Browsing Tag

Housing for all

9 posts
India's booming housing sector

Maharashtra’s Revolutionary Housing Policy 2025 Approved: 35 Lakh Homes, AI Portal, Focus on Slum Redevelopment

The Maharashtra Cabinet has approved the State Housing Policy 2025, targeting 35 lakh affordable homes by 2030 with an investment of ₹70,000 crore. The policy includes a centralized AI-based housing portal, cluster redevelopment of slums, land bank creation, and dedicated housing plans for various segments including working women, students, and industrial workers. Deputy CM Eknath Shinde described it as a transformative step for housing and the state’s economic growth.

Bombay HC GST Relief Verdict Could Unlock Rs. 30,000 Cr Redevelopment Potential in Mumbai

The recent Bombay High Court ruling in the Shrinivasa Realcon case has clarified that GST does not apply to redevelopment projects where no transfer of development rights or FSI occurs. CREDAI-MCHI says this verdict could unlock over ₹30,000 crore worth of stalled redevelopment in Mumbai, urging policymakers to act swiftly on GST clarity to rejuvenate the city’s aging housing stock.
Nirmala Sitharaman to present the union budget

Developers Look to Union Budget 2025-26 for Growth-Oriented Real Estate Policies

As the Union Budget 2025-26 approaches, the real estate sector is optimistic about reforms to boost growth, address urban housing challenges, and improve homebuyer confidence. Developers advocate for raising the price cap on affordable housing, increasing PMAY allocations, providing tax benefits, and promoting sustainability initiatives to transform India’s urban landscape.
Affordable housing

Affordable Housing Crisis: Will Budget 2025-26 Turn the Tide?

India’s affordable housing segment, once a cornerstone of the real estate market, has witnessed a sharp decline, with its supply share dropping from 40% in 2018 to just 16% in 2024. Anuj Puri, Chairman of ANAROCK Group, highlights how changing buyer preferences, rising input costs, and diminishing government incentives have impacted this critical sector. With the Union Budget 2025-26 around the corner, there is hope that decisive policies and renewed focus could revive affordable housing and restore balance to the housing market.
Modi wants to build 3 crore homes for urban and rural poor

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.