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The Latest

Metro 2B DN Nagar to Mandale Project Sees ₹248 Crore Cost Escalation; Contractors Fined for Delays

The construction cost of Mumbai Metro 2B (DN Nagar to Mandale) has risen by ₹248 crore, reaching ₹3,304.83 crore. Delays in the project have led to penalties totaling ₹1.92 crore for contractors. RTI activist Anil Galgali highlighted concerns over cost overruns and project extensions, with completion now pushed to June 30, 2025.
  • January 31, 2025
Nirmala Sitharaman to present the union budget

Budget 2025 and Its Impact on Foreign Investments in the Luxury Housing Sector

Budget 2025 is expected to introduce key reforms in FDI regulations, tax incentives, and REITs, enhancing foreign investment in India’s luxury housing sector.
  • January 31, 2025
Mumbai property market growth Navratri 2024

Property Prices Surge Across India’s Prime Residential Markets in 2024 Amid Rising Costs

Property prices in India’s prime residential markets saw a significant rise in 2024, with Delhi NCR experiencing a 49% YoY surge. The increase is driven by demand for luxury homes, escalating costs of building materials, and labor. Other cities like Mumbai, Bengaluru, and Pune also reported double-digit price growth. Despite a slowdown in Hyderabad, the overall trend highlights a growing demand for high-end properties, especially in key markets like Delhi NCR. However, the surge raises concerns about affordability, prompting calls for policy adjustments to ensure broader access to housing.
  • January 30, 2025

Panasonic Life Solutions India Acquires ₹160 Crore Land Parcel in Andheri East, Mumbai

Panasonic Life Solutions India Pvt. Ltd. has acquired a ₹160 crore land parcel in Andheri East, Mumbai. The deal, registered in January 2025, reflects the city’s booming commercial real estate market. This acquisition strengthens Panasonic’s presence in India’s electrical construction industry, while Mumbai’s ongoing infrastructure developments continue to attract major investments.
  • January 30, 2025
MHADA

MHADA to Build One Lakh Homes in Two Years Under Maharashtra’s Affordable Housing Initiative

Maharashtra government, through MHADA, is set to develop one lakh affordable homes statewide within two years. The initiative includes rental housing, hostels, and eco-friendly redevelopment. A recent Pune Board lottery for 3,662 homes received overwhelming participation, reaffirming public trust in MHADA’s transparent allocation system.
  • January 29, 2025