4 hours ago

Russia’s residential real estate sector is facing mounting pressure as the withdrawal of state-backed mortgage subsidies and elevated borrowing costs weigh on developers and homebuyers alike. The slowdown has led to delays in housing deliveries, rising financial stress among builders, and growing frustration among buyers waiting for possession of their homes. The situation is evident at Moscow’s Ostafyevo housing project, where several purchasers have taken legal action against developer Samolet over repeated delays. The broader downturn is also affecting Russia’s economy, with construction activity weakening despite continued launches of new housing projects.Read more

9 hours ago

• More than 100 real estate developers have expressed interest in launching residential projects in Prayagraj, with nearly 2,000 flats expected to be developed across the city.
• The interest follows a developer outreach initiative by the Prayagraj Development Authority (PDA), aimed at attracting private investment into the city's housing sector.
• Rising housing demand, urban expansion plans, and ongoing infrastructure improvements are encouraging developers to explore new residential opportunities.
• Several large-scale housing projects, including affordable housing schemes and township developments, are already being planned in emerging growth corridors.
• The proposed projects are expected to increase housing supply and strengthen Prayagraj's position as an emerging residential real estate market in Uttar Pradesh.Read more

12 hours ago

• Maharashtra is expected to discuss the proposal for vertical property cards for apartment owners during the upcoming assembly session after the framework completes legal scrutiny.
• The proposed system aims to provide flat-wise ownership records within the official land records framework, addressing a long-standing gap in urban property documentation.
• Each apartment could receive an individual property record containing ownership details, area specifications, land share and encumbrance information.
• The move is expected to improve transparency in property transactions, loan processing, redevelopment projects and inheritance-related transfers.
• If implemented, the initiative could become a significant reform in Maharashtra's property record system and set a precedent for other states.Read more

14 hours ago

• Bihar has reported the construction of more than 41 lakh permanent houses for economically weaker families under government-supported housing programmes.
• The achievement has been attributed largely to the implementation of the Pradhan Mantri Awas Yojana-Gramin (PMAY-G), aimed at replacing temporary dwellings with durable homes.
• State officials say the initiative has improved living conditions, strengthened rural infrastructure and expanded access to basic amenities for beneficiary households.
• The large-scale housing push has also generated rural employment opportunities through construction activity and related supply chains.
• The scheme’s focus on direct benefit delivery has helped improve transparency and reduce delays in fund disbursement to eligible beneficiaries.Read more

17 hours ago

• India added 2.7 GW of rooftop solar capacity in the first quarter of 2026, marking a 125% year-on-year increase driven largely by residential installations.
• Maharashtra and Uttar Pradesh emerged as the leading contributors, supported by rising consumer adoption and policy-backed solar initiatives.
• The strong growth helped India achieve record solar additions during the quarter, highlighting the growing role of distributed renewable energy in the country's clean energy transition.Read more

23 Jun 2026

• Residents of Shahu Nagar in Dharavi have sought a stay on eviction notices issued as part of the Dharavi Redevelopment Project, citing concerns over rehabilitation arrangements.
• Residents have demanded written assurances regarding permanent housing, rehabilitation timelines and relocation terms before vacating their homes.
• Civic authorities and project officials have stated that relocation is necessary for redevelopment work and have offered transit accommodation and rental assistance.
• The issue has triggered discussions between residents, public representatives and authorities as concerns over housing security and rehabilitation continue to dominate the redevelopment process.Read more

23 Jun 2026

Prestige Estates Projects is preparing to launch two residential developments in Delhi-NCR during FY27, with an estimated revenue potential of INR 6,800 crore. The Bengaluru-based developer plans to introduce one project each in Noida and Gurugram, adding nearly 8 million sq ft of developable area to its portfolio in the region. The planned launches follow the strong performance of Prestige City Indirapuram, the company’s first housing project in NCR, which generated more than INR 9,500 crore in pre-sales within its first year. The developer recorded around INR 10,000 crore in sales bookings from the NCR market during FY26 and remains optimistic about demand in the region. Across India, Prestige has a launch pipeline valued at approximately INR 58,000 crore for the current fiscal year, subject to regulatory approvals.Read more

