India's real estate landscape is undergoing a dramatic shift as tier-2 and tier-3 cities now account for nearly half of all land acquisitions by developers. This emerging trend, backed by a 20% surge in housing sales and 43% growth in the primary market, signals a fundamental reorientation.

Bengaluru-based Prestige Group, a real estate giant, is planning to transform urban landscapes across Delhi-NCR, Bengaluru, Hyderabad, Chennai, Mumbai, and Goa. With a Bengaluru trial project, they are also targeting elder living.

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 Reserve Bank of India's decision to keep the repo rate at 6.5% for a second time is expected to help the real estate market maintain residential sales growth, particularly in the interest rate-sensitive affordable, low- and middle-income housing segment.

As the Indian real estate market struggles with unsold inventory and sagging sales compounded by the Covid 19 pandemic, the affordable housing segment could prove to the perfect booster for property market in India.

With fresh impetus provided by the union Budget, realty planner in Pune is responding to the increased demand for affordable housing from the mid-segment resident buyers.