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Hyderabad housing sales slump amid oversupply

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    Hyderabad housing sales slump amid oversupply
    Hyderabad housing sales slump amid oversupply

    Hyderabad’s once-thriving real estate market is now witnessing its sharpest correction in nearly a decade, with property sales plummeting between 38 and 43 per cent over the last three quarters—marking the steepest fall among India’s top nine cities.

    A recent report by PropEquity attributes this downturn to a severe demand-supply mismatch and a glut of high-ticket residential launches that far outpace genuine buyer interest. With inventory overhang stretching to 20 months, the city’s housing sector is struggling to offload unsold stock, especially in the premium and luxury segments.
    The downturn is particularly stark in upscale localities like Kokapet, where aspirational projects such as Poulomi Palazzo and SAS Crown introduced Hyderabad’s tallest residential towers. Despite their skyline-defining ambitions, these projects now symbolise the speculative excess that has burdened the city’s housing market. Property listings of 12,000 to 15,000 sq. ft. have few takers, with asking prices between ₹5 crore and ₹7 crore attracting limited interest. “Buyers in Hyderabad, unlike Mumbai, are not conditioned to large-ticket homes. The jump in scale and cost post-pandemic has alienated the core user base,” said a top executive from a housing finance firm.

    From 2021 to 2023, annual new supply jumped from an average of 25,000 units to nearly 90,000 units, according to PropEquity data. This sudden increase, driven by post-COVID enthusiasm and unrestricted Floor Space Index (FSI) regulations, led developers to construct larger and taller buildings, anticipating continued demand. However, the surge in inventory was not matched by end-user interest, as many IT professionals—the city’s backbone workforce—found themselves priced out of the luxury bracket.Adding to the market’s fragility is a high share of speculative buying. Experts estimate that between 30 to 35 per cent of Hyderabad’s housing activity is driven by investors and short-term speculators, making the market prone to volatility. Only the National Capital Region (NCR) shows a similar pattern of speculative intensity. “Speculators bought into the hype, but real user demand has remained consistent and modest. The mismatch is stark,” said a leading property consultant.

    The office segment, once Hyderabad’s stronghold, is also reflecting cracks. Despite 59 million sq. ft. of new completions since 2020, only 48.5 million sq. ft. has been absorbed. Vacancy now stands at a staggering 28 million sq. ft.—the highest among India’s top seven cities. As a result, many private equity players are eyeing the Hyderabad market for potential distress buys, anticipating opportunities in a cooling asset climate.
    While some market watchers remain cautiously optimistic, others warn that unless pricing corrects further and new supply is curtailed, Hyderabad could face a prolonged slump. “These are early signs of a correction cycle,” said Vivek Rathi, Head of Research at Knight Frank India. “Luxury oversupply has happened in other cities too. The question is how quickly the market adapts.”As the city grapples with inflated pricing, oversized inventory, and limited affordability, the situation serves as a wake-up call for urban planners and developers alike. A more equitable and sustainable housing approach—grounded in real user demand, green development norms, and inclusive pricing—could help Hyderabad realign its urban growth story before confidence erodes further.

    Also Read :Buying Your First Home Feels Like a Big Leap

    Hyderabad housing sales slump amid oversupply

    Bandra Supreme ArtHouse Closes Rs 174 Crore Deal in Luxury Market

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      Bandra Supreme ArtHouse Closes Rs 174 Crore Deal in Luxury Market
      Bandra Supreme ArtHouse Closes Rs 174 Crore Deal in Luxury Market

      Supreme Universal has successfully closed a Rs 174 crore deal at its flagship ultra-luxury project, Supreme ArtHouse.

      Located on the prestigious Carter Road, this exclusive sea-facing duplex has been acquired by Sarvesh Singh, Executive Director of Alkem Laboratories. The purchase of this 12,148 sq. ft. duplex, spread over two entire floors, has not only set a new benchmark for luxury residences in Bandra but has also redefined the standards of exclusivity and opulence in the city’s western seafront. The transaction attracted a stamp duty of ₹10.44 crore, underlining the significant financial commitment involved in such high-end real estate dealings. With views of the Arabian Sea on three sides, the property offers unparalleled privacy and an environment of serenity, making it one of the most coveted residences in Mumbai.

      Strategically positioned at the corner of Carter Road, Supreme ArtHouse exemplifies the pinnacle of luxury living. With only one apartment per floor, the development ensures a rare level of privacy and spaciousness, catering to the high-end segment of discerning buyers. The sea-facing duplex blends timeless elegance with cutting-edge architectural design, capturing the essence of ultra-luxury. This monumental transaction signals the increasing desirability of Bandra as a location for high-net-worth individuals seeking exclusive living spaces. The development, known for its bespoke designs and precision-driven architecture, has further cemented Supreme Universal’s position as a leading developer in the high-end residential market. The developer’s ability to craft landmark residences in prime locations, particularly in Mumbai and Pune, has earned it a reputation for delivering homes that transcend luxury, offering an unparalleled living experience.

      Sunny Bijlani, Joint Managing Director of Supreme Universal, expressed, “We understand the ultra-luxury segment deeply – from refined design sensibilities to the distinct preferences of today’s discerning customer. While such high-value transactions are often associated with South Mumbai or Worli, this deal at Supreme ArtHouse is the largest of its kind on the Bandra seafront. Ultra-luxury is not just a segment for us; it defines our core values and approach to real estate development.” The deal highlights the growing prominence of Bandra in Mumbai’s competitive luxury real estate sector, where properties that offer scenic views, architectural innovation, and exclusivity are becoming increasingly sought after.

      Supreme ArtHouse’s unique location and unmatched design make it a standout in the highly competitive luxury property market, pushing the boundaries of what is possible in Mumbai’s luxury residential space. As Mumbai continues to evolve, with premium developments like Supreme ArtHouse at the forefront, the city’s real estate sector shows no signs of slowing down. In an era where luxury and sustainability are paramount, such developments not only represent the pinnacle of modern living but also set the tone for the future of eco-conscious, high-end urban residences.

      “We understand the ultra-luxury segment deeply – from refined design sensibilities to what today’s discerning customer truly desires,” said Sunny Bijlani, Joint Managing Director, Supreme Universal. “While such transactions are more commonly seen in South Mumbai or Worli, this deal marks the largest of its kind on the Bandra seafront. At Supreme Universal, ultra-luxury is not just a segment – it’s our core strength and identity.”

      Bandra Supreme ArtHouse Closes Rs 174 Crore Deal in Luxury Market

      CREDAI Karnataka Appoints New President with Vision for Sustainable Growth

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        CREDAI Karnataka Appoints New President with Vision for Sustainable Growth
        CREDAI Karnataka Appoints New President with Vision for Sustainable Growth

        The Confederation of Real Estate Developers’ Associations of India (CREDAI) Karnataka chapter has ushered in a new era with the appointment of Bhaskar T Nagendrappa as its President for the 2025-2027 term.

        In a strategic move aimed at propelling the state’s real estate sector into its next phase of growth, Nagendrappa takes over from the outgoing leader, bringing a wealth of experience and a fresh outlook to the table. His leadership promises to address some of the key challenges faced by the industry while driving innovation and sustainable development across Karnataka. The appointment marks a pivotal moment for CREDAI Karnataka, a crucial player in the state’s booming real estate sector. Nagendrappa is no stranger to the challenges and opportunities within the industry, having previously served as President of CREDAI Bengaluru (2021-2023) and as the President Elect of CREDAI Karnataka. His deep understanding of the real estate landscape, combined with his national experience as Chairman of the Skill Development Committee at CREDAI National, positions him uniquely to lead the charge toward transforming the local real estate scene.

        The appointment comes at a time when the state is grappling with rapid urbanisation, housing demands, and the pressing need for sustainable development. Under Nagendrappa’s leadership, CREDAI Karnataka is expected to play a central role in addressing these issues. His focus will be on fostering sustainable growth, strengthening collaboration among stakeholders, and enhancing the transparency of the sector, all of which are seen as critical to advancing the region’s economic and urban transformation. A core component of Nagendrappa’s vision is the emphasis on sustainability, a principle that aligns with global trends towards reducing environmental footprints and building more eco-friendly cities. As the real estate sector faces mounting pressure to reduce its impact on the environment, Nagendrappa has committed to ensuring that sustainable practices are at the forefront of development projects across the state. This will include advocating for greener construction methods, the integration of renewable energy solutions, and stricter adherence to environmental regulations.

