Size of the flats would be in a range of 975 sq ft to 1,300 sq ft.
In India, out of the total government housing stock only 11 percent belongs to rental housing.
Realtors' body CREDAI Tuesday said RBI should cut key interest rate by 50 basis points to boost housing demand as well as growth of the realty sector.
"The easing of investment norms under FDI policy for the real estate sector is more of a long term story, and is unlikely to result in any immediate increase in FDI in the near term," the ratings agency said in a statement.
Centre has approved a working plan for Chhattisgarh where a total of nine cities would receive a major infrastructural facelift under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
Taj Hotels today opened The Gateway Hotel Hinjawadi here and is looking at expanding the brand to tier II and III cities as well as overseas.
Net absorption of office space is expected to be about 31 million sq ft this year in the country's seven major cities as sentiments have improved in commercial real estate market, a study has said.
Lodha Group has sold an under-construction luxury tower at Altamount Road in Mumbai for Rs 160 crore.
Realty major DLF's promoters have bought 23 lakh shares of the company through open market transactions for nearly Rs 25 crore, raising their stakes to 74.99 percent.
Developed as a 'planned city' by CIDCO in the last two decades, Navi Mumbai city has undertaken several developmental works as part of its efforts to qualify for the final list of 'Smart City', Navi Mumbai Municipal Corporation (NMMC) Commissioner Dinesh T Waghmare said.
In order to spur investment in the housing sector, the government is considering to provide tax incentives for certain projects to ensure 'Housing for All' by 2022.
Mumbai was selected for the innovative development of T2, which has enabled Mumbai to emerge as one of the leading airports in Asia.
Home loans were up 8.6 percent against 7.5 percent at Rs 6.83 trillion.
Realty firm Sobha Ltd has tied up with another realtor Chintels India to develop a group housing project comprising of 1,700 flats in Gurgaon at an estimated cost of Rs 1,000 crore.
The government is gearing up to ensure the passage of the crucial real estate bill, which is aimed at curbing malpractices in the sector and bringing transparency through regulatory mechanism, in the forthcoming Winter session of Parliament.
Piramal Realty, the real estate arm of Piramal Group, Thursday launched a premium residential project Vivaan in Balkum, Thane, for NRIs in Dubai.
Spread across 47 acres, the project ParkWest will have 18 storey tower.
The government on Wednesday unveiled two key policy initiatives to revive the infrastructure sector, which include compensating developers in case of delays in highway projects and empowering the ministry concerned to okay projects with civil construction cost of up to Rs 1,000 crore.
Rating agency Crisil has warned that Rs 30,000 crore debt of the top 25 realtors is at the risk of higher refinancing cost amid a continued slump in the realty space owing to high prices and dependence of the companies on high-return demanding private equity players.
OYO Rooms Wednesday announced a tie-up with Bharti Airtel, under which the telecom major will provide its wi-fi and DTH services in OYO branded hotels, initially covering 3,000 rooms within the next three months.