Developers bank on GDP growth to push future home sales

01 Sep 2021 CW Team

Mumbai builders are queuing up to take advantage of the development premium discount offered by the state government. Industry leaders talk to E Jayashree Kurup that they are confident this large volume of stock, which will hit the market in the next 3-4 years, will continue to fly off the shelves as new segments of the economy emerge from the slowdown.

Has the over 47,000 homes sold in the MMR (Mumbai Metropolitan Region) from July 2020 to March 2021 taken the edge off the buyer's appetite? Will the upto 50% discount on development premiums lead to a massive amount of stock which could create a glut in the market?

Developers in Maharashtra had already received a shot in the arm when the state government dropped stamp duty rates to 2% till December 2020 and to 3% till March 2021. As a result of this incentive, home buying shot up. Mumbai, along with Pune, accounted for over 45% of houses sold in India between January and June 2021, according to a Knight Frank report.

Click here to know more…

Infrastructure Urban

30 Oct 2025

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..