08 Jul 2026

Spain and Portugal are closely monitoring their residential property markets as rapid house price growth and strong mortgage lending raise concerns about potential overheating. House prices increased by 12.9% year-on-year in Spain and 17.8% in Portugal during the first quarter of 2026, supported by robust demand, limited housing supply and favourable economic conditions. While regulators in both countries have introduced or are considering limited measures to improve financial stability, authorities believe current market conditions remain significantly different from those preceding the 2008 global financial crisis. Analysts say affordability pressures persist, but supply shortages rather than excessive credit continue to be the primary driver of price appreciation.Read more

08 Jul 2026

Sobha Ltd reported its highest-ever quarterly sales bookings of INR 3,656.1 crore during the first quarter of FY27, marking a 76 per cent increase from the corresponding period last year. The Bengaluru-based developer sold 1,432 homes and plots spanning 2.34 million sq ft, supported by strong demand for newly launched projects in Bengaluru and Gurugram. Bengaluru accounted for more than half of the company's total sales value, while Delhi-NCR contributed nearly 38 per cent. During the quarter, Sobha also launched 6.89 million sq ft of saleable area across three projects and completed 671 homes across eight developments.Read more

08 Jul 2026

Raymond Realty Ltd has reported sales bookings of INR 700 crore for the first quarter of FY27, more than doubling from INR 306 crore recorded in the corresponding period last year. The company attributed the growth to sustained demand for its premium residential portfolio despite not launching any new housing projects during the quarter. Customer collections also increased to INR 550 crore, while borrowings rose to support ongoing construction and working capital requirements for projects launched during FY26. As of June 30, the company reported outstanding borrowings of INR 1,097 crore, liquidity of INR 270 crore and a net debt position of INR 827 crore.Read more

08 Jul 2026

Home affordability remained stable across six of India's eight major residential markets during the first half of 2026, according to Knight Frank India's Affordability Index. While affordability improved marginally in Ahmedabad and Pune due to lower home loan interest rates, Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) continued to exceed the affordability threshold despite showing gradual improvement. The report attributes the resilience to stable lending rates, sustained income growth and moderate housing prices, indicating that residential demand remains well supported across most key urban markets.Read more

08 Jul 2026

Luxury Roof, a real estate platform specialising in premium residential properties, has announced an expanded focus on luxury housing markets in Gurugram and Bengaluru. The company said it offers curated listings across high-end residential developments, including apartments, villas and integrated townships, targeting homebuyers and investors seeking premium properties. According to the company, the platform provides access to projects developed by established real estate brands in key micro-markets across both cities. Luxury Roof stated that its services are intended to help buyers evaluate projects through verified listings, market information, pricing trends and location insights while supporting informed property purchase and investment decisions.Read more

Chennai News Desk

08 Jul 2026

• India's real estate sector attracted USD 2.9 billion in institutional investments during the second quarter of CY2026, according to a recent report.
• Chennai and Bengaluru together accounted for nearly 27% of the total investment inflows, driven by strong demand for commercial and industrial assets.
• Domestic capital continued to gain momentum alongside sustained foreign investor participation.
• The report indicates that resilient office leasing, expanding logistics infrastructure and data centre investments are supporting continued investor confidence across major property markets.Read more

07 Jul 2026

Shapoorji Pallonji Real Estate (SPRE) will organise a one-day multi-city property showcase in Mumbai, bringing together 15 residential developments across Mumbai, Thane, Pune, Gurugram and Howrah. According to the company, the event will allow prospective homebuyers and investors to explore apartments, villas and plotted developments with prices starting from INR 60 lakh. The showcase follows a similar event held in Gurugram and is intended to present projects across multiple markets under one roof. SPRE said visitors will be able to access project information, consult its sales and advisory teams, and compare residential options across different cities and price segments.Read more

Mumbai News Desk

07 Jul 2026

• Eleven people were injured after a fire broke out in the meter room of a residential building in Mumbai's Jogeshwari area.
• Thick smoke spread rapidly through the six-storey structure, prompting a rescue operation by the Mumbai Fire Brigade.
• Most of the injured suffered from smoke inhalation and were shifted to nearby hospitals for treatment.
• Authorities have launched an investigation into the cause of the fire while highlighting the risks posed by electrical installations in residential buildings.Read more

