18 Apr 2025

A new study by Grihum Housing Finance highlights rising property prices in Delhi-NCR's micro-markets, driven by post-pandemic homeownership demand, migration, and government schemes like PMAY. The Grihum Guide to Affordable Housing: Delhi-NCR Edition analyses data from 2005 to 2024, showing how "Housing for All" is reshaping areas like Kakrola, Palam, and Shyam Vihar. Grihum CEO Manish Jaiswal stressed that understanding asset-level risks-especially Loss Given Default (LGD)-is crucial for sustainable growth in the sector. The report also proposes EMI ranges based on buyer income and addresses infrastructure gaps, calling for fast-track policy support. It serves as a key resource for developers, investors, and policymakers.Read more

17 Apr 2025

The National Company Law Appellate Tribunal (NCLAT) has dismissed the appeal filed by Ram Kishor Arora, former promoter of Supertech Ltd, challenging the initiation of personal insolvency proceedings against him. The Delhi bench of the National Company Law Tribunal (NCLT) had directed these proceedings in February 2025 following a petition by IFCI, appointing an Interim Resolution Professional (IRP). Arora's counsel argued that the ongoing corporate insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC) should preclude personal insolvency actions. However, the NCLAT rejected this argument, stating that the liability of the personal guarantor and the corporate debtor are co-extensive, allowing lenders to proceed against both simultaneously or separately.Read more

17 Apr 2025

Earlier this week, over 1,400 distressed homebuyers of the Mahira Homes project in Sector 68, Gurugram, staged a protest at Jantar Mantar, seeking urgent intervention from the central government. The project, launched in 2017 under the affordable housing scheme, has remained incomplete despite buyers having paid between 95% to 100% of the flat cost. The license for the project was revoked in 2022 due to alleged document forgery and financial irregularities, followed by cancellation of its RERA registration. Although a techno-feasibility report by NBCC suggested completion with additional payments, buyers have firmly opposed bearing further financial burden.Read more

16 Apr 2025

Residents of Motilal Nagar in Goregaon have raised demands for larger flats and fairer compensation in the INR 3,600 crore redevelopment project awarded to Adani Properties. While MHADA has proposed 1,333 sq ft for residential and 987 sq ft for commercial units, locals argue this undervalues their share. At a recent meeting, redevelopment experts cited DCPR 2034 rules suggesting eligible families could claim up to 3,500 sq ft. With 143 acres of land at stake, the Motilal Nagar Vikas Samiti plans to negotiate for more transparency and equitable terms before signing any agreements with MHADA and the developer.Read more

16 Apr 2025

The Ranchi Municipal Corporation (RMC) has extended the Pradhan Mantri Awas Yojana (Urban) 2.0 until 2029, aiming to provide housing assistance to low-income families under the Beneficiary-Led Construction (BLC) component. Eligible applicants who are permanent residents within RMC limits as of September 1, 2024, with annual household incomes below INR 3 lakh and no ownership of a pucca house, can receive up to INR 2.5 lakh in financial aid. Applications are accepted both online and offline, requiring documents like Aadhaar, income certificates, land ownership proof, and photographs. Since 2015, over 10,000 beneficiaries in Ranchi have received support under PMAY, and this extension aims to assist thousands more.Read more

16 Apr 2025

HDFC Capital Advisors has partnered with Eldeco Group to develop 18 housing projects across North India's tier-II and III cities, with an investment of INR 1,500 crore. Spanning over 1 crore sq ft, the projects target towns like Panipat, Ludhiana, Rudrapur, and Kasauli, and are expected to generate INR 11,000 crore in revenue. The platform aims to meet the growing demand for mid-income housing driven by improved connectivity and urbanisation. Eldeco's unlisted arm, EIPL, will spearhead execution, while HDFC Capital continues to back affordable housing through its INR 35,000 crore fund portfolio. This move reflects a strategic focus on India's rising non-metro real estate markets.Read more

16 Apr 2025

India's housing market saw a 4% year-on-year drop in unsold inventory across the top seven cities, falling to 5.59 lakh units by March 2025, according to Anarock. The decline was led by strong sales in the INR 40-80 lakh and sub-INR 40 lakh segments. Budget housing inventory fell 19%, while luxury homes priced above INR 1.5 crore saw a 24% rise due to new supply outpacing demand. Overall sales dropped 28% in Q1 2025, with launches also down 10%. Experts suggest policy support, like Maharashtra's incentives for peri-urban affordable housing, is needed to rebalance the market amid rising construction costs and shifting buyer preferences.Read more

15 Apr 2025

CREDAI-MCHI's Ease of Doing Redevelopment 2.0 concluded on April 12 at Jio World Convention Centre with over 3,000 housing societies and 40+ developers participating. Key highlights included live consultations, expert workshops, and policy discussions focused on stalled projects, legal reforms, and FSI clarity. MHADA's Sanjeev Jaiswal emphasized the impact of Section 91A and 79A amendments. Industry leaders advocated trust, transparency, and realistic expectations. MahaRERA's new tracking portal was also unveiled to monitor redevelopment progress. The event marked a paradigm shift in Mumbai's approach to urban renewal, empowering societies with tools and partnerships to rejuvenate over 16,000 aging buildings.Read more

15 Apr 2025

The Rajasthan Housing Board (RHB) will launch new housing schemes in April and May across Jaipur, Udaipur, Barmer, Kota, and Hanumangarh, targeting all income groups. Additional projects are planned in Atru, Gajanpura, Nainwa, Lakheri, and Dholpur, with expansions in Jaisalmer and Shahjahanpur. Offering flats and independent houses, the schemes aim to meet housing demand with modern, eco-friendly infrastructure. Allocation will occur via online lotteries for transparency. Basic amenities like roads and water will be ensured before possession. RHB's initiative promotes inclusive, sustainable urban development and aims to improve living standards while easing housing pressure in both urban and underdeveloped areas.Read more

15 Apr 2025

Uttar Pradesh Chief Minister Yogi Adityanath recently inaugurated the 800-acre Anant Nagar Housing Scheme by the Lucknow Development Authority, aiming to offer world-class residential facilities. With a INR 7,000 crore investment, the integrated-township is strategically located near the international airport, expressway, and Ring Road. Designed to house 1.5 lakh people, it includes 10,000 flats, seven plotted sectors, and 5,000 units for EWS and LIG groups. Under PMAY, 3,000 homes will be provided. The township also features a 130-acre park and EduTech City, incorporating schools, technical, and medical institutes to offer comprehensive educational opportunities within the residential-community.Read more