02 Feb 2026

The Maharashtra government has approved a policy to waive stamp duty and registration charges on the sale and purchase of so-called enemy properties in the state to encourage higher participation in their auctions. Enemy properties are assets left behind by individuals who migrated to countries India considers hostile after past conflicts, mainly Pakistan and China, and are currently vested with the Custodian of Enemy Property for India (CEPI). Historically, these assets have seen low interest in auctions due to additional transaction costs and legal complexities. By scrapping the stamp duty component, Maharashtra aims to lower the cost barrier for buyers and make auctions more attractive, potentially speeding up the monetisation and utilisation of these idle properties. The move is expected to help the state monetise a backlog of such assets, particularly in regions like Mumbai, Thane, Palghar and elsewhere.Read more

Gurugram News Desk

02 Feb 2026

The Gurugram Authority is exploring land allocation and real estate revenue options to improve the financial sustainability of the newly built Gurugram Metro. Gurugram Metro Rail Limited (GMRL) had earlier requested that land parcels along the metro corridor be studied for potential commercial and value capture development to generate revenue beyond fare collections. In response, the city's zonal office and chief town planner have been asked to examine suitable land allocation and value capture finance mechanisms that could include commercial development rights, increased floor area potential near stations, transit-oriented development, and other real estate-linked revenue streams. The move comes as transit systems increasingly look to non-fare income sources including leasing, advertising, and property development to bridge funding gaps. The proposal is seen as a step toward making the Gurugram Metro financially viable and less dependent on government subsidies.Read more

Hyderabad News Desk

01 Feb 2026

The Greater Hyderabad Municipal Corporation (GHMC) has identified more than one lakh property tax defaulters in the city as part of a Geographic Information System (GIS)-based tax assessment survey, uncovering an estimated tax evasion of over INR 100 crore. The civic body carried out the survey between August 2024 and December 2025 using drone imagery and high-resolution mapping to verify property details against official records. Results showed widespread under-assessment and misclassification of property use, particularly in rapidly urbanised zones, leading to significant revenue loss. GHMC has begun issuing demand notices to defaulters and integrated Property Tax Identification Numbers with electricity data to improve accuracy of assessments. Early field verification of nearly 15,000 properties has already yielded additional revenue. The ongoing effort is expected to further strengthen tax compliance and boost municipal finances as the survey expands across more properties.Read more

Delhi News Desk

01 Feb 2026

The Delhi government has unveiled a major infrastructure initiative aimed at improving living conditions in informal settlements across the capital, with a total allocation of around INR 327 crore for jhuggi-jhopri (JJ) cluster development projects. The announcement was made by Chief Minister Rekha Gupta at a Republic Day event, where she hosted representatives of slum communities and reaffirmed the administration's commitment to enhancing basic amenities. Works already approved include public convenience complexes and cement-concrete road infrastructure, with a further INR 700 crore earmarked for broader JJ cluster development covering housing, sanitation, health and social welfare. Officials said the comprehensive plan will fast-track essential upgrades such as drains, toilets, parks and community facilities to elevate the quality of life in these areas. Government ministers and civic leaders attended the event.Read more

01 Feb 2026

Goregaon West is consolidating its position as one of Mumbai's stronger luxury residential micro-markets, supported by limited new supply, established social infrastructure and consistent end-user demand. Market trends indicate that buyers are increasingly favouring well-located projects with visible construction progress, leading to steady price appreciation across premium developments. This shift towards execution-driven decision-making has resulted in faster absorption and sharper price movements for select projects. Ariha Group's luxury development at Jawahar Nagar reflects this trend, with prices rising sharply within months of launch amid robust demand. The project's ahead-of-schedule construction progress has further reinforced buyer confidence, underlining how delivery assurance, constrained inventory and location advantages are shaping value creation in Goregaon West's evolving luxury housing landscape.Read more

Pune News Desk

01 Feb 2026

Stamp duty collections from Pune's property market crossed approximately INR 7,119 crore in calendar year 2025, the highest annual total in the past four years, even as property registrations edged down marginally, according to real estate consultancy Knight Frank India. The city recorded around 1,85,657 registrations during the year, reflecting a 2.3 per cent year-on-year decrease, but sustained demand for higher-value homes supported revenue growth. In December 2025, registrations were lower than the same month a year earlier, influenced partly by a high comparative base, yet values indicated continued underlying demand. Smaller homes up to INR 1 crore continued to account for the bulk of registrations, while larger units saw modest share growth, underscoring enduring interest in both mid-segment and premium housing in Pune's residential market.Read more

01 Feb 2026

Pune's residential property market continued to display strong end-user demand in 2025, with housing sales significantly outpacing new supply, according to the Pune Housing Report 2025 by CRE Matrix in association with CREDAI Pune. The city recorded around 81,000 registered apartment sales during the year, compared with 64,000 new housing launches, indicating demand running well ahead of supply. Transaction values crossed INR 63,000 crore, reflecting a marked shift towards larger homes and higher ticket sizes. While homes priced below INR 1 crore continued to dominate overall volumes, premium and luxury segments saw the fastest growth. Supply additions were impacted by approval delays across multiple planning authorities, resulting in fewer new project launches. Despite these constraints, Pune remained India's most affordable major housing market while leading the country in residential sales volumes.Read more

Navi Mumbai News Desk

31 Jan 2026

Global technology firm HERE Solutions India Pvt Ltd has signed a long-term lease for about 2.1 lakh square feet of office space in the Mindspace Airoli West business park in Navi Mumbai, reaffirming strong demand for institutional-grade office assets in the Mumbai Metropolitan Region. The lease, spanning more than ten years, covers four floors of office space in the Gigaplex commercial tower, with a monthly rental and annual escalation structure agreed under the terms of the agreement. The transaction includes a significant security deposit and dedicated parking provision, highlighting tenant commitment to the location's business ecosystem. The deal adds to ongoing corporate expansion in Navi Mumbai's office market, where large-format leases continue to form a key component of Grade A office demand, particularly from technology and services firms seeking sustainable, long-term operational bases.Read more

31 Jan 2026

Sankla Buildcoon, through its clean energy arm Sankla Renewables, has signed a memorandum of understanding with the Government of Maharashtra to develop a large-scale Sustainable Aviation Fuel (SAF) manufacturing facility at Chalisgaon in Jalgaon district, involving an investment of INR 15,000 crore. Formalised on the sidelines of the World Economic Forum in Davos, the agreement marks the group's strategic expansion from real estate into infrastructure-grade clean energy assets. The proposed project will convert agricultural residues into aviation-grade fuel using internationally certified technologies and will be commissioned in phases through 2029. Designed in line with global ESG benchmarks, the initiative aligns with India's energy security and aviation decarbonisation goals while creating structured rural income opportunities and employment across the value chain.Read more

31 Jan 2026

Proptech platform Houssed.com has expanded its footprint to 33 cities across India, strengthening its position in the country's rapidly digitising residential real estate market. The platform now hosts more than 50,000 verified property listings and has facilitated transactions worth over INR 100 crore, signalling growing adoption among both homebuyers and developers. The company works with over 10,000 developers and operates through a network of 500 trained associates to support buyers across markets. Houssed.com plans to extend operations to 10 additional cities in the next phase of growth, alongside investments in artificial intelligence-led tools aimed at improving data accuracy, transparency and property discovery. The expansion reflects increasing demand for verified, technology-driven platforms in India's real estate ecosystem, particularly beyond the top metropolitan markets.Read more