RBI Policy: Stability in lending rates bodes well for housing sector, say realtors
The RBI’s monetary policy committee in its April meeting maintained status quo on policy rates, in line with market expectations. This move towards maintaining stability in lending rates bodes well for the real estate sector, which has been consistently growing.

Buying house to become costlier? Here's how cement price rise will affect the real estate market in India
Several reports suggest that various cement companies in India are poised to increase prices by an average of ₹10-15 per bag. In North India, the prices of 50 kg bags will see a hike of ₹10-15, while the Western region may witness an increase of ₹20 per bag. 

Realty players plan new hotels to shore up revenues
Over half a dozen top property developers, including Tata Realty & Infrastructure, Oberoi Realty, Prestige Estates , Ambuja Neotia Group and Panchshil Realty, are looking to build new hotels and also manage global hospitality brands. The business can work as a hedge against the residential segment, which is cyclical. Eastern India-based Merlin Group on Thursday announced a partnership with Indian Hotels (IHCL) for the IBIZA resort near Joka, in Kolkata. The resort will now operate under IHCL’s SeleQtions brand as “IBIZA – an IHCL SeleQtions”, Kolkata.

Godrej sells 800 flats worth Rs 2,690 cr in Mumbai project
Godrej Properties (GPL) on Friday said it has sold over 800 apartments worth Rs 2,690 crore in its project named Godrej Reserve located in the Kandivali suburb of Mumbai. 

Indiabulls Real Estate raises Rs 3,911 crore through preferential allotment
Indiabulls Real Estate to raise Rs 3,911 Cr through issuance of shares

Indian commercial realty expands footprint, continues to defy global odds

US-based PE major Blackstone says the Indian market is different from others as local companies here are expanding and require more office space.

Prestige Estates to list its hotel arm this year
Bengaluru based Prestige Estates Projects is looking to list it’s hospitality business this year, said sources in the know. “The board has given its node for the  initial public offer for the hospitality business and they are working on it, ” said sources in the know.

Govt may shelve Rs 2-trn freight corridor plan
The government is likely to abandon the plan to set up three more dedicated freight corridors (DFCs) – East Coast, East-West and North-South – at an estimated combined cost of Rs 2 trillion. The Centre may instead opt for a few commodity-specific rail networks, a senior railway official told FE on condition of anonymity.

Indian Railways on track to achieve 100% electrification with Rs 6500 cr dedicated budget in 2024-25, says officials
Indian Railways on Thursday (April 4) highlighted that a dedicated budget of Rs 6,500 crore as allocated in 2024-25 can help achieve complete electrification of the rail network. According to senior railway officials, the railways has achieved as much as 95 per cent electrification of Broad Gauge.