08 Aug 2025

The Delhi Development Authority has initiated rent disbursals to residents evacuated from Signature View Apartments, with payments structured according to flat category. Delays in past disbursements had fostered mistrust among residents, leading to reluctance in vacating. However, rent is now being released flat-wise upon confirmation of vacancy. The move aligns with court directions aimed at expediting evacuation, demolition, and eventual redevelopment of the deteriorating housing complex.Read more

08 Aug 2025

Haryana RERA's Gurugram division has issued a show-cause notice to Ramprastha Promoters & Developers Pvt Ltd, warning of possible civil imprisonment over failure to comply with refund orders worth nearly INR 3 crore. Despite directives to return funds to homebuyers and disclose attachable assets, the developer has not acted. This follows the Enforcement Directorate's recent arrest of the company's directors in a money laundering case involving INR 1,100 crore collected for stalled projects like Edge, Skyz, Rise, and Ramprastha City. ED findings include diverted funds, seized luxury assets, and attached property worth over INR 681 crore. HRERA has scheduled the next hearing for early next week.Read more

08 Aug 2025

The Pimpri Chinchwad Municipal Corporation (PCMC) has approved a significant 50% waiver on the general tax component of property tax bills for residents and industrial units located in designated 'red zones.' This decision, set to take effect from the financial year 2026-2027, is a compensatory measure for the civic body's inability to provide adequate facilities and services to these areas. The waiver applies to over 43,000 properties but has faced criticism from housing societies who argue it may encourage unauthorized construction.Read more

08 Aug 2025

The Karnataka government has introduced new building setback norms for Bengaluru, which came into effect on August 1st.The new rules, part of the Revised Master Plan 2015, aim to provide clear guidelines on the minimum open space required around a building. The regulations specify setback requirements based on plot size and building height, and also provide clarity on the height of stilt parking. This move is designed to address contentious issues that have arisen from the city's rapid vertical growth and to streamline the construction and approval process for new buildings.Read more

08 Aug 2025

Apartment owners across Kochi have sought government assistance following power disconnection warnings from the electricity board over the absence of sewage treatment plants (STPs). More than 70 apartment complexes were issued notices, leaving over 1,500 households anxious. Residents cited limited space, high installation costs, and pre-existing municipal STPs as reasons for non-compliance. The community has proposed interim measures and plans to seek formal intervention from state authorities.Read more

07 Aug 2025

Housing prices across 13 major Indian cities registered a modest rise this past March, climbing eight points year-on-year to reach 132 on the Housing Price Index (HPI), according to a report by REA India and the Indian School of Business. Despite a slight rise from January, the index remained flat month-on-month in February and March, signalling a stabilizing market. The report attributes this trend to steady demand, cautious buyer sentiment, and fewer new launches, suggesting a maturing and more sustainable housing ecosystem.Read more

07 Aug 2025

Uttar Pradesh's co-developer policy is now in action in Noida, aiming to revive stuck housing projects. Nimbus Projects has taken over the long-delayed Sunworld Arista in Sector 168, investing over INR 1,000 crore and settling INR 170 crore in dues. Work has resumed on core infrastructure, benefitting 400 homebuyers. Under the policy, a co-developer pays 25% of dues and signs a tripartite agreement with the Noida Authority and original promoter, unlocking project approvals and RERA extensions. Nimbus also plans a luxury Phase - Arista Luxe. With five projects approved and developers like Apex showing interest, the model is gaining momentum as a revival tool.Read more

07 Aug 2025

In a move to provide permanent housing for residents of Ambedkar Layout in Ashokapuram, the Karnataka government will develop a dedicated township across 20 acres. Announced by the Social Welfare Minister and Mysuru district in-charge, the plan includes essential amenities to support holistic community development. Discussions are ongoing with the Mysuru Development Authority and local officials to finalise land within or near municipal limits. Financial support has been approved, with INR 1 crore allocated to renovate the local Community Hall and INR 20 crore for completing Ambedkar Bhavan. The project aims to uplift hundreds of families, reinforcing the government's commitment to social justice.Read more

