16 Sep 2025

The Haryana government has asked RERA authorities in Gurgaon and Panchkula to fast-track homebuyer grievance redressal and step up monitoring of developers after a review by Chief Secretary Anurag Rastogi. Despite fewer projects compared to many states, Haryana accounts for nearly 10% of India's pending RERA complaints, with most cases linked to Gurgaon. To clear the backlog, RERA has set up a help desk, will launch online tutorials, and establish mediation cells. Deputy commissioners have been tasked with enforcing recovery certificates, supported by RERA. The government has also ordered stricter compliance checks and warned of zero tolerance towards corruption within the system.Read more

15 Sep 2025

UK property markets are experiencing a subtle slowdown, with asking prices for homes falling slightly year-on-year for the first time since early last year. Southern England, where homes are more expensive, has driven much of the decline, though lower prices are helping sales. Rent growth has slowed to its lowest level in four years, with average monthly rents at 1,300 pounds (USD 1,761). Analysts attribute the slowdown to property tax uncertainty, reduced migration, and easier mortgage access for first-time buyers. Economic stagnation and stable interest rates are contributing to cautious activity in both buying and renting sectors.Read more

15 Sep 2025

The Maharashtra government is preparing a new policy to simplify occupancy certificate (OC) approvals for thousands of buildings in Mumbai and its suburbs. Targeted at projects that have long faced delays due to rule changes, lapses, or disputes, the scheme will allow residents to apply online, with penalties waived if applications are made within six months. Issues such as floor area discrepancies, setbacks, and stalled projects will be addressed, while additional space used will require payment of premiums. Recommendations include protecting open spaces, ensuring parking, and permitting partial OCs where feasible. The move aims to ease legal uncertainty, support housing societies, and bring long-pending buildings into compliance.Read more

15 Sep 2025

The Chandigarh Municipal Corporation has launched a large-scale fire safety audit covering more than 25,000 buildings across the city. This move is designed to tackle the risks posed by substandard firefighting equipment and low preparedness among building occupants. Certified third-party agencies will be empaneled to carry out periodic audits in line with the National Building Code. The program also includes training sessions for building occupants to improve emergency readiness, aiming to ensure safety and compliance in various types of buildings across the city.Read more

15 Sep 2025

CREDAI, the apex body of real estate developers with over 13,000 members, has released its "National Real Estate Development Framework Vision 2047" during its annual conference in Singapore. The plan sets out nine focus areas including land reforms, affordable housing through land banks, development of 100 new cities, easier and faster building approvals, rationalised charges, and dedicated infrastructure funding. It also highlights slum redevelopment, promotion of green buildings, adoption of new technology, skilling and labour welfare, and climate-resilient urban planning. The framework calls for phased implementation with strong oversight at both national and state levels.Read more

15 Sep 2025

The National Real Estate Development Council (NAREDCO) has approached the Prime Minister, suggesting that his birthday be celebrated as 'Right to Housing Day' to acknowledge his efforts in advancing affordable housing in India. The industry body highlighted that under the Pradhan Mantri Awas Yojana, over four crore homes have been built, with further expansion expected through PMAY-U 2.0. NAREDCO also commended GST rationalisation and reforms such as RERA, which have strengthened transparency and professionalism in the real estate sector, pledging continued support for 'Housing for All'.Read more

15 Sep 2025

The Punjab government cancelled part of a developer's CLU in Mohali after discovering forged documents that included land from Drari village. The decision affects about 1.3 acres and leaves roughly 200 investors, who had invested around INR 250 crore, in a state of uncertainty. Despite investing six years ago, they have not received property possession or completed infrastructure. The developer has remained unresponsive, while investors seek intervention from the state government or GMADA to ensure project completion.Read more

14 Sep 2025

Sundaram Home Finance, a subsidiary of Sundaram Finance Ltd, has launched operations in Karnataka with a target to disburse INR 60 crore in its first year. The company plans to establish 8-10 branches across Tier II and III towns, focusing on small business loans and affordable housing finance. This move aligns with government efforts to boost affordable housing and aims to meet growing demand for credit among underserved customers in the state. The company has a strong track record in Tamil Nadu and Andhra Pradesh, making this expansion a strategic step in its Emerging Business segment.Read more

14 Sep 2025

UP-RERA has introduced a portal feature that allows homebuyers to directly report developers diverting payments to unauthorised accounts. The authority has underlined that all transactions must pass through the designated collection account, with a fixed portion automatically routed to an escrow account for project development. Alongside this move, a new real estate agent training programme has been launched to promote transparency and accurate buyer guidance, reinforcing stronger accountability in the state's property market.Read more

13 Sep 2025

Nagpur Municipal Corporation is set to launch a housing project under the Dr. Babasaheb Ambedkar Awas Yojana, providing 392 two-bedroom flats of 500 sq. ft. each for sanitation workers at Mauja Nari. The INR 93 crore initiative has received DPR approval, with bhoomipuja expected soon. Alongside housing, the state has introduced reforms allowing educated children of sanitation workers to pursue jobs beyond sanitation roles. A COVID-19 memorial will also honor workers who lost their lives during the pandemic. Efforts are underway to regularize 4,407 sanitation workers before Diwali, supported by a new facial recognition attendance system to enhance monitoring.Read more

13 Sep 2025

The Telangana Real Estate Regulatory Authority (RERA) imposed a fine of INR 18.5 lakh on Jubilee Hills Co-operative House Building Society Ltd for launching the 'Jubilee Hills Phase IV' project without required registration. The society had collected around INR 90 crore from roughly 1,800 members, linking membership to flat purchases. The project lacked necessary approvals from both RERA and the Hyderabad Metropolitan Development Authority (HMDA). The decision follows a complaint by a society member, highlighting regulatory violations and unauthorized project promotion.Read more

13 Sep 2025

The housing and urban development department of Odisha has introduced a rental housing initiative to provide affordable accommodation for migrant workers and students in urban areas. With monthly rents fixed between INR 500 and INR 1,500, the scheme has already seen one complex become operational in Bhubaneswar while others remain under construction. The programme is aimed at improving access to safe and economical housing for vulnerable communities.Read more