06 Aug 2025

The Ghaziabad Development Authority (GDA) has filed a new FIR against Ansal Properties after a severe basement cave-in incident at Sushant Aquapolis township near Crossings Republik. Heavy rainfall led to water collecting in an unfenced 15-foot-deep pit, submerging vehicles parked near Tower 7. The builder had reportedly handed over possession without securing a completion certificate and failed to install key infrastructure. This comes as the latest in a string of FIRs against the company over project delays, forgery, cheating, and regulatory violations across Ghaziabad and Lucknow.Read more

05 Aug 2025

Work under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) in Mysuru and Chamarajanagar has slowed due to a sharp increase in construction material and labour costs. In Mysuru, of the 20,908 sanctioned houses, work has begun on around 13,442, while in Chamarajanagar, approvals have been issued for just 10,712 of the 39,317 houses. The government grant of INR 1.2 lakh for general category and INR 1.8 lakh for SC/ST beneficiaries is no longer enough to cover construction expenses. Many beneficiaries have not yet received allotment letters, delaying the start of construction.Read more

05 Aug 2025

A newly built high-rise residential complex comprising 184 expansive flats for Members of Parliament is set to be inaugurated by Prime Minister Shri Narendra Modi. Located on Baba Kharak Singh Marg, the four-tower project was completed within two years by Sam India Infrastructure under the Central Public Works Department (CPWD). Designed with enhanced space and modern construction techniques, the flats offer generous amenities, including offices, helper rooms, and a community centre. With solar panels and sustainable features, the project aims to achieve a GRIHA 4-star rating.Read more

05 Aug 2025

Auto-component manufacturer Anand Automotive has purchased a 1,550-square-yard bungalow on Kautilya Marg in Delhi for INR 195 crore. With an additional stamp duty of around INR 13.65 crore, the total deal value comes close to INR 209 crore. The high-value transaction adds to a recent string of big-ticket bungalow deals in the capital. Earlier, Endurance Technologies MD Anurag Jain and Aakash Chaudhry of Aakash Educational Services had acquired similar properties in the same area for over INR 130 crore.Read more

05 Aug 2025

Pune Municipal Corporation has doubled its property-tax discounts for green features over the past six years from about 86,000 beneficiaries in 2019-20 to roughly 1.5 lakh now offering 5-10% relief to owners with functional solar panels and vermicomposting systems. The corporation claims surprise inspections and cancellations if installations go offline, but local activists and experts challenge the enforcement's consistency. While this incentive is part of broader efforts to promote sustainability, questions remain over actual performance and oversight. The scheme coincides with a wider push in Maharashtra municipalities for green-rated buildings through fiscal, not built-area, perks.Read more

05 Aug 2025

Following a Bombay High Court directive, MahaRERA has reinstated hybrid hearings, allowing litigants to choose between physical and virtual appearances. The court found the earlier virtual-only format hindered access to justice and noted that other tribunals had already adopted hybrid models. Complaints cited unclear schedules, delays, and no mechanism for urgent matters. The court instructed MahaRERA to revise its procedures, including creating a register for urgent mentions, publishing timestamped orders, setting fixed hearing dates, and providing transparent cause-lists and contact details. MahaRERA has confirmed that both hearing modes are now active and is expected to submit a compliance report soon.Read more

05 Aug 2025

Australia's residential property market continued its upward trajectory, recording new national price peaks despite a visible deceleration in growth. Limited housing supply and steady auction activity have sustained the upward pressure on prices. Major cities including Darwin, Perth and Sydney witnessed notable gains, although the pace was more tempered compared to earlier trends. Analysts suggested that improved consumer sentiment, coupled with expectations of interest rate cuts, may help maintain modest price increases in the months ahead.Read more

04 Aug 2025

The National Real Estate Development Council (NAREDCO) urged the government to expedite the approval processes for real estate developments, highlighting the resulting benefits of lower input costs and accelerated supply of housing and commercial properties. NAREDCO also called attention to the pressing need for skilled construction labour and proposed greater collaboration between the government and industry bodies for workforce training. Challenges such as high land costs, regulatory delays, and inadequate rental policies were flagged as obstacles affecting affordable housing and overall sectoral growth.Read more

