06 May 2026

The Telangana government has directed officials to complete the allocation of 2BHK houses to eligible beneficiaries by the end of the ongoing month, as part of efforts to accelerate housing delivery under state schemes. The instruction, issued in the past week by Housing Minister Ponguleti Srinivasa Reddy, emphasises prioritising completed and near-complete units while ensuring strict beneficiary verification. The move follows concerns over vacant houses, delays in allotment and irregularities in earlier phases. Authorities have also been asked to address ineligible occupancy and streamline the allocation process, with financial assistance and infrastructure support continuing under the broader Indiramma housing framework.Read more

05 May 2026

The Maharashtra Housing and Area Development Authority (MHADA) has reduced prices of 1,221 flats in Vikhroli by 7.5% after receiving a muted response from buyers in its housing lottery. The price cut lowers unit rates by around INR 10 lakh, bringing them to a range of about INR 1.34 crore to INR 1.37 crore. The authority has also added one free car parking space per flat and extended the application deadline to improve participation. The move reflects growing competition from private developers offering similar pricing with better amenities.Read more

05 May 2026

Lodha Developers Ltd has outlined plans to launch residential projects worth around INR 21,800 crore in the current financial year, spanning 15 million sq ft across the Mumbai Metropolitan Region, Pune, Bengaluru and Delhi-NCR. The developer is also targeting a 17 per cent increase in sales bookings to INR 24,000 crore, following a year of steady growth. While overall housing demand has moderated after a strong cycle, the company highlighted continued performance driven by branded developers. Lodha reported improved financials in the previous year and indicated a calibrated approach to land acquisition, with a focus on enhancing free cash flow despite a substantial existing land bank and project pipeline.Read more

05 May 2026

The Maharashtra Real Estate Regulatory Authority has taken action against 8,212 housing projects for not updating their Quarterly Progress Reports within the mandated timeline. Out of 33,029 registered projects across the state, these cases of non-compliance have triggered show cause notices under the RERA framework. Developers have been given 60 days to respond and update records, failing which stricter measures may follow, including suspension or cancellation of registrations, penalties, and restrictions on sales and marketing activities. The move aims to strengthen transparency and protect homebuyer interests through timely disclosure of project details.Read more

05 May 2026

Mid-America Apartment Communities reported a marginal decline in its first-quarter core adjusted funds from operations, reflecting softer rental demand across key US housing markets. The company attributed this trend to rising apartment supply in cities like Austin, Memphis and Phoenix. Despite the dip, the REIT maintained a largely stable outlook for 2026, with only a minor adjustment to its earnings guidance. The performance highlights the ongoing supply-demand imbalance in certain residential markets, even as long-term fundamentals for rental housing remain steady.Read more

Delhi News Desk

05 May 2026

The Delhi Development Authority (DDA) has extended the payment deadline for allottees of flats under its Towering Heights housing scheme until the end of June, following requests from buyers seeking additional time to complete formalities. Announced in the past week, the extension applies to successful applicants who were required to deposit payments within a stipulated period after allotment. The move is aimed at improving conversion of allotments into final ownership, reducing cancellations and supporting buyers facing financial or procedural delays, while maintaining momentum in the authority’s housing delivery programme.Read more

05 May 2026

Apartment prices across seven major Indian cities increased in the recent January–March period, rising between 8–20 per cent on a year-on-year basis, driven by higher input costs and stronger demand for premium housing. Apartment sales also grew 8 per cent to 70,631 units compared to the same period last year, while new supply increased 13 per cent. Demand remained stronger in the higher price segment above INR 1 crore, even as affordable housing sales declined. Market participants noted that while demand remains steady, buyers are becoming more selective amid cost pressures and economic uncertainty.Read more

04 May 2026

Ramky Estates has secured INR 600 crore funding under the government-backed SWAMIH Fund to revive stalled residential projects acquired from Skylark Group in Bengaluru. The funding will be deployed to complete multiple developments that were delayed due to financial constraints, impacting homebuyers. The move reflects continued deployment of last-mile financing to unlock stuck housing inventory and restore project execution in key urban markets. The revival is expected to accelerate construction and facilitate delivery timelines across the identified projects.Read more

