01 Aug 2025

Aldar Properties has reported a sharp rise in quarterly net profit, driven by strong property sales-especially from Chinese investors-across its Abu Dhabi residential and commercial portfolio. The development division led growth, supported by new launches and successful sales efforts, while revenue from investment properties also rose due to higher occupancy and rental rates. Executives noted increased international interest, particularly in premium and waterfront projects. Strong operational execution, including on-time delivery and cost controls, further boosted performance. Aldar is also expanding into new geographies and asset classes through acquisitions and joint ventures, aiming to grow recurring income and enhance long-term stability.Read more

01 Aug 2025

The Bhubaneswar Development Authority has directed allottees of its residential properties to obtain a Unique Account Number (UAN) by the end of August to continue availing services such as lease deeds, NOCs, property transfers, and conversion from leasehold to freehold. A dedicated facilitation cell at the authority's headquarters has been activated to assist applicants. The authority has also recorded progress in its ongoing property conversion programme, approving over 740 conveyance deeds across 27 housing schemes. Allottees must meet specific eligibility conditions, including construction status and legal compliance.Read more

01 Aug 2025

Portugal's housing market has maintained strong buyer interest for six consecutive months, with prices continuing to rise, as per the RICS and Confidencial Imobiliário Housing Market Survey. The premium segment, particularly in the Algarve, is witnessing brisk sales. The Residences Vale do Lobo, a newly launched luxury project within the prestigious Vale do Lobo resort, has already approached the halfway mark in sales just weeks after its release. Domestic and international investors alike are drawn to the blend of lifestyle and investment potential on offer.Read more

01 Aug 2025

The Telangana Housing Board recently conducted an online auction for a one-acre commercial plot in KPHB Phase 4 that fetched over INR 65 crore. Winning the bid was the Institute of Chartered Accountants of India (ICAI), amid competition from eleven bidders. Simultaneously, 131 Rajiv Swagruha apartments in Bandlaguda were allocated by lottery to middle-income beneficiaries, raising INR 26 crore in total. These transactions reflect the government's continuing strategy to provide affordable urban housing while netting revenue from surplus assets.Read more

01 Aug 2025

ATS Infrastructure has fully repaid INR 190 crore, covering both principal and interest, to the government-backed SWAMIH Fund after completing its previously stalled residential project 'ATS Marigold' in Gurugram. The SWAMIH Fund had invested INR 133 crore in the project back in February 2021, providing crucial support during a financial crunch. With all 422 units across six towers completed, the project has now secured an occupation certificate. The repayment underscores the fund's impact in reviving stressed projects, especially those derailed due to the NBFC crisis and the pandemic.Read more

01 Aug 2025

India's residential real estate sector witnessed a recalibrated momentum during Q2 2025, characterised by shifting developer strategies, premium housing focus, and uneven performance across metros. According to ANAROCK's latest findings, while overall sales dropped by 20% year-on-year, the total value of housing sales marginally rose by 1%, reflecting a tilt towards high-value homes. Mumbai led in inventory levels and pricing, whereas NCR and Pune presented mixed outcomes driven by affordability challenges and inventory absorption trends.Read more

01 Aug 2025

Godrej Properties has forayed into the Vadodara real estate market by acquiring approximately 34 acres of land for the development of a residential project comprising premium plots. This move marks the company's entry into the city as part of its broader Gujarat expansion strategy. Previously, the firm had acquired a 3-acre parcel in Ahmedabad's Vastrapur area. The new Vadodara project will focus exclusively on plotted residential offerings, reflecting growing demand in the region.Read more

01 Aug 2025

The Odisha Real Estate Regulatory Authority (ORERA) has reinforced compliance by instructing developers to submit Quarterly Progress Reports (QPRs) within a strict timeframe. Promoters who fail to meet this requirement risk having their projects marked as "non-compliant." This directive aligns with Rule 16 of the Odisha Real Estate (Regulation and Development) Rules, 2017, and is intended to ensure accountability and transparency in the state's real estate sector. The authority has now begun tagging defaulting projects on its official platform to publicly highlight non-adherence.Read more

01 Aug 2025

Three properties in Sushant Lok 1, Gurugram were sealed by the Department of Town and Country Planning (DTCP) during an enforcement drive conducted earlier this week. Authorities cited violations of residential zoning regulations, including illegal commercial operations and unauthorised construction. A crèche plot was being misused for educational and dance classes, a residential building was operating as a girls' hostel, and parking space had been converted into living units. While residents responded with mixed views, the department stated the action was necessary to uphold civic order.Read more

