05 Sep 2025

Brisbane has recorded its strongest wave of apartment completions since 2018, with over 1,900 units finalised earlier this year and more than 1,250 due for completion before year-end. According to a recent JLL report, the city has already surpassed any single year's delivery in the past five years, marking a turning point for its residential supply pipeline. This revival follows a period of sluggish development activity, and industry analysts suggest it could help ease mounting demand pressures across Brisbane's urban housing market.Read more

05 Sep 2025

Trevian's autumn market review highlighted that Finland's property sector is witnessing a strong recovery, with investment activity increasing and international interest on the rise. The residential market has become a key driver despite elevated construction costs, while commercial investors are focusing on prime properties with long-term stability. Competitive yields, eased lending terms, and Finland's reputation as a safe operating environment have further strengthened market confidence. Opportunities in well-located assets are expected to remain attractive in the coming months.Read more

05 Sep 2025

The Bombay High Court has directed residents of Motilal Nehru Nagar CHS, an SRA project in Bandra-Kurla Complex, to undo unauthorised alterations within four weeks. The order follows an SRA notice flagging violations such as extra floors inside flats and conversion of common areas into kitchens, banquet halls, and party spaces. The court stressed that no authority can regularise such illegal construction, citing a 2024 Supreme Court ruling that declared such acts "incurable illegality." While residents' counsel assured cooperation, judges warned of immediate enforcement if compliance is delayed. The ruling reinforces strict adherence to SRA housing rules and curbs commercial misuse.Read more

04 Sep 2025

The Bombay High Court has directed 11 dissenting residents of the Deepanjali and Pushpanjali Cooperative Housing Societies in Vasai (West) to vacate their structurally unsafe homes within 15 days, enabling demolition and redevelopment. The Vasai Virar Municipal Corporation had already classified the four buildings as dangerous, a finding confirmed by a technical committee. Of the 113 residents, most supported redevelopment, but a small group objected. The court ruled they may pursue their objections legally but cannot stall demolition, adding that police assistance may be sought if evacuation is resisted.Read more

04 Sep 2025

Mumbai's property market recorded 11,230 registrations in August 2025, down 3% year-on-year and 11% from July, reflecting a modest seasonal slowdown. Residential sales dominated with 80% of registrations, and smaller homes under 1,000 sq ft accounted for 85% of transactions. Properties priced below INR 1 crore gained traction, rising to 48% of sales from 44% last year, while mid-segment units (INR 2-5 crore) dipped slightly and luxury homes held steady at 6%. Stamp duty collections stood at INR 1,000 crore, 6% lower than August 2024. Still, January-August saw nearly 100,000 registrations and INR 8,854 crore revenue, up 11% year-on-year, showing sustained buyer confidence.Read more

04 Sep 2025

The Telangana Real Estate Regulatory Authority (TG-RERA) has ordered Vasavi Realtors LLP to compensate buyers for delays in handing over flats at the Vasavi Lake City project in Hafeezpet, Hyderabad. The developer must pay 10.8 % annual interest from March 1, 2024, until possession is given to 23 homebuyers, many of whom paid around INR 1 crore each. Complaints included late possession, lack of communication, and changes in flat specifications. The regulator rejected claims that Covid-19 was responsible, as agreements were signed after the pandemic. TG-RERA also asked the builder to complete the project within statutory timelines.Read more

04 Sep 2025

The Karnataka Housing Board is planning a 772-acre development near the ITIR in Devanahalli, aiming to meet increasing demand with residential plots and affordable housing for low-income families. Spread across five villages Vishwanathapura, Vajarahalli, Beerasandra, Shanappanahalli and Managondanahalli the plan involves giving landowners half the developed land instead of cash, with their agreement required. A previous attempt to acquire 1,777 acres was dropped after farmers spoke out. Rising land rates after Foxconn's iPhone facility announcement highlight the urgency, while concerns about loss of fertile land remain.Read more

03 Sep 2025

Shah Rukh Khan has rented two duplex apartments in Mumbai's Pali Hill while his residence, Mannat, undergoes renovation. The lease, signed with the Bhagnani family, is valued at INR 8.67 crore over three years and provides him about 10,500 sq ft of space. Around the same time, Kriti Sanon purchased a duplex penthouse in the Supreme Prana project in the same neighbourhood. Her apartment, spread across the top two floors, is priced at INR 78.2 crore and comes with six parking spots. The article also outlines the differences between duplex and standalone apartments.Read more

