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real estate news India

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Foreign universities in India could save US$113 billion in forex, serve over 560,000 students and create 19 million sq ft of education real estate demand, says a Deloitte–Knight Frank report.

Mumbai Redevelopment to Unlock 44,000+ Homes Worth ₹1.3 Trillion by 2030

Mumbai’s housing landscape is set for a major transformation with over 44,000 homes worth ₹1.3 trillion expected through society redevelopment by 2030. Suburban corridors lead with 96% of deals, while the state government eyes over ₹20,800 crore in revenue.

Puravankara Secures Malabar Hill Redevelopment Project Worth ₹2,700 Crore

Puravankara Limited, through its subsidiary Purva Blue Agate Pvt Ltd, has secured the redevelopment rights for a 1.43-acre society in Malabar Hill. With a development potential of 0.7 million sq. ft. and a GDV of ₹2,700 crore, the project will deliver new luxury homes to existing residents and create premium inventory for sale. This marks Puravankara’s second major South Mumbai redevelopment after Breach Candy’s Miami Apartments, expanding its city portfolio to 4.25 million sq. ft. with a GDV potential of ₹10,500 crore.
The GST Council’s landmark reform slashes tax rates on cement and key construction materials from September 22, 2025. Homebuyers stand to gain as lower input costs reduce project expenses by 3–5%, boosting affordability in the mid-income and budget housing segments. Experts including Anuj Puri (ANAROCK) and the Cement Manufacturers’ Association hail the move as transformative, with potential to revive demand and accelerate project launches ahead of the festive season.

Homebuyers to Benefit as GST on Cement, Building Materials Cut From Sept 22

The GST Council’s landmark reform slashes tax rates on cement and key construction materials from September 22, 2025. Homebuyers stand to gain as lower input costs reduce project expenses by 3–5%, boosting affordability in the mid-income and budget housing segments. Experts including Anuj Puri (ANAROCK) and the Cement Manufacturers’ Association hail the move as transformative, with potential to revive demand and accelerate project launches ahead of the festive season.
A new PropEquity report shows housing sales in India’s top 15 tier-2 cities fell 4% YoY in Q3 2025, while new launches declined 10%. Despite the slowdown, sales value rose 4%, reflecting a shift toward premium housing. Ahmedabad led in volumes, while Bhubaneshwar recorded the sharpest fall.

Home Sales in July 2025: Hyderabad Buyers Go Premium, Pune Stays Affordable

July 2025 saw two contrasting housing trends: Hyderabad buyers went premium, pushing prices higher despite fewer sales, while Pune recorded strong affordable demand with more than 14,600 homes sold.
Mumbai’s August 2025 property registrations fell to 11,230 and stamp duty to ₹1,000 crore, down 11% and 19% month-on-month. The dip signals a demand pause ahead of the festive season, with pricing and offers set to decide the next leg.

Mumbai Among World’s Top Prime Housing Markets, Ranks 6th Globally

Mumbai has emerged as one of the world’s hottest luxury housing markets, ranking 6th globally in Knight Frank’s latest Prime Global Cities Index Q2 2025. With 8.7% annual growth in prime property prices, the city is riding on infrastructure upgrades and strong wealth-driven demand, placing India firmly on the global luxury real estate map alongside Bengaluru and Delhi.