26 Aug 2025

Homebuyers of the Expressway Towers project in Gurugram's Sector 109 have been protesting against developer Ocean Seven Buildtech Pvt Ltd due to significant delays in possession. Despite full payments made since 2016 under the Affordable Housing Scheme, construction remains incomplete. Buyers allege fund diversion by the developer and have filed complaints with authorities. The developer claims that possession will be delivered by March 2026.Read more

26 Aug 2025

Andhra Pradesh Chief Minister Shri N. Chandrababu Naidu has emphasized accelerating welfare housing schemes to provide 10 lakh homes to underprivileged citizens by March 2026. The state has already allocated over INR 2,013 crore for these projects, with additional funds needed for infrastructure development in partially completed layouts. Authorities are instructed to identify land and beneficiaries quickly and categorize projects based on urgency and progress. A significant number of homes under central schemes like PMAY-Urban, PMAY-Gramin, and PM Janman have been completed, with more expected to be handed over shortly.Read more

26 Aug 2025

The Goa government has introduced the Goa (Verification of Tenants) Rules, 2025, requiring property owners to submit detailed information about tenants to authorities. Non-compliance can attract fines of up to INR 10,000. The rules are open for public feedback before finalization. This initiative is part of the Goa (Verification of Tenants) Act, 2024, aimed at enhancing security in the state, which sees a significant number of domestic and international visitors. Police and local authorities are authorized to verify tenant information to maintain public safety and prevent misuse of rented properties.Read more

25 Aug 2025

The Ernakulam District Consumer Disputes Redressal Commission has directed DLF to pay compensation to a buyer for a four-year delay in handing over an apartment in Kochi's Kakkanad area. The buyer, who had cleared almost the entire cost of the flat, was also forced to make additional payments, including charges for increased area. Construction issues and unauthorized deductions from their loan account further worsened the situation. The commission identified these as clear service lapses and unfair trade practices, instructing DLF to pay interest, refund rent spent during the delay, and provide compensation for mental distress and litigation costs.Read more

25 Aug 2025

The Enforcement Directorate has initiated 22 PMLA investigations following the Supreme Court's directive to elevate CBI preliminary enquiries into formal probes, targeting a suspected scheme involving builders and banks that allegedly defrauded NCR homebuyers. Builders including Jaypee, Jaiprakash, Ajnara, Vatika, Supertech, and Idea Builders, as well as banks like SBI, HDFC, ICICI, Indiabulls, and others, are under scrutiny. The probe focuses on fraud, corruption, and money laundering, aims to retrieve illicit assets, and seeks restitution for buyers burdened with EMIs despite not receiving possession all based on extensive CBI groundwork across numerous individuals and construction sites.Read more

25 Aug 2025

Prime Minister Shri Narendra Modi is scheduled to visit Gujarat on August 25 and 26 to inaugurate 1,449 houses and 130 shops built under the Pradhan Mantri Awas Yojana (PMAY) in Ahmedabad. The project, which cost INR 133.42 crore, is part of the Gujarat government's Slum Rehabilitation and Redevelopment Policy and is a key step towards achieving its "Housing for All" objective. This move is expected to provide modern homes and improved facilities to families living in the Ramapir Tekra slum area.Read more

Mr. Niraj Kankariya, Director at Siddhi Buildcon

25 Aug 2025

Resort-style homes are witnessing growing demand from investors in Mumbai and Pune who see them as more than just leisure assets. The leaseback model, which ensures steady rental yields with minimal involvement, has made these properties attractive, particularly after the pandemic boosted demand for short breaks and nature getaways. Locations such as Mulshi are emerging as preferred destinations, backed by improving connectivity and infrastructure. With added benefits like tax deductions, long-term family utility, and professional management, resort-style homes are becoming a sought-after investment option for both domestic and NRI buyers.Read more

25 Aug 2025

The Reserve Bank of India (RBI) has put three bungalows in Lonavala up for public bidding as part of its plan to monetize non-core real estate. Once used as holiday homes for RBI staff, the properties sit on a 3,800 sq m freehold plot near Lonavala Lake and will be sold on an "as is, where is" basis. With a base price of INR 6.55 crore, bidders must submit a INR 10 lakh deposit. Cushman & Wakefield India is managing the sale, with inspections open until September 8 and bids due September 9. Lonavala's booming market continues to attract investors and second-home buyers.Read more

