With the new government in place and the Master Plan Delhi 2041 on the horizon, the real estate market in Delhi-NCR is witnessing a significant surge, with housing sales expected to cross Rs 1 lakh crore in 2024, outpacing Mumbai and Hyderabad.
Real EstateHousingDelhincrMpd 2041InfrastructureReal Estate MumbaiMar 11, 2025
Delhi-NCR is expected to achieve Rs 1 lakh crore in housing sales in 2024.
The Master Plan Delhi 2041 (MPD 2041) is a comprehensive plan aimed at promoting sustainable urban development, improving infrastructure, and enhancing the quality of life for residents in Delhi-NCR.
The government has introduced initiatives such as the Pradhan Mantri Awas Yojana (PMAY) to make homeownership more accessible to a broader segment of the population and boost the construction of affordable housing units.
The expansion of the Delhi Metro and the construction of new roads and highways have significantly improved connectivity, making it easier for residents to commute and access essential amenities, thus increasing the attractiveness of various locations in Delhi-NCR for both residential and commercial purposes.
The main challenges include ensuring affordable housing for low-income groups and addressing the environmental impact of rapid urbanization. The implementation of sustainable development policies such as those outlined in the MPD 2041 is crucial to overcoming these challenges.
Deepika Padukone's KA Enterprises invests INR 17.78 crore in luxury apartment in Bandra West, Mumbai, highlighting the ongoing demand for luxury properties in prime locations.
Gulam Zia, the Senior Executive Director at Knight Frank India, points out that recent price increases in markets like Mumbai and NCR are unwarranted, while the lower-end segment remains stable.
In a recent report by Knight Frank India, Pune witnessed a significant drop in property registrations, recording 13,371 registrations in November 2024, a decline of 11% compared to the previous month.
Mumbai, a city rich in history and architectural heritage, has seen the sale of another iconic property. The Laxmi Niwas bungalow, which played a significant role during the Quit India Movement, has been sold, marking a significant moment in the city's re
The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a fine of Rs. 13.74 lakh on a builder in Hyderabad for using an improper agreement of sale, which misled homebuyers. This action underscores the authority's commitment to ensuring transparency and fairness in the real estate market.
Pune: The Pune Municipal Corporation (PMC) has taken strict action against Deputy Commissioner Madhav Jagtap for alleged mismanagement in the city's development projects. The decision highlights the corporation's commitment to maintaining transparency and accountability.