The Rise of Navi Mumbai and Raigad | A Real Estate Transformation

News18 Lokmat recently hosted a high-profile Real Estate Conclave in Navi Mumbai, bringing together policymakers, industry leaders, and experts to explore the immense opportunities and future prospects of the real estate sector in Navi Mumbai and Raigad. The event served as a crucial platform for discussing the region’s growth drivers, challenges, and policy advancements.

Government’s Vision for Sustainable Urban Development

The conclave was honored by the presence of Aseem Gupta, Principal Secretary of Urban Development, who delivered a keynote address outlining the government's vision for sustainable urban expansion. He emphasized the need for collaboration among stakeholders to unlock Navi Mumbai and Raigad’s full potential. "We must work together to foster inclusive and sustainable urban development," Gupta stated.

Key Panel Discussions Shaping the Future

The conclave featured three significant panel discussions, each addressing critical aspects of the region’s real estate sector.

Growth Potential of Navi Mumbai and Raigad

The first panel, ‘3rd Mumbai – TPS/NAINA/MMRDA,’ examined how transformative projects like NAINA and MMRDA are fueling rapid growth. Industry leaders, including Vijay Singhal, MD of CIDCO, and Prakash Baviskar, CMD of Baviskar Group, shared insights into the region’s infrastructure developments and investment potential.

Redevelopment and Self-Development of Old Societies

The second panel explored the evolving landscape of redevelopment. Experts such as Somnath Kekan, Assistant Director of Town Planning at NMMC, and Architect Atul Mhatre, Director of Wise Reality, discussed self-redevelopment as a financially empowering solution for residents while ensuring sustainable urban renewal.

Implementation of Government Policies

The final panel focused on regulatory frameworks and policy implementation to streamline the real estate sector. Experts including Jitendra Bopale, Director of Town Planning at MSRDC, and Shahjirao Anandrao Patil, Partner at S M Developers, emphasized the need for smoother regulations to enhance business operations and attract investors.

Industry Collaboration and Future Outlook

The conclave was co-presented by Chetak Minerals and co-powered by Reliance Industries Ltd., alongside key associations such as LIC Housing Finance Ltd., Navya Prime Property, Saraswat Bank, and CREDAI BANM. It underscored the commitment to strengthening Navi Mumbai and Raigad as premier real estate hubs.