        In addition to sustainability, collaboration and innovation will be central pillars of the leadership approach. Nagendrappa aims to bridge gaps between developers, government bodies, and other key stakeholders in the real estate ecosystem. By creating more collaborative spaces, he believes the industry can be more effective in responding to the challenges of urbanisation, housing shortages, and infrastructure deficits. Another critical element of Nagendrappa’s agenda is the push for greater transparency in the real estate sector. He has expressed the need for better regulation and ethical practices in an industry that has long faced criticism for its lack of accountability. He has committed to setting a new standard of ethics and professionalism within the real estate development community, ensuring that both developers and consumers benefit from a more open and transparent ecosystem.

        Karnataka is poised for rapid growth, and the real estate sector will play a critical role in realising the state’s full potential. Nagendrappa’s leadership is expected to drive projects that not only meet the demand for housing but also contribute to the creation of equitable urban spaces. His leadership is particularly significant in Bengaluru, the state’s capital, which is facing an acute housing crisis, particularly in the affordable and middle-income housing segments. The challenge is further compounded by the need to provide quality housing that adheres to the principles of affordability, gender neutrality, and equity. By pushing for policies that promote affordable housing and supporting projects that address the needs of diverse populations, Nagendrappa aims to make Karnataka a model for balanced urban development in India.

        Nagendrappa has outlined that one of his key goals is to integrate data-driven decision-making in the development of real estate projects. CREDAI Karnataka is set to introduce advanced data analytics systems to better track housing demand, building quality, and sustainability metrics. These systems will allow developers to align their projects more closely with market needs, ensuring that new developments meet the expectations of homebuyers while maintaining a focus on environmental goals. A strong believer in skilling and capacity building, Nagendrappa has committed to enhancing the skillsets of construction workers across Karnataka. As part of CREDAI’s national agenda, a robust training and development programme will be launched, aiming to upskill 10 lakh workers within the next five years. This initiative is aligned with the goal of creating a skilled workforce that can handle the demands of modern real estate projects, particularly those that focus on sustainability and eco-friendly construction.

        Additionally, Nagendrappa has underscored the importance of customer satisfaction in the real estate process. Developers must increasingly focus on delivering quality homes on time and meeting the expectations of consumers who are more informed and discerning than ever before. He has highlighted that the industry must evolve to ensure that customer grievances are addressed promptly, ensuring high levels of trust and satisfaction. The leadership transition also brings a renewed commitment to collaborative governance within the real estate sector. Nagendrappa has stated that CREDAI Karnataka will continue to advocate for better policies and regulations that make it easier to do business in the state. By working closely with government bodies, urban planners, and other stakeholders, CREDAI aims to help create an environment conducive to business growth while ensuring that developments align with public needs and sustainable goals.

        Among the other key office bearers of CREDAI Karnataka are the Vice Presidents, Secretary, and Treasurer, all of whom are integral to ensuring the smooth functioning of the organisation. With these changes, CREDAI Karnataka is set to become a more dynamic and forward-thinking organisation, paving the way for a sustainable and equitable future in the real estate sector.

        Also Read : CREDAI New President Champions Sustainability and Housing Reform

        CREDAI Karnataka Appoints New President with Vision for Sustainable Growth

        CREDAI New President Champions Sustainability and Housing Reform

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          CREDAI New President Champions Sustainability and Housing Reform
          CREDAI New President Champions Sustainability and Housing Reform

          The newly appointed President of the Confederation of Real Estate Developers’ Associations of India (CREDAI), Shekhar Patel, has outlined a comprehensive and forward-thinking agenda.

          Taking the reins of the organisation on April 18, Patel has committed to pushing the real estate sector towards carbon neutrality by 2050, launching large-scale reforestation drives, skilling millions of construction workers, and promoting more transparent and data-driven business practices. With the real estate sector poised to play a pivotal role in India’s socio-economic development, these ambitious goals promise to transform not only the industry but also the way in which urban spaces are planned, developed, and inhabited. CREDAI, a significant force in India’s real estate sector, represents over 13,000 developers across 230 city chapters in 21 states. Its newly appointed President’s vision marks a shift in the industry towards sustainability and inclusivity, aligning with India’s broader climate goals and the national development aspirations of ‘Viksit Bharat’ by 2047. Under Patel’s leadership, CREDAI has set its sights on making substantial strides towards carbon neutrality, with a key emphasis on green and eco-friendly building practices that reduce environmental impact. This direction aligns with the increasing global focus on climate change and the need for industries to contribute to a sustainable future.

          One of the key pillars of Patel’s agenda is carbon neutrality by 2050. With the construction sector being a major contributor to carbon emissions, the push towards sustainable, energy-efficient building practices is more critical than ever. CREDAI has already started taking steps towards this goal by encouraging developers to adopt green technologies and sustainable materials. Patel’s roadmap includes facilitating widespread adoption of renewable energy systems in real estate projects, such as solar energy, and promoting the use of energy-efficient building designs. Additionally, CREDAI has announced plans to launch a large-scale reforestation drive. This initiative is expected to help mitigate the environmental impact of urbanisation, which is often marked by the loss of green spaces. The drive is in line with global best practices of integrating nature into urban development and aims to combat deforestation while simultaneously improving air quality and providing residents with more green spaces to enjoy.

          Another major focus area for Patel is skilling India’s vast construction workforce. Recognising the crucial role that skilled labour plays in the development of India’s infrastructure, CREDAI has set a goal to train and upskill 10 lakh workers within the next five years. This initiative will not only improve the quality of work in the construction industry but also ensure that workers are equipped to operate in a rapidly evolving sector that increasingly relies on technological innovation. To further streamline and modernise the real estate sector, CREDAI also plans to establish a data analytics centre. This centre will provide real-time insights and business intelligence to developers, helping them make more informed decisions. Through the CREDAI app, developers will gain access to critical data that can guide them in optimising their project designs, understanding market trends, and reducing operational inefficiencies. By embracing digitalisation, CREDAI is positioning itself as a forward-looking organisation that understands the importance of data in driving decision-making in the modern economy.

          Alongside these sustainability and technological initiatives, CREDAI is also focusing on critical housing reforms. Patel has highlighted the need for a revision in the definition of affordable housing. The current criteria are often seen as limiting and failing to meet the diverse needs of India’s growing urban population. CREDAI plans to advocate for more inclusive policies that make housing more accessible to a broader section of society, including low-income groups and first-time homebuyers. These reforms are aimed at not just increasing the supply of affordable housing but also improving the quality and sustainability of such developments. In line with the broader vision of making urban India more liveable, Patel has committed to promoting greater ease of doing business within the real estate sector. This includes advocating for policy reforms that simplify approval processes, reduce regulatory bottlenecks, and encourage private sector participation in urban infrastructure development. With a greater focus on making the sector more investor-friendly, CREDAI aims to unlock the potential of India’s real estate market, which is one of the fastest-growing globally.

          While the goals outlined by CREDAI’s new President are ambitious, they are also timely. The real estate sector in India is at a critical juncture. With urban populations growing rapidly, the demand for housing, infrastructure, and sustainable cities is on the rise. It is essential that the sector adapts to these challenges while keeping environmental and social considerations at the forefront. Patel’s agenda signals that CREDAI is ready to take the lead in addressing these challenges and steering the sector towards a more sustainable and inclusive future. This proactive approach comes at a time when India is experiencing rapid urbanisation, with millions of people migrating to cities in search of better economic opportunities. The pressure on urban infrastructure, including housing, transportation, and green spaces, has never been higher. Patel’s agenda signals that CREDAI is ready to take the lead in addressing these challenges and steering the sector towards a more sustainable and inclusive future.

