The Kanpur Municipal Corporation (KMC) has intensified its anti-encroachment drive, demolishing over 500 illegal structures built over drains and nullahs across all six city zones. Led by Mayor Pramila Pandey and Municipal Commissioner Sudhir Kumar, the operation targeted both permanent and temporary constructions, including tin sheds, shanty shops, and unauthorized ramps. The initiative aims to alleviate waterlogging and traffic congestion ahead of the monsoon season.

Saran district in Bihar has achieved a significant milestone by collecting over INR 210.98 crore in revenue through land registrations during the fiscal year 2024-25, surpassing the previous year's collection by INR 37 crore. The Sadar land registration office in Chhapra led with INR 100.12 crore, followed by Sonepur (INR 32.57 crore), Ekma (INR 25.35 crore), Masrakh (INR 20.24 crore), Parsa (INR 16.64 crore), and Marhaura (INR 16.06 crore). A total of 55,034 deeds were registered, marking an increase from 46,791 in the prior year.

PNB Housing Finance is set to resume project financing this quarter after a three-year hiatus, targeting a INR 1,500 crore portfolio by fiscal year-end. Managing Director Girish Kousgi noted that several builder loans ranging from INR 100-150 crore are already in the pipeline. The decision follows a significant improvement in asset quality, with gross NPAs dropping to 1.08% at the end of FY25 from 7.6% in FY22. The company's assets under management grew 13% year-on-year to INR 80,397 crore, with retail loans comprising INR 74,802 crore.

Prestige Group has launched the first phase of its residential project, 'The Prestige City - Indirapuram', in Ghaziabad. This phase, comprising the Oakwood and Mulberry towers, offers 3,421 homes across 19 towers, with unit sizes ranging from 1,681 sq ft to 6,026 sq ft. The project includes 2 BHK, 3 BHK, 3 BHK + Home Office, and 4 BHK + Home Office configurations. Spread over 62.5 acres, the township will also feature an integrated Forum Mall covering 1.18 million sq ft. The first phase represents a gross development value (GDV) of over INR 9,000 crore, with the total GDV expected to reach INR 12,000 crore upon the launch of the second phase, 'Mayflower'.

Supreme Universal has sold a 12,148 sq ft sea-facing duplex apartment at its Supreme ArtHouse project on Carter Road, Bandra, Mumbai, for INR 174 crore to Sarvesh Singh, Executive Director of Alkem Laboratories. This marks the largest residential transaction on the Bandra seafront, with a stamp duty of INR 10.44 crore. The deal underscores the growing demand for ultra-luxury properties in Mumbai, where homes priced above INR 2 crore now account for 25% of all registrations, up from 22% a year ago.

The Bhubaneswar Municipal Corporation (BMC) is set to launch an awareness campaign highlighting the importance of Completion Certificates (CCs) and Occupancy Certificates (OCs) for housing projects. This initiative responds to numerous complaints from homebuyers facing challenges in obtaining essential services due to the absence of these mandatory certificates. BMC aims to educate stakeholders and coordinate with sub-registrars and the district collector to prevent the registration of properties lacking proper documentation.

Delhi High Court senior advocate Arun Kathpalia and his wife, Shalini Kathpalia, have purchased a 763-square-yard bungalow in Delhi's prestigious Golf Links area for INR 69 crore. The transaction, completed on April 7, 2025, also involved a stamp duty payment of INR 4.14 crore. This acquisition places Kathpalia among other prominent legal figures who have invested in the Lutyens' Bungalow Zone, a sought-after enclave known for its exclusivity and proximity to the Supreme Court and Delhi High Court.

The Nagpur Improvement Trust (NIT) has formally proposed that the Nagpur Municipal Corporation (NMC) assume responsibility for 185 developed Gunthewari layouts, some over a decade old, which NIT had constructed after collecting development charges from property owners. These layouts, currently lacking adequate civic amenities like garbage collection and road maintenance, await NMC's takeover to ensure proper upkeep. NIT has previously transferred 233 layouts to NMC in 2011 and plans to hand over an additional 406 layouts soon, aiming to enhance urban infrastructure and resident services.

