The Indian real estate market in 2024 highlights shifts toward lifestyle-centric homes, affordable housing, suburban living, eco-friendly options, and digital house hunting.
The Delhi-Alwar RRTS, a 164 km rapid transit system, is under construction to link Delhi with nearby cities. It aims to significantly reduce travel time and enhance connectivity.
The Urban Land Institute's Annual Conference in Mumbai will address urban development challenges, featuring prominent leaders sharing insights on various real estate issues.
Delhi MCD extends property tax geotagging deadline to Feb 29, 2024. Residents can get a 10% tax rebate for self-geotagging before the deadline. This initiative aims to improve urban planning and revenue collection.
India's 2022 budget allocated Rs 48,000 crore for affordable housing under PMAY, with plans to construct 80 lakh houses. A high-level committee will advise on urban planning.
Mumbai's real estate development is focused on utilizing 13,000 hectares of land from no development zones to address the housing demand and prioritize affordable housing.
Mussoorie Dehradun Development Authority (MDDA) incorporates 10 villages into master plan 2025 after public consultation, aiming to categorize land use and address local concerns about property price impact.
Revamping stamp duty & registration fee collection could double revenue to Rs 1.5 lakh crore, with Maharashtra's model touted for nationwide adoption.
Bangalore is emerging as a new investment hub, fueled by the IT and BPO sectors, transforming into a self-sufficient city with growth potential.
Bhubaneswar's outskirts face severe waterlogging due to poor planning and inadequate drainage systems, impacting high-rise buildings and new residential areas.
BMC increases Mumbai's daily water supply from 90 to 135 liters per person starting October 1st, offering relief to residents and potentially boosting the housing industry.
Union Housing Minister Ajay Maken advocated for a review of the FSI policy in Mumbai and other major Indian cities to boost affordable housing development, suggesting increased FSI rates.
The Indian government is contemplating permitting increased vertical growth in cities by granting additional Floor Space Index (FSI) to curb rising real estate prices and fund urban infrastructure upgrades.
Rajasthan's 2000 regulation allows unauthorized constructions by paying penalties, impacting urban planning and leading to misuse of land for commercial purposes in residential areas.
Chandigarh's major infrastructure projects, including a multi-storey building and multimedia city, are progressing slowly.
The UP government will regularize 208 illegal colonies in Ghaziabad, taking inspiration from Jaipur's policy, to facilitate development and streamline administrative processes.