          CREDAI’s new leadership is setting the stage for a paradigm shift in India’s real estate sector. With a clear focus on sustainability, innovation, and inclusivity, the organisation is poised to contribute significantly to the creation of greener, smarter, and more equitable cities. The real estate sector’s role in shaping the future of urban India cannot be overstated, and CREDAI’s initiatives are likely to have far-reaching implications for how cities evolve in the coming decades

          CREDAI New President Champions Sustainability and Housing Reform

          Mumbai Property Registrations Hit Seven-Year High in April

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            Mumbai Property Registrations Hit Seven-Year High in April
            Mumbai Property Registrations Hit Seven-Year High in April

            Mumbai’s real estate market has witnessed an unexpected surge in property registrations, with April 2025 marking a seven-year high in activity.

            According to data from the Maharashtra State Revenue Department and the Inspector General of Registration (IGR), 13,080 properties were registered in the city during April, representing a 12% increase over the 11,648 registrations recorded in the same month the previous year. This spike in property transactions contributed to a total of 52,896 registrations between January and April 2025, reflecting an 8% year-on-year rise from 48,819 in the first four months of 2024. Notably, the government’s revenue from stamp duty and registration fees has experienced a significant uptick, with collections reaching ₹4,633 crore in the first quarter of the year, a 21% increase compared to the same period last year. For April alone, the government collected ₹1,115 crore, marking a 5% year-on-year increase.

            The surge in property registrations can largely be attributed to record-breaking activity in March 2025. During that month, a total of 15,501 properties were registered, the highest in three years. This surge followed a 3.9% increase in Maharashtra’s ready reckoner rates for FY26, which likely spurred property transactions ahead of the price hike. Real estate experts noted that March’s registration figures surpassed previous records set in December 2020 and March 2021, both of which had seen high volumes of property activity. Despite an overall decline in housing sales, with ANAROCK Research reporting a 28% year-on-year drop in Mumbai’s Q1 2025 housing sales, the average deal size has significantly increased. Between January and April 2025, the average ticket size of registered properties stood at ₹1.57 crore, with March 2025 seeing a peak at ₹1.86 crore. This indicates a shift towards high-value property transactions, reflecting strong investor demand for premium assets, even in the face of broader economic challenges and geopolitical uncertainties.

            While housing sales have been on a downward trajectory, as evidenced by the 28% decline in Q1 2025, the data suggests that the Mumbai real estate market is still attracting robust demand, particularly for high-end properties. The growth in the average ticket size of transactions further highlights this trend. In fact, properties worth over ₹2 crore now account for 25% of total registrations in the city, an increase from 22% in April 2024, according to data from Knight Frank. The shift towards larger, premium homes is indicative of buyers’ growing appetite for quality real estate, especially in sought-after micro-markets. Several areas in Mumbai, including Versova, Borivali, and Ghatkopar, are seeing significant growth, thanks to increased buying power and a shift in buyer preferences towards more spacious homes and lifestyle enhancements. These micro-markets, traditionally known for their residential offerings, are now experiencing multifold growth, with the demand for premium properties contributing to the market’s resilience.

            Interestingly, despite the rise in premium property transactions, affordable housing remains a steady segment of the market. Properties priced under ₹50 lakh accounted for 14% of all registrations in April 2025, indicating that demand for smaller, more affordable homes continues to hold strong. In fact, smaller homes under 1,000 square feet are still popular, even as larger homes see increased demand. The trend reflects a balancing act between buyers seeking better living conditions and those still focused on affordability, offering a snapshot of the city’s evolving real estate landscape. Experts attribute the growth in premium property deals to several key factors, including the overall improving economic climate, rising disposable incomes, and a growing inclination among investors towards high-value real estate. Even with the broader slowdown in housing sales, these factors have kept demand for premium properties steady, with buyers seeing them as long-term investments.

            The surge in property registrations has also been seen as an indicator of underlying confidence in the Mumbai real estate market. Despite macroeconomic challenges, the city continues to attract both domestic and international investors looking for secure and lucrative investment opportunities in the property sector. The upward trend in high-value transactions signals a shift towards long-term investments, as buyers seek assets with the potential for sustained appreciation. Mumbai’s real estate market is also witnessing a steady demand for larger homes, with a clear preference for spacious residences. This is partly attributed to changing buyer lifestyles, where factors like work-from-home arrangements and the growing importance of wellness and comfort have become key considerations. As people increasingly seek larger, more comfortable living spaces, the demand for premium properties has surged.

            For property investors, the latest registration data is a signal that despite short-term fluctuations in the market, long-term growth prospects remain robust. The continued rise in property values and the consistent demand for high-end assets suggest that Mumbai’s real estate market is on a firm footing, offering lucrative opportunities for both domestic and international investors. The increase in premium property transactions is also aligned with broader market trends in other major cities across India, where investors are gravitating towards high-value properties as a means of safeguarding wealth in uncertain times. As Mumbai continues to serve as a commercial and financial hub, the city’s real estate market is expected to remain a key driver of economic growth in the region. While challenges such as affordability and supply constraints remain in certain segments of the market, the current surge in high-value property deals showcases the resilience of Mumbai’s real estate sector. With a steady influx of premium property registrations and a shift towards larger living spaces, the market is set to continue its upward trajectory in the near future.

            As the city adapts to evolving buyer preferences and market conditions, it is evident that the demand for high-value properties is here to stay. Investors and homeowners alike are increasingly focusing on quality over quantity, making the Mumbai real estate market an attractive destination for those looking to invest in the future of the city’s growth and development.

             Mumbai Property Registrations Hit Seven-Year High in April

            GROHE REIMAGINING INDIAN BATHROOMS

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              GROHE REIMAGINING INDIAN BATHROOMS

              In Conversation with PRIYA RUSTOGI, Country Leader – India and Subcontinent, LIXIL Water Technology

              As India accelerates its urban transformation, the bathroom is evolving from a purely functional corner of the home into a space where technology, hygiene, sustainability and personal well-being converge. GROHE, a global name synonymous with premium bathroom solutions, is at the forefront of this change. At the helm of this evolution in India is Priya Rustogi, whose leadership is shaping how consumers engage with sustainability and innovation in everyday living. In this exclusive conversation, she reflects on GROHE’s journey in India, how smart design can lead to sustainable outcomes, and why the future of bathrooms is both intelligent and intuitive.

              GROHE has established itself as a global leader in bathroom innovation. Could you take us through the brand’s evolution in India and how it has adapted to the market’s changing priorities, especially post-pandemic?

              GROHE’s journey in India began with a long-term view. We entered the market at the turn of the century with a clear commitment to delivering global innovation tailored to Indian sensibilities. From the outset, we’ve stayed grounded in our four core pillars—quality, technology, design and sustainability—while adapting to regional water conditions, aesthetic preferences, and infrastructural realities. The pandemic was a defining moment. It fundamentally changed the way people viewed hygiene and personal spaces. Bathrooms, especially shared ones, became a focal point of concern—people started demanding more contactless, hygienic and easily maintainable solutions. At GROHE, we were already ahead of the curve. Sensor-based taps, rimless WCs, and anti-bacterial surface finishes became central to our offering—not as reactive solutions, but as part of a consistent innovation agenda that had always anticipated this shift. Moreover, water efficiency moved from being a desirable feature to a necessity. Whether it’s a luxury apartment in a metro or a new build in a Tier 2 city, the demand for low flow, intelligent sanitaryware has surged. We’ve responded not just with products, but with an ethos of sustainable, high-performance design that enhances rather than compromises everyday living.

              India’s water crisis is becoming more urgent, and yet comfort and design remain key expectations. How does GROHE strike a balance between sustainability, smart functionality, and premium design?

              We’ve never believed that sustainability and luxury are at odds. In fact, they can—and must—coexist. At GROHE, our philosophy is rooted in creating intelligent solutions that allow people to save water and energy without

              As India accelerates its urban transformation, the bathroom is evolving from a purely functional corner of the home into a space where technology, hygiene, sustainability and personal well-being converge. GROHE, a global name synonymous with premium bathroom solutions, is at the forefront of this change. At the helm of this evolution in India is Priya Rustogi, whose leadership is shaping how consumers engage with sustainability and innovation in everyday living. In this exclusive conversation, she reflects on GROHE’s journey in India, how smart design can lead to sustainable outcomes, and why the future of bathrooms is both intelligent and intuitive.

