17 Apr 2026

ASBL has initiated the Expression of Interest process for its upcoming high-rise gated residential project at RTC X Roads in Hyderabad. The development is positioned in a central location with strong metro, rail, bus, and airport connectivity, along with proximity to Hussain Sagar Lake and key social infrastructure. Spread across 7.98 acres, the project includes three towers of G+50 floors with about 1,500 units, large open spaces, and extensive amenities. It offers 3 and 4 BHK homes in multiple configurations. The launch follows ASBL's previous projects that recorded strong sales performance in Hyderabad's residential market.Read more

17 Apr 2026

The Haryana government has approved housing projects for 2,646 beneficiaries across 60 urban local bodies under PMAY-U 2.0, targeting EWS, LIG and MIG segments. The scheme continues to see strong demand, with over 1.69 lakh registrations recorded. Financial assistance of INR 2.5 lakh per beneficiary will be provided under the beneficiary-led construction model. The state has also reviewed earlier approvals, fund releases and progress on geo-tagging. Alongside new sanctions, capacity-building plans and monitoring systems have been strengthened to improve execution, quality control and timely delivery of houses.Read more

16 Apr 2026

The Income Tax Appellate Tribunal (ITAT) has ruled that no capital gains tax is payable when a residential property is sold at the same price at which it was acquired, reaffirming that tax liability arises only when there is an actual profit. The decision, delivered in the past week by the Mumbai bench, involved a jointly owned flat that was sold for INR 85 lakh, identical to its purchase value. Despite this, the tax authorities had initially treated part of the transaction as short-term capital gains due to insufficient documentation. The tribunal set aside the addition after examining evidence and noting that no real income had been generated. The ruling provides clarity on capital gains computation and underscores the importance of accurate documentation in property transactions.Read more

16 Apr 2026

The Maharashtra government has ordered a Special Investigation Team (SIT) probe into alleged violations of the Maharashtra Housing and Area Development Authority (MHADA) quota in residential projects across Nashik. The decision, announced in the past week by Revenue Minister Chandrashekhar Bawankule, follows reports that developers failed to comply with the mandatory 20% reservation for economically weaker sections (EWS) and low-income groups (LIG). The probe will examine projects exceeding 4,000 sq m, where irregularities such as under-reporting of project size and use of forged documents have been flagged. As many as 49 projects are under scrutiny, with authorities expected to assess compliance, identify responsible stakeholders, and recommend legal and administrative action. The SIT has been tasked with submitting its findings within a defined timeframe.Read more

16 Apr 2026

A group of homebuyers in Telangana has accused a construction firm of cheating after collecting substantial advance payments for a proposed villa project in Kollur, near Hyderabad, without initiating development or securing statutory approvals. Complaints filed with the Cyberabad Police's Economic Offences Wing (EOW) led to the registration of a criminal case under provisions related to cheating and criminal breach of trust. Buyers claimed they were persuaded to invest in the project under a pre-launch offer, with one purchaser reportedly paying INR 1.38 crore towards a villa valued at INR 1.60 crore. Investigations revealed that the project had neither received approvals from the Telangana Real Estate Regulatory Authority (RERA) nor the Hyderabad Metropolitan Development Authority (HMDA), raising concerns over compliance and project legitimacy.Read more

16 Apr 2026

The Haryana government has amended its Affordable Housing Policy, 2013, introducing mandatory provision of one car parking space per dwelling unit across projects. The revision, notified in the past week, also increases allotment rates across cities including Gurugram, Faridabad and Sohna. Parking costs have been capped at 10% of the flat price, with developers required to demarcate spaces at the approval stage. The changes will apply to upcoming allotments and partially to ongoing projects, subject to buyer consent. Projects with occupation certificates remain exempt. The revision reflects a broader recalibration of policy norms to address infrastructure gaps in high-density housing while accommodating rising construction and land costs across the state's affordable housing segment.Read more

