NAREDCO Maharashtra is the Maharashtra chapter NAREDCO. The national body for real estate developers, NAREDCO, announced on July 5 that they had launched a new unit in the state called NAREDCO Ambarnath - Badlapur.The unit has created a housing stock that is affordable, with over 10,000 homes being built by the more than 100 members. This will allow homebuyers to purchase affordable RERA-registered properties in Ambarnath or Badlapur, Naredco stated.This unit will also have the primary objectives of promoting infrastructure development in the area, increasing water supply and availability to residential segments, as well as addressing policy-level issues related to river red/blue lines.The area's proximity to the Panvel-Badlapur highway and Metro connectivity via Thane will allow it to absorb future growth in both population and business activity.It said that the region is being built with modern infrastructure, including basic amenities such as schools, hospitals, banks, and hospitals.We are pleased to announce the opening of NAREDCO’s Ambarnath–Badlapur unit. Prospective homebuyers looking to purchase their dream home will now have access to affordable housing options. The NAREDCO umbrella will also give homebuyers a sense of confidence and trust. Ashok Mohanani (president, NAREDCO Maharashtra) said that it will boost the Government’s policy of creating Housing for All in 2022.Anarock Research data shows that 58% of 149,000 homes being built in 2020-21 will be in the outer regions of the seven top property markets.The share of new launches in peripheral areas was approximately 53% of the 207,000 homes that were launched in these cities in 2019-20. MMR was 67% of all units launched between 2020-21.The Ambarnath–Badlapur region is a great place to buy property, especially when compared to Navi Mumbai or Mumbai. Ajay Thanekar (president, NAREDCO Ambarnath–Badlapur) said that the location offers affordable properties for buyers from the lower income segment. This is attracting a lot of interest from both end users and investors.In the presence of senior NAREDCO leaders, including Niranjan Hiranandani (National President), NAREDCO; Rajan Bhandelkar (Vice Chairman, NAREDCO Maharashtra); Sandeep Runwal (President Elect, NAREDCO Maharashtra), the inauguration of the new unit was held.Because of its proximity to Mumbai, the Ambarnath–Badlapur region has seen tremendous growth in recent years. It has excellent connections to Dombivli and Thane as well as Kalyan.
