23 Jun 2025

Housing sales in India's top nine cities fell below 1 lakh units for the first time since Q3 2021, with 94,864 units sold in April-June 2024-a 19% drop year-on-year, says PropEquity. New launches also fell 30% to 82,027 units. Cities like Mumbai, Thane, Pune, Hyderabad, and Navi Mumbai saw steep declines, while Bengaluru and Kolkata had milder drops. Delhi-NCR and Chennai bucked the trend with sales rising 16% and 9%, respectively. Analysts suggest the slowdown signals a market correction, with developers cautious amid unsold inventory and changing buyer behaviour. The trend reflects an evolving landscape in India's post-pandemic housing market.Read more

23 Jun 2025

The third edition of the Bengaluru Retail Summit, organised by the Retailers Association of India, brought together top industry voices to explore the future of retail amid a rapidly evolving market. Held in Bengaluru, the event focused on how innovation and technology are reshaping retail strategies, especially in a city known for tech-forward consumers and deep cultural roots. Key sessions revolved around omnichannel trends, digital integration, consumer behaviour, and retail transformation, with participation from leaders across Amazon India, Reliance Retail, Zivame, SNITCH, Amant' India, and Lifestyle International, among many others.Read more

23 Jun 2025

The upcoming Mulund-Airoli-Palava Freeway, set to open by March 2026, is poised to dramatically cut commute times-25 minutes from Mulund to Airoli and just 20 minutes from Airoli to Palava-transforming connectivity in Mumbai's eastern suburbs. Beyond easing travel, the project is expected to spark real estate growth in areas like Kalyan, Dombivli, and Katai. Historically, infrastructure upgrades like the Eastern Freeway and Metro Line 1 have triggered significant property appreciation, and experts anticipate similar trends here. Developers are eyeing the corridor as MMR's next growth hotspot, with improved access and affordable land making it ideal for residential and mixed-use projects amid Mumbai's ongoing eastward expansion.Read more

23 Jun 2025

The All-India House Price Index (HPI), released by the Reserve Bank, registered an annual increase of 3.1% during the January-March quarter of FY 2024-25. This mirrored the growth rate of the preceding quarter, though lower than the 4.1% rise recorded a year earlier. Based on transaction data from ten major cities, the HPI exhibited significant regional disparities: Kolkata saw the steepest annual increase at 8.8%, whereas Kochi experienced a contraction of 2.3%. Every quarter, the national index rose by 0.9%, with cities like Bengaluru, Jaipur, Kolkata, and Chennai showing notable gains.Read more

20 Jun 2025

Following the RBI's recent repo rate cut from 6% to 5.5%, major Indian banks have swiftly reduced lending rates to stimulate sectors like housing and MSMEs. HDFC Bank, Canara Bank, and Bank of Baroda have slashed MCLRs, offering immediate EMI relief to home loan borrowers. SBI also trimmed its repo-linked lending rate to 7.75% and EBLR to 8.15%. Real estate experts say the move is timely, likely spurring demand- especially in affordable and mid-income housing. Developers foresee increased buyer interest, quicker sales, and improved affordability. With rate cuts aligning with positive market sentiment, a broader housing market recovery is now in sight.Read more

19 Jun 2025

The Slum Rehabilitation Authority (SRA) of Brihanmumbai has introduced SoftTech Engineers' AutoDCR Online Building Permission System to digitalise and expedite the approval process for slum redevelopment projects. Designed to replace traditional manual procedures, this automation aims to reduce processing time, enhance transparency, and ensure regulatory compliance. Developed by SoftTech Engineers Limited, a pioneer in AEC tech solutions, the platform enables online submission and scrutiny of building plans. The initiative reflects SRA's broader commitment to technological integration for better urban governance and improved living conditions in rehabilitation zones.Read more

18 Jun 2025

The Maharashtra government has unveiled its new 2025 housing policy, Majhe Ghar, Majha Adhikar (My Home, My Right), its first major update since 2007. The policy promises over 35 lakh affordable homes by 2030 with a INR 70,000 crore investment. It focuses on sustainability, inclusive development, and private sector participation. Special housing plans target vulnerable groups like seniors, women, students, and migrant workers. A district-level survey is underway to align supply with real demand. The policy also supports self-redevelopment, slum renewal, and green construction. With a digital land bank and centralised tracking platform in the works, this ambitious policy aims to make housing more accessible, equitable, and future-ready across Maharashtra.Read more

18 Jun 2025

MMRDA has taken over 174.01 hectares in Mogarpada, Thane, to build Mumbai's largest integrated metro car depot, supporting Metro Lines 4, 4A, 10, and 11. Backed by CM Shri Devendra Fadnavis and Deputy CM Shri Eknath Shinde, the INR 905 crore project will house 64 stabling lines, 10 workshop lines, and advanced facilities like automated wash systems and training centres. Construction, led by SEW-VSE JV, is now underway. A unique farmer-first rehabilitation model offers developed land plots to leaseholders and encroachers. Once operational, the depot will boost metro efficiency, cut travel time by 50%, and serve 1.2 million passengers daily, transforming connectivity across Eastern Suburbs and Thane.Read more

17 Jun 2025

Kamathipura, one of Mumbai's oldest and most historically rich neighbourhoods, is set for a major transformation. MHADA has opened bids for redeveloping this 34-acre area under a cluster redevelopment plan. Once Asia's largest red-light district, Kamathipura was originally a settlement for construction workers during British rule. Now home to over 8,000 homes and shops, the project will replace 900+ ageing buildings and create 4,500 new housing units. Over 44,000 square meters is also being reserved for public amenities. This project joins other large-scale makeovers across the city, including Dharavi, Bhendi Bazaar, and BDD Chawls, all aiming to modernise Mumbai's ageing infrastructure.Read more

16 Jun 2025

The Asia Pacific commercial real estate leasing sentiment index reflected a broad decline in occupier confidence across sectors over the past quarter. Tenants are increasingly adopting a wait-and-watch approach amidst economic uncertainties, pulling back on expansions and relocations. Consolidation and renewals have become the dominant themes, especially in major markets like India, Mainland China, and Japan. Sectors such as industrial and logistics are showing resilience, while office and retail markets are facing more pressure. The tenant-friendly environment is encouraging negotiations, restructuring, and cost-cutting strategies.Read more