24 Aug 2025

The Gujarat Real Estate Regulatory Authority (GujRERA) has appealed to the state Urban Development Department (UDD) for assistance in completing the halted World Trade Centre (WTC) project at GIFT City. The project, initiated in 2014-15, aimed to construct four towers; however, only two were completed before construction ceased. The project's promoter was arrested by the Enforcement Directorate on charges of real estate fraud, leaving investors' funds locked. The association of allottees has expressed its inability to complete the project, prompting GujRERA's request for state intervention. This marks the first instance of GujRERA seeking such intervention for a stalled project.Read more

23 Aug 2025

Window Magic has been appointed to provide uPVC and aluminium windows and doors for the Sarojini Nagar redevelopment project in New Delhi. The plan includes building 86 high-rise GPRA towers spread over 107 acres, with more than 4,000 homes for central government employees. The project is being executed by Varindera Construction and Girdhari Lal Construction under the Central Government Residential Project framework. Alongside housing, the development will feature essential facilities such as schools, a library, a community hall, and a police station, making it a self-contained urban space.Read more

23 Aug 2025

In a high-value real estate transaction, Heena Lalwani, a promoter of Aatman Innovations Private Limited, has purchased a luxury apartment in Juhu, Mumbai, for INR 113.42 crore. The 9,862 sq. ft. property, located in the prestigious Avalon Tower by Lodha Developers, was registered on August 18, 2025. This deal, along with a similar high-ticket purchase in the same building earlier this year, highlights the continued demand for luxury properties in Mumbai's prime localities.Read more

23 Aug 2025

The Delhi State Consumer Disputes Redressal Commission has ordered Parsvnath Developers to pay INR 5.5 lakh in compensation to a homebuyer for a significant delay in delivering a flat. The ruling, which references a Supreme Court precedent, highlights the developer's failure to meet its contractual obligations and holds it accountable for deficiency in service and unfair trade practices. The commission's decision not only awards compensation but also mandates the immediate handover of the flat.Read more

23 Aug 2025

Maharashtra Revenue Minister Chandrashekhar Bawankule has directed the Brihanmumbai Municipal Corporation (BMC) to suspend demolition drives and cease issuing notices regarding unauthorized constructions in North Mumbai until the conclusion of the Ganesh festival. The decision aims to alleviate public anxiety during the festive period. However, the minister emphasized that individuals involved in creating fraudulent construction documents would face strict legal action.Read more

23 Aug 2025

Aawas Yojana has appointed Ankit Sharma as Director International Community Engagement & Public Confidence. He is tasked with leading more than 2,500 housing awareness drives across India to reach 1.5 crore citizens by 2027, while creating 3.5 lakh jobs in related sectors by 2028. Alongside this, Sharma will focus on engaging the global diaspora through 10 dedicated platforms across the UK, Middle East, US, and Australia by 2026. These initiatives are expected to bring INR 25,000 crore in NRI housing investments by 2030 and contribute INR 1.2 lakh crore to India's housing economy.Read more

22 Aug 2025

The Panvel City Municipal Corporation (PCMC) has extended its property tax amnesty scheme until September 30, 2025. This decision, influenced by a protest rally from opposition parties, offers a 90% fine exemption until September 15, and a 75% rebate from September 16 to September 30. The extension replaces a four-tier system and aims to recover a significant portion of the INR 1,842 crore in outstanding property tax dues, which represents 47% of the civic body's 2025-26 budget.Read more

22 Aug 2025

The Kerala state cabinet has approved a loan of INR 1,500 crore from the Housing and Urban Development Corporation (HUDCO) through the Kerala Urban and Rural Development Finance Corporation (KURDFC) to fund the LIFE Mission housing scheme. The loan, spread over two years, will finance the construction of over 127,000 houses for homeless and landless families, with priority for Scheduled Caste and Scheduled Tribe beneficiaries. Alongside, the government has announced welfare measures such as Onam gifts for elderly tribal members and the creation of new teaching posts in nursing colleges to strengthen social support and education in the state.Read more