27 Jul 2025

China's outstanding property loans rose to a two-year high in June, signaling intensified efforts by the government to support the struggling real estate sector. The overall loan book reached 53.33 trillion yuan, with development loans increasing slightly, while mortgage loans remained subdued. Despite this lending push, the housing market continued to show signs of weakness, with new home prices falling at the sharpest rate in eight months. The rise in loans comes at a time when Beijing is taking multiple steps to stabilize the market, including letting local governments purchase unsold homes and land from financially stressed developers.Read more

27 Jul 2025

Odisha's Housing and Urban Development Department launched a streamlined initiative to accelerate implementation of the Real Estate (Regulation and Development) Act. Following a high-level review chaired by the Chief Secretary, key departments including Revenue & Disaster Management, Town Planning, General Administration, and ORERA have been instructed to report on progress. Priorities include developing digital tools, integrating land-record portals, deploying enforcement squads, and filling vacant operations roles. These targeted measures build on reforms introduced earlier in July aimed at strengthening monitoring, improving inter-departmental coordination, and protecting homebuyers from illegal developments.Read more

27 Jul 2025

The Gujarat government has scrapped the INR 200 fee for ownership certificates, or 'sanads,' under the SVAMITVA scheme, making them free for rural property holders. This move will benefit about 25 lakh villagers, with the state allocating INR 50 crore to fund the initiative. Along with the property card, beneficiaries will now receive the sanad at no cost. The SVAMITVA scheme, launched nationwide in 2021, uses drone surveys to map rural land and issue legal ownership documents. The initiative aims to cut property disputes and promote access to credit and government benefits.Read more

27 Jul 2025

Uttar Pradesh recently raised its stamp duty waiver for properties registered in women's names from INR 10 lakh to INR 1 crore, increasing the maximum discount from INR 10,000 to INR 1 lakh. This change is expected to make middle-class women more financially independent and enhance their status in society. It also aligns with earlier national-level proposals to support women's property rights. Alongside this, the state cleared several other initiatives, including allocating land for an IR-detector research centre creating new jobs and boosting defence tech.Read more

26 Jul 2025

UK home sellers made unusually deep price cuts this summer, marking the steepest fall for July since records began over 20 years ago. Average asking prices dropped by 1.2%, with sellers reducing expectations by nearly GBP 4,600 in an effort to stand out in a crowded market. London and higher-end properties took the biggest hit. However, buyer activity remained strong, helped by falling mortgage rates and better wage growth. Although some momentum from earlier tax incentives has faded, overall market sentiment continues to show resilience despite economic uncertainty and rising supply pressures.Read more

26 Jul 2025

The Chandigarh Administration has served a notice to former BJP MP Kirron Kher, seeking INR 12.76 lakh in unpaid rent for a government-allocated residence in Sector 7. Issued by the Assistant Rent Controller, the demand includes accumulated licence fees and interest charges. Kher, however, has contested the basis of the charges, stating she became aware of the dues through media reports. Her office has requested a clarification on the rent calculations, alleging that they contradict established House Allotment Committee rules.Read more

25 Jul 2025

Real estate developer Casagrand has ventured into the international market with the launch of its inaugural project on Dubai Islands in the UAE. With a focus on high-growth markets and lifestyle-centric developments, the company is targeting over 6 million sq ft of premium residential and mixed-use developments in the UAE across the next three years. It is actively scouting land parcels in key growth communities and aims to replicate its proven delivery track record in this global real estate hub.Read more

25 Jul 2025

Maharashtra's newly unveiled Housing Policy 2025 targets INR 70,000 crore in investments and aims to build 50 lakh homes over the next decade, with 35 lakh planned in five years. The policy focuses on slum rehabilitation, affordable housing, and urban sustainability-especially for EWS, LIG, MIG groups, industrial workers, and senior citizens. Affordable housing now enjoys infrastructure status, easing access to funding via ECB, FDI, and PSL. Key initiatives include redevelopment of old buildings, integrated townships, and the 'Walk to Work' model with dedicated MIDC housing zones. A INR 20,000 crore MahaAwas Fund and a state housing portal will further support implementation and transparency.Read more

