Page 2 - Housing

Uttar Pradesh housing projects worth ₹7,000 crore launched for urban push

These 21 realty projects will develop almost 11,000 units spanning residential apartments, commercial spaces and shops in major cities

Bengaluru to see 21% growth in housing sales in July-Sept: PropEquity

Bengaluru's housing market is witnessing strong demand, with sales estimated to rise 21 per cent in July-September to 16,840 units, according to PropEquity. Sales in Bengaluru's primary housing market stood at 13,966 units in the year-ago period. Real estate data analytics firm PropEquity data showed that sales of residential properties are likely to increase to 49,559 units during January-September period of 2025 calendar year as against 46,392 units in the corresponding period of the preceding year. With start of the festive season, real estate developers feel that sales in Bengaluru during the fourth quarter of this calendar year would rise further, closing the year on a strong note. Sales of housing in the Bengaluru market stood at 61,116 units in the 2024 calendar year, down from 66,600 in the preceding year. During the COVID pandemic year 2020, sales stood at only 34,480 units but demand revived in subsequent years because of the pent-up demand. Sales increased to 43,181 un

UP Rera approves 21 projects worth ₹7,035 cr, 10,866 housing units planned

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 21 new projects worth Rs 7,035 crore, paving the way for 10,866 housing and commercial units across the state. The clearances were given on Saturday in the 184th meeting of the Authority, chaired by Sanjay Bhoosreddy, UP RERA said in a statement. "The approval of 21 projects, adding nearly 11,000 new units, highlights the momentum of real estate growth in Uttar Pradesh. With investments of about Rs 7,035 crore, these developments will meet housing needs across diverse income groups and also create significant economic opportunities for the state," Bhoosreddy said. The projects, spread across Gautam Buddh Nagar, Ghaziabad, Lucknow, Mathura, Agra, Bareilly, Varanasi and Barabanki, include residential apartments, villas, plots and commercial spaces. UP RERA said the developments are expected to generate employment in construction and allied sectors while expanding housing availability, with a share reserved for

Redevelopment rush in Mumbai: Extra carpet area is the new dealmaker

For tenants, this translates into the promise of spacious, modern apartments replacing crumbling old buildings

Sanjeevini Group eyes ₹1,200 cr from Bengaluru's new housing project

Realty firm Sanjeevini Group on Sunday said it is expecting a revenue of about Rs 1,200 crore from its new housing project in Bengaluru. The company has launched a luxury residential project "The Adwaith", spread over 8.3 acres and comprising 668 units, atGunjur in Bengaluru East. The total sales potential of this project is Rs 1,200 crore, the company said in a statement. The project will be developed under a joint development model with landowner. The total built-up area is about 17 lakh sq ft. The units are priced upwards of Rs 1.7 crore. Umesh Gowda H A, Chairman and Founder of Sanjeevini Group, said the company has launched a new project at Gunjur, which is a growing micromarket in Bengaluru because of its good connectivity with other parts of the city. The project is expected to be delivered in 30 months. Sales of residential properties have risen sharply post-Covid pandemic on pent-up demand, growing preference of having home-ownership. Sanjeevini Group has developed over

Altum Credo raises ₹170 cr from BII to expand affordable housing finance

Altum Credo will use the funds to expand credit access for low-income households, strengthen IT systems, and scale operations across existing geographies

Godrej Properties sells 683 units worth over ₹1k cr in Hyderabad project

Godrej Properties Ltd on Monday said it has sold 683 housing units for more than Rs 1,000 crore in its new residential project in Hyderabad, driven by strong consumer demand. In a regulatory filing, the company said it has sold inventory worth over Rs 1,000 crore in its project 'Godrej Regal Pavilion' located at Rajendra Nagar, Hyderabad. The project was launched earlier this month. At the launch, the company had sold 683 homes with a total area of 1.20 million square feet. The total developable area in this large project is 4.14 million square feet with an estimated revenue potential of Rs 3,600 crore. On the customers' response, Gaurav Pandey, MD & CEO, Godrej Properties, said, "This outcome reflects the rising preference for trusted, branded residences and Hyderabad's strong growth potential." Recently, Godrej Properties acquired 7.82-acre of land in Hyderabad through the auction process for Rs 548 crore. This upcoming project would have an estimated revenue potential of Rs

