Suhan Shetty, Industrialist and Founder of Rubics Group

28 Mar 2026

Redevelopment activity across central Mumbai is gaining momentum as younger homebuyers increasingly prioritise lifestyle-driven housing in established locations. Micro-markets such as Sion, Sewree Wadala, Parel Lalbaug and Worli are witnessing renewed interest, supported by infrastructure upgrades including metro expansion and coastal road connectivity. Data indicates a rising preference for smart homes and wellness-focused amenities, with such projects commanding price premiums. Redevelopment is enabling the conversion of ageing housing stock into modern residential developments within core city areas, offering proximity to business districts along with integrated lifestyle features. The trend reflects a shift in demand patterns, with end users seeking convenience, connectivity, and amenity-rich living environments.Read more

27 Mar 2026

Manasum Senior Living has entered into a partnership with Alt DRX India to introduce fractional ownership in senior living housing projects. The move allows retail investors to participate in real estate with a lower entry point, starting from INR 10,000. Through a tokenised digital platform, select Manasum projects across cities like Bengaluru, Mysuru, Goa, Tirupati and GIFT City will be made available for fractional investment. The company plans to list around 25 per cent of its inventory, valued at nearly INR 25 crore, aiming to widen investor access to senior housing.Read more

27 Mar 2026

The Haryana Cabinet, chaired by Nayab Singh Saini, has approved an amendment to the Affordable Housing Policy-2013, increasing allotment rates for affordable group housing projects by 10-12%The revision comes in response to rising project costs, including land, construction materials, and labour. Under the updated framework, per sq ft carpet area rates have been revised across cities such as Gurugram, Faridabad and Sohna. The policy also clarifies adjustments for ongoing applications and introduces provisions for mixed land use development across the state.Read more

26 Mar 2026

The Goa State Pollution Control Board has served a show-cause notice on the Prabhu Violetta Phase I residential complex in Vasco, Goa, citing discharge of untreated sewage and absence of mandatory operational consent. The project has been asked to explain within a week why environmental compensation amounting to INR 44.50 lakh and INR 12.50 lakh should not be imposed. The regulator has also directed the immediate cessation of sewage discharge and mandated interim arrangements for waste transport to a public treatment facility. The action follows repeated non-compliance, including earlier directions issued last year and complaints from local authorities regarding unhygienic discharge affecting surrounding areas.Read more

26 Mar 2026

Brigade Enterprises Ltd has launched a new residential project, Brigade Belvedere, with an estimated revenue potential exceeding INR 11 billion. The initial phase of the project includes two residential towers offering 773 premium housing units. The launch reflects the company's continued focus on expanding its residential portfolio amid steady housing demand in key urban markets. Brigade Group has been actively introducing new developments in recent years to strengthen its presence, particularly in the mid to premium housing segment, aligning with evolving buyer preferences and urban growth trends.Read more

26 Mar 2026

The Kerala State Housing Board (KSHB) has approved the reconstruction of a structurally unsafe residential building in Chottanikkara, near Kochi, with an estimated cost of INR 2.27 crore. The three-storeyed block, built under the Saphalyam housing scheme to accommodate 24 families, became uninhabitable within a few years due to serious construction defects. The decision follows intervention by the High Court after residents were relocated to rented accommodation funded by the local body. Authorities found lapses in construction quality and supervision, including improper use of materials. The existing structure will be demolished and replaced with a concrete building, with planning already underway in coordination with local panchayat officials.Read more

25 Mar 2026

The Chandigarh Housing Board has approved an increase of up to 7 per cent in restoration charges for properties resumed due to non-payment of dues or building violations. The revised structure is expected to raise charges by approximately INR 1 lakh to INR 3 lakh, depending on property category and floor, with fees now linked to prevailing collector rates. The move affects a significant number of allottees, many of whom have already received notices for unauthorised construction or structural deviations. To regain possession, property holders will be required to clear outstanding dues separately in addition to paying the enhanced restoration charges. The administration is also pursuing a parallel proposal to regularise General Power of Attorney-based property transfers to address revenue losses and improve compliance.Read more

Pune News Desk

25 Mar 2026

Supreme Universal has announced an investment of approximately INR 1,500 crore to develop a residential project in Punawale, Pune. The project, named Supreme Rivana, will be executed over 12.6 acres under a joint development agreement and will have a development potential exceeding three million sq ft. It will comprise more than 2,200 apartments across multiple phases, targeting the mid-to-premium housing segment with 2BHK, 3BHK and 4BHK configurations. The phased construction approach aligns with demand in West Pune, a micro-market witnessing sustained residential activity driven by infrastructure growth and proximity to employment hubs.Read more

24 Mar 2026

Shapoorji Pallonji Real Estate has launched Nine Arcs, a premium residential project in Santacruz East, Mumbai, featuring a 14-storey tower inspired by European neo-classical architecture. The development includes 137 residential units and 9 commercial spaces, with 2 and 3 BHK homes sized between 671 sq ft and 1338 sq ft. Located near key connectivity points like the Western Express Highway and Bandra Kurla Complex, the project offers rooftop amenities, curated retail, and private decks. Prices start from INR 2.99 crore, targeting professionals and urban homebuyers.Read more

24 Mar 2026

Paranjape Schemes Construction Ltd plans to invest around INR 700 crore to develop four residential projects in Pune as part of its expansion strategy. The projects, located in Pune West, will collectively offer around 1,400 units across 1.75 million sq ft, with an estimated revenue potential of approximately INR 1,175 crore. The launches are aligned with the festive season, traditionally a key period for housing demand in India. The company is also progressing with three large integrated township developments. The expansion comes against the backdrop of a decline in Pune's housing sales volumes in the past year, reflecting changing market conditions in the residential segment.Read more

23 Mar 2026

Mahindra Lifespace Developers Ltd has launched the first two phases of its mixed-use housing project Mahindra Rainforest located on LBS Marg in Kanjur, Mumbai. Spread across 25.47 acres, the development is positioned as one of the larger projects in Mumbai's central suburbs and is planned as an integrated lifestyle destination. The company expects the residential phases to generate a gross development value of about INR 3,000 crore. While the firm has not disclosed the investment required, it continues to expand its presence across residential and integrated developments in multiple Indian cities.Read more

23 Mar 2026

Besqab AB has completed the sale of the final apartment in its Lilla Hll residential project located in Hgersten. The development, which was launched as part of the company's housing portfolio in Sweden, has now reached full absorption with all units sold. The announcement reflects the company's steady progress in executing its residential projects and aligning supply with market demand. The sale marks the closure of this specific project, indicating successful completion of its planned residential offering without remaining inventory.Read more