29 Apr 2026

The Kanpur Development Authority (KDA) has reduced prices of 5,600 unsold flats across 10 housing schemes to address long-pending inventory and improve sales. Prices have been brought down to 2018 levels, with a cut ranging from 4.6% to 23.19%, and units now priced between INR 8.86 lakh and INR 28.50 lakh. Buyers can take possession by paying 20% for EWS units and 25% for others. The authority expects to generate around INR 1,400 crore and has also approved a higher budget along with key infrastructure and planning decisions.Read more

29 Apr 2026

Sales of affordable homes priced below INR 50 lakh declined 23% year-on-year to 16,273 units during the January–March quarter across eight major cities, according to Knight Frank India. The drop has been attributed to reduced new supply amid rising input costs, particularly land. Lower and mid-income segments also recorded declines, while higher-value housing categories saw growth. Overall residential sales fell 4% to 84,827 units, with demand increasingly skewed towards premium housing. The share of homes priced below INR 1 crore reduced to 47%, reflecting affordability pressures and shifting buyer preferences amid rising property prices and global uncertainties.Read more

28 Apr 2026

Telangana’s revised Transferable Development Rights (TDR) policy has led to a sharp escalation in TDR prices, raising concerns among developers over rising project costs and housing affordability. The policy mandates TDR utilisation for high-rise developments and expands its use for setback relaxations, driving demand for development rights across Hyderabad. While the move aims to compensate landowners and reduce government cash outflows for infrastructure projects, developers have flagged cost pressures and delays in project planning. The price escalation is expected to impact new launches and ongoing developments seeking approvals, with concerns emerging over supply recalibration and potential pass-through of costs to homebuyers in key micro-markets.Read more

27 Apr 2026

The Odisha Real Estate Appellate Tribunal (OREAT) has allowed Kantabada Gram Panchayat to challenge a housing project approved by the Bhubaneswar Development Authority (BDA), widening the interpretation of who can file complaints under RERA. The tribunal held that a panchayat qualifies as an ‘aggrieved person’, overturning an earlier rejection by the state regulator. The dispute relates to a 26-unit residential project in a rural area, where the panchayat has contested BDA’s authority to grant approvals. The case highlights jurisdictional conflicts between local self-government bodies and urban development authorities, with implications for planning control, land use governance and project approvals in peri-urban regions.Read more

Mumbai News Desk

27 Apr 2026

The Dharavi Redevelopment Project is set to provide larger rehabilitation homes to residents of chawls and formal buildings within the notified area. Around 8,700 households are expected to benefit, with flat sizes ranging from 500 sq ft to 754 sq ft. The proposal follows directions from the state government to improve living standards beyond earlier norms. Amendments to planning regulations have been initiated and opened for public feedback. While the move is seen as a step forward, residents continue to raise concerns around relocation, clarity on execution and eligibility criteria.Read more

27 Apr 2026

Larsen & Toubro has secured a contract from Oberoi Realty to construct seven high-rise residential towers in Gurugram, marking another addition to its residential portfolio. The order has been awarded to the company’s buildings and factories business vertical, which is also executing multiple domestic projects. Among them is a proving ground facility in Haryana for an international client, aimed at strengthening vehicle testing infrastructure. While the financial details remain undisclosed, the development highlights continued activity in high-rise housing and specialised infrastructure projects across India’s construction sector.Read more

27 Apr 2026

Sumou Real Estate Company has entered into an infrastructure development agreement in Riyadh with Mashariq Al Arabi, strengthening its role in Saudi Arabia’s expanding real estate sector. The company will oversee development activities and earn management fees linked to project costs. The deal aligns with the Kingdom’s broader urban expansion plans under Vision 2030, where private developers are playing a key role in delivering large-scale infrastructure and residential projects. The agreement highlights Sumou’s continued focus on fee-based income and project management services as part of its growth strategy.Read more

27 Apr 2026

A consumer forum in Ghaziabad has directed a group of builders to refund INR 7 lakh to a homebuyer after delays in handing over a residential unit. The order follows a complaint citing prolonged non-delivery beyond the agreed possession timeline. The forum held the developers accountable for deficiency in service, reinforcing legal protections available to homebuyers in delayed projects. The ruling adds to a series of recent decisions by consumer courts and regulatory authorities emphasising timely delivery obligations in the real estate sector. It highlights the continued use of legal recourse by buyers amid project delays and strengthens enforcement of contractual commitments by developers.Read more

