News

GIFT City's second phase, comprising town planning concepts, is anticipated after state government evaluation and public comment. This phase intends to strengthen GIFT City's global financial hub status.

Despite rising interest rates over the last 18 months, asset quality has improved in the Indian home financing market. Rising incomes have offset greater monthly payments, ensuring stability.

The state-owned Indian Bank sold ₹610 crore in bad loans to simplify its financial portfolio. The bank plans to straighten up its accounts by the end of the year. Real estate and international trade debts are sold.

Mumbai's office property market has set a new Indian lease rental record. The Toronto-Dominion (TD) Bank extended its India headquarters lease at Maker Maxity in the Bandra-Kurla Complex (BKC) for an astounding Rs 604 per sq ft per month.

India Shelter Finance Corporation (ISFC), based in Haryana, is planning to increase its capital by raising ₹800 crore through new shares and ₹400 crore by selling some shares currently held by its investors.

The Reserve Bank of India's fifth straight repo rate hold at 6.5% is likely to boost the Indian property industry, especially Mumbai house sales.

Wave City in Ghaziabad added Tower H to its residential project 'Eligo'. This newest extension provides luxury living with most apartments overlooking the park.

The Fortune Hotels of the ITC hotel group have obtained arrangements to run two upmarket Fortune Park hotels in Kochi, Athani and Kakkanad. Fortune Hotels' 2025 Kerala launch is anticipated.

An AI-driven pricing trend engine from Housing.com has improved homebuyer assistance. This revolutionary tool uses ML and AI to offer consumers with vital price data and insights.

Puravankara subsidiary Provident Housing released its second ESG report. This study highlights the company's leadership in sustainable operations and business practices using innovative technology and decreased environmental effect.

According to an Anarock research, premium office space rental prices in seven major cities rose 7% year-over-year to Rs 83 per square foot per month in the first six months of the current fiscal. This is due to growing building prices.

The state cabinet adopted Arunachal Pradesh's logistics strategy, assuring PM Gati Shakti compliance. The goal of this strategy is to optimise state integrated development by 2047.

Nestasia officially launches its first Bangalore shop. Nestasia's second brick-and-mortar shop in India, this 680 sq. ft. boutique in Bellandur, is a milestone.

By 2027, the Indian construction market is anticipated to have grown at a CAGR of 17.26%, from 2022 to 2027, and reach $1.42 trillion.

Bandhan Bank's request of bids for its INR 775-crore portfolio of problematic affordable housing loans may indicate lower-income hardship, according to sources.