              GROHE has established itself as a global leader in bathroom innovation. Could you take us through the brand’s evolution in India and how it has adapted to the market’s changing priorities, especially post-pandemic?

              GROHE’s journey in India began with a long-term view. We entered the market at the turn of the century with a clear commitment to delivering global innovation tailored to Indian sensibilities. From the outset, we’ve stayed grounded in our four core pillars—quality, technology, design and sustainability—while adapting to regional water conditions, aesthetic preferences, and infrastructural realities. The pandemic was a defining moment. It fundamentally changed the way people viewed hygiene and personal spaces. Bathrooms, especially shared ones, became a focal point of concern—people started demanding more contactless, hygienic and easily maintainable solutions. At GROHE, we were already ahead of the curve. Sensor-based taps, rimless WCs, and anti-bacterial surface finishes became central to our offering—not as reactive solutions, but as part of a consistent innovation agenda that had always anticipated this shift. Moreover, water efficiency moved from being a desirable feature to a necessity. Whether it’s a luxury apartment in a metro or a new build in a Tier 2 city, the demand for low flow, intelligent sanitaryware has surged. We’ve responded not just with products, but with an ethos of sustainable, high-performance design that enhances rather than compromises everyday living.

              India’s water crisis is becoming more urgent, and yet comfort and design remain key expectations. How does GROHE strike a balance between sustainability, smart functionality, and premium design?

              We’ve never believed that sustainability and luxury are at odds. In fact, they can—and must—coexist. At GROHE, our philosophy is rooted in creating intelligent solutions that allow people to save water and energy without ever having to think about it. That’s the true test of innovation: when sustainability becomes second nature. Take our EcoJoy technology, for instance—it reduces water flow by up to 50% without affecting the experience. Our thermostatic mixers eliminate the wait for the ‘right temperature’, which means less water wasted. Dual-flush systems let users control consumption, and advanced aerators maintain optimal flow while drastically reducing usage. These innovations are not optional upgrades; they are integral to every product we design. Of course, these features wouldn’t matter if they compromised the experience. This is where our German design heritage shines. Whether it’s a SmartControl shower that offers precise water control or a PVD-coated faucet that’s both sleek and scratch-resistant, we ensure that form and function meet seamlessly. Our goal is to make sustainability invisible—to embed it so deeply into the product that it becomes an effortless part of daily life.

              Affordability remains a defining factor in the Indian market. How does GROHE make sustainable technologies accessible beyond the luxury segment, especially in emerging cities and rural contexts?

              There’s a misconception that Indian consumers are only price-sensitive. In reality, they are value-driven. They understand that quality pays off in the long term—especially when it comes to water and energy savings. The true cost of a product isn’t its price tag; it’s the maintenance, the replacements, and the environmental footprint it leaves behind. We’re mindful of this. Our strategy includes offering a wide range of products across price points without diluting performance or design. Whether you’re buying a sensor faucet for a commercial bathroom in Delhi or a low-flow showerhead for a new home in Nagpur, the underlying GROHE promise remains the same—efficiency, longevity, and elegance. Penetration into Tier 2 and Tier 3 cities is a crucial part of our vision. Awareness is growing rapidly in these markets, especially as water scarcity becomes more visible. We’re not just selling products—we’re facilitating better living. And we do this by strengthening our retail presence, educating builders, training plumbers, and ensuring our innovations are locally relevant and financially viable.

              GROHE has built a strong reputation for its manufacturing standards. Beyond product innovation, how are you integrating sustainability into production, packaging, and logistics?

              Sustainability isn’t a feature—it’s an operating philosophy. All of GROHE’s manufacturing plants have been running on 100% green energy since 2020. We’re deeply invested in CO2-neutral production, circular manufacturing systems, and reducing our material and energy waste at every step of the process. Take our packaging, for example. We’re eliminating unnecessary plastics and transitioning to recyclable materials that protect the product without adding to landfill waste. We’ve adopted closed-loop processes in our factories, which means even brass shavings are melted down and reused rather than discarded. Our commitment also extends to our supply chain. We’re working with partners who share our values, ensuring that sustainability isn’t just something that starts at the factory and ends at the showroom—it’s embedded across the value chain.

              With emerging technologies shaping consumer lifestyles, what does the future of smart bathrooms look like, and how is GROHE positioned to lead this shift in India?

              Bathrooms are no longer just about hygiene—they’re becoming intelligent, intuitive, and personal spaces. The future lies in systems that anticipate user needs, reduce manual intervention, and enhance overall well-being. We’re already shaping that future. Recently, we launched the Rapido Shower Frame, a revolutionary product that simplifies concealed shower installation. We’re introducing the Rainshower Aqua Concealed, which blends performance

              As India accelerates its urban transformation, the bathroom is evolving from a purely functional corner of the home into a space where technology, hygiene, sustainability and personal well-being converge. GROHE, a global name synonymous with premium bathroom solutions, is at the forefront of this change. At the helm of this evolution in India is Priya Rustogi, whose leadership is shaping how consumers engage with sustainability and innovation in everyday living. In this exclusive conversation, she reflects on GROHE’s journey in India, how smart design can lead to sustainable outcomes, and why the future of bathrooms is both intelligent and intuitive.

              GROHE has established itself as a global leader in bathroom innovation. Could you take us through the brand’s evolution in India and how it has adapted to the market’s changing priorities, especially post-pandemic?

              GROHE’s journey in India began with a long-term view. We entered the market at the turn of the century with a clear commitment to delivering global innovation tailored to Indian sensibilities. From the outset, we’ve stayed grounded in our four core pillars—quality, technology, design and sustainability—while adapting to regional water conditions, aesthetic preferences, and infrastructural realities. The pandemic was a defining moment. It fundamentally changed the way people viewed hygiene and personal spaces. Bathrooms, especially shared ones, became a focal point of concern—people started demanding more contactless, hygienic and easily maintainable solutions. At GROHE, we were already ahead of the curve. Sensor-based taps, rimless WCs, and anti-bacterial surface finishes became central to our offering—not as reactive solutions, but as part of a consistent innovation agenda that had always anticipated this shift. Moreover, water efficiency moved from being a desirable feature to a necessity. Whether it’s a luxury apartment in a metro or a new build in a Tier 2 city, the demand for low flow, intelligent sanitaryware has surged. We’ve responded not just with products, but with an ethos of sustainable, high-performance design that enhances rather than compromises everyday living.

              India’s water crisis is becoming more urgent, and yet comfort and design remain key expectations. How does GROHE strike a balance between sustainability, smart functionality, and premium design?

              We’ve never believed that sustainability and luxury are at odds. In fact, they can—and must—coexist. At GROHE, our philosophy is rooted in creating intelligent solutions that allow people to save water and energy without ever having to think about it. That’s the true test of innovation: when sustainability becomes second nature. Take our EcoJoy technology, for instance—it reduces water flow by up to 50% without affecting the experience. Our thermostatic mixers eliminate the wait for the ‘right temperature’, which means less water wasted. Dual-flush systems let users control consumption, and advanced aerators maintain optimal flow while drastically reducing usage. These innovations are not optional upgrades; they are integral to every product we design. Of course, these features wouldn’t matter if they compromised the experience. This is where our German design heritage shines. Whether it’s a SmartControl shower that offers precise water control or a PVD-coated faucet that’s both sleek and scratch-resistant, we ensure that form and function meet seamlessly. Our goal is to make sustainability invisible—to embed it so deeply into the product that it becomes an effortless part of daily life.

              Affordability remains a defining factor in the Indian market. How does GROHE make sustainable technologies accessible beyond the luxury segment, especially in emerging cities and rural contexts?

