A new satellite township will be built in Palghar, about 115 km from Mumbai. This will be the second such township after Navi Mumbai. The township will be developed on 337 hectares given to the City and Industrial Development Corporation (Cidco) on the side of the newly developed district HQ.

The realty arm of AV Birla Groups Century Textiles is launching a super-premium project at Worli in Mumbai with a revenue potential of over Rs. 10,000 crore, The project near the Kamla Mills Compound will come up on a 20-acre plot and will have three towers of around 65 stories each, depending on FSI norms.

The Group has raised over Rs. 325 crore to support construction of a commercial project in Mumbai’s business district of Lower Parel-Worli. The developer has entered into a barter deal with a construction partner for the execution of the project, which has revenue potential of over Rs. 2,250 crore.

Mumbai-based real estate firm Transcon Developers has launched its second phase and is eyeing a cumulative revenue of around Rs. 2,000 crore from the second and the third phases. The entire project is expected to have a total development potential of 2.3 million sq ft with 1.5 million sq ft saleable area and a revenue potential of Rs. 2,850 crore.

A stalled redevelopment project in Worli worth Rs. 3,000 crore has been taken over by Oberoi Realty after the earlier builder, HBS Realtors, appointed by the society in 2009, was unable to complete the work. The project comes after Worli’s Shivshahi Cooperative Housing Society, comprising 12 buildings, was demolished seven years ago.

The company will launch four projects this calendar year – two in Mumbai, one in Bengaluru and one in Pune. It has 15 lakh sq ft of project launches in the pipeline for this financial year, with an investment of close to Rs. 1,000 crore, with both residential and commercial projects.

ASK PIA, the real estate private equity arm of ASK Group, has invested Rs. 200 crore in Kalpataru Group’s mid-income housing project at Baner, Pune. This is an ongoing mid-segment residential project on 16 acres with a saleable area of 1.9 million sq ft, comprising over 1,200 units.

Kolte Patil Developers has announced the signing of two new projects in Pune under the Development Management (DM) model. Kolte-Patil will lend its brand to these projects and jointly collaborate with the land owners to oversee product design, sales and marketing, project quality and cash flow management, leading to time-bound handover to buyers.

The Confederation of Real Estate Developers’ Associations of India (CREDAI) has written to the Uttar Pradesh Chief Minister requesting to extend the deposit dates of all the dues related to Noida, Greater Noida, and Yamuna Authority to 18 months without any interest so that the developer could begin construction work first and pay the liabilities once the lockdown is lifted.