The International Finance Corporation invests Rs 420 crore in Birla Estates' Thane and Pune projects, grabbing a 44% stake in SPVs to build 9.5 million sq ft of eco-friendly homes. This move targets first-time buyers in Thane, boosts jobs, and pushes sustainable urban growth amid India's housing crunch. A game-changer for affordable, green living.
Real estate developers are aggressively acquiring land in India, particularly in major cities, driven by high housing demand. This trend is expected to continue in 2024, with Tier-1 and developing areas remaining hotspots.
The 4th Edition of the Indian Real Estate Show (IRES) 2023 was hosted in Dubai, featuring Indian real estate developments and prominent speakers.