A seven-story building collapsed in Thane, killing 74 people. Arrests were made, revealing deep corruption within the real estate sector involving bribery of civic officials.
India's real estate growth sparks concerns over rising energy consumption, with buildings accounting for 32% of total electricity usage, prompting calls for better implementation of Energy Conservation Building Code
Lodha Developers and others engage in significant land deals, with Lodha planning a massive IPO and residential project in Mumbai.