19 Aug 2025

Indian cities have emerged as global leaders in luxury housing, with Bengaluru, Mumbai, and Delhi securing top positions in Knight Frank's Prime Global Cities Index (Q2 2025). Bengaluru ranked 4th worldwide with a 10.2% annual rise in prime property prices, followed by Mumbai at 6th with 8.7%, and Delhi at 15th with 3.9%. All three outperformed the global average of 2.3%, bucking a broader slowdown in prime housing markets. Knight Frank credits strong demand, limited supply of luxury homes, and sustained wealth creation for the momentum. The rankings highlight resilient urban real estate, boosting investor confidence in India's property market.Read more

19 Aug 2025

Apartment owners in Kochi are struggling to meet strict sewage treatment requirements set by the Kerala State Pollution Control Board (KSPCB). Many complexes, built before 2007, lack space and resources to install individual sewage treatment plants (STPs). The Kerala Flat Owners' Association (COFVOAK) has requested temporary permission to use existing centralized sewage facilities until the upcoming Integrated Urban Regeneration and Water Transport System (IURWTS) project is completed. This approach aims to ease financial and logistical pressures while ensuring compliance with environmental regulations.Read more

19 Aug 2025

The Bangalore Development Authority (BDA) is set to launch a cutting-edge 3D online platform aimed at streamlining the home-buying process in Bengaluru. This initiative will allow prospective buyers to virtually tour flats and villas, access detailed specifications, and complete the entire purchase process digitally eliminating the need for multiple office visits. The platform is expected to go live by the end of the month and will include features such as real-time updates, payment schedules, and interest-free registration for up to 90 days.Read more

19 Aug 2025

Embassy Developments Ltd has projected revenue of INR 560 crore through development management fees for two new housing projects located in Mumbai and Bengaluru. The company disclosed in its investor presentation that these projects, structured under the DM fee model, carry a total estimated revenue potential of INR 5,600 crore. Despite reporting a consolidated net loss of INR 165.84 crore in the latest quarter, the firm recorded an increase in total income compared with the same period last year.Read more

19 Aug 2025

Dubai's property market has witnessed a marked shift in investor profiles, with younger buyers under 35 taking a growing share of transactions in recent years. Attracted by tax-free benefits, relatively low entry costs, and advanced digital platforms, these investors are prioritising flexibility, mobility, and lifestyle integration. Many are seeking not just profit but the ability to manage assets remotely while combining investment with personal use. This trend highlights a new approach where digital ecosystems and accessible ownership models redefine property investment.Read more

19 Aug 2025

Luxury housing in India's urban markets is shifting from a focus on opulence towards experience-led living, as branded residences and hospitality-driven developments set new standards. With hotel groups and developers collaborating, these properties combine ownership with five-star services such as concierge, wellness, dining, and co-working spaces. Market reports indicate branded homes are outperforming traditional luxury real estate in absorption, occupancy, and rental yields, highlighting a structural transformation in buyer preferences. NRIs and institutional investors are also driving demand, viewing these projects as both lifestyle assets and lucrative investments.Read more

19 Aug 2025

The Telangana Real Estate Regulatory Authority (TG RERA) has imposed a penalty of INR 27 lakh on Googee Properties Pvt. Ltd. for illegally marketing and selling plots in an unregistered project in Ibrahimpatnam, Rangareddy district. The authority's decision, which came after complaints from 12 homebuyers, also mandates that the developer refund the buyers' money with an annual interest rate of 10.8% with an immediate cease on all sales activities. This ruling serves as a strong warning to promoters who attempt to circumvent the law by selling plots under "pre-launch offers" without the required statutory approvals and registration.Read more

19 Aug 2025

In a landmark decision, the Kerala Real Estate Regulatory Authority (RERA) has granted a flat owners' association the authority to take over and complete a stalled apartment project in Angamaly. The developer, MIR Builders and Developers, had abandoned the "MIR CINTRA" project after collecting more than INR 15 crore from approximately 50 allottees, leaving the construction unfinished. This unprecedented ruling allows the association to register as the new promoter and secure their investments by pooling resources to finish the project. The move sets a powerful legal precedent, offering a new pathway for homebuyers to rescue their projects when builders fail to deliver.Read more

19 Aug 2025

The Ghaziabad Development Authority (GDA) has transferred 76 supervisors this past week in response to growing complaints of their involvement in unauthorised construction. Residents alleged that some supervisors were working with contractors and taking money to ignore violations, including approval of extra floors in buildings. Illegal colonies have steadily expanded in recent years, rising from 321 to 351 across nearly 3,000 acres. By moving staff who had been posted in the same zones for years, the authority aims to break existing networks and restore tighter oversight of construction activities.Read more