Construction costs surge 40% since 2019; experts call for GST reforms

Construction costs in India's affordable housing sector have surged 40% since 2019, squeezing developer margins. Experts suggest GST reforms could ease costs and protect housing affordability

Delhi-NCR real estate to gain from UER-II and Dwarka Expressway launch

Real estate developers and consultants say UER-II and the Dwarka Expressway will improve connectivity, ease congestion, and drive housing and commercial growth in Delhi NCR

IFC commits $150 mn to HDFC's H-DREAM fund for green, affordable housing

The move aims to advance green affordable housing and expand sustainable financing for property developers in India

Brigade to launch 405 luxury homes in Hyderabad with ₹970 crore target

Spread over 10 acres in Moti Nagar, Hyderabad, Brigade Citadel 2 and 3 will offer premium low-rise residences and are expected to build on the success of Brigade Citadel

Shapoorji Pallonji Real Estate to build ₹800 cr residential project in Pune

VANAHA Verdant spans 10 lakh sq ft and is close to major IT hubs and key infrastructure, says company

Puravankara to redevelop 8 Mumbai societies with ₹2,100 cr GDV potential

Puravankara to begin redevelopment of eight Chembur societies in Mumbai, unlocking 1.2 mn sq ft across 4 acres and reaffirming its western region real estate strategy

Mahindra Lifespaces to redevelop Mulund West project worth ₹1,250 crore

The real estate arm of the Mahindra Group will lead redevelopment of a premium housing society in Mulund West, with proximity to Metro Line 5 and key road links

Godrej Properties acquires 14-acre land in Bengaluru for ₹1,500 cr project

Realty firm Godrej Properties Ltd has acquired 14-acre land in Bengaluru to develop a premium housing project with an estimated revenue of Rs 1,500 crore. In a regulatory filing on Monday, the company informed it will develop a premium residential project on a strategically located 14-acre land parcel in Hoskote, East Bengaluru. "The proposed development is expected to offer approximately 1.5 million square feet of saleable area with an estimated revenue potential of about Rs 1,500 crore," it added. Godrej Properties said this acquisition further solidifies the company's continued expansion in East Bengaluru. The company did not share the land acquisition cost. Gaurav Pandey, MD and CEO, Godrej Properties, said, Hoskote is an important micro market for us in East Bengaluru. It continues to demonstrate strong demand for high-quality housing and aligns with our vision of developing best-in-class residential communities." Earlier this month, Godrej Properties acquired 14-acre land i

Gujarat plans 1,500 housing units to support Tata's Dholera semicon fab

Gujarat housing units: Tata Group's upcoming ₹91,000 crore semiconductor fabrication plant in Dholera is expected to produce its first chips by December 2026

Ambuja makes 30% of cement used in infra, housing projects in India: CEO

Ambuja Cements, now a key part of the Adani Group, has surpassed 100 MTPA capacity and plans to reach 140 MTPA by FY28, driven primarily by brownfield expansions

Home loan rates may reduce to 8%: Real estate industry executives

Liquidity to benefit developers and accelerate project completion timelines, say industry executives

India housing outlook steady, but signs of demand fatigue emerging: Poll

Average home prices, which have more than doubled in 11 years, are forecast to rise 6.0 per cent this year and 5.0 per cent next year

RBI rate cut to boost sales of affordable, mid-income homes: Credai

Realtors' apex body CREDAI described the RBI decision to cut repo rate by 50 basis points as a bold step and said this will help boost sales of residential properties. Hailing the decision, CREDAI President Shekhar G Patel said the RBI decision will improve consumers' sentiment, immensely benefitting mid-income and affordable housing segments, which have been struggling in the last few years. "We welcome the RBI's decision and view it as a bold and timely step toward stimulating domestic demand," Patel said. This decision comes at a pivotal time, as India is witnessing strong real estate momentum across metros as well as Tier 2 and Tier 3 cities. "Lower lending rates will directly enhance home loan affordability, particularly in interest-sensitive categories like mid-income and affordable housing. Reduced EMIs are expected to significantly improve buyer sentiment and encourage first-time homebuyers to enter the market," Patel added. The cumulative 100 basis point reduction over t