15 Apr 2026

The Prayagraj Municipal Corporation (PMC) has introduced a 25% rebate on property tax for newly constructed residential buildings, aimed at encouraging fresh housing development and easing the financial burden on property owners. The decision, taken in the past week, applies to the annual rental value assessment, effectively reducing overall house tax liability for eligible properties. The measure forms part of a broader set of fiscal interventions by the civic body, which has recently revised tax frameworks and introduced targeted incentives across property categories. The move is expected to support new residential supply in the city while improving compliance and expanding the municipal tax base through structured incentives.Read more

15 Apr 2026

The Andhra Pradesh Township and Infrastructure Development Corporation (TIDCO) has introduced an integrated township model in Vijayawada, shifting from standalone housing to fully serviced residential clusters for economically weaker sections. The initiative, highlighted in recent updates, combines housing with physical infrastructure, social amenities, and livelihood support systems. Developments include internal road networks, underground drainage, water supply integration, and energy-efficient provisions. The model also incorporates livelihood centres to promote self-employment, particularly among women. The approach reflects a broader recalibration of state-led housing schemes, emphasising long-term habitability and economic sustainability alongside large-scale delivery of affordable housing units across urban areas.Read more

Lucknow News Desk

15 Apr 2026

The Lucknow Development Authority (LDA) is set to introduce a new residential plot scheme, offering over 2,000 plots in its first phase as part of a broader expansion of housing supply in the city. The scheme, expected to be rolled out shortly, aims to address increasing demand for plotted developments driven by urban growth and infrastructure expansion. Authorities indicated that allotment will follow a transparent process, likely through a lottery system, with detailed information on plot sizes, pricing and application timelines to be released separately. The initiative forms part of LDA's wider strategy to develop new residential layouts and townships while improving access to organised housing across income segments in Lucknow.Read more

14 Apr 2026

Existing home sales in the United States declined to a nine-month low in March, falling 3.6% to an annualised rate of 3.98 million units, according to industry data. The slowdown reflects persistent supply shortages, elevated mortgage rates, and concerns around labour market conditions. Despite a modest rise in housing inventory to 1.36 million units, levels remain below historical norms. Median home prices increased to USD 408,800, marking a year-on-year rise, while affordability weakened. Market conditions have also been influenced by geopolitical tensions, which have pushed up borrowing costs. The data indicates a cautious outlook for residential transactions, with growth projections for the year revised downwards.Read more

14 Apr 2026

Maharashtra Chief Minister Devendra Fadnavis has instructed authorities to establish a structured and accessible affordable rental housing system in Mumbai, alongside a dedicated digital platform to streamline access for citizens. The directive, issued following a policy review meeting in the past week, responds to sustained migration into the city and the resulting pressure on rental housing supply. The proposed framework emphasises aligning demand and supply, ensuring legal compliance in tenancy agreements, and reducing disputes. Measures include appointing designated authorities under the Maharashtra Rent Control Act and strengthening institutional mechanisms for oversight. The move is positioned within the broader effort to address housing affordability challenges for working populations and migrants in India's financial capital.Read more

14 Apr 2026

State-owned NBCC Ltd has entered into two agreements with Housing and Urban Development Corporation Ltd (HUDCO), including one for the redevelopment of August Kranti Bhawan in Bhikaji Cama Place, New Delhi. The project covers a leasehold land parcel of 18,830 sq m, with NBCC responsible for feasibility assessment, construction, project management, and monetisation of built space. A separate agreement enables HUDCO to provide financial support for NBCC's ongoing and future projects under its self-sustainable model. The arrangement reflects continued collaboration between public sector entities in urban redevelopment and project financing within the national capital.Read more

14 Apr 2026

UK homebuilder Vistry has appointed Adam Daniels as its new CEO with immediate effect, replacing Greg Fitzgerald, who stepped down after nine years. The leadership change comes as the company faces margin pressure and weak housing demand. Shares fell following the announcement, reflecting investor concerns. Vistry has warned that rising costs, planning delays and subdued demand will impact profitability through 2026. Daniels, a long-time executive, brings extensive industry experience. The company will continue to focus on cash generation, increasing open market sales and reducing inventory, as the broader UK housing sector remains under pressure.Read more

13 Apr 2026

U.S. mortgage rates fell slightly to 6.51% for the 30-year fixed-rate loan, the first decrease since the Iran conflict began, but the shift has not significantly improved conditions for buyers dealing with high costs and expensive homes. Refinancing declined, and purchase applications remain below last year's levels. Rising Treasury yields and increased fuel costs have added to financial pressure. Housing affordability remains a political focus, with the Trump Administration preparing a major policy announcement, building on earlier proposals to limit institutional home purchases and boost mortgage-backed securities purchases to lower borrowing rates.Read more

13 Apr 2026

The National Company Law Appellate Tribunal (NCLAT) has adjourned the hearing on Vedanta Ltd's challenge to Adani Enterprises INR 14,535 crore bid for Jaiprakash Associates Ltd (JAL), due to a change in bench composition. Vedanta has filed appeals against the NCLT's approval of the resolution plan under the Insolvency and Bankruptcy Code. Earlier, both the NCLAT and the Supreme Court declined to stay the process, though the outcome remains subject to final rulings. The Supreme Court also directed that key decisions by the monitoring committee require tribunal approval. The case is closely watched given JAL's significant role in India's real estate and infrastructure sectors.Read more

13 Apr 2026

Hawelia Group has secured approval from the Uttar Pradesh Real Estate Regulatory Authority to take over and complete the stalled Shri Radha Sky Gardens project in Greater Noida. The developer plans to invest INR 770 crore to deliver 2,064 residential units across the 22-acre project, benefiting over 2,000 homebuyers affected by long delays. The project, originally developed by SJP Infracon, is expected to be completed within 42-48 months. Backed by funding from the Washington State Investment Board, the revival follows regulatory clearances, including approval from the Greater Noida Authority and execution of a joint development agreement.Read more

13 Apr 2026

Britain's housing market cooled last month as the Iran conflict and rising mortgage rates reduced buyer interest, according to RICS. House prices fell sharply, while new buyer demand and sales expectations dropped to multi-year lows. Temporary geopolitical developments provided brief relief in mortgage rates, but they remain elevated compared to pre-conflict levels. Meanwhile, rents continued to climb due to strong demand and fewer new landlord listings. Future housing trends will depend on how oil, energy costs, and geopolitical conditions evolve.Read more

Mumbai News Desk

13 Apr 2026

The Bombay High Court has upheld the redevelopment approval for a 16-storey residential building on Altamount Road in Mumbai and dismissed a public interest litigation challenging the project. The court observed that the petition did not demonstrate genuine public interest and appeared to question permissions already granted and implemented. It accepted submissions that approvals were issued in accordance with applicable Development Control Regulations and planning norms. The court further noted that the building was already completed and found no procedural irregularity, reinforcing limited scope of judicial interference in such matters.Read more