MHADA has reduced Ready Reckoner (RR) charges for tenants seeking additional area during redevelopment of old cessed buildings in Mumbai. The move aims to ease redevelopment projects and make additional space more affordable for existing tenants, boosting urban renewal efforts across the city.

Nashik recorded a 5% increase in property transactions during FY25, reflecting growing real estate demand. Despite rising property rates, the city's evolving infrastructure, improving lifestyle options, and proximity to major hubs continue to attract buyers across residential and commercial sectors.

The Kolkata mayor has indicated plans to bring city slums under the Thika Tenancy Act, potentially safeguarding the rights of slum dwellers. This move aims to regulate tenancy rights, protect occupants from eviction, and promote better living conditions through structured redevelopment.

The Andhra Pradesh government plans to revive older, unapproved layouts without levying development charges. This initiative is expected to regularise abandoned residential projects, improve urban land management, and offer affordable housing opportunities across the state.

The Chandigarh administration announced that excess property tax paid by residents will be adjusted against dues for the next financial year. This measure ensures fair taxation and addresses grievances raised by property owners regarding over-assessment and payments.

The Odisha government will construct one lakh houses in the second phase of its rural housing scheme. The initiative aims to provide pucca homes to economically weaker sections and promote rural infrastructure development, aligning with broader housing-for-all goals.

Goa RERA has directed Raj Housing Development to refund the corpus fund along with interest to a housing society. The ruling strengthens buyer protections under RERA regulations and reinforces accountability among developers for financial dealings with societies.

LIC Housing Finance has reduced its lending rate by 25 basis points, making home loans more affordable. The move could stimulate demand in the housing market and offer relief to both new and existing borrowers amid fluctuating interest rate trends.

The Jaipur Development Authority (JDA) will now issue property leases electronically within 30 days. The digitisation move aims to improve transparency, cut down processing time, and simplify transactions for property owners and developers.

Singapore's sovereign wealth fund GIC has tied up with Samhi Hotels to set up a USD 300 million hospitality investment platform in India. The platform will target the acquisition and development of hotel assets across key Indian cities, strengthening GIC's presence in the country's growing hospitality sector.

Building materials major Holcim reported an operating profit of USD 619 million in Q1 2025, driven by strong demand in North America and Europe. The company also announced progress in its strategic focus on sustainable construction and green building solutions.

Country Garden Holdings has sold an 11% stake in private space company LandSpace for USD 180 million, as part of its ongoing efforts to raise funds amid financial challenges. The move reflects continued pressure on Chinese developers to improve liquidity positions.

Tesla has leased office space spanning approximately 5,850 sq ft in Mumbai's Kurla suburb. The move indicates Tesla's growing focus on expanding its operations and support infrastructure as it prepares for deeper engagement with the Indian electric vehicle market.

The Department of Town and Country Planning (DTCP) in Gurugram carried out a demolition drive around Sultanpur National Park, clearing illegal constructions. The operation aims to protect the eco-sensitive zone and curb unauthorised development activities near protected areas.

Five new FIRs have been registered against the Ansal Group in Lucknow, accusing them of duping property buyers of INR 5.78 crore. Authorities are tightening scrutiny on the group following complaints regarding project delays and non-delivery of promised properties.

Maharashtra's revenue department has announced a delay in the rollout of the 'One State, One Registration' initiative. The scheme, aimed at simplifying property registrations across the state, has been postponed due to technical integration challenges and coordination issues.

MahaRERA has appointed 12 officers to expedite the recovery of INR 912 crore owed to homebuyers from errant developers. The move strengthens enforcement actions and aims to ensure that buyers receive long-pending dues under RERA regulations.

The Enforcement Directorate (ED) conducted raids across Goa as part of its probe into an alleged INR 1,000 crore land scam. The investigation focuses on fraudulent land deals involving politically connected individuals and irregularities in property transactions.

The Nagpur Municipal Corporation has collected INR 259 crore in property tax revenue during FY25, reflecting efficient tax collection drives and increased compliance by property owners. The funds will be used to enhance civic amenities across the city.

Chandigarh residents can now pay revised property tax at e-Sampark centres using previously issued bills. The system has been updated to reflect new tax amounts linked to property IDs, ensuring accurate payments without needing fresh bills. Payments can be made online, by card, or by demand draft, but cash transactions at municipal counters are not allowed.

US-based AML RightSource, a specialist in financial crime prevention and compliance, has leased 157,000 sq ft in Noida's Max Square commercial tower to establish a Global Capability Centre (GCC). This move aligns with a broader trend of multinational corporations expanding in Noida, spurred by infrastructure developments like the upcoming Jewar airport. Recent entrants include Tata Consultancy Services, Infosys, and Teleperformance. In Q1 2025, Noida's office leasing surged, with the Noida Expressway sub-market accounting for 27% of NCR's gross leasing volume, reflecting a 1.7x growth over the previous four quarters.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has initiated a comprehensive verification process for Occupation Certificates (OCs) submitted for 3,699 lapsed real estate projects, following concerns over fraudulent documentation. Developers from regions including Mumbai Metropolitan, Pune, Nashik, and Nagpur have claimed project completion. MahaRERA has requested local planning authorities to confirm the authenticity of these OCs within 10 days; failure to respond will be taken as validation. Any discrepancies found later will hold the respective authorities accountable. This move aims to prevent frauds like the Kalyan-Dombivli scam, where forged documents led to illegal constructions and resident displacements.

