The Rural Development Ministry allocated 3.8 million houses under PMAY-G for FY25, part of a 5-year plan to build 20 million homes and transform rural housing in India.

The Indian Finance Ministry has extended PMAY-G funds till September 2024 to build 3.5 million rural dwellings. This prolongation is part of the government's pursuit of "housing for all" by March 2024.

Dedicated Monitoring Unit RequestThe Ministry of Housing should create a body to manage all state Real Estate Regulatory Authorities, according to a national homebuyers association. This suggestion was presented at a meeting with the Ministry of Housing and Urban Affairs.

The state-owned construction giant NBCC sold 4 lakh square feet of premium office property in Nauroji Nagar, South Delhi, in a landmark real estate deal.

The Confederation of Real Estate Developers' Associations of India (CREDAI) wrote to the Finance Ministry requesting tax deductions for housing loan interest payments, rental revenue, and REIT investments in real estate.

A large proportion of urban migrants live in slums, informal settlements and unauthorized colonies, in order to save rental costs. They spend a substantial time commuting to their workplaces either by walking or cycling to reduce the travel expenses.

The body is asking the ministry for prompt action for the benefit of the real estate sector and home buyers.

In the backdrop of the disruption caused by Covid-19, the government will look into the demands of the real estate industry, including an extension of project completion timeline by 6-9 months and extension of building permissions secured already as per Ministry of Housing and Urban Affairs.