Mohali's IT City Project attracts major tech firms like Infosys and Tech Mahindra, driving demand for residential and commercial real estate to support industry expansion.
The Maharashtra government has approved transferring a 21-acre plot for Dharavi Redevelopment, aiding slum rehabilitation efforts with enhanced housing standards.
Bangalore’s real estate market, driven by IT professionals, posted a 19% hike. East and North Bangalore areas, renowned for accessibility, infrastructure, and social structures, saw increased demand.
The state government will implement its affordable housing policy on April 15, requiring builders to reserve 20% of land for small-sized housing, despite some reservations.
MCHI is hosting the 13th India Realty Expo in Dubai from June 3rd-5th, 2010, to showcase Indian real estate opportunities to NRIs, featuring properties in cities like Mumbai, Pune, Goa, and Bangalore.
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.