314 Housing Projects in Maharashtra Facing Insolvency

A total of 314 housing projects in Maharashtra are undergoing insolvency proceedings, prompting MahaRERA to release a public list to safeguard homebuyers. The ongoing, lapsed, and completed projects have significant investments at stake, highlighting the need for transparency and informed decision-making in the real estate sector.

MHADA Pune Board Announces Lottery for 6,294 Homes

The Pune Housing and Area Development Board has announced an online lottery for 6,294 housing units, set to take place on December 5, 2024. Registration opens on October 10, 2024, with multiple schemes available to benefit prospective homeowners.

MHADA issues Tender for Abhyudaya Nagar Redevelopment

The Mumbai Board of MHADA has released a tender for the redevelopment of Abhyudaya Nagar Colony, following government approval. This project aims to improve living conditions for approximately 15,000 residents, offering modern amenities and expanded living spaces after years of delays.

Repo Rate Unchanged – Housing Set for Festive Season

The Reserve Bank of India has kept the repo rate unchanged at 6.5%, a decision viewed as pivotal for the housing market during the upcoming festive season. With rising property prices and declining sales, this stability in borrowing costs is expected to encourage homebuyer activity and support the overall growth of the real estate sector.

Arkade Developers Achieves INR 115 Crore in Sales from Arkade Views and Arkade Vistas Within 24 Hours of Launch

Arkade Developers Limited has achieved a remarkable INR 115 crore in sales from their new projects, Arkade Views and Arkade Vistas, within just 24 hours of launch. Located in Goregaon East, these eco-friendly developments offer modern living with breathtaking views of Aarey greens and exceptional amenities.