19 Jun 2026

• Tulip Infratech has announced an investment of INR 1,100 crore for the construction of a new luxury residential project in Gurugram.
• The development will be located in Sector 71 and is expected to cater to rising demand for premium housing in the National Capital Region.
• The company plans to fund the project through a combination of internal accruals and customer collections during the construction phase.
• The investment reflects continued confidence among developers in Gurugram's high-end residential market despite evolving economic conditions.Read more

19 Jun 2026

Essel Group Chairman Subhash Chandra has sold a nearly three-acre bungalow on Bhagwan Das Road in New Delhi’s Lutyens’ Bungalow Zone (LBZ) for INR 1,260 crore, according to sources familiar with the transaction. The property has been acquired by a Delhi-based business family, though the buyer’s identity has not been disclosed. The transaction, expected to be completed by early December, ranks among the highest-value residential property deals reported in India in recent years. Chandra had acquired the property in 2015 for INR 304 crore, reflecting a more than fourfold increase in value over the past decade. The deal highlights sustained demand for trophy residential assets in Lutyens’ Delhi, one of the country’s most expensive and tightly held real estate markets.Read more

19 Jun 2026

China’s residential property market remained under pressure in May, with new home prices recording a steeper monthly decline as demand continued to stay weak despite signs of stability in some major cities. Data showed that property sales, investment, construction activity and developer financing all weakened further during the first five months of the year. While top-tier cities such as Shanghai, Shenzhen and Guangzhou posted modest price gains and resale housing markets showed some improvement, smaller cities continued to face oversupply challenges and slower inventory absorption, keeping overall market sentiment subdued.Read more

19 Jun 2026

A new research report by Liases Foras has identified Neral, located in the eastern Mumbai Metropolitan Region (MMR), as a potential residential growth market within the Mumbai 3.0 development corridor. The report links the area's prospects to an infrastructure pipeline valued at approximately INR 4.04 lakh crore, including the Navi Mumbai International Airport, Virar–Alibaug Multimodal Corridor, Metro Line 8 and the Panvel–Karjat railway project. According to the study, Neral could witness up to five-fold land value appreciation over the next decade as connectivity improves and economic activity expands across the region. The report also highlights anticipated employment generation from airport-led development, large corporate investment commitments and environmental factors that limit land supply, while citing rental yield opportunities in the premium villa segment.Read more

18 Jun 2026

Harmony Infra Ventures will invest around INR 800 crore to develop a luxury residential project, The Horizon Residences, in Indirapuram, Ghaziabad. The company has acquired a 100% stake in the land-owning entity for the development, which will comprise 264 premium apartments. Homes are being offered at around INR 15,000 per sq ft, with apartment prices ranging from INR 6 crore to INR 7.5 crore. The project is scheduled for completion in 2030 and is expected to generate revenue of approximately INR 1,600 crore. Around 100 units have already been sold. The launch comes amid continued demand for residential properties in Delhi-NCR, where housing sales rose 11% year-on-year during the January-March quarter, according to PropTiger.Read more

Mumbai News Desk

18 Jun 2026

Actor Kalki Koechlin has sold a 1,230 sq ft apartment in Andheri West, Mumbai, for INR 2.55 crore, according to property registration documents reviewed by real estate data platforms. The transaction reflects continued activity in Mumbai's western suburban housing market, where average residential prices in Andheri West have risen by about 6.8 per cent year-on-year to around INR 29,000 per sq ft. The apartment forms part of a residential development in one of the city's established residential and commercial micro-markets.Read more

18 Jun 2026

New Zealand's housing market recorded a modest increase in home prices in May, even as sales activity slowed across the country. Data from the Real Estate Institute of New Zealand (REINZ) showed that median house prices rose on a monthly and annual basis, indicating continued resilience in property values. However, elevated living costs, including higher fuel expenses, continued to affect buyer sentiment. Sales volumes declined both month-on-month and year-on-year as households remained careful with spending decisions. Political uncertainty ahead of the country's national election later this year also contributed to a more measured approach among homebuyers.Read more

18 Jun 2026

Mumbai’s sea-facing housing landscape is undergoing a structural shift driven by major infrastructure additions such as the Coastal Road, Mumbai Trans Harbour Link (Atal Setu), and the proposed Versova-Bandra Sea Link. These projects are gradually dissolving long-standing geographic constraints, bringing new coastal pockets into residential consideration and expanding the idea of waterfront living beyond traditional luxury zones. While South Mumbai’s ultra-prime belt continues to operate on scarcity-led demand and legacy value, emerging corridors are introducing relatively accessible entry points for sea or creek-facing homes. In 2026, the pricing gap between established luxury neighbourhoods and new coastal micro-markets is widening significantly, with emerging locations offering entry levels that are nearly one-tenth to half of prime South Mumbai rates.Read more