In a significant relief for Chandigarh property owners, the Estate Office has removed 300 properties from the "resumed" list after a comprehensive three-month review of records. These properties were previously misclassified due to data entry errors during the digitization process a decade ago. Deputy Commissioner Nishant Kumar Yadav announced that dedicated counters will be established to assist owners of the remaining 300 properties still listed as resumed, allowing them to submit documentation to rectify their property's status.

The Greater Hyderabad Municipal Corporation (GHMC) is considering a policy to integrate unpaid fines for littering and illegal dumping into property tax bills. Under the proposed Comprehensive Challan Management System (CCMS), penalties for violations such as roadside littering and improper waste disposal would be linked to Property Tax Identification Numbers (PTINs). Residents would receive SMS notifications and could pay fines via UPI; unpaid fines would be added to annual property tax dues. This initiative aims to deter repeat offenders and enhance urban cleanliness. ?

Mindspace Business Parks REIT reported a 13% year-on-year increase in net operating income, reaching INR 540 crore for Q4 FY25. The board approved a distribution of INR 392 crore to unitholders, equating to INR 6.44 per unit. CEO Ramesh Nair was appointed as Managing Director for a five-year term. The REIT achieved record gross leasing of 7.6 million sq ft for FY25, with committed occupancy rising to 93%. Net asset value grew 10% to INR 431.7 per unit, driven by rising rentals, acquisitions, and completion of pre-committed projects

The Maharashtra State Consumer Disputes Redressal Commission has ordered Golden Dreams Builders Pvt Ltd to compensate three homebuyers with over INR 12 lakh for delayed possession and failure to provide promised amenities, including water supply, electricity, parking, and drainage systems. The commission also mandated the builder to deliver these amenities and issue completion certificates within three months. The compensation includes INR 10 lakh for service deficiencies, INR 1.5 lakh for mental harassment, and INR 50,000 for litigation costs, with 9% annual interest from the complaint date.

In April 2025, UK house prices experienced a 0.6% month-on-month decline—the steepest drop since August 2023—bringing the average property value down to £270,752. This downturn follows the government's April 1 reversion of stamp duty thresholds to pre-2022 levels, prompting a surge in March transactions as buyers rushed to avoid higher taxes.

Germany's financial regulator, BaFin, has reduced the capital requirement for banks on residential mortgage loans from 2% to 1%, freeing up an estimated €2–2.5 billion for lending. This move reflects a significant decline in vulnerabilities within the housing market, which has been stabilizing since its downturn in 2022. However, challenges persist in the commercial property sector, particularly in offices and retail spaces. BaFin has retained the 0.75% countercyclical capital buffer introduced in early 2022, citing ongoing macroeconomic uncertainties.

In a decisive move against unauthorized construction, the Kalyan-Dombivli Municipal Corporation (KDMC) demolished 167 illegal structures in the Baneli area of Titwala. The operation, led by Assistant Municipal Commissioner Pramod Patil, targeted structures at the plinth stage, preventing further development. Despite facing local opposition, the demolition proceeded under heavy security. This action follows recent revelations of 65 illegal buildings constructed using forged permissions and RERA certificates, prompting KDMC to intensify its crackdown on unauthorized developments.

The Nagpur bench of the Bombay High Court has ruled that GST is not applicable to development agreements lacking a transfer of development rights (TDR). This decision, involving Shrinivasa Realcon's residential project, clarifies that using the existing Floor Space Index (FSI) without external TDR does not attract GST under Entry 5B. The court quashed prior GST demands, offering relief to developers and bringing clarity to taxation in such agreements.

Embassy Office Parks REIT has reported an 8% year-on-year increase in distributions for FY2025, totaling INR 2,181 crore or INR 23.01 per unit. The company projects double-digit distribution growth in FY2026, supported by strong leasing activity, with 6.6 million square feet leased across 98 deals, and a robust development pipeline of 6.1 million square feet in Bengaluru and Chennai. Additionally, Embassy REIT acquired a 5.0 million square foot premium business park in Chennai and is exploring further growth opportunities through Right of First Offer (ROFO) assets and third

Clarks Hotels & Resorts has launched “Amavi by Clarks,” a new second-home brand focused on design-led living in natural surroundings. The first project, Mount Kusur, is a hilltop retreat in the Western Ghats, just over two hours from Mumbai, featuring private villas with panoramic views and a clubhouse offering wellness, dining, and communal experiences. A second development at Lake Pawna is also planned, continuing the brand’s emphasis on nature-led leisure.

