The RLDA secured a staggering ₹2,251 crore bid for 2.67 acres at Mahalaxmi on a 99-year revenue-share lease. This record auction highlights robust investor faith in South Mumbai's prime location, boosting prospects for mixed-use developments amid land scarcity and strong demand for premium properties.
Approximately 3.16 lakh houses remain incomplete under the Pradhan Mantri Awas Yojana-Grameen (PMAY-G) scheme in Rajasthan. Districts such as Barmer, Banswara, and Jodhpur have the highest number of incomplete houses. The state authorities have issued directives to complete the pending houses by March 31, 2021.
The Indian Railway plans a significant investment in Chennai's real estate with a new residential tower and commercial complex on Wall Tax Road.