MHADA has announced plans to construct 8 lakh homes in the next five years, prioritizing affordable and rental housing for mill workers, dabbawallas, and lower-income groups. The initiative aims to boost urban redevelopment and enhance housing accessibility across Maharashtra.

Mid-sized property developers in India are adapting to the evolving real estate landscape by leveraging local expertise to deliver niche, high-quality developments, regaining ground after 2017's consolidation by large corporations.

In the real estate realm, "stalled projects" are those that have ceased construction entirely, contrasting with "delayed projects" which progress slowly due to various factors.

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.

After bearing the brunt of a prolonged slump over the last couple of years, the residential realty market of the MMR region is now showing signs of a revival as investor confidence returns and buyers renew their search for their dream home.