BDA
The Bangalore Development Authority (BDA) is preparing a blueprint to develop a new residential project on the outskirts of the city and the authority will invest ₹4,500 crore in building basic infrastructure. The layout for the project covers about 3,546 acres and will comprise around 30,000 sites of various dimensions. The project is being monitored by a committee formed by the Supreme Court for its timely completion. Before this, BDA approved the project cost in a board meeting and the authority will mobilize the revenue through its internal resources over the next couple of years. Finances for the basic infrastructure will be contributing towards the construction of roads, drains, and electricity lines, and that the authority has not included the cost of acquiring land in its estimation as it hopes to compensate those losing land by giving developed sites. Every landowner who parts with an acre of land will be given eight sites of 30x40 square feet each. In return, the authority will be able to develop around 16 sites in the same land and this will help both, the authority as well as the landowners.
Demand for home loans from country’s tier 3 and 4 cities and districts have been growing at a faster pace than the top two tier districts, including Mumbai and Delhi (NCR), while the country’s home loan market is likely to double in five years

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In an attempt to soften the impact of the rising interest rate on home buyers, real estate developers have started to undertake mitigating measures. Realty developers including Tata Housing, Lodha Developers, and Runwal Group are stepping in to protect

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Adding more projects to its portfolio in the realty sector, the Brigade Group has recently signed agreements for prime land parcels in Chennai and Bengaluru and will build real estate projects on both the cities. The agreement to purchase the Mount Road

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The Chandigarh Housing Board (CHB) has decided to auction 154 properties - 101 commercial and 53 residential. All the properties are mainly in

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Lodha Group has planned to develop a high-end residential luxury project in Pune with a small component of retail space. This project has

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Godrej Properties has decided to develop a luxury project near Carmichael Road, an upmarket residential area in Mumbai. The new project for

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MahaRERA is planning to revive more than 2,800 stalled and lapsed housing projects involving a staggering investment of ₹78,684 crore. It has set up a dedicated

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The City and Industrial Development Corporation (CIDCO) has completed construction of a 12-storey residential tower with 96 flats under the Prime Minister

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Adani Group has decided to develop real estate projects alongside its airports across the country in addition to its aeronautical and non-aeronautical terminal

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Joyville Shapoorji Housing has planned to invest ₹700 crore in land acquisition together with exploring the option for the next round of funds. Managing

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Singapore-based sovereign wealth fund GIC has decided to invest ₹2,800 crore in a commercial project in Bengaluru being built by the Bhartiya Group. In return

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Gujarat government has approved four town planning (TP) schemes in Ahmedabad, Surat and Junagadh, where 15,200 low-cost housing units will be built

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Macrotech Developers, with an aim to be a net-zero carbon company by 2035, has targeted to invest ₹3,950 crore in various sustainable residential and commercial

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L&T Realty has entered into an agreement to jointly develop realty projects in South Mumbai on the western fringes of Mumbai and Thane entailing

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Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group, via its wholly owned subsidiary

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The Kolkata-based real estate builder, Merlin Group, has planned to develop both residential and commercial projects on an area of over 3

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Real estate building major Sobha Developers has entered into a joint development agreement (JDA) to build a housing project in Chennai where the project pact

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Brigade Group has signed a Joint Development Agreement to develop around 2.1 million square feet space in Chennai where the land, located at Perumbakkam

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The Maharashtra Real Estate Regulatory Authority (MahaRERA) has set up a dedicated team to help revive stalled and lapsed housing initiatives

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The state government’s controlled town planning and infrastructure development authority and the City and Industrial Development Corporation (CIDCO) have

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