affordable housing

Banks are urging the government to redefine affordable housing by updating property value and size thresholds to account for inflation and rising interest costs. Current limits, set years ago, no longer reflect the market realities, impacting the accessibility of homeownership for many.

Odisha leads the nation in completing houses under Pradhan Mantri Awas Yojana-Urban (PMAY-U 2.0), consistently securing the top spot since March 2025. The state has achieved significant progress, with 2,008 houses completed and many more underway. This success is credited to strong coordination and swift execution, with officials aiming to finish remaining projects ahead of schedule.

Move To Boost Redevelopment; Developers May Get 3+ FSI, More Land

Move To Boost Redevelopment; Developers May Get 3+ FSI, More Land

Panipat is emerging as a new township center in North India, driven by its strategic location near Delhi, robust industrial base, and evolving consumer aspirations. Integrated townships are transforming residential living, offering planned communities with modern amenities. This value-driven growth, characterized by affordability and improving connectivity, positions Panipat as an ideal property destination with significant investment potential.

A young couple's struggle to buy a home in Bangalore, despite dual incomes, contrasts sharply with their swift purchase of a three-bedroom house in the UK on a single salary. The viral X post highlights India's 'broken' real estate market, marked by exorbitant prices and a lack of transparency, while the UK offered affordability and a smooth, honest buying process.

Uttar Pradesh's Ganga Expressway, a 594 km corridor from Meerut to Prayagraj, is poised to revolutionize the state's economy and real estate. This infrastructure marvel promises enhanced connectivity, attracting industries and creating jobs. New micro-markets are emerging, offering significant investment opportunities across 12 districts, with property prices expected to surge.

Silicon Valley's real estate is witnessing a stark divide, fueled by the AI boom. Luxury homes are soaring in value, while lower-end properties are declining. This trend, unlike in other major cities, highlights a 'K-shaped economy' where AI wealth benefits a select few, leaving many salaried workers struggling with affordability and job security concerns.

affordable housing sales plummeted 23% in early 2026, with builders citing rising costs and shifting demand towards pricier properties. While mid-range segments also saw dips, luxury homes experienced significant growth. Overall housing sales declined 4%, impacted by high prices and global uncertainties, indicating growing affordability pressures.

Kochi Assembly, a vibrant urban seat in Ernakulam, is currently held by CPI(M)'s K.J. Maxy since 2016. This constituency, encompassing parts of Kochi Municipal Corporation and gram panchayats, faces challenges like urban flooding, waste management, and traffic congestion. Fisherfolk welfare and heritage preservation are also key concerns for its diverse electorate.

NAREDCO Delhi's meet focused on the "TOD – Changing Delhi’s Skyline" policy, highlighting its potential for massive urban redevelopment around metro corridors. Experts discussed how this policy, with enhanced FAR norms and streamlined approvals, can boost housing supply, affordability, and create connected, sustainable urban communities, transforming Delhi's future growth.

A Mumbai woman's claim of living alone on ₹18,000 monthly has sparked a viral debate online. Her reported ₹11,500 rent for a 1RK, along with other modest expenses, has drawn skepticism and disbelief from many users questioning its feasibility in the city. The conversation highlights differing perspectives on Mumbai's cost of living.

Mumbai's housing lottery has drawn immense interest. The Maharashtra Housing and Area Development Authority received over 16,400 applications for 2,640 homes. This highlights the persistent shortage of affordable housing in India's financial capital. The lottery draw is scheduled for May 15. Homes are available across Mumbai, catering to various income groups.

Bhubaneswar Development Authority (BDA) has resumed its large-scale eviction drive in Shampur, reclaiming eight acres of government land previously encroached upon by land mafias. The operation, which saw 187 houses demolished, aims to facilitate an affordable housing project. Officials emphasized the legal process followed and vowed to continue until all encroachments are cleared for planned city development.