11 May 2026

Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) is expected to approve more than 400 new real estate projects during 2026, reflecting the rapid expansion of the property market beyond established centres such as Noida and Lucknow. Improved infrastructure, expressway development and the upcoming Jewar airport have accelerated residential and mixed-use activity across multiple Tier II and Tier III cities in the state. UP-RERA Chairman Sanjay R Bhoosreddy stated that project registrations have steadily increased over the past three years, while industry leaders at a FICCI real estate summit highlighted growing investor confidence, rising housing demand and the increasing importance of transparency and digital integration across the real estate lifecycle.Read more

11 May 2026

Real estate developer Alpha Corp is set to invest approximately INR 750 crore in a stalled residential project linked to Earth Infrastructure Ltd (EIL) after the Supreme Court cleared a resolution framework for the stressed asset. The investment will be directed towards completing pending construction work and reviving the delayed housing development, which has remained under financial distress for several years. The court-approved arrangement is expected to provide relief to homebuyers awaiting possession while enabling phased project execution under a revised development structure. The move comes amid increasing judicial intervention in stalled residential projects across the National Capital Region, where incomplete developments have affected thousands of buyers and lenders. The revival plan also reflects a growing trend of financially stronger developers taking over distressed real estate assets through court-monitored resolutions.Read more

11 May 2026

The Bombay High Court has heard a writ petition filed by Techno Freshworld LLP challenging a stop-work notice issued by the Maharashtra Housing and Area Development Authority (MHADA) in connection with a redevelopment project at Adarsh Nagar, Worli, Mumbai. The dispute centres on whether a No Objection Certificate (NOC) from the Indian Navy was mandatory for the redevelopment, which includes a rehabilitation building for 72 families and a sale component. MHADA halted construction and withheld the Occupation Certificate after the Navy objected to the project’s proximity to INS Trata. The developer argued that the project had received multiple approvals between 2022 and 2025 and fell outside the 50-metre restriction introduced under a 2022 Ministry of Defence circular. The Navy contended that the project was within 500 metres of the defence establishment and raised national security concerns linked to high-rise construction near operational naval facilities.Read more

Lucknow News Desk

11 May 2026

The Lucknow Development Authority has revised the payment terms for its Atal Nagar housing scheme, aiming to make homes more affordable for buyers. The authority has reduced the interest rate to 7 percent and extended the repayment period to 10 years, easing the financial burden on allottees. Around 630 unsold flats have been reopened for booking, with prices starting from about INR 9.82 lakh. The move is expected to improve demand, especially among low- and middle-income groups, and help clear existing inventory.Read more

10 May 2026

Sattva Group has launched its first residential project in Mumbai, Sattva Sumera, a redevelopment scheme in Parel with an estimated gross development value of INR 5,500 crore. The two-acre project will feature twin high-rise towers with over 20 lakh sq ft development potential and around 500 units in the first phase. Offering 2 and 3 BHK configurations, the project is positioned within a well-connected central corridor benefiting from infrastructure upgrades such as the Sewri–Worli Connector and Metro Line 11. The launch marks the developer’s entry into Mumbai’s redevelopment-driven housing market.Read more

10 May 2026

K Raheja Corp Homes has launched Raheja Vistas, a 7.5-acre low-density residential project in Baner Annex, West Pune, marking its entry into an emerging micro-market. The RERA-registered development will offer 2, 3 and 4 BHK units with private decks and is scheduled for completion by 2031. Around 75 per cent of the land has been allocated to open spaces, with over 40 amenities planned. The project is positioned within a larger township and incorporates sustainability features such as solar power, wastewater recycling and EV charging. The launch aligns with ongoing infrastructure investments in Pune, including metro expansion and proposed high-speed rail connectivity.Read more

10 May 2026

Marathon Realty has recorded sales of 100 residential units valued at approximately INR 60 crore within three days of launching a new tower, NeoValley Narmada, at its NeoHomes project in Bhandup, Mumbai. The development offers studio, 1 BHK and 2 BHK units ranging from 191 sq ft to 476 sq ft. Buyer data indicates that nearly 80% of purchasers are first-time homeowners, with limited investor participation. The project’s location benefits from connectivity via Central Railway, LBS Marg, Eastern Express Highway, and the upcoming Metro Line 4, reflecting continued end-user demand for compact housing within city limits.Read more

