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

11 Jul 2025

Piramal Realty has finalised a high-value deal exceeding INR 100 crore, involving the sale of a premium penthouse and two duplex apartments at its flagship Piramal Mahalaxmi project in Mumbai. The buyer, whose identity has not been revealed, acquired over 13,000 sq ft of carpet area located on the topmost floors, offering panoramic views of the Mahalaxmi Racecourse and the Arabian Sea. This transaction highlights the continued appetite for ultra-luxury homes in the Mumbai Metropolitan Region (MMR).Read more

11 Jul 2025

Gera Developments' latest Pune Residential Realty Report revealed an 8% decline in annual housing sales and a 10.3% drop in new launches. Despite a moderate 7.3% price increase year-on-year, average ticket sizes have surged by 76% over five years due to both rising prices and larger home sizes. Sales of smaller homes have fallen sharply while demand for spacious units continues to rise. Inventory levels have climbed to their highest since 2020, with affordability deteriorating to 6.52 times the average annual income, highlighting pressure on mid-segment buyers.Read more

11 Jul 2025

Zomato co-founder Deepinder Goyal purchased a premium apartment spanning nearly 11,000 sq ft in DLF's ultra-luxury residential development, 'Camellias', located on Golf Course Road, Gurugram, for INR 52.3 crore. The transaction was executed in August 2022 and formally registered a few months ago, according to data analytics platform Zapkey. Industry experts now estimate the property's current market value to be between INR 125 crore and INR 150 crore, reflecting the sharp appreciation in Gurugram's luxury housing segment. DLF has since launched another high-end project in the vicinity, titled "The Dahlias".Read more

11 Jul 2025

Himachal Pradesh Chief Minister Shri Sukhvinder Singh Sukhu visited flood-affected areas in Mandi district, assuring support and assessing damage. He urged MPs to help secure Union Government permission to rehabilitate families on forest land, as 68% of the state is forest area. The state plans to provide INR 7 lakh compensation for rebuilding homes. Over 1,184 houses, 710 cowsheds, and 201 shops were affected, with 15 fatalities. Rescue efforts are ongoing, with relief camps and road restoration prioritized.Read more

11 Jul 2025

The Telangana government has sanctioned over 13,200 homes for Chenchu tribals under the Indiramma housing scheme. This initiative aims to provide dignity and security, particularly for Chenchu tribal women, by issuing housing sanction letters in their names. Revenue Minister Ponguleti Srinivas Reddy stated the scheme includes free sand and other construction assistance, with funds released weekly based on progress. This step seeks to provide permanent housing for the Chenchu tribals, who have historically lived in temporary shelters, and uplift marginalized communities.Read more

11 Jul 2025

Ireland has decided to reduce minimum apartment sizes and requirements for open space to address its housing crisis. This move aims to cut unit costs by EUR 50,000-EUR 100,000 and boost supply, following a 24% drop in apartment building last year. The government targets 50,000 new homes annually by 2030, despite homebuilding stalling at 30,000 units last year. While the Housing Minister states essential regulations are not compromised, opposition parties argue it will lead to substandard conditions. The government also adjusted rent controls to encourage development.Read more

11 Jul 2025

Manglam Group has partnered with The Fern Hotels & Resorts to launch a new 200+ key serviced apart'otel under the Fern Habitat brand in Jaipur. The property will be a part of Pinkwalk, Manglam's flagship mixed-use development in Jagatpura. Featuring a blend of hotel services and apartment-style living, the project aligns with Manglam's INR 1,000 crore investment plan to develop premium hospitality assets across Rajasthan and Goa.Read more

11 Jul 2025

Bengaluru-headquartered Sattva Group has committed an investment of INR 1,500 crore to develop a 30-acre mixed-use project named 'Sattva Vantage Vizag Campus' in Visakhapatnam, Andhra Pradesh. The initiative follows recent discussions with Andhra Pradesh's IT Minister, Nara Lokesh. Designed with a focus on sustainability and smart urban infrastructure, the project will feature Grade A office spaces and premium residences. The group expects the development to create over 25,000 direct jobs and support Andhra Pradesh's economic ambitions. This comes alongside Sattva's growing footprint in Goa, Pune, Kolkata, and a potential entry into the Mumbai market.Read more

