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18 Oct 2025
The South Korean government introduced stricter mortgage restrictions for first-time home buyers in Seoul and surrounding areas following a recent rise in apartment prices. The borrowing limit has been reduced from 70% to 40% of the property's value, with a maximum cap of 600 million won (around USD 420,639). The measure, the third under President Lee Jae Myung's administration, aims to address affordability issues as Seoul's price-to-income ratio remains among the highest globally.Read more
18 Oct 2025
Thane is becoming one of India's most attractive commercial and residential hubs, offering professionals a balance between career growth and personal well-being. With over 1.6 lakh enterprises registered, the city provides modern office infrastructure, lower real estate costs, and flexible workspaces suited for hybrid models. Strong connectivity through rail, road, and upcoming metro lines further enhances its appeal. Lifestyle-oriented townships, proximity to essential services, green spaces, and reduced commuting times make Thane a preferred choice for companies and employees seeking efficiency, productivity, and improved quality of life.Read more
17 Oct 2025
The Bhoomipujan for the Mata Ramabai Ambedkar Nagar and Kamaraj Nagar Slum Rehabilitation Scheme was held in the presence of Maharashtra Chief Minister Devendra Fadnavis, Deputy Chief Ministers Eknath Shinde and Ajit Pawar, and senior officials, marking MMRDA's first redevelopment project under its own wing in collaboration with SRA. Spanning 31.82 hectares, the project will benefit 17,000 families, with Phase 1 delivering 4,345 free 1BHK homes featuring modern amenities. Backed by a INR 1,500 crore loan, the scheme includes community facilities, infrastructure upgrades, and two years' rent for residents. The initiative represents a model for inclusive, sustainable urban redevelopment and a step toward a slum-free Maharashtra.Read more
17 Oct 2025
One Prastha Realty has raised INR 80 crore from Capri Global to finance its 57-acre integrated township in Sonipat, Haryana. Building on its earlier 8.5-acre residential project, the company plans to develop villas and residential plots across the new township. The founders emphasized that the funds are strategic growth capital aimed at ensuring timely project delivery, expanding the township, and acquiring more land. The investment will be directed towards infrastructure development, community spaces, and residential plots, catering to rising demand in Sonipat due to improved connectivity and local infrastructure growth.Read more
17 Oct 2025
The Brihanmumbai Municipal Corporation (BMC) has introduced an online lottery for the sale of 426 affordable flats across Mumbai, marking its first independent initiative of this kind. These homes, priced between INR 55 lakh and INR 1 crore, are located in Kandivli, Bhandup, Byculla, Kanjurmarg, Jogeshwari, and Goregaon, and are available exclusively to applicants from the Economically Weaker Section (EWS) and Low-Income Group (LIG). The move is expected to generate around INR 308 crore. Applications opened this week and will be processed through a lottery system managed entirely by BMC to streamline operations and enhance revenue.Read more
17 Oct 2025
Earlier this week, Arnya Real Estate Fund Advisors announced a deployment of INR 415 crore in residential projects across Bengaluru and Navi Mumbai. Its assets under management have topped INR 675 crore, and full capital deployment is projected to cross INR 1,200 crore by March next year. The firm has also initiated a residential equity fund via a platform tie-up, targeting a corpus of INR 1,000 crore. These moves emphasise its growing role in backing housing developments across major Indian metros.Read more
17 Oct 2025
The Karnataka government is set to distribute 42,346 newly constructed houses in Hubballi under the Slum Development Board's housing initiative. Chief Minister Shri Siddaramaiah will lead the event, which will be held on a 17-18 acre site designed to accommodate around 1.5 lakh people. Each house costs around INR 7.5 lakh, with the state covering beneficiary contributions to ensure affordability. The government's total expenditure for 2.3 lakh houses is estimated at INR 9,500 crore, reflecting its ongoing commitment to providing affordable housing for underprivileged communities.Read more
17 Oct 2025
India has secured the sixth position globally for live branded residence projects, as highlighted by Knight Frank's latest Residence Report 2025. The country accounts for 4% of the world's branded residence supply, reflecting its growing importance in luxury living. The report also places India tenth in the pipeline of upcoming projects, driven by an expanding affluent population and increasing demand for high-end branded homes.Read more
16 Oct 2025
The Maharashtra Real Estate Regulatory Authority (MahaRERA) approved a record 405 new project registrations during the Dussehra period, marking the highest festive-season clearance to date. Along with these approvals, another 200 projects received extensions, and 200 more were permitted to make corrections to existing details, bringing the total to 809 approvals. Pune city topped the list of new registrations, while the Mumbai Metropolitan Region recorded the highest overall count. Over the past six months, MahaRERA sanctioned nearly 4,940 proposals. The regulator continues to focus on approving only those projects that comply with strict legal, technical, and financial criteria.Read more
16 Oct 2025
A prolonged shutdown of the US government has raised serious concerns for the housing sector, with thousands of home closings reportedly at risk each day. Data from HomeAbroad revealed that the suspension of the National Flood Insurance Program has disrupted insurance coverage for properties in high-risk areas. The halt, already lasting several weeks, threatens billions in housing transactions nationwide and could have severe financial repercussions for flood-prone states such as Maryland, Virginia, North Carolina, and Florida.Read more
