The Rajasthan Housing Board (RHB) successfully generated INR 155.62 crore through a premium property auction held earlier this week. 44 out of 60 listed properties were sold across Jaipur, Hanumangarh, Bhiwadi, and Bharatpur, with Jaipur leading at INR 132.37 crore. RHB's Housing Commissioner, Dr. Rashmi Sharma, noted strong buyer confidence, especially in premium residential and commercial properties. More auctions are planned in the coming weeks to maintain sales momentum. The success reflects Rajasthan's growing real estate market, with Jaipur emerging as the prime investment hub, while smaller cities show potential for future growth and infrastructure development.Read more

Ambuja Neotia Group has announced an investment of over INR 15,000 crore in West Bengal across real estate, healthcare, hospitality, and tourism. The company plans to develop 10.5 million sq ft of built space, including a 240-acre golf township worth INR 5,000 crore and nine real estate projects valued at INR 6,500 crore. The healthcare expansion will see five hospitals adding 1,300 beds, while seven new hotels and two convention hotels will boost tourism and business infrastructure. The investment is expected to create jobs, attract further investment, and contribute to the state's economic growth, with a focus on sustainability and smart development.Read more

The Telangana government will auction Rajiv Swagruha Corporation properties by February-end, aiming to generate INR 2,000 crore for the Indiramma housing scheme. The total value of assets exceeds INR 3,200 crore, with only legally clear properties up for sale. The auction includes 760 flats, 36 unfinished towers, 1,342 open plots, and 361 independent houses across Bandlaguda, Pocharam, Gajularamaram, Jawaharnagar, and other districts. Previous attempts to sell these 15-year-old properties under the Congress-led Rajiv Swagruha scheme faced setbacks. With new pricing recommendations, the government aims to revive underutilized real estate and boost housing initiatives.Read more

The Bihar government has set a target to provide housing for all urban residents by August 2025 under the Pradhan Mantri Awas Yojana (PMAY). Chief Secretary Amrit Lal Meena announced that 148,630 houses have been completed, with construction underway on 117,974 more. A survey to identify overlooked beneficiaries will conclude by February 2025. Financial aid schemes include INR 2 lakh for landowners and institutional housing for slum dwellers. To address engineer shortages, the state has recruited 500 junior engineers and retired experts. The initiative aims to improve urban living standards and enhance infrastructure across Bihar.Read more

MHADA has set a target to construct eight lakh homes in the next five years, focusing on affordable and rental housing, including for mill workers and dabbawalas. Deputy CM Eknath Shinde, speaking at a recent MHADA event in Thane, highlighted the strong public response to the latest housing lottery, with over 31,000 applicants for 2,100 flats and 117 plots. He emphasised the need for policy changes to support workers in Mumbai and stressed transparency in the allocation process. Additionally, the government is encouraging state agencies to take over stalled redevelopment projects in the MMR to ensure their completion.Read more

The NCLT Mumbai has approved the merger of Kingmaker Developers (KDPL) with Real Gem Buildtech (RGBPL), marking a strategic consolidation for Keystone Realtors. KDPL acquired 100% of RGBPL for INR 231.42 crore under a share purchase agreement with DB Realty on November 6, 2023. Following the merger, RGBPL will become a wholly-owned subsidiary of Keystone Realtors, replacing KDPL. The move aligns with the industry trend of mergers to enhance market presence. With the real estate sector recovering, Keystone aims to leverage RGBPL's projects and expertise to strengthen its position and drive growth.Read more

Bollywood director Subhash Ghai and his wife Mukta Ghai have purchased a luxurious 4 BHK apartment in the 81 Aureate project, located in Bandra West, Mumbai, for INR 24 crore. The 4,364 sq. ft. apartment features a built-up area of 5,239 sq. ft. and comes with three car parking spaces. The transaction included a stamp duty of INR 1.44 crore and registration charges of INR 30,000. The project has witnessed several transactions, amounting to a total value of INR 76 crore between February 2024 and January 2025. The growing popularity of luxury real estate in Mumbai, especially among Bollywood personalities, is contributing to rising property prices in the area.Read more

India's luxury housing market has witnessed an extraordinary 53% year-on-year growth in 2024, marking a significant boost to the country's real estate sector. According to CBRE's latest market report, this surge is driven by evolving consumer preferences, economic stability, and rising disposable incomes. High-end properties valued at INR 4 crore and above accounted for 9% of total residential sales in the last quarter, with Mumbai and Gurugram leading ultra-luxury transactions at 84%. Industry experts highlight that luxury homes are increasingly seen as both a lifestyle upgrade and a strategic investment. Developers across major cities, including Delhi, Mumbai, and Hyderabad, are focusing on sustainable and technology-integrated housing solutions, signalling strong future growth.Read more

Sunny Leone, actress and entrepreneur, has expanded her business portfolio by purchasing an office space for INR 8 crore in Veer Signature, a premium commercial project in Oshiwara, Mumbai. The property spans 1,905 sq ft of carpet area and includes three parking spaces, with a stamp duty payment of INR 35.01 lakh and registration fees of INR 30,000. Registered in February 2025, the office was acquired from Aishwarya Property and Estates. Veer Signature has attracted Bollywood stars like Amitabh Bachchan and Ajay Devgn, reflecting the growing trend of celebrity investments in Mumbai's commercial real estate.Read more

The Maharashtra government is intensifying its push under the Pradhan Mantri Awas Yojana (PMAY), focusing on landless and homeless beneficiaries. At a Konkan Division review meeting, Minister Jayakumar Gore emphasised swift approvals and transparent beneficiary lists at Gram Panchayat offices. Chief Minister Devendra Fadnavis is overseeing construction speed and quality. Additionally, self-help groups are being strengthened for livelihood support. Minister Yogesh Kadam stressed physical inspections to ensure timely fund distribution. The government is also evaluating tribal and pilgrimage development schemes, aiming for comprehensive rural progress through efficient resource management and community involvement.Read more