20 Jun 2025

Following the RBI's recent repo rate cut from 6% to 5.5%, major Indian banks have swiftly reduced lending rates to stimulate sectors like housing and MSMEs. HDFC Bank, Canara Bank, and Bank of Baroda have slashed MCLRs, offering immediate EMI relief to home loan borrowers. SBI also trimmed its repo-linked lending rate to 7.75% and EBLR to 8.15%. Real estate experts say the move is timely, likely spurring demand- especially in affordable and mid-income housing. Developers foresee increased buyer interest, quicker sales, and improved affordability. With rate cuts aligning with positive market sentiment, a broader housing market recovery is now in sight.Read more

19 Jun 2025

The Slum Rehabilitation Authority (SRA) of Brihanmumbai has introduced SoftTech Engineers' AutoDCR Online Building Permission System to digitalise and expedite the approval process for slum redevelopment projects. Designed to replace traditional manual procedures, this automation aims to reduce processing time, enhance transparency, and ensure regulatory compliance. Developed by SoftTech Engineers Limited, a pioneer in AEC tech solutions, the platform enables online submission and scrutiny of building plans. The initiative reflects SRA's broader commitment to technological integration for better urban governance and improved living conditions in rehabilitation zones.Read more

18 Jun 2025

MMRDA has taken over 174.01 hectares in Mogarpada, Thane, to build Mumbai's largest integrated metro car depot, supporting Metro Lines 4, 4A, 10, and 11. Backed by CM Shri Devendra Fadnavis and Deputy CM Shri Eknath Shinde, the INR 905 crore project will house 64 stabling lines, 10 workshop lines, and advanced facilities like automated wash systems and training centres. Construction, led by SEW-VSE JV, is now underway. A unique farmer-first rehabilitation model offers developed land plots to leaseholders and encroachers. Once operational, the depot will boost metro efficiency, cut travel time by 50%, and serve 1.2 million passengers daily, transforming connectivity across Eastern Suburbs and Thane.Read more

18 Jun 2025

The Maharashtra government has unveiled its new 2025 housing policy, Majhe Ghar, Majha Adhikar (My Home, My Right), its first major update since 2007. The policy promises over 35 lakh affordable homes by 2030 with a INR 70,000 crore investment. It focuses on sustainability, inclusive development, and private sector participation. Special housing plans target vulnerable groups like seniors, women, students, and migrant workers. A district-level survey is underway to align supply with real demand. The policy also supports self-redevelopment, slum renewal, and green construction. With a digital land bank and centralised tracking platform in the works, this ambitious policy aims to make housing more accessible, equitable, and future-ready across Maharashtra.Read more

17 Jun 2025

Kamathipura, one of Mumbai's oldest and most historically rich neighbourhoods, is set for a major transformation. MHADA has opened bids for redeveloping this 34-acre area under a cluster redevelopment plan. Once Asia's largest red-light district, Kamathipura was originally a settlement for construction workers during British rule. Now home to over 8,000 homes and shops, the project will replace 900+ ageing buildings and create 4,500 new housing units. Over 44,000 square meters is also being reserved for public amenities. This project joins other large-scale makeovers across the city, including Dharavi, Bhendi Bazaar, and BDD Chawls, all aiming to modernise Mumbai's ageing infrastructure.Read more

16 Jun 2025

The Asia Pacific commercial real estate leasing sentiment index reflected a broad decline in occupier confidence across sectors over the past quarter. Tenants are increasingly adopting a wait-and-watch approach amidst economic uncertainties, pulling back on expansions and relocations. Consolidation and renewals have become the dominant themes, especially in major markets like India, Mainland China, and Japan. Sectors such as industrial and logistics are showing resilience, while office and retail markets are facing more pressure. The tenant-friendly environment is encouraging negotiations, restructuring, and cost-cutting strategies.Read more

16 Jun 2025

Luxury lighting brand Emanate Home has partnered with celebrated interior designer Gauri Khan, appointing her as its brand ambassador while unveiling the first-ever Gauri Khan Designs Experience Centre in New Delhi. This exclusive, appointment-only space showcases a custom lighting collection crafted by Emanate for the studio, offering an immersive design experience. The collaboration has also given rise to a co-designed capsule collection, Luminous Legacy, which aims to blend Gauri Khan's refined aesthetic with Emanate's sculptural craftsmanship, reinforcing both brands' commitment to redefining modern Indian luxury interiors through emotionally resonant design.Read more

13 Jun 2025

K Raheja Corp Homes has rolled out the second edition of its Grand South Pune Home Fest, targeting the thriving NIBM corridor. The event features limited-time deals across premium projects-Raheja Stellar, Sterling, Galaxy, and Helios-offering assured benefits and flexible payment plans, especially for Raheja Sterling. Building on the success of the first edition, this year's fest includes exciting rewards like an electric scooter, the latest iPhone, luxury vouchers, and a grand prize international travel package. The initiative not only aims to boost home sales but also supports buyers with curated offerings, expert consultations, and a seamless purchase experience.Read more

12 Jun 2025

Vikas Jain, CEO of Labdhi Lifestyle and a first-generation developer from Mumbai, has recently taken over as President of NAREDCO Maharashtra NextGen, succeeding Ridham Gada, who now serves as Vice-Chairman. Known for turning around stressed projects, Jain aims to drive sectoral transformation through project financing, improved RERA compliance, and technology-led innovation. His leadership arrives at a pivotal point, as the Indian real estate sector eyes USD 1 trillion growth by 2030. Jain's agenda focuses on empowering next-gen developers with financial expertise and fostering a transparent, forward-thinking ecosystem.Read more

12 Jun 2025

The Dharavi Redevelopment Project (DRP), backed by a joint venture between the Maharashtra government and the Adani Group, is prioritising inclusive rehabilitation under the theme of "housing for all". DRP CEO SRV Srinivas emphasised that the plan would not only ensure housing for eligible and ineligible residents but would also revitalise Dharavi into a potential SME hub. With a rehabilitation budget of INR 97,500 crore, the plan aims to create equitable access to homes, amenities, and livelihoods, ensuring sustainable community growth and resisting ghettoisation.Read more