Public sector banks cut home loan interest rates, benefiting buyers in Mumbai's outskirts and other cities. The move aims to support the housing market, but some experts believe a greater impact would require higher loan limits and increased consumer confidence.
Public sector banks' interest rate cut for home loans up to Rs 20 lakh may induce some buying in the property market, but developers and experts believe it's not enough for a major boost.
Discusses India's affordable housing sector, distinguishing it from the US sub-prime crisis, highlighting the potential market size and benefits.
Sobha Developers offers discounts on Bangalore residential projects due to sluggish demand, adjusts launch timelines, and considers smaller, more affordable homes.
Credai Orissa to reduce housing project prices by 5-10% in 2 months due to falling raw material prices.
John Abraham has received over $500,000 from ETA Star for the Habitat for Humanity initiative to build homes for the underprivileged in several countries.
Real estate developers in Mumbai plan to target NRI buyers in the UAE to boost sales. Rupee depreciation and declining prices are seen as potential advantages for buyers.
Mahindra and Mahindra declares no slowdown in its real estate ventures despite a general demand slump. Key cities like Jaipur, Chennai, and Faridabad are noted for strong performance.
Real estate sector faces slump due to high interest rates and economic slowdown, forcing developers to focus on affordable housing in Tier-II and Tier-III cities.
Property prices in major Indian cities have surged, but new developments in areas like Rudrapur and Mohali show growth potential amidst a changing market landscape.
Naredco and Credai have urged the government to ease foreign investment norms and modify regulations to boost funding for ongoing real estate projects amid a credit squeeze.
Home buyers in Mumbai await a significant drop in realty prices, despite developers' offers and discounts at a major property exhibition.
TDI Infrastructure Ltd. launched "Build and Earn" scheme, offering subsidized construction and assured rentals to TDI City, Kundli plot owners.
FIRE Capital Fund is poised to enter the affordable housing segment, focusing on Tier II and III cities, with plans for a new investment in West Bengal.
Mahindra Lifespaces plans to enter the affordable housing sector within a year, targeting middle-income groups amidst a growing housing shortage in India.
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.