Thousands of families from Ramabai Ambedkar Nagar, a longtime Ghatkopar slum, are moving to high-rise housing in Vasan, Mumbai. The Slum Rehabilitation Authority (SRA) is finishing its survey work quickly to commence the Ramabai Ambedkar Nagar Development Project.

At Kamla Raman Nagar in Mumbai's Dharavi slum, counting houses and people began on Monday to determine who receives a free house. Big plans are in the works for Dharavi Redevelopment Project Pvt Ltd (DRPPL), directed by S VR Srinivas.

Defying the global economic slowdown, India's real estate market has experienced an unexpected surge over the past two years, with the rental sector, in particular, becoming a beacon for investors worldwide.

Since the Indian housing market is middle-class, house loan interest rates greatly impact home buying emotion. Individuals and families intending to purchase a house (one of the major choices of their life) must also consider interest rates and EMI expenses.

At least 53% will buy properties in India in the coming months for self-use, while 47% will consider buying for investment.

Post the recent 7th Pay Commission salary hike announced recently, property has emerged as the leading investment avenue among serving and retired government employees surveyed across 20 Indian cities by a realty think tank group.