CIDC) advises the government on policy, standardises contracts, trains skilled and managerial manpower, and grades construction entities. This quasi-government organisation followed a stipulated method of scrutiny to announce VTP Realty as the winner. Upon nomination every real estate contender is required to share detailed presentations on sustainability measures undertaken, which is then audited by an experienced jury representing different government bodies and verified in presence of senior management of every real estate brand on various technical aspects such as green construction rules, project completion status, quality control, design, and related matters. This is followed by a surprise audit inspection, in which detailed scrutiny is done on-site. Acing at every level, VTP Realty stood victorious in this five-month-long, pan-India selection procedure amid top national players.  

Speaking about the achievement, Sachin Bhandari, Executive Director & CEO of VTP Realty, said, “This award from CIDC is a proud moment that reflects our relentless commitment towards responsible and future-ready development. This recognition reinforces our pursuit of building thoughtful spaces that enrich lives while upholding the highest standards of safety, health, and construction excellence.”

This prestigious honour from CIDC stands as a powerful testament to VTP Realty’s relentless pursuit of excellence across every facet of real estate development. Today, VTP Realty is not only recognised as Pune’s undisputed leader in the real estate industry but is also celebrated among the top real estate developers in India. With a sharp focus on innovation and customer-centric design, VTP Realty consistently sets new industry benchmarks. As the brand continues to shape Pune’s skyline with iconic developments and reimagine luxury living, it remains committed to building vibrant communities that inspire pride and elevate the lifestyles of the customers.

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Speaking on the launch, Vishwajeet Jhavar, Chairman and CEO of Marvel Realtors, said, “At Marvel, we don’t just build homes—we create legacies. With Ribera, we have taken this vision a step further by crafting residences that offer the grace of traditional palace living, fused seamlessly with modern technology, expansive layouts, and a tranquil riverside setting. Boat Club Road is among Pune’s most cherished addresses, and Ribera reflects the aspirations of today’s discerning homeowner who seeks privacy, prestige, and panoramic luxury. It’s not just a residence—a statement of arrival, a rare fusion of old-world grandeur and new-age comfort. In a market crowded with luxury tags, Ribera sets a new benchmark.”

Set for possession in June 2025, Ribera brings a rare blend of scale, setting, and sophistication to the heart of the city. With homes starting at 2,500 sq. ft. and stretching up to a sprawling 10,000 sq. ft. of carpet area, these are among Pune’s most expansive private residences. Ribera stands out not just for its size, but for its sense of permanence. This is more than a luxury home—it’s a future heirloom, crafted for those who value legacy as much as location.

Marvel Ribera offers 3.5, 4, and 5 BHK apartments and penthouses, each carefully planned to provide openness, central air conditioning, great views, and double-height private terraces. The interiors feature imported marble flooring, teakwood doors, branded modular kitchens with built-in appliances, and master bathrooms with Jacuzzis and steam rooms in select units.

Beyond the living spaces, Ribera’s holistic lifestyle ecosystem includes a full suite of high-end amenities: an infinity pool, landscaped promenade, grand lobby, private salon and spa, yoga studio, business lounge, entertainment zone with poker room and bar, and dedicated staff facilities. The residences are also equipped with a centralised apartment management system that allows touch-screen and remote control of lighting, air conditioning, geysers, and more, bringing convenience and customisation to the fingertips of every resident.

The launch of Ribera comes at a time when Pune’s real estate market continues to strengthen, particularly in the high-value segment. As per Anarock’s Q1 2025 report, while overall home sales in the city saw moderation, premium and luxury projects in core locations have held steady, driven by a preference for branded developments, limited land availability, and evolving lifestyle preferences post-pandemic.

Marvel Ribera is a reflection of the way Pune’s real estate landscape is transforming from transactional to experiential, from square feet to tasteful living. As the city continues to emerge as a pole of new money, intellectual capital, and design-led development, Ribera represents the spirit of advancement with elegance.

