07 Dec 2025

Mumbai-based Ranbir Real Estate Developers LLP and its directors Jaykumar Gupta and Suyash Gupta are under investigation for allegedly cheating 19 investors of around INR 31?crore. Investors, including family members of a 71-year-old complainant, were promised 18?per cent annual returns on a Jogeshwari East redevelopment project between 2021 and 2023. While initial interest payments were made, the firm stopped payouts after September 2024, and the principal was not returned. The case is now with the Economic Offences Wing of Mumbai Police under criminal sections including cheating and breach of trust.Read more

07 Dec 2025

The Sion-Dharavi region, historically recognised for its dense population and bustling informal industries, is now advancing through one of Mumbai's most ambitious urban renewal efforts. With the Dharavi Redevelopment Project progressing in phases and Sion's connectivity strengthened via major road corridors and upcoming metro links, the locality is evolving into a high-value growth zone. Market expectations suggest a rise in residential and commercial absorption driven by rehabilitated families, new homebuyers, retailers, and SMEs. Urban experts, however, have indicated that the long-term success of the redevelopment will depend on sensitive execution that safeguards livelihoods while enabling large-scale modernisation.Read more

07 Dec 2025

The Bangalore Apartments Federation (BAF), representing over 1,400 RWAs, has urged the State government to introduce the Karnataka Apartment Ownership and Management Act (KAOMA) in the upcoming Belagavi session. BAF says the outdated 1972 Act no longer meets the needs of Bengaluru's growing apartment communities, leaving many homeowners in a 'legal vacuum.' The proposed law seeks clear transfer of ownership and UDS from builders to buyers, defined rules for forming and running owners' associations, and time-bound mechanisms to resolve disputes on conveyance, maintenance and redevelopment. With no dedicated authority for grievance redressal today, BAF says KAOMA is essential to provide clarity, protect owners' rights and modernise apartment governance across Karnataka.Read more

07 Dec 2025

Portugal will fast-track its public housing programme and now plans to build 150,000 new homes by 2030, a major increase from the earlier target of about 59,000. The EUR 9-billion initiative aims to support low-income households struggling with soaring property prices and rents. Funding will come from EU recovery funds, the national budget and European Investment Bank loans. With public housing making up only 2% of Portugal's six-million home stock-one of the lowest shares in Europe-the government is also offering incentives for private landlords, including a reduced 10% rental income tax for lower rents. The move comes amid severe shortages, especially in Lisbon, where prices have surged dramatically.Read more

07 Dec 2025

Alliance City Developers marked a major growth phase last week with multiple project completions and new launches in Vile Parle (East). The developer secured an Occupancy Certificate for Alliance Legacy in Matunga (East) and Completion Certificates for Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East). Alliance Abhimanyu is also nearing possession. Building on this momentum, the company launched two new residential projects-22 Alliance House and Alliance Tanvi-offering premium 2BHK to 4BHK homes. Alliance Tanvi features ready units, modern amenities and strong connectivity. CEO Ankita Luharuka said these milestones reflect the firm's steady, trust-focused approach and long-term commitment to quality housing in Mumbai.Read more

06 Dec 2025

The Supreme Court has ruled that leasing a residential property to a company that uses it as a hostel for students or working professionals does not attract GST. Upholding a Karnataka High Court decision, the Court said GST exemption depends on the property's actual use for long-term residential accommodation, not on whether the lessee personally lives there. The case involved a Bengaluru property leased to D Twelve Spaces Pvt Ltd, where earlier AAR and AAAR rulings had denied exemption. The Court noted that taxing such leases would burden students with higher costs and goes against the intent of the residential exemption. The judgment offers clarity and relief for property owners and hostel operators.Read more

06 Dec 2025

The Himachal Pradesh state assembly has passed the RERA Amendment Bill amid opposition protests and a walkout. The bill shifts the authority to select the RERA chairperson and members from a committee led by the High Court Chief Justice to one headed by the State Chief Secretary. The new panel will include the Housing Department Secretary and the Law Secretary, with provisions for another senior official to step in if needed. The amendment also replaces the five-year term with a fixed, non-renewable four-year tenure. Opposition leaders argued the change reduces judicial oversight and violates the spirit of the central RERA Act, while the government said it will improve efficiency and speed up appointments.Read more

06 Dec 2025

On the 41st anniversary of the Bhopal Gas Tragedy, Pithampur residents have voiced strong opposition to the state government's plan to dispose of 900 tons of ash from incinerated Union Carbide waste at a local plant. Despite assurances from authorities about safe storage and emissions within permissible limits, locals fear environmental contamination and health risks. The Madhya Pradesh High Court has rejected the landfill proposal and asked the government to identify alternative sites. Residents and activists are urging relocation to a safer location to prevent harm.Read more

Maulik Sheth, Managing Director, Sheth Realty

06 Dec 2025

The luxury homebuyer of today has begun to prioritise sustainability as much as aesthetics, prompting developers to embed eco-friendly systems and future-ready technologies into high-end projects. Rising awareness about carbon footprints has pushed green homes from niche preferences to mainstream expectations among affluent buyers. Developers have increasingly incorporated solar installations, rainwater harvesting, reclaimed materials, biophilic architecture, and energy-efficient systems to meet evolving standards. With certifications such as LEED and IGBC Gold becoming modern markers of luxury, premium homes now align wellness, technology, environmental responsibility, and long-term value in a single offering.Read more

