Lucknow News Desk

19 May 2026

The Lucknow Development Authority (LDA) has launched an e-auction for 149 residential plots located in Gomti Nagar Extension and Basant Kunj as part of a larger property sale exercise across Lucknow. Nearly 475 properties, including residential, group housing, institutional and commercial assets worth around INR 3,000 crore, have been put up for auction. The online bidding process will remain open till May 28. Plot sizes range from 25 square metres to 300 square metres, while the authority has also included land parcels for group housing projects and institutional development under its proposed Edu City initiative.Read more

Pune News Desk

19 May 2026

• Nisus Finance Services has invested INR 90 crore in a residential project being developed by Realnet Ventures, a subsidiary of Paranjape Schemes, in Pune’s Hinjewadi Phase-I.
• The funding has been made through Nisus Finance’s Real Estate Special Opportunities Fund-I (RESO-I), a SEBI-registered alternative investment fund.
• The project is part of the Blue Ridge township and will include 188 premium 3BHK and 4BHK apartments spread across nearly 4.02 lakh sq ft of saleable area.
• The development is expected to have a gross development value of around INR 370 crore, supported by steady housing demand in Pune’s IT-driven residential market.Read more

18 May 2026

The Maharashtra government has approved housing advances amounting to INR 1,768 crore for more than 5,400 police personnel under a state-backed financial assistance scheme aimed at supporting home purchases and residential construction. The approvals were granted through the state home department and are intended to assist serving police officers and staff in acquiring permanent housing across Maharashtra. Officials stated that the sanctioned advances cover personnel from multiple police units and departments and form part of broader welfare measures for the state police force. The move comes amid continued demand for improved residential support and housing access for government employees, particularly in urban centres where rising property values and rental costs have increased financial pressures. The initiative is expected to support home ownership among police personnel while strengthening employee welfare infrastructure within the state administration.Read more

18 May 2026

The Odisha government has reduced the stamp duty for registration of common areas in apartment projects to a fixed INR 50,000, replacing the earlier 5% levy charged on residents’ associations. The move is aimed at easing apartment registration procedures and resolving delays linked to transfer of common areas under the Odisha Apartment (Ownership and Management) Act, 2023. Alongside this, the state has introduced a uniform 5% stamp duty on apartment purchases. The changes are expected to improve compliance and speed up pending registrations, though concerns remain over higher costs for affordable housing buyers.Read more

18 May 2026

Chandigarh has introduced a new tenancy framework by extending the Assam Tenancy Act, 2021 to the Union Territory, replacing the decades-old East Punjab Urban Rent Restriction Act, 1949. The move is expected to formalise the city’s rental housing market, where a large share of residents live in rented homes. The new law makes written tenancy agreements mandatory, caps security deposits, introduces a three-tier dispute resolution system and brings digital registration of rent agreements. Officials believe the reforms will improve transparency, reduce disputes and increase the supply of rental housing across residential and commercial segments.Read more

Lucknow News Desk

18 May 2026

• The Lucknow Development Authority (LDA) is planning to develop around 900 affordable flats for EWS and LIG families on Sitapur Road in Lucknow.
• The housing project will come up on nearly 16,000 square metres of land near Shia PG College that was recently cleared of encroachment.
• The scheme is part of LDA’s broader focus on increasing affordable housing supply across developing residential corridors in the city.
• Officials indicated that the project will include basic civic infrastructure, internal connectivity and improved residential facilities for lower and middle-income homebuyers.
• The development is expected to support rising residential demand in northern Lucknow, where infrastructure and housing activity have been steadily growing in recent years.Read more

17 May 2026

Danube Properties has launched “Greenz by Danube”, a fully furnished master villa community in Dubai featuring townhouses, semi-detached villas and twin villas with prices starting from AED 3.5 million. The project was unveiled in Dubai in the past week by Nahyan bin Mubarak Al Nahyan during an event attended by more than 7,000 investors, business leaders and industry stakeholders. Located near Dubai International Academic City and Dubai Silicon Oasis, the development will include over 50 amenities spread across themed leisure zones and will offer a flexible 1% monthly payment plan. The project is scheduled for handover in December 2029 and forms part of Danube Properties’ broader expansion within Dubai’s growing residential market and emerging technology-led urban corridors.Read more

Ludhiana News Desk

17 May 2026

• Ludhiana’s property UID plate project has remained stalled for nearly 12 years despite multiple implementation attempts by the municipal corporation.
• The initiative aimed to digitally map residential and commercial properties through QR-enabled unique identification plates linked to civic and tax records.
• Earlier phases faced delays due to public resistance, contractor disputes, outdated surveys and disagreements over mapping methods.
• Around 85,000 properties were covered during the latest phase under the Smart City Mission before work stopped again.
• Officials are now considering a fresh city-wide survey as older GIS records no longer reflect Ludhiana’s current urban expansion and property growth.Read more

