GST rate cuts on construction materials and policy reforms are expected to drive significant growth in India's real estate sector during the festive quarter, with enhanced affordability and renewed buyer confidence across metro and tier-2 markets.

Prime Minister Narendra Modi inaugurates the 5-km underground stretch of Kanpur Metro, including the Kanpur Central Station and 2.4 km of tunnelling completed by Afcons. The infra major continues to strengthen India’s metro network.

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.