Construction

Feb 01, 2025 12:20 PM IST Government to set up ₹1 lakh crore Urban Challenge Fund; allocates ₹10,000 crore for 2025-26. To ramp up urban infrastructure, Finance Minister Nirmala Sitharaman said on February 1 that the government would set up an Urban Challenge Fund of ₹1 lakh crore to finance up to 25 per cent of bankable projects and allocate ₹10,000 crore for 2025-26....

Finance Minister Nirmala Sitharaman will present Budget 2025 today, and the real estate sector anticipates a strong focus on affordable and middle-income housing. Industry stakeholders are seeking an expanded definition of affordable housing, tax benefits for homebuyers to boost affordability, and incentives for developers to drive the construction of budget-friendly homes. The real estate...

With Budget 2025 just hours away, real estate experts are calling for urgent reforms to boost affordable housing and support homeownership for the middle class. While the luxury housing market continues to thrive, experts stress that the key priority should be expanding the supply of homes in the ₹60 lakh to ₹1 crore price range. With Budget 2025 just a few hours away, real estate experts...

Economic Survey 2024-25 said on Jan 31 that as many as 1.18 crore houses have been sanctioned to beneficiaries of The Pradhan Mantri Awas Yojana – Urban (PMAY-U), and over 89 lakh have been completed. Economic Survey 2024-25 said on Jan 31 that as many as 1.18 crore houses have been sanctioned to beneficiaries of The Pradhan Mantri Awas Yojana – Urban (PMAY-U), and over 89 lakh have been...

To decongest Bengaluru, the Karnataka state government on January 30 approved the Greater Bengaluru Integrated Suburban Project, an initiative to develop Devanahalli, Nelamangala, Hoskote, Doddaballapur, Magadi, and Bidadi as satellite townships around Bengaluru. The project is expected to enhance road and rail connectivity, significantly improving accessibility. The Karnataka state government...

Founder and chairman of Vedanta Group, billionaire Anil Agarwal often shares glimpses of his life, including when he struggled to make a name for himself. In his latest post on X, he recalled how he purchased his first house in Mumbai, adding that when he thought of buying a flat, he only had ₹75,000 in his bank account. Indian Billionaire Anil Agarwal shared this photo on X....

The real estate sector has performed well, driven by strong housing and office demand across the country. According to the Economic Survey, this growth is fueled by economic stability, positive market sentiment, and the expansion of physical infrastructure such as metro networks, roads, and improved connectivity, not just in Tier 1 and Tier 2 cities but nationwide. Economic stability and...

Property registrations in Mumbai surpassed the 11,700 mark, according to data from the Inspector General of Registration and Controller of Stamps of Maharashtra. This reflects a year-on-year (YoY) increase of over 7% from 10,967 registrations recorded in January 2023. Mumbai real estate update: Property registrations in the city surpassed the 11,700 mark, according to data from the Inspector...

In a significant move to resolve their ongoing dispute over the use of the ‘Lodha’ trademark, real estate tycoons Abhishek and Abhinandan Lodha have agreed to mediation. The Bombay High Court appointed a former Supreme Court justice to facilitate discussions, aiming for a resolution within five weeks. The Bombay High Court on January 31 directed real estate magnates Abhishek Lodha and...

The Yamuna Expressway Industrial Development Authority (Yeida) on Thursday said it has approved the layout plan for the proposed Film City in Sector 21, thereby issuing permission to filmmaker Boney Kapoor-led Bayview Bhutani Film City Private Limited to proceed with its construction on the ground. Greater Noida: Layout plan of Film City get Yeida approval Bayview Bhutani submitted the...