05 Jun 2026

• Lucknow Development Authority has reopened bookings for premium flats in its Basant Kunj housing project after closing earlier registrations.
• The scheme offers 3 BHK and 3 BHK with servant quarter units under a lottery-based allotment system.
• Around 364 flats are part of the Park View Apartments project, spread across four towers with up to 20 floors.
• Prices are fixed at about INR 74.59 lakh for 3 BHK and INR 94.92 lakh for larger units.
• Payments are structured with instalments and regulated under UP RERA guidelines.Read more

05 Jun 2026

• The Securities and Exchange Board of India (Sebi) has cancelled the registrations of five Alternative Investment Funds (AIFs) for failing to comply with mandatory reporting requirements.
• The affected entities are Exponential Innovation Fund, Florintree India Flexi Advantage Trust, Prime Realty Capital, Rudrabhishek Infrastructure Trust and Victory Investment Fund.
• The funds did not submit Quarterly Activity Reports (QARs) for all four quarters of 2025 despite regulatory obligations.
• Sebi initiated summary proceedings and issued show-cause notices in April 2026 after identifying repeated non-compliance.
• The regulator concluded that the violations were established and ordered immediate cancellation of registrations under applicable regulations.Read more

04 Jun 2026

• Hungary’s central bank has reported that the country’s banking system remained well-capitalised during 2025, while cautioning that risks in the housing market have increased.
• The National Bank of Hungary said house prices rose by 23.5% in nominal terms during 2025, contributing to higher market overvaluation.
• Housing market overvaluation increased to 22.5%, raising concerns about the potential for future price corrections.
• Borrowers’ average loan-to-value ratio rose significantly following the introduction of a subsidised mortgage programme for first-time homebuyers.
• The central bank noted that stable debt-service-to-income ratios and fixed-rate mortgages continue to support household repayment capacity.Read more

03 Jun 2026

Gujarat Real Estate Regulatory Authority (GujRERA) has initiated a review of government-backed and public sector real estate projects that have received extensions to their registration timelines. The regulator has reportedly sought detailed information on the reasons for delays, revised completion schedules and project progress from various government agencies and authorities. The exercise is aimed at strengthening project monitoring, improving transparency and ensuring timely completion of projects registered under the Real Estate (Regulation and Development) Act, 2016.Read more

03 Jun 2026

• Maharashtra has recorded 23 cooperative housing society registrations through its fully online registration system within two months of launch.
• The digital process is being implemented through the Aaple Sarkar portal to reduce paperwork and administrative delays.
• Officials said the system aims to simplify approvals, curb intermediary involvement and improve transparency.
• The initiative is expected to support faster registration of housing societies across urban centres including Mumbai and Pune.Read more

03 Jun 2026

Puravankara Limited has entered into a Joint Development Agreement (JDA) for an 11.23-acre land parcel at Doddagubbi in North Bengaluru, where it plans to develop a residential apartment project with an estimated gross development value (GDV) of INR 1,100 crore. The development will comprise approximately 0.74 million sq ft of saleable area and forms part of the company’s ongoing expansion strategy in key urban micro-markets. The announcement comes after the developer reported record annual sales of INR 7,407 crore in FY26 and outlined a FY27 sales target of INR 11,200 crore. The project strengthens Puravankara’s pipeline in Bengaluru, which now represents more than INR 13,800 crore in GDV across multiple residential developments.Read more

02 Jun 2026

• The Reserve Bank of India (RBI) reported a 4.2% year-on-year increase in the All India House Price Index (HPI) for the January–March quarter of FY26.
• The growth was higher than the 3.8% rise recorded during the corresponding period of the previous financial year.
• Cities including Nagpur, Jaipur, Chandigarh and Kanpur were the key contributors to the increase in housing prices.
• On a sequential basis, the HPI rose 0.2% to 115.9 from 115.6 in the preceding quarter.
• The index is compiled using property transaction data from registration authorities across 18 major Indian cities.Read more

