The Maharashtra government, under Chief Minister Fadnavis, is set to introduce groundbreaking policies aimed at empowering housing societies to take charge of their development. This initiative aims to improve living conditions and streamline the manageme
Housing PoliciesSelfdevelopmentMaharashtraChief Minister FadnavisResidential ComplexesReal Estate NewsMar 24, 2025
The new policies introduced by the Maharashtra government aim to empower housing societies to take charge of their own development and management. This includes financial incentives, technical assistance, and legal guidance to help housing societies improve their infrastructure and living conditions.
The new policies are being spearheaded by Chief Minister Fadnavis of the Maharashtra government.
Housing societies will receive financial incentives such as grants and low-interest loans to help cover the costs of infrastructure improvements, including renewable energy systems, community amenities, and waste management solutions.
Technical assistance will include training programs for residents on project management, construction techniques, and sustainable development practices. This will help build a skilled and knowledgeable community capable of managing their own development and maintenance.
The government will need to establish mechanisms to ensure that financial and technical support is distributed fairly among all housing societies, providing equal opportunities for participation in self-development initiatives.
Vizag and Tirupati have been identified as two of the 17 high-potential real estate hotspots in India, with Visakhapatnam expected to experience accelerated growth across various asset classes.
Maharashtra is making significant strides in its green energy transition with the establishment of Blue Energy Motors' new electric truck plant. This initiative aims to reduce carbon emissions and promote sustainable transportation solutions.
Pune: Suryadatta Institutes of Management, a leading educational institution in Pune, has been ranked 32nd among the top 50 B-Schools in India. This achievement highlights the institute’s commitment to excellence in management education and its focus on p
Small developers are facing significant challenges amid the rapid growth of luxury real estate in cities like Gurugram. With high-end projects becoming the norm, smaller players are finding it increasingly difficult to compete.
India's luxury housing market continued its upward momentum in Q1 2025, with sales of high-end homes priced above US$ 464,594.80 recording a significant 28% year-over-year growth. This robust performance is a testament to the resilience and demand in the top seven cities.
The residential real estate market in India's top seven cities has witnessed a 12% decline in housing sales in the first quarter of 2025, according to a recent report by JLL. The shift in buyer preferences towards properties priced above ₹1 crore is a key factor driving this trend.