25 Jul 2025

Rajasthan's revamped Township Policy sets a new course for eco-conscious and inclusive urban growth. It mandates parks and utility spaces, promotes rainwater harvesting and wastewater recycling, and emphasizes affordable housing for all segments especially EWS, LIG, and industrial workers. The policy also encourages vertical development and mixed-use planning, while developers are held accountable to maintain infrastructure. This vision aligns with feasibility studies for satellite towns and advances in renewable energy demonstrating a momentous move toward sustainable city planning without sacrificing essential services.Read more

25 Jul 2025

In Thiruvananthapuram, renovation of 186 dilapidated homes in Bonacaud is set for completion by December, offering plantation workers safe, dignified housing as a New Year's gift. Once part of the historic Bonaccord tea estate, workers had lived in rundown "layam" units since the estate's closure in the early 2000s. The INR 4 crore project is jointly funded by the labour and plantation departments. It aligns with Kerala's LIFE Mission, which provides secure housing and inclusive support to vulnerable groups. This initiative marks a major step in restoring dignity and stability for the long-marginalized plantation worker community in Bonacaud.Read more

24 Jul 2025

A growing number of British and Irish property seekers are targeting Spain not just for holiday homes but as part of long-term lifestyle and retirement planning. Taylor Wimpey España revealed that 45% of its UK and Irish clients are aged between 45 and 59, signalling a shift toward forward-looking investments. Spain's stable property price growth, top-tier healthcare, and high global retirement ranking are drawing buyers to regions like Costa del Sol, where penthouse living offers both luxury and future value.Read more

24 Jul 2025

Mumbai's ultra-luxury housing segment witnessed a historic rise in the first half of 2025, with sales of homes priced at INR 10 crore and above touching a record INR 14,751 crore, a 20% jump over the same period last year. According to a joint report by India Sotheby's International Realty (ISIR) and CRE Matrix, this surge was led by robust demand in affluent neighbourhoods like Worli, Prabhadevi, and Malabar Hill. Primary market sales dominated both volume and value, indicating buyers' preference for newly built, well-amenitized luxury properties.Read more

24 Jul 2025

Nisus Finance Services has committed an investment of INR 115 crore through its Real Estate Special Opportunities Fund-I (RESO-I) into Kumar Vibe Properties Pvt Ltd a joint venture between Kumar Properties and Vibe Realty. The capital will fund three real estate developments: two society redevelopment projects in Khar and Goregaon (Mumbai), and a large-scale premium housing project in NIBM, Pune. Together, these projects hold a topline revenue potential of over INR 1100 crore, with Pune's project alone expected to deliver over 750 residential units. This move strengthens RESO-I's focus on de-risked, cashflow-positive urban projects.Read more

24 Jul 2025

Sunteck Realty Ltd has signed a joint development agreement with a private landowner to build a luxury residential project on a 3.5-acre plot at Mira Road, Mumbai. Located along the Western Express Highway, the project will offer 5.5 lakh sq ft of saleable RERA carpet area, with an estimated Gross Development Value (GDV) of INR 1,200 crore. This move aligns with Sunteck's asset-light strategy focused on premium housing in emerging suburban markets. Known for upscale developments in Goregaon, Oshiwara, and Naigaon, the company continues to secure key land parcels through partnerships, aiming to meet rising demand in fast-growing transit-linked corridors.Read more

24 Jul 2025

As property prices and inventory saturation rise in Andheri, Goregaon, and Malad, Mumbai's homebuyers and investors are steadily shifting towards northern western suburbs such as Kandivali, Borivali, Mira Road, and Vasai-Virar. These locations now offer relatively affordable rates, improved infrastructure, and enhanced connectivity through metro expansion and road development. The demand is being driven primarily by mid-income and upwardly mobile buyers aged 25-44, with developers responding through modern gated communities featuring green spaces and lifestyle amenities. Market indicators show that these micro-markets are witnessing robust housing sales and price appreciation despite fewer new launches.Read more

24 Jul 2025

The Telangana Real Estate Regulatory Authority (TGRERA) recently mandated Sandstone Infra (India) to refund INR 38 lakh to a homebuyer and pay an additional penalty of INR 9 lakh. This action, following an order issued last week, stemmed from the developer's failure to register its Medchal layout project and marketing plots without mandatory regulatory approval. TGRERA declared the firm a defaulter for violating the Real Estate (Regulation and Development) Act, which strictly prohibits advertising or selling units in unregistered projects, underscoring the authority's commitment to ensuring transparency and protecting homebuyers' interests.Read more