16 Feb 2026

Puravankara Ltd has obtained a registration certificate from the Maharashtra Real Estate Regulatory Authority for its residential project, Purva Estrella, enabling it to officially launch and sell homes under RERA guidelines. The approval confirms that the project meets regulatory requirements related to approvals, disclosures, and fund management. MahaRERA registration is a key compliance step for real estate developers operating in Maharashtra. The development aligns with Puravankara's broader strategy of expanding its residential portfolio while adhering to stricter regulatory and transparency standards introduced under RERA.Read more

Noida News Desk

15 Feb 2026

Residents of a housing society in Noida have urged the Uttar Pradesh Jal Nigam (Jal Board) to take action against the developer of their project after the builder failed to clear a substantial unpaid water bill, leading to accumulated dues of around INR 1.36 crore. The society said the outstanding amount relates to supplies from April 2025 onwards and that they have been left to rely on water tankers while regular connections remain unresolved. The builder's management said it had paid approximately INR 28 lakh towards the bill and attributed delays to incomplete water connections, noting that contributions from residents were still pending for a third connection. The dispute highlights ongoing challenges in utility provisioning and project completion in group housing schemes in the region.Read more

15 Feb 2026

Exotica Housing has announced an investment of approximately INR 500 crore for the development of Exotica One32, a luxury IT and ITES project in Sector 132, Noida. Spread across five acres along the Noida Greater Noida Expressway, the project will comprise two 27-storey towers offering premium office spaces ranging from 1,000 sq ft to 3,000 sq ft, along with integrated retail and F&B spaces. Priced at INR 13,990 per sq ft, the development has secured all statutory approvals, including RERA registration (UPRERAPRJ731857), with Phase 1 possession expected in January 2030. Positioned as a next-generation sustainable business ecosystem, the IGBC Gold-certified project aims to cater to corporates, entrepreneurs and IT/ITES occupiers seeking modern, well-connected commercial infrastructure in Noida.Read more

15 Feb 2026

Suraksha Smart City, Vasai, is set to commence the phased delivery of 5,868 Economically Weaker Section (EWS) homes under the Pradhan Mantri Awas Yojana (PMAY) during calendar year 2026. The handover, to be carried out building-wise across Phase 1, represents one of the largest integrated township deliveries in the Mumbai Metropolitan Region. Developed using advanced precast construction techniques and extensive mechanisation, the project has focused on speed of execution without compromising quality. Priced at INR 22.5 lakh for 1 BHK units, with a government subsidy of INR 2.5 lakh, the homes are aimed at first-time buyers. The development also underlines Vasai's growing role as an affordable residential hub within the Mumbai 4.0 growth framework.Read more

15 Feb 2026

Hero Realty, the real estate arm of Hero Enterprise, has entered into a strategic partnership with Panasonic Electric Works India to integrate advanced electrical infrastructure and smart living solutions at The Palatial, its flagship ultra-luxury residential project in Sector 104 along the Dwarka Expressway, Gurugram. The collaboration will see 150 select residences equipped with Panasonic's end-to-end power, electrical, and smart home solutions, positioning the project as a co-branded offering focused on long-term safety, reliability, and future readiness. The limited-edition homes, offered in 3.5 BHK and 4.5 BHK configurations, are priced from INR 5.25 crore onwards. The partnership reflects growing demand among premium homebuyers for wellness-led, technology-enabled living environments supported by robust core infrastructure rather than standalone smart features.Read more

Chennai News Desk

15 Feb 2026

The Madras High Court has refused to hear a batch of petitions opposing the proposed construction of a high-rise residential complex near the ecologically sensitive Pallikaranai marshland in Chennai, which includes a designated Ramsar site, judges said in court this week. Petitioners, including an advocate representing the AIADMK legal wing and the NGO Arappor Iyakkam, had sought to quash environmental and building plan approvals granted to the private developer and to restrain construction within a one-kilometre radius of the marshland, citing alleged violations of the Wetlands (Conservation and Management) Rules. However, a division bench led by the Chief Justice observed that matters concerning wetland protection were already before the Supreme Court and declined to conduct a parallel hearing, advising the petitioners to approach the apex court for relief. As a result, the interim stay on construction that had been in place was vacated.Read more

14 Feb 2026

Housing sales across India's top 15 tier-2 cities declined 10% year-on-year in 2025 to 1,56,181 units, while new launches fell 6% to 1,36,243 units, according to data released by PropEquity. Despite the drop in volumes, total sales value remained flat at INR 1.48 lakh crore, reflecting rising property prices and growing premiumisation. Sales of homes priced below INR 1 crore fell 15% YoY, reducing their share to 72%, while homes priced above INR 1 crore grew 9% YoY, increasing their share to 28%. Gujarat's four cities accounted for nearly two-thirds of total sales and launches, with Ahmedabad alone contributing 33% of total absorption. The report indicates that tier-2 markets are increasingly mirroring tier-1 cities in pricing trends and demand patterns.Read more

14 Feb 2026

Himachal Pradesh has announced plans to develop three new townships at strategic locations Baddi's Sheetalpur near the Chandigarh border, Morni Hills in Sirmaur district and Lunj near Kangra Airport as part of the state's broader urbanisation and housing expansion strategy. The proposals were highlighted at a meeting of the Himachal Pradesh Housing and Urban Development Authority (HIMUDA) Board, chaired by the Town and Country Planning Minister, with an initial allocation of INR 5 crore to kick-start preliminary activities. These township plans aim to modernise infrastructure, cater to rising residential demand and stimulate growth in key corridors. In addition to the township initiatives, HIMUDA is progressing residential development near Shimla under its Jathia Devi project and introducing policy reforms to streamline land pooling, buy-back and redevelopment across the state.Read more

