01 Jun 2026

• The Enforcement Directorate (ED) has provisionally attached assets worth INR 634.12 crore linked to Unitech Group’s Golf and Country Club project in Noida under the Prevention of Money Laundering Act (PMLA).
• The action relates to an ongoing investigation into the alleged diversion of funds collected from homebuyers, investors and financial institutions across multiple Unitech projects.
• The attached assets include leasehold rights over 347.83 acres of land and equity holdings linked to consortium and special purpose company structures associated with the project.
• Investigators have alleged that INR 7,794.35 crore was diverted from the INR 16,075.89 crore collected by Unitech from buyers and financiers.
• The case stems from 76 FIRs registered by the Delhi Police and the Central Bureau of Investigation against Unitech, its promoters, directors and other entities.Read more

01 Jun 2026

• The Enforcement Directorate (ED) has summoned several farmers from Jaipur’s Sanganer region to record statements in an ongoing money laundering and alleged land grab investigation.
• Farmers have alleged that ancestral agricultural land sold through legal transactions was subsequently brought under unauthorised control through the alleged misuse of powers of attorney.
• Investigators are examining land ownership records, surrender deeds and transaction documents linked to land deals executed over nearly two decades.
• The probe is connected to allegations involving a land aggregation network associated with realtor Gyan Chand Agarwal and other individuals.
• A separate complaint before the Rajasthan Real Estate Regulatory Authority (RERA) has raised concerns over the registration of a housing colony allegedly developed on disputed land using false documentation.Read more

01 Jun 2026

A 26-year-old man died after a fire engulfed a garage-cum-residence in Mumbai’s Khar area, causing extensive damage to the family’s home and workplace in Chuim Village. The deceased, Adrien Alves, was pursuing chartered accountancy studies while also working at a comic book store in Bandra. The blaze destroyed portions of the residential structure and adjoining garage owned by the family. Following the incident, relatives and local residents launched an online fundraiser to support rebuilding efforts and assist the uninsured family.Read more

01 Jun 2026

The Municipal Corporation of Delhi (MCD) has eased the regularisation process for small residential properties by removing the mandatory physical inspection requirement for buildings up to 105 square metres. Property owners can now complete the process online by submitting an architect-certified undertaking along with the required fee. The move is aimed at reducing delays, simplifying approvals and making civic services more accessible. Officials also expect the revised process to improve pending case disposal and strengthen municipal revenue collection. The decision is expected to benefit homeowners dealing with long-pending regularisation applications across Delhi.Read more

31 May 2026

• New York State has approved a new surcharge on high-value second homes in New York City as part of the 2026 state budget signed by Governor Kathy Hochul.
• The “pied-à-terre” tax is expected to generate nearly USD 500 million annually for New York City.
• The surcharge will apply to luxury secondary residences and apartments that are not occupied as primary homes by owners or immediate family members.
• The proposal received support from New York City Mayor Zohran Mamdani but faced opposition from several high-profile investors and billionaires.
• Authorities stated that the measure is aimed at strengthening city finances and addressing budgetary pressures.Read more

Amit Paranjape, Director – Business Development, Paranjape Schemes (Construction) Limited

31 May 2026

• Bhugaon, located in Mulshi taluka under PMC jurisdiction, is witnessing increasing residential demand as infrastructure expansion strengthens Pune’s western growth corridor.
• Improved connectivity through Paud Road, the Mumbai–Pune Bypass and the proposed Missing Link project on the Mumbai–Pune Expressway is expected to enhance accessibility between Pune and Mumbai.
• Developers are increasingly focusing on integrated township projects in the micro-market, driven by demand for larger homes, green surroundings and lower-density living environments.
• Residential demand in Pune’s western suburbs has been supported by price appreciation, growing housing absorption and preference for lifestyle-led township developments.
• Large-format developments such as Paranjape Schemes’s Forest Trails township are contributing to Bhugaon’s emergence as a developing residential cluster in western Pune.Read more

31 May 2026

• Antara Senior Care has received a partial occupancy certificate for Phase I of its senior living community in Sector 150, Noida.
• The approval covers three residential towers comprising 340 units, enabling possession for senior residents who had booked homes in the project.
• The occupancy certificate unlocks approximately INR 150 crore in receivables linked to possession milestones for the development.
• The overall project spans around 12 lakh sq ft, with Phase I expected to generate approximately INR 550 crore in revenue and Phase II projected at INR 800 crore.
• The approval follows prolonged delays linked to sector-wide sports infrastructure completion requirements in Sector 150, Noida.Read more

30 May 2026

• Shifts in tourism patterns are increasingly being tracked by developers and investors as early indicators of future real estate demand across residential, hospitality and second-home markets.
• Growth in repeat short-term travel and improved digital access to destinations are influencing property investment trends in lifestyle and leisure-driven locations.
• Travel data, including search activity and repeat bookings, is helping stakeholders identify emerging destinations before conventional real estate cycles fully develop.
• Industry research suggests that tourism growth often drives parallel investments in infrastructure, connectivity and quality-of-life improvements, which in turn support housing demand.
• Developers and urban planners are increasingly studying travel behaviour alongside traditional market fundamentals to assess long-term investment potential in evolving micro-markets.Read more

