26 Aug 2026

State-owned NBCC (India) Ltd has sold 111 residential units at Aspire Silicon City in Noida through an e-auction for around INR 416.53 crore. The company, which operates in project management consultancy and real estate, will receive a 1% marketing fee on the sale value. The auction is part of NBCC’s wider role in completing stalled Amrapali projects under a Supreme Court-directed framework. NBCC has been tasked with completing around 38,000 flats for homebuyers and is also developing more than 10,000 additional apartments across five Amrapali projects in Greater Noida.Read more

26 Aug 2026

India’s All India House Price Index (HPI) rose 1.1% quarter-on-quarter during the April-June quarter of FY27, supported mainly by higher house prices in Chandigarh, Lucknow and Thiruvananthapuram, according to Reserve Bank of India (RBI) data. On a year-on-year basis, the index increased 3.6% in the first quarter of FY27, matching the growth recorded in the same quarter a year earlier. Chandigarh, Jaipur, Kanpur, Lucknow and Thiruvananthapuram were among the cities that contributed most to the annual increase. The RBI compiles the index every quarter using transaction-level data from registration authorities.Read more

Bangalore News Desk

26 Aug 2026

Puravankara Limited has entered into a joint development agreement for a 7.83-acre land parcel in South-East Bengaluru, carrying an estimated Gross Development Value of INR 1,100 crore. The project will have a saleable area of approximately 0.89 million square feet and will be developed as a residential community. This marks the company's fifth land transaction in Bengaluru for FY27. Managing Director Ashish Puravankara said the deal reflects the company's disciplined, capital-light approach to expanding its development pipeline in markets with consistent end-user demand.Read more

26 Aug 2026

Homebuyers of OSB Golf Heights in Gurugram's Sector 69 have protested over prolonged construction delays, alleging that only around 10% of the project has been completed even after eight years. Buyers have sought intervention from authorities, citing continued uncertainty over possession and the status of their investments. The project is an affordable housing development registered with Haryana RERA, where regulatory proceedings have also been recorded. The dispute highlights continuing concerns over stalled housing projects in Gurugram and the difficulties faced by buyers awaiting completion despite years of financial commitments.Read more

26 Aug 2026

The Belagavi chapter of the Confederation of Real Estate Developers’ Associations of India (CREDAI) has urged the Belagavi City Corporation (BCC) to expedite the renewal and activation of registered engineers’ licences on Karnataka’s Nirman-2 portal. Several licensed engineers are currently unable to submit or process building permission applications because their licences have not been renewed or activated on the digital platform. CREDAI said the issue is affecting builders, engineers and citizens awaiting approvals. The association has specifically sought faster action for applications involving alterations and additions, as well as Ground Plus Four (G+4) building permissions. The issue has raised concerns over delays in the construction approval process and the delivery of related civic services in Belagavi.Read more

Hyderabad News Desk

26 Aug 2026

Hyderabad’s Raidurg Panmaktha, now part of the Knowledge City corridor, has emerged as a major revenue generator for Telangana, with government land auctions bringing more than INR 10,000 crore into the state exchequer over the past two decades. Nearly INR 8,000 crore has been realised in the last two-and-a-half years as demand for premium land accelerated. The latest auction of a 5.25-acre plot fetched INR 1,386 crore, or INR 264 crore per acre, setting a new benchmark. The surge reflects strong investor demand for strategically located land along Hyderabad’s western IT corridor.Read more

26 Aug 2026

Rustomjee has launched Ozone Skye, a 50-storey premium residential project on S.V. Road in Goregaon West, with a gross development value of around INR 400 crore. The project comprises 158 residences in 1, 2 and 3 BHK configurations and includes sky-level amenities across the 49th and 50th floors. The development is located close to Lower Malad Metro Station and Goregaon Railway Station and has access to major roads, business districts, retail destinations and social infrastructure. Its location is also expected to benefit from upcoming infrastructure projects, including Metro Line 6 and the Goregaon-Mulund Link Road.Read more

26 Aug 2026

Odisha’s Housing and Urban Development Department has intensified hearings on appeals concerning building plan violations, demolition proceedings and other planning disputes under the Odisha Development Authorities (ODA) Act, 1982. The move follows increased enforcement against unauthorised structures after the Supreme Court’s intervention on illegal construction. Records of the appellate authority show that 387 appeals were listed for hearing over the past 18 months, of which 100 have been disposed of, leaving 287 pending. Some cases date back to 2002 and 2004. Appeals involving the Bhubaneswar Development Authority, Bhubaneswar Municipal Corporation, Cuttack Municipal Corporation and Cuttack Development Authority are among those under consideration. The department has increased the frequency of hearings to address the backlog while maintaining the requirement for case-by-case examination of records, site reports and submissions.Read more