06 Dec 2025

Subhra Sen, mother of actor Sushmita Sen, has purchased two apartments in Elysian by Oberoi Realty in Goregaon East for a combined value of INR 16.89 crore. Both units measure 163.59 sq metres (around 1,760 sq ft) and include one parking space each. For the first unit, she paid a stamp duty of INR 42.02 lakh and a registration fee of INR 30,000, while the second unit involved a stamp duty of INR 42.49 lakh and registration charges of INR 30,000. The purchases add to the steady demand seen in this project.Read more

06 Dec 2025

UK house prices recorded a modest increase in November, rising by 0.3% on a seasonally adjusted basis, according to Nationwide. This followed a smaller rise in the previous month and came despite concerns linked to the finance minister's recent budget. The average house price reached 272,998 pounds (USD 360,739.56). Annual growth eased to 1.8%, the weakest since mid-2024, partly due to strong gains seen a year ago after interest rate cuts and policy changes. Supportive mortgage approvals and expectations of lower interest rates have given economists confidence that affordability may slowly improve.Read more

05 Dec 2025

A new study by Anarock and 360 One Wealth shows Worli remains one of India's strongest ultra-luxury housing markets, with 14 apartments priced above INR 40 crore sold between January and August 2025, totalling around INR 2,800 crore. This already exceeds the full-year value of 2024. Worli accounts for nearly 40% of India's ultra-luxury market and has seen over 20 deals above INR 100 crore in the past three years, including two duplexes sold for more than INR 700 crore in 2025. Premium high-rises now command INR 65,000 to over INR 1,00,000 per sq ft, reinforcing Worli's position as Mumbai's most coveted luxury address.Read more

05 Dec 2025

Retal Urban Development has formalized a development agreement with the National Housing Company to advance a significant residential project in Riyadh. The deal, valued at SAR 5.2 billion, will cover the construction of 4,839 residential units, reflecting ongoing efforts to meet the city's growing housing demand. The agreement highlights a continued partnership between private developers and government entities to enhance residential infrastructure. This initiative follows Retal's previous urban development projects and aligns with broader national plans to expand housing availability and support urban growth in Saudi Arabia.Read more

05 Dec 2025

Punjab RERA has ordered a Mohali-based developer to hand over possession of a long-delayed SCO unit in Sunny Enclave after the buyers waited nearly a decade despite having paid the entire consideration and completing all formalities. The allottees, who booked the unit in the early 2010s and even registered the conveyance deed years ago, had been denied possession because the project remained unfinished and mandatory occupation-related approvals were never issued. Acting on the buyers' complaint, RERA directed the promoter to hand over possession within three months and pay interest for the prolonged delay.Read more

05 Dec 2025

Piramal Realty has completed Phase 1 of Piramal Revanta, its 12-acre residential project in Mulund, after Tower 4 received its Occupation Certificate. All four towers in the phase are now delivered, with over 1,100 homes handed over. The developer has also opened Club RASA, a 20,000 sq. ft. wellness and community hub, along with amenities such as a pool, landscaped courts, an amphitheatre and play areas. Attention now shifts to Phase 2 (Vana), which includes Towers 5 and 6 and a second clubhouse, Club RAHA. Located beside Sanjay Gandhi National Park, Piramal Revanta offers strong connectivity and reflects the company's focus on thoughtful, community-driven design.Read more

04 Dec 2025

Mahindra Lifespaces has been selected to redevelop a residential cluster in Matunga (West), Mumbai. The project covers nearly 1.53 acres and carries a gross development value of about INR 1,010 crore. It will replace the old housing structures with upgraded homes, improved infrastructure and modern community amenities. The redevelopment also aligns with the company's plan to scale its Mumbai Metropolitan Region portfolio, as it aims to increase new launches and redevelopment work over the next few years. The project reflects the wider demand for society-redevelopment in Mumbai's older localities.Read more

04 Dec 2025

Sikka Group has entered into a co-development agreement with Birla Estates to develop a housing project in Greater Noida, valued at nearly INR 1,600 crore. The upcoming project, planned on a 5-acre land parcel owned by Sikka Group, will see Birla Estates investing around INR 500 crore. The partnership comes at a time when the Greater Noida Development Authority has been permitting co-developers to revive delayed real estate ventures. The collaboration aims to enhance financial strength, credibility and execution capacity for the long-pending development.Read more

04 Dec 2025

The Kingdom of Bahrain has lowered the minimum real estate investment needed to obtain its Golden Residency from USD 530,555 (BHD 200,000) to USD 345,000 (BHD 130,000), signalling a bid to draw more foreign capital. The revised threshold broadens eligibility to property buyers, seasoned professionals, retirees and high-net-worth individuals, while retaining preferential residency perks. The move is part of a wider push to boost demand in luxury housing, foster long-term settlement, and position the country as an attractive hub for investment and living among Gulf nations.Read more