30 May 2026

• PropTiger reported that Bengaluru recorded the highest year-on-year housing price growth among India’s top eight cities during Q1 2026, with average prices rising 24 per cent.
• Average residential prices in Bengaluru increased to INR 9,785 per sq ft, making it the country’s second-costliest housing market after Mumbai Metropolitan Region (MMR).
• Across the top eight cities, housing prices increased between 3 per cent and 24 per cent annually, while the weighted average crossed INR 10,000 per sq ft for the first time.
• Housing sales across the eight cities declined 2.2 per cent year-on-year to 95,973 units during the quarter, although Bengaluru, Chennai, Hyderabad and Delhi-NCR recorded sales growth.
• The report highlighted that premium and upper mid-income housing segments continued to dominate new launches across major cities including Bengaluru, MMR and Delhi-NCR.Read more

30 May 2026

Casagrand Premier Builder Limited has expanded its residential portfolio in Chennai with the launch of two new housing projects across North and South Chennai. The developer introduced Casagrand Aquagrove, a waterfront luxury apartment community overlooking Puzhal Lake in Madhavaram, and Casagrand Glenmere, a villa community in Thaiyur along the OMR growth corridor. Together, the projects add more than 650 homes to the market across premium apartment and villa segments. The launches reflect rising demand for larger homes, lifestyle-focused communities and projects located near emerging infrastructure and employment hubs in Chennai.Read more

30 May 2026

• Housing prices across eight major Indian cities increased between 3% and 24% year-on-year during January–March 2026, according to PropTiger.
• Bengaluru recorded the highest annual appreciation at 24%, followed by Mumbai Metropolitan Region at 20% and Delhi-NCR at 18%.
• The report attributed the sustained price growth to stronger demand quality, controlled inventory levels and improving buyer confidence.
• Industry stakeholders highlighted infrastructure expansion, premium housing demand and economic activity as major drivers of price appreciation.
• Developers stated that key residential markets are increasingly witnessing end-user-driven growth rather than speculative demand.Read more

29 May 2026

Grovy India Ltd has announced the acquisition of a premium luxury residential project in Defence Colony, New Delhi, strengthening its presence in the capital’s high-end housing segment. The company disclosed the development in a regulatory filing during the past week. Defence Colony remains one of Delhi’s established upscale residential markets, known for limited land availability and strong demand for luxury housing. The acquisition comes at a time when developers are increasingly focusing on premium and redevelopment-led projects in prime urban locations across Delhi-NCR amid steady demand from affluent buyers and investors.Read more

29 May 2026

• Disputes linked to old pagdi tenancy agreements and redevelopment interests are intensifying across parts of Mumbai amid rising redevelopment activity in ageing residential buildings.
• The issue resurfaced following complaints involving an elderly resident, caretakers, landlords and tenancy-related disagreements in a South Mumbai building operating under the pagdi system.
• Residents and legal experts stated that conflicts involving inheritance rights, redevelopment stakes, access arrangements and caretaker influence are becoming increasingly common in older tenanted properties.
• According to legal observers and multiple reports, courts and authorities are being required to balance property rights, redevelopment interests and welfare concerns of elderly tenants in such disputes.Read more

29 May 2026

Arkade Developers has secured cluster redevelopment rights for nine housing societies in Mumbai, with the project expected to generate around INR 1,100 crore in revenue. The redevelopment will cover nearly 3 acres and offer a saleable area of 3.25 lakh square feet. The company disclosed the development in a regulatory filing during the week. Mumbai’s redevelopment market has continued to remain active due to limited land availability and growing demand for modern housing projects. Arkade Developers, which has delivered over 5.5 million square feet so far, is also constructing more than 2 million square feet across ongoing projects.Read more

28 May 2026

• The Maharashtra Registration and Stamps Department has expanded the ‘One District-One Registration’ system for leave and licence agreements, e-filing and physical filing processes across the state.
• Under the revised framework, citizens can register documents and notices at any sub-registrar office within their district instead of a jurisdiction-specific office.
• Officials stated that the system, implemented under the state government’s Service Fortnight initiative, aims to simplify registration procedures through digital token-based operations and improved administrative flexibility.Read more

Priyanka Vig

28 May 2026

A fire broke out in a second-floor apartment at Lokhandwala Lands End, a residential building in Andheri West, on Wednesday evening, prompting the evacuation of residents from the premises. Three fire engines and two ambulances were deployed, with emergency teams reaching the spot from Andheri East and bringing the situation under control within nearly 30 minutes. While some residents were moved to the terrace, others were evacuated outside the building safely. Officials suspect the fire may have originated from an air-conditioning unit, though the exact cause is still under investigation.Read more