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16 Oct 2025
The Supreme Court has restored 213 flats in Udaipur's Royal Rajvilas project, ending a 12-year delay for over 200 homebuyers. The court closed the ED's challenge to the insolvency resolution of Udaipur Entertainment World Pvt Ltd, the original developer, praising the ED's proactive role in protecting buyers. Eleven flats linked to alleged proceeds of crime remain under provisional attachment. The case involves a INR 1,200 crore embezzlement probe against Bharat Bomb in Syndicate Bank. The Supreme Court emphasized safeguarding bona fide homebuyers while allowing ongoing ED investigations to proceed.Read more
16 Oct 2025
Actor Neil Nitin Mukesh and his father finalised the purchase of a high-end residence in Mumbai's World One tower for INR 11.35 crore. The transaction, registered recently, includes a spacious unit measuring 189.89 sq m (2,044 sq ft) along with two parking spots. The stamp duty and registration charges were duly paid, reflecting the premium nature of the deal. This acquisition has drawn attention in real estate circles, both for the celebrity involvement and the value of the property.Read more
16 Oct 2025
Residential sales in India's eight major housing markets dipped one per cent in the July-September quarter, largely due to slower demand in Mumbai, Pune, and Delhi-NCR, while cities like Bengaluru, Hyderabad, Chennai, and Kolkata recorded growth. Despite lower sales volumes, the total value of properties sold rose 14 per cent to INR 1.52 lakh crore. The report highlighted stable interest rates, GST reductions on cement, and supportive policies as factors boosting developer confidence. New housing supply fell five per cent, while the premium segment continued to demonstrate resilience.Read more
16 Oct 2025
MHADA aims to build over 700,000 homes in the MMR over the next five years, with nearly 550,000 units in Mumbai. These will come from affordable housing lotteries, redevelopment of cessed buildings, PMGP Colony reconstruction, cluster redevelopments, and joint slum redevelopment projects with SRA. Key areas include GTB Colony, Abhyudaya Nagar, BDD Chawl, Bhendi Bazaar, Kamathipura, and Motilal Nagar. Outside the city, more than 200,000 homes will be delivered through various schemes, while the Konkan region will see over 5,300 homes. In the past three years, 43,000 homes have been sold via 18 lottery draws.Read more
16 Oct 2025
The District Development Authority (DDA) in Udham Singh Nagar has halted all construction activities in about 900 unauthorized colonies to prevent unregulated urban expansion. The decision follows repeated encroachments on government land and rising instances of illegal multi-storey buildings. Officials noted that property transactions through stamp deeds have significantly outpaced legal registrations, revealing irregularities in land sales. Authorities have warned that ongoing or future violations will face strict legal action and possible demolition. The move targets developers operating without approvals and aims to restore lawful urban development.Read more
16 Oct 2025
Delhi Development Authority approached IIT Delhi and Delhi Technological University to assist in investigating the basement flooding and flooring failure at Triveni Apartments in Dwarka. The drop in the floor had caused water ingress, damage to vehicles and concern among residents. The two institutes are expected to inspect the premises, identify causes such as soil or structural issues, and offer corrective recommendations. Meanwhile, DDA has been on site daily and plans to act based on the expert findings.Read more
16 Oct 2025
Uttar Pradesh Chief Minister Shri Yogi Adityanath recently handed over keys to 160 families in Gorakhpur under the Economically Weaker Section (EWS) and Lower Income Group (LIG) housing scheme developed by the Gorakhpur Development Authority (GDA). The flats, allotted through a transparent lottery process from over 9,000 applications, include 80 EWS and 80 LIG units, priced well below market rates. Alongside, the CM inaugurated and laid the foundation for 50 development projects worth INR 118 crore, highlighting the state's focus on infrastructure and community welfare.Read more
15 Oct 2025
The Navi Mumbai Municipal Corporation (NMMC) conducted a demolition drive against unauthorised huts in the Airoli division following directives from Municipal Commissioner Dr Kailas Shinde. The action, led by Additional Commissioner (2) Dr Rahul Gethe and Deputy Commissioner (Encroachment) Dr Kailas Gaikwad, targeted encroachments near the proposed site of a sewage treatment plant beside NMMC School No. 77 in Yadavnagar. Officials confirmed that such anti-encroachment actions would continue with greater intensity.Read more
15 Oct 2025
Micro Mitti will invest INR 400 crore to develop Madhuvan Township, a 30-acre green residential project in Indore featuring 465 villas. The township is designed to prioritize health and well-being, marking a shift from traditional real estate measures like location, size, and cost. Founded in 2023, Micro Mitti focuses on democratizing access to institutional-grade real estate assets and enabling long-term wealth creation for investors. Earlier this year, the company raised INR 90 crore to expand its operations, highlighting growing interest in innovative, structured real estate investment opportunities in India.Read more
15 Oct 2025
Prestige Estates Projects Ltd has launched Prestige Garden Trails in Mumbai, aiming for INR 2,000 crore in revenue. Spread across 5.2 acres, the project includes 1,324 units with a total carpet area of 10 lakh sq ft. Following its recent Ghaziabad launch worth INR 2,200 crore, the company continues its expansion strategy amid high demand for quality housing. With over 300 projects completed since 1986 and record sales in the first half of the fiscal year, Prestige demonstrates strong growth and sustained focus on India's residential real estate market.Read more
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