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

13 Jun 2025

K Raheja Corp Homes has rolled out the second edition of its Grand South Pune Home Fest, targeting the thriving NIBM corridor. The event features limited-time deals across premium projects-Raheja Stellar, Sterling, Galaxy, and Helios-offering assured benefits and flexible payment plans, especially for Raheja Sterling. Building on the success of the first edition, this year's fest includes exciting rewards like an electric scooter, the latest iPhone, luxury vouchers, and a grand prize international travel package. The initiative not only aims to boost home sales but also supports buyers with curated offerings, expert consultations, and a seamless purchase experience.Read more

12 Jun 2025

The Dharavi Redevelopment Project (DRP), backed by a joint venture between the Maharashtra government and the Adani Group, is prioritising inclusive rehabilitation under the theme of "housing for all". DRP CEO SRV Srinivas emphasised that the plan would not only ensure housing for eligible and ineligible residents but would also revitalise Dharavi into a potential SME hub. With a rehabilitation budget of INR 97,500 crore, the plan aims to create equitable access to homes, amenities, and livelihoods, ensuring sustainable community growth and resisting ghettoisation.Read more

12 Jun 2025

Vikas Jain, CEO of Labdhi Lifestyle and a first-generation developer from Mumbai, has recently taken over as President of NAREDCO Maharashtra NextGen, succeeding Ridham Gada, who now serves as Vice-Chairman. Known for turning around stressed projects, Jain aims to drive sectoral transformation through project financing, improved RERA compliance, and technology-led innovation. His leadership arrives at a pivotal point, as the Indian real estate sector eyes USD 1 trillion growth by 2030. Jain's agenda focuses on empowering next-gen developers with financial expertise and fostering a transparent, forward-thinking ecosystem.Read more

11 Jun 2025

A recent Anarock report reveals that the average loading factor in Indian apartments has surged to nearly 40% in early 2025, up from 31% in 2019. The loading percentage represents the difference between the super-built-up area and actual carpet area, with buyers now receiving only about 60% of usable space. Cities like MMR (43%), Bengaluru (41%), and Delhi-NCR (41%) show the sharpest increases. The rise is driven by demand for lifestyle amenities-clubhouses, gyms, terraces-especially among millennial buyers. While RERA mandates disclosure of carpet area, there is no cap on loading, allowing developers to package extensive common facilities into projects. Experts note this shift reflects evolving buyer preferences focused on community living and wellness. However, the widening gap between livable and super-built-up space calls for greater transparency and potential regulation to ensure balanced value for homebuyers.Read more

11 Jun 2025

India's leading listed real estate companies experienced significant growth in property sales bookings during the past fiscal year, crossing INR 1.62 lakh crore collectively-a rise of over 20% compared to the previous year. Godrej Properties led the pack with nearly INR 30,000 crore in pre-sales, followed by market heavyweight DLF Ltd and other prominent developers like Macrotech Developers and Prestige Estates. The residential segment, especially luxury homes, dominated sales, while commercial properties contributed modestly. Market analysts attributed this strong performance to growing consumer preference for established, reputable developers amid concerns over stalled housing projects.Read more

10 Jun 2025

The Confederation of Real Estate Developers' Associations of India (CREDAI) has applauded the Reserve Bank of India's recent 50 basis points cut in the repo rate, describing it as a timely and courageous move aimed at stimulating demand in the housing market. With this latest step, the cumulative reduction now stands at 100 basis points over the past six months. CREDAI believes the decision will significantly improve buyer sentiment, especially in the mid-income and affordable segments, and enhance the financial viability of projects catering to this market. The move comes at a time when housing sales have shown a decline in major cities, indicating the need for strong policy support.Read more

10 Jun 2025

The Patna Metro Rail Project is progressing well, with the priority corridor between Patna Junction and ISBT nearing completion. Bihar Urban Development Minister Jibesh Kumar recently inspected key sites, including the ISBT metro station and depot, and expressed satisfaction with the project's pace and quality. The 6.6-km priority corridor features five elevated stations: Malahi Pakri, Khemnichak (interchange), Bhoothnath, Zero Mile, and Patliputra ISBT. Inauguration is slated for August 15 this year. The ISBT depot, spanning 30.5 hectares, is being built at a cost of INR 142 crore and will support operations with maintenance facilities, a stabling yard, control centre, and sub-station. The Delhi Metro Rail Corporation (DMRC) is providing technical support. Once operational, the metro promises to improve urban mobility, offering Patna residents faster, safer, and eco-friendly transport options, marking a major step in Bihar's urban modernisation.Read more

09 Jun 2025

The fourth edition of Biznet, a B2B event hosted by CREDAI MCHI Thane, turned out to be a resounding success, drawing over 170 developers from the Mumbai Metropolitan Region (MMR) and more than 20 vendors. Held at TopTop Plaza in Thane West, the event aimed to foster collaboration between suppliers and developers, showcase emerging technologies, and generate business worth INR 100 crore-an ambitious target that was met. Purchase managers and key industry stakeholders used the platform to forge connections, sign MoUs, and discuss innovation in real estate.Read more

09 Jun 2025

In a decisive move to enhance transparency and homebuyer empowerment, MahaRERA has revamped its project registration certificate to include key project details in a reader-friendly bullet-point format. The new certificate now lists information such as total built-up area, number of buildings and floors, residential and non-residential units, and parking slots. It will also reflect future project updates like timeline extensions or ownership changes. This initiative, applicable to all new housing projects with immediate effect, is expected to significantly aid buyers in making informed decisions.Read more