02 Jun 2026

• Mumbai-based Arkade Developers reported FY26 pre-sales of INR 901 crore, registering 17% year-on-year growth amid sustained residential demand across the Mumbai Metropolitan Region.
• The company posted total revenue of INR 828 crore, up 19% year-on-year, while collections reached INR 728 crore during the financial year.
• Arkade completed the acquisition of the Filmistan property in Goregaon West, Mumbai, with plans to develop an ultra-luxury residential project having an estimated GDV of INR 3,500 crore.
• A one-time accounting adjustment of around INR 182 crore linked to the transaction impacted FY26 consolidated financial statements but was described as non-operational in nature.
• The developer expanded its project pipeline to an estimated GDV of INR 12,800 crore and secured cluster redevelopment rights for nine housing societies in Kandivali East.Read more

Ghaziabad News Desk

02 Jun 2026

• The Ghaziabad Development Authority (GDA) has decided to review fire safety measures across residential societies following a series of recent fire incidents in high-rise housing projects.
• The authority will coordinate with the fire department and other agencies to assess compliance with fire safety norms, emergency access requirements and operational firefighting systems.
• Residential complexes found lacking mandatory fire safety infrastructure may face notices and corrective action directives.
• The review will focus on fire equipment maintenance, evacuation preparedness, emergency access routes and adherence to approved building safety standards.
• The exercise comes amid increasing concerns over fire risks in high-density residential developments across the National Capital Region (NCR).Read more

02 Jun 2026

• Prestige Estates Projects is targeting sales bookings of INR 35,000–36,000 crore in FY27, representing a growth of 15–20 per cent over the previous fiscal.
• The Bengaluru-based developer achieved record pre-sales of INR 30,024 crore in FY26, marking a 76 per cent year-on-year increase.
• The company has a launch pipeline valued at around INR 60,000 crore across key markets including Bengaluru, Mumbai Metropolitan Region and Delhi-NCR.
• Management remains confident about residential demand despite global uncertainties and rising construction costs linked to the West Asia conflict.
• Prestige also reported a sharp rise in profitability and income during FY26, supported by strong operational performance across asset classes.Read more

02 Jun 2026

Mumbai’s Slum Rehabilitation Authority (SRA) has identified 19 large slum clusters across the city for redevelopment under Maharashtra’s newly introduced cluster redevelopment policy for plots exceeding 50 acres. The projects include major sites in Andheri West, Govandi, Mankhurd, Wadala and Vikhroli, with the largest covering nearly 100 acres near Gilbert Hill in Andheri. The scheme aims to integrate slums, old buildings and unusable land parcels into large-scale redevelopment projects through joint ventures, tenders and government-led implementation models.Read more

02 Jun 2026

• Berkshire Hathaway has agreed to acquire US homebuilder Taylor Morrison Home Corporation in an all-cash transaction valued at USD 6.8 billion.
• The deal marks the first major acquisition under Berkshire CEO Greg Abel, who succeeded Warren Buffett at the beginning of 2026.
• Berkshire will pay USD 72.50 per share, representing a 24% premium to Taylor Morrison’s closing share price on May 29.
• Including debt, the transaction carries an enterprise value of approximately USD 8.5 billion and is expected to close in the second half of 2026, subject to approvals.
• The acquisition strengthens Berkshire’s housing portfolio and supports plans to consolidate its site-built homebuilding operations across the United States.Read more

Mumbai News Desk

02 Jun 2026

• Residential markets across several coastal cities are witnessing a shortage of ready and under-construction 3BHK apartments amid sustained demand for larger homes.
• Developers and property consultants have reported rising preference for spacious residences among end-users, particularly in premium and upper mid-segment housing projects.
• Demand has been driven by changing household requirements, hybrid work patterns and growing preference for lifestyle-oriented residential developments.
• Limited availability of suitably configured units has led developers to recalibrate project launches towards larger apartment formats in key coastal markets.
• The trend is being observed across major coastal real estate destinations where housing demand has remained resilient despite rising property prices and construction costs.Read more