29 Jun 2025

The Supreme Court has ruled that property registration alone does not guarantee legal ownership or transfer rights, placing the onus of due diligence squarely on the buyer. Registration only confirms procedural compliance; verifying title authenticity lies outside the registrar's scope. To prove valid ownership, buyers must present documents like the mutation certificate, tax receipts, title deeds, previous sale deeds, and encumbrance certificates-along with possession proof such as utility bills. The ruling is expected to tighten real estate documentation norms, reduce fraudulent transfers, and promote more transparent transactions. It marks a significant step toward legal clarity and stronger consumer protection in property dealings.Read more

29 Jun 2025

The Noida Authority has approved a targeted redevelopment policy to upgrade aging group housing societies and EWS units, inspired by Mumbai's urban renewal model. Focused on leasehold properties in sectors like 27, 93, and 93A, the plan allows phased redevelopment via project-specific RFPs. It includes demolishing old EWS flats and replacing them with larger, modern units while offering temporary housing during construction. Developers may sell extra units created through an increased FAR limit of 3.5, up from 2. The policy aims to enhance living standards, optimize land use, and improve infrastructure across older Noida neighborhoods, addressing long-standing urban renewal needs.Read more

29 Jun 2025

A PMAY housing lottery in Lucknow sparked protests after the UP Housing and Development Board gave preference to applicants able to pay the full amount upfront, sidelining those opting for installment payments. Of the 744 units in the draw, most were reissued homes from previous allotments where full payment had caused dropouts. Many low-income applicants, particularly for INR 5 lakh units, felt misled as the payment clause was not clearly highlighted. This marks the first time such a preference has been applied. An inquiry has been launched, with officials reviewing communication gaps. The move has raised broader concerns about equitable access to affordable housing.Read more

28 Jun 2025

Authorities at GIFT City and GujRERA are intervening to complete the stalled World Trade Center (WTC) project, specifically Towers B and C, after terminating the agreement with original developer WTC Noida Development Company due to delays and fraud allegations. While Towers A and D were completed, buyers of the other towers filed over 30 complaints citing non-delivery and missed returns. With promoter Ashish Bhalla under arrest, options being considered include handing the project to an association of allottees or appointing a new developer under RERA provisions. The move underscores the push for accountability and timely project delivery in GIFT City's high-stakes ecosystem.Read more

27 Jun 2025

Liebherr Appliances India has launched its first-ever Made-in-India range of Fully Integrated refrigerators, freezers, and combination units, manufactured at its Sambhajinagar plant. This marks India as the only country outside Europe producing these luxury appliances. Designed for high-end modular kitchens, the new range blends German engineering with features tailored to Indian climate needs. With immediate product availability, BIS compliance, and strong after-sales support, Liebherr aims to drive local adoption of built-in kitchen solutions. The launch was celebrated in Mumbai and aligns with India's growing demand for stylish, performance-driven home appliances-particularly in urban markets where modular kitchens and luxury housing are on the rise.Read more

27 Jun 2025

TNRERA has mandated that all registered real estate projects in Tamil Nadu must display dedicated, easily visible boards with key project details. These 2x4 ft boards must face a public road and show the promoter's name, project name, RERA registration number, estimated completion date, and the TNRERA website. Developers must submit photo proof of the installed board, certified by their engineer or architect, as part of Form-C documentation. Non-compliance could delay project approvals. This move strengthens transparency and aligns with earlier display rules under Tamil Nadu's building regulations, ensuring buyers and the public can easily verify project status on-site.Read more

27 Jun 2025

New-home sales in the U.S. tumbled 13.7% last month, sliding to their lowest level since late last year as mortgage rates hovered near 7% and consumer sentiment weakened. Builders have responded with price cuts and incentives, but elevated borrowing costs and rising input expenses spurred by tariffs are dragging demand and construction. Inventory has swelled to levels unseen since 2007. With builder confidence sagging and policy uncertainties persisting, analysts predict continued market softness and potential ripple effects across the broader economy.Read more

27 Jun 2025

The Navi Mumbai Municipal Corporation (NMMC) has identified 2,111 buildings that have failed to obtain mandatory occupancy certificates (OCs), despite having received commencement approvals. This list, published in compliance with a Bombay High Court directive, has been made publicly accessible via the NMMC website and ward offices. Developers and occupants have been asked to immediately approach the Town Planning Department to regularise their status. Failure to act could attract penalties under the Maharashtra Regional and Town Planning Act, 1966. The move is part of a broader drive to enhance building compliance and ensure residential safety across Navi Mumbai's expanding urban landscape.Read more

27 Jun 2025

Arbour Investments has entered South India with a INR 105 crore investment in ELV Projects' Highgarden and Kingsland developments in Whitefield, Bengaluru. The projects span 11.74 lakh sq. ft. with 596 units, slated for completion by late 2026. Whitefield's strong infrastructure and soaring property values make it a strategic growth hub. Arbour's first INR 20 crore tranche reflects trust in ELV's execution capabilities. The alliance underscores Arbour's focus on transparency and performance-driven developers. ELV's Chairman E. Bhaskar sees this as a benchmark-setting moment in mid-premium housing. Arbour, managing over INR 600 crore, continues scaling its Capital-to-Consumer real estate model across emerging urban markets.Read more

