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

Phoenix ARC, backed by Kotak Mahindra Bank, bought two stressed loans for ₹1,800 crore from IIFL, committing to an 83% recovery rate for the Fairfax-supported non-bank lender. The ₹1,500 crore acquisition was made in an open auction, with Phoenix ARC being the lone bidder.

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.

Top developers are flocking to Borivali, particularly near the Western Express Highway. High-end lifestyle developments are supported by rising social infrastructure including schools, hospitals, malls, and leisure centres. Borivali is becoming a top option for luxury and connectivity.

Colive, a tech-driven platform for fully managed co-living spaces, is seeking $20 million from venture capital companies. This money will support the company's aggressive growth. Colive, based in Bengaluru, wants to increase its room capacity in Pune and other Indian cities.

In the current fiscal year 2023-24, The Phoenix Mills plans to invest over Rs 2,000 crore to support the ongoing portfolio expansion in key locations such as Pune, Bengaluru, Kolkata, and Surat.

After Sebi proposed to regulate all online platforms that allow fractional ownership of real estate assets, experts expect holiday home fractional ownership, which is still new in India, to gain support.

Amazon Development Center (India), Amazon's software and support services division, has leased 200,000 square feet of office space in Pune's Gera Commerzone IT SEZ near Kharadi.

IBO, a business that builds and restores houses, opened its first store in Hyderabad, Telangana. The expansion supports the brand's goal of offering customers a value-priced omni-channel house building retail and home innovation experience.

According to studies conducted on the Mumbai real estate market in 2022, there is still a strong interest in purchasing a property, which is supported by job stability and financial resilience.

It is anticipated that robust and positive momentum would continue to prevail in the real estate market of India in 2022-2023, supported by the stable structural basis, the increase in demand, and the decreased interest rates on house loans.

Global tech giant Google plans to establish a new office in Pune enabling it to employ cloud product engineering, technical support, and global delivery centre teams in the second half of 2022. This is a significant real estate deal and an important development for Pune real estate.

It is definitely not a secret that the real estate industry in India has gone through a lot of stress in the recent past and is still in the midst of a recovery. It does require all the support that it can and this budget could be a turning point.

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.