Ranchi Municipal Corporation has flagged multiple construction violations across major commercial stretches like Main Road, Lalpur, and Circular Road. Many buildings were found to have deviated from sanctioned plans. Authorities are preparing notices and may initiate legal action to ensure adherence to urban planning norms in the city.

Vadodara Municipal Corporation is planning to grant rebates on property tax payments made before May 23, aiming to boost collections. Citizens could receive 4% to 10% rebates depending on the timing and mode of payment. The scheme is part of a broader push to improve compliance and municipal revenue.

Following public backlash, the Chandigarh administration has reduced its proposed property tax hike for residential and commercial units. The revised rates are lower than earlier proposed slabs, offering relief to property owners. Officials confirmed the decision aims to balance civic revenues without imposing an undue burden on residents and traders.

Pune recorded 24,430 property registrations in March 2025, contributing INR 907 crore in revenue, according to official data. While this marks a slight dip compared to February, it reflects sustained buyer interest and stable market activity. Nearly 73% of properties registered were residential units, indicating strong demand in Pune's housing sector.

Mumbai's civic body has directed its staff to comply with the Supreme Court guidelines concerning unauthorised constructions. The move comes amid increasing scrutiny over illegal developments. Officials have been asked to handle these matters legally and avoid arbitrary action, ensuring decisions align with judicial mandates for better transparency in Mumbai's real estate governance.

K-RERA has directed a Bengaluru developer to compensate a buyer with INR 2.5 crore for failing to hand over an apartment on time. The buyer, who had booked the flat in 2013, faced significant delays despite repeated assurances. The order includes refund, interest, and litigation costs, reinforcing accountability in real estate transactions.

The Delhi Development Authority (DDA) recorded a surplus of INR 1,371 crore in FY25, driven by strong interest in its housing schemes. The authority saw an increase in revenue from property sales and premium projects. The surplus will support future infrastructure and residential development, signalling renewed public trust in DDA offerings.

The Mumbai ITAT has ruled that a flat worth INR 2.6 crore given to a land occupant for vacating premises is not taxable under capital gains. The tribunal held that the property wasn't transferred voluntarily but was received under a settlement agreement. This sets a precedent for similar land acquisition compensations in redevelopment cases.

Residents from DLF Phases 1, 2, and 3 in Gurugram have protested against the district administration's move to demolish over 600 unauthorised constructions. Locals claim the buildings have stood for years and are fully developed. They seek a reconsideration, urging officials to regularise the structures instead of displacing long-time homeowners.

Shriram Properties has acquired a five-acre land parcel in North Bengaluru for a new residential project, expected to generate INR 800 crore in revenue. The site will host around 6 lakh sq ft of saleable area. This acquisition is part of the company's plan to expand its footprint in high-growth urban corridors.

Dalmia Bharat reported a 37.19% year-on-year rise in net profit for Q4 FY25, driven by higher cement sales and operational efficiencies. The company's focus on capacity expansion and cost optimisation improved performance. The result reflects continued construction activity and cement demand in the infrastructure and housing sectors.

Kolkata Mayor Firhad Hakim has instructed the Kolkata Municipal Corporation (KMC) to issue mutation certificates within 15 days of application. The move aims to improve efficiency and reduce delays in property transactions. The mayor emphasised the need for transparency and accountability, especially in real estate documentation and service delivery.

Apeejay Surrendra Park Hotels will acquire a 90% stake in Zillion Hotels and Resorts for INR 210 crore. Zillion operates the Z Luxury Residences in Maharashtra, comprising 62 serviced residences and F&B outlets. The acquisition will make ZHRPL a subsidiary of Apeejay Surrendra Park Hotels, boosting its premium hospitality portfolio. Source: PTI

Rajesh Power Services has secured new EPC contracts worth INR 1,116 crore from government and institutional clients. The projects include underground and overhead power network works and substation installations in Gujarat, to be completed within 12-18 months. The SME-listed firm, whose IPO was in November 2024, continues to post mainboard-level performance. Source: PTI

After a strong seven-day rally, Indian equity markets opened lower on Thursday as investors booked profits. The Sensex fell by 242 points to 79,874, while the Nifty dropped 72 points to 24,256. Despite recent gains of over 8%, weak cues from Asian markets and selective selling in major stocks led to the early dip. Source: PTI

Max Estates Ltd has acquired the stalled Delhi One mixed-use project in Noida through the insolvency route and will invest INR 1,400 crore for its revival. The project, under Boulevard Projects Pvt Ltd, will offer luxury residences, office, and retail space spread across 2.5 million sq ft. It holds a sales potential of INR 2,000 crore. Source: PTI

Dubai has announced plans to build one of the thinnest residential skyscrapers globally. The ultra-slim tower will be located in Downtown Dubai, targeting luxury homebuyers and international investors. With a focus on iconic architecture and exclusivity, the project adds to the city's portfolio of record-breaking real estate landmarks, enhancing its global appeal in high-end housing.