Santosh Agarwal, CFO & Executive Director, Alpha Corp Development Limited

03 Sep 2025

Non-Resident Indians (NRIs) have emerged as a driving force in India's real estate sector, moving from emotion-led investments to data-driven and strategic decisions. Delhi-NCR is becoming a preferred hub, with Gurugram leading in luxury and premium projects. Government reforms, relaxed FDI rules, RERA-led transparency, and favourable currency exchange have strengthened confidence. Technology, REITs, fractional ownership, and portfolio diversification are further expanding opportunities for NRIs across the sector.Read more

03 Sep 2025

Puravankara, through its subsidiary, has obtained redevelopment rights for a housing society in Malabar Hill, one of South Mumbai's prime neighbourhoods. The society spans 1.43 acres and offers a development potential of about 0.7 million sq ft. The project carries a gross development value (GDV) of INR 2,700 crore. This acquisition comes shortly after the company's Chembur redevelopment win and builds on its earlier Breach Candy project. Together, these developments increase Puravankara's Mumbai portfolio to 4.25 million sq ft with an overall GDV potential of INR 10,500 crore.Read more

03 Sep 2025

The forthcoming GST Council meeting is expected to consider major reforms that would simplify the tax structure and potentially reduce costs for the housing sector. The government plans to cut down the four existing GST slabs to two, while also reviewing the possibility of reducing GST on cement from 28% to 18%. Industry experts believe that these changes could lower construction costs, ease compliance, and ultimately benefit homebuyers through more affordable housing. Developers have expressed optimism that these reforms will drive growth in the real estate market.Read more

03 Sep 2025

At the 17th NAREDCO National Convention held in Delhi past week, Maharashtra's Minister of State, Meghana Sakore Bordikar, assured industry stakeholders that the State Government would work towards framing infrastructure and housing policies in line with evolving requirements. She confirmed that proposals on town planning, water management, and industry incentives would be considered, while remaining cautious on demands for stamp duty rationalisation. With sustainability and water resource development high on the agenda, industry leaders highlighted the need for consistency, transparency, and policy support to achieve long-term growth.Read more

03 Sep 2025

The Delhi PWD has identified seven land pockets for redevelopment under a public-private partnership, with NBCC tasked to prepare proposals. Sites include Vikas Bhawan-1 at ITO, Timarpur, Gulabi Bagh, Kalyanvas, Probyn Road, Sindhora Khurd, Sindhora Kalan, and Bahapur. NBCC, which has executed projects like Kidwai Nagar and Sarojini Nagar, will design plans to modernise ageing government colonies, add sustainable infrastructure, and create office and retail spaces. In North Delhi, Gulabi Bagh and the Sindhora colonies house around 1,200 government quarters, while Kalyanvas, Probyn Road, and Timarpur add smaller clusters. The plan aims to address dilapidation, improve housing standards, and optimise prime urban land.Read more

03 Sep 2025

Over 80 homebuyers of the Lotus Arena project in Noida's Sector 79 staged a protest over decade-long delays and stalled construction. Launched in 2014, the project faced insolvency in 2020 after promoters allegedly diverted INR 387 crore, with Purvanchal Projects appointed as the new developer under a 2023 resolution plan. However, the Noida Authority has refused to revalidate the layout plan, citing CAG objections over Sports City allotments, halting progress. Buyers said they continue to suffer rent and EMI burdens, with some reporting personal tragedies during the delay. The association has urged state intervention, warning of further protests and legal action.Read more

03 Sep 2025

The Delhi government has launched a centralised online portal designed to assist investors in locating land parcels for industrial and infrastructure projects. The initiative, developed by DSIIDC using geospatial data from GSDL, is aimed at speeding up the land allotment process. Officials have instructed divisional heads to provide parcel details by early September to ensure a smooth rollout.Read more

03 Sep 2025

The Uttar Pradesh Minister for Stamp and Registration Affairs clarified this past week that the main reason behind delays in property registrations in Noida and Greater Noida has been the absence of no-objection certificates (NOCs) from developers, rather than inefficiency in the registry department. He noted that once builders secure the necessary NOCs from the respective development authorities, registrations for homebuyers would proceed without delay, ensuring that long-awaited ownership documents could be formalised swiftly. The statement offered much-needed clarity to buyers facing prolonged uncertainty.Read more