04 Aug 2025

India's housing sector witnessed a shift in buyer preferences in the first half of 2025, with overall home sales across eight major cities declining by 5%, but the total transaction value rising by 9% to INR 3.59 lakh crore. A joint report by CREDAI and CRE Matrix highlighted that higher property prices and demand for larger, better-located homes have driven this surge. Despite fewer units being sold, cities like Delhi-NCR saw a notable jump in market value share, especially in premium segments led by Gurugram and Noida.Read more

04 Aug 2025

Bhubaneswar Development Authority conducted a transparent draw to allocate flats to urban poor under Affordable Housing Projects and in-situ slum redevelopment schemes. A total of 38 beneficiaries were assigned units across multiple sites, each required to contribute a specified beneficiary share. The Vice-Chairman reaffirmed the authority's focus on inclusive urban development and emphasised that infrastructure and basic services are integral to the housing effort. The initiative reflects a continuing commitment to relocate slum-dwellers into formal dwellings and enhance living conditions citywide.Read more

04 Aug 2025

Lodha Developers Ltd is preparing to establish a presence in the Delhi-NCR residential sector, with plans to acquire at least one land parcel during the current financial year. Managing Director and CEO Abhishek Lodha indicated that the company intends to enter the market cautiously, adopting a pilot-based approach and forming a dedicated local team. Known for its operations in Mumbai, Pune and Bengaluru, the developer has recently posted robust financial performance, reporting significant growth in both profits and income during the April-June quarter of the current fiscal year.Read more

04 Aug 2025

Haryana's Chief Minister has unveiled a major welfare push: one lakh Antyodaya families will receive 100 sq yd plots with ownership documents, and hospitals in ten districts are set to begin offering private-grade treatment at subsidised prices. Fuel subsidy, farmer support, water and health infrastructure, and youth employment drive are also featured. This builds on earlier pledges and reveals a broader vision beyond just land allotment. The initiative marks a tangible shift in how welfare benefits reach rural underprivileged communities.Read more

04 Aug 2025

Greater Visakhapatnam Municipal Corporation has rolled out a new mechanism to automatically update property tax records in the name of new owners following property registration. This reform removes the need for manual name change applications and visits to municipal offices. Mutation charges are now collected at the sub-registrar's office itself, triggering real-time data integration into GVMC's system. Officials have called on citizens to stay informed about the new process, which is being seen as a major administrative ease measure in Andhra Pradesh's ongoing push for urban digitisation and governance transparency.Read more

04 Aug 2025

The Supreme Court has allowed a petitioner challenging Haryana's stilt-plus-four floors (S+4) construction policy to seek interim relief from the Punjab and Haryana High Court. It also granted liberty to request an earlier date for hearing expected to be advanced from October to sometime in August. The petition questions the state's decision to revive the S+4 building permissions despite previous concerns over infrastructure stress. With policy opponents raising legal and environmental red flags, the upcoming High Court proceedings are likely to significantly impact urban planning in Gurgaon and other cities.Read more

04 Aug 2025

The Uttar Pradesh government has increased the property value cap under its 1% stamp duty relief scheme for women buyers from INR 10 lakh to INR 1 crore. With this change, a woman purchasing property in her name can now save up to INR 1 lakh on registration, especially in urban centres like Noida and Ghaziabad. The move is expected to boost homeownership among women, promote joint ownership within families, and support housing demand in the mid-segment market. Real estate players, however, feel the cap could be raised further to reflect the prevailing market values.Read more

04 Aug 2025

The Cascades Neopolis in Hyderabad has become the world's largest and India's only residential development to receive the WELL v2 Pre-Certification Platinum from the International WELL Building Institute (IWBI), highlighting a transformative milestone for the country's residential real estate sector. Developed by GHR Lakshmi Urbanblocks Infra LLP'a consortium of GHR Infra, Lakshmi Infra, and Urbanblocks Realty the 63-storey luxury project has been assessed across ten key wellness parameters including air, light, water, and community. It now stands as a benchmark for health-centred design, sustainability, and futuristic urban living in India.Read more