15 Jul 2025

The Allahabad High Court has asked the Noida Authority to explain why occupancy certificates (OCs) were issued for towers at Lotus Boulevard in Sector 100 despite incomplete sewage treatment systems. A petition by the Apartment Owners' Association revealed that only 1.5 out of 4 required sewage treatment plants (STPs) were built when OCs were granted in 2012 and 2016. The court has demanded a sworn affidavit detailing the required and existing STPs, who approved the OCs, and whether any fixes have been made. A senior Noida Authority official must also appear in the next hearing, which is scheduled for mid-July.Read more

15 Jul 2025

Dwarka Expressway in Gurugram has witnessed a remarkable 153% jump in property prices over the past five years, with average high-rise rates now touching INR 14,342 per sq. ft., as per MagicBricks. The stretch's strategic connectivity-linking Delhi to Gurugram-alongside robust infrastructure upgrades such as tunnels, metro corridors, and expressway links, is drawing heightened demand from homebuyers. Developers plan to introduce over 25,000 residential units in the next three years. A series of multimodal transport initiatives are further boosting its prospects as a high-growth investment zone.Read more

15 Jul 2025

Residential property prices in micro-markets near operational and upcoming airports in Bengaluru, Hyderabad, Navi Mumbai, and Greater Noida have registered a substantial increase of 70-120% over the last four years, as reported by Square Yards. The real estate consultancy attributed this surge to improved connectivity and infrastructure in airport-adjacent corridors. Residential plots in these areas experienced even sharper hikes, reaching up to 118% growth, significantly outperforming city-wide averages. The findings underscore the growing influence of airports in shaping real estate appreciation across India.Read more

15 Jul 2025

Delhi-NCR witnessed a substantial surge in luxury housing transactions, recording sales of 3,960 homes priced at INR 6 crore and above during the first half of 2025, marking a threefold increase compared to the same period last year. A CBRE-Assocham report highlighted a broader 85% year-on-year rise in high-end residential sales across India's top seven cities, with nearly 7,000 units sold. Mumbai and Delhi-NCR remained the frontrunners, with noteworthy contributions also from Bengaluru, Chennai, and Kolkata, despite minor dips in Hyderabad and Pune.Read more

15 Jul 2025

Following a 2023 petition, the GDA has demanded demolition of 172 homes in Rajendra Nagar, alleging that the long-standing colony occupies former parkland. The NGT has required a detailed action report by late July, with the next hearing scheduled for 29 August. While authorities defend their actions based on a government-directed survey, residents argue that official approvals were granted decades earlier. The development highlights ongoing tensions between urban growth, environmental mandates, and housing rights in Ghaziabad.Read more

14 Jul 2025

Dubai's residential property market witnessed unprecedented momentum in the first half of 2025, led by a sharp rise in villa demand. The total value of villa sales climbed 65% year-on-year to AED 118.5 billion (USD 32.27 billion), with transaction volume rising 55% to 20,415 deals. Apartment sales also recorded double-digit growth, with value increasing 21% to AED 144.2 billion (USD 39.27 billion). Overall, the combined residential sales value reached AED 262.7 billion (USD 71.52 billion), marking a 38% surge over the previous year.Read more

14 Jul 2025

TGRERA has suspended operations on the Shrivaris Brundavanam housing project due to stalled construction-around 35 percent complete and unfulfilled possession promises. All promotional and sales activity has ceased, and the developer must provide full buyer lists, financials and a detailed completion schedule ahead of a tribunal. This reflects TGRERA's broader enforcement approach: ordering refunds with interest for non-delivery in unregistered projects, penalising promoters and real estate agents, and mandating completion of delayed developments. The authority is taking firm action to hold developers accountable and protect homebuyer interests.Read more

14 Jul 2025

The Telangana Real Estate Regulatory Authority (TG RERA) has fined real estate agent Jakkepalli Sri Lakshmi INR 6.17 lakh for promoting an unregistered project and impersonating the builder in transactions. The case involved a buyer couple who transferred over INR 1.2 crore for two flats, but only INR 44.9 lakh reached developer Aaditri Housing. RERA found fabricated receipts and directed Aaditri Housing to complete and register the flats, warning of further penalties for delays. This action underscores RERA's crackdown on fraudulent real estate practices.Read more

