16 Apr 2025

Residents of Motilal Nagar in Goregaon have raised demands for larger flats and fairer compensation in the INR 3,600 crore redevelopment project awarded to Adani Properties. While MHADA has proposed 1,333 sq ft for residential and 987 sq ft for commercial units, locals argue this undervalues their share. At a recent meeting, redevelopment experts cited DCPR 2034 rules suggesting eligible families could claim up to 3,500 sq ft. With 143 acres of land at stake, the Motilal Nagar Vikas Samiti plans to negotiate for more transparency and equitable terms before signing any agreements with MHADA and the developer.Read more

16 Apr 2025

India's housing market saw a 4% year-on-year drop in unsold inventory across the top seven cities, falling to 5.59 lakh units by March 2025, according to Anarock. The decline was led by strong sales in the INR 40-80 lakh and sub-INR 40 lakh segments. Budget housing inventory fell 19%, while luxury homes priced above INR 1.5 crore saw a 24% rise due to new supply outpacing demand. Overall sales dropped 28% in Q1 2025, with launches also down 10%. Experts suggest policy support, like Maharashtra's incentives for peri-urban affordable housing, is needed to rebalance the market amid rising construction costs and shifting buyer preferences.Read more

15 Apr 2025

The Rajasthan Housing Board (RHB) will launch new housing schemes in April and May across Jaipur, Udaipur, Barmer, Kota, and Hanumangarh, targeting all income groups. Additional projects are planned in Atru, Gajanpura, Nainwa, Lakheri, and Dholpur, with expansions in Jaisalmer and Shahjahanpur. Offering flats and independent houses, the schemes aim to meet housing demand with modern, eco-friendly infrastructure. Allocation will occur via online lotteries for transparency. Basic amenities like roads and water will be ensured before possession. RHB's initiative promotes inclusive, sustainable urban development and aims to improve living standards while easing housing pressure in both urban and underdeveloped areas.Read more

15 Apr 2025

Uttar Pradesh Chief Minister Yogi Adityanath recently inaugurated the 800-acre Anant Nagar Housing Scheme by the Lucknow Development Authority, aiming to offer world-class residential facilities. With a INR 7,000 crore investment, the integrated-township is strategically located near the international airport, expressway, and Ring Road. Designed to house 1.5 lakh people, it includes 10,000 flats, seven plotted sectors, and 5,000 units for EWS and LIG groups. Under PMAY, 3,000 homes will be provided. The township also features a 130-acre park and EduTech City, incorporating schools, technical, and medical institutes to offer comprehensive educational opportunities within the residential-community.Read more

15 Apr 2025

The Bhubaneswar Development Authority (BDA) has announced two new housing projects in Sanapalla and Jagasara within Khurda district, offering affordable housing options for middle-income buyers. The decision, made during BDA's 150th authority meeting, comes as part of a broader initiative to rejuvenate urban development near Bhubaneswar. Furthermore, the BDA plans to expand its jurisdiction to include 143 new villages, which is expected to stimulate further private sector participation and address long-standing housing shortages.Read more

15 Apr 2025

PioneerUrban Land and Infrastructure Ltd is set to invest INR 300 crore in a luxury residential development designed specifically for senior citizens in Gurugram. Developed under the Haryana State Retirement Policy, the project, named Advait, is a collaboration with JK Organisation's real estate wing, JK Urbanscapes Developers Ltd. Spread over 2.6 acres, the gated community will feature 164 apartments with modern amenities, including a centralised air filtration system and on-site healthcare services provided by Fortis Hospital. With this project, the company enters the senior living segment in North India, marking a significant expansion in this emerging market.Read more

15 Apr 2025

CREDAI-MCHI's Ease of Doing Redevelopment 2.0 concluded on April 12 at Jio World Convention Centre with over 3,000 housing societies and 40+ developers participating. Key highlights included live consultations, expert workshops, and policy discussions focused on stalled projects, legal reforms, and FSI clarity. MHADA's Sanjeev Jaiswal emphasized the impact of Section 91A and 79A amendments. Industry leaders advocated trust, transparency, and realistic expectations. MahaRERA's new tracking portal was also unveiled to monitor redevelopment progress. The event marked a paradigm shift in Mumbai's approach to urban renewal, empowering societies with tools and partnerships to rejuvenate over 16,000 aging buildings.Read more

14 Apr 2025

The Jharkhand government has announced the development of new townships in Ranchi, Khunti, Jamshedpur, Bokaro, Ramgarh, Dhanbad, Hazaribag, and Deoghar to address the urban housing shortages and promote planned urbanisation. Each township will span 400-500 acres and include housing colonies, schools, institutions, green areas, and commercial spaces. Unlike the premium Ranchi Smart City, this initiative will focus on affordability. The Department of Urban Development has initiated land acquisition, starting with Ranchi. Coordination with district administrations is ongoing to identify the unencumbered land. Ranchi DC confirmed efforts to locate government and unused land, possibly conducting anti-encroachment drives to facilitate the project.Read more

14 Apr 2025

Gujarat's real estate sector saw a 6% rise in new project registrations in FY 2024-25, with 1,823 projects approved, up from 1,713 the previous year, according to GujRERA. The growth was driven by a surge in approvals during the first nine months, as developers anticipated a hike in jantri rates and rushed to avoid increased FSI charges. Surat led with 343 project registrations, followed by Ahmedabad with 550. Vadodara and Rajkot saw slight declines. Despite a slowdown in demand in the year's final quarter, registration momentum held steady. GujRERA is also enhancing compliance efforts to ensure broader market transparency and regulatory adherence.Read more

14 Apr 2025

The Bangalore Development Authority (BDA) has given engineers a three-month deadline to complete pending infrastructure in the Shivaram Karanth Layout in North Bengaluru. Spread across 3,540 acres, the layout is expected to offer over 30,000 plots, but only 10,000-17,000 are currently ready. Key works like roads, water pipelines, and drainage remain incomplete in nearly 40% of the layout. Legal issues and unresolved land acquisition disputes have delayed public site allotment, with a court case still pending. A committee is assessing land values for fair compensation. While public interest remains high, allotments will proceed only after legal and administrative clearances are finalized.Read more