07 Aug 2025

Uttar Pradesh's co-developer policy is now in action in Noida, aiming to revive stuck housing projects. Nimbus Projects has taken over the long-delayed Sunworld Arista in Sector 168, investing over INR 1,000 crore and settling INR 170 crore in dues. Work has resumed on core infrastructure, benefitting 400 homebuyers. Under the policy, a co-developer pays 25% of dues and signs a tripartite agreement with the Noida Authority and original promoter, unlocking project approvals and RERA extensions. Nimbus also plans a luxury Phase - Arista Luxe. With five projects approved and developers like Apex showing interest, the model is gaining momentum as a revival tool.Read more

07 Aug 2025

In a move to provide permanent housing for residents of Ambedkar Layout in Ashokapuram, the Karnataka government will develop a dedicated township across 20 acres. Announced by the Social Welfare Minister and Mysuru district in-charge, the plan includes essential amenities to support holistic community development. Discussions are ongoing with the Mysuru Development Authority and local officials to finalise land within or near municipal limits. Financial support has been approved, with INR 1 crore allocated to renovate the local Community Hall and INR 20 crore for completing Ambedkar Bhavan. The project aims to uplift hundreds of families, reinforcing the government's commitment to social justice.Read more

07 Aug 2025

Pune's residential property market evolved significantly in H1 2025, with rising demand for premium, spacious homes. The city recorded the highest average ticket size growth among Tier 1 cities, up 7% to INR 0.74 crore. Premium homes made up 45% of market value, while affordable units under INR 1 crore retained a 55% share. With over 45,000 units sold and nearly 39,000 launched, Pune balances aspiration with accessibility. Key growth areas include North West Pune and PCMC. Experts cite the city's lifestyle appeal, strategic location, and upcoming connectivity to Navi Mumbai Airport as driving momentum. Pune's housing story now blends inclusivity with premiumisation.Read more

06 Aug 2025

The Ghaziabad Development Authority has announced its intent to initiate legal proceedings against both serving and retired officials involved in allowing unauthorised construction in the Express Garden Housing Society, located in Indirapuram. A court-appointed panel revealed that 134 flats were built over and above the sanctioned 400, prompting recommendations for FIRs against the developer, architect, and officials. The developer has denied wrongdoing, citing internal reconfiguration of units. The issue is currently under the Allahabad High Court's review, with further hearings due in the coming weeks.Read more

06 Aug 2025

MahaRERA recently pulled up a Mumbai-based real estate developer after homebuyers complained about being allotted parking spaces in a wing different from where their flats were located. Despite having paid for puzzle car parking slots, the buyers were not provided with marked or numbered spaces. When residents formed separate housing societies, access to the assigned parking was denied. MahaRERA deemed this a deficiency in service and ordered corrective action.Read more

06 Aug 2025

Actor Aamir Khan has leased four luxury apartments in Mumbai's upscale Wilnomona building on Nargis Dutt Road, Pali Hill, at a reported monthly rent of INR 24.5 lakh. The five-year lease includes a 45-month lock-in and 5% annual rent escalation. He paid a security deposit of INR 1.46 crore, along with stamp duty and registration charges. The move comes as his existing residences in the Virgo Cooperative Housing Society undergo redevelopment by Atmosphere Realty (Wadhwa Group, MICL, Chandak Group). The upcoming tower is set to feature ultra-luxury, sea-facing units priced above INR 1 lakh/sq ft, with some expected to cross INR 100 crore.Read more

06 Aug 2025

Shweta Tripathi, the acclaimed actress best known for her role in the hit series "Mirzapur," has made a significant real estate investment in Mumbai. She purchased a new 3 BHK apartment in the city's prime residential locality of Chembur for INR 3 crore. The property, located in the Supreme Boulevard building, spans 938 square feet. The transaction, registered in early July, included two dedicated car parking spaces and saw Tripathi benefit from a special stamp duty relaxation for women homebuyers.Read more

06 Aug 2025

The Supreme Court has ruled in favor of CREDAI-MCHI in a key environmental clearance case, unlocking over 493 previously stalled housing projects in the Mumbai Metropolitan Region and Pune. The verdict restores the authority of state-level environmental bodies, benefiting over 70,000 housing units primarily in the affordable and mid-income segments. The decision overturns earlier notifications that caused regulatory confusion, marking a major win for developers and homebuyers. The legal intervention by CREDAI-MCHI brings long-awaited clarity and momentum to real estate growth in Maharashtra.Read more

