03 Jul 2025

Thiruvananthapuram has emerged as Kerala's fastest-growing real estate hub, surpassing even Ernakulam in residential unit registrations under the Kerala Real Estate Regulatory Authority (K-RERA). The city registered 2,987 units in the past year, driven by increased demand from Non-Resident Indians (NRIs), IT professionals, and those returning to settle in their home state. Strong infrastructure, a thriving IT sector, accessible healthcare and education, and upcoming mega projects like Technocity and K-Space Park have made the capital city a preferred destination. Urban rejuvenation projects like the Smart City redevelopment are further enhancing liveability, offering both housing and long-term investment appeal.Read more

03 Jul 2025

Odisha's housing department launched a vigorous campaign this past week to accelerate the verification of beneficiary-led PMAY-U 2.0 applications, which have been processing at a disappointing pace. With over 82,000 applications submitted since January, fewer than 17% have been verified and just 14.5% forwarded as proposals. The state has now instructed urban local bodies to boost public awareness in areas lagging behind and expedite both verification and sanctioning. The department is also ensuring that work orders follow quickly for approved units.Read more

02 Jul 2025

The Telangana government has changed its approach to urban housing by introducing G+3 Indiramma apartments directly within slum areas across Hyderabad and other cities. This shift comes after the previous model of relocating beneficiaries to the outskirts led to a low occupancy rate only 13,000 out of 42,000 flats were occupied. Sixteen slums in Hyderabad are part of the initial rollout, with Warangal, Nizamabad, Mahbubnagar, Nalgonda, and Karimnagar also identified for the vertical in-situ model. The government is also providing housing to tribal communities and has implemented support measures like free sand, discounted cement proposals, and INR 5 lakh unit grants to push stalled 2BHK completions.Read more

02 Jul 2025

Bollywood actor Randeep Hooda has acquired a 1,530 sq ft apartment in Versova, Andheri West, Mumbai, for INR 5.63 crore. The transaction was registered on June 10, 2025, with stamp duty of INR 33.78 lakh and a registration fee of INR 30,000 paid. This purchase is part of a trend of celebrity real estate investments in Mumbai's luxury market, with other public figures also recently acquiring properties in the dynamic Andheri West area.Read more

01 Jul 2025

Property registrations in Mumbai municipal limits recorded a slight decline for June, closing at approximately 11,600 units, as per data released by Knight Frank India. The final tally reached 11,586 registrations by 8:15 pm on June 30, slightly below the 11,673 units recorded in June 2024. The figures encompass transactions from both the primary and secondary markets, reflecting the overall residential activity within the Brihanmumbai Municipal Corporation (BMC) jurisdiction.Read more

01 Jul 2025

Lodha Palava, through the Palava City Management Association (PCMA), has implemented an integrated and sustainable water management model that ensures 24x7 supply while conserving natural resources. With per capita water use kept to 105 litres daily, significantly below the urban average, the city combines modern technology, full wastewater recycling, extensive rainwater harvesting, and adaptive quarry-based reservoirs to safeguard supply and reduce ecological impact. Its in-house water treatment plants have enabled uninterrupted service even during extended regional outages, collectively saving residents an estimated INR 2.5 crore by eliminating the need for tanker procurement.Read more

01 Jul 2025

The Delhi Development Authority has announced a new residential plot auction for 118 plots in Sector D6, Vasant Kunj, a premium south Delhi locality developed by the agency in 2010. The move is part of a larger initiative to upgrade internal infrastructure and resolve long-standing parking issues. A specialised agency will be hired to demarcate plots and revamp roads, stormwater drains, and pipelines. Additionally, surface parking will be constructed for around 1,904 flats across four blocks. The entire project is expected to be completed within a year of awarding the contract and will follow strict CPWD and environmental norms.Read more

01 Jul 2025

India's office leasing market has picked up pace in the first half of 2025, led by co-working operators who leased 6.5 million sq ft across seven major cities-a 48% jump from last year. This reflects growing demand for flexible, managed workspaces as companies look for cost-effective and scalable solutions. Despite this shift, traditional leasing remains significant. Overall, gross office leasing rose 13% year-on-year to 33.7 million sq ft. Experts note that flexible spaces are becoming central to corporate strategies, with strong demand from tech firms setting up Global Capability Centres. New Grade A office supply continues to attract both domestic and global occupiers.Read more

01 Jul 2025

CREDAI-MCHI supported Design POV 2025, held at Jio World Convention Centre from June 27-29, joining conversations on design, innovation, and urban development. A key panel on June 27, moderated by Dr. Harshul Savla, explored breaking myths around affordable housing and design. Speakers highlighted that modern luxury is about natural light, ventilation, spatial comfort, and well-being, not just expensive finishes. They advised against maximizing FSI at the cost of quality and emphasized the role of sustainability and wellness features like rainwater harvesting and efficient ventilation. Panelists stressed using data tools to align with market needs and balancing affordability with thoughtful, community-focused design.Read more

01 Jul 2025

Bollywood actor Jeetendra Kapoor and daughter Ekta Kapoor have sold their apartment in Mumbai's Omkar 1973 Worli project for INR 12.25 crore, or about INR 57,000 per square foot. The 2,149 sq ft flat includes two parking spaces and was officially registered on June 8, 2025. The Kapoors had bought it in 2017 for INR 11.52 crore. Omkar 1973 is a luxury residential project that has faced legal hurdles, including a stay order on new flat sales due to pending rent disputes with displaced residents. Despite this, resale activity continues. As of late 2021, less than half of the project's 136 launched apartments have been booked.Read more