Mumbai News Desk

18 Jun 2026

• Mumbai’s redevelopment pipeline is projected to unlock nearly 59,000 new homes with an estimated market value of INR 1.5 lakh crore by 2031, according to a recent industry assessment.
• Society redevelopment has emerged as a major growth driver, with more than 1,000 housing societies currently undergoing redevelopment across the city.
• Suburban locations such as Borivali, Andheri, Bandra and Ghatkopar are leading activity as ageing housing stock and rising land constraints accelerate redevelopment demand.
• Policy reforms, improved approval mechanisms and strong housing demand are expected to support the next phase of redevelopment-led urban renewal.Read more

Mumbai News Desk

17 Jun 2026

Mumbai's redevelopment market has opened 2026 on its strongest footing in years, with nearly 70 developer agreements signed within the first 90 days of the year accounting for over 30 per cent of the total agreements recorded across the whole of 2025. The 70 societies cover approximately 52.2 acres, signalling sustained developer appetite as the city's cumulative pipeline crosses 1,094 societies and 432 acres. Multiple industry reports project a pipeline output of approximately 59,000 new homes worth INR 1,500 billion by 2031, with society redevelopment expected to generate over INR 9,115 crore in stamp duty revenues over the project lifecycle.Read more

17 Jun 2026

Ace investor Madhusudan Murlidhar Kela has purchased a 6,233 sq ft ultra-luxury apartment for approximately INR 121 crore in DLF’s under-construction residential project, The Dahlias, at DLF Phase 5, Gurugram. The sale agreement was registered earlier this year, according to CRE Matrix. The transaction comes as DLF continues strong sales momentum at its 17-acre super-luxury development, which has a revenue potential of around INR 40,000 crore and has already recorded apartment sales worth INR 18,562 crore.Read more

17 Jun 2026

The Odisha government is preparing to introduce the Odisha Urban Area Rent Control Act, 2026, aimed at reforming the state's urban rental housing sector and replacing the existing regulatory framework. The proposed legislation seeks to create a more structured and transparent rental market by balancing the interests of landlords and tenants while encouraging investment in rental housing. The move comes amid rising urbanisation, growing migration to cities and increasing demand for affordable rental accommodation across Odisha’s urban centres. A draft of the proposed law has already been placed in the public domain for stakeholder feedback. The government expects the new framework to improve rental housing availability, streamline dispute resolution and support the development of a more organised urban housing market.Read more

Chennai News Desk

17 Jun 2026

Chennai-based civic organisation Arappor Iyakkam has urged Tamil Nadu Chief Minister M.K. Stalin to revoke approvals granted for a residential project being developed by Brigade Enterprises near the Pallikaranai marshland, alleging that the project site falls within the ecologically sensitive wetland area. The organisation has claimed that environmental and planning clearances were granted in violation of wetland protection norms and has sought immediate intervention from the state government. The issue relates to the Brigade Morgan Heights housing project in Perumbakkam, Chennai, for which the NGO alleges approvals were issued despite the site's proximity to the Pallikaranai Ramsar wetland. The developer has previously maintained that the project has obtained all statutory approvals from the relevant authorities. The dispute adds to the continuing debate over development activity and environmental protection around Chennai’s largest remaining wetland ecosystem.Read more

17 Jun 2026

Shriram Properties has entered into a joint development agreement (JDA) for a 9.1-acre land parcel in North-East Bengaluru, marking another addition to its residential development pipeline. The company said the proposed project has a gross development value (GDV) potential of more than INR 6 billion. The move comes as Bengaluru continues to see strong residential demand, particularly in emerging growth corridors driven by infrastructure upgrades, employment hubs and improving connectivity. The project is expected to strengthen Shriram Properties’ presence in one of the city's key housing markets.Read more

17 Jun 2026

• The Prayagraj Development Authority (PDA) has launched a review of property notices issued over the last 10 years for violations of building bylaws, sanctioned maps and land-use norms.
• The exercise aims to identify properties that may now qualify for regularisation under the provisions of Master Plan 2031.
• Officials are scrutinising old records and pending cases to determine eligibility under the revised planning framework.
• The initiative is expected to provide relief to eligible property owners while helping bring more developments into the formal regulatory system.
• The move is part of broader urban planning reforms being implemented under Prayagraj's long-term development strategy.Read more