Square Feat India

Modi wants to build 3 crore homes for urban and rural poor

Realty

PM to Inaugurate 1,675 Newly Constructed Flats for EWS in Delhi

On January 3, 2025, Prime Minister Narendra Modi will inaugurate 1,675 newly constructed flats for residents of Delhi’s JJ clusters under the In-Situ Slum Rehabilitation Project at Swabhiman Apartments. The Prime Minister will also lay the foundation for key urban and educational projects, further transforming the city’s infrastructure. These developments highlight the government’s commitment to providing better housing and sustainable living solutions for all citizens.

January 2, 2025

Realty

Key Real Estate Trends in 2024: Rapid Urbanization, Demographic Shifts, and Rising Foreign Investment

In 2024, India’s real estate market continues to thrive with robust demand in both luxury and affordable housing sectors. Manju Yagnik, Vice Chairperson of Nahar Group, highlights trends such as the rising focus on green living, increasing infrastructure investments, and urbanization. With Maharashtra’s infrastructure projects transforming the region, the year is set to close as the best in terms of real estate performance, driven by economic growth and strong fundamentals.

January 2, 2025

Realty

MahaRERA Redefines Criteria for SROs to Benefit Developers Outside MMR

MahaRERA has announced a change to its criteria for forming Self Regulatory Organisations (SROs), reducing the minimum project requirement from 500 to 200 for developers outside the Mumbai Metropolitan Region (MMR). This reform aims to provide more accessible regulatory guidance, helping developers streamline project registrations, renewals, and compliance processes across Maharashtra.

January 2, 2025

Realty

BMC Revises Interest Rates for Installment Payments on Building Permission Fees

On January 1, 2025, the Brihanmumbai Municipal Corporation (BMC) revised its installment payment policy for building permission fees, including IOD and CC. The revised policy introduces a higher interest rate of 12% per annum for fresh proposals, with increased penalties for defaults. The changes aim to ensure timely fee recovery and improve financial accountability in the city’s construction sector.

January 1, 2025

Realty

Mumbai Sees 115 Property and 868 Rental Registrations on Day 1 of 2025

On January 1, 2025, Mumbai recorded 115 property registrations and 868 rental agreements by 5 pm, marking a significant start to the year in real estate and rental activities. According to data from the Inspector General of Registration, this surge in registrations reflects a thriving property market and a high demand for rental properties in the city.