Real estate firm Puravankara Projects Ltd has informed that it will invest Rs 8000 crore for its foray into affordable housing through its unit, Provident Housing and Infrastructure Limited.

The arm plans to build 64,500 affordable homes during Phase I, which will cover Bangalore, Chennai, Hyderabad, Coimbatore, and Mysore.

The company will develop 59.8 million sq ft in first phase over next five years.

Kolkata-based RDB Industries Limited, one of the leading real estate company has informed that the Ministry of Health & Family Welfare, Government of India, have awarded a tender in favour of t

Delhi-based real estate major Aeren R Enterprises has revealed its plans to invest over Rs 6,350 crore in developing two projects in North India despite realtors, which are presently struggling due to high interest rates.

Under the proposed plans, the company is aiming to construct two premium residential complexes in Ludhiana, of which one would build on 12 acres of land, and other will cover 175 acres of land along with a nine-hole golf course.

Ahmadabad is all set to become hot spot of realty business. The NRIs (non-resident Indians) are showing huge interest in the city. This was indicated by the response given to Indian property road show held in the US and UK. Goa and Mumbai are behind Ahmadabad in terms of prospectus of realty business.

Chairman and CEO, Axiom Estates, Rajeev Goenka said that Ahmadabad is becoming new hub of realty business. He said that NRI's account for nearly 15-30% in realty sales. The current road show held in UK revealed that Ahmadabad is becoming major reality destination for the world. It has attracted about 300 realty projects in the international roadshow held in UK as compared to other 20 participant cities.