10 May 2026

Nila Spaces has listed its residential project VIDA in Gujarat International Finance Tec-City (GIFT City) on the Alt DRX platform, marking the first tokenised real estate asset under a newly launched Gujarat Tri-City investment framework. The initiative allows resident Indian investors to purchase fractional ownership in the project starting from as little as one square foot, significantly lowering entry barriers traditionally associated with residential real estate. The listing is positioned within a broader investment corridor spanning Ahmedabad, Gandhinagar and GIFT City. The company stated that the model combines physical asset ownership with digital transaction capabilities, aiming to improve liquidity and accessibility. The move comes amid continued interest in premium residential assets, where high capital requirements and limited liquidity have historically restricted participation to higher-income segments.Read more

10 May 2026

Grovy India Limited reported a 62 per cent increase in net profit to INR 2.9 crore for FY26, supported by higher revenue and continued demand in South Delhi’s premium housing market. Total revenue rose to INR 35 crore from INR 26 crore in the previous financial year. The company is developing residential projects spanning 1.53 lakh sq ft across key South Delhi locations, with delivery scheduled between FY27 and FY28. It has also lined up additional projects in Greater Kailash I and Defence Colony, indicating expansion within supply-constrained micro-markets.Read more

10 May 2026

CBRE South Asia Pvt. Ltd has launched Investment IQ Pro, an AI-driven workflow platform aimed at streamlining institutional real estate investment processes in India. Unveiled at the CII BFSI Summit in Mumbai, the platform integrates developers, lenders, consultants and trustees into a single dashboard to improve coordination, reduce approval timelines and enhance compliance. It replaces manual, email-based processes with automated systems, including document validation and audit tracking. The platform is designed to address inefficiencies in project monitoring, cashflow management and reporting, and aligns with regulatory requirements. CBRE indicated that the solution is already seeing onboarding interest from financial institutions and developers.Read more

10 May 2026

Serene Communities, the senior living arm of Lifebridge Group in collaboration with Embassy Group, has completed the handover of 239 residences at Serene Amara, a premium senior living project within the Embassy Springs township in Devanahalli, North Bengaluru. The development represents an investment of approximately INR 200 crore and marks the transition of the project into an operational residential community. The handover event was attended by senior leadership from both organisations along with residents and stakeholders. The project reflects the growing demand for purpose-built senior housing in India, with a focus on independent living supported by integrated wellness, care and social infrastructure. The development forms part of a broader trend in the evolution of senior living from care-led formats to lifestyle-oriented residential ecosystems.Read more

10 May 2026

Ashar Group has obtained Occupation Certificates (OCs) for two redevelopment projects—Ashar Arize in Kalwa, Thane and The Legend by Ashar in Pali Hill, Bandra—around 20 months ahead of their respective RERA deadlines. The developments together account for over 1,200 residential units delivered in the Mumbai Metropolitan Region. The early completion comes amid data indicating that over 40% of under-construction housing projects in the region face delays. The milestone reflects execution timelines in the redevelopment segment, which forms a significant share of new housing supply but is often associated with regulatory and construction complexities.Read more

09 May 2026

Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) registered 106 projects in the first four months of 2026, adding over 33,000 proposed units across residential and commercial segments. The total number of registered projects has crossed 4,100 since the implementation of the Real Estate (Regulation and Development) Act, 2016. Around 42.8% of these projects have already been completed. The data reflects stable developer activity, supported by consistent demand and improved regulatory oversight, while continuing the growth trend seen in project launches and housing supply over the past few years.Read more

09 May 2026

Casagrand has launched its largest residential development, Casagrand Highcity, spanning 41 acres along Chennai’s Outer Ring Road (ORR). The project comprises over 4,000 apartments across high-rise towers and includes a large-scale sports clubhouse and integrated social infrastructure. Positioned within a rapidly developing corridor with connectivity to IT hubs such as Siruseri and Porur, the development reflects increasing scale in organised housing supply in peripheral micro-markets. The project also incorporates extensive open spaces, amenities and an on-site school, aligning with the trend of integrated township-style developments in Chennai.Read more