According to a report by PropEquity, housing sales in 15 leading tier-2 cities dropped 8% year-on-year in Q1 2025, with 45,774 units sold. However, the sales value rose by 6% to INR 25,744 crore due to a preference for higher ticket-size homes. Bhopal, Jaipur, and Lucknow were among cities that saw sales increases, while Chandigarh and Kochi recorded sharp declines.

Whiteland Corporation has joined hands with Marriott International to develop 1,700 Westin-branded luxury residences in Gurugram. These branded homes, part of a 25-acre project on Golf Course Extension Road, mark a growing trend in hospitality-branded residences in India. The project aims to blend luxury living with hotel-style services and amenities.

Held in Jakarta, the first Global BRI Summit pushed for SDG-aligned infrastructure, launching initiatives in green energy, SME empowerment, and healthcare. Organised by global and Indonesian agencies, it introduced a transition finance report and new cross-sector alliances. The summit also marked China-Indonesia diplomatic ties with a sustainability action network and called for annual BRI summits. Source - PTI

Mumbai recorded over 55,800 property registrations between January and April 2025, the highest in a four-month period since 2013, despite a market slowdown. This reflects continued buyer confidence, particularly in mid- and high-end segments. Experts attribute this trend to stable interest rates and a preference for ready or nearing-completion homes.

MHADA plans to make 1.5 crore real estate documents publicly accessible to reduce RTI applications. CEO Sanjeev Jaiswal said this move would enhance transparency in housing records and offer citizens easier access to key property-related information. The initiative aims to digitise and streamline Maharashtra's housing data.

PropertyPistol has been appointed as the exclusive sales partner for Mahaavir Buildcon's new residential project in Uran, Navi Mumbai. The collaboration seeks to enhance customer engagement and streamline the sales process for the upcoming development, which targets affordable and mid-income homebuyers in the coastal suburb.

Vardhman Amrante has acquired a 7-acre land parcel in Ludhiana to develop a mixed-use project featuring residential, retail, and commercial spaces. The project is aimed at catering to growing urban demand in the Punjab industrial hub, with a focus on modern infrastructure and lifestyle amenities.

Paras Buildtech has expanded into Meerut with a new plotted development, marking its entry into the city's real estate market. The project is part of the company's broader strategy to tap into Tier-2 cities by offering low-density living and investor-friendly land parcels with potential for long-term appreciation.

Rustomjee Group has launched a luxury residential project in Chembur, Mumbai, with a development value of INR 1,600 crore. Spread across 7.5 acres, the project includes over 700 premium units and offers amenities like a clubhouse, swimming pool, and landscaped gardens. The launch strengthens Rustomjee's presence in eastern Mumbai.

Ranchi's real estate market faces delays as 327 building plans remain pending approval from the Ranchi Municipal Corporation (RMC) since January. Developers are concerned over project hold-ups, citing revenue losses and disruption in construction timelines. Authorities attribute delays to the absence of a standing committee post-elections.

The Belagavi Urban Development Authority will conduct a lottery on June 10 for 888 plots in the Anant Nagar Phase 3 scheme. These plots range from 20x30 to 60x40 sq ft, with prices between INR 1,800 and INR 2,000 per sq ft. Over 6,000 applications were received for this allotment.

Maharashtra Housing Minister Atul Save has assured that eligible residents affected by Worli BDD chawl redevelopment will receive new flats before July. Over 1,200 units have been completed under the project, aimed at transforming old housing into modern towers with improved amenities.

The Lucknow Development Authority has launched two major housing schemes Udyog Nagar and Naimish Nagar. Together, the projects include 768 flats and 1,098 plots. Udyog Nagar will cater to lower and middle-income groups, while Naimish Nagar targets premium buyers, supporting planned urban expansion in the city.

PMC will implement a flood-relocation project worth INR 1,500 crore in Pune's Ektanagari, involving the demolition of 269 structures in flood-prone zones. Approved by the state cabinet, this plan includes new housing for displaced families and infrastructure to mitigate future risks from flash floods.

Meerut has become one of India's early adopters of the Transit-Oriented Development (TOD) policy, aligning urban development with the upcoming RRTS corridor. The TOD model integrates residential, commercial, and transit spaces to boost real estate, curb congestion, and ensure walkability near public transport nodes.

The Indian central government plans to amend the Delhi Development Act of 1957 to enhance the Land Pooling Policy (LPP). The proposed changes aim to make land pooling mandatory if 70% of landowners in a sector agree, facilitating private developer involvement in vertical development across 129 sectors in 104 urbanized villages of Delhi.