07 Aug 2025

Pune's residential property market evolved significantly in H1 2025, with rising demand for premium, spacious homes. The city recorded the highest average ticket size growth among Tier 1 cities, up 7% to INR 0.74 crore. Premium homes made up 45% of market value, while affordable units under INR 1 crore retained a 55% share. With over 45,000 units sold and nearly 39,000 launched, Pune balances aspiration with accessibility. Key growth areas include North West Pune and PCMC. Experts cite the city's lifestyle appeal, strategic location, and upcoming connectivity to Navi Mumbai Airport as driving momentum. Pune's housing story now blends inclusivity with premiumisation.Read more

06 Aug 2025

The Ghaziabad Development Authority has announced its intent to initiate legal proceedings against both serving and retired officials involved in allowing unauthorised construction in the Express Garden Housing Society, located in Indirapuram. A court-appointed panel revealed that 134 flats were built over and above the sanctioned 400, prompting recommendations for FIRs against the developer, architect, and officials. The developer has denied wrongdoing, citing internal reconfiguration of units. The issue is currently under the Allahabad High Court's review, with further hearings due in the coming weeks.Read more

06 Aug 2025

MahaRERA recently pulled up a Mumbai-based real estate developer after homebuyers complained about being allotted parking spaces in a wing different from where their flats were located. Despite having paid for puzzle car parking slots, the buyers were not provided with marked or numbered spaces. When residents formed separate housing societies, access to the assigned parking was denied. MahaRERA deemed this a deficiency in service and ordered corrective action.Read more

06 Aug 2025

Actor Aamir Khan has leased four luxury apartments in Mumbai's upscale Wilnomona building on Nargis Dutt Road, Pali Hill, at a reported monthly rent of INR 24.5 lakh. The five-year lease includes a 45-month lock-in and 5% annual rent escalation. He paid a security deposit of INR 1.46 crore, along with stamp duty and registration charges. The move comes as his existing residences in the Virgo Cooperative Housing Society undergo redevelopment by Atmosphere Realty (Wadhwa Group, MICL, Chandak Group). The upcoming tower is set to feature ultra-luxury, sea-facing units priced above INR 1 lakh/sq ft, with some expected to cross INR 100 crore.Read more

06 Aug 2025

Shweta Tripathi, the acclaimed actress best known for her role in the hit series "Mirzapur," has made a significant real estate investment in Mumbai. She purchased a new 3 BHK apartment in the city's prime residential locality of Chembur for INR 3 crore. The property, located in the Supreme Boulevard building, spans 938 square feet. The transaction, registered in early July, included two dedicated car parking spaces and saw Tripathi benefit from a special stamp duty relaxation for women homebuyers.Read more

06 Aug 2025

The Supreme Court has ruled in favor of CREDAI-MCHI in a key environmental clearance case, unlocking over 493 previously stalled housing projects in the Mumbai Metropolitan Region and Pune. The verdict restores the authority of state-level environmental bodies, benefiting over 70,000 housing units primarily in the affordable and mid-income segments. The decision overturns earlier notifications that caused regulatory confusion, marking a major win for developers and homebuyers. The legal intervention by CREDAI-MCHI brings long-awaited clarity and momentum to real estate growth in Maharashtra.Read more

06 Aug 2025

The Andhra Pradesh government's NTR Smart Townships scheme, aimed at the middle-income group (MIG), has seen a poor response with just 29% of the plots sold and only 23% of the expected revenue collected. Despite initial interest from nearly 3.9 lakh applicants, various issues like pricing, eligibility restrictions, and lottery-based allotment discouraged buyers. The government has now paused fresh applications, plans to auction unsold plots, revise fee structures, and convert unlaunched layouts into commercial zones under the Urban Development Authority.Read more

06 Aug 2025

The Department of Town and Country Planning (DTCP), Gurugram, recently demolished an unauthorized structure constructed by the Resident Welfare Association (RWA) of Emaar Palm Hills in Sector 77. The RWA had built a meeting hall in the society's open area, which violated the approved layout plan. Despite earlier notices, the association failed to act, leading to the enforcement. DTCP clarified that RWAs are not permitted to carry out construction in common or green areas, regardless of internal resolutions. The demolition received support from residents and planning experts.Read more