Mumbai real estate update: Though launch of 1 BHK units went up in CY23, the number of units launched in the 3.5 and 4 BHK category has been the highest at 1,509 in CY23 compared to the last three years.
New launches in Mumbai drop by 48 percent in the first half of 2023 due to consolidation, stringent MahaRERA registrations and a slowdown in sales, experts say.
According to MahaRERA data, in the first half of 2023, around 11,000 units of 1 BHK apartments were launched, compared to around 18,000 in the entire calendar year of 2022.
Urban forest creator has envisioned more projects.
Celebrating its eighth Foundation Day on July 27, the Anandvan Mitra Mandal (AVMM) is looking back at not only the forest it has created on four acres of hill land, but also looking forward at its vision to give Pune 10 more urban forests.
Recently, volunteers of AVMM launched the Anandvan-2 project, aimed at creating a forest on 11 acres; they are also looking at a larger project of a 150-acre urban forest in Mohammawadi, to be helmed by one of the largest NGOs in the city.
Praveen Kumar, president of AVMM, who started the initiative in 2013, said, “We are launching our Environment Training Workshop (ETW), a one-of-itskind practical training to create forests in urban spaces or on barren lands. Volunteers will train children, the youth and all those who want to learn about it.” He added that henceforth, their