Mumbai is set to alleviate its housing crisis with a new 35,000-unit rental project in Tiwri village by Dhanashree Developers, aimed at Maharasthrians with low income.
A slowdown and price corrections in India's real estate sector are seen as temporary, with 62% of developers expecting long-term growth, as per Ernst & Young and FICCI's 'Realty Pulse' report.
Shriram Properties plans to establish two subsidiaries for retail and hospitality, aiming to develop 15 malls and 70-80 budget hotels in the coming years.
Provident Housing seeks to raise ₹750 crore from private equity to fund affordable housing projects across various Indian cities, expanding into a growing market segment.
Golden Gate Properties launches affordable housing project, 'The Commune', in Bangalore promising 995 sq ft flats for Rs 19 lakh. The project includes facilities such as a retail center, school and club-houses.
Matheran Realty plans to launch a 15,000-unit residential project in Karjat, Mumbai, priced at Rs 999 per square foot, utilizing a lottery system for sales.
Delhi Development Authority (DDA) plans to redevelop 30 slum clusters with private developers, offering higher FAR for increased profitability, similar to Mumbai's successful projects.
Matheran Realty's lottery-style sale for 2,000 affordable flats in Karjat, priced at Rs 3 lakh, with funding from Eredene Capital and technical support from Sterling Construction Systems
Pune's property market is thriving with increased investments in residential and commercial developments, notably by Milestone Capital, focusing on affordable housing and prime locations.
The housing ministry enforces strict EWS quotas, warning developers of heavy fines for non-compliance and urging financial assistance for low-income families in home purchases.
Omaxe enters Mauritian market with 50-acre residential project worth ₹1300-1500 crore
HDFC chairman Deepak Parekh calls for real estate regulator to protect property buyers and enhance market transparency.
Leading real estate developers, including DLF and Omaxe, are collaborating with the Punjab government to deliver affordable housing solutions costing under one lakh rupees each.
Delhi Development Authority to offer 6,000 affordable flats in Dwarka, Vasant Kunj, Rohini, Narela, and Shalimar Bagh within two months, targeting middle and low-income groups.
MMRDA plans to build 5 lakh affordable rental houses in Mumbai Metropolitan Region over 5 years, targeting migrants and low-income groups.
Demand for one-bedroom flats in Delhi-NCR outstrips supply as builders favor larger, more expensive units, impacting affordability for many.
Omaxe plans to invest Rs 8,000 crore in affordable housing over five years, with a goal to build 1 million low-cost houses across various states.
India's property market shifts focus to affordable housing as demand for luxury apartments cools. Developers now target young professionals with smaller, more budget-friendly homes.
Warburg Pincus invests $75M in Unique Affordable Homes for North & Western India projects
Chennai's residential flat sales decline due to high prices, impacting middle-class buyers. New apartments range from ₹70 lakh to ₹1 crore, exceeding affordability.
Developers adopt innovative techniques to make projects affordable, using eco-friendly materials and reducing construction costs up to 15%.
Rising real estate prices and interest rates are causing a decline in home loan demand in India, impacting the housing sector's growth.
Realty giants are embracing the affordable housing sector, launching low-cost residential projects targeting small and mid-income buyers in various Indian cities.
Matheran Realty to build affordable township in Karjat with 10,000 homes
Parsvnath Developers launches Parsvnath Preston in Sonepat, aiming for Rs. 500 crore profit. The project offers 1200 units, with 500 in the first phase, spanning 2.2 million sq ft.