Shapoorji Pallonji has rolled out the second phase of its Joyville project in Howrah, boasting IoT-enabled homes and solar-powered amenities. Building on Phase 1's success with 85% pre-sales, it stands as the area's premier smart township, including co-living options for IT workers fleeing Kolkata's high costs.
Mahindra Lifespaces plans to enter the affordable housing sector within a year, targeting middle-income groups amidst a growing housing shortage in India.
NRI investment in Indian real estate is booming, driven by strong remittances and the market's stability. Major developers are witnessing a significant increase in NRI sales, particularly in cities like Mumbai, Ahmedabad, and Goa.