The Bombay High Court has dismissed a petition challenging a Goregaon West housing society's appointment of a redevelopment builder, ruling that the 2019 government guidelines on tendering are advisory and that the society's democratic decision with 76 out of 83 members supporting the project.

India's housing sector is witnessing a dual trend with premium properties priced above ₹1.5 crore recording sharp sales growth in metro cities, while government schemes like PMAY continue supporting affordable housing demand in emerging micro-markets.

Industry experts report Delhi's real estate sector is witnessing remarkable revival across commercial office, retail, and residential markets, attributed to supportive government policies and growing investor confidence.

The Maharashtra Minister of State announced government commitment to implementing developer-friendly policies during the 17th NAREDCO National Convention in New Delhi, signaling strong support for the state's real estate sector growth.

Maharashtra unveils dedicated RERA-like legislation for redevelopment projects with ₹2000 crore financial support and comprehensive grievance mechanisms.

Union Commerce Minister Piyush Goyal recently inaugurated the expanded International Searching Authority building in Dwarka, marking a massive 2300% increase in built-up area and tripling staff capacity to support India's growing intellectual property ecosystem.

RackBank acquires 19 acres in Indore and Raipur for AI data centres, cutting costs by 50% versus tier-1 cities. State government support boosts tier-2 expansion strategy.

Maharashtra government raises rent allowance from ₹20,000 to ₹30,000 monthly for tenants displaced from 96 dangerous cessed buildings in Mumbai. MHADA addresses housing crisis with enhanced support during monsoon season.

Maharashtra government raises rent allowance from ₹20,000 to ₹30,000 for tenants displaced from dangerous cessed buildings in Mumbai. MHADA addresses housing shortage with enhanced support during monsoon season safety concerns.

India's booming economy and urbanization are shifting focus to Tier 2 and Tier 3 cities, now emerging as growth hubs with affordable housing, improved quality of life, and rising investments. Backed by better infrastructure & government support, these cities are set to usher a real estate revolution

A strategic bond sale by MMRDA to fund INR 50,000 crore will accelerate Mumbai's infrastructure development. MMRDA hopes to overcome its financial issues and forward critical projects that would boost connectivity and growth with state government support and a strong financial plan.

Land record digitalization will be prioritised by the Indian government to streamline land procedures. The incoming government is likely to support this critical effort with roughly ₹1,035 crore. To speed up land acquisition and construction, the initiative seeks to digitise all land records by 2026

The Dream of Homeownership Grows 2024 is a terrific year for Indian homebuyers due to numerous major advancements. Significant savings from a steady repo rate and an optimistic government budget encourage more individuals to purchase properties.

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.