26 Aug 2026

The Goa government is preparing to launch a major housing scheme for citizens without homes of their own, under the Chief Minister Housing Scheme, with the launch likely to take place around Diwali. Goa Housing Board Chairman Jit Arolkar said eligibility criteria are being finalised, with applicants likely required to furnish proof of at least 30 years' residence in the state. Rather than outright ownership, homes will be allotted on lease, with beneficiaries required to vacate if they later become financially capable of buying their own house. The scheme will be rolled out across all talukas, beginning with Pernem.Read more

26 Aug 2026

The Varanasi Municipal Corporation has collected INR 39.36 lakh in property tax from 276 property owners within the first three days of its One-Time Settlement (OTS) scheme for tax defaulters. Launched on August 15, the initiative offers a full waiver of interest and surcharge when eligible taxpayers clear their principal dues in a single payment. The civic body has also introduced an instalment facility for taxpayers with dues of up to INR 1 lakh. The scheme will remain open until December 15, giving defaulters a wider window to settle pending municipal taxes.Read more

26 Aug 2026

Odisha is planning to develop around 30,000 affordable housing units under Pradhan Mantri Awas Yojana-Urban 2.0, as the state expands its focus on housing for economically weaker sections. The initiative will cover projects across multiple urban local bodies, with land being identified for affordable housing developments. The state is also working on rental and transit housing alongside ownership-led projects. The Centre has sanctioned more than 2.09 lakh PMAY-U 2.0 houses nationally in its latest approval round, including proposals from Odisha, supporting the state's wider affordable housing programme.Read more

26 Aug 2026

The Haryana Real Estate Regulatory Authority (HRERA), Panchkula, has awarded three months' civil imprisonment to Jagath Chandra, working director of Ansal Properties and Infrastructure Ltd, for repeatedly defying the authority's orders in an execution petition pending since 2022. Major Phalit Sharma (retd), Adjudicating Officer, HRERA, issued the order on 17 August after Chandra neither appeared in person to respond to a show-cause notice, despite being given a third opportunity, nor appeared through video-conferencing. The order directs that a warrant of arrest be issued against her once the decree holder deposits the requisite subsistence allowance.Read more

26 Aug 2026

The Karnataka Legislative Assembly has passed the Karnataka Apartment (Ownership and Management) Bill, 2026, which seeks to replace two more than five-decade-old laws governing apartment ownership in the state. The Bill vests a designated competent authority with powers similar to a civil court to adjudicate disputes between apartment owners, associations and developers, while barring civil courts from hearing matters that fall within its jurisdiction. It also allows redevelopment of ageing buildings with 75 per cent owner consent, with dissenting owners' properties subject to compulsory acquisition at twice the prevailing market value, a provision that has drawn concern from residents and civic groups.Read more

Pune News Desk

26 Aug 2026

Pune's registration department has urged landlords and tenants to complete registration of rent agreements, warning that non-compliance with applicable requirements could lead to police action. The advisory follows an intensified verification drive in the city, during which authorities have reportedly taken action against landlords who failed to maintain properly registered agreements. Officials have stressed that registration provides a formal record of the tenancy and helps authorities verify occupants. The move is also intended to improve tenant identification and strengthen documentation around residential properties, particularly amid increased scrutiny of rental arrangements across Pune.Read more

25 Aug 2026

Maharashtra Revenue Minister Chandrakant Bawankule has directed officials from the Revenue, Cooperation, Land Records and Inspector General of Registration departments to coordinate and streamline the deemed conveyance process for housing societies across the state. Of the state's approximately 1.15 lakh registered cooperative housing societies, an estimated 60,000 to 70,000 are yet to obtain deemed conveyance. Bawankule directed that the names of registered housing societies be recorded directly on property cards or in the "other rights" section of 7/12 land records to facilitate title transfer, and also addressed issues concerning MHADA-linked societies still facing non-agricultural assessment tax despite its abolition.Read more

Noida News Desk

25 Aug 2026

The National Company Law Tribunal (NCLT) has removed Narender Kumar Sharma from his position as interim resolution professional (IRP) overseeing the stalled Festival City housing project in Sector 143B, Noida, after concerns were raised over his disclosures and authorisation to accept the assignment. The tribunal has appointed Sudhir Kumar Agarwal as the new IRP and directed Sharma to hand over all project records and documents. The project is being developed by Anand Infoedge Pvt Ltd, Mist Avenue Pvt Ltd and Mist Direct Sales Pvt Ltd, which are undergoing insolvency proceedings as corporate debtors.Read more

25 Aug 2026

Housing sales across eight major Indian cities declined 6% year-on-year to 91,729 units in the April-June quarter of 2026, according to PropTiger’s latest Real Insight report. Sales fell in six markets, including Mumbai Metropolitan Region, Delhi-NCR, Bengaluru, Pune, Kolkata and Ahmedabad, while Chennai and Hyderabad recorded growth. PropTiger attributed the decline to cautious buyer sentiment amid global uncertainties, including the West Asia conflict and concerns over the potential impact of artificial intelligence on jobs. At the same time, new housing supply increased 6% to 89,161 units during the quarter.Read more