Gurugram News Desk

04 May 2026

County Group has revived stalled residential projects in Gurugram, facilitating progress towards home delivery for around 400 affected buyers. The revival, executed in the past week, involves restarting construction activity and resolving long-pending project delays. The move addresses stress in legacy developments while restoring execution timelines and buyer confidence. It reflects a broader trend of developers stepping in to complete delayed projects, supported by structured interventions aimed at unlocking stuck housing inventory in key NCR micro-markets.Read more

04 May 2026

Brigade Enterprises has entered into a 50:50 joint venture with Bain Capital to develop a premium mixed-use project in Whitefield, Bengaluru, with an estimated investment of INR 2,200 crore. The development will span an 11-acre land parcel and include around 2 million sq ft of built-up area comprising Grade A office space and a five-star hotel. The partnership reflects continued institutional interest in India’s commercial and hospitality real estate segments, particularly in established office micro-markets such as Whitefield.Read more

04 May 2026

The UK government has clarified that it is not considering rent control measures, despite recent discussions around a possible temporary freeze on rent increases to support tenants. Housing Minister Steve Reed stated that such policies are not being evaluated, citing past outcomes in Scotland where rent caps led to sharper increases. His remarks follow comments by Finance Minister Rachel Reeves, who indicated that the government is exploring ways to support renters facing rising living costs. The stance signals a preference for alternative solutions over direct market intervention.Read more

04 May 2026

Rooftop solar adoption in Delhi has expanded significantly, with power distribution companies energising over 23,000 installations across residential, commercial, and industrial categories. BSES discoms have commissioned more than 13,600 connections with a combined capacity of around 260 MWp, while Tata Power Delhi Distribution Limited has energised over 4,000 installations in the past year alone. The growth has been supported by subsidy schemes such as the PM Surya Ghar programme and the Delhi Solar Policy. Consumers are eligible for subsidies of up to INR 1.08 lakh, alongside generation-based incentives, driving uptake across housing societies and individual households.Read more

04 May 2026

Canada’s housing market downturn is affecting consumer spending even as financial markets continue to perform strongly. Falling home prices, higher mortgage rates, and global factors like rising oil prices have reduced household confidence and borrowing capacity. While overall household wealth has increased due to stock market gains, these benefits are largely limited to wealthier individuals. Economists note that housing plays a more direct role in spending behaviour, and the ongoing correction is weakening the broader economic recovery. Slower consumption growth is expected to impact GDP momentum in the coming period.Read more

04 May 2026

Allegion reported a weaker-than-expected quarterly profit as demand in its residential security segment remained soft due to high borrowing costs and cautious homebuyer sentiment. While revenue growth stayed steady and met market expectations, pressure from the housing sector affected overall performance. The company’s Americas business saw moderate growth, supported by pricing, while international operations performed strongly. Despite near-term challenges, Allegion maintained its full-year earnings outlook, indicating stable expectations for the rest of the year amid ongoing macroeconomic uncertainty.Read more

04 May 2026

The Jharkhand government has initiated action to cancel around 30 residential plot allotments found to be used for commercial purposes in violation of regulations. The move follows inspections that identified unauthorised conversions in designated residential zones. Authorities have issued notices to allottees and begun proceedings for cancellation and recovery of land. The action is part of a broader effort to enforce land-use norms, curb misuse of allotted plots, and ensure compliance with planning regulations across urban areas in the state.Read more

04 May 2026

The UK government is exploring measures to ease pressure on renters, including a possible one-year rent freeze, as rising living costs continue to affect households. Finance minister Rachel Reeves indicated that supporting tenants in the private rental market remains a priority, especially amid inflation linked to global tensions. While some political groups have backed the idea, opposition leaders have raised concerns about its long-term impact on housing supply. The discussion reflects a broader effort to balance tenant protection with market stability in the UK housing sector.Read more