Mumbai News Desk

4 hours ago

The directors of Mumbai-based luxury developer Notandas Realty, Mahesh Jagwani and Harsh Jagwani, have acquired the heritage Villa Wilson bungalow in Juhu for INR 135 crore, marking the company's second high-profile bungalow purchase in the suburb this year. Spread across a plot of about 1,038.5 square metres with a future developable area of roughly 11,836.94 square metres, the property was previously owned by the Wilson family for more than five decades. The company plans to develop a luxury residential project on the site with a projected gross development value of INR 600 crore.Read more

11 hours ago

Sobha reported a sharp rise in its financial performance for the first quarter, supported by higher apartment prices and sustained demand for premium homes. The Bengaluru-based real estate developer recorded nearly four times growth in consolidated net profit, while revenue also increased significantly during the quarter. The company's performance reflects the continued resilience of India's residential real estate market, particularly in the premium segment. Stable domestic interest rates and steady homebuyer demand helped the sector maintain momentum despite global economic uncertainties and concerns over inflation linked to higher crude oil prices.Read more

21 Jul 2026

Residents of Godrej Oasis in Gurugram have protested against a steep increase in common area maintenance (CAM) charges, alleging poor upkeep, lack of transparency in financial records and delays in resolving long-pending issues within the housing society. The protest also highlighted unpaid salaries of housekeeping staff, which disrupted sanitation services. Residents have demanded a rollback of the revised maintenance charges, timely payment to employees, better maintenance standards and the immediate handover of the society to the Residents' Welfare Association (RWA). The developer attributed the increase to rising operational costs and stated that residents had not taken over the society's management.Read more

21 Jul 2026

The Punjab government has introduced simplified and standardised language for property registration deeds to make real estate transactions easier for citizens and reduce legal complexities. The reform aims to replace technical legal terminology with clear, easily understandable wording while maintaining the legal validity of registered documents. The initiative is expected to improve transparency, minimise errors during registration and make property transactions more accessible for buyers and sellers. The state government said the move forms part of its broader administrative reforms to enhance the efficiency of property registration services and strengthen ease of doing business in the real estate sector.Read more

21 Jul 2026

The Jaipur Development Authority's revised setback regulations have led to a slowdown in approvals for converting residential properties into commercial establishments. The updated norms require applicants to comply with stricter setback standards aimed at improving urban planning, traffic management and public safety. However, many older properties do not meet the revised criteria, making conversions more difficult. Industry stakeholders say the changes have affected commercial activity in established neighbourhoods, while authorities maintain that the new framework is essential for ensuring planned and sustainable urban development.Read more

21 Jul 2026

The Karnataka High Court has permitted the Bangalore Development Authority (BDA) to invite applications for residential sites in the Shivarama Karanth Layout while restraining it from making allotments until further orders. The interim relief comes amid ongoing litigation over land acquisition for the project. The court observed that allowing applications would not prejudice the legal proceedings, while delaying the exercise could impose a significant financial burden on the BDA, which has already invested heavily in developing the layout.Read more

20 Jul 2026

Prestige Estates Projects Ltd launched three residential projects and one commercial development during the April–June quarter of FY2026–27, adding over 20 million sq ft of developable area to its portfolio. The three housing projects in Hyderabad, Bengaluru and Mumbai have an estimated revenue potential of INR 12,000 crore. Despite a 46% year-on-year decline in quarterly sales bookings due to a high base from the previous year, the Bengaluru-based developer remains focused on expansion, with a pipeline of marquee residential launches planned across Mumbai, NCR, Bengaluru and Chennai during the festive season. The company has also retained its annual pre-sales guidance of INR 35,000–36,000 crore.Read more

20 Jul 2026

India witnessed a sharp slowdown in both investment activity and residential housing demand during the June quarter, with new project announcements falling to their lowest level in nearly two decades, according to Centre for Monitoring Indian Economy (CMIE) data. At the same time, home sales across the country’s eight largest cities declined to a three-year low amid geopolitical tensions, high property prices and cautious buyer sentiment. While government-backed infrastructure projects continued, private sector investment remained subdued, signalling a broader moderation in economic and real estate activity.Read more

20 Jul 2026

• L&T Realty has acquired a 2.5-acre land parcel in Central Delhi for around INR 200 crore, marking its entry into one of the capital's most premium residential micro-markets.
• The company plans to develop a luxury housing project on the site, targeting the growing demand for high-end residences in central parts of Delhi.
• The acquisition strengthens L&T Realty's presence in North India and expands its portfolio beyond its established markets of Mumbai, Bengaluru and Chennai.
• The project is expected to capitalise on limited land availability and strong buyer demand for premium homes in central Delhi.Read more

20 Jul 2026

The Uttarakhand High Court has quashed a District Magistrate's order directing the issuance of a fire No Objection Certificate (NOC) to a residential project in Dehradun, ruling that key fire safety concerns required a more thorough examination. The court observed that the appellate authority had not adequately assessed the deficiencies identified by fire officials before granting relief to the developer. It has remanded the matter to the District Magistrate for a fresh decision after hearing all stakeholders, underscoring that fire safety compliance cannot be diluted through procedural oversight.Read more

20 Jul 2026

• The Telangana High Court has stayed the Greater Hyderabad Municipal Corporation's (GHMC) proposed demolition action against the BLISS residential project in Somajiguda after the developer challenged a show-cause notice.
• The dispute centres on GHMC's allegation that parts of the project fall within the Full Tank Level (FTL) and buffer zone of Bum-Rukn-ud-Daula Lake, violating planning and environmental norms.
• Pradeep Constructions has argued that the project was undertaken after obtaining the necessary statutory approvals and sought judicial intervention against coercive action.
• The High Court has directed authorities to maintain the status quo until the matter is heard further, with the case expected to shape future enforcement of lake protection regulations in Hyderabad.Read more

19 Jul 2026

Ireland’s residential property market recorded annual house price inflation of 6.2% in May, unchanged from the previous month and marking the slowest annual growth rate in almost two and a half years, according to Central Statistics Office data released earlier this week. The figures indicate that the pace of price increases has moderated from the 10.1% peak seen in August 2024, although housing values remain substantially higher than a decade ago. Prices are now nearly three times the level recorded at the 2013 trough following Ireland’s major property market crash.Read more

19 Jul 2026

Hyderabad's residential market held steady through the first half of 2026, with home sales inching up 1 percent year-on-year to 19,249 units even as new launches slipped 2 percent, according to Knight Frank India. Property prices rose 7 percent on average, led by Banjara Hills. Meanwhile, the city's office market outperformed, recording its best-ever first-half leasing volume at 7.5 million sq ft, a 29 percent jump, driven largely by Global Capability Centres. Vacancy levels tightened despite fresh supply entering the market.Read more

19 Jul 2026

The House of Abhinandan Lodha (HoABL) has announced that its 78-acre Nagpur Marina development in South Nagpur has become the first and only project in Central India to qualify as an Alpha Grade Luxury Asset under the assessment framework developed by independent real estate research firm Liases Foras. The research-based framework evaluates luxury developments across five parameters, including brand credibility, location, design, hospitality integration and exclusivity. HoABL said the recognition reflects the project's positioning as an investment-grade luxury development, supported by infrastructure connectivity, managed hospitality services, curated amenities and a limited inventory targeting high-net-worth buyers from India and overseas.Read more