Since the Indian housing market is middle-class, house loan interest rates greatly impact home buying emotion. Individuals and families intending to purchase a house (one of the major choices of their life) must also consider interest rates and EMI expenses.

Gurugram, known for its modernism and progress, will get another iconic housing project. Signature Global, a real estate giant, bought a 25.75-acre plot in Fazilpur. On this freshly purchased site, the business plans to develop an ambitious group housing project to raise the standard.

The Chennai-based real estate developer Casagrand plans to build 20 million square feet (msf) of luxury and affordable homes in Mumbai and Pune for Rs 8,000 crore over three years.

This week, the Mhada Mumbai Board will begin collecting applications for its impending lottery for 4,083 apartments and tenements. The application deadline is June 26, 2023, and the draw is scheduled for July 18, 2023.

Casagrand has introduced Casagrand Aspires, an affordable residential community in Chennai's Navalur neighbourhood. The sprawling 1.76-acre property with 316 apartment units offers a variety of 2- and 3-BHK apartments starting at just Rs 3,599 per square foot.

SWAMIH - Affordable Housing Fund Seeks to Complete 81,000 Homes Within 3 Years

The Assam government has announced that more than three lakh affordable homes have been sanctioned under the flagship Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) initiative.

Since an interval of more than four years, the Maharashtra Housing and Area Development Authority (MHADA) is prepared to sell over 4,000 affordable apartments in Mumbai via lottery.

Rustomjee Group will co-develop a 2 million square foot affordable residential complex in Kalyan, near Mumbai. Rustomjee Group enters Mumbai's eastern suburbs with this acquisition.

All real estate players in India, including policymakers, developers, specialists, research businesses, consultants, brokers, and media houses, should create and promote affordable homes throughout the country.

Affordable housing is a hot topic nowadays, particularly in the Mumbai real estate market, where flat costs are fast increasing. However, the cost of the physical unit alone has an effect on the price, as do all the additional fees associated with the property purchase procedure.

The City and Industrial Development Corporation (CIDCO) has begun construction on a 5,730-unit mass housing development in Navi Mumbai's Taloja node, an official said recently.

Driven by the IT industry, India's Silicon Valley, Bangalore, has become the most lucrative property market in the country. Every year it witnesses a large influx of migrant community in search of better job opportunities.