24 Jul 2025

A growing number of British and Irish property seekers are targeting Spain not just for holiday homes but as part of long-term lifestyle and retirement planning. Taylor Wimpey España revealed that 45% of its UK and Irish clients are aged between 45 and 59, signalling a shift toward forward-looking investments. Spain's stable property price growth, top-tier healthcare, and high global retirement ranking are drawing buyers to regions like Costa del Sol, where penthouse living offers both luxury and future value.Read more

24 Jul 2025

Mumbai's ultra-luxury housing segment witnessed a historic rise in the first half of 2025, with sales of homes priced at INR 10 crore and above touching a record INR 14,751 crore, a 20% jump over the same period last year. According to a joint report by India Sotheby's International Realty (ISIR) and CRE Matrix, this surge was led by robust demand in affluent neighbourhoods like Worli, Prabhadevi, and Malabar Hill. Primary market sales dominated both volume and value, indicating buyers' preference for newly built, well-amenitized luxury properties.Read more

24 Jul 2025

Nisus Finance Services has committed an investment of INR 115 crore through its Real Estate Special Opportunities Fund-I (RESO-I) into Kumar Vibe Properties Pvt Ltd a joint venture between Kumar Properties and Vibe Realty. The capital will fund three real estate developments: two society redevelopment projects in Khar and Goregaon (Mumbai), and a large-scale premium housing project in NIBM, Pune. Together, these projects hold a topline revenue potential of over INR 1100 crore, with Pune's project alone expected to deliver over 750 residential units. This move strengthens RESO-I's focus on de-risked, cashflow-positive urban projects.Read more

24 Jul 2025

Sunteck Realty Ltd has signed a joint development agreement with a private landowner to build a luxury residential project on a 3.5-acre plot at Mira Road, Mumbai. Located along the Western Express Highway, the project will offer 5.5 lakh sq ft of saleable RERA carpet area, with an estimated Gross Development Value (GDV) of INR 1,200 crore. This move aligns with Sunteck's asset-light strategy focused on premium housing in emerging suburban markets. Known for upscale developments in Goregaon, Oshiwara, and Naigaon, the company continues to secure key land parcels through partnerships, aiming to meet rising demand in fast-growing transit-linked corridors.Read more

24 Jul 2025

As property prices and inventory saturation rise in Andheri, Goregaon, and Malad, Mumbai's homebuyers and investors are steadily shifting towards northern western suburbs such as Kandivali, Borivali, Mira Road, and Vasai-Virar. These locations now offer relatively affordable rates, improved infrastructure, and enhanced connectivity through metro expansion and road development. The demand is being driven primarily by mid-income and upwardly mobile buyers aged 25-44, with developers responding through modern gated communities featuring green spaces and lifestyle amenities. Market indicators show that these micro-markets are witnessing robust housing sales and price appreciation despite fewer new launches.Read more

24 Jul 2025

The Telangana Real Estate Regulatory Authority (TGRERA) recently mandated Sandstone Infra (India) to refund INR 38 lakh to a homebuyer and pay an additional penalty of INR 9 lakh. This action, following an order issued last week, stemmed from the developer's failure to register its Medchal layout project and marketing plots without mandatory regulatory approval. TGRERA declared the firm a defaulter for violating the Real Estate (Regulation and Development) Act, which strictly prohibits advertising or selling units in unregistered projects, underscoring the authority's commitment to ensuring transparency and protecting homebuyers' interests.Read more

23 Jul 2025

fam Properties has been appointed as the exclusive master agency for Phase One of Keturah Ardh, a landmark AED 60 billion luxury township in Dubai's Al Rowaiyah First District. Developed by MAG Group, the project introduces 558 luxury townhouse plots across 93 clusters, blending traditional Arabic architecture with modern wellness features. Offering flexible payment plans, the first phase includes residential plots with townhouse permits, an increasingly rare asset class. Infrastructure and construction are expected to commence in 2026, with the full development set for completion by 2030.Read more

23 Jul 2025

DLF has officially exited the long-disputed INR 10,000 crore Tulsiwadi redevelopment project in South Mumbai after receiving INR 800 crore from Hubtown, ending years of litigation. The conflict began when a 900 crore loan from PNB Housing to the project's SPV was declared a non-performing asset in 2021, triggering share repossessions from DLF and Chinsha Property (Shapoorji Pallonji Group). DLF challenged the move legally but has now withdrawn all cases following the settlement. With DLF and Chinsha out, Hubtown gains full control. The project, near Willingdon Club in Tardeo, has three towers registered with RERA and fresh funding secured from Oaktree Capital.Read more

23 Jul 2025

The Supreme Court recently granted permission to the Central Bureau of Investigation (CBI) to file 22 criminal cases, equivalent to First Information Reports (FIRs), following initial findings of an "unholy nexus" between banks, builders, and development authorities in the National Capital Region (NCR). The probe primarily focuses on irregularities under the subvention scheme, where builders allegedly defaulted on EMI payments despite receiving loan disbursements directly from banks, leaving homebuyers burdened by delayed possession. This decisive judicial action aims for a thorough investigation across multiple developers and regions, seeking to bring accountability and provide clarity to affected homebuyers.Read more