14 Feb 2026

Alliance City Developers Realtors Pvt. Ltd. has performed the Bhoomi Pujan for Alliance Harmony, a boutique residential development in Matunga, marking the formal start of construction earlier this month. Located on Balkrishna Sule Marg, the project is positioned around a low-density living concept, offering one residence per floor with direct elevator access. The development will comprise spacious 3 BHK apartments and signature 4 BHK sky villas, designed to prioritise privacy, natural light, and cross ventilation. Backed by strong connectivity to educational institutions, transport nodes, and green open spaces, Alliance Harmony targets end-users seeking exclusivity in one of Mumbai's established residential micro-markets. With approvals in place and construction underway, the project adds to Alliance City's growing portfolio of redevelopment-led housing across central and western Mumbai, where demand remains skewed towards limited-supply, lifestyle-oriented developments.Read more

13 Feb 2026

Brihanmumbai Municipal Corporation (BMC) has initiated e-auction proceedings against six properties in Mumbai for non-payment of property tax amounting to INR 455.48 crore. The civic body also issued 21-day final notices to two additional defaulters in the Fort area of south Mumbai. The identified properties are located in Goregaon (West), Bandra (West), Dahisar, Parel, Mazgaon and Malad-Kurar village. Authorities said attachment and distraint action has been taken under provisions of the Mumbai Municipal Corporation Act. If dues remain unpaid after movable assets are auctioned, immovable properties will be put up for sale in compliance with statutory provisions and a Bombay High Court interim order.Read more

13 Feb 2026

Britain's housing market showed signs of stabilisation during the past month, according to a survey by the Royal Institution of Chartered Surveyors. Measures of house prices and new buyer enquiries improved, pointing to easing downward pressure after a prolonged slowdown. The findings support recent data from major mortgage lenders indicating rising home prices. Although activity levels remain subdued, confidence about sales prospects over the next year has strengthened, helped by greater clarity around fiscal policy. Experts caution that any recovery is likely to be gradual due to ongoing affordability challenges.Read more

Delhi News Desk

13 Feb 2026

Maharaja Manujendra Shah of Tehri Garhwal is poised to sell his expansive 3.2-acre bungalow located on Bhagwan Das Road in the Lutyens Bungalow Zone of New Delhi for approximately INR 1,000 crore, sources said. One of the most high-profile residential property deals in recent years, the transaction is in advanced stages and expected to be concluded shortly, with a local entrepreneur from the food and beverage sector emerging as the likely buyer. The estate, known as 5, Bhagwan Das Road, sits in one of India's most prestigious addresses, synonymous with ultra-luxury residential real estate. The prospective purchaser is also reported to be in the final stages of buying former prime minister Jawaharlal Nehru's first official Delhi residence for more than INR 1,100 crore, signalling sustained demand at the very top of the capital's trophy property market.Read more

13 Feb 2026

Oberoi Realty has announced that its joint venture firm, I-Ven Realty Ltd, has entered into agreements with Switzerland-based Aman Group to develop and manage a luxury hotel and branded residences project in Worli, Mumbai. The special purpose vehicle, which holds leasehold rights over a 4-acre land parcel on Dr Annie Besant Road, plans to construct an 80-room hotel and 150,000-200,000 sq ft (carpet area) of residential space for sale. Aman will manage the hotel under its brand for an initial 25-year term, extendable by 10 years. The residences will also be marketed and operated under the Aman brand. The hotel is expected to become operational in 2032.Read more

13 Feb 2026

The Municipal Corporation of Manesar (MCM) has intensified measures to curb revenue loss caused by residential properties operating as paying guest (PG) accommodations, hostels, or small commercial establishments without proper registration. Owners must declare the actual use of their properties or face penalties, including retrospective tax reassessment, fines, and possible disconnection of essential services. Inspection teams will verify properties on the ground to ensure records reflect reality. Voluntary disclosure before inspections will be accepted, but late declarations after verification will not shield defaulters from punitive action.Read more

Gurugram News Desk

13 Feb 2026

Property registrations and sales in Gurugram's Valley View Estate have been suspended after the development licence issued in 1994 to BSF Co-operative House Building Society Ltd. lapsed in 2011 and remained unrenewed. The Haryana DTCP has instructed authorities to make a red entry in revenue records, preventing all transactions until fresh approvals are secured. Despite repeated notices and a regulatory hearing last December, the society admitted it could not renew the licence. The move affects both existing residents and prospective buyers, reflecting the strict regulatory enforcement in Gurugram's real estate sector.Read more

12 Feb 2026

Sri Lotus Developers and Realty Ltd has been appointed as the developer for a redevelopment project in Lokhandwala, Mumbai, as disclosed in a regulatory update during the past week. The project adds to the company's presence in Mumbai's redevelopment-driven residential market, particularly in the western suburbs. Lokhandwala has seen consistent redevelopment activity due to ageing buildings and limited land availability. Although project size and financial details were not disclosed, the appointment aligns with the broader trend of developers focusing on urban renewal projects in established residential areas.Read more