18 Sep 2025

Deloitte's recent report projects that India's residential construction sector will grow to USD 350 billion by 2030, fueled by urbanization, rising incomes, and government policies. Key growth areas include building materials, consumer electricals, home furniture and decor, home security, paints and construction chemicals, and flooring. Branded products, digital awareness, and energy-efficient trends are expected to further drive growth. The report highlights the potential of tier-2 and tier-3 cities in shaping the future of India's residential construction market.Read more

15 Sep 2025

CREDAI, the apex body of real estate developers with over 13,000 members, has released its "National Real Estate Development Framework Vision 2047" during its annual conference in Singapore. The plan sets out nine focus areas including land reforms, affordable housing through land banks, development of 100 new cities, easier and faster building approvals, rationalised charges, and dedicated infrastructure funding. It also highlights slum redevelopment, promotion of green buildings, adoption of new technology, skilling and labour welfare, and climate-resilient urban planning. The framework calls for phased implementation with strong oversight at both national and state levels.Read more

15 Sep 2025

The National Real Estate Development Council (NAREDCO) has approached the Prime Minister, suggesting that his birthday be celebrated as 'Right to Housing Day' to acknowledge his efforts in advancing affordable housing in India. The industry body highlighted that under the Pradhan Mantri Awas Yojana, over four crore homes have been built, with further expansion expected through PMAY-U 2.0. NAREDCO also commended GST rationalisation and reforms such as RERA, which have strengthened transparency and professionalism in the real estate sector, pledging continued support for 'Housing for All'.Read more

10 Sep 2025

India's eight largest cities have almost doubled their urban built-up areas over the past thirty years, reflecting a significant urban transformation. According to a recent report by Square Yards, these cities have added over 2,100 square km of urban structures since the mid-1990s. Pune recorded the fastest growth, while Hyderabad, Kolkata, and Bengaluru also saw substantial expansion. The report emphasizes that this growth is driven by population migration to urban centres, creating strong demand for new housing, infrastructure, and urban services, and reshaping how people live and work.Read more

10 Sep 2025

Mumbai's housing sector is witnessing significant transformation through society redevelopment, with over 44,000 new homes expected to come up by 2030, valued at around INR 1.3 lakh crore, according to Knight Frank India. Since 2020, 910 housing societies have signed development agreements, unlocking more than 326 acres of potential land. Western suburbs are projected to account for the majority of these additions, while South Mumbai will see modest growth. With nearly 1.6 lakh societies eligible for redevelopment, and state revenues from free-sale units and GST projected at over INR 13,000 crore combined, redevelopment is proving to be a major driver of urban renewal.Read more

09 Sep 2025

A recent survey by realty consultant Anarock reveals that over 90 per cent of prospective homebuyers are worried about escalating residential property prices. The survey, which included nearly 8,250 participants, found varying degrees of concern, with nearly half expressing high anxiety. Average residential prices have surged by more than 50 per cent over the past two years, prompting most buyers to either delay or reconsider their property purchases. Affordability constraints and limited budget-friendly options are cited as the primary reasons behind the cautious approach.Read more

06 Sep 2025

Shri Piyush Goyal described the GST reforms as an important step towards India's self-reliance, calling for citizens to unite in making India a developed nation by 2047. At the India MedTech Expo 2025, policymakers, industry leaders, and global experts discussed initiatives to strengthen the MedTech and healthcare sectors, including regulatory easing, export expansion, and academia-industry collaboration. The three-day event highlights MSME and start-up innovations, state showcases, and government initiatives, attracting over 150 international buyers and leading industry associations, demonstrating India's growing role as a global hub for medical technology and healthcare services.Read more

05 Sep 2025

The real estate sector has welcomed the GST Council's recent reforms, describing them as a landmark step that reduces construction costs, eases compliance, and supports housing affordability. Developers and industry leaders believe the reduction in tax on key construction materials such as cement, marble and granite will strengthen project economics, enable competitive pricing, and stimulate demand ahead of the festive season. With interest rates stabilising, the reforms are also expected to encourage new project launches, attract investments, and create fresh employment opportunities across housing and allied industries.Read more

05 Sep 2025

The Central Advisory Council (CAC) under the Real Estate (Regulation and Development) Act held its fifth meeting in New Delhi to review eight years of RERA implementation. Union Minister of Housing and Urban Affairs Shri Manohar Lal Khattar launched the Unified RERA Portal, designed to create a national database of projects, enhance transparency, and share best practices across States and Union Territories. Discussions focused on stalled projects, homebuyer complaints, developers' concerns, and ways to strengthen regulatory processes. The council also recommended measures for faster dispute resolution and next-generation reforms in the real estate sector.Read more

05 Sep 2025

India's real estate sector has welcomed the GST Council's recent rate rationalisation, which aims to reduce the tax burden on essential construction materials. Experts noted that lowering GST from 28% to 18% on cement and marble, and from 12% to 5% on granite blocks, will reduce housing costs and benefit homebuyers. Industry leaders highlighted that while construction materials form a portion of total project costs, the reforms are expected to make homes more affordable, stimulate demand, and encourage developers to accelerate projects, particularly ahead of the festive season.Read more