10 Jul 2025

Puravankara Group has signed a joint development agreement (JDA) for a INR 1,000 crore housing project on a 5.5-acre land parcel in Balagere, East Bengaluru. The project will offer 0.83 million sq ft of saleable area and is expected to launch within 6-9 months. While the landowner and revenue-sharing terms remain undisclosed, the deal aligns with Puravankara's strategy to expand in Bengaluru's high-growth micro-markets. Balagere's appeal lies in its proximity to major IT hubs and established infrastructure. Earlier this year, the company secured projects on Kanakapura Road and in North Bengaluru, collectively valued at INR 4,000 crore. Puravankara operates across nine cities with 90+ completed projects.Read more

10 Jul 2025

The Lucknow Development Authority (LDA) will begin online registrations on July 11 for 332 residential plots under the Anant Nagar Scheme. This second phase of the 785-acre eco-friendly township will offer plots from 112.5 to 450 sqm and will be allocated through a lottery system. The scheme includes housing for Economically Weaker Sections (EWS) and Low-Income Groups (LIG), with 5,000 units, and 3,000 PMAY homes. Featuring an Edutech City and zero-liquid-discharge systems, the project aims to house over 25,000 people, following a strong response to its first phase.Read more

10 Jul 2025

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive against an unauthorised structure in Airoli under the directives of Municipal Commissioner Dr Kailas Shinde. Despite having received a legal notice under the MRTP Act, the property owner, Vasant Sathe, failed to remove the unauthorised construction, prompting officials to partially demolish it. The operation, supervised by Assistant Commissioner Sunil Kathole, also targeted illegal stalls encroaching on the footpath at Diva Gaon Circle. The NMMC has confirmed that such anti-encroachment actions will intensify in the coming period.Read more

10 Jul 2025

Mumbai's Slum Rehabilitation Authority (SRA) has launched a month-long campaign to regularize ownership in stalled slum redevelopment projects. This initiative, part of a Maharashtra government amnesty scheme, aims to update Annexure-2 lists with buyers' names for eligibility. The drive addresses delays and legal disputes from unregistered ownership transfers. Ten camps have been set up for residents to submit documents. Buyers of slum buildings before January 1, 2011, are eligible. The campaign seeks to expedite projects and prevent future controversies.Read more

10 Jul 2025

The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has put new rules in place to address misleading real estate advertisements in Chennai. These regulations became effective on July 1, 2025. All ads must now prominently display the project's RERA registration number, QR code, and promoter contact details, across all platforms. The regulations prohibit vague claims and require accurate location details. Online portals and media outlets face accountability for non-compliant ads.Read more

10 Jul 2025

The Delhi Development Authority (DDA) plans to auction 118 residential plots in Vasant Kunj, South Delhi, after developing essential infrastructure. The DDA has issued a tender to hire an agency for planning, demarcation, and infrastructure development, including roads, sewage, and water systems. The INR 7.5 crore project, expected to complete within 12 months, will adhere to CPWD and NGT norms. This move aims to prepare the plots for auction, signaling new housing opportunities in a premium city area.Read more

10 Jul 2025

Slum dwellers in Malad, Mumbai, have been relocated to Permanent Transit Camp (PTC) homes to make way for completing a crucial 550-meter road link from Shankar Lane to New Link Road. This marks the first time PTC homes-originally meant for temporary housing-are being used for permanent resettlement under a 2024 Maharashtra government resolution. Of 357 affected structures, 110 have been demolished, with 64 more to follow after residents received new home keys. The full project will ease traffic between Malvani and the Western Express Highway. Phase 3 and further resettlements are expected soon, with road alignment adjustments planned near Valnai metro station.Read more

10 Jul 2025

Gurugram's Department of Town and Country Planning (DTCP) has taken action against unauthorized structures built by Resident Welfare Associations (RWAs), including demolishing a religious structure in Suncity Avenue, Sector 102. This comes amidst observations of RWAs constructing illegal structures in common areas for personal or social uses, violating housing laws. Authorities plan to seek stricter action and recommend appointing administrators to such RWAs to prevent further encroachments. The move aims to ensure compliance across group housing societies and protect residents' interests.Read more

10 Jul 2025

IIFL Home Finance Ltd. hosted a Green Certification felicitation ceremony in Bhuj, recognising over 50 homeowners for building self-constructed homes that meet green certification standards under the company's 'Humara Kutumb' initiative. The event aimed to promote sustainable, climate-resilient housing and included site visits to certified homes. Through this flagship programme, the company supports economically weaker sections (EWS) and low-income groups (LIG) in constructing affordable, energy-efficient homes, while also training local masons and contractors in green construction practices. The initiative is already active across six Indian states.Read more