44 minutes ago

• The Odisha Real Estate Appellate Tribunal (OREAT) has ruled that the Odisha Real Estate Regulatory Authority (ORERA) cannot retain the entire project registration fee if an application is rejected or withdrawn after the prescribed period.
• Calling the practice arbitrary and without legal backing, the tribunal directed ORERA to refund the fees in two cases after deducting 12% towards administrative expenses.
• The tribunal observed that registration fees under the Real Estate (Regulation and Development) Act are regulatory in nature and cannot be treated as a penalty.
• OREAT also recommended that ORERA introduce a transparent refund mechanism for rejected or withdrawn applications to avoid similar disputes in the future.Read more

11 hours ago

The Haryana Department of Town and Country Planning has issued a clarification on amendments to the Haryana Building Code, 2017, explaining the applicability of revised occupation certificate provisions introduced in December 2025. The clarification specifies that the amended norms will apply prospectively and outlines how pending and completed building applications will be treated. The move is intended to ensure uniform implementation of the revised building regulations by planning authorities across the state while providing clarity to property owners and developers.Read more

01 Jul 2026

Kalpataru Projects International Ltd (KPIL) and its international subsidiaries have secured new orders worth INR 2,957 crore across the transmission and distribution (T&D), buildings and factories, and water business segments. The contracts cover power transmission projects in India and overseas, building and factory developments in India, and a water infrastructure project in the Middle East secured through a joint venture or consortium. The latest order book also marks KPIL's strategic entry into the Middle East water sector. The company said the diversified order inflows strengthen its business pipeline and support its growth outlook for FY26–27 across domestic and international markets.Read more

01 Jul 2026

• Reliance Industries' entry into the redevelopment of Mumbai's 101-acre Juhu Galli slum cluster has renewed optimism among residents after years of stalled rehabilitation efforts.
• The project is expected to provide more than 28,000 rehabilitation homes while transforming one of Mumbai's largest informal settlements into an integrated urban neighbourhood.
• Despite renewed confidence following the selection of a financially strong developer, residents remain cautious about execution timelines, transit arrangements and timely rehabilitation.
• The redevelopment marks a significant shift in Mumbai's housing sector, with large corporate groups increasingly participating in complex slum renewal projects under Maharashtra's cluster redevelopment policy.Read more

01 Jul 2026

Housing sales across India's seven major residential markets declined 6 per cent year-on-year to 90,715 units during the April-June quarter, according to Anarock, as higher property prices and economic uncertainties weighed on buyer sentiment. The consultant attributed the slowdown to geopolitical tensions in the Middle East and uncertainty surrounding employment in the IT and ITeS sectors. While sales weakened in four major cities, Bengaluru, Hyderabad and Kolkata recorded growth. At the same time, developers launched 7 per cent more homes than a year earlier, with average residential prices across the seven cities increasing by 7 per cent. Delhi-NCR registered the highest annual price appreciation at 13 per cent.Read more

01 Jul 2026

• The Dharwad District Consumer Disputes Redressal Commission has ruled in favour of a senior citizen whose residential plot remained unregistered despite substantial payment to the developers.
• The commission directed the developers to allot an alternative plot, execute the sale deed within a specified timeframe and compensate the complainant for mental agony and litigation costs.
• The order held that the prolonged delay in registration amounted to a deficiency in service and unfair trade practice by the developers.
• The ruling reinforces consumer protection in real estate transactions by affirming that developers must honour contractual commitments after accepting payments from buyers.Read more

01 Jul 2026

The Chhattisgarh Housing and Infrastructure Development Board (CGHIB) has generated INR 1,532 crore through the sale of 7,388 residential and commercial properties over the past two years, marking a financial turnaround after a prolonged period of operational challenges. Announcing the figures during the unveiling of the board's new logo in Nava Raipur, Chief Minister Vishnu Deo Sai said the organisation would expand its role beyond housing construction to undertake infrastructure development across the state. He also highlighted the government's focus on affordable housing, noting that approval for 18 lakh houses under the Pradhan Mantri Awas Yojana (PMAY) was granted during the first cabinet meeting after the present administration assumed office. The board's improved financial position is expected to strengthen its capacity to execute future housing and infrastructure projects.Read more

01 Jul 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued show-cause notices to promoters of 76 registered real estate projects for failing to upload mandatory annual audit reports for FY2024-25 within the prescribed timeline. The authority has directed the defaulting promoters to submit the pending reports within 15 days along with a late fee of INR 25,000, warning that continued non-compliance could attract penalties of up to 5% of the estimated project cost under the Real Estate (Regulation and Development) Act. UP RERA said annual audit reports are a key mechanism for ensuring financial transparency, regulatory oversight and public disclosure, enabling homebuyers to monitor project compliance and safeguarding the interests of allottees.Read more