19 Aug 2025

The Goa Real Estate Regulatory Authority (RERA) has recently issued a comprehensive circular targeting misleading and vague advertisements by real estate developers. This significant initiative aims to enhance consumer protection and instill greater transparency and accountability in the state's real estate market. The new guidelines prohibit the use of broad disclaimers like "terms and conditions apply" and mandate that all project promotions, including those on digital platforms and billboards, must prominently feature the project's official Goa RERA registration number and the authority's website. Developers are now also required to provide specific, verifiable details about amenities and are banned from using variable measures like travel time.Read more

19 Aug 2025

MahaRERA has issued recovery warrants amounting to nearly INR 90 crore against Honest Shelters Pvt Ltd, the promoter of the long-delayed Palais Royale project in Mumbai. The action follows the developer's failure to comply with directives to hand over seven flats to IIFL Finance Ltd with an occupancy certificate and to pay interest for delayed possession. The orders, passed across multiple hearings, rejected the developer's objections on jurisdiction and firmly upheld IIFL's entitlement to interest until possession was formally transferred. The dispute stems from Honest Shelters taking over the stalled project in 2019 after a INR 705 crore auction by Indiabulls Housing Finance.Read more

19 Aug 2025

Mumbai's Slum Rehabilitation Authority (SRA) has set a target of building 500,000 new homes for slum dwellers in the next five years, aiming to double what it achieved in nearly three decades since 1996. The authority has already accelerated delivery with more than 16,000 homes completed in just 100 days and close to 17,000 in the past year. New measures such as drone surveys, biometric verification, and stronger laws against defaulting developers are driving this shift. By restarting stalled projects and enforcing overdue rent recovery, SRA is moving faster than ever before.Read more

19 Aug 2025

The Telangana government is holding housewarming ceremonies for Indiramma housing beneficiaries across constituencies ahead of the local body elections. With INR 22,500 crore allocated per constituency and around 3,500 homes sanctioned in each, the program represents one of the largest housing efforts in the state. For the first time, Chenchu tribal families have been included, with more than 22,000 homes sanctioned in four ITDA regions. Building on pilot-phase progress, where 47,000 homes were already underway with INR 68 crore support, the state is also providing engineering aid during the monsoon to keep construction on track.Read more

19 Aug 2025

Hyderabad's premium housing segment, comprising homes priced at INR 1.5 crore and above, saw a 17% increase in sales during the first half of 2025, according to a report by global real estate firm JLL. This growth is notable as it occurred despite a 6% dip in overall residential sales across all price categories in the city. The surge is primarily driven by the city's strong IT presence, a preference for larger homes with high-end amenities, and rising affluence among tech professionals.Read more

18 Aug 2025

The Telangana government has approved a hike in property registration values across major urban areas, particularly inside the Outer Ring Road, where nearly two-thirds of registration revenue is generated. The increase is expected to range between 30 % and 50 %, aimed at narrowing the gap between market prices and official registration rates. Committees led by additional collectors and supported by municipal authorities are preparing proposals for cabinet approval. A public feedback process will follow before implementation. Authorities estimate that this revision could add INR 2,000-2,500 crore in annual revenue for the state.Read more

18 Aug 2025

Bollywood actress Kriti Sanon has purchased a luxurious duplex penthouse in Supreme Prana, an under-construction tower in Mumbai's Pali Hill, Bandra West, for over INR 78.20 crore. Spanning 6,636 sq ft across the 14th and 15th floors, the sea-facing home also includes a 1,209 sq ft terrace and six car parking slots. Registered jointly with her mother, the deal involved INR 3.91 crore in stamp duty, benefiting from a 1% concession for women buyers, with the total cost exceeding INR 84.16 crore after charges. Sanon, who also owns land in Alibaug, joins a growing trend of Bollywood stars investing in prime real estate.Read more

18 Aug 2025

The Confederation of Real Estate Developers' Associations of India - Maharashtra Chamber of Housing Industry (CREDAI-MCHI) has appointed Nahar Group Chairman, Sukhraj Nahar, as its President for the 2025-2027 term. Announced earlier this week, the development also brought forward the appointment of a new management committee. The association, representing more than 2,200 real estate developers across the Mumbai Metropolitan Region (MMR), plays a crucial role in voicing the concerns of the industry and engaging with government authorities.Read more