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The ‘SBI General Flexi Home Insurance’ offers greater flexibility and allows customers to design a tailor-made home insurance policy as per their requirements. The unique feature of this product is that it offers customers a Stand-Alone “Fire” only insurance cover as mandatory, complemented by an extensive range of perils and add-ons that ensure personalized protection for every homeowner. These add-ons include valuable item protection, alternative accommodation expenses, and band burglary cover, and also offer discounts for multiple optional covers.

The product provides comprehensive protection for the home structure, content & additional risk. The policy safeguards against property damage, natural calamities, fire, and burglary. It also covers other unforeseen events, making it a reliable option for homeowners and renters seeking protection. Additionally, it offers long-term security through a one-time payment for up to 20 years.

Key features of the policy:

• Fire Cover: The only mandatory cover
• Comprehensive protection for home structure, contents & additional risks
• Optional Perils/Covers: Protection against natural disasters, burglary, and theft
• Long-term security: One-time payment for long-term tenure of up to 20 years
• Attractive optional Covers and discount options available

SBI General Flexi Home Insurance stands out as a versatile and customer-centric home insurance solution, addressing the needs of diverse homeowners and tenants across India. With a one-time premium payment option and a hassle-free claims process, the policy has been developed to provide financial stability and peace of mind to the policyholders and strengthen SBI General’s commitment to providing innovative and comprehensive insurance solutions.

Speaking about the launch, Subramanyam Brahmajosyula, Chief Product & Marketing Officer, SBI General Insurance, said, “At SBI General Insurance, we understand that every home is unique, and so are its protection needs. Whether it’s a homeowner safeguarding a lifelong investment or a tenant securing valuable possessions, each individual has distinct insurance needs. With SBI General Flexi Home Insurance, we offer a tailor-made solution that provides peace of mind through flexible and extensive coverage. This product is designed to empower customers with the freedom to choose their protection levels while ensuring financial security against unforeseen circumstances.”

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With a planned investment of ₹ 2,750 Cr, ‘One by MSN’ is not just a flagship launch but the foundation of MSN Realty’s larger vision to develop over 20 million sq. ft. across Hyderabad in the next five years. Backed by the financial strength and credibility of the MSN Group, the 4 million sq ft. project reflects a long-term commitment to reshaping urban living through integrated, high-value developments that blend thoughtful design with modern infrastructure.

The project embodies the philosophy of Panchtatva – the five natural elements of Earth, Water, Fire, Air, and Sky and reflects this in its design approach. ‘One by MSN’ is planned to align with principles of space, light, and harmony with architecture that prioritizes openness, natural ventilation, and visual connection to the outdoors. With views of Osman Sagar Lake, the project includes features such as private lobbies, dual access, and layouts designed for seamless indoor-outdoor transitions.

The development includes 1.8 lakh sq. ft. of amenities, spanning the clubhouse, podium, and a Skypark, equipped with three swimming pools (including a temperature-controlled indoor pool and an infinity pool), along with dedicated recreational and wellness areas such as a yoga deck, sky cinema, aqua gym, and multipurpose lawns. In addition to community spaces, the project integrates sports infrastructure including courts for badminton, squash, pickleball and paddleball, in addition to a bowling alley, as well as simulators for cricket, football, and golf – all supported by a forward-looking approach that brings together smart technologies, energy-efficient systems, and seamless digital integration to elevate everyday living.

Speaking on the occasion, Dr. MSN Reddy, Founder, Chairman & Managing Director of MSN Group, said, “With ‘One by MSN’, we are entering the real estate sector with a clear focus on thoughtful design and long-term value creation. We aim to build spaces that are aligned with evolving urban needs while being rooted in quality and functionality. We’re proud to begin this journey from our home city, Hyderabad, and look forward to shaping the future skyline of India with the same passion and purpose that define MSN Group.”

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