15 Oct 2025

Lodha Developers Ltd, one of India's largest real estate firms, acquired a land parcel in the Mumbai Metropolitan Region during the past quarter to develop a residential project valued at around INR 2,300 crore. With this purchase, the company achieved its annual business development goal, reaching a cumulative potential revenue of INR 25,000 crore for the fiscal year. Despite limited project launches, Lodha recorded a 7% rise in quarterly pre-sales, backed by sustained housing demand. The developer now aims to meet its full-year sales target of INR 21,000 crore, with significant project launches planned for the coming months.Read more

15 Oct 2025

Sugee Group has announced its much-awaited annual cultural event, 'Diwali Pahaat', to be held later this month at Ravindra Natya Mandir, Prabhadevi. Marking the musical dawn of the Diwali festivities, the celebration will feature over 50 distinguished artists, including Padmashri Suresh Wadkar, Rahul Deshpande, Vaishali Samant, and others, offering an enchanting morning of classical, folk, and contemporary music.Read more

14 Oct 2025

U.S. 30-year fixed mortgage rates have eased to 6.30% this week, down slightly from last week and near last year's levels. The decline follows renewed Federal Reserve rate cuts amid a stagnant labor market, yet new home loan applications remain low as many homeowners focus on refinancing. Real estate data shows pending home sales fell 1.3% from last year, and homes are taking longer to sell. Buyers are delaying purchases, awaiting further rate reductions, while economic uncertainties, such as weak hiring and potential government shutdowns, are adding to their caution.Read more

14 Oct 2025

Sanghvi Realty has announced soft possession at its premium residential project, Sanghvi Palazzo, in Mumbai, aligning with the festive spirit of Diwali. The developer has introduced attractive festive offers and flexible payment schemes to encourage homebuyers to move into their dream homes this season. Located in one of Mumbai's prominent micro-markets, the project features modern architecture, superior amenities, and excellent connectivity, appealing to discerning buyers seeking immediate move-in opportunities.Read more

14 Oct 2025

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive against unauthorised construction in the Ghansoli division earlier this week. Despite prior notices served by the encroachment department, the concerned property owner had ignored the warnings and continued illegal construction work. Acting under the directives of Commissioner Dr Kailas Shinde, the NMMC team, supported by senior officials, executed the clearance operation with police assistance. The civic body confirmed that similar actions would continue across other areas as well.Read more

14 Oct 2025

Mumbai's property market recorded its best-ever September performance as home registrations surged and stamp duty collections grew sharply, defying the typical slowdown during the Shraddh period. Data from Knight Frank India revealed a notable rise in both property registrations and revenue, driven by the early onset of the festive season, stable demand, and steady buyer confidence across residential segments. Developers and industry experts noted that the market's strength reflected the city's resilience and sustained end-user interest.Read more

14 Oct 2025

Wagle Estate in Thane has developed into a community where living close to work is practical and convenient. The area combines residential complexes with office spaces, allowing professionals to reduce commute times while enjoying a better work-life balance. With good connectivity to Mumbai, nearby IT parks, educational institutions, healthcare facilities, shopping, and recreational options, the locality supports modern urban living. Developers continue to build projects that reinforce the walk-to-work lifestyle, making Wagle Estate an example of a well-planned neighborhood where homes, offices, and essential amenities coexist efficiently.Read more

13 Oct 2025

China's state-backed property developer Vanke announced that its chairman, Xin Jie, has stepped down from his position, and board member Huang Liping has been appointed as his successor. The change in leadership led to a short-term decline in the company's Hong Kong and Shenzhen share prices. Xin's resignation came less than a year after his appointment, during a period when the company continues to face weak sales and high debt obligations. Vanke recently reported a half-year loss of 12 billion yuan, reflecting the ongoing stress in China's property sector.Read more

13 Oct 2025

Vascon Engineers has received a redevelopment contract worth INR 161 crore from MSEB Holding Company Ltd for the Saudamini Building project in Mumbai's Mahalaxmi area. The work, expected to be completed within 36 months from commencement, marks a key addition to Vascon's redevelopment portfolio in the city. The company said its ongoing and upcoming projects in Mumbai's Santacruz, Powai, and nearby markets together span about 0.4 million sq ft, valued at around INR 1,050 crore, and are projected to contribute half of its overall real estate portfolio by FY27.Read more

13 Oct 2025

The Supreme Court refused to entertain a plea challenging the Delhi High Court's directive on the demolition of Signature View Apartments in Mukherjee Nagar. The High Court had ruled that there would be no stay on the demolition and instructed the Delhi Development Authority (DDA) to ensure minimal inconvenience to residents during the process. The Municipal Corporation of Delhi had earlier declared the structures unsafe. Residents were given time to vacate, and the DDA has been authorized to proceed with demolition and future reconstruction.Read more

13 Oct 2025

Dubai's real estate market has maintained a strong upward trajectory, with the first nine months of this year showing substantial growth in both sales value and transaction volume. Total sales surged from AED104 billion in 2021 to AED499.1 billion, while deals rose from 43,200 to 158,400. Apartments, villas, plots, and commercial properties all saw notable gains in value and volume. Market experts note that property prices are increasing faster than the number of deals, reflecting robust investor confidence, market resilience, and the potential for long-term sustainable growth.Read more

