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Finance Minister Nirmala Sitharaman, who will present an interim budget on February 1, is likely to raise allocations for affordable housing by more than 15% to ₹1 trillion ($12 billion) for 2024/25 from ₹79,000 crore in the 2023/24 Budget

Sobha reported a 37% increase in sales bookings at Rs 1,951.6 crore in the third quarter of this financial year, mainly on the back of strong housing demand in Bengaluru. Its sales bookings stood at Rs 1,424.7 crore in the year-ago period.

Overall, the retail space leasing volume across most of the top eight cities was led by high streets, indicating a lack of space in Grade A malls.