              There’s a misconception that Indian consumers are only price-sensitive. In reality, they are value-driven. They understand that quality pays off in the long term—especially when it comes to water and energy savings. The true cost of a product isn’t its price tag; it’s the maintenance, the replacements, and the environmental footprint it leaves behind. We’re mindful of this. Our strategy includes offering a wide range of products across price points without diluting performance or design. Whether you’re buying a sensor faucet for a commercial bathroom in Delhi or a low-flow showerhead for a new home in Nagpur, the underlying GROHE promise remains the same—efficiency, longevity, and elegance. Penetration into Tier 2 and Tier 3 cities is a crucial part of our vision. Awareness is growing rapidly in these markets, especially as water scarcity becomes more visible. We’re not just selling products—we’re facilitating better living. And we do this by strengthening our retail presence, educating builders, training plumbers, and ensuring our innovations are locally relevant and financially viable.

              GROHE has built a strong reputation for its manufacturing standards. Beyond product innovation, how are you integrating sustainability into production, packaging, and logistics?

              Sustainability isn’t a feature—it’s an operating philosophy. All of GROHE’s manufacturing plants have been running on 100% green energy since 2020. We’re deeply invested in CO2-neutral production, circular manufacturing systems, and reducing our material and energy waste at every step of the process. Take our packaging, for example. We’re eliminating unnecessary plastics and transitioning to recyclable materials that protect the product without adding to landfill waste. We’ve adopted closed-loop processes in our factories, which means even brass shavings are melted down and reused rather than discarded. Our commitment also extends to our supply chain. We’re working with partners who share our values, ensuring that sustainability isn’t just something that starts at the factory and ends at the showroom—it’s embedded across the value chain.

              With emerging technologies shaping consumer lifestyles, what does the future of smart bathrooms look like, and how is GROHE positioned to lead this shift in India?

              Bathrooms are no longer just about hygiene—they’re becoming intelligent, intuitive, and personal spaces. The future lies in systems that anticipate user needs, reduce manual intervention, and enhance overall well-being. We’re already shaping that future. Recently, we launched the Rapido Shower Frame, a revolutionary product that simplifies concealed shower installation. We’re introducing the Rainshower Aqua Concealed, which blends performance, design and sustainability into one luxurious experience. We are also seeing rising demand for coloured ceramics, minimalist aesthetics, and personalised features like mood lighting, voice control, and smart temperature regulation. At ISH and other global design forums, we showcase what’s next—from recirculating showers that reuse and filter water, to digital controls that monitor consumption and identify leaks in real time. These aren’t just bells and whistles—they’re purposeful innovations designed to elevate everyday living while lowering environmental impact.

              Educating users on sustainable bathroom habits is often overlooked. How does GROHE encourage responsible behaviour, especially in a country as vast and diverse as India?

              The first step is removing the complexity. People want to do the right thing, but if saving water means an inferior experience, they won’t do it. Our goal is to make sustainability intuitive—designing products that naturally reduce consumption without the user even noticing. Education happens in many forms. Through our GROHE Studios, dealer networks, and digital platforms, we engage directly with end users, architects, and developers. We demonstrate how smart choices—like switching to dual-flush systems or aerated taps—can make a real difference. We partner with hotels, builders, and public infrastructure projects to ensure our solutions are part of large-scale sustainable developments. Design itself is our strongest form of advocacy. When the product is beautiful, efficient, and easy to use, it naturally promotes sustainable habits. That’s our mission: to create choices that people love, which also help the planet.

              Looking ahead, what’s GROHE’s vision for the Indian market in terms of collaboration, policy, and materials innovation?

              India is entering a pivotal decade where infrastructure growth, sustainability, and design aspirations are aligning. At GROHE, we’re committed to being more than a manufacturer—we want to be a change agent. We’re keen to collaborate more closely with policymakers, urban planners, and developers to shape codes and standards that prioritise water efficiency. If incentives are introduced for low-flow fixtures, or if water ratings become mandatory, it could transform adoption rates. We want to contribute insights from the ground—what works, what’s scalable, and what’s desirable. In terms of innovation, we’re investing in materials like PVD-coated finishes that combine durability with design. We’re also exploring circular materials and composites that offer luxurious aesthetics with minimal environmental impact. As bathrooms become more personal and wellness-oriented, we see immense potential in integrating sensory design, customisation, and tech-powered comfort into our future offerings. Ultimately, our vision is clear: we want to redefine what the Indian bathroom can be—intelligent, inclusive, sustainable, and sensational.

              NURSING COLLEGE ASHAKTASHRAM

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              NURSING COLLEGE ASHAKTASHRAM

              Located within the serene campus of the Ashaktashram Trust in Surat, the Nursing College Ashaktashram designed by NEOGENESIS+STUDI0261 is a striking example of how architecture can seamlessly integrate functionality, sustainability, and design aesthetics to enhance the learning experience. Envisioned as an extension to the existing institutional complex, this project embodies the firm’s commitment to innovative educational spaces that cater to modern-day pedagogical needs while maintaining a deep respect for environmental sustainability.

              This state-of-the-art educational facility spans 41,883 sq. ft., incorporating a dynamic mix of teaching spaces, laboratories, administration offices, and interactive zones. The design’s core philosophy revolves around providing a conducive learning environment that not only supports academic excellence but also fosters a sense of community and collaboration among students and faculty.

              An Intelligently Planned Layout for Seamless Functionality

              The layout of Nursing College Ashaktashram has been thoughtfully designed to optimize both accessibility and usability. The architects have carefully considered the circulation patterns of students, faculty, and staff to ensure an intuitive flow throughout the building. A multi-level structure connects seamlessly with the existing building through strategically placed ramps and passageways, allowing for smooth movement between the old and new facilities. This interconnected approach enhances accessibility and inclusivity, ensuring that all users can navigate the space with ease.

              On the ground floor, the design incorporates an auditorium-cum-multipurpose hall that serves as a flexible venue for gatherings, conferences, and student activities. With entrances from both inside and outside the main building, the hall functions independently without disrupting the day-to-day operations of the college. Its tiered seating arrangement ensures optimal visibility, while ergonomic spatial planning prioritizes comfort and accessibility.

              The first floor houses administrative and faculty offices, strategically positioned near a grand double-height reception area that fosters an open and welcoming ambiance. Moving upwards, the second floor is dedicated to classrooms and advanced laboratories, designed to facilitate hands-on learning and skill development. This level offers visual connectivity between spaces, with passageways overlooking the reception area on one side and an open landscaped zone on the other, reinforcing a sense of openness and connectivity.

              Crowning the structure, the third floor accommodates a library and computer lab, complete with an open reading zone beneath a skylight. This infusion of natural light enhances the learning environment, reducing the need for artificial illumination while creating an uplifting atmosphere conducive to focused study.

              A Material Palette Rooted in Sustainability and Climate Sensitivity

              One of the defining characteristics of this project is its climate-responsive design, which prioritizes energy efficiency, thermal comfort, and environmental integration. The external material palette consists of exposed concrete, glass, and brick jali, each chosen for its functional and aesthetic contribution.

              The brick jali façade is a standout feature, serving as a contemporary interpretation of traditional screening techniques. This interwoven lattice structure provides multiple benefits: it allows filtered light and natural ventilation to penetrate the interiors while ensuring privacy and security. Additionally, its porous nature acts as a thermal buffer, significantly reducing heat gain—particularly from the building’s west-facing façade.

              Meanwhile, the north façade features extensive glazing, strategically positioned to harness soft, diffused daylight while minimizing direct heat penetration. This careful orientation and material selection work in tandem to maintain thermal equilibrium, reducing reliance on mechanical cooling systems and contributing to overall energy efficiency.

              To break the visual monotony of the façade, the architects have incorporated planter spaces, injecting greenery into the built form. These pockets of vegetation serve a dual purpose: they introduce an element of natural beauty while enhancing microclimatic conditions, further cooling the building envelope and improving air quality. This interplay between built and unbuilt spaces adds vibrancy and depth to the design, making the building feel alive and organic.

              Interior Design: A Fusion of Durability and Elegance

              The interior material palette is meticulously curated to balance longevity, low maintenance, and aesthetic appeal. The common areas feature Cera grey flooring, a durable and visually understated choice that establishes a neutral backdrop for the vibrant student activity that animates these spaces.

