Union Cabinet approves PMAY-Urban Phase II targeting 1 crore urban homes, including Rajkot, to address housing shortages and stimulate economic growth through affordable housing.
Finance ministry officials and RBI plan to meet to discuss relaxing external commercial borrowing norms to enhance affordable housing projects in India.
India to unveil new affordable housing policy within two months, aiming to boost the weakening real estate sector with incentivized development and streamlined approvals.
The recent budget allows external borrowing for low-cost housing, improving funding availability, but still falls short of the real estate sector's wider expectations.
The ongoing recession is prompting changes in real estate, with consumers becoming cautious and developers focusing on affordable housing for middle-class buyers.
Several major Indian real estate developers, including Emaar MGF and Godrej Properties, plan IPOs in the current year, signaling a potential recovery for the industry.
The Pune Municipal Corporation has announced a 50% reduction in premium charges for small housing units under 50 square meters.
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
IVRCL to sell high-priced land, focusing on low-cost housing amidst real estate downturn
Red Fort Capital plans to invest Rs 3,500 crore in Indian real estate projects over the next two and a half years, focusing on Tier I and II cities, and potentially Tier III locations.
Milestone Capital Advisors plans to raise Rs 10 billion for investments in real estate projects across tier-II and tier-III cities in Tamil Nadu, focusing on affordable housing.
Realty giants are embracing the affordable housing sector, launching low-cost residential projects targeting small and mid-income buyers in various Indian cities.