27 Aug 2025

The Enforcement Directorate (ED) has filed a chargesheet against Gurugram-based realty firm Krrish Realtech Private Limited and its promoter, Amit Katyal, for allegedly diverting INR 205 crore of homebuyers' funds to a hotel project in Colombo, Sri Lanka. The ED's investigation, which is based on an FIR from Delhi and Gurugram Police, found that the company had collected over INR 500 crore from more than 400 customers for a project that was never completed. The diverted funds were funneled through a complex network of shell companies, highlighting a systematic fraud that has been under investigation since 2023.Read more

27 Aug 2025

The global luxury rental market is experiencing a modest recovery, with average rental growth reaching 3.5% in the second quarter of 2025, according to Knight Frank's Prime Global Rental Index. Indian investors are increasingly looking to stable gateway cities like London, New York, and Singapore as prime investment destinations. This renewed interest is driven by a combination of factors, including a shortfall in new construction, a global return-to-office trend, and consistent international demand. These cities have shown resilience and strong long-term growth, making them an attractive option for diversifying investment portfolios.Read more

27 Aug 2025

The Enforcement Directorate (ED) has arrested Amit Ashok Thepade, the director of Pune-based Galaxy Constructions, in a high-profile bank loan fraud case involving Canara Bank amounting to INR 117.06 crore. Thepade, who had been evading authorities for a prolonged period, was apprehended at a five-star hotel in Mumbai. The ED's investigation, which stemmed from a CBI FIR, revealed that Thepade's companies obtained credit facilities by allegedly double-mortgaging properties that had already been sold, and then siphoning off the funds for personal use.Read more

Mr. Aditya Kushwaha, CEO and Director, Axis Ecorp.

27 Aug 2025

Goa, long known for its beaches and laid-back lifestyle, is witnessing a new phase of real estate activity with the upcoming Goa-Mumbai Expressway set to change the way second homes are owned and enjoyed. The improved connectivity is expected to cut travel time nearly by half, making frequent visits practical and boosting both lifestyle appeal and investment potential. This shift is reshaping buyer demographics, spurring fractional ownership, and bringing lesser-known coastal villages and hinterlands onto the second-home map.Read more

Mr Aditya N Shah, Director, Mayfair Housing

27 Aug 2025

Mumbai, the country's financial capital and most populous city, is preparing for large-scale redevelopment to address ageing infrastructure and rising population demands. With predictions of increasing urban GDP contribution and growing need for office and housing space, cluster redevelopment under DCPR 2034 has been positioned as the solution. By incentivising developers with higher FSI and focusing on sustainability, the city aims to modernise neighbourhoods while ensuring inclusivity, affordable housing, and long-term urban resilience.Read more

27 Aug 2025

In one of Mumbai's latest high-value real estate transactions, Mr. Pradeep Gupta, the Co-founder & Vice-Chairman of Anand Rathi Wealth, and his wife have purchased a luxury apartment in the prestigious 'Three Sixty West' project in Worli for INR 131 crore. The deal, which was registered on August 20, 2025, reflects the soaring demand for ultra-premium properties in the city. The apartment, located on the 55th floor, is part of a mixed-use project developed by Oberoi Realty and also houses The Ritz-Carlton Hotel, solidifying Worli's status as a key destination for Mumbai's affluent.Read more

27 Aug 2025

The Chandigarh administration has mandated the installation of a firefighting system in the Dhanas Rehabilitation Colony, home to over 45,000 residents. Despite being constructed 13 years ago, the colony lacks the necessary fire safety infrastructure, violating the National Building Code (NBC)-2016. The Chandigarh Housing Board (CHB) has been instructed to initiate the installation promptly and report progress within a month. This decision follows concerns raised by residents and the administration's environment department regarding the colony's fire safety measures.Read more

26 Aug 2025

The Telangana Real Estate Regulatory Authority has suspended the Jai Vasavis Bliss Heights project by R Homes Infra after finding multiple violations of statutory provisions. The authority stated that the promoter misled homebuyers during pre-launch, signed agreements before securing registration, and failed to submit essential progress and audit reports. All promotional activities have been stopped, bank accounts frozen, and the developer has been instructed to respond to the interim order.Read more

26 Aug 2025

The Ghaziabad Development Authority has rolled out a new monthly grievance redressal mechanism, named RERA Samadhan Diwas, to address homebuyer complaints more directly and minimise escalation to UP RERA. The forum will convene every third Thursday at the GDA office, with its first session already seeing on-the-spot resolutions and withdrawals of cases from UP RERA. This step reflects the authority's growing accountability as a township developer under RERA and its effort to handle disputes efficiently while strengthening buyer confidence.Read more

26 Aug 2025

Gaurs Group is set to invest INR 1,400 crore in a new premium residential project on a 12-acre land parcel in Sector 22-D along the Yamuna Expressway, Gautam Buddh Nagar. The development aligns with the region's expected growth, particularly with the airport nearing operational status. The company has already established a 150-acre township in the corridor and continues to seek new land for expansion. Since its inception, Gaurs Group has delivered around 75,000 residential units across 70 projects and diversified into education, sports, and solar energy, strengthening its overall presence in the real estate sector.Read more

26 Aug 2025

Anjali Tendulkar, the wife of cricket legend Sachin Tendulkar, has purchased a 391 sq ft apartment in Virar, near Mumbai, for INR 32 lakh. The apartment, located in the Peninsula Heights building, was registered on May 30, 2025. This transaction highlights the continued investment in real estate in the Mumbai Metropolitan Region (MMR), with Virar being an attractive option due to its affordability and connectivity. The purchase, which included a stamp duty of INR 1.92 lakh, also saw Anjali Tendulkar benefit from a 1% concession on stamp duty as a woman homebuyer in Maharashtra.Read more

26 Aug 2025

The Rajasthan High Court has issued a stay on a government order to regularize 86 unauthorized colonies in the Sanganer area. A public interest litigation (PIL) argued that the regularization would unfairly benefit a few influential people who have encroached on land that was originally acquired by the Rajasthan Housing Board (RHB). The court has now ordered the state government to remove the encroachments and return the land to the RHB. The court's decision reinforces its strict stance against illegal construction and a disregard for urban planning.Read more

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