Bollywood actor Sohail Khan has leased a 1,290.57 sq ft shop in Mumbai's upscale Bandra area to The Irish House Food and Beverages for a monthly rent of INR 16.89 lakh. The rental agreement, registered in March 2025, includes a security deposit of INR 60 lakh, with stamp duty and registration charges totaling INR 2.68 lakh. Khan originally purchased the property in April 2009 for INR 3.11 crore.

NAR-India has issued a directive of non-engagement and non-cooperation against MagicBricks, accusing the platform of misrepresenting and disrespecting real estate brokers in recent videos. Members are instructed to halt listings and business dealings with MagicBricks until a public apology and formal commitment are made.

Ukrainian-German startup LEMKI Robotix, in collaboration with iScale3D, has launched DISCOVER 3D—the world’s first fully 3D-printed mobile home. Made using recycled plastic and fiberglass, the 250 kg camper supports off-grid living with solar panels and autonomous power, housing up to three people in a compact, eco-friendly design.

The Supreme Court has ordered a CBI investigation into Supertech's housing projects in the National Capital Region, citing allegations of illegalities and unauthorised approvals by Noida and Greater Noida authorities. The bench also criticised the involvement of banks and authorities, suggesting possible complicity, and has directed the CBI to submit a preliminary report in three months.

The Uttar Pradesh Real Estate Regulatory Authority has dismissed 12 employees following internal inquiries that revealed lapses related to integrity. These actions come amid the regulator's efforts to maintain transparency and accountability in its functioning, especially in light of growing developer and homebuyer complaints regarding project approvals and delayed possession.

The Madhya Pradesh High Court has ordered a status quo on a disputed land in Bhopal's Arera Colony, allegedly encroached upon by the Bhopal Municipal Corporation. The court directed all parties involved to maintain the current state of the land until the legal ownership is determined, following a plea by a private petitioner.

A district consumer commission in Maharashtra has directed a real estate developer to pay INR 12 lakh in compensation to a buyer for delayed possession and missing project amenities. The complaint related to a flat purchased in a Pune residential project where the promised features were not delivered even after multiple follow-ups.

Bengaluru's civic body, the Bruhat Bengaluru Mahanagara Palike (BBMP), has extended the deadline for availing a 5% rebate on property tax payments for FY25 till May 31. The extension aims to encourage timely payments and reduce congestion at BBMP help centres following requests from taxpayers and citizen welfare associations.

Ahmedabad Municipal Corporation has extended the deadline for its property tax rebate scheme to May 30. Under the scheme, residential property owners can avail a 10% discount on timely payment. This extension is expected to boost civic revenue while offering taxpayers additional time to settle dues with concessions.

Housing sales in India's top eight cities rose by 18% in FY25, driven by strong demand and launches in the mid and premium segments. Mumbai led the chart, followed by Pune and Bengaluru. Developers are optimistic about continued momentum, supported by favourable home loan rates and increased buyer confidence.

The Lucknow Development Authority has set up a committee to address complaints regarding its Basant Kunj housing project. Homebuyers have raised concerns about incomplete infrastructure, delayed possession, and lack of basic amenities. The committee will inspect the site, review grievances, and submit recommendations for timely resolution.

The Rajasthan Housing Board plans to roll out two new housing schemes in Jaipur targeting middle-income groups. The projects will offer a mix of 2 and 3 BHK units with modern amenities. This move is aligned with the state's goal to increase urban housing stock and cater to the needs of salaried homebuyers.

The Delhi Development Authority has informed the National Green Tribunal that it has successfully reclaimed 24 acres of encroached land along the Yamuna floodplain. The reclaimed area is part of a broader drive to restore ecological zones and remove unauthorised structures, following NGT's directive for environmental conservation in the region.

The Bihar government has launched a Management Information System (MIS) portal to provide real-time updates and transparency in land acquisition processes. The digital platform will track acquisition progress, compensation disbursement, and public grievances, improving efficiency and transparency in executing infrastructure and real estate projects.