09 Feb 2026

The Uttar Pradesh government has introduced a revised One-Time Settlement (OTS) scheme to resolve long-pending residential and commercial housing allotment cases. The move targets unpaid dues and stalled allotments under state housing and development authorities. The updated framework builds on earlier settlement efforts that were disrupted during the COVID-19 period. The scheme offers financial relief through rebates and structured payment options while aiming to speed up dispute resolution. The initiative is expected to ease pressure on allottees and improve revenue recovery for housing agencies across the state.Read more

09 Feb 2026

Skanska reported fourth-quarter operating profit slightly below market expectations, as weak housing demand across the Nordic region continued to affect property sales and development activity. While operating profit rose 11% year-on-year to SEK 2.98 billion, it fell short of analyst estimates amid persistently low consumer confidence in Sweden and neighbouring markets. The company indicated that residential construction and commercial property development remained subdued, with limited new project launches. In the US, Skanska highlighted continued stagnation in the commercial property market, citing low transaction volumes and investor caution linked to long-term interest rate levels. Although central banks have begun easing monetary policy, the company expects only a gradual recovery in Nordic and Central European housing markets during 2026, while the US commercial property sector is likely to remain under pressure for longer.Read more

09 Feb 2026

Arvind SmartSpaces Ltd has acquired a 4.7-acre land parcel on Sarjapur Road, Bengaluru, on an outright basis to develop a residential housing project with an estimated saleable area of around 6.8 lakh sq ft. The project carries a topline revenue potential of approximately INR 860 crore and marks a further expansion of the company's vertical residential portfolio in the city. The acquisition strengthens Arvind SmartSpaces presence in one of Bengaluru's key residential corridors, following its earlier additions in the market. The developer entered Bengaluru in 2013 and has steadily expanded its footprint across the region. With multiple projects already delivered and several under development, the company continues to focus on high-growth urban markets as part of its broader residential expansion strategy.Read more

Mumbai News Desk

09 Feb 2026

Mumbai's premium housing market recorded another high-value residential transaction as an ultra-luxury apartment in Worli was sold for INR 123.5 crore. The property was acquired by Radha Tanti, an angel investor and wife of Suzlon Energy's executive vice chairman. Located in the Artesia tower, the apartment offers a large carpet area along with a private balcony and multiple parking spaces. The deal reflects continued interest in limited high-end homes in central Mumbai despite a cautious buyer environment.Read more

09 Feb 2026

The Chandigarh Administration has tightened regulations governing paying guest (PG) accommodations to strengthen safety, planning compliance, and accountability. Under the revised policy, PG registration will now be allowed only in residential buildings that have a valid completion certificate and an occupation certificate. The earlier provision that permitted conditional approvals, where pending documents could be submitted later, has been withdrawn. The move is aimed at preventing unauthorised PG operations, ensuring buildings meet approved standards, and addressing long-standing concerns around unregulated residential use across the city.Read more

09 Feb 2026

The Supreme Court has ordered NBCC to complete 16 pending Supertech housing projects, providing relief to thousands of homebuyers waiting over a decade for possession. Upholding the December 2024 NCLAT directive, the court emphasized that homebuyers interests take priority over financial and operational creditors, who must accept fair adjustments. The completed homes must include all promised amenities, and NBCC will be supported by an expert committee to expedite delivery. Tribunals and high courts have been barred from issuing orders that could delay construction, ensuring swift execution of these long-stalled projects.Read more

07 Feb 2026

The Uttar Pradesh Housing and Development Board has generated approximately INR 1,000 crore in revenue through its recent first-come, first-served housing scheme, according to official disclosures. The initiative, launched late last year, allows homebuyers to book unsold units across the state through a centralised online portal that provides comprehensive property details. More than 2,140 flats have been booked so far. To incentivise participation, the board offered a 15 per cent discount for full payments made within 60 days of booking and a 10 per cent rebate for payments completed within 90 days. The scheme, open until the end of March, has helped convert long-standing unsold inventory into booked homes and bolstered housing board revenue, while emphasising transparency and ease of access in the booking process.Read more

