21 Jan 2026

Crest Urban Living Private Limited, a wholly owned subsidiary of Crest Ventures Limited, has entered into a joint development agreement with Vensco Group to develop 'Crest Golfshire', a golf course-facing luxury mixed-use residential project in Chembur, Mumbai. Spread over about 2.7 acres opposite the Bombay Presidency Golf Course, the project has an estimated gross development value of around INR 1,850 crore. The development will offer nearly 5 lakh sq ft of saleable area comprising premium 3 BHK and 4 BHK homes with permanent green views. Crest Golfshire marks Crest's entry into golf-oriented luxury housing in Mumbai and is positioned to benefit from improving connectivity and infrastructure in the eastern suburbs.Read more

20 Jan 2026

Bollywood filmmaker and producer Karan Johar purchased an apartment in the Pali Vintage building in Khar West, Mumbai, for INR 8.05 crore. The 1,060.13 sq ft carpet-area apartment includes two dedicated car parking spaces. Stamp duty for the deal amounted to INR 48 lakh, with registration charges of INR 30,000. Khar West is a highly sought-after residential neighbourhood, offering good connectivity, upscale amenities, and proximity to business hubs like Bandra Kurla Complex. This purchase highlights the continued interest of high-net-worth individuals in Mumbai's luxury real estate market.Read more

20 Jan 2026

Sunteck Realty Limited is set to launch the first phase of an ultra-luxury residential development in Goregaon West with an initial investment of INR 1,250 crore. Spread across a prime three-acre land parcel, the 42-storey project carries a total gross development value of around INR 3,000 crore and is positioned as a landmark offering in Mumbai's western suburbs. Designed by internationally acclaimed architect James Law, the development combines ultra-luxury residences with premium commercial, retail, and fine-dining spaces, creating a future-ready mixed-use ecosystem.Read more

20 Jan 2026

Canadian home sales fell 1.9% in 2025 to 470,314 units, influenced by an early-year slowdown from U.S. tariffs, with December sales and prices also declining. CREA highlighted uneven slowdowns across major cities and advised against extrapolating December trends into the new year. Sales are expected to rebound as spring approaches, supported by lower interest rates and ongoing demand. CREA forecasts a 5.1% increase in sales and a 2.8% rise in average prices this year, led by British Columbia and Ontario, with continued growth projected into 2027.Read more

20 Jan 2026

The Goa government has made it mandatory for large residential, commercial, industrial, and government buildings to install rooftop rainwater harvesting systems. This move is aimed at improving water conservation and recharging groundwater in the state. The policy applies to residential complexes on plots of 2,000 square metres and above, commercial complexes on 1,500 square metres or more, and industrial units on 10,000 square metres or more. Exemptions are provided for buildings with sewage treatment plants or greywater recycling systems. The initiative also links to the Catch the Rain 2025 campaign for schools and government buildings.Read more

20 Jan 2026

K Raheja Corp has announced plans to develop a global school on a 1.18-acre land parcel in Juinagar, Navi Mumbai, as part of its large mixed-use development in the region. The international school, with a built-up area of around 1.8 lakh sq ft, will offer education up to Class 12 and is expected to commence its first academic session within the next three to four years. While the company has not disclosed the total investment for the project, the initiative underlines its focus on creating integrated urban ecosystems that combine education, workplaces, residences and lifestyle infrastructure. The school will form a key social infrastructure component of the developer's over 50-acre mixed-use township in Navi Mumbai.Read more

19 Jan 2026

Megatel Homes LLC is set to launch its first crypto payments and rewards token, MegPrime, after receiving a no-action letter from the SEC. The token will allow users to make payments, earn rebates, and redeem points for housing-related benefits, continuing a program that began in 2019 offering renters equity toward home purchases. CEO Zach Ipour emphasized the plan merges real estate operations with digital currency. The token will not confer any ownership or investment rights, reflecting growing adoption of blockchain in mainstream consumer programs.Read more

19 Jan 2026

M3M India and Smartworld Developers have entered into a partnership with global luxury brand Elie Saab to develop two branded residential projects in Gurugram and Noida with a combined investment of around INR 3,500 crore. The developments will include about 950 premium homes across both locations, positioned as high-end branded residences. The projects mark Elie Saab's first association with residential real estate in India and are planned for completion by 2030, reflecting rising demand for globally designed luxury housing in NCR.Read more

19 Jan 2026

Bengaluru-based Sumadhura Group plans to invest around INR 6,000 crore to develop six new residential projects in the city, reflecting continued confidence in housing demand, particularly in premium segments. The projects, scheduled for launch during the current quarter, will comprise over 4,000 units including apartments and residential plots. Located across east and north Bengaluru, the developments will span nearly 90 acres and offer a total saleable area of more than 8 million square feet. The company expects to generate around INR 10,000 crore in revenue from these projects. Despite broader market data showing flat quarterly sales in Bengaluru, Sumadhura sees sustained end-user demand. Over the past three decades, the group has delivered 56 projects covering more than 17 million square feet across multiple real estate verticals.Read more

19 Jan 2026

Prestige Estates has recorded strong growth in sales bookings, reporting a 39 per cent rise to INR 4,183.6 crore in the third quarter, with pre-sales in the first nine months more than doubling to INR 22,327.3 crore. The company sold 1,811 units in the quarter, taking nine-month sales to 8,598 units, and achieved 16.95 million sq ft in cumulative sales volume. Mumbai, Bengaluru, and Hyderabad led the geographical mix, and the average price per sq ft rose by 6 per cent. The performance reflects strong customer confidence in the Prestige brand.Read more

19 Jan 2026

The Delhi Development Authority's Karmayogi Awaas Yojana 2025 witnessed strong demand as nearly 60 per cent of the 684 flats were booked within the first 24 hours of launch. The initial bookings are expected to generate around INR 450 crore in revenue. One BHK units were almost fully sold on the first day, while two BHK flats contributed the most to early revenue. Officials attribute the response to improved infrastructure, upcoming transit links, and the area's growing appeal for government employees. Bookings remain open until the end of March.Read more

19 Jan 2026

The Supreme Court has clarified that homebuyers maintenance societies and Resident Welfare Associations (RWAs) do not have the legal right to intervene in the insolvency proceedings of a developer under the Insolvency and Bankruptcy Code (IBC). The court observed that such societies are formed to manage common facilities and do not automatically qualify as financial creditors unless they have directly advanced money or are legally recognised. The ruling reinforces that only genuine creditors aiming at corporate revival can participate in the insolvency process. Homebuyers still have alternative legal remedies outside insolvency forums.Read more

18 Jan 2026

The Punjab government has reduced reserve prices for unsold Greater Mohali Area Development Authority (GMADA) properties by an average of 22% to encourage sales. The move covers residential plots, commercial spaces, industrial parcels, institutional land, and hotel sites that remained unsold despite repeated e-auctions over the past five years. A committee of independent valuers reviewed and recommended the revised prices, which will remain effective for a year, with provisions for further reductions if properties continue to remain unsold. The initiative aims to align prices with market realities and revive real estate activity in the region.Read more

18 Jan 2026

Existing home sales in the United States accelerated in December, supported by easing mortgage rates and slower growth in house prices, according to data released by the National Association of Realtors. Sales rose sharply on a monthly basis and exceeded market expectations, while annual growth also turned positive. Improving conditions in the final quarter of the year were attributed to reduced borrowing costs and more moderate price increases, although housing inventory remained constrained. Mortgage rates declined during 2025 but continued to stay well above levels seen three years earlier. Inventory levels showed a marginal improvement, while median home prices recorded only modest annual growth, reflecting ongoing affordability pressures.Read more