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

16 Mar 2026

Real estate developer DLF Ltd has reported property sales worth about INR 5,250 crore to non-resident Indian (NRI) buyers during the first nine months of FY2025-26, accounting for roughly one-third of its total sales bookings during the period. According to the company's investor presentation, DLF recorded overall pre-sales of INR 16,176 crore between April and December of the current financial year, with NRI buyers contributing around 32.5 per cent. The share of overseas buyers has increased significantly in recent years, supported by demand for premium residential projects launched by the developer in markets such as Gurugram, Mumbai and the Chandigarh tri-city region. Industry estimates suggest NRI buyers typically account for about 10-15 per cent of housing sales in major Indian property markets, indicating a comparatively higher share in DLF's projects.Read more

Mumbai News Desk

16 Mar 2026

The Maharashtra Housing and Area Development Authority (MHADA) plans to generate around 20,000 affordable homes in Mumbai through large-scale cluster redevelopment projects covering nearly 800-1,000 acres across the city. The initiative forms part of the authority's strategy to increase housing supply for economically weaker sections (EWS) and lower income groups (LIG) while redeveloping ageing housing layouts built several decades ago. According to MHADA vice president and chief executive officer Sanjeev Jaiswal, the redevelopment of large residential clusters is expected to produce about 10 lakh sq m of housing stock over the next six to seven years, primarily in the 500-700 sq ft segment. Several MHADA layouts and older urban neighbourhoods, including Motilal Nagar, SVP Nagar, GTB Nagar in Sion, Abhyudaya Nagar, Kamathipura, and Mandvi Reclamation, are among the projects in various stages of planning, tendering, or implementation.Read more

15 Mar 2026

Inspira Realty, a subsidiary of Inspira Global, has launched its luxury residential project Inspira One at Bandra Bay in Mumbai with an estimated gross development value (GDV) of around INR 1,000 crore. The project features 3 and 4 bedroom residences and has been designed through collaborations with international architecture and design firms. Architecture and fade design have been led by AXS Design under designer Yann Leroy, while interiors are curated by Studio HBA of Hirsch Bedner Associates. Landscape planning has been undertaken by Site Concepts International Inc. The development is positioned as a design-led luxury residential project and forms part of Inspira Realty's strategy to expand its presence in Mumbai's premium housing segment. Located in the Bandra Bay area, the project incorporates amenities such as rooftop recreational spaces and dedicated lifestyle facilities.Read more

15 Mar 2026

The Uttar Pradesh government has approved a new affordable housing policy aimed at increasing housing supply for economically weaker sections and middle-income families in urban areas. The policy supports the Affordable Housing in Partnership and Affordable Rental Housing components under Pradhan Mantri Awas Yojana Urban 2.0. Beneficiaries will receive INR 1.5 lakh assistance from the central government and INR 1 lakh from the state government. Developers will receive exemptions on several project-related charges, while homebuyers will get stamp duty relief. The policy also introduces a structured rental housing model to support urban workers and low-income households.Read more

15 Mar 2026

Sanghvi Realty has received the completion certificate for Sanghvi Aria, its boutique residential project located in Prabhat Colony, Santacruz East. The development comprises 51 one- and two-bedroom apartments across two G+7 buildings on a 0.5-acre plot. With the completion certificate in place, the project is ready for possession, offering homebuyers a ready-to-move option in a well-connected western suburb of Mumbai. Apartment carpet areas range from 457 sq ft to 741 sq ft, with one-bedroom units priced from INR 1.56 crore. The project is located close to key transport and commercial hubs, including Bandra Kurla Complex, the Western Express Highway and the city's airport, making it attractive for professionals and families seeking connectivity and established social infrastructure.Read more

15 Mar 2026

The rapid transformation of Dwarka Expressway is prompting developers such as MRG Group to expand their focus on premium residential projects along the corridor. Once considered a peripheral stretch in Gurugram, the 29-km expressway connecting Delhi's Dwarka with Gurugram has emerged as one of NCR's most significant infrastructure corridors, improving connectivity to key residential sectors and the Indira Gandhi International Airport. Strong infrastructure development, rising interest from affluent buyers and growing transaction values in the luxury housing segment are driving this shift. Industry reports show that luxury home sales in Gurugram have surged significantly, with Dwarka Expressway recording a dramatic rise in transaction activity. Developers are increasingly focusing on low-density, lifestyle-oriented communities that cater to evolving homebuyer expectations.Read more

14 Mar 2026

Arvind SmartSpaces Limited has acquired a new residential high-rise development project in Whitefield, Bengaluru, with an estimated saleable area of about 2.5 lakh sq ft and a projected revenue potential of around INR 330 crore. The project, located in the Nagondanahalli area, spans 2.08 acres and has been acquired on an outright basis. The acquisition follows the company's earlier high-rise project addition on Sarjapur Road earlier this year, reinforcing its expansion in Bengaluru's residential market. This will be Arvind SmartSpaces 11th high-rise development in the city. The company entered the Bengaluru market in 2013 and has since added 15 projects across the region, with six developments delivered and nine currently under development. The project addition contributes to the developer's expanding vertical development portfolio during the current financial year.Read more

14 Mar 2026

Mumbai-based developer Chandak Group has launched a limited-period homebuying scheme across five of its residential projects in the city to coincide with the Gudi Padwa festival and the company's 40th year of operations. The initiative introduces a 40:60 developer subvention structure under which buyers pay 40% of the property value upfront while the remaining 60% is deferred until possession. The offer applies to projects located in Chembur East, Vile Parle West, Andheri East, Malad West and Borivali East and will remain valid until March 31, 2026, after which the effective prices of residences in these developments are scheduled to increase from April 1. The scheme is aimed at improving affordability and easing near-term financial commitments for homebuyers considering premium residences in Mumbai's established residential micro-markets.Read more

14 Mar 2026

The Uttar Pradesh government has approved INR 425 crore under the Chief Minister New Township Scheme to promote structured township development in eight cities: Bareilly, Varanasi, Orai, Chitrakoot, Banda, Pratapgarh, Ghazipur, and Mau. The funding will act as seed capital, covering up to 50 percent of land acquisition costs over 20 years, helping local authorities plan and develop residential and mixed-use townships. The initiative is part of the state's broader urban growth strategy to manage increasing populations, improve housing infrastructure, and guide orderly urban expansion.Read more