              In contrast, the labs on the second floor are finished with Kota stone flooring, a material known for its robustness and ease of maintenance—ideal for high-usage educational spaces. Throughout the building, accent materials such as teak wood and grey laminate lend warmth and character, reinforcing an environment that feels inviting and conducive to learning.

              Beyond materials, the design pays close attention to ergonomics and human-centric spatial planning. Classrooms are arranged to maximize natural light penetration, minimizing artificial lighting needs during daylight hours. Acoustics have also been carefully considered, with materials selected to absorb excess noise and create a focused learning atmosphere.

              Landscaping and Outdoor Integration

              A key aspect of the Nursing College Ashaktashram project is its seamless integration of landscape design with built spaces. The green spaces, planter pockets, and landscaped courtyards act as informal gathering zones, offering students places to interact, relax, and engage with nature between academic sessions.

              One of the most visually striking features is the artwork on the common wall between the new and old structures. This carefully curated artistic intervention introduces vibrancy to the setting, counterbalancing the dominant tones of grey and earthy textures that define the material palette. This subtle yet powerful design choice underscores the architects’ sensitivity to the psychological impact of space, ensuring that the environment remains uplifting and inspiring for its users.

              Sustainability Beyond Materials

              Beyond material selection, the project incorporates a holistic approach to sustainability, emphasizing resource efficiency, passive climate strategies, and long-term resilience. Water conservation measures, such as rainwater harvesting systems and efficient plumbing fixtures, have been integrated to reduce water wastage and promote responsible consumption.

              From an energy perspective, the reliance on natural lighting and ventilation significantly reduces electricity consumption, aligning with global best practices in green building design. Future adaptability has also been considered, ensuring that the structure can accommodate evolving educational needs without requiring extensive modifications.

              A Timeless Architectural Statement

              The Nursing College Ashaktashram is more than just an educational facility—it is an architectural statement that exemplifies how contemporary design principles can coexist with tradition, sustainability, and functionality. By prioritizing climate responsiveness, material innovation, and spatial connectivity, Neogenesis+Studi0261 has created a versatile and future-ready institution that will serve as a beacon for progressive architectural thought in the academic realm.

              By blending form with function and aesthetics with sustainability, this project redefines what it means to design spaces that inspire, educate, and endure.

              BUILDING THE FUTURE DR. ANANTA ON WOMEN LEADING INDIA’S REAL ESTATE REVOLUTION

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                BUILDING THE FUTURE DR. ANANTA ON WOMEN LEADING INDIA REAL ESTATE REVOLUTION

                In an exclusive conversation with Homes & Buildings Magazine, DR. ANANTA SINGH RAGHUVANSHI reflects on her journey, the challenges women face in real estate, and the future she envisions for female leaders in the sector.

                The real estate industry, traditionally a male-dominated sector, is undergoing a paradigm shift, with women increasingly taking on leadership roles and driving transformative change. Among the most influential figures leading this evolution is Dr. Ananta, a visionary with over three decades of experience in the sector. Having held top positions at DLF, Emaar MGF, Damac, and Experion Developers, she spearheads initiatives as Chairperson of NAREDCO Mahi, where she actively fosters gender diversity, skill development, and sustainable real estate practices.

                What inspired you to pursue a career in real estate, particularly in an industry traditionally dominated by men?

                When I started my professional journey in 1991, I never once considered gender dynamics. I was driven purely by my passion for marketing and building a career in an industry that excited me. Real estate fascinated me because it wasn’t just about selling properties; it was about shaping cities, creating communities, and making a tangible impact on people’s lives and work. My ambition led me to DLF’s headquarters, where I found myself in an industry where women were few and far between. But the challenge never deterred me. My expertise, dedication, and willingness to learn would pave the way for my success.

                The real estate industry, traditionally a male-dominated sector, is undergoing a paradigm shift, with women increasingly taking on leadership roles and driving transformative change. Among the most influential figures leading this evolution is Dr. Ananta, a visionary with over three decades of experience in the sector. Having held top positions at DLF, Emaar MGF, Damac, and Experion Developers, she spearheads initiatives as Chairperson of NAREDCO Mahi, where she actively fosters gender diversity, skill development, and sustainable real estate practices.

                The gender disparity was evident, but I always focused on my competence rather than my identity. Over the years, I have witnessed a shift in the industry, and today, more women are stepping into leadership roles, proving that real estate is no longer just a man’s world.

                As Chairperson of NAREDCO Mahi, what initiatives are you leading to encourage more women in real estate?

                Mahi is not just an initiative but a movement aimed at empowering women at every level of the real estate ecosystem. From labourers to senior executives, we are committed to skilling, mentoring, and fostering career growth through structured programmes.

                One of our key initiatives is the NIRED RERA Training, which equips professionals with a deep understanding of real estate regulations. We also have the NIPUN Coaching Programme, designed for those looking to accelerate their careers. Additionally, we are nurturing the next generation of innovators through the Dolphin Tank Incubator, a platform for start-ups in prop-tech. This initiative ensures that women-led businesses receive the exposure and resources they need.

                We are also championing sustainability through water-saving initiatives and organising international study tours, allowing women professionals to learn from global best practices. Our objective is simple: to create a real estate industry in which women are not just participants but decision-makers and changemakers.

                What are women’s most significant challenges in real estate, and how can they be addressed?

                Talent and ambition are not the problem—opportunity and acceptance are. Many women possess the right skills but leave the workforce due to family responsibilities, workplace biases, or lack of support systems. The industry must move beyond token inclusion and foster an environment where women feel valued and empowered.

                This begins with inclusive policies—offering flexible work arrangements, leadership mentoring, and family-friendly workplace cultures. When women feel supported, respected, and appreciated, they stay, thrive, and take on more prominent roles. Real estate needs leaders who recognise women’s immense value to the industry, not just in operational roles but in strategic decision-making.

                Do you see the real estate industry becoming more inclusive for women?

                There has never been a better time for women to enter, excel, and lead in real estate. The industry is changing—workplaces are evolving, diversity policies are strengthening, and women’s voices are being heard.

                More companies are realising that gender diversity is not just a social responsibility—it’s a business imperative. Women bring different perspectives, foster collaboration, and drive innovation. As organisations adopt more progressive hiring and leadership policies, we will see an increase in female representation at boardroom tables and decision-making roles.

                You mentor women through platforms like She Connects and the Atal Tinkering Labs. How impactful has this been?

                One of my greatest privileges has been mentoring women entrepreneurs and young innovators. The We Women’s community, in which I am deeply involved, has over 90,000 members, while She Connects supports over 4,000 women, helping them find direction and confidence in their entrepreneurial journeys.

                However, the most rewarding experience has been working with students in Atal Tinkering Labs (ATL), where I mentor bright young minds from classes 6 to 12 under the Atal Innovation Mission. Watching these students design prototypes, explore STEM fields, and develop innovative solutions has reaffirmed my belief that India’s future is in safe hands. The next generation of female leaders will excel in business and drive groundbreaking innovation.

                What is your vision for the future of women in real estate?

                We must all work towards ensuring that women hold at least 33% of leadership roles in real estate. This isn’t just about numbers—it’s about fostering true equality, diversity, and progress. Women think differently, problem-solve differently, and build differently, and their contributions will reshape the real estate industry in ways we are only beginning to see.

                The real estate sector must welcome, nurture, and promote female talent, ensuring equal pay, leadership opportunities, and work environments where women feel secure and respected. This is not just a vision—it is a necessity.

                What advice would you give to women navigating the real estate industry?

                Success in real estate or any industry is not about following the most straightforward path but making the right choices. Integrity, resilience, and unwavering self-belief will take you further than any external validation.

                At every crossroad, choose the path that aligns with your principles, no matter how challenging it may seem. Trust your instincts, embrace new opportunities, and never underestimate your ability to lead and create change. The future of real estate belongs to those who dare to push boundaries, and women have never been better positioned to do just that.

                MAHARASHTRA BUDGET 2025 GAINS & PAINS

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                MAHARASHTRA BUDGET 2025 GAINS & PAINS

                In a year charged with electoral anticipation and fiscal recalibration, the Maharashtra Budget 2025, tabled by Deputy Chief Minister and Finance Minister Ajit Pawar, outlines a ₹7.2 lakh crore roadmap aimed at balancing populist outreach with long-term growth levers. While the budget casts a wide net across employment, welfare, and infrastructure, real estate — the lifeblood of Maharashtra’s urban economy — sits at the confluence of these priorities.

