Mumbai News Desk

10 Jul 2026

• The Brihanmumbai Municipal Corporation (BMC) has approved an Occupation Certificate (OC) amnesty scheme for eligible buildings occupied before November 17, 2016, providing relief to thousands of residents living in long-pending projects.
• The scheme aims to regularise buildings that missed obtaining OCs due to procedural lapses, minor deviations or pending compliances, while excluding unauthorised constructions.
• Housing societies, schools and hospitals meeting the eligibility criteria will be able to apply after paying prescribed charges and complying with specified conditions.
• The proposal now awaits the final administrative process before implementation and is expected to reduce legal uncertainties faced by affected property owners.Read more

Chennai News Desk

10 Jul 2026

Paying guest (PG) accommodation across Chennai and Tambaram has become significantly more expensive as operators raise rents and introduce separate food charges in response to rising commercial LPG prices, higher grocery costs and increasing operational expenses. Monthly rents have increased by up to 35%, affecting thousands of students and working professionals who rely on shared accommodation. PG operators say the hike is necessary to offset sustained increases in fuel, labour and maintenance costs, while residents have expressed concern over the growing cost of living and the affordability of budget housing in the city.Read more

10 Jul 2026

The Maharashtra government has said the first phase of the Dharavi Redevelopment Project is expected to deliver around 10,000 homes within the next 18 months, with rehabilitation of eligible residents remaining central to the initiative. Speaking in the State Legislative Assembly in the past week, Chief Minister Devendra Fadnavis described the project as an economic transformation programme extending beyond housing. Covering nearly 95 million sq ft of planned development, the redevelopment seeks to integrate housing, employment and commercial activity while retaining Dharavi's informal economy. The government also outlined wider urban renewal measures, including 19 cluster redevelopment projects across Mumbai, a target of constructing 7.8 lakh homes in the Mumbai Metropolitan Region by 2030, transport upgrades, parking infrastructure, healthcare expansion and digital governance initiatives.Read more

10 Jul 2026

Besqab has completed sales at its Hertha residential development in Danderyd after selling the final apartment in the 76-unit project. The project, located at Invernesshöjden, was completed on schedule and marks another milestone for the Swedish residential developer. The apartments were designed with long-term letting rights, attracting a broader buyer base, including parents purchasing homes for future family use. The sell-out follows a series of project completions and launches by Besqab as the company continues to expand its residential portfolio across Sweden.Read more

10 Jul 2026

• Tamil Nadu will make its 'Anywhere Registration' facility mandatory for the first sale of plots and flats by builders and developers from August 17, eliminating the need to visit sub-registrar offices.
• The digital system will allow end-to-end online registration, including document upload, Aadhaar-based biometric verification, fee payment and issuance of registered documents.
• The initiative aims to reduce footfall at registration offices, speed up property transactions and improve transparency in the registration process.
• Authorities expect the platform to streamline registrations while improving service delivery and balancing workloads across sub-registrar offices.Read more

10 Jul 2026

The Punjab and Haryana High Court has directed Oberoi Realty not to make any fresh allotments or create third-party rights in its Three Sixty North residential project in Gurugram until the Haryana Department of Town and Country Planning (DTCP) decides a complaint challenging the project's licence. The complaint, filed by Advance India Projects Ltd (AIPL), alleges violations of foreign direct investment (FDI) norms and provisions of the Haryana Development and Regulation of Urban Areas Act, 1975. The court has instructed the DTCP director to dispose of the complaint, currently listed for hearing on July 20, within the prescribed timeframe. Oberoi Realty has clarified that the order does not affect existing sales or construction activity and believes it will not materially impact its business operationsRead more

Mumbai News Desk

10 Jul 2026

• A luxury sea-facing apartment at Palais Royale in Worli has been sold for INR 162.2 crore, making it one of Mumbai's highest-value residential transactions this year.
• The transaction involved a premium apartment spanning over 13,000 sq ft, reflecting sustained demand for ultra-luxury homes in South Mumbai.
• The deal translates to a per sq ft price exceeding INR 1 lakh, underscoring the continued strength of Mumbai's high-end residential market.
• Industry experts believe such marquee transactions highlight strong buyer confidence in prime waterfront properties despite broader market fluctuations.Read more

10 Jul 2026

Swedish real estate company Wallenstam reported higher profit for the first half of the year, supported by gains in the value of its investment properties despite flat rental income. The company maintained a strong occupancy rate of 97% and achieved a 91% commercial lease renewal rate, reflecting stable tenant demand. Wallenstam also increased investments in new construction and reconstruction projects while maintaining a strong financial position. The company said it expects continued progress across its property portfolio and development projects during the remainder of the year.Read more

