According to an SBI research report, Punjab is trailing in the execution of its Smart City projects, with several cities yet to meet key performance benchmarks. Factors such as delays in fund utilisation, slow tendering, and limited coordination between agencies have contributed to the state's underperformance in the national mission.

US-based real estate brokerage Compass has filed a lawsuit against the Northwest Multiple Listing Service (NWMLS), alleging that its updated marketing rules restrict competition and transparency. The dispute centres around new commission-sharing guidelines and listing disclosure norms, which Compass claims are anti-competitive and detrimental to agents and buyers alike.

Clarks Hotels & Resorts has launched a new venture offering vacation homes across India, catering to travellers seeking premium serviced stays. The chain will manage and operate these homes in tourist hubs like Goa, Himachal, and Uttarakhand. This marks a diversification from its traditional hotel business into the short-stay residential space.

A recent court verdict clarifying GST applicability on development agreements is expected to impact project viability and pricing models for developers. Legal experts suggest that builders may need to restructure agreements or adjust input costs, as the ruling mandates tax on landowner consideration in joint development deals, increasing compliance burdens.

Hero Realty plans to invest INR 3,000 crore in a new residential project in Sector 85, Gurugram, covering 2.2 million sq ft. The project includes 1,100 premium units and is set to launch in May 2025. This expansion aligns with the developer's strategy to scale in key NCR markets.

Odisha's real estate regulator faces uncertainty with both its full-time members set to retire in May. As per rules, the authority requires a minimum of two members to function. Stakeholders fear this may lead to stalled approvals and unresolved consumer complaints unless new appointments are made promptly.

Real estate stakeholders in Uttarakhand have raised concerns over ambiguous regulations issued by UKRERA. Issues include confusion about promoter registration, lack of standardised project documentation, and inconsistent compliance requirements. The industry is urging for regulatory clarity to ensure transparency and ease of doing business.

Commercial developers are reconfiguring office spaces for Global Capability Centres (GCCs), going beyond basic workspace to include high-tech infrastructure, flexible layouts, and employee wellness zones. The shift is driven by rising demand from MNCs expanding their back-end operations across Indian cities like Bengaluru, Hyderabad, and Pune.

Corporatedge has opened a new 42,000 sq ft co-working space at Ambience Tower, Vasant Kunj, Delhi. The premium facility offers tailored workspaces, private offices, and enterprise-grade services. With this launch, Corporatedge aims to attract corporates seeking luxury office solutions in south Delhi's commercial zone.

PNB Housing Finance reported a 25-30% year-on-year rise in net profit for Q4 FY25, driven by strong loan disbursements and improved asset quality. The company's performance reflects sustained demand in housing finance, particularly in tier-II and tier-III cities, despite rising interest rates.

Environmental activists in Goa have raised alarm over rampant illegal construction in Bambolim village. They allege encroachments on forest land and unauthorised real estate activities are harming the ecosystem. Appeals have been made to local authorities and the High Court to take immediate corrective action.

Hyderabad's GHMC has seen a spike in complaints about unauthorised structures and land encroachments. Residents allege that illegal constructions continue unabated despite multiple crackdowns. The civic body has initiated demolition drives and intensified monitoring, but enforcement challenges remain high due to political pressure and lack of manpower.

CCI Group will invest INR 227 crore to develop a 9.5 lakh sq ft logistics park in Sohna-Silani, Gurugram. The warehousing facility aims to support North India's supply chain network and will include modern infrastructure to cater to e-commerce, retail, and FMCG players.

Despite the May 31 deadline, Patna has reported sluggish progress in linking Aadhaar with land records. Technical glitches and coordination issues between state departments have hindered the process. Officials worry this may delay digital land reforms aimed at reducing fraud and property disputes.

The Uttar Pradesh government will invest INR 40,000 crore to upgrade 57 municipalities into smart cities under a new state-level programme. The plan includes better infrastructure, digital governance, and sustainable utilities. This move complements the Centre's Smart Cities Mission and is expected to boost local real estate demand.

Hong Kong's home prices fell by 0.5% in March, marking the fourth straight month of decline. Analysts attribute the drop to high mortgage rates, cautious buyer sentiment, and sluggish demand. The government's recent policy relaxations have had limited impact on reviving the housing market.

Despite a May 31 deadline, progress on linking land records with Aadhaar in Patna has been sluggish. Officials cite technical and manpower challenges. Only a fraction of plots have been verified so far, raising concerns over future property disputes and authentication hurdles in Bihar's land digitisation initiative.

