Top 25 real estate developers contributed over Rs 630 crore to political parties via electoral bonds between 2019 and 2023, with the BJP receiving the largest share of Rs 314 crore.
The Reserve Bank of India cut the repo rate by 0.25%, a move welcomed by realtors but deemed insufficient by some developers who believe a larger cut is needed to significantly impact the real estate sector.
The urban development ministry calls for a review of the proposed service tax on housing projects, amidst concerns over its impact on the struggling real estate sector.
India's real estate sector is experiencing a significant downturn, prompting developers to offer extravagant incentives, such as free BMW cars, to entice buyers of luxury apartments.
Citigroup, Merrill Lynch, and DE Shaw are set to invest $500 million in DLF Assets' REIT, which will now be a private trust following a change in plans due to market conditions.