09 Dec 2025

A deadly fire at Hong Kong's Wang Fuk Court has raised questions about contractor safety and regulatory oversight. Documents reveal residents were wrongly assured that Prestige Construction had a clean safety record, despite multiple past violations. Homeowners repeatedly raised concerns over fire hazards and rising renovation costs, attempting to revoke the contract. Following the blaze, Prestige and consulting firm Will Power are under manslaughter and anti-corruption investigations. Authorities report that substandard scaffolding mesh and flammable foam boards contributed to the fire, which claimed at least 159 lives, marking Hong Kong's deadliest incident since 1948.Read more

09 Dec 2025

Karnataka RERA has launched a unified single-window clearance system to streamline and speed up approvals for real estate projects across the state. Instead of applying separately to multiple departments, developers can now submit all documents through one portal, which will coordinate with the required statutory authorities. The move is designed to reduce delays, cut bureaucratic hurdles and improve transparency in the approval process. By centralising clearances, Karnataka RERA aims to provide developers with greater certainty and enable quicker project launches. Homebuyers are expected to benefit from faster delivery timelines, while regulators gain better coordination, oversight and accountability.Read more

09 Dec 2025

UK house prices remained flat in November, following October's modest growth, with annual growth slowing to its weakest since early 2024. Market caution ahead of the Autumn Budget contributed to stagnation, though affordability reached levels not seen since 2015, easing pressure on buyers. Regional trends varied, with slight declines in the south and modest gains in the north. Other lenders confirmed the slowdown, while Halifax expects gradual growth next year, aided by steady activity and anticipated lower interest rates.Read more

09 Dec 2025

Antara Senior Living, part of Max India Limited, has partnered with Max Estates to manage Estate 361, an 18.23-acre forest-themed senior living community in Gurugram. Following the success of Estate 360, Estate 361 will feature 360 residences and an integrated wellness centre combining modern healthcare with traditional therapies. Designed for accessibility and active ageing, the development offers extensive recreational and wellness amenities. With India's senior population rising rapidly and traditional family structures evolving, professionally managed senior living solutions like Estate 361 are increasingly essential. Antara is leveraging its healthcare and real estate expertise to address this demand.Read more

09 Dec 2025

Smartworld Developers has decided to expand beyond Gurugram with a major entry into Noida through a mixed-use project planned on a newly acquired 6-acre land parcel in Sector 98. The company secured the plot for INR 414 crore through an auction and intends to invest about INR 2,000 crore in development. The project will include branded residences, high-street retail and serviced homes, and is expected to generate revenue of more than INR 3,000 crore. Smartworld, which recorded INR 6,400 crore in sales bookings last fiscal year, is also exploring a collaboration with a global brand for this project.Read more

09 Dec 2025

Haryana's urban local bodies minister has directed officials in Panchkula to fast-track the allotment of residential plots and houses to poor families, reviving stalled work under state housing schemes. The municipal commissioner has been asked to clear pending cases, resolve procedural delays and ensure timely possession for eligible beneficiaries. The push follows earlier rounds in which thousands received plot-allotment letters and interim ownership certificates, though many units remained unallotted due to administrative backlogs. The directive stresses transparency, accountability and quick verification of documents, underscoring the government's broader goal of providing permanent, legally owned homes to underprivileged families as part of its housing-welfare commitments.Read more

08 Dec 2025

UP RERA has informed homebuyers that 129 real estate projects developed by 14 companies are currently under the Corporate Insolvency Resolution Process, and therefore, buyers must submit their claims only to the Insolvency Resolution Professionals appointed by the NCLT. The authority explained that a moratorium under the Insolvency and Bankruptcy Code is in force, which prevents RERA from conducting hearings, issuing orders, or enforcing past directions for these projects. Buyers have been advised to file claims in the prescribed IBBI forms and stay updated through their respective IRPs.Read more

08 Dec 2025

Housing prices along the Dwarka Expressway in Gurugram have increased nearly 3.5 times over the past five years, driven by stronger demand and major infrastructure upgrades. A recent Square Yards report highlights how the corridor has shifted from an emerging stretch to one of NCR's most active residential zones, supported by improved connectivity through the 29-km, 16-lane access-controlled expressway. With around 115 active residential developments and several leading developers present, the area continues to attract homebuyers and long-term investors who are responding to rising liveability and faster access to key parts of Delhi and Gurugram.Read more

08 Dec 2025

President Donald Trump has appointed architect Shalom Baranes to lead the 300 million USD White House ballroom project, replacing James McCrery, who will remain as a consultant. The change follows reported disagreements over the size and design of the ballroom. The planned 90,000-square-foot addition, the largest construction at the White House in decades, has drawn criticism from preservationists and experts. The East Wing was recently demolished to make way for the project. The proposal will eventually be reviewed by the National Capital Planning Commission.Read more

08 Dec 2025

A well-known Nashik builder was taken into custody earlier this week after being accused of cheating flat buyers in a case valued at around INR 23 crore. Buyers had reportedly paid the full amount and taken possession of their homes, but the builder did not execute the sale deeds. Instead, he allegedly mortgaged the same flats to a private finance company to raise funds. When the loan defaulted, the lender initiated auction proceedings, leaving residents shocked and prompting them to file a police complaint.Read more

08 Dec 2025

BMC has decided to rehabilitate residents of MHADA cessed buildings and BMC-owned structures in E-ward to remove barriers to completing Hancock Bridge reconstruction. The bridge, demolished in 2016 and partially reopened in 2022, has faced delays due to pending rehabilitation, legal, and technical issues. With new directives to prioritize residential and commercial relocation and prepare tenders for remaining work, BMC is set to restart construction soon. This effort aims to restore full connectivity, ease congestion, and enhance commuter safety, marking progress in one of Mumbai's long-delayed infrastructure projects.Read more

08 Dec 2025

The Supreme Court granted one-week interim relief to two property owners in Uttar Pradesh, temporarily halting further demolition of their properties. The court directed the petitioners to approach the Allahabad High Court for detailed examination while maintaining the status quo. It emphasized that demolitions require prior notice and adherence to due process, in line with its 2023 guidelines against arbitrary action. The protection does not limit the High Court from hearing the case on its merits, and the petitioners were instructed to file under Article 226 for urgent consideration.Read more

08 Dec 2025

Toronto home sales fell to a five-month low in November, with prices also seeing a modest decline, as economic uncertainty kept buyers cautious. Seasonally adjusted sales dropped 0.6% to 5,620 units, and the home price index fell 0.4% month-over-month to C$971,100 (USD 694,536). Yearly figures show a 15.8% drop in sales and a 5.8% decline in prices. The Bank of Canada's recent interest rate cuts aim to support the economy, but long-term employment confidence remains a key factor influencing housing activity.Read more

07 Dec 2025

H-RERA has ruled in favour of a homebuyer who booked a flat in Chintels Paradiso, Sector 109, Gurugram, where part of the project collapsed in February 2022 and the unit in Tower H was never delivered. The buyer, who filed a complaint in 2023, will receive a refund of about INR 1.705 crore with 10.85% annual interest from the valuation date until payment. The authority also awarded INR 2 lakh for mental distress and INR 50,000 in litigation costs. The order emphasises that when a project becomes unsafe and possession is not granted, developers remain liable under RERA, ensuring meaningful restitution for affected homebuyers.Read more

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