13 Feb 2025

Suraksha Group has secured re-validation of RERA registration for seven stalled Jaypee Infratech projects in Delhi-NCR, comprising over 10,000 residential units. This approval, following Suraksha Group's takeover of Jaypee Infratech through insolvency proceedings last year, paves the way for expediting construction and providing relief to homebuyers. The projects, including Jaypee Greens Kosmos, Krescent Homes, and Pebble Court, are set for phased delivery starting December 2025. The resolution plan also involves significant investment to revive stalled projects and settle debts with lenders and authorities. Efforts are underway to secure re-validation for more projects to ensure timely completion.Read more

13 Feb 2025

The 22nd Property Expo, organised by CREDAI MCHI Thane, concluded recently after a four-day showcase that drew a remarkable response from homebuyers and industry stakeholders. The event featured over 100 projects from 40 renowned developers and 10 financial institutions, attracting more than 20,000 families. Attendees explored a diverse range of properties, and organisers expect many serious buyers to proceed with purchases in the coming months. The expo also hosted insightful seminars and panel discussions on emerging real estate trends and sustainable development. The digital version of the expo will remain active for the next year, ensuring accessibility for those who missed the physical event.Read more

12 Feb 2025

The Yamuna Expressway Industrial Development Authority (YEIDA) is evaluating requests from developers of five stalled projects to avail the Uttar Pradesh government's rehabilitation policy, despite the official deadline having lapsed last year. If approved, developers have agreed to withdraw cases from the National Company Law Tribunal (NCLT) and other courts. The final decision will be made in an upcoming board meeting. The five developers collectively owe INR 2,700 crore to YEIDA. The withdrawal of cases is complex, requiring developers to clear dues, resolve disputes with petitioners, and meet tribunal conditions. Several projects, including those by Supertech Ltd, SDS Infracon, Ajnara India, and Orris Developers, remain incomplete, impacting thousands of homebuyers. The rehabilitation package, introduced in December 2023, had provided concessions, including waivers on interest and penalties.Read more

12 Feb 2025

MHADA has opened online applications for 450 flats in Nashik under the 20% reservation scheme for economically weaker sections (EWS). These flats are spread across 15 residential projects in various parts of the city. Under state regulations, developers constructing residential projects on plots of 4,000 sq metres or more must reserve 20% of the flats for EWS housing in cities with a population exceeding 10 lakh. The flats will be allotted through a lottery system, with details of the draw to be announced soon. Interested applicants must apply online before early March, and the final list of eligible beneficiaries will be published on MHADA's portal. Since 2020, MHADA has allotted 1,328 flats across 157 projects to low-income groups in Nashik, reinforcing its commitment to providing affordable housing. This initiative aligns with broader efforts to promote social inclusion, ensuring that economically weaker sections have access to quality housing within the city.Read more

11 Feb 2025

Kochi's commercial real estate market is booming, with office space reaching 17 million sq. ft. by 2024, a 28% rise in three years, according to CBRE and CREDAI Kerala. The technology sector leads leasing at 44%, followed by consulting and analytics (25%). Retail is also growing at a 9% CAGR, with malls expanding and fashion retail dominating at 55% of leasing. The residential sector is rising in East and North Zones, driven by IT growth. Government initiatives on sustainable urban development further boost the city's appeal, positioning Kochi as a major commercial and residential hub.Read more

11 Feb 2025

A report by eXp Realty India highlights a shift in property demand from major cities to suburban areas, driving double-digit price increases. Gurugram saw a 16.5% rise in Q1 2024, surpassing Delhi's 1.1%, while Navi Mumbai recorded a 14.7% jump compared to Mumbai's 2%. Lower costs and improving infrastructure make these regions attractive alternatives, with Navi Mumbai averaging INR 13,808 per sq. ft. compared to Mumbai's INR 26,364. Similar trends are seen nationwide, fueled by remote work and better living conditions. As demand rises, property prices are expected to climb, presenting both investment opportunities and affordability challenges.Read more

11 Feb 2025

The Rajasthan Housing Board (RHB) successfully generated INR 155.62 crore through a premium property auction held earlier this week. 44 out of 60 listed properties were sold across Jaipur, Hanumangarh, Bhiwadi, and Bharatpur, with Jaipur leading at INR 132.37 crore. RHB's Housing Commissioner, Dr. Rashmi Sharma, noted strong buyer confidence, especially in premium residential and commercial properties. More auctions are planned in the coming weeks to maintain sales momentum. The success reflects Rajasthan's growing real estate market, with Jaipur emerging as the prime investment hub, while smaller cities show potential for future growth and infrastructure development.Read more

10 Feb 2025

Ambuja Neotia Group has announced an investment of over INR 15,000 crore in West Bengal across real estate, healthcare, hospitality, and tourism. The company plans to develop 10.5 million sq ft of built space, including a 240-acre golf township worth INR 5,000 crore and nine real estate projects valued at INR 6,500 crore. The healthcare expansion will see five hospitals adding 1,300 beds, while seven new hotels and two convention hotels will boost tourism and business infrastructure. The investment is expected to create jobs, attract further investment, and contribute to the state's economic growth, with a focus on sustainability and smart development.Read more

10 Feb 2025

The Telangana government will auction Rajiv Swagruha Corporation properties by February-end, aiming to generate INR 2,000 crore for the Indiramma housing scheme. The total value of assets exceeds INR 3,200 crore, with only legally clear properties up for sale. The auction includes 760 flats, 36 unfinished towers, 1,342 open plots, and 361 independent houses across Bandlaguda, Pocharam, Gajularamaram, Jawaharnagar, and other districts. Previous attempts to sell these 15-year-old properties under the Congress-led Rajiv Swagruha scheme faced setbacks. With new pricing recommendations, the government aims to revive underutilized real estate and boost housing initiatives.Read more

10 Feb 2025

The Bihar government has set a target to provide housing for all urban residents by August 2025 under the Pradhan Mantri Awas Yojana (PMAY). Chief Secretary Amrit Lal Meena announced that 148,630 houses have been completed, with construction underway on 117,974 more. A survey to identify overlooked beneficiaries will conclude by February 2025. Financial aid schemes include INR 2 lakh for landowners and institutional housing for slum dwellers. To address engineer shortages, the state has recruited 500 junior engineers and retired experts. The initiative aims to improve urban living standards and enhance infrastructure across Bihar.Read more