The GST Council's GoM proposes increasing the affordable home price barrier from ₹45 lakh to ₹55 lakh. If authorised, this might help budget homebuyers by matching GST incentives with growing property prices and increasing housing accessibility throughout India.

Indian real estate demand is rising throughout the holiday season. Since the RBI just maintained the repo rate, homeowners may take advantage of low lending rates and invest now. We examine the main drivers of real estate market development over this time.

The state cabinet accepted the transfer of 140 acres of Malwani and Aksa property from the suburban collector for the ambitious Dharavi Redevelopment Project. Land will be utilised for rental homes for slum inhabitants ineligible for free housing under the project.

The Maharashtra Housing and Area Development Authority (MHADA) would increase application opportunities. In March and June 2025, the Mumbai Board will hold a lottery for 3,000 residences. Patrawala Chawl in Goregaon may provide 2,500 of these dwellings.

The government wants to develop 2 lakh homes in Mumbai and Pune within three years, transforming the housing markets. This ambitious plan seeks to eliminate Mumbai slums, increase MHADA lottery possibilities, and revive SRA projects.

Mumbai has growing urbanisation and a dense population, making real estate redevelopment both a solution and a difficulty. The city suffers legal, logistical, and regulatory challenges due to ageing infrastructure and decrepit homes. How can these be resolved?

Many middle-class Indians are losing their goal of home ownership as property prices rise, making affordable homes scarce. With the average property costing ₹1.2 crore to ₹1.4 crore, homeownership is becoming increasingly difficult to achieve.

Back-to-work culture will effect the residential real estate market as it grows. This may increase demand for smaller, cheaper city residences. Urban inexpensive housing is becoming more enticing as neighbours, job, and community replace luxuries.

Since the Indian housing market is middle-class, house loan interest rates greatly impact home buying emotion. Individuals and families intending to purchase a house (one of the major choices of their life) must also consider interest rates and EMI expenses.

Gurugram, known for its modernism and progress, will get another iconic housing project. Signature Global, a real estate giant, bought a 25.75-acre plot in Fazilpur. On this freshly purchased site, the business plans to develop an ambitious group housing project to raise the standard.

The Chennai-based real estate developer Casagrand plans to build 20 million square feet (msf) of luxury and affordable homes in Mumbai and Pune for Rs 8,000 crore over three years.

This week, the Mhada Mumbai Board will begin collecting applications for its impending lottery for 4,083 apartments and tenements. The application deadline is June 26, 2023, and the draw is scheduled for July 18, 2023.

Casagrand has introduced Casagrand Aspires, an affordable residential community in Chennai's Navalur neighbourhood. The sprawling 1.76-acre property with 316 apartment units offers a variety of 2- and 3-BHK apartments starting at just Rs 3,599 per square foot.

SWAMIH - Affordable Housing Fund Seeks to Complete 81,000 Homes Within 3 Years

The Assam government has announced that more than three lakh affordable homes have been sanctioned under the flagship Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) initiative.