30 Jun 2026

Oberoi Realty has entered the Delhi-NCR residential market with the launch of its first luxury housing project, 'Three Sixty North', on Golf Course Extension Road in Gurugram. The two-phase development has a total revenue potential of INR 16,000 crore and will require an investment of around INR 6,000 crore. The first phase comprises 832 apartments across six towers, with prices starting at INR 19 crore. The Mumbai-based developer said the project marks a significant step in expanding its presence beyond its stronghold in the Mumbai Metropolitan Region.Read more

30 Jun 2026

The Maharashtra Coastal Zone Management Authority (MCZMA) has granted coastal clearance for the redevelopment of a sea-facing residential property owned by actor Salman Khan's mother, Salma Khan, in Bandra (West), Mumbai. The project, which had already received the Brihanmumbai Municipal Corporation's (BMC) Intimation of Disapproval (IOD) last year, proposes a ground-plus-stilt-plus-six-storey residential building with a total built-up area of 1,014.11 square metres. The approval comes with conditions requiring the redevelopment to retain the existing land use and remain within the permissible Floor Space Index (FSI) limits under applicable planning regulations.Read more

30 Jun 2026

A district consumer commission in Gautam Buddh Nagar has granted relief to a homebuyer who remained without possession of an apartment for more than 12 years after booking it with Ansal Hi-Tech Townships. The commission concluded that the prolonged delay amounted to a failure in service and directed the developer to return the buyer's investment with applicable interest. It also awarded compensation for mental distress and litigation expenses, reinforcing that developers cannot indefinitely retain buyers' money without delivering the promised property.Read more

30 Jun 2026

Century Real Estate has announced Century Immencity, a mixed-use development spanning more than 50 acres in Jakkur, North Bengaluru, with a planned built-up area of around 11 million sq ft. The project will integrate residential, commercial, retail, hospitality and lifestyle components within a single development and will be executed in phases. The first phase, comprising around one million sq ft each of residential and commercial space, is already under construction. Located along the International Airport Road corridor, the development is expected to benefit from planned metro connectivity and surrounding infrastructure projects. Century Real Estate said the project has been designed with international planning consultants and aims to accommodate businesses, residents and visitors within an integrated urban environment.Read more

30 Jun 2026

The Centre has approved the construction of more than 6.18 lakh rural houses in Uttar Pradesh under the new phase of the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) for 2024-29, while also extending the minimum support price (MSP) procurement period for wheat, gram and lentils until July 8. The decisions were announced during a review meeting between Union Agriculture and Rural Development Minister Shivraj Singh Chouhan and Uttar Pradesh Chief Minister Yogi Adityanath in Lucknow. Alongside housing approvals, the Centre outlined measures to strengthen agricultural planning, water management and crop diversification, while reaffirming financial and technical support for timely implementation of the rural housing programme.Read more

30 Jun 2026

Hong Kong's private home prices continued their upward trend in May, rising 1.4% from the previous month to record a twelfth consecutive monthly increase. The steady growth was supported by positive market sentiment, improved stock market performance, stronger demand from mainland Chinese buyers and professionals, and easing housing oversupply. Property prices have now gained 7.4% so far this year, reaching their highest level since October 2023. However, market experts believe the momentum could slow in the second half of the year due to a weaker stock market, possible interest rate hikes and tighter regulations on outbound investment from mainland China.Read more

30 Jun 2026

The Chhattisgarh government has directed a comprehensive safety audit of multi-storey residential buildings, commercial establishments, educational institutions, hotels and other public buildings across the state following recent fire incidents in different parts of the country. Chief Minister Vishnu Deo Sai has instructed authorities to carry out detailed inspections covering fire safety systems, structural stability, emergency preparedness and compliance with prescribed norms. The statewide exercise will be coordinated by district administrations and municipal authorities, with officials directed to rectify identified deficiencies and initiate action against establishments found violating safety regulations. The move follows concerns over recent fatal fire accidents, including the blaze in Lucknow that claimed 15 lives.Read more

30 Jun 2026

Puravankara Ltd has entered into a joint development agreement (JDA) to develop a 6.4-acre residential project in Sarjapur, Bengaluru, with an estimated revenue potential of INR 1,000 crore. The proposed development will offer a saleable area of approximately 0.8 million sq ft, further strengthening the developer's presence in one of Bengaluru's fastest-growing residential corridors. While the company has not disclosed the identity of the landowner or the commercial terms of the agreement, the transaction reflects the growing preference among developers for asset-light land acquisition through JDAs. As of the end of FY2025-26, Puravankara had completed 95 projects spanning 57 million sq ft across nine Indian cities and had ongoing developments covering nearly 36.69 million sq ft.Read more