09 Jul 2026

The Central Information Commission (CIC) has advised the Municipal Corporation of Delhi (MCD) to proactively disclose records relating to residential lift installations, including building plans, approvals, maps and associated documents, in the wider public interest. The advisory was issued in the past week while disposing of a show-cause proceeding against an MCD Public Information Officer (PIO) over delays in providing information under the Right to Information (RTI) Act. Information Commissioner Vinod Kumar Tiwari observed that records relating to lift installation permissions have recurring public relevance and should be placed in the public domain to improve transparency and reduce the need for individual RTI applications. The Commission accepted the PIO's explanation for the delay and decided against initiating penal action.Read more

09 Jul 2026

The Maharashtra government has reduced the stamp duty on the registration of 99-year lease agreements for cooperative housing societies on government land in Mumbai, lowering the rate to a maximum of 0.5% for residential properties and 1.5% for commercial properties. Revenue Minister Chandrashekhar Bawankule announced the decision in the state legislature in the past week, stating that it would provide financial relief to thousands of cooperative housing societies that had been unable to register lease agreements because of high stamp duty costs and procedural delays. The revised policy will apply uniformly across Mumbai city and suburban areas. The government has also waived the transfer premium for flats in the Bandra Kurla Complex (BKC) Reclamation area for transfers executed before 2015, benefiting around 1,500 flat owners across 91 properties.Read more

09 Jul 2026

HBR Realty has proposed acquiring up to 100% of Helbor's shares through a share-swap transaction that could result in the homebuilder being delisted from Brazil's stock exchange. Under the proposal, Helbor shareholders would receive 0.82 HBR Realty shares for each Helbor share, valuing the offer at 2.52 Brazilian reais per share, above Helbor's latest closing price. The companies believe the merger would generate operational and financial synergies, enhance market liquidity and create a stronger, more diversified real estate business, subject to approval from minority shareholders.Read more

Mumbai News Desk

09 Jul 2026

• A member of the family of the founder of healthcare technology firm eClinicalWorks has purchased a luxury apartment in Mumbai's Worli for around INR 211 crore, making it one of the city's biggest residential transactions this year.
• The apartment is located in the premium Naman Xana residential tower and was acquired at an estimated rate of INR 2.5 lakh per sq ft, among the highest ever recorded in India's residential real estate market.
• The transaction includes multiple car parking spaces and reflects sustained demand for ultra-luxury homes in Mumbai's prime waterfront locations.
• The deal underscores the continued appetite among high-net-worth individuals for trophy residential assets despite rising property prices in the luxury segment.Read more

Mumbai News Desk

09 Jul 2026

• Real estate developers headquartered in South India are accelerating their expansion into Mumbai, attracted by sustained housing demand, redevelopment opportunities and the city's premium property market.
• Several established players from Bengaluru, Hyderabad and Chennai have secured redevelopment projects and land parcels across the Mumbai Metropolitan Region in recent months.
• Industry experts say the shift reflects developers' efforts to diversify geographically while capitalising on Mumbai's resilient residential market.
• Strong home sales, limited land availability and a growing pipeline of redevelopment projects continue to position Mumbai as one of India's most attractive real estate destinations.Read more

09 Jul 2026

• Union Housing and Urban Affairs Minister Shri Manohar Lal Khattar distributed sanction letters to 31 beneficiaries under Pradhan Mantri Awas Yojana-Urban (PMAY-U 2.0) in Karnal, reaffirming the government's commitment to providing permanent housing to eligible urban families.
• The event highlighted the Centre's ongoing push to expand affordable housing through the beneficiary-led construction component of the scheme.
• Khattar said the initiative aims to ensure that every eligible household has access to a pucca home with basic civic amenities.
• The distribution comes as PMAY-U 2.0 continues to scale up housing approvals across states to support the government's 'Housing for All' vision.Read more

09 Jul 2026

• A Mumbai sessions court has discharged Jolly Maker-I Premises Co-operative Housing Society and two former office-bearers in a criminal case arising from a 2012 fire at the society's Cuffe Parade high-rise.
• The court held that the prosecution did not comply with mandatory legal requirements before initiating proceedings under the Maharashtra Fire Prevention and Life Safety Measures Act, 2006.
• The case stemmed from allegations that non-functional firefighting systems delayed efforts to control the blaze.
• The ruling concludes a long-running prosecution that highlighted the importance of fire safety compliance in high-rise residential buildings.Read more

08 Jul 2026

• Gillco Group will invest INR 800 crore to develop Gillco Meraqui, a premium residential project spread across 12 acres on PR-7 Airport Road in Sector 126, Mohali.
• The development will comprise 444 luxury apartments across six high-rise towers, offering spacious 3+1 BHK and 4+1 BHK residences with a focus on premium amenities and design.
• The project is positioned along one of the Tricity region's fastest-growing corridors and is expected to cater to rising demand for high-end housing in Mohali.
• Gillco Group said the investment reflects its long-term expansion strategy and confidence in the sustained growth of Punjab's residential real estate market.Read more