CCI Group has invested INR 227 crore to develop a state-of-the-art logistics and warehousing park in Sohna-Silani, Gurugram. The facility will offer scalable storage, transport integration, and tech-enabled operations aimed at e-commerce and industrial clients. This move supports rising demand for modern warehousing near Delhi-NCR's manufacturing clusters.

Hyderabad's civic body, GHMC, has reported a significant rise in complaints related to unauthorised structures and land encroachments. Citizens have flagged over 1,000 cases in recent weeks, prompting demands for stricter action. Officials cite manpower constraints and legal loopholes as hurdles to timely enforcement and demolition drives.

Activists in Bambolim, Goa, have urged authorities to stop unauthorised constructions allegedly occurring on protected or eco-sensitive zones. They claim these violations could damage the coastal ecosystem and lead to unplanned urbanisation. The state government has been asked to investigate and enforce stricter controls on land use and zoning.

PNB Housing Finance reported a 25-30% year-on-year rise in net profit for Q4 FY25, driven by robust loan disbursements and improved asset quality. The company also saw increased traction in affordable and retail housing segments. The results indicate strong performance despite ongoing market challenges and regulatory changes.

Corporatedge has launched a 42,000 sq ft Grade A flexible office space at DLF Centre, Connaught Place, New Delhi. The new centre targets premium clients, offering upscale design, private lounges, and business services. The expansion aligns with rising demand for luxury workspaces in central business districts post-pandemic.

With Global Capability Centres (GCCs) expanding in India, developers are shifting from traditional office space to mixed-use offerings including residential, retail, and wellness infrastructure. This integrated approach aims to attract global firms seeking self-sufficient campuses, particularly in tech hubs like Bengaluru, Hyderabad, and Pune, enhancing live-work-play ecosystems.

Stakeholders in Uttarakhand's real estate sector have voiced concerns over ambiguous RERA regulations, calling for greater transparency and clarity. Developers and homebuyers argue the existing framework lacks uniformity, leading to delays in approvals and legal uncertainties. Industry participants are urging the state to strengthen the regulatory framework for smoother operations.

Odisha RERA faces the risk of temporary closure after May as both key members, including the chairperson, are set to retire. The state government has yet to announce replacements, raising concerns about continuity in project oversight and grievance redressal, potentially impacting buyers and developers relying on regulatory intervention.

Hero Realty will invest INR 3,000 crore in a new luxury residential project spread over 5 million sq ft in Sector 85, Gurugram. The development is expected to include 1,000 high-end apartments. This move is part of the company's broader expansion strategy in the Delhi-NCR region, targeting growing housing demand.

The Maharashtra government plans to acquire 8,000 acres in Chhatrapati Sambhajinagar to develop industrial zones and attract large-scale investments. Chief Minister Eknath Shinde stated this will strengthen the state's manufacturing corridor and create jobs. The land acquisition will be carried out with minimum disruption and fair compensation to farmers.

Lucknow Municipal Corporation has appealed to residents to pay their property tax by April 30 to avail a 10% rebate. The incentive aims to boost collections before the fiscal ends. The civic body has also digitised payment options, enabling residents to pay online or through authorised centres across the city.

Union Minister Piyush Goyal said builders delaying redevelopment projects in Mumbai will face action, highlighting that such delays harm tenants and city infrastructure goals. He urged the Maharashtra government to strictly monitor progress, ensuring accountability. This follows rising complaints over stalled projects in several suburbs due to coordination and funding gaps.

Embassy Office Parks REIT has secured INR 675 crore via short-term debt to refinance its existing borrowings and support working capital needs. The move aligns with its capital optimisation strategy amid stable rental income from marquee tenants across major cities, signalling disciplined financial management in a high-interest rate environment.

Gensol Engineering withdrew from a INR 300 crore DLF office space acquisition deal just a month before SEBI passed a regulatory order against it. Though unrelated, the timing raises questions. Gensol had agreed to acquire the office in Gurugram's Cyber Park before exiting without citing the watchdog's impending probe.

The Punjab and Haryana High Court has nullified the Haryana government's order granting RERA the authority to recover dues like arrears of land revenue. The court ruled the order lacked legal backing, marking a significant decision on balancing administrative authority and statutory jurisdiction in the real estate regulatory framework.