27 Jun 2025

The Noida Authority has challenged the Allahabad High Court's directive to register flats in Lotus Boulevard Espacia and Lotus 300, citing INR 87 crore and INR 160 crore in unpaid dues by developers Cloud 9 and HPPL, respectively. Despite occupancy certificates, flat registrations remain stalled for buyers who have paid in full. HPPL is under insolvency proceedings, though the court clarified promoters are still liable for scrutiny. The court also directed the Enforcement Directorate to investigate alleged fund diversion by Cloud 9's promoters. While the Authority may escalate the matter to the Supreme Court, buyer groups argue that compliant homeowners should not suffer for developer defaults.Read more

27 Jun 2025

The branded residences sector has recorded a striking 180% growth globally over the past decade, driven by demand from high-net-worth individuals seeking luxury, convenience and consistent service. Portugal, particularly the Algarve, has emerged as a standout market with Kronos Homes offering Marriott and Westin-branded properties at the Salgados Resort. The developments boast premium amenities, beach or golf-front locations, and seamless ownership experiences. With fully furnished, key-ready options and optional rental programmes, these homes are proving appealing as both lifestyle purchases and investments.Read more

26 Jun 2025

An audit by Gurugram's Municipal Corporation (MCG) uncovered that ownership details for 34 properties-owing INR 97.2 crore in property tax-are missing, making recovery legally impossible. The city's total outstanding property tax has surged to INR 280.6 crore, with additional arrears in fire tax (INR 18.4 crore) and development charges (INR 35.6 crore). Amid criticism at a recent MCG House meeting, officials vowed to retrieve records from the revenue department and pursue legal recovery. To improve collections, the MCG is conducting door-to-door surveys, hosting correction camps, and enhancing its online system to ensure accurate records and close the revenue gap.Read more

26 Jun 2025

Gurugram's premium real estate sector is booming, even as national housing sales decline. Driven by strong infrastructure, seamless connectivity, and growing buyer interest, luxury projects along Golf Course Extension and SPR are seeing record-breaking demand. Trump Residences sold out in hours, while DLF's Privana North was fully booked during its soft launch. Despite a nationwide sales dip, Delhi-NCR posted 16% growth, led by Gurugram's vibrant launch pipeline. With branded homes and gated communities becoming the norm, the SPR corridor is fast emerging as the city's most sought-after real estate zone. Gurugram is no longer a satellite city-it's setting new benchmarks.Read more

26 Jun 2025

Indian cricketer Shivam Dube has purchased two luxury apartments worth INR 27.5 crore in DLH Enclave, Oshiwara, Mumbai-spanning over 9,600 sq ft, including a 3,800 sq ft balcony. The deal was registered earlier this month with a INR 1.68 crore stamp duty. DLH Enclave is an ultra-premium complex, home to celebrities like Kapil Sharma and the late Irrfan Khan. The Oshiwara-Lokhandwala belt is a long-standing hub for entertainment industry professionals, known for upscale projects like Windsor Grand and Raheja Classic. With major redevelopment underway, led by builders like Puravankara and Rustomjee, the area is rapidly transforming into a modern luxury residential hotspot.Read more

26 Jun 2025

Adani Group, Vedanta, Dalmia Bharat Cement, and Suraksha Group-controlled Jaypee Infratech have submitted resolution plans to acquire debt-laden Jaiprakash Associates Ltd (JAL), which is undergoing insolvency proceedings under NCLT's Allahabad Bench. JAL owes nearly INR 57,185 crore and must be resolved as a single entity. Patanjali Ayurveda, though shortlisted, did not bid. JAL's assets include major real estate projects like Jaypee Greens and Wishtown, hospitality properties, non-operational cement plants, and toll and power interests. Each bidder brings a unique strategic angle, with cement, real estate, and infrastructure assets attracting industry-wide attention. The outcome will shape the future of JAL's diverse portfolio.Read more

26 Jun 2025

The Odisha High Court has ordered the Cuttack district administration to submit an immediate status report on over 700 structurally unsafe buildings across the city. The directive follows rising safety concerns in densely populated zones like Nimchouri, Nayasarak, and Buxi Bazar. A joint task force has identified 12 high-risk buildings needing urgent action, with the Sub-Collector instructed to act under the Bharatiya Nagarik Suraksha Sanhita, 2023. The court demanded an updated affidavit on survey progress and remedial measures. Despite surveys proposed as early as 2010, sustained action has lagged-prompting the court's push for accountability amid incidents of collapses and near-misses.Read more

26 Jun 2025

The Bhopal Municipal Corporation has flagged over 1,200 buildings as structurally unsafe-up from 450 last year-prompting evacuation notices to around 700 households, especially in old city areas like Aishbagh. Legal disputes over property rights and political pushback have stalled repairs and demolitions, even as monsoon risks loom. Many unsafe buildings obstruct stormwater channels or sit atop drainage lines, worsening flood management in a city already prone to waterlogging. Experts warn that unchecked urbanisation and encroachments over historical water bodies have left Bhopal ill-equipped for seasonal rains. Despite annual warnings, slow enforcement and infrastructure neglect continue to hinder meaningful action.Read more