14 Jul 2025

Maharashtra Chief Minister Shri Devendra Fadnavis is scheduled to hand over keys to the first 556 BDD flats in Worli, Mumbai, on July 21. These 500 sq ft homes are for tenants previously in transit accommodations as part of the BDD chawls redevelopment. MHADA, the nodal agency, expects to distribute 3,989 flats across three sites by year-end. Despite project delays leading to a INR 13 crore penalty for the contractor, authorities are keen to expedite rehabilitation, with occupancy certificates for the initial units expected soon.Read more

13 Jul 2025

Peninsula Land Ltd. has acquired 28 acres of land in Alibaug and 3.5 acres in Karjat, Maharashtra, for residential developments, expecting to generate a combined revenue of INR 1,500 crore. These acquisitions align with the company's strategy to expand its land bank in key Mumbai Metropolitan Region (MMR) peripheral locations. The move capitalizes on the growing demand for second homes and plotted developments in these popular weekend destinations. The company aims to develop projects in high-growth corridors, building on recent acquisitions like 55 acres in Panvel.Read more

13 Jul 2025

Actor Mahesh Babu has been served a notice by a consumer court over alleged fraud in a real estate scheme he endorsed. A city-based doctor claims she was defrauded of INR 34.8 lakh after buying a non-existent plot, influenced by his endorsement. The Rangareddy District Consumer Disputes Redressal Commission has directed all respondents, including Sai Surya Developers and its owner, to appear on August 7. Previous reports suggest the actor received INR 5.9 crore for promoting the firm, which allegedly sold plots in unauthorized layouts and made multiple sales.Read more

12 Jul 2025

Seven major UK housebuilders have committed GBP 100 million (USD 136 million) to affordable housing initiatives following a Competition and Markets Authority (CMA) investigation. The probe addressed concerns that builders exchanged sensitive information on sales, pricing, and buyer incentives. As part of the commitment package, firms will also stop sharing information with rivals. While not admitting wrongdoing, they engaged proactively with CMA. The CMA will consult on these proposals, aiming to ensure compliance with competition law and support housing programs.Read more

12 Jul 2025

KVN Properties is partnering with Assetz Group to develop a residential project in North Bengaluru, with an estimated Gross Development Value (GDV) of INR 1,000 crore. KVN Properties will invest INR 500 crore in the project, which spans nearly 6 acres and covers 10 lakh sq ft of developable area. This marks KVN Properties' second project, following a tie-up with Puravankara Ltd for a INR 3,300 crore GDV project.Read more

11 Jul 2025

The Bank of England has eased mortgage lending rules to stimulate home ownership in the UK. Individual lenders can now exceed loan-to-income limits, though the sector retains a 15% cap on high loan-to-income lending. This move is expected to generate about 36,000 new higher loan-to-income mortgages annually. The change aims to support government initiatives to increase home ownership, balancing economic growth with financial stability. While property sales have slowed, rising wages and slow construction may keep prices up. The bank will review capital requirements, with an update due in December.Read more

11 Jul 2025

NAREDCO Mahi hosted its 4th Convention in New Delhi, themed 'Rise & Build: Women Transforming Real Estate for a Sustainable Tomorrow'. The event focused on women's influence in driving sustainable and inclusive real estate, aligned with Viksit Bharat 2047. Key sessions covered affordable housing design, policy-industry collaboration, and women's leadership in urban planning. Speakers included government officials and industry leaders. The convention also launched NAREDCO NEXTGEN - North for young professionals and honored women achievers, reflecting efforts to foster professionalism, ethics, and global engagement in the sector.Read more

11 Jul 2025

Mittal Builders has partnered with House of Abhinandan Lodha (HoABL) to develop an 11-acre housing project in Naigaon, Mumbai Metropolitan Region (MMR), with a planned investment of INR 2,000 crore. The project, launching in Q2 FY26, is expected to yield over INR 3,000 crore in Gross Development Value (GDV) over 3-5 years. It includes over 4,600 apartments and high-street retail. This Joint Development Agreement (JDA) combines both firms' strengths in what Mittal Builders calls a fast-growing center, marking HoABL's entry into group housing.Read more