23 Jan 2026

Homebuyers association Forum For People's Collective Efforts (FPCE) has urged the government to introduce an interest subsidy on home loans for buyers of affordable and mid-income housing in the upcoming Union Budget. The body argued that the real estate market has increasingly tilted towards luxury housing, leaving middle-class and first-time buyers with limited viable options. FPCE has proposed a buyer-centric subsidy framework, under which benefits would flow directly to eligible homebuyers rather than developers, and only if EMIs are serviced on time and promoters do not default. The association has also called for clear, uniform definitions of affordable and mid-segment housing, including price caps per sq ft, and incentives to promote housing development in semi-urban areas to reduce pressure on major cities.Read more

23 Jan 2026

Raymond Realty has announced the launch of a new luxury residential development in Wadala, Mumbai, marking another expansion of its footprint in the Mumbai Metropolitan Region. Spread across 5.62 acres, the project, titled The Address by GS, Wadala, carries an estimated revenue potential of around INR 5,000 crore, underscoring the company's focus on high-value urban housing. While the developer has not disclosed the project cost or the number of apartments planned, the launch aligns with Raymond Realty's asset-light growth strategy and long-term value creation plans. The project adds to the company's growing portfolio since its entry into real estate in 2019 and reflects sustained developer confidence in Mumbai's premium residential market despite broader economic uncertainties.Read more

Gurugram News Desk

23 Jan 2026

The Enforcement Directorate (ED) has provisionally seized two ultra-luxury apartments in Gurugram valued at a combined INR 73 crore as part of an expanding money-laundering investigation linked to the Gensol Group and its associated entities. The properties, located in the high-end residential complexes DLF Camellias and DLF The Magnolias, were attached under the Prevention of Money Laundering Act (PMLA) on allegations that the group's promoters diverted public funds and grants for personal enrichment. One apartment, registered to a Gensol Group company, is valued at about INR 40.57 crore, while the other, held by an associated firm, is worth around INR 32.28 crore. Alongside the properties, the ED has also frozen over INR 14 crore in bank balances held across group-related accounts. The action follows multiple First Information Reports (FIRs) filed by law enforcement agencies, including the Economic Offences Wing of the Delhi Police and the Central Bureau of Investigation, in connection with alleged criminal conspiracies involving diverted loans and state-backed grant funds.Read more

22 Jan 2026

Care Property Invest, a Belgian healthcare real estate firm, has moved into advanced negotiations to find solutions for two residential care homes in Wallonia that face financial strain under their current operator. The sites involved are La Repose in Mons and New Beaugency in Bernissart, and the talks focus on securing ongoing care for residents and staff. A third facility, Services des Ardennes in Attert, is financially sound and not part of these discussions. This development follows the company's recent growth in healthcare property holdings in Belgium and reflects challenges for some care operators in the region.Read more

22 Jan 2026

China's property sector continued to face pressure as new home prices fell 0.4% month-on-month and 2.7% year-on-year in December, marking the steepest annual drop in five months. Most cities recorded declines, and existing home prices also softened across tier-one to tier-three cities. Analysts highlighted the persistent drag on economic growth, while property investment and home sales fell significantly in 2025. Despite government efforts and financial support programs, smaller cities face prolonged inventory reductions, and the sector is undergoing a major adjustment with a focus on stabilising expectations.Read more

21 Jan 2026

India's Ministry of Statistics and Programme Implementation is preparing to carry out a nationwide urban slum survey in 2027, marking the first comprehensive exercise in over a decade. The survey will collect detailed data on the number of slums, households, and living conditions, as well as access to basic services like electricity, water, roads, and drainage. It will also highlight changes since the last survey conducted in 2012. This updated information aims to help policymakers plan effective interventions, address service gaps, and improve living standards in urban poor settlements.Read more

21 Jan 2026

Embassy Developments has announced an investment of USD 495 million to develop three luxury residential projects in and around Mumbai, underlining its strategic expansion into India's most expensive and competitive real estate market. The projects, planned across Worli, Juhu and the nearby coastal destination of Alibaug, are expected to generate total revenues of about USD 1.32 billion upon completion. The move comes amid rising demand for premium housing driven by the growing population of high-net-worth individuals in India. Company leadership has emphasised a selective, conviction-led development strategy focused on quality rather than volume.Read more