07 Jul 2026

Shapoorji Pallonji Real Estate (SPRE) has launched Vyomora, a 25-acre residential development in Hinjawadi, Pune, marking its third housing project in the micro-market. The first phase comprises 720 apartments across five residential towers, offering two, three and three-bedroom duplex homes with prices starting from INR 84.99 lakh (all-inclusive). Located in Pune's IT corridor, the project is positioned close to major technology campuses and is expected to benefit from existing and planned transport infrastructure, including Metro Line 3 and the proposed Ring Road. The development forms part of SPRE's continued expansion in western Pune, where it is focusing on integrated residential communities.Read more

07 Jul 2026

The Enforcement Directorate (ED) has provisionally attached assets worth INR 58.34 crore belonging to Ritu Singal, wife of former Bhushan Steel promoter Neeraj Singal, in connection with a money laundering investigation linked to alleged diversion of company funds. The attached assets include land and part of a residential property in Indore, Madhya Pradesh, along with equity shares and bank balances. The action forms part of an ongoing investigation initiated on the basis of a complaint filed by the Serious Fraud Investigation Office (SFIO). The agency has alleged that funds were diverted from Bhushan Steel through fraudulent transactions, causing substantial losses to financial institutions.Read more

07 Jul 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 10 new real estate projects across Lucknow, Gautam Buddha Nagar, Agra and Ghaziabad, involving an estimated investment of INR 1,278 crore. The developments comprise residential, commercial and mixed-use projects that will collectively create around 4,498 residential and commercial units. Lucknow accounted for the highest number of approved projects, while Gautam Buddha Nagar attracted the largest investment value. UP RERA said the approvals are expected to support planned urban development, meet rising demand for housing and commercial infrastructure, generate employment during construction, and stimulate allied sectors. The authority also reiterated its commitment to ensuring regulatory compliance and timely project completion under the Real Estate (Regulation and Development) Act.Read more

07 Jul 2026

Oberoi Realty Ltd has reported gross bookings of approximately INR 8,109 crore in the first phase of its debut residential project in the Delhi-NCR market, reflecting strong demand for luxury housing in Gurugram. The bookings were achieved at the company's newly launched Three Sixty North development on Golf Course Extension Road, where 13.52 lakh sq ft of RERA carpet area has been sold. The 14.8-acre project has an estimated development cost of INR 6,000 crore and a projected revenue potential of INR 16,000 crore across two phases. The first phase comprises 832 apartments across six residential towers, with prices starting from INR 18 crore per unit.Read more

07 Jul 2026

Peninsula Land Ltd has launched Peninsula Estates, Alibaug ONE, an 11-acre plotted residential development in Alibaug, Maharashtra. The gated project comprises 92 residential plots, with base plot sizes starting at 2,454 sq ft and introductory prices from INR 2.39 crore. Registered under the Real Estate (Regulation and Development) Act (RERA), the development is located within approximately 20 minutes of Mandwa Jetty and is positioned to cater to buyers seeking second homes and long-term residential investments. The project includes planned infrastructure, landscaped open spaces and lifestyle amenities, while the developer has highlighted clear land titles and master-planned development as key features.Read more

07 Jul 2026

The Bombay High Court has upheld the Maharashtra government's decision to undertake integrated cluster redevelopment of MHADA layouts at Bandra Reclamation and Adarsh Nagar, dismissing petitions challenging the policy and tender process. The court observed that planned cluster redevelopment would enable better infrastructure, amenities, open spaces and coordinated urban planning compared to fragmented redevelopment. he redevelopment will cover approximately 98.27 acres at Bandra Reclamation and 34.33 acres at Adarsh Nagar, involving several ageing residential buildings developed by MHADA.Read more

07 Jul 2026

The Gujarat High Court has sharply questioned the state government and Surat Municipal Corporation (SMC) over the demolition of nearly 100 houses in Surat's Nasir Nagar, observing that the action appeared to have been carried out without following due legal procedure. The court has sought a rehabilitation plan for the affected families and asked civic authorities to explain how residents were rendered homeless. The case has also prompted disciplinary action against civic officials, placing renewed focus on accountability and procedural safeguards in demolition drives.Read more

06 Jul 2026

China’s resale housing market weakened further in June, with average resale home prices across 100 cities recording a steeper monthly decline than in the previous month, according to data from the China Index Academy. The continued fall reflects weak buyer confidence and the prolonged downturn in the country’s property sector. While new home prices remained stable with modest monthly growth, analysts expect authorities to continue introducing measures to support both housing demand and supply as new home sales are likely to remain under pressure in the near term.Read more