Mumbai News Desk

08 Jan 2026

Promoters of Mumbai-based pharmaceutical firm Ideal Cures, Suresh Pareek and Veena S Pareek, have acquired two adjoining luxury apartments in Worli for a total of INR 190.1 crore. The units, located on the 43rd floor, have a combined RERA carpet area of around 12,114 sq ft and include 10 dedicated car parking spaces. Each apartment comes with spacious balconies and terraces. The purchase, registered late last month, reflects continued interest from business families in large-format premium homes despite limited new supply and high pricing in central Mumbai's luxury real estate market.Read more

08 Jan 2026

Karnataka Real Estate Regulatory Authority (K RERA) has moved to make it mandatory for developers to clearly specify parking slot details in both allotment letters and sale agreements for residential projects. Builders will now have to disclose the exact slot number, type, dimensions, and precise location according to the approved parking plan. The step follows repeated complaints from homebuyers about unclear or inconvenient parking allocations. The directive is expected to reduce disputes, improve transparency, and ensure buyers are fully aware of parking arrangements before completing transactions.Read more

07 Jan 2026

Housing sales across eight major Indian cities showed limited growth last year, totaling over 3.48 lakh units, according to Knight Frank India. While sales remained mostly stable, average prices increased significantly, reaching up to 19 per cent in some areas. Cities like Chennai and Hyderabad reported sales growth, whereas Delhi-NCR and Pune experienced declines. Falling home loan rates, economic growth, and lower inflation helped sustain demand. NRIs now contribute 12-15 per cent of housing sales, a sharp rise from a decade ago, reflecting their growing role in the market.Read more

07 Jan 2026

Lodha Developers reported a robust performance in the third quarter of FY26, with sales bookings rising 25 percent year-on-year to INR 5,620 crore, supported by sustained demand for residential properties. The company also recorded healthy quarter-on-quarter growth, reflecting continued buyer confidence across its housing portfolio. Strong collections during the quarter further reinforced operational momentum. Encouraged by consistent absorption in ongoing projects and a strong pipeline of upcoming launches, Lodha Developers reaffirmed its confidence in achieving its full-year sales target of INR 21,000 crore. The performance highlights the resilience of the residential real estate market and the developer's strong brand positioning across key urban markets.Read more

07 Jan 2026

The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has announced plans to develop approximately 25,000 plots targeted at middle-income homebuyers in 2026, as part of a broader initiative to expand affordable housing options within the region. The programme forms one of the authority's key goals for the year, which also include finalising a comprehensive master plan, improving major road networks, accelerating key infrastructure projects and enhancing citizen-centric services. VMRDA officials said the push for housing plots is aimed at addressing growing residential demand while supporting planned urban growth. The initiative is expected to strengthen land supply for middle-income buyers amid expanding real estate markets.Read more

06 Jan 2026

Alliance City Developers Realtors Pvt. Ltd. has received MahaRERA approvals for two premium residential projects 22 Alliance House and Alliance Tanvi located in Vile Parle East, Mumbai. Although not mandated, the developer opted for voluntary RERA registration, reinforcing its commitment to transparency and customer confidence. The approvals mark a key milestone as the company strengthens its presence in one of Mumbai's most sought-after residential hubs. Both projects offer thoughtfully designed homes with modern amenities, strong connectivity, and lifestyle-focused planning. The approvals also complement Alliance City Developers broader growth plans, with three major projects scheduled for possession in 2026.Read more

06 Jan 2026

Sri Lotus Developers and Realty Ltd has secured a redevelopment project in the Lokhandwala area of Andheri in Mumbai, as disclosed earlier in the week by Reuters. The announcement reflects the company's continued focus on redevelopment work in the city's western suburbs, where it has built a strong presence over the past decade through multiple residential and commercial projects. This new engagement adds to its pipeline following a high profile IPO and other ongoing developments in premium areas like Juhu and Versova. The signing signals ongoing investor confidence in Sri Lotus's strategy and execution capabilities in Mumbai's competitive real estate market.Read more

06 Jan 2026

New Consolidated Construction Company Ltd (NCCCL) has secured a construction contract valued at INR 112.5 crore from Lodha Developers for a residential project in Alibaug near Mumbai. The mandate covers the construction of Tower 1 along with associated non-tower ancillary structures, spanning a total built-up area of approximately 7.26 lakh sq ft. Awarded through a competitive bidding process, the project is scheduled to commence around mid-January 2026 with an execution timeline of nearly 24 months. This marks NCCCL's third collaboration with the Lodha Group, reinforcing its position as a trusted construction partner for large-scale residential and commercial developments across the Mumbai Metropolitan Region.Read more

06 Jan 2026

Mumbai's real estate market posted its strongest performance in over 14 years in calendar 2025, with property registrations crossing the 1.5-lakh mark, underlining sustained end-user demand and market resilience. A total of 150,254 properties were registered across the Mumbai municipal region during the year, reflecting a 6 per cent rise over 2024. Stamp duty collections surged 11 per cent year-on-year to INR 13,487 crore, highlighting the depth of transaction activity. December maintained the momentum with over 14,400 registrations. Industry leaders attribute the robust performance to buyer confidence, stable policies, improved affordability and a wide range of housing options.Read more

06 Jan 2026

S Raheja concluded 2025 with the sale of an ultra-luxury penthouse at its Evergreen project on Perry Road, Bandra, for INR 62.81 crore. Registered on December 15, 2025, the transaction highlights sustained demand for rare, high-value residences in Mumbai's prime luxury micro-markets. The penthouse spans a RERA carpet area of 4,583 sq. ft., translating to an effective price of approximately INR 1.37 lakh per sq. ft. Acquired by members of the Singh family, founders of Alkem Laboratories, the deal underscores the continued preference among India's business elites for bespoke, low-density homes in established neighbourhoods.Read more

Bangalore News Desk

05 Jan 2026

Unsold housing stock across India's top seven cities increased by 4% in 2025, reaching about 5.77 lakh units, according to Anarock's analysis. Bengaluru recorded the sharpest rise, with inventory jumping 23%, while Pune, Chennai, Delhi-NCR, and Kolkata also saw higher unsold stock. In contrast, Hyderabad and the Mumbai Metropolitan Region experienced slight declines. Average residential prices in the seven cities grew 8%, with Delhi-NCR recording the highest rise. Overall housing sales fell 14%, although the total sales value increased 6%, reflecting stronger performance in premium segments despite slower overall demand.Read more

05 Jan 2026

Nisus Finance Services has announced that its subsidiary, NCCCL, has secured a construction mandate worth INR 1.13 billion for a residential tower. The project adds to NCCCL's residential execution portfolio, though details on location and timelines have not been shared. The mandate highlights ongoing momentum in residential real estate development and supports revenue visibility for the group's construction business. Nisus Finance Services has been active in real estate investments and project execution, with a focus on urban housing and structured development opportunities.Read more

05 Jan 2026

Unsold housing inventory across seven major Indian cities increased 4 per cent to nearly 5.77 lakh units by the end of 2025 as new residential supply continued to exceed demand, according to real estate consultancy Anarock. While housing sales declined sharply during the year, developers added fresh supply, leading to an overall rise in unsold stock. The trend was uneven across markets, with Mumbai Metropolitan Region and Hyderabad witnessing a marginal decline, while Delhi-NCR, Bengaluru, Pune, Chennai and Kolkata saw inventory build-up. Despite the current oversupply, Anarock remains cautiously optimistic, expecting demand to improve if home loan interest rates soften and price growth remains under control.Read more