Browsing Tag

Affordable housing

121 posts
MHADA

MHADA Floats Tender for Redevelopment of Jogeshwari’s PMGP Colony; Residents to Receive 450 Sq. Ft. Homes

MHADA has initiated the tender process for the long-pending redevelopment of PMGP Colony in Jogeshwari (East), Mumbai. Nearly 1,000 families living in 180 sq. ft. units will soon be rehabilitated into modern 450 sq. ft. homes. After delays with a private developer, MHADA will now execute the project through an EPC contractor over the next three and a half years.

MHADA Floats Tender for Kamathipura Redevelopment

MHADA has launched the long-awaited Kamathipura Cluster Redevelopment Project, covering 34 acres in South Mumbai. The plan includes the rehabilitation of over 8,000 tenants and 800 landowners and will transform the area with new housing, commercial spaces, and infrastructure. The initiative, approved under DCPR 2034 Regulation 33(9), aims to create an “Urban Village” with modern living amenities and secure housing for residents.
RBI

Homebuyers Rejoice: RBI’s 50 bps Rate Cut Lowers EMIs, Boosts Affordable Housing Prospects

In a significant move for homebuyers, the RBI has cut the repo rate by 50 bps to 5.5%, making home loans cheaper and boosting affordability in the affordable and mid-income housing segments. Developers and industry leaders welcome the decision, expecting renewed demand and faster project execution.
India’s top 8 metros doubled their built-up footprint to 4,308 sq. km. in 30 years. Pune recorded the highest growth at 332%, while Delhi NCR added the most land—400 sq. km.—making it the largest metro footprint in the country.

Homebuyers May Get EMI Relief Soon as Experts Predict RBI Repo Rate Cut in June MPC Meet

With inflation easing and the economic outlook stable, all eyes are on the RBI’s June 2025 MPC meeting, where experts anticipate a 25 basis point repo rate cut. If passed, this would mark the third cut in a row, potentially slashing EMIs and providing relief to homebuyers—especially in affordable and mid-income segments—while stimulating demand in the real estate market.
MHADA

MHADA Price Cut: 6,248 Kalyan Flats Now Cheaper for EWS Homebuyers

In a major relief for economically weaker sections, MHADA’s Konkan Board has significantly reduced the sale prices of 6,248 flats in Kalyan’s Shirgaon and Khoni. These homes, part of the “First Come, First Served” scheme, will now be over ₹1 lakh cheaper, making home ownership more accessible.