Shapoorji Pallonji Group has secured a record USD 3.4 billion in India's largest private credit deal, backed by major investors including Ares Management Corp, Cerberus Capital Management, and Davidson Kempner Capital Management. The financing was arranged by Deutsche Bank and is backed by a portion of the group's stake in Tata Sons.

Whiteland Corporation has invested INR 5,600 crore in the development of Westin Residences in Gurugram's Sector 103, spanning 7.78 hectares. The project will feature 1,700 three-bedroom and four-bedroom residences, ranging from 248 to 402 sq meters, with a projected topline of INR 15,000 crore.

Residents across Andhra Pradesh are protesting against a proposed 20% increase in property tax, following a 15% hike implemented in April. Civic associations claim the cumulative burden could reach INR 784 crore statewide, leading to widespread discontent and calls for a rollback.

The Prayagraj Development Authority is offering 764 flats for sale across 12 residential schemes, including EWS, LIG, 1BHK, 2BHK, and 3BHK units. Prices have been reduced by 10%, and allotments will be made through a lottery system, providing fair opportunities for prospective buyers.

IRB Infrastructure has agreed to transfer three BOT highway assets valued at INR 8,450 crore to its InvIT Fund. This move will help the company fund new infrastructure projects nearly double the size of the transferred assets, supporting its goal to grow its asset base to INR 1,40,000 crore in the next three years.

HomeFirst Finance's long-term credit rating was upgraded to ICRA AA (Stable), reflecting its strong financials and stable asset quality. The total rated amount rose to INR 5,961 crores, with increased limits for fund-based facilities and debentures. The short-term rating stayed at A1+, confirming solid liquidity. The firm focuses on affordable housing across 13 Indian states.

Embassy Developments plans 10 project launches in FY2026 with a pre-sales target of INR 5,000 Cr, a 150% rise from FY2025. The company posted INR 203 Cr PAT for FY2025 and proposed a major commercial acquisition in Whitefield, Bengaluru, valued at up to INR 3,700 Cr, focusing on key high-growth markets across India.

Rays Power Infra achieved a 29% revenue rise to INR 1350 crore in FY 2024-25, driven by large solar projects and expanded operations. The company's emphasis on innovation and sustainability underpins its strong growth and positions it well in India's renewable energy market.

PM Modi inaugurated a 5 km underground stretch of Kanpur Metro, including Kanpur Central Station, constructed by Afcons Infrastructure. The Afcons-led team completed 3.8 km of tunnelling and three stations despite challenges from old buildings. Afcons is noted for its expertise in metro construction across India, with multiple landmark projects to its credit.

Tata Digital leased nearly 59,000 sq ft in Lower Parel, Mumbai, at an annual rent of INR 12 crore. The lease reflects growing demand for prime office spaces in the city's commercial districts amid expanding corporate operations.

Adani Group and Emaar Properties have halted negotiations on the sale of their Indian real estate joint venture. The pause reflects strategic reconsiderations amid market uncertainties, potentially affecting consolidation and investment dynamics in the sector.

A recent ruling in Kolkata clarified that aggrieved parties cannot approach the RERA consumer court and the realty tribunal simultaneously for the same dispute. This directive aims to avoid parallel proceedings and reduce legal complications in real estate cases. It emphasises the need for claimants to choose a single legal forum, thereby streamlining dispute resolution in the property sector.

Authorities in Vijayawada arrested a realtor accused of cheating a US national out of INR 12.5 crore in a property fraud case. The accused allegedly promised lucrative real estate investments but failed to deliver, resulting in significant financial losses. This case highlights ongoing challenges related to transparency and due diligence in the real estate investment process.

In Ranchi, over 300 building plans have been pending approval from the Ranchi Municipal Corporation (RMCS) since January, causing delays for developers and homebuyers alike. This backlog is affecting construction timelines and real estate growth in the city. Realtors are calling for faster processing to boost development and meet market demand more efficiently.

Gujarat Real Estate Regulatory Authority (GujRERA) has sent notices to several Ahmedabad developers over pre-registration bookings, which violate regulatory norms. The move aims to protect buyers from illegal advance payments and ensure compliance with RERA guidelines. Authorities are cracking down on such practices to promote transparency and accountability in the state's real estate market.

An engineer�s family in Ahmedabad fell victim to a property fraud involving INR 2.53 crore. The scam involved false promises and fake property documents. Police investigations are underway to apprehend the accused. This case reiterates the importance of stringent checks and legal safeguards when investing in real estate.