The Union Housing Ministry has terminated plans to develop eight new greenfield cities, citing inadequate planning frameworks. The unused Rs 8,000 crore grant from the 15th Finance Commission will be redeployed to bolster seven existing economic zones for optimized growth.

The Ministry of Housing and Urban Affairs has proposed making RERA AI-ready by mandating standardised, machine-readable quarterly reports across all state regulators to enable data-driven policymaking, real-time project tracking, and stronger regulatory oversight in India's real estate sector.

IIT Bombay report backs current CPI housing index methodology as statistically robust, warns against costly monthly full-sample revisions. Know the impact on inflation tracking, RBI monetary policy & real estate market analysis.

The Ministry of Statistics plans to revise the Consumer Price Index housing methodology with monthly rent tracking and first-time inclusion of rural data, marking a significant shift in inflation measurement.

A leading pan-India homebuyers' association has urged the Union Housing Ministry to address critical gaps in RERA enforcement, proposing mandatory escrow accounts for amenities, builder verification mechanisms, uniform exit policies, and standardized operating procedures across state regulators.

A leading homebuyers' association has urged the Union Housing Ministry to address enforcement gaps in RERA, proposing stricter SOPs to protect buyers from incomplete amenities, defaulting developers, and payment risks.

The Central Government is set to launch a ₹1 lakh crore Urban Challenge Fund enabling private developers to build and manage public infrastructure in major urban redevelopment zones across India.

NAREDCO, the apex real estate body under the Ministry of Housing and Urban Affairs, has announced new leadership with Parveen Jain taking charge as President and Dr. Niranjan Hiranandani as Chairman, signaling a renewed focus on transparency and sustainable growth.

India's Ministry of Housing and Urban Affairs has launched a unified RERA portal that consolidates real estate project data from all states, promising unprecedented transparency and buyer protection in the property sector.

The Rural Development Ministry allocated 3.8 million houses under PMAY-G for FY25, part of a 5-year plan to build 20 million homes and transform rural housing in India.

The Indian Finance Ministry has extended PMAY-G funds till September 2024 to build 3.5 million rural dwellings. This prolongation is part of the government's pursuit of "housing for all" by March 2024.

Dedicated Monitoring Unit RequestThe Ministry of Housing should create a body to manage all state Real Estate Regulatory Authorities, according to a national homebuyers association. This suggestion was presented at a meeting with the Ministry of Housing and Urban Affairs.

The state-owned construction giant NBCC sold 4 lakh square feet of premium office property in Nauroji Nagar, South Delhi, in a landmark real estate deal.

The Confederation of Real Estate Developers' Associations of India (CREDAI) wrote to the Finance Ministry requesting tax deductions for housing loan interest payments, rental revenue, and REIT investments in real estate.

A large proportion of urban migrants live in slums, informal settlements and unauthorized colonies, in order to save rental costs. They spend a substantial time commuting to their workplaces either by walking or cycling to reduce the travel expenses.