23 Jul 2025

Apartment sales priced below INR 1 crore dropped by 32% across India's top seven cities in the first half of 2025, according to a new JLL report, while demand for premium homes priced above INR 1 crore surged by 6%. Cities including Mumbai, Delhi-NCR, Bengaluru, and Hyderabad saw a clear market shift towards luxury offerings, with premium units comprising 62% of total apartment sales. Industry experts attributed this trend to rising affluence, lifestyle upgrades, favourable financing conditions, and robust infrastructure growth.Read more

23 Jul 2025

Shruti R Pai, wife of the Manipal Group Chairman, has purchased a INR 64 crore luxury duplex in Bengaluru's Jayamahal Extension from Savyasachi Projects. Spanning the 13th and 14th floors of the Savyasachi Sarayu project, the 9,929 sq ft carpet area unit sets a benchmark price of INR 64,457 per sq ft. The transaction highlights a growing wave of high-value residential purchases in Bengaluru, driven by UHNIs amid limited luxury inventory. Jayamahal, near Bangalore Palace, is a top hotspot, with recent deals by Nithin Kamath, Binny Bansal, and Kris Gopalakrishnan's family. Experts say such properties are increasingly acquired for legacy, lifestyle, or end-use.Read more

23 Jul 2025

A recent Comptroller and Auditor General (CAG) report has revealed that 40 private developers in Mumbai collectively owe INR 261.14 crore to MHADA for transit tenements provided during redevelopment projects spanning 25 years. These temporary housing units were meant for residents displaced from old or slum structures, with developers required to pay advance rent and a security deposit. Of the 43 developers allotted 3,357 transit units, only three have cleared dues. The report highlights ongoing financial irregularities and poor compliance in Mumbai's real estate sector.Read more

23 Jul 2025

Odisha Real Estate Regulatory Authority (ORERA) has rolled out key reforms to protect homebuyers and strengthen its role in the state's growing real estate market. A major change mandates district collectors to include RERA enforcement in monthly reviews, integrating local administrative machinery with ORERA operations. The housing department will now collaborate with the revenue and disaster management departments to enforce penalties under the Orissa Public Demands Recovery Act. ORERA Chairperson Asit Kumar Mohapatra emphasized institutional strengthening and state coordination as top priorities. He also highlighted the importance of raising public awareness to ensure the success of these reforms and improve buyer confidence.Read more

23 Jul 2025

Telangana's Indiramma housing programme is facing hurdles as the Centre withholds PMAY-Gramin funds due to missing Aadhaar-based live facial authentication for 19.5 lakh rural beneficiaries. The biometric process is a key eligibility step under revised PMAY-G norms. Despite launching construction for 1.5 lakh homes, Telangana must complete these uploads by month-end to restore central funding. Meanwhile, the state is using its own funds to continue work, with INR 1.5 lakh earmarked per unit. In contrast, Telangana's PMAY-Urban progress remains strong-1.13 lakh units were approved and INR 1,500 crore released earlier this year, contributing to its broader five-year goal of 20 lakh homes.Read more

23 Jul 2025

Redevelopment has begun in Shanthipuram Colony, Kochi, where 197 families will receive new homes under the "Pocket Homes" model, replacing unsafe dwellings. Each compact cluster will house eight units on 0.75-cent plots, with homes costing INR 10 lakh each. The Kerala government is contributing INR 4 lakh per unit via the LIFE Mission scheme, while Kochi Corporation secured CSR funds from BPCL (INR 1 crore) and Sobha Group (INR 50 lakh) to cover the rest. Beneficiaries will receive registered land titles. Phase I includes 16 homes, supported technically by Azadi Group's engineering college. Earlier upgrades to roads and drainage have laid the foundation for this community transformation.Read more

23 Jul 2025

Telangana RERA has fined Countryside Realtors INR 38.59 lakh for serious violations at its long-delayed Westend Greens villa project in Mokila, Ranga Reddy. Out of 117 planned villas, only 20 have been delivered-missing key amenities like roads, sewage systems, and a clubhouse. Buyers accused the developer of misleading promotions and unauthorized layout changes, while also alleging threats against dissenting residents. RERA found the firm guilty of false advertising, unauthorized modifications, and failing to register the project. Further sales are banned until fresh approvals and registration are secured. If violations continue, the developer must refund buyers with compensation for delays and distress.Read more

23 Jul 2025

Pop superstar Taylor Swift recently established a new real estate record in Cape Cod by selling her former Hyannis Port mansion for USD 12.3 million. This property, once connected to her past romance, was acquired for USD 4.8 million in 2012 and later sold for USD 5.675 million after renovations, before its latest record-breaking transaction. The sale contributes to Swift's extensive real estate portfolio, reportedly valued over USD 150 million. Her escalating influence in luxury markets, now intertwined with partner Travis Kelce's own property ventures, highlights their growing stature as a prominent cultural and lifestyle force.Read more