23 Jun 2026

A total of 322 beneficiaries in Jamshedpur have received keys to newly constructed homes under the Pradhan Mantri Awas Yojana (Urban) as part of the Birsanagar Affordable Housing Project. The handover took place in the past week, with Jharkhand’s Urban Development and Housing Department overseeing the initiative. The project comprises 644 housing units developed across two residential blocks, with the first batch of allottees taking possession of their homes. The scheme is aimed at providing formal housing to economically weaker sections and low-income households in the city. The development forms part of the Centre’s PMAY (Urban) programme, which seeks to expand affordable housing availability through government-supported residential projects across urban India.Read more

Goa News Desk

23 Jun 2026

• The Goa government is set to introduce the ‘Mhajo Flat’ scheme within the next 15 days to help apartment owners secure legal rights over their properties and common areas.
• The initiative is aimed at resolving long-pending issues arising from incomplete conveyance of land and buildings by developers to housing societies.
• The scheme is expected to benefit thousands of flat owners facing difficulties in establishing ownership of shared spaces and underlying land parcels.
• The move forms part of the state's wider efforts to streamline housing-related matters and provide greater legal clarity to residential property owners.Read more

23 Jun 2026

Signature Global is looking to expand its presence in the branded luxury housing segment in Gurugram amid sustained demand for premium residences. The company is in discussions with several lifestyle and hospitality brands for potential partnerships following its recent collaboration with Italian lifestyle brand Tonino Lamborghini. The developer is also pursuing land acquisitions across Delhi-NCR to support future residential launches. Despite a moderation in housing demand from the peak levels witnessed between 2022 and 2024, the company remains confident of achieving its FY27 sales bookings target of INR 10,000 crore. Signature Global has also earmarked significant investments towards construction and land acquisition as it seeks to strengthen its project pipeline in the National Capital Region.Read more

23 Jun 2026

Germany's housing market showed further signs of improvement as apartment building permits increased by 9.2% in April compared with the same period last year. According to official data, permits for 20,200 apartments were approved during the month, marking an increase of 1,700 units year-on-year. The rise continues a trend of improving permit activity seen in recent months and points to a gradual recovery in future construction activity. However, industry representatives cautioned that the sector remains under pressure, noting that permit levels are still low compared to historical standards despite the recent gains.Read more

22 Jun 2026

• Chandigarh has proposed a series of amendments to its Master Plan 2031 aimed at addressing housing shortages and supporting future urban growth.
• The changes seek to optimise land use, unlock additional residential development potential and create opportunities for more affordable housing.
• Authorities believe the revised framework will help accommodate a growing population while promoting sustainable and planned urban expansion.
• The proposed amendments also focus on balancing development needs with infrastructure capacity, environmental considerations and long-term city planning goals.Read more

22 Jun 2026

Areion Group is moving closer to acquiring Aviom India Housing Finance after emerging as the successful bidder for the affordable housing lender through an insolvency-led resolution process. The proposed INR 936-crore transaction is currently awaiting approval from the Reserve Bank of India, a key requirement before ownership can formally change hands. The acquisition would mark Areion’s entry into the housing finance sector and could provide a fresh growth platform for Aviom, which has spent the past two years navigating financial stress and regulatory challenges.Read more

21 Jun 2026

Dubai’s newly established Dubai Longevity Authority is expected to strengthen the emirate’s position as a global centre for longevity, wellness and advanced healthcare, while creating new opportunities for investment and urban development. Luxury developer Keturah has welcomed the initiative, stating that it provides a framework for developers to align residential projects with evolving wellness and quality-of-life standards. The company, which is developing two luxury residential communities in Dubai, said the authority reflects a broader shift towards integrating health, wellbeing and sustainability into urban planning. The development comes as cities worldwide increasingly explore how residential environments can support healthier and longer lives through design, infrastructure and community planning.Read more