                Macro Context & Sectoral
                Highlights:

                Maharashtra, contributing over 14% to India’s GDP, has historically leanedon industrial expansion and real estate-led urbanization to sustain its economic engine. The 2025 budget reinforces this reliance with:

                An Industrial Infusion:

                A new policy targeting ₹40 lakh crore in investments and generation of 50 lakh jobs, signalling a renewed push for manufacturing zones, logistics parks, and industrial corridors — all of which have real estate as a core enabler.

                Infra-Driven Urbanization:

                A standout ₹64,000 crore allocation for Mumbai’s infrastructure pipeline, including metro corridors, arterial roads, and a third airport in Palghar, signals an aggressive bet on infrastructure-led real estate monetisation. This aligns with the state’s broader Transit-Oriented Development (TOD) agenda and will likely unlock peripheral land values.

                Housing for the Masses:
                With ₹23,100 crore earmarked for rural and urban housing under PMAY, the budget positions housing as both a socio-political imperative and an economic multiplier — potentially catalysing low-income housing markets and supporting construction demand across value chains.

                Welfare Economics with a Real Estate Undertone:

                Schemes like Mazi Ladki Bahin Yojana (₹36,000 crore outlay) may seem tangential, but they indirectly drive residential demand in Tier II and III belts, influencing mid-market housing sentiments.

                Real Estate’s Central Role in Maharashtra’s Economic Tapestry:

                Far from being a peripheral player, real estate in Maharashtra functions as a multi-dimensional economic lever:

                Fiscal Engine:
                Stamp duties, registration fees, and development premiums comprise over 20% of the state’s own tax revenues, underlining how deeply real estate monetisation is entwined with fiscal health.

                Employment Backbone:
                The sector remains the second largest employment generator after agriculture, providing livelihoods from blue-collar construction jobs to high-skill professions in design, finance, and project management.

                Urban Growth Catalyst:
                Cities like Mumbai, Pune, Thane, and Nagpur have seen their growth curves shaped by real estate-led expansion — often in tandem with mega infrastructure projects like metro lines, industrial parks, and IT zones.

                Analysis: A Budget Rooted in Real Asset Strategy

                While the Maharashtra Budget 2025 stops short of major reforms in land, FSI, or its regulatory rationalisation, strategic emphasis on capital expenditure, housing, and infrastructure makes it inherently pro-real estate. However, the absence of relief in premium charges, or a roadmap to ease approval timelines, leaves much to be desired from a developer standpoint.

                In essence, the budget signals that real estate remains the chassis on which Maharashtra’s growth vehicle is built. Whether it’s the warehousing boom, urban densification, or affordable housing — the state’s development story in FY25 will largely unfold in square feet.

                THE PROS FOR REAL ESTATE

                Budget Signals Tailwinds for Developers and Urban Growth

                The Maharashtra Budget 2025 has been received positively by several quarters of the real estate ecosystem, as it lays a strong foundation for property-led development through a series of policy nudges, fiscal allocations, and infrastructure priorities. While not overtly reformist in regulatory terms, the budget nonetheless sets a favourable tone for developers, investors, and allied stakeholders.

                A. Policy Boosts & Regulatory Reforms: Clearing the Path for Development

                Although no sweeping policy overhaul was announced, the government reiterated its intent to ease land acquisition in strategic zones — particularly for industrial corridors, logistics parks, and new townships. By enabling quicker land aggregation through digitised land records and simplified transfer mechanisms, the state aims to reduce entry barriers for developers and institutional players.

                The long-pending promise of a single-window clearance system for real estate approvals saw renewed attention, with the government pushing for end-to-end digitalisation of permissions under various urban local bodies (ULBs). This could significantly reduce approval timelines, a chronic pain point in the sector.

                While the budget did not explicitly announce a cut in stamp duty or development premiums, industry insiders interpret the stable premium regime as a signal of continuity and predictability — a much-needed balm in a high-cost market like Mumbai. Further reforms to the Development Control and Promotion Regulations (DCPR) are expected to follow later in the year, with an emphasis on vertical expansion and FSI rationalisation.

                B. Infrastructure Push: Laying the Groundwork for Capital Appreciation

                One of the standout themes of the budget is the ₹64,000 crore allocation to Mumbai-centric infrastructure, including metro expansions, new coastal roads, and the strategic third airport near Vadhvan in Palghar. This massive capex thrust is expected to open up peripheral micro-markets, creating new real estate corridors and boosting land values along transit lines.

                The state’s continued support for Transit-Oriented Development (TOD) — particularly around metro and railway nodes — aligns with global best practices in sustainable urbanism. By incentivising high-density development near transit hubs, Maharashtra is nudging developers to unlock location-based advantages while reducing urban sprawl.

                Additionally, the budget outlines plans for new urban townships and smart cities, particularly in Nashik, Nagpur, Aurangabad, and Thane, creating fresh avenues for large-scale integrated developments.

                C. Housing and Affordable Housing Incentives: Bridging Policy and Demand

                The budget’s continued commitment to Pradhan Mantri Awas Yojana (PMAY) — with an outlay of ₹15,000 crore for rural and ₹8,100 crore for urban housing — reinforces its ‘Housing for All’ ambition. These allocations are expected to revive low-income housing markets, support construction ecosystems, and

                …generate employment at scale. While no direct tax incentives were offered to homebuyers, developers see potential indirect benefits through the increased allocation to subsidised housing schemes, which could expand the eligible buyer base. There’s also anticipation around additional incentives for rental housing models, which could attract institutional interest in build-to-rent frameworks — a relatively untapped segment in India.

                D. Investment Promotion: Capital is Welcome

                Although muted in rhetoric, the budget sets the stage for enhanced capital flows into real estate via REITs, InvITs, and foreign direct investment (FDI). The finance minister hinted at plans to ease compliance for REIT structures and explore new urban development bonds — financial tools that can help municipal bodies raise capital for infrastructure while indirectly benefiting developers through improved civic amenities.

                Moreover, Public-Private Partnership (PPP) frameworks are being pushed in the redevelopment of industrial clusters and old MHADA colonies — signaling a collaborative model between state and private real estate capital.

                E. Urban Planning & Development Authority Empowerment: Decentralised Urban Growth

                The budget earmarks significant funds for urban development agencies including MMRDA, CIDCO, PMRDA, and other ULBs, empowering them to implement localized infrastructure and urban renewal projects. These authorities have been granted more autonomy to fast-track slum rehabilitation, transit-oriented zones, and integrated industrial-residential hubs.

                Crucially, the emphasis on sanitation, water supply, waste management, and energy efficiency in these projects indicates a shift from just physical construction to holistic urban development. This not only improves the liveability quotient of cities but also helps real estate brands position their projects as ESG-aligned and future-ready.

                THE CONS FOR REAL ESTATE

                Budget Blind Spots in Maharashtra’s Urban Growth Narrative

                While the Maharashtra Budget 2025 makes bold overtures towards infrastructure-led growth and industrial revival, real estate observers caution against interpreting it as uniformly beneficial. Beneath the headline figures and capital expenditure promises lie deeper structural concerns that continue to hinder sustainable and inclusive urban development. From opaque taxation policies to environmental neglect, the budget leaves several real estate flashpoints unresolved.

                A. Increased Taxation or Premiums: A Growing Fiscal Burden

                Despite calls from industry bodies to rationalise levies, the budget stops short of offering relief on development premiums, stamp duty, or ready reckoner rates — all of which remain prohibitively high, particularly in Mumbai and its metropolitan region. For a sector already grappling with liquidity challenges and a cost-heavy construction ecosystem, this status quo translates into sustained pressure on margins and affordability.

                Moreover, murmurs of higher property taxes on second homes or idle inventory, especially in urban areas, raise further concern for developers and investors.

