The Central Government has disbursed over INR 4,200 crore to Andhra Pradesh for the much-delayed Amaravati capital city project, following the release of USD 205 million by the World Bank. This forms part of the larger funding support of USD 1,600 million jointly committed by the World Bank and the Asian Development Bank (ADB). With the Centre contributing an additional INR 1,400 crore, total funding for the first phase now stands at around INR 15,000 crore. The Amaravati capital project, long mired in political and legal uncertainty, appears set for a revival, with a formal relaunch of construction expected soon.Read more

Ghaziabad's stamps and registration department has reported a record-high revenue of INR 2,856 crore for the financial year 2024-25, driven by over 1.31 lakh property registrations. The rise, attributed to rapid urbanization and booming real estate in new zones like Raj Nagar Extension and Crossings Republik, accounts for 92% of the district's INR 3,104 crore target. Officials highlighted increased investor interest and efficient registration processes. With the upcoming Master Plan 2031 proposing extensive expansion, the city is poised for further growth in both residential and commercial development.Read more

Trichy Corporation has announced a 5% waiver on current property tax dues for the financial year 2025-2026 if paid by April 30, with a maximum incentive limit of INR 5,000. The scheme, enabled under Section 84(1) of the Tamil Nadu Urban Local Bodies Act, 1998, aims to boost timely tax collection from the city's 2.4 lakh property assessments. The civic body generates INR 137 crore annually, but struggles with INR 50 crore in arrears. Officials hope to replicate last year's 32% increase in early collections, allowing focus on recovering long-standing dues. Timely payment is strongly encouraged to avail the incentive.Read more

Housing sales are expected to rise after the RBI cut the repo rate by 25 basis points, say real estate bodies CREDAI and NAREDCO. This move is likely to lower home loan interest rates, boosting demand for affordable and mid-income homes. CREDAI President Boman Irani said the rate cut supports growth during global uncertainty and will improve affordability. NAREDCO's G Hari Babu added that cheaper loans may increase sales, reduce unsold inventory, and encourage new project launches. Commercial real estate is also set to benefit. Housing sales had dropped in early 2025 due to high prices and fewer launches, with up to 28% declines reported in major cities.Read more

The Brihanmumbai Municipal Corporation (BMC) recorded its highest-ever capital expenditure of INR 36,900 crore in FY 2024-25, reflecting a 57% surge from the previous year's outlay of INR 23,520 crore. This sharp jump in spending was primarily directed toward big-ticket infrastructure projects like the Goregaon-Mulund Link Road (GMLR), the Mumbai Coastal Road, and hospital redevelopment. Simultaneously, BMC's revenue income rose to a record INR 43,847 crore, backed by strong growth in property tax and development charges. Despite the robust financials, the civic body's fixed deposits saw a slight decline due to planned drawdowns to support its infrastructure commitments.Read more

Institutional investors are once again showing strong interest in India's residential real estate, with a sharp pivot towards mixed-use developments that combine residential, commercial, and retail spaces. Investment in this segment touched USD 191 million earlier this year, recovering from a significant drop in 2023, when inflows were limited to just USD 42 million. Major deals, including Alpha Wave Ventures' investment in Oberoi Realty and Blackstone's stake in Kolte-Patil, indicate growing confidence in the sector. The trend reflects shifting buyer preferences and urban development strategies focused on integrated, master-planned communities.Read more

India's Finance Minister Smt Nirmala Sitharaman chaired an investor roundtable in London earlier this week, drawing participation from around 60 UK-based institutional investors, including pension funds, banks, and insurance firms. The meeting spotlighted India's reform-driven economic vision, highlighting the country's robust digital economy, rapid fintech adoption, and significant strides in the financial sector. Sitharaman promoted India as a top destination for foreign investments, underlining growth potential in banking and insurance, the global standing of its securities market, and the strategic role of GIFT-IFSC. The roundtable set the stage for deeper economic cooperation ahead of the India-UK Economic and Financial Dialogue.Read more