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When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
14 Apr 2025
The Karnataka Housing Board's Heritage Heights project in Kenchalagudu, Mysuru, has received a lukewarm response, with only 52 applicants for 192 flats. The project offers 160 two-BHK units at INR 49.4 lakh and 32 three-BHK units at INR 63 lakh. Due to low demand, the application deadline has been extended from April 2 to May 2. Experts cite buyer preference for individual homes or city-centre apartments as a key reason. Located on Mysuru's outskirts, the project faces challenges despite its affordability and official backing. KHB may need to re-evaluate pricing, location, and promotion strategies to improve uptake for this and future developments.Read more
14 Apr 2025
The Maharashtra government has approved the allocation of 256 acres of decommissioned salt pan land across Mulund, Kanjurmarg, and Bhandup for the ambitious Dharavi Redevelopment Project (DRP). These plots, lying unused for nearly a decade, are now set to host affordable housing units as part of one of Mumbai's most significant slum rehabilitation efforts. Authorities have clarified that these lands are environmentally safe for construction, as the ecologically sensitive zones lie beyond the Eastern Expressway. This move aligns with the Development Plan 2034 and continues the trend of repurposing defunct salt pans for urban infrastructure.Read more
11 Apr 2025
The Thane collector has identified 10 land parcels across Thane district, covering over 85 hectares, to relocate slum-dwellers from Sanjay Gandhi National Park (SGNP). These include locations in Ambernath, Shahpur, Kalyan, and Mumbra and have been submitted to the Bombay High Court. The move is part of a larger initiative to comply with the court's directive to rehabilitate SGNP slum residents, a task pending since 2011. An affidavit submitted in court noted that 312 commercial and residential structures in SGNP were deemed ineligible for relocation due to discrepancies in documentation and eligibility.
11 Apr 2025
The Tamil Nadu Urban Habitat Development Board (TNUHDB) has undertaken the renovation of 8,352 residential flats in Perumbakkam, Chennai, with an investment of INR 70 crore. This upgrade is part of a larger initiative to enhance over 62,000 housing units across Chennai and neighboring areas, improving infrastructure and living standards. The move aligns with the state's efforts to ensure better housing facilities for economically weaker sections. The project includes structural repairs, improved amenities, and maintenance measures aimed at enhancing long-term habitability.
11 Apr 2025
Gurugram's Southern Peripheral Road (SPR) is rapidly emerging as a prime real estate and business hub, with property prices soaring 125% since 2020. Driven by the rise of corporate centers and major developments, SPR is being dubbed 'Cyber City 2.' Prices jumped from INR 7,690 to INR 17,300 per sq. ft., supported by government investments like INR 2,000 crore for infrastructure and an additional INR 8.25 crore for pedestrian and cycling tracks. Top developers like DLF and Signature Global are launching major projects, while existing facilities host giants like TCS and PepsiCo. With improved connectivity, civic upgrades, and rising demand, SPR is positioned as Gurugram's next growth engine.Read more
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11 Apr 2025
The Delhi Development Authority (DDA) has extended the deadline for its 'Sabka Ghar Awaas Yojana 2025' and 'Shramik Awaas Yojana 2025' housing schemes to April 30, 2025, in response to high public interest. Both schemes offer discounted rates on unsold flats in areas like Narela, Siraspur, and Loknayakpuram. Bookings for the remaining flats reopened on April 9 and will remain open until the new deadline. The move aims to promote affordable housing in Delhi by giving potential buyers more time to apply and benefit from financial incentives.Read more
10 Apr 2025
Jaiprakash Associates, which entered insolvency proceedings after defaulting on loan repayments, has attracted interest from 26 companies, including Adani Enterprises and Patanjali Ayurveda. The company's assets include real estate projects in Greater Noida and Noida, cement plants, and hotels in the Delhi NCR region. The total claims against JAL stand at INR 57,185 crore, with NARCL as the largest claimant.
10 Apr 2025
The two-day Times Property Expo in Lucknow highlighted the city's transformation into a hub of modern urban living. Featuring diverse listings from prominent developers, the expo showcased luxury apartments, affordable housing, and commercial spaces in prime locations like Gomtinagar Extension and Hazratganj. Innovative projects included smart homes with integrated technology, eco-friendly buildings, and township developments with essential amenities. District Magistrate Vishak G Iyer emphasized Lucknow's balance between heritage charm and modern infrastructure, reflecting its growing appeal as a city of opportunities and quality living.
10 Apr 2025
A new trend in India's real estate market shows under-construction (UC) homes are now more expensive than ready-to-move (RTM) properties in major cities. A report by Magicbricks highlights that in Delhi, UC homes cost Rs 25,921 per sq. ft., surpassing RTM prices at Rs 18,698 per sq. ft. Similar trends are seen in Gurugram and Mumbai. This shift is driven by rising construction costs and evolving buyer preferences for modern designs, better layouts, and high-quality fittings. With increasing demand, cost pressures, and rising raw material prices, under-construction properties are now seen as valuable investments, offering higher capital appreciation and long-term financial benefits.Read more
10 Apr 2025
The state cabinet recently approved the joint redevelopment of two MHADA layouts-Adarsh Nagar in Worli and Bandra Reclamation-marking a significant step towards urban renewal in South Mumbai. Under the Construction and Development Agency (C&Da) model, a developer will be selected through a bidding process based on the maximum usable housing stock offered to MHADA. The redevelopment will cover a total of 2,65,500 square metres with a Floor Space Index (FSI) of 4, and MHADA will retain one FSI for its own housing stock. Approximately 5,000 families living in 60-year-old, dilapidated buildings are expected to benefit from this initiative, which includes provisions for temporary housing and improved infrastructure.Read more
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