In a strategic move to stabilize Haryana's overheated property market, the state government has decided to freeze circle rates for 2025, rejecting the revenue department's proposal for an increase. This decision, announced by Chief Minister Nayab Singh Saini, aims to maintain affordability amid soaring property prices, particularly in cities like Gurugram and Faridabad, where residential plots cost between INR 2-3 lakh per square yard and flats start at INR 2.5 crore. Real estate experts have welcomed the move, noting it will keep registration costs in check and bolster buyer confidence, fostering a balanced and sustainable housing market.

Marking its diamond jubilee and a decade of AMRIT pharmacies, HLL Lifecare Ltd unveiled a revamped brand identity with a new logo featuring a capsule and medical cross. CMD Anitha Thampi launched the refreshed visual identity, reflecting AMRIT's commitment to reliability, affordability, and growth. With over 220 outlets in premier hospitals like AIIMS and JIPMER, HLL plans to expand the AMRIT network, enhance customer experience with home delivery and digital integration, and align with India's healthcare accessibility goals, the company said. - PTI

In Chhapra, Bihar, 184 beneficiaries were handed keys to newly constructed homes under the Pradhan Mantri Awas Yojana (Urban) 1.0. Each recipient received INR 2.5 lakh in three installments between October 2024 and March 2025 for house construction. Additionally, 683 beneficiaries under PMAY-U 2.0 received their first installment on the same day, marking significant progress in affordable housing efforts.

Markets regulator SEBI has issued new rules for Small and Medium REITs (SM REITs), splitting scheme offer documents into two parts — Key Information of the Trust (KIT) and Key Information of the Scheme (KIS) — to ease regulatory compliance. Only KIS will need review for subsequent schemes. SEBI also extended REIT guidelines with exceptions, set minimum subscription norms, and mandated timely KIT updates. SM REITs, launched in March 2024 for smaller real estate investments, must invest 95% in completed assets and distribute 95% of income quarterly.

Rexas Finance (RXS), the fast-rising Ethereum-based project, is set for its USD 0.25 listing on June 19, 2025, after raising USD 47.7 million in presale. Analysts predict a surge to USD 5 within months, fueled by its real-world asset tokenization model and tools like the Rexas Token Builder and QuickMint Bot. With expanding ecosystem adoption and strong exchange listings, RXS could climb to USD 20 by 2026; and potentially USD 100 longer-term, mirroring historic crypto success stories like Ethereum and Solana. - PTI

Prestige Hospitality Ventures Ltd (PHVL), a subsidiary of realty major Prestige Estates Projects, has filed preliminary documents with Sebi to launch its initial public offering (IPO) to raise up to INR 2,700 crore. The IPO will include a fresh issue of equity shares worth INR 1,700 crore and an offer for sale by Prestige Estates worth up to INR 1,000 crore. PHVL currently operates seven hotels. The move follows Prestige’s focus on strengthening its hospitality portfolio amid growing demand in India’s real estate and hotel sectors.

Suraksha Group-led Jaypee Infratech Ltd (JIL) announced a INR 6,000 crore investment over the next three years to complete 20,000 pending housing units. Following the Suraksha Group’s takeover of JIL after NCLAT’s approval, the company has committed to meeting deadlines under its resolution plan. Around 3,200 labourers and 20 contractors are engaged, with OCs obtained for 22 towers. JIL’s funding includes a INR 3,000 crore credit line, Yamuna Expressway toll revenues, and upcoming launches of 1,100 unsold units in Wishtown, Noida.

Macrotech Developers, operating under the Lodha brand, has signed a joint development agreement to build a project on a five-acre land parcel in Wakad, Pune. The deal, valued at INR 165.3 crore, was formalized with landowners Goelpushp Developers LLP and Shri Balaji Ventures, with a stamp duty payment of INR 8.26 crore. Under the agreement, landowners will receive a 22.5% revenue share while Lodha retains 77.5%. Wakad, located near Hinjewadi IT Park, is witnessing rising demand due to its strong infrastructure and connectivity. The move highlights Lodha’s strategy to expand in Pune’s booming real estate market, which recently hit record highs in property registrations and stamp duty collections.

Homebuyers in Greater Noida will now have to pay stamp duty upfront at the time of booking, as per a new rule by the Greater Noida Authority, aligning with RERA Section 13 guidelines. Builders must register flats after buyers pay 10% of the unit cost. The move aims to prevent multiple transfers of unregistered units and speed up revenue collection. However, developers and homebuyer associations have raised concerns over lack of clarity on refund policies in case of booking cancellations, warning it could increase property disputes and burden buyers financially.

HLL Lifecare Ltd, a central PSU under the Health Ministry, marked its diamond jubilee and 10 years of AMRIT pharmacies by unveiling a new logo and refreshed brand identity. The capsule and cross-themed logo, launched by CMD Anitha Thampi in Thiruvananthapuram, reflects AMRIT's commitment to affordability, trust, and eco-friendliness. With over 220 outlets in premier institutions like AIIMS and JIPMER, HLL now plans to expand the AMRIT network, enhance customer services like home delivery, and boost healthcare accessibility across India. - PTI