21 Jan 2026

India's real estate sentiment remained steady in the October-December quarter of 2025, supported by stable liquidity conditions and sustained office demand, as per the Knight Frank-NAREDCO Real Estate Sentiment Index. Both current and future sentiment stayed in positive territory, indicating balanced confidence across asset classes. Office leasing activity across major cities continued to anchor overall outlook, while residential demand showed resilience despite moderated sales momentum. Institutional stakeholders reported stronger confidence than developers, reflecting a cautious but stable market environment as the sector moved towards 2026.Read more

21 Jan 2026

Embassy Developments has announced plans to invest INR 7,000 crore in the Mumbai Metropolitan Region to strengthen its residential presence. The investment will support the launch of three new luxury housing projects in Juhu, Worli and Alibaug, along with the completion of three ongoing developments. The company expects the new projects to generate over INR 12,000 crore in revenue, reflecting confidence in sustained housing demand. Formerly Indiabulls Real Estate, Embassy Developments is now part of the Bengaluru-based Embassy Group, which has a long-standing presence in Indian real estate.Read more

21 Jan 2026

Neinor Homes' preliminary results show a significant rise in net profit following its acquisition of Aedas Homes. Revenues and EBITDA reached the upper limits of the company's 2025 guidance. The firm completed around 2,900 housing unit deliveries and achieved pre-sales of approximately 1,000 million euros, closing the year with a pre-sales order book exceeding 1,200 million euros. The Aedas Homes acquisition strengthened the company's project portfolio, enhanced delivery capacity, and improved financial performance, demonstrating its capacity to integrate acquisitions while sustaining strong market demand for residential developments in Spain.Read more

21 Jan 2026

The Gurugram Department of Town and Country Planning (DTCP) has issued a show-cause notice to Mayfield Garden's N Block RWA and a private party for encroaching on 1.25 acres designated for a public dispensary in Sector 51. Enforcement officials found unauthorised shops, houses, and labour hutments on the reserved land, violating the approved layout and Haryana urban planning laws. The notice demands explanations and relevant approvals, warning that failure to comply could lead to demolition, legal action, and FIR registration. Residents have raised concerns over the loss of planned healthcare facilities.Read more

21 Jan 2026

Crest Urban Living Private Limited, a wholly owned subsidiary of Crest Ventures Limited, has entered into a joint development agreement with Vensco Group to develop 'Crest Golfshire', a golf course-facing luxury mixed-use residential project in Chembur, Mumbai. Spread over about 2.7 acres opposite the Bombay Presidency Golf Course, the project has an estimated gross development value of around INR 1,850 crore. The development will offer nearly 5 lakh sq ft of saleable area comprising premium 3 BHK and 4 BHK homes with permanent green views. Crest Golfshire marks Crest's entry into golf-oriented luxury housing in Mumbai and is positioned to benefit from improving connectivity and infrastructure in the eastern suburbs.Read more

20 Jan 2026

Bollywood filmmaker and producer Karan Johar purchased an apartment in the Pali Vintage building in Khar West, Mumbai, for INR 8.05 crore. The 1,060.13 sq ft carpet-area apartment includes two dedicated car parking spaces. Stamp duty for the deal amounted to INR 48 lakh, with registration charges of INR 30,000. Khar West is a highly sought-after residential neighbourhood, offering good connectivity, upscale amenities, and proximity to business hubs like Bandra Kurla Complex. This purchase highlights the continued interest of high-net-worth individuals in Mumbai's luxury real estate market.Read more

20 Jan 2026

Sunteck Realty Limited is set to launch the first phase of an ultra-luxury residential development in Goregaon West with an initial investment of INR 1,250 crore. Spread across a prime three-acre land parcel, the 42-storey project carries a total gross development value of around INR 3,000 crore and is positioned as a landmark offering in Mumbai's western suburbs. Designed by internationally acclaimed architect James Law, the development combines ultra-luxury residences with premium commercial, retail, and fine-dining spaces, creating a future-ready mixed-use ecosystem.Read more