The Rajasthan government has announced the construction of 2.73 lakh additional homes under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G). These homes will be sanctioned in 2024-25 and are aimed at providing housing for rural families across the state. The project reflects continued efforts to meet rural housing demand through central support.

Tamil Nadu has launched a massive housing initiative targeting hut dwellers, with plans to construct 1 lakh houses at a cost of INR 3,500 crore. The scheme will be rolled out in two phases, prioritising those living in thatched or temporary shelters. The move is part of broader rural housing reforms.

The Andhra Pradesh government has allocated approximately 50 acres of land in Amaravati for an upcoming IT development project. Officials aim to create employment and boost economic activity in the capital region through this project, which will include tech parks, incubation hubs, and modern infrastructure to attract investors.

The West Bengal government has barred the separate sale of terraces in commercial buildings, citing misuse and legal complications. The Urban Development Department clarified that terraces must remain common areas under joint ownership. The move is intended to curb unauthorised construction and protect buyer interests in commercial real estate.

The Chandigarh administration has cleared Janta Colony by demolishing unauthorised structures as part of its anti-encroachment drive. The residents had been served multiple notices before the action. The government stated that the land will now be used for planned development projects, emphasising lawful land use in the city.

The Nashik Municipal Corporation will draft a comprehensive development plan using underutilised government-owned land. The focus will be on infrastructure expansion, housing, and civic amenities. Officials aim to optimise land use and support urban growth while avoiding acquisition-related delays by using existing public land resources.

The Asian Development Bank will assist the Nagpur Municipal Corporation in planning Transit-Oriented Development (TOD) zones around metro stations. The goal is to create walkable neighbourhoods with mixed-use development that promotes public transport usage, improves last-mile connectivity, and enhances land value along metro corridors.

Swiss sanitary products giant Geberit posted a 4.9% year-on-year increase in sales, reaching EUR 1.07 billion in Q1 2025. The growth was driven by strong demand in Europe and improved cost efficiencies. The company remains focused on innovation and sustainability amid a challenging construction materials market.

Araiya Hotels & Resorts has announced two new luxury properties under its Anthology brand in Uttarakhand, located in Mussoorie and Rishikesh. Both resorts aim to offer curated experiences blending high-end hospitality with local heritage and wellness offerings. The brand targets discerning travellers seeking premium hill-station getaways.

The West Bengal Housing & Infrastructure Development Corporation (WBHIDCO) will auction a 17-acre land parcel in New Town, Kolkata, on a freehold basis. The prime plot is expected to attract major developers and corporates due to its strategic location, potentially boosting investment in the state's commercial real estate sector.

Gujarat CM Bhupendra Patel reviewed the progress of the Akhilam Township project in Dholera Smart City. The project is part of the state's push to attract investments and build modern townships in emerging industrial zones. Officials highlighted ongoing infrastructure works and investor interest in Dholera's planned urban landscape.

HDFC Capital Advisors has settled a regulatory case with SEBI over alleged violations of Alternative Investment Fund (AIF) norms. While details remain limited, the settlement avoids prolonged litigation and helps the firm maintain compliance credibility in the highly regulated investment management sector.

Kajaria Ceramics has decided to discontinue its plywood business, launched under Kajaria Ply, due to sustained losses. The strategic exit comes as the company refocuses on its core strengths in tiles and bathware, aiming to streamline operations and improve profitability by shedding underperforming verticals.

Real estate firm Eleannt Enterprises has purchased a prime 1,000 sq yard residential plot in Vasant Vihar, New Delhi, for INR 95 crore. The acquisition underscores continued interest in Delhi's high-value residential zones, especially for luxury redevelopment projects targeting HNIs and affluent buyers.

Urban Company plans to raise INR 1,900 crore through an IPO to fund business expansion and initiatives for gig workers. The home services startup will use the proceeds for branding, innovation, and partner support, marking a crucial step in its growth strategy amid India's evolving gig economy landscape.

Bollywood actor Akshay Kumar has reportedly exited six properties in Mumbai, securing a healthy return on investment. While specific figures weren't disclosed, the combined sale showcases the strength of Mumbai's luxury housing market and how celebrity real estate investments can yield significant profits when timed effectively.

