IndustryLatest Stories

Centre Invites RWAs, Private Players for Urban Projects

NEW DELHI: Resident welfare associations (RWAs), real estate developers, and private entities are now empowered to initiate civic projects, such as water and sanitation, thanks to the newly launched Urban Challenge Fund by the Centre. Civic and urban development projects are no longer exclusively the responsibility of financially constrained municipalities. Multiple RWAs can collaborate to address civic issues by forming a group, devising a project proposal, and submitting it to local civic agencies. If a developer’s high-end apartment complex faces waterlogging on access roads, they can propose and execute a project outside the colony. This new strategy, facilitated by the…

Latest StoriesResidential

Residential Sales Growth to Hold Steady at 10-12%: ICRA

NEW DELHI: Residential real estate developers are projected to achieve stable sales growth of 10-12% in the current and upcoming financial year, as housing demand normalizes after a three-year post-pandemic recovery, according to an ICRA analysis. This growth is anticipated to stem from a combination of 5-7% volume increase and 4-6% escalation in average prices, supported by decreasing interest rates, improved affordability, and sustained demand for premium and luxury homes. ICRA’s findings are based on a sample of 75 developers, representing about 35% of residential sales nationwide. Over the three financial years leading up to FY2025, residential sales exhibited a…