06 Aug 2025

The Andhra Pradesh government's NTR Smart Townships scheme, aimed at the middle-income group (MIG), has seen a poor response with just 29% of the plots sold and only 23% of the expected revenue collected. Despite initial interest from nearly 3.9 lakh applicants, various issues like pricing, eligibility restrictions, and lottery-based allotment discouraged buyers. The government has now paused fresh applications, plans to auction unsold plots, revise fee structures, and convert unlaunched layouts into commercial zones under the Urban Development Authority.Read more

06 Aug 2025

The Department of Town and Country Planning (DTCP), Gurugram, recently demolished an unauthorized structure constructed by the Resident Welfare Association (RWA) of Emaar Palm Hills in Sector 77. The RWA had built a meeting hall in the society's open area, which violated the approved layout plan. Despite earlier notices, the association failed to act, leading to the enforcement. DTCP clarified that RWAs are not permitted to carry out construction in common or green areas, regardless of internal resolutions. The demolition received support from residents and planning experts.Read more

06 Aug 2025

The Ghaziabad Development Authority (GDA) has filed a new FIR against Ansal Properties after a severe basement cave-in incident at Sushant Aquapolis township near Crossings Republik. Heavy rainfall led to water collecting in an unfenced 15-foot-deep pit, submerging vehicles parked near Tower 7. The builder had reportedly handed over possession without securing a completion certificate and failed to install key infrastructure. This comes as the latest in a string of FIRs against the company over project delays, forgery, cheating, and regulatory violations across Ghaziabad and Lucknow.Read more

05 Aug 2025

Work under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) in Mysuru and Chamarajanagar has slowed due to a sharp increase in construction material and labour costs. In Mysuru, of the 20,908 sanctioned houses, work has begun on around 13,442, while in Chamarajanagar, approvals have been issued for just 10,712 of the 39,317 houses. The government grant of INR 1.2 lakh for general category and INR 1.8 lakh for SC/ST beneficiaries is no longer enough to cover construction expenses. Many beneficiaries have not yet received allotment letters, delaying the start of construction.Read more

05 Aug 2025

A newly built high-rise residential complex comprising 184 expansive flats for Members of Parliament is set to be inaugurated by Prime Minister Shri Narendra Modi. Located on Baba Kharak Singh Marg, the four-tower project was completed within two years by Sam India Infrastructure under the Central Public Works Department (CPWD). Designed with enhanced space and modern construction techniques, the flats offer generous amenities, including offices, helper rooms, and a community centre. With solar panels and sustainable features, the project aims to achieve a GRIHA 4-star rating.Read more

05 Aug 2025

Auto-component manufacturer Anand Automotive has purchased a 1,550-square-yard bungalow on Kautilya Marg in Delhi for INR 195 crore. With an additional stamp duty of around INR 13.65 crore, the total deal value comes close to INR 209 crore. The high-value transaction adds to a recent string of big-ticket bungalow deals in the capital. Earlier, Endurance Technologies MD Anurag Jain and Aakash Chaudhry of Aakash Educational Services had acquired similar properties in the same area for over INR 130 crore.Read more

05 Aug 2025

Pune Municipal Corporation has doubled its property-tax discounts for green features over the past six years from about 86,000 beneficiaries in 2019-20 to roughly 1.5 lakh now offering 5-10% relief to owners with functional solar panels and vermicomposting systems. The corporation claims surprise inspections and cancellations if installations go offline, but local activists and experts challenge the enforcement's consistency. While this incentive is part of broader efforts to promote sustainability, questions remain over actual performance and oversight. The scheme coincides with a wider push in Maharashtra municipalities for green-rated buildings through fiscal, not built-area, perks.Read more

05 Aug 2025

Following a Bombay High Court directive, MahaRERA has reinstated hybrid hearings, allowing litigants to choose between physical and virtual appearances. The court found the earlier virtual-only format hindered access to justice and noted that other tribunals had already adopted hybrid models. Complaints cited unclear schedules, delays, and no mechanism for urgent matters. The court instructed MahaRERA to revise its procedures, including creating a register for urgent mentions, publishing timestamped orders, setting fixed hearing dates, and providing transparent cause-lists and contact details. MahaRERA has confirmed that both hearing modes are now active and is expected to submit a compliance report soon.Read more