15 Apr 2026

The Prayagraj Municipal Corporation (PMC) has introduced a 25% rebate on property tax for newly constructed residential buildings, aimed at encouraging fresh housing development and easing the financial burden on property owners. The decision, taken in the past week, applies to the annual rental value assessment, effectively reducing overall house tax liability for eligible properties. The measure forms part of a broader set of fiscal interventions by the civic body, which has recently revised tax frameworks and introduced targeted incentives across property categories. The move is expected to support new residential supply in the city while improving compliance and expanding the municipal tax base through structured incentives.Read more

15 Apr 2026

The Andhra Pradesh Township and Infrastructure Development Corporation (TIDCO) has introduced an integrated township model in Vijayawada, shifting from standalone housing to fully serviced residential clusters for economically weaker sections. The initiative, highlighted in recent updates, combines housing with physical infrastructure, social amenities, and livelihood support systems. Developments include internal road networks, underground drainage, water supply integration, and energy-efficient provisions. The model also incorporates livelihood centres to promote self-employment, particularly among women. The approach reflects a broader recalibration of state-led housing schemes, emphasising long-term habitability and economic sustainability alongside large-scale delivery of affordable housing units across urban areas.Read more

Lucknow News Desk

15 Apr 2026

The Lucknow Development Authority (LDA) is set to introduce a new residential plot scheme, offering over 2,000 plots in its first phase as part of a broader expansion of housing supply in the city. The scheme, expected to be rolled out shortly, aims to address increasing demand for plotted developments driven by urban growth and infrastructure expansion. Authorities indicated that allotment will follow a transparent process, likely through a lottery system, with detailed information on plot sizes, pricing and application timelines to be released separately. The initiative forms part of LDA's wider strategy to develop new residential layouts and townships while improving access to organised housing across income segments in Lucknow.Read more

14 Apr 2026

Existing home sales in the United States declined to a nine-month low in March, falling 3.6% to an annualised rate of 3.98 million units, according to industry data. The slowdown reflects persistent supply shortages, elevated mortgage rates, and concerns around labour market conditions. Despite a modest rise in housing inventory to 1.36 million units, levels remain below historical norms. Median home prices increased to USD 408,800, marking a year-on-year rise, while affordability weakened. Market conditions have also been influenced by geopolitical tensions, which have pushed up borrowing costs. The data indicates a cautious outlook for residential transactions, with growth projections for the year revised downwards.Read more

14 Apr 2026

Maharashtra Chief Minister Devendra Fadnavis has instructed authorities to establish a structured and accessible affordable rental housing system in Mumbai, alongside a dedicated digital platform to streamline access for citizens. The directive, issued following a policy review meeting in the past week, responds to sustained migration into the city and the resulting pressure on rental housing supply. The proposed framework emphasises aligning demand and supply, ensuring legal compliance in tenancy agreements, and reducing disputes. Measures include appointing designated authorities under the Maharashtra Rent Control Act and strengthening institutional mechanisms for oversight. The move is positioned within the broader effort to address housing affordability challenges for working populations and migrants in India's financial capital.Read more

14 Apr 2026

State-owned NBCC Ltd has entered into two agreements with Housing and Urban Development Corporation Ltd (HUDCO), including one for the redevelopment of August Kranti Bhawan in Bhikaji Cama Place, New Delhi. The project covers a leasehold land parcel of 18,830 sq m, with NBCC responsible for feasibility assessment, construction, project management, and monetisation of built space. A separate agreement enables HUDCO to provide financial support for NBCC's ongoing and future projects under its self-sustainable model. The arrangement reflects continued collaboration between public sector entities in urban redevelopment and project financing within the national capital.Read more

14 Apr 2026

UK homebuilder Vistry has appointed Adam Daniels as its new CEO with immediate effect, replacing Greg Fitzgerald, who stepped down after nine years. The leadership change comes as the company faces margin pressure and weak housing demand. Shares fell following the announcement, reflecting investor concerns. Vistry has warned that rising costs, planning delays and subdued demand will impact profitability through 2026. Daniels, a long-time executive, brings extensive industry experience. The company will continue to focus on cash generation, increasing open market sales and reducing inventory, as the broader UK housing sector remains under pressure.Read more