MHADA has announced plans to construct 8 lakh homes in the next five years, prioritizing affordable and rental housing for mill workers, dabbawallas, and lower-income groups. The initiative aims to boost urban redevelopment and enhance housing accessibility across Maharashtra.

The Supreme Court has granted permission to state-run NBCC (India) to generate an additional ₹15,000 crore by developing extra flats within the Amrapali projects. This move is intended to address the delivery of stalled homes to approximately 16,000 homebuyers, according to company executives.

The Indian real estate sector thinks Budget 2024 will boost development and make housing more accessible. Ghar offers 6 budget 2024 real estate predictions for India.

Given the large number of stalled housing projects, the SWAMIH fund, which finances their completion, has demonstrated potential but has scalability issues. Despite completing over 26,000 residences and recovering a major share of investor funds, it needs to expand its reach and efficiency.

In the real estate realm, "stalled projects" are those that have ceased construction entirely, contrasting with "delayed projects" which progress slowly due to various factors.

Kochra Realty Acquires Stressed Residential Project in Dahisar For a Staggering INR 700 crore. Kochra Realty Acquires Stressed Residential Project in Dahisar For a Staggering INR 700 crore -

According to MD Mohit Arora, real estate developer Supertech is seeking 1,200-1,600 crore from Oak Tree Financial to complete its stalled projects.

MahaRERA & SROs to Reactivate Stagnant Real Estate Projects in Maharashtra

This is definitely a good step being taken by one of the biggest real estate development companies in India. Real estate developer Alpha Corp will invest close to Rs 1,000 crore in reviving 10 stuck projects in Delhi-NCR.