07 Feb 2026

Housing price growth across India's top eight residential markets slowed sharply to an average of 6% in 2025, compared to 17% in 2024, reflecting a phase of market normalisation, according to PropTiger. While Bengaluru and Hyderabad continued to record relatively stronger price appreciation, most other cities witnessed muted growth or consolidation after steep increases in the previous year. The report highlighted disciplined supply additions, stable inventory levels and a cautious buyer sentiment amid economic uncertainty. Residential sales declined 12% year-on-year to their lowest level since 2022, while new supply also moderated. Despite slower momentum, PropTiger noted that developers largely protected pricing integrity, indicating a balanced market entering 2026 rather than a sharp correction.Read more

Gurugram News Desk

06 Feb 2026

Haryana's flagship affordable housing policy has effectively stalled in Gurugram and Faridabad, with developers and industry stakeholders saying that escalating land and construction expenses have made projects under the scheme financially unviable. Officials from the Town and Country Planning Department have confirmed that no new licences for affordable housing projects have been granted in Gurugram over the past one-and-a-half to two years, and the Gurugram-Manesar Master Plan area has not seen any fresh affordable housing developments during this period. Under the current policy, the sale price of affordable units is capped at INR 5,000 per sq ft, but surging input costs have far outpaced this rate, leaving developers unable to meet prescribed price limits. Homebuyers and industry bodies are now urging the state government to revise the pricing framework and make the policy continuous rather than episodic to restore project momentum.Read more

06 Feb 2026

Haryana is set to pilot a faceless property registration system in Faridabad, with the project expected to begin by the end of March. The three-month trial will be conducted in one tehsil and closely monitored before any statewide expansion. Hosted on the MeitY Cloud, the system aims to digitise the entire registration process, reduce physical interaction and limit human discretion. Officials say the initiative could improve transparency, speed up registrations and reduce procedural delays while strengthening public trust in land transactions.Read more

06 Feb 2026

Dubai Residential REIT has reported higher full-year profit and revenue, supported by stable rental income and steady demand across its residential portfolio. Net profit rose to AED 1.28 billion from AED 1.12 billion a year earlier, while revenue increased to AED 1.95 billion from AED 1.79 billion. Alongside the earnings growth, the board has proposed a dividend of 4.2 fils per share for the second half of 2025, subject to approvals. The performance aligns with broader strength in Dubai's residential rental market.Read more

Mumbai News Desk

06 Feb 2026

Mumbai's residential development landscape saw a pronounced decline in studio apartment supply during 2025, with only 790 studio units launched across the city — the lowest figure recorded in the past five years, according to data from the Maharashtra Real Estate Regulatory Authority (MahaRERA). This segment accounted for just 2 per cent of total housing launches in the calendar year, which comprised 42,643 units across all configurations. By contrast, smaller apartments such as 1 BHK and 2 BHK homes continued to represent the bulk of new supply, together making up nearly 60 per cent of all launches. The fall in studio introductions underscores a shift in developer focus and market dynamics, as competitors prioritise larger configurations that offer higher revenue potential amid an overall slowdown in housing supply in India's largest residential market. Analysis of launch trends suggests that subdued interest in micro-units aligns with broader structural real estate patterns in the city.Read more

Mumbai News Desk

05 Feb 2026

At least 61 individuals in Mumbai have been defrauded of a total of INR 2.41 crore by persons posing as officials capable of securing Maharashtra Housing and Area Development Authority (MHADA) flats at subsidised rates, a complaint registered with Rabale police has alleged. The case was lodged by a property consultant who said he, a colleague and 61 clients were misled by the accused into making advance payments for purportedly low-cost MHADA housing in areas including Powai, Wadala and Worli. Payments were collected on promises of flats at below-market prices with potential resale gains, but when the complainants sought to complete the transactions they discovered the listings and accompanying documentation were fake. One key intermediary has already been arrested in a related matter, while another suspect remains at large as investigations proceed.Read more