27 Apr 2026

Housing projects built under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) in Vadodara are facing structural and maintenance-related deterioration, with residents reporting worsening living conditions across multiple sites. Constructed between the mid-2000s and early 2010s for economically weaker sections, over 21,000 units have been impacted by issues such as seepage, faulty drainage, and falling plaster. Concerns have intensified following incidents of structural damage, including one fatality linked to falling ceiling material. While the Vadodara Municipal Corporation (VMC) maintains that core structures remain safe, residents and activists have questioned construction quality and upkeep. The situation highlights ongoing challenges in the long-term sustainability and maintenance of public housing projects across Indian cities.Read more

26 Apr 2026

ReaRCo Private Limited has acquired KV Developers through the insolvency process at the National Company Law Tribunal, enabling the revival of the long-delayed KVD Wind Park project in Greater Noida West. Backed by approximately INR 195.50 crore funding from the SWAMIH Fund, the company plans to invest a total of around INR 250 crore to complete construction. The resolution is expected to facilitate delivery of nearly 650 units and provide relief to about 400 homebuyers who have been awaiting possession for over a decade. Construction across five towers is already at an advanced stage, with significant utilisation of funds. The project has also been made debt-free following settlement of outstanding dues, highlighting the increasing role of institutional interventions and government-backed funding in resolving stalled residential developments across India.Read more

26 Apr 2026

Casagrand introduced ‘Casagrand Zodiac’, a 764-unit residential project in West Mogappair, Chennai, positioned within an education-centric micro-market. Spread across 8.8 acres, the development allocates nearly 75% to open space, including a 52,000 sq ft central park. The project offers 2, 3 and 4 BHK units and is priced at INR 5,199 per sq ft. It features 114 amenities and a 25,300 sq ft clubhouse. Located near established schools such as DAV Boys Senior Secondary School and Velammal Matriculation Higher Secondary School, the project targets family buyers prioritising academic proximity, while also benefiting from connectivity to Ambattur, Anna Nagar and key employment hubs.Read more

Sachin Bhandari, CEO and Executive Director, VTP Realty

26 Apr 2026

India’s luxury housing market recorded an estimated 85 per cent year-on-year growth across the top seven cities, with over 7,000 units sold in the first half of the year, driven largely by high-net-worth individuals and non-resident Indians. Buyers are increasingly focusing on long-term value, lifestyle quality, and asset stability rather than pure opulence. Demand is shifting towards projects offering smart home integration, sustainability features, and strong infrastructure access. While Mumbai and Delhi-NCR remain key markets, Bengaluru and Pune are emerging as preferred destinations due to economic growth and liveability, with luxury real estate increasingly positioned as a strategic investment asset.Read more

25 Apr 2026

Inspira Realty has secured the Occupancy Certificate for its residential project ‘Gurukripa’ in Chembur, marking the completion of its first development six months ahead of the committed timeline. The project, located in Sindhi Society, comprises 98 apartments across two wings, offering 1, 2 and 2.5 BHK configurations. The development has been fully sold prior to handover, indicating sustained demand in established Mumbai micro-markets. The early completion highlights the developer’s focus on execution timelines and delivery. The project’s location offers connectivity to key infrastructure and commercial areas, reinforcing Chembur’s position as a stable residential market with consistent buyer interest.Read more

25 Apr 2026

Platinum Corp commenced construction of its premium residential project, Platinum Stellar, in Santacruz West, Mumbai, following a bhoomi poojan ceremony held during the past week. Positioned as a low-density development with an estimated topline of around INR 300 crore, the project will offer bespoke residences ranging from 2,500 sq ft to 10,000 sq ft. Designed in collaboration with Sussanne Khan, the development focuses on customised layouts, curated amenities, and design-led living. Located on Main Avenue, the project targets high-end homebuyers and investors seeking exclusive assets in established micro-markets, reflecting continued demand for differentiated luxury housing in Mumbai’s western suburbs.Read more