Chefchaouen, a city in northwest Morocco known for its iconic blue buildings, has been recognised among the world's most beautiful cities. The ranking celebrates its unique architecture, scenic landscapes, and cultural charm. It continues to attract tourists and investors alike, contributing to the region's hospitality and real estate growth.

Air India SATS has inaugurated a new logistics park at Kempegowda International Airport in Bengaluru. Spread over 250,000 sq ft, the facility is designed to handle perishable goods, pharmaceuticals, and e-commerce cargo. The park will enhance supply chain efficiency and international connectivity, aligning with the airport's growing role as a logistics and air cargo hub.

Prestige Group has recorded sales of INR 1,200 crore from its newly launched residential project in Hyderabad. The strong response reflects continued demand for premium housing in the city. The launch is part of the developer's wider expansion strategy in southern India, with upcoming phases expected to add further inventory to the high-end segment.

Greek Prime Minister Kyriakos Mitsotakis has announced a new financial aid scheme to support tenants affected by the country's rising rental prices. The plan includes monthly subsidies and tax incentives for landlords offering affordable housing. This measure comes as the government faces mounting pressure to address housing affordability, especially for young professionals and low-income families.

More than 90% of projects under India's Smart Cities Mission have been completed, with a total investment exceeding INR 1.5 lakh crore, according to SBI. The report highlights progress in urban mobility, surveillance, and waste management. The government is now focusing on sustaining and scaling smart infrastructure as the mission enters its final implementation stages.

ITC Hotels has signed 14 new properties under its Fortune Hotels brand and launched seven new hotels in FY25. The expansion spans leisure and business destinations, reflecting the group's strategy to tap into India's mid-market hospitality segment. With this addition, the brand continues to strengthen its pan-India presence through management contracts and asset-light models.

Delhi's environment department has fined multiple construction projects a total of INR 40 lakh for not complying with anti-dust norms. The violations were found during surprise inspections aimed at curbing air pollution. Measures such as covering materials and using anti-smog guns were missing. The crackdown follows NGT directives to enforce environmental accountability in real estate activities.

The Kerala government will go ahead with its Global City project in Ayyampuzha despite the Centre withdrawing support. The decision was made after the state identified the project's strategic importance for economic growth. Though central agencies pulled back, Kerala intends to execute the plan with state funds and private participation, focusing on infrastructure, logistics, and IT zones.

The Noida Authority has threatened to cancel the registration of Apartment Owners Associations (AOAs) found discharging untreated sewage into stormwater drains. Several housing societies in Sectors 137 and 168 have received notices. Authorities warned that negligence in waste management will lead to strict penalties, including cancellation of occupancy certificates and restrictions on future project clearances.

The Nagpur Improvement Trust (NIT) has informed the Bombay High Court that it is adhering to directives concerning regularisation of plots in Gunthewari layouts. The compliance follows allegations of delays and procedural lapses. NIT stated it has processed thousands of applications under the scheme and continues to coordinate with other departments to clear backlogs and resolve objections.

Several key infrastructure projects in Bengaluru, including road widening and stormwater drain upgrades, are facing delays due to land acquisition hurdles. Bruhat Bengaluru Mahanagara Palike (BBMP) officials cited resistance from landowners and lengthy compensation processes. The delay affects mobility plans and flood mitigation efforts, prompting civic bodies to explore alternative routes and expedited acquisition.

Pune Municipal Corporation's (PMC) water bill amnesty scheme has received a poor response, with just 130 property owners availing of the offer so far. Launched to recover pending dues and regularise illegal connections, the scheme aimed to attract thousands. Officials attribute the lukewarm participation to limited awareness and lack of aggressive promotion among residents.

The Gurugram Metropolitan Development Authority (GMDA) has issued 72 notices to property owners for unauthorised constructions across multiple sectors. These actions follow a recent survey identifying violations in residential and commercial zones. GMDA warned of penalties and demolition if owners fail to respond. The drive is part of broader efforts to regulate urban development in the region.

Uttarakhand's housing board has approved new affordable housing projects in Nainital, Bhimtal, and Haldwani under the PMAY scheme. These developments aim to address the rising demand for low-cost housing in urban areas. The projects will be constructed in collaboration with private developers, with completion timelines and beneficiary allotment processes to be finalised in upcoming phases.

Over 6,000 slum residents in Chandigarh's Indira Colony, Dhanas, and nearby areas face eviction as the UT administration plans demolitions under a High Court order. Although a rehabilitation scheme exists, many residents are ineligible or lack documentation. Civic authorities maintain the drive aims to reclaim public land, sparking concerns over displacement and lack of housing alternatives.