A 3BHK rental listing in Bengaluru's upscale area, demanding an INR 8 lakh security deposit, triggered widespread discussion on social media. Many users questioned the affordability and growing rent expectations in the city. The incident highlights rising costs and tenant concerns in the Bengaluru rental market, particularly in prime neighbourhoods.

According to Knight Frank's Prime Global Cities Index Q1 2025, Bengaluru ranked 4th globally for prime residential price growth at 12.5%, while Mumbai and Delhi placed 9th and 12th respectively. The report attributes this trend to high demand, limited supply, and stable economic conditions driving luxury housing momentum in these Indian metros.

Hilton plans a major India push, targeting a tenfold growth in hotel presence over the next ten years. With 26 hotels currently, the group aims to open 100 more, tapping into growing demand across key urban and leisure destinations. The expansion will focus on both managed and franchised models to scale efficiently.

Under 'Operation Sindoor,' the IAF targeted nine key terror hubs in Pakistan and PoK, striking bases tied to JeM, LeT, and Hizbul Mujahideen. Locations included Bahawalpur, Murdike, and Kotli, marking a strategic move to disrupt cross-border terrorism. The strikes align with India's broader counterterrorism stance beyond its borders. Source - PTI

The Delhi Development Authority (DDA) has razed multiple illegal farmhouses built on encroached land in Sainik Farms. The action is part of an ongoing crackdown on unauthorised constructions in ecologically sensitive zones, aiming to reclaim government land and prevent future misuse.

Private equity firm Carlyle Group has sold its entire 10.44% stake in PNB Housing Finance for INR 2,712 crore via block deals. The exit marks Carlyle's complete withdrawal from the mortgage lender, reshuffling institutional shareholding in the housing finance sector.

The Maharashtra government has approved the transfer of 28 land parcels belonging to PMC and PCMC to Maha-Metro. These plots will be used for Metro-related development, paving the way for station construction, depot expansion, and related infrastructure across Pune and Pimpri-Chinchwad.

The Nagpur Municipal Corporation has sold a 1.25 lakh sq ft commercial plot near Samvidhan Chowk for INR 235 crore. The land parcel fetched a record rate of INR 1.87 lakh per sq metre, reflecting strong interest in central Nagpur's commercial real estate.

Haryana Shahari Vikas Pradhikaran will reconduct the e-draw for 708 affordable flats in Gurugram after previous irregularities surfaced. The revised draw ensures fairness and transparency for all applicants under the affordable housing scheme, with revised dates to be announced soon.

Pune residents can now register property documents at any sub-registrar office in the city, thanks to a new state initiative. The reform simplifies procedures and cuts wait times, offering flexibility and convenience to homebuyers and sellers across Pune's real estate ecosystem.

SEBI has proposed several ease-of-doing-business measures for REITs and InvITs, including streamlined processes for unit holders meetings and flexibility in compliance timelines. These changes aim to boost participation, improve market liquidity, and attract long-term capital to India's real estate and infrastructure investment platforms.

MHADA is set to digitise and release over 1.5 crore documents related to housing, redevelopment, and land ownership. The move is intended to enhance transparency and improve citizen access to property records, marking a major step in Mumbai's real estate governance and digitisation.

Bangalore Development Authority (BDA) has raised property tax rates on its residential and commercial assets by 20% to 45%. This move aims to increase revenue for infrastructure development. The revised rates are applicable immediately and will affect properties across various BDA layouts in the city.

Mumbai's MHADA recorded actual receipts of INR 11,334.51 crore for FY25, driven by housing sales, redevelopment premiums, and land monetisation. The authority aims to utilise these funds for large-scale affordable housing initiatives and redevelopment projects across the city, reinforcing its financial strength in Maharashtra's public housing sector.

The Yamuna Expressway Authority (YEIDA) will launch an online portal to assist over 4,500 homebuyers affected by stalled Jaypee projects. The initiative will offer updates, grievance redressal, and transparency in the revival process, aiming to restore trust among homebuyers and accelerate project completion.

Religious trust Dawat-e-Hadiyah has acquired Killick House in Mumbai's Charni Road area for over INR 72 crore. The property spans more than 10,000 sq ft. The deal reflects sustained demand for premium commercial spaces in South Mumbai, particularly from institutional and religious organisations.