The Centre, in consultation with the states, will evolve a mechanism to ensure that land prices for affordable housing projects are kept relatively lower than those for other housing segments, particularly under the Prime Minister Awas Yojana (PMAY), said Manohar Lal Khattar, Minister of Housing & Urban Affairs. Speaking at the valedictory session of the 17th NAREDCO National…
Bollywood veteran Anil Kapoor, along with his son Harsh Varrdhan Kapoor, has purchased a luxury apartment in the upscale neighbourhood of Bandra West, Mumbai, for Rs 5 crore, according to property documents accessed by real estate marketplace Square Yards from the Inspector General of Registration (IGR) Maharashtra website. The transaction was officially registered in August 2025. The newly…
In a move aimed at tightening the regulatory framework around project lending, the Reserve Bank of India (RBI) has issued fresh guidelines for banks financing infrastructure and commercial real estate (CRE) projects. These norms, which will come into effect from October 1, 2025, seek to bring uniformity in how banks handle delays and provisioning for…
India’s residential real estate market has rebounded sharply in the post-pandemic period, and from FY 2019 to FY 2025, total residential sales in major cities surged by nearly 77 per cent, a report showed on Wednesday. Primary transactions, comprising under-construction homes sold by developers, accounted for 57 per cent per cent of the total transactions…
One thing that is constant across the three key sectors — renewables, roads and real estate — is the strong investment growth and the investments in the current fiscal and the next may touch Rs 17.5 lakh crore, Crsil Ratings said in a report. “Over this fiscal and next, investments may rise at 15 per…