19 Mar 2026

A consumer disputes commission recently directed Lodha Developers and associated companies to refund nearly INR 5 crore to a senior citizen couple after their World Towers apartment booking in Lower Parel was terminated unilaterally. The couple had initially booked a 3 BHK unit with two parking slots under a 20:80 payment plan and faced repeated changes, price hikes, and revised terms before the developer issued a termination letter. The commission found the builder's actions amounted to deficiency in service and unfair trade practices, and also awarded interest and compensation for stress and harassment caused to the couple.Read more

Mumbai News Desk

19 Mar 2026

Over 800 families from the Naigaon BDD chawls in Mumbai have started moving into newly constructed 2BHK apartments under a major MHADA-led redevelopment project. A total of 864 flats have been handed over in the first phase, with more units expected by April 2026. The redevelopment will replace old 160 sq ft tenements with modern homes of about 500 sq ft. The larger BDD redevelopment plan across Mumbai aims to rehabilitate nearly 15,000 families while improving infrastructure and living conditions without displacing long-standing communities.Read more

19 Mar 2026

Around 127 families from Vartak Nagar in Thane have alleged that actions by TMC and MHADA during a redevelopment project denied them proper rehabilitation. The issue stems from older housing meant for project-affected persons, where official records were allegedly altered to classify occupants as civic staff. This affected eligibility and reduced flat sizes from earlier approved norms. While redevelopment has been completed, several residents claim they either received smaller units with restrictions or are still awaiting allotment, raising concerns about documentation, transparency, and fairness in the process.Read more

18 Mar 2026

Sundaram Home Finance Ltd has initiated its affordable housing segment in Puducherry, aiming to disburse over INR 10 crore in the initial phase. The Chennai-based company recently expanded this business vertical into Karnataka, Andhra Pradesh, and Telangana. Highlighting Puducherry's growth as an education and employment hub, the company sees significant potential in small, affordable housing communities on the outskirts. Earlier, the company crossed 100 branches in this segment, with more than half in Tamil Nadu. Its emerging business, combining small business and housing finance, recorded a net profit of INR 212 crore on disbursements of INR 4,911 crore.Read more

18 Mar 2026

Kalpataru Projects International Limited (KPIL) has added orders valued at INR 2,471 crore, including an underground metro rail project through a joint venture. The company has also received assignments in power transmission and distribution both domestically and overseas, as well as in the buildings and factories segment in India. With these additions, KPIL's total order book for the current financial year has reached around INR 22,000 crore, reflecting strong demand in urban infrastructure, T&D, and construction sectors. The company's performance indicates continued growth and sectoral buoyancy.Read more

18 Mar 2026

Go Residential Real Estate Investment Trust has entered into agreements to acquire two residential properties in New York 7 Dey Street and 409 Eastern Parkway for a total value of USD 439.6 million. The company indicated that the acquisitions are expected to be accretive to its annualized adjusted funds from operations per unit in the mid-single-digit range. Alongside the transaction, the REIT has also announced a concurrent trust unit offering and private placement to support funding. The move reflects continued interest among global REITs in stable rental housing assets in key urban markets.Read more

Kochi News Desk

18 Mar 2026

The Bliss City project in Kakkanad, Kochi, is moving closer to development as Kochi Metro Rail Limited (KMRL) has started leasing portions of land to investors to accelerate the long-planned mixed-use township. Spread across about 31.43 acres near the district collectorate at Kunnumpuram, the project is designed to include commercial, retail, hospitality and institutional spaces. Authorities have already leased around 3.41 acres and expect construction to begin soon. The development is also planned as a non-fare revenue initiative for the Kochi Metro system while supporting Kakkanad's fast-growing role as an IT and administrative hub.Read more

17 Mar 2026

The Prayagraj Municipal Corporation has approved a 40% rebate on house tax for residential buildings that are more than 20 years old within the municipal limits. The decision was passed during a municipal house meeting and will be implemented from April 2026. Eligible property owners will receive the rebate automatically without submitting any application. The move is expected to benefit residents living in older neighbourhoods where many structures have crossed two decades. During the same meeting, the civic body also revised its 2025-26 budget, increased allocations for water services, and proposed a one-time settlement scheme to recover long-pending property tax dues.Read more

16 Mar 2026

Puravankara Limited's associate, KVN Property Holdings LLP, has obtained registration from the Karnataka Real Estate Regulatory Authority (KRERA) for the new residential project Northern Lights by Puravankara KVN in the Hitech, Defence and Aerospace Park area of North Bengaluru. The approval covers all three phases of the development and clears an important regulatory step required to start marketing and sales. The project is expected to be officially launched soon, adding to the company's expanding housing portfolio in Bengaluru, a city that continues to see strong demand for residential space.Read more

16 Mar 2026

Housing sales across the primary residential markets of India's 50 major cities declined by 3 per cent in 2025 to about 6.14 lakh units, even as the overall transaction value increased 16 per cent to INR 8.46 lakh crore, according to a joint report released by industry body CREDAI and research firm Liases Foras. The report attributes the increase in sales value to rising demand for premium and luxury housing segments, which have gained prominence in recent years. Homes priced above INR 1 crore accounted for a significant share of total sales value, reflecting changing buyer preferences and higher property prices. The study also noted that metropolitan regions continue to dominate housing sales, although Tier II cities are gradually emerging as important markets supported by infrastructure development and expanding employment hubs.Read more

16 Mar 2026

The Telangana government has distributed house site pattas and sanctioned homes under the Indiramma Housing Scheme to 412 families affected by demolitions on Bhoodan land in Velugumatla village in Khammam district. The beneficiaries were identified after a verification survey conducted following an eviction drive. Out of the total beneficiaries, 311 landless families will receive house sites and homes in Velugumatla, while 101 families will construct houses in their native villages. The government also plans to build a planned residential colony with civic amenities and complete the housing construction by December 9.Read more

16 Mar 2026

Delhi-NCR based real estate developer Gaurs Group reported sales bookings worth INR 5,347 crore during the first nine months of FY2025-26, marking a 12 per cent increase compared with INR 4,786 crore recorded during the same period of the previous fiscal. The company sold around 5.92 million square feet of property across 2,578 units between April and December of the ongoing financial year, with residential developments contributing nearly 95 per cent of total bookings. Company officials attributed the performance to sustained demand for planned residential developments in the National Capital Region. Gaurs Group, which is currently unlisted but is considering a future initial public offering, has developed more than 100 million square feet of real estate and delivered over 75,000 homes across 70 projects. The company continues to expand its development pipeline, particularly along the Yamuna Expressway corridor.Read more

16 Mar 2026

Asas Makeen Real Estate Development and Investment Co has entered into a development agreement with Awa'id Al-Hada Co to build a residential villas project in the Al-Hada district of Riyadh. The contract is valued at SAR 63.1 million. Under the agreement, Asas Makeen will act as the project's real estate developer and will oversee the planning, management, and execution of development works. The partnership reflects continued residential development activity in Riyadh as the Saudi capital expands housing supply amid population growth and urban expansion driven by the country's broader economic diversification plans.Read more

Indore News Desk

16 Mar 2026

Property guideline rates in Indore are likely to increase significantly as the district administration prepares a revision for the upcoming financial year. Authorities have proposed merging 533 property registration locations to reduce discrepancies in valuation and simplify the registration process. The change may lead to rate increases in nearly 3,000 locations, with some areas seeing hikes of up to 200%, especially in developing outskirts and villages along infrastructure corridors. Officials say the move will help prevent revenue loss and improve transparency, though the city has already seen a nearly 10% decline in property registrations due to rising prices.Read more