                SUMMARY

                A Budget of Promise, But with Policy Gaps and Delayed Payoffs

                From a contrarian lens, the Maharashtra Budget 2025 appears heavily reliant on optics, with underwhelming execution strategies for issues that lie at the heart of real estate’s productivity and inclusivity challenges. The absence of regulatory reform, ESG incentives, or implementation guarantees underscores a larger concern: the state’s urban growth playbook is still largely reactive, not resilient. Until these blind spots are addressed, developers may continue to face policy friction, fiscal fatigue, and environmental pushback, even as the skyline rises.

                CONCLUSION

                Between Promise and Pragmatism – Maharashtra’s Real Estate at a Crossroads

                The Maharashtra Budget 2025 sets the stage for a high-growth narrative built on industrial revival, infrastructure-led urbanisation, and ambitious employment targets. For the real estate sector — the connective tissue between policy vision and on-ground development — the budget delivers a strong infrastructural thrust and continued housing support, especially in the affordable segment. These moves, when executed effectively, could unlock new markets, de-risk investment corridors, and broaden the housing spectrum.

                However, beyond the capital allocations and policy intent lies a persistent concern: execution fatigue, regulatory inertia, and environmental apathy. The absence of reform in project approvals, premium rationalisation, ESG-linked incentives, and rental housing policy highlights a centers, continue to fuel anxiety among both developers and investors. The absence of a uniform taxation framework across municipal bodies — each operating with its own valuation and levy structure — has also led to unpredictability and litigation, especially in redevelopment and slum rehabilitation projects.

                B. Neglect of Structural Bottlenecks: Policy Inertia Persists

                The budget, for all its forward-looking rhetoric, fails to address long-standing systemic inefficiencies. The absence of a concrete roadmap to reduce approval timelines — still one of the highest in India — reflects a lack of urgency in tackling administrative delays, which are often compounded by corruption and discretionary clearances at the municipal level. No moves were made toward simplifying zoning laws, recalibrating Floor Space Index (FSI) regulations, or offering developers automated, time-bound permissions — all key to de-risking projects and improving turnaround times.

                Despite the centrality of affordable housing to the political narrative, budgetary allocations for rental housing schemes or urban rental policies remain negligible, revealing a policy vacuum in India’s most populous state. For developers, the roadmap is cautiously optimistic — infrastructure projects and industrial corridors offer long-term value, but near-term risks remain around input costs and policy clarity. For homebuyers, especially in the mid-income and affordable categories, the budget reinforces accessibility. Yet, for institutional investors and ESG-conscious players, the lack of green vision and delayed monetisation may hinder full-fledged participation.

                C. ESG and Environmental Oversight: The Missing Sustainability Imperative

                At a time when climate resilience is becoming non-negotiable in urban planning, the Maharashtra Budget is conspicuously silent on green buildings, ESG-linked incentives, and sustainable construction practices. There is no mention of solar adoption, net-zero targets, or support for low-carbon materials, leaving Maharashtra behind global urban sustainability benchmarks.

                More critically, the budget sidelines urgent ecological concerns — from wetland encroachments and mangrove destruction to indiscriminate hill cutting and CRZ violations — all of which are integral to Maharashtra’s environmental integrity. In the absence of climate-resilient urban masterplans, real estate expansion risks becoming ecologically unsustainable and vulnerable to future regulatory crackdowns.

                D. Delayed Infrastructure Monetisation: The Long Wait for Value Unlocking

                While infrastructure dominates the budget narrative, the lag between announcement and execution continues to haunt the real estate sector. Many corridors earmarked for metro lines, expressways, and multimodal hubs have seen repeated delays, land acquisition hurdles, and funding gaps. Real estate projects banking on infrastructure-led appreciation in markets like Kalyan, Panvel, Navi Mumbai, and Palghar may find themselves in limbo — with high land acquisition costs but delayed demand visibility due to project slippages. Without enforceable timelines or dedicated project management mechanisms, infrastructure remains a promise, not a pipeline.

                WAY FORWARD:

                A Reform Roadmap for Maharashtra’s Real Estate

                1. Approval Reform & Transparency
                  Institutionalise a single-window clearance system with real-time tracking and accountability mechanisms.

                2. Fiscal Rationalisation
                  Review and rationalise premiums, levies, and stamp duties to ensure affordability and market competitiveness.

                3. Green Urbanism
                  Introduce tax or FSI incentives for green-certified projects; embed climate-resilient design in all urban masterplans.

                4. Rental & Mixed-Use Policy Frameworks
                  Encourage institutional rental housing, co-living formats, and mixed-use zoning to diversify demand and reduce vacancy stress.

                5. Infrastructure Execution Guarantees
                  Enforce transparent timelines and project monitoring dashboards to ensure timely delivery of key infrastructure projects.

                In a Nutshell Maharashtra’s real estate journey in FY25 will be shaped not just by the budget’s ambitions, but by its ability to institutionalise reform, embrace sustainability, and deliver infrastructure on ground. The runway is visible; now, it’s about ensuring the take-off is both equitable and enduring.

                IPM BATH FITTINGS BRINGING WATER EFFICIENCY TO RURAL BATHROOMS

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                  IPM BATH FITTINGS BRINGING WATER EFFICIENCY TO RURAL BATHROOMS

                  In an exclusive interview with Homes & Buildings Magazine, ABHISHEK KAPOOR, Director of IPM Bath Fittings, shares insights into the company’s journey, the evolving needs of Indian consumers, and how innovation is shaping the future of accessible, water efficient sanitaryware in the secondary market.

                  In the ever-evolving world of sanitaryware, water conservation, sustainability, and technological advancements are driving industry innovation. While premium brands dominate the luxury segment, secondary manufacturers like IPM Bath Fittings are making a significant impact by offering affordable yet high-quality solutions that cater to a wider consumer base. With over five decades of expertise, IPM Bath Fittings has positioned itself as a key player in providing efficient, durable, water-saving sanitaryware for rural and urban markets.

                  IPM Bath Fittings has been around for 58 years. Could you share the story behind its journey?

                  Our story began with my great-grandfather, who was deeply invested in improving hygiene standards through bathroom accessories. My grandfather expanded on this, ensuring people had access to durable brass fittings that enhanced sanitation. Over time, my father further strengthened our legacy, and now, I am carrying it forward, focusing on expanding our footprint both within India and internationally. Today, we are committed to ensuring every household has access to high-quality and hygienic bathroom fittings, irrespective of its economic status. Our dedication to the ‘Make in India’ initiative has further strengthened our vision, allowing us to position Indian-made products globally. The sanitaryware industry is evolving, and with increased awareness around hygiene and sustainability, we see an opportunity to drive change by developing cost-effective, high-performance products that conserve water and improve hygiene.

                  You’ve spoken about the importance of hygiene in rural areas. How have consumer preferences changed in these regions?

                  The transformation in sanitaryware usage in rural areas has been remarkable. Traditionally, plastic taps dominated the market because they were inexpensive. However, a noticeable shift towards brass faucets has been driven by increased awareness about hygiene and government-led housing schemes like ‘PAKKA homes.’ Brass, being antimicrobial, reduces bacteria accumulation and improves sanitation, making it a superior alternative to plastic. Another crucial factor is water conservation. Plastic taps often lead to excessive water wastage, with an average flow rate of 26 litres per minute. In contrast, our brass faucets limit flow to as low as 4 litres per minute, significantly reducing water consumption while maintaining efficiency. This shift towards more durable and eco-friendly solutions is a testament to growing consumer awareness and the availability of cost-effective metal faucets.

                  How do urban markets vary from rural markets?

                  While our focus in rural markets is on affordability and hygiene, aesthetics and luxury play a key role in urban areas. Modern homeowners, architects, and designers are keen on creating an immersive bathroom experience, often inspired by high-end hotels. The demand for customised fittings, premium finishes, and personalised colour palettes has skyrocketed. Earlier, chrome-plated faucets were the standard, but today, there is an increasing preference for matte black, beige, grey, gold, and rose gold finishes that complement high-end interiors. Consumers also invest in coordinated bathroom aesthetics, ensuring their faucets match their tiles and fittings. The focus is no longer just on function—design has become an equally important aspect of purchasing decisions.