The early completions stand out in a market the place delays are widespread.
Mumbai-based Ashar Group has obtained Occupation Certificates (OCs) for two redevelopment projects — Ashar Arize in Kalwa, Thane, and The Legend by Ashar in Pali Hill, Bandra — each 20 months forward of their registered RERA deadlines.
The two projects collectively account for over 1,200 houses delivered to residents.
Early completions
The early completions stand out in a market the place delays are widespread. In line with ANAROCK knowledge cited by the corporate, over 40 per cent of under-construction housing stock within the Mumbai Metropolitan Area (MMR) has confronted timeline overruns. Redevelopment projects, which account for an estimated 60–65 per cent of latest housing provide in Mumbai’s island metropolis and older suburbs, carry a disproportionate share of that supply danger.
Ashar Arize, launched in April 2022 with a RERA-registered completion date of 2027, is a 4-acre growth in Kalwa comprising 40-storey towers with 1 and a pair of BHK items. The mission consists of roughly 20,000 sq. ft. of retail area occupied by nationwide manufacturers, together with facilities together with an infinity pool, gymnasium, and clubhouse.
The Legend by Ashar is positioned on the ultra-luxury section in Pali Hill, Bandra, an space the place land shortage and complicated title constructions make redevelopment significantly difficult.
Ayushi Ashar, Director of Ashar Group, attributed the early supply to techniques constructed round approvals administration, consent mechanics, development sequencing, and money stream self-discipline — elements she described as distinct from greenfield growth.
Based in 2001, Ashar Group has delivered over 1.25 crore sq. ft. and has 1.75 crore sq. ft. underneath growth throughout places, together with Thane, Ghatkopar, Mulund, Dombivli, and Lonavala. The corporate claims zero RERA complaints so far.
The group has said its intent to develop its redevelopment portfolio additional throughout the MMR.
Printed on Could 5, 2026
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