36 minutes ago

The Lucknow Municipal Corporation (LMC) has approved a One-Time Settlement (OTS) scheme to help house tax defaulters clear pending dues by offering relief on accumulated interest and penalties. The initiative aims to improve tax recovery while easing the financial burden on property owners whose outstanding liabilities have increased due to delayed payments and revised property assessments. Civic officials expect the scheme to encourage voluntary compliance, strengthen municipal finances and generate additional revenue for infrastructure development and public services across the city. Eligible property owners will be able to settle their dues within the notified period under the scheme, with the detailed operational framework and implementation guidelines to be announced by the municipal corporation.Read more

2 hours ago

The Municipal Corporation of Gurugram (MCG) is facing a backlog of around 5,000 pending property ID applications, delaying property-related services and transactions for residents. Officials attributed the pendency to an increase in applications, administrative delays and the recent reshuffling of clerical staff, which slowed the verification and approval process. MCG has begun deploying additional personnel and streamlining digital processes to expedite approvals and reduce the backlog, while assuring applicants that pending cases will be cleared in phases. Property IDs are essential for services such as property tax assessment, ownership verification and property transactions, making timely processing crucial for residents and the real estate sector.Read more

23 Jul 2026

Ashiana Housing Ltd has sold 224 premium residential units worth INR 372.45 crore at its Ashiana Oma project in Jaipur, reflecting sustained demand for organised housing in the city. Developed under a revenue-sharing joint venture model, the 10.35-acre project comprises 280 residential units and is located at Mansarovar Extension, Jaisinghpura, along Jaipur's Ajmer Road corridor. The homes sold account for around 4.80 lakh sq ft of saleable area. The listed developer said the strong response indicates increasing buyer preference for planned residential communities offering quality construction, open spaces and long-term value. Ashiana Housing has delivered more than 55 projects across its portfolio.Read more

23 Jul 2026

The Delhi government will soon issue smart property cards to residents of Lal Dora areas across 48 villages under the SVAMITVA (Survey of Villages and Mapping with Improvised Technology in Village Areas) scheme. The initiative aims to create authenticated digital property records, resolve long-standing ownership disputes and improve transparency in village abadi areas. Surveys have been completed in 30 villages, with final property cards already prepared, while 12,232 properties have been surveyed, of which 8,423 have been found dispute-free. The QR code-enabled PVC cards will carry detailed ownership information and will be integrated with the Delhi Online Registration Information System (DORIS) for real-time record updates.Read more

23 Jul 2026

The Goa government has amended the state's registration framework to allow property deeds to be registered at any sub-registrar office within the same district, irrespective of where the property is located. The change, introduced through a notification issued under the Registration Act, is intended to simplify the registration process, improve administrative efficiency and provide greater convenience to citizens. The revised framework also continues to classify registration offices into different categories for administrative purposes while expanding the flexibility available for document registration.Read more

23 Jul 2026

The Municipal Corporation Gurugram (MCG) has partnered with The Art of Living Social Projects to restore and sustainably manage selected urban ponds across Gurugram. The collaboration aims to address the growing degradation of the city's water bodies caused by rapid urbanisation, encroachments, sewage inflow, and waste dumping. The project will focus on scientific restoration, ecological conservation, groundwater recharge, biodiversity enhancement, and long-term monitoring. Alongside technical interventions, the initiative also seeks to involve local communities through awareness programmes and volunteer participation to ensure sustainable management of the restored water bodies.Read more

23 Jul 2026

Actor John Abraham has acquired a century-old bungalow in Mumbai's Bandra for approximately INR 84 crore, adding another landmark property to the city's premium residential market. The heritage home, located in one of Bandra's most sought-after neighbourhoods, will be retained in its existing form, with no redevelopment planned. The transaction reflects the growing appeal of standalone heritage residences among high-net-worth buyers, even as redevelopment continues to dominate Mumbai's residential landscape.Read more

23 Jul 2026

Youthville has expanded its student housing portfolio with the launch of its 11th property, a girls' hostel in Mumbai's Vile Parle. The new facility strengthens the company's presence in Mumbai and Pune as it works towards its target of operating 15,000 beds over the next five years. Located near major educational institutions, the property offers professionally managed accommodation with modern amenities and security features. The expansion reflects the growing demand for organised student housing in India's key education hubs, where students increasingly prefer managed living spaces over conventional hostels and rented accommodation.Read more

Noida News Desk

23 Jul 2026

The Federation of Noida Residents Welfare Associations (FONRWA) has urged the Noida Authority and district administration to strengthen enforcement against unauthorised paying guest (PG) accommodations operating in residential sectors. The residents' body has sought verification of permissions, compliance with planning regulations and action against properties functioning in violation of applicable norms. It has also called for regular inspections to address concerns relating to civic infrastructure, public safety and the increasing commercial use of residential neighbourhoods.Read more

22 Jul 2026

Maharashtra has begun work on a new law that proposes the blockchain-based tokenisation of land and other immovable properties, making it the first state in India to pursue such legislation. The proposed framework aims to digitally represent property value through tokens while ensuring legal protection and ownership clarity. An expert committee with representatives from SEBI, BSE, NSE and industry specialists will help draft the framework. The initiative is expected to improve property transactions, unlock the value of real estate assets and support the state's long-term economic growth plans.Read more

22 Jul 2026

Indian real estate recorded 39 deals worth USD 2.3 billion during the April-June quarter, according to Grant Thornton Bharat, marking a nearly threefold increase over the previous quarter. The rise was driven by a recovery in fundraising through IPOs and Qualified Institutional Placements (QIPs), along with strong private equity investments. Merger and acquisition activity also remained steady, while institutional investors continued to focus on income-generating commercial assets. The quarter also saw major REIT transactions, reflecting sustained investor interest in India's commercial real estate sector.Read more

Mumbai News Desk

22 Jul 2026

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

22 Jul 2026

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