17 May 2026

• Peripheral residential markets around Mumbai, including Karjat, Neral, Panvel and Khopoli, are witnessing rising homebuyer interest driven by demand for cleaner air, lower-density living and wellness-focused housing.
• Improved connectivity through the Mumbai Trans Harbour Link, highway upgrades and railway infrastructure has reduced travel time, supporting the emergence of these locations as residential and second-home destinations.
• Developers and property consultants stated that buyers are increasingly prioritising health, open spaces and lifestyle quality over proximity to central business districts.
• Industry stakeholders noted growing demand for plotted developments, larger homes and nature-oriented communities, particularly among hybrid-working professionals and families across the extended Mumbai Metropolitan Region and Raigad micro-markets.Read more

17 May 2026

Sanghvi Realty has received the Occupation Certificate (OC) for its residential project Sanghvi Palazzo in Andheri West, Mumbai, nearly 18 months ahead of the project’s RERA possession deadline of December 31, 2027. Located on Jai Bhavani Mata Road, Ambivali, the G+9 development comprises 41 residential units across 1 BHK, 2 BHK and 3 BHK configurations, with carpet areas ranging from 358 sq ft to 770 sq ft. The project is registered under MahaRERA number P51800053991. The developer stated that the early completion reflects its focus on execution timelines, regulatory compliance and delivery-led development. The project includes amenities such as a gymnasium, landscaped recreation spaces, children’s play area and security systems, while benefiting from connectivity to metro infrastructure, commercial hubs and social amenities across Mumbai’s western corridor.Read more

17 May 2026

• The Mandate House facilitated sales of 111 residential units worth more than INR 100 crore within one week of the launch of Stans Arize, a project by Stans Buildtech in Jogeshwari East.
• The 23-storey development at Janata Colony, Gandhi Nagar comprises 1 and 2 BHK apartments and was launched under an exclusive sales mandate managed by The Mandate House.
• According to the companies, the project witnessed strong demand due to its proximity to the Western Express Highway, metro stations and suburban railway connectivity.
• The development also includes amenities such as a swimming pool, fitness centre and landscaped recreational spaces. Stans Buildtech currently has 13 ongoing and four upcoming projects across Mumbai.Read more

Mr. Chintan Sheth, Chairman & Managing Director of Sheth Realty

16 May 2026

Redevelopment in Mumbai must prioritise neighbourhood character, community identity and liveability alongside density and infrastructure expansion, according to Chintan Sheth, chairman and managing director of Sheth Realty. Using Mulund as a case study, Sheth stated that balanced urban growth depends on integrating redevelopment with local social and environmental conditions rather than pursuing unchecked vertical expansion. The suburb, known for its green cover, mid-rise residential profile and connectivity advantages, has emerged as one of Mumbai’s stronger-performing micro-markets, with property values ranging between INR 20,000 and INR 37,000 per sq ft. Redevelopment opportunities under DCPR 2034, coupled with upcoming infrastructure projects such as Mumbai Metro Line 4, are expected to increase development activity across the suburb. Industry stakeholders indicated that future redevelopment projects would need to balance higher density with open spaces, privacy, sustainability and community-focused planning.Read more

16 May 2026

• The Centre is expanding implementation of the SVAMITVA scheme to issue legal property cards for residential land parcels in rural areas across India.
• The programme uses drone surveys and geospatial mapping technology to demarcate inhabited village land and generate digital ownership records.
• According to government data, millions of property cards have already been distributed across participating states under the scheme.
• The initiative is aimed at reducing land disputes, improving rural land governance and enabling property owners to access institutional finance using documented assets.
• The scheme is being implemented by the Ministry of Panchayati Raj in coordination with state governments, Survey of India and local Panchayati Raj institutions.Read more

16 May 2026

Existing home sales in the United States recorded a slight increase in April, supported mainly by gains in the multi-family housing segment, while single-family home sales remained flat. High mortgage rates, rising inflation and stretched affordability continued to weigh on demand, especially among first-time buyers. Home prices touched a record level for April despite slower annual growth, while housing inventory stayed below pre-pandemic levels. Economists believe the market may continue to face pressure in the coming months as consumer sentiment weakens and borrowing costs remain elevated, limiting a broader recovery in housing activity.Read more

16 May 2026

• Saya Homes stated that its Saya Gold Avenue project in Indirapuram is witnessing increased traction amid rising demand for premium housing across the NCR region.
• Residential property values in Indirapuram are gradually approaching INR 15,000 per sq. ft., supported by demand from affluent buyers seeking established urban locations with strong infrastructure and connectivity.
• The developer stated that the project has attracted interest from entrepreneurs, healthcare professionals, startup founders and business families seeking larger homes and lifestyle-oriented residential communities near Delhi.
• Located near NH-9, the high-rise development is positioned within a mature residential micro-market supported by schools, healthcare facilities, retail centres and transport connectivity. The company added that buyer preference is increasingly shifting towards integrated residential ecosystems with wellness amenities and larger living spaces.Read more

15 May 2026

Aldar Properties and Abu Dhabi’s Department of Municipalities and Transport (DMT) have entered into a strategic public-private partnership to support the next phase of urban development in the emirate. The collaboration will focus on building integrated communities across Abu Dhabi with a wider range of housing options for residents. As part of the initiative, the partners will also work on activating an undeveloped island for the first time. The move comes as Abu Dhabi continues to expand residential infrastructure amid population growth, rising investor interest, and increasing demand for planned urban communities across the UAE capital.Read more