The Union Cabinet has extended the Pradhan Mantri Awas Yojana (Urban) till December 2024. This decision, announced in an official statement, extends the June 2015 plan. The original March 2022 'Housing for All' Mission aims to provide pucca dwellings to all qualified urban inhabitants.

According to a report by CBRE South Asia, between January and June of this year, 6,900 Indian luxury residences with a price tag of Rs 4 crore or more were successfully transacted. This represents an increase from the 3000 units sold in 2022.

After a cautious first quarter, India's top six cities' office space absorption rose 2 percent to 14.6 million square feet in the second quarter of 2023, up from 14.3 msf in 2022.

The Maharashtra bench of the Appellate Authority for Advance Rulings denied a Cooperative Housing Society (CHS) on Pedder Road's GST appeal (AAAR). Goods and Services Tax (GST) will apply to "voluntary" contributions made by a departing member, as reported by TOI on 8 June 2022.

Indian real estate - despite comfortably staying in the positive zone, the current sentiment index score has decreased mostly owing to the anticipated effect of the two consecutive repo rate rises in May and June 2022.

Some of the biggest real estate developers in Mumbai as well as most of real estate brokers in Mumbai believe that the demand for all kinds of real estate in Mumbai including luxury real estate, residential real estate as well as offices and shops will keep on increasing every single day.

The Gurugram Metropolitan Development Authority (GMDA) has made the decision to adopt a long-term environmental strategy. The strategy, according to authorities, will be ready by June of 2022.