13 Oct 2025

Maharashtra Housing and Area Development Authority (MHADA) has made eight luxury 3BHK flats in Tardeo's Crescent Tower available on a first-come-first-serve basis. Ranging from INR 5.95 crore to INR 7.58 crore with a carpet area of 2,285 sq ft, these high-end apartments were earlier leased to MHADA officials and vacated in 2022. An online lottery conducted in 2023 saw 43 applicants, but most withdrew after visiting the flats. The tower offers sea-facing views, security, gym, and quarters for domestic help, located near key city landmarks.Read more

13 Oct 2025

The Noida administration has taken action against over 100 homeowners in Supernova Towers, Sector 94, for running unregistered bed-and-breakfast (B&B) units. The move follows multiple complaints from residents about disturbances, security risks, and unauthorized commercial use. Notices were issued under the Sarai Act, 1867, which requires all B&B operations to obtain approvals from local authorities, police, and fire departments. The crackdown aligns with Uttar Pradesh's Bed and Breakfast and Homestay Policy 2025, aimed at formalizing short-term rental operations and safeguarding residents' interests.Read more

13 Oct 2025

Britain's housing market has slowed for the third consecutive month, with buyer demand and agreed sales staying negative. Uncertainty over finance minister Rachel Reeves' upcoming budget is adding to cautious sentiment across both property and business sectors. Landlords are offering fewer rental properties due to higher costs and proposed tenant rights legislation, while rents are expected to rise by around 3% in the coming year. Surveys also show businesses facing growing tax pressures and weakening confidence, reflecting broader economic challenges as the UK prepares for the November budget.Read more

12 Oct 2025

Tata Housing has achieved sales exceeding INR 1,000 crore in its new residential project, Varnam Phase I, located in North Bengaluru. Part of the 135-acre integrated township Carnatica, the 20-acre phase recorded sales of 377 units, comprising apartments, townhouses, and row houses, since its launch in August. Company officials said the response reflects growing demand in Bengaluru's premium housing segment. Tata Housing, a subsidiary of Tata Realty & Infrastructure Ltd, currently manages over 34 projects with 0.63 million sq m of development potential across India and the Maldives.Read more

12 Oct 2025

The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a fine of INR 6.4 lakh on Bhuvanteza Infra Projects Pvt. Ltd. for multiple violations, including non-registration, diversion of customer funds, and delayed possession of flats. The authority has ordered refunds to buyers in three separate cases, along with 10.7% annual interest, to be paid within 30 days. Cases involved projects at Bommarasipet, Velimela, Dundigal, and Malkajgiri, where buyers had paid substantial amounts but did not receive the promised flats. These actions reinforce TGRERA's commitment to protecting homebuyers' rights.Read more

12 Oct 2025

The State Bank of India (SBI) is set to acquire 200 ready-to-move-in two-bedroom apartments across the Mumbai Metropolitan Region for its employees, in a bulk deal valued at around INR 294 crore, excluding taxes. The bank has invited developers to submit proposals for units in central suburbs, western suburbs, the Thane-Kalyan belt, and Navi Mumbai from Kharghar to Panvel. Each apartment must have a MahaRERA-approved carpet area of approximately 55.74 sq. m. and be less than five years old. The purchase will also include 400 parking slots.Read more

12 Oct 2025

Saya Group has partnered with Harmony Infra to develop an ultra-luxury residential project, 'The Horizon Residences,' in Indirapuram, Ghaziabad. Spread over 2 acres, the project will feature 264 premium flats priced between INR 6 crore and INR 8.5 crore. With an investment of INR 550 crore, excluding land acquired in 2018, the company anticipates sales revenue of around INR 1,600 crore. The project has secured RERA and other statutory approvals, and about 100 units have already been booked due to strong demand in the limited supply market.Read more

12 Oct 2025

The Maharashtra government has set up a high-powered committee to manage the redevelopment of nearly 4,900 flats in SVP Nagar Colony, Andheri, aiming to improve housing conditions and modernize urban infrastructure. The committee will select a construction agency through a transparent process and monitor project progress every four months. Responsibilities include resident rehabilitation, monthly rent management, and ensuring alternative housing during construction. This move builds on MHADA's experience with similar large-scale projects, such as Motilal Nagar in Goregaon and Sunteck Realty's Andheri East redevelopment, reflecting a focused approach to urban renewal.Read more

11 Oct 2025

Ashishkumar Chauhan, Managing Director and CEO of the National Stock Exchange, has invested in a 1,900 sq ft luxury apartment in Mumbai's premium Lodha World Towers in Worli. The apartment, purchased for around INR 10 crore, includes three car parking spaces and has a registered value of INR 9.93 crore. Chauhan acquired the property from Lodha Developers, and the transaction was officially registered earlier this week. His annual remuneration at NSE is INR 12.09 crore, reflecting his financial capacity for luxury real estate investments in the city.Read more