Rajasthan Housing Board land price hike spurs real estate rate surge

31 Jan 2024 CW Team

In a move that is expected to impact the real estate market, the Rajasthan Housing Board has announced a significant increase in land prices effective January 1. The decision is anticipated to have a cascading effect, leading to a surge in real estate rates across the region.

The Rajasthan Housing Board, a key player in the state's housing and urban development sector, raised land prices as part of its strategic initiative to address economic considerations and balance the real estate landscape. This move is likely to influence property developers, potential homebuyers, and existing homeowners alike.

The adjustment in land prices by the housing board is a response to various factors, including the prevailing economic conditions, market demand, and the need for sustainable urban development. The ripple effect of this decision is expected to manifest in increased property prices, impacting both residential and commercial real estate transactions.

Industry analysts are closely monitoring the situation, predicting that the rise in land prices will lead to a proportional surge in real estate rates. Stakeholders are advised to stay informed about these developments and adjust their strategies accordingly in response to the evolving market dynamics.

As the real estate sector braces for these changes, stakeholders and investors are urged to keep a watchful eye on the evolving market conditions and adapt their strategies to navigate the potential challenges and opportunities that may arise in the wake of the Rajasthan Housing Board's decision.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..