01 Aug 2025

The Brihanmumbai Municipal Corporation (BMC) recently opened bids for the redevelopment of 64 slum plots on its land, receiving 86 responses. However, only 22 plots across seven wards attracted bidders, while 26 schemes found no takers and 17 were kept on hold due to technical reasons. This initiative, under Regulation 33(10) of DCPR-2034, allows for redevelopment without the consent of slum dwellers on BMC-owned land. The civic body aims to develop around 400,000 square meters of land and will remain the planning authority, with further bid openings scheduled for early August.Read more

Mr. Nagabhushana Reddy, Founder & Managing Director, NBR Group

31 Jul 2025

Luxury housing in Bengaluru is undergoing a quiet transformation, moving away from traditional notions of scale and opulence to embrace wellness-driven, tech-integrated, and emotionally resonant design. Fuelled by the preferences of affluent buyers including global professionals and tech entrepreneurs, high-end homes are now being crafted around nature-inspired architecture, multifunctional interiors, and smart automation. Reports indicate that India's luxury housing market is projected to reach INR 124.20 billion by 2030, with Bengaluru positioned as a key growth centre.Read more

31 Jul 2025

India's real estate sector is witnessing a shift, with distressed and stalled housing projects emerging as attractive investments. Over 500,000 units across major cities remain stalled, but developers and private equity firms now view them as turnaround opportunities due to high discounts, rising demand for ready-to-move-in homes, and improved regulatory clarity. Government initiatives like the INR 15,000 crore SWAMIH fund are boosting investor confidence. Experts highlight the importance of clean documentation, market-aligned redesigns, and reliable execution. As investor sentiment matures, distressed assets are being repackaged into viable ventures, potentially addressing housing shortages and unlocking capital in India's evolving real estate landscape.Read more

31 Jul 2025

The Uttar Pradesh government has secured INR 12,031 crore under the Pradhan Mantri Awas Yojana (Urban) Mission 2.0. This funding aims to provide permanent houses to the urban poor across the state, aligning with the "Housing for All" initiative. Chief Minister Yogi Adityanath has stressed transparency and quality, ensuring each house is geo-tagged, photographed, and designed with disaster-resilient features. With construction costs shared between central and state governments, this move is set to boost social security for the urban poor and support integrated urban development throughout Uttar Pradesh.Read more

31 Jul 2025

Akhil Wable, founder of DataforIndia, has purchased a 1,280-sq-yard plot in South Delhi's Vasant Vihar for INR 113 crore from Eleannt Enterprises, which had acquired it for INR 95 crore just months earlier. The deal underscores high demand and rapid appreciation in South Delhi's elite property market, where plots fetch INR 9-12 lakh per sq yard. However, construction is currently restricted on the plot due to its proximity to a ridge area. South Delhi, comprising 18,446 plots across 42 A-C category colonies, is valued at INR 5.65 lakh crore. Premium colonies like Vasant Vihar remain top-tier for high-value transactions.Read more

30 Jul 2025

The Bombay High Court recently dismissed a review petition filed by the Motilal Nagar Vikas Samiti, thereby clearing the way for the substantial redevelopment of 141 acres of MHADA land in Goregaon West, Mumbai. Adani Realty has been appointed as the Consultant and Development Agency for this project, estimated to cost INR 21,000 crore. The court reaffirmed MHADA's right as the landowner to appoint private developers through competitive bidding. This decision, which follows earlier legal actions over illegal constructions, allows the large-scale housing redevelopment to proceed, with the developer covering costs for transit, rehabilitation, and related amenities for eligible residents.Read more

30 Jul 2025

The Bombay High Court has ordered a probe into 935 redevelopment notices issued by MHADA's Mumbai Building Repairs and Reconstruction Board (MBRRB), questioning their legitimacy. The court found that these notices-labeling cessed buildings as dangerous-were based only on visual inspections, without structural assessments. A two-member committee led by retired judges will investigate whether officials acted arbitrarily or with improper motives. The court criticized MHADA's reliance on a December 2024 SOP that allegedly exceeded legal authority. This ruling reinforces property rights and curbs misuse of Section 79A of MHADA guidelines. The case will be reviewed on August 12, with a report due in six months.Read more