23 Dec 2025

In Hubballi's Kallur layout, homes built under the Smart City project for families displaced by the Vani Vilas Circle Road expansion remain unoccupied due to incomplete infrastructure work. Out of 80 completed homes, 47 have been allotted, but beneficiaries have not received possession. Delays in electrical meter installations, sanitation, and other basic amenities have caused the hold-up. Some homes have suffered minor damage over time. Civic authorities say the electrical work, costing around INR 4 lakh, is now complete, and handovers are expected soon.Read more

22 Dec 2025

The Delhi High Court has imposed costs on a habitual petitioner for repeatedly filing similar pleas related to alleged illegal construction activities, chastising the litigant for misusing judicial time and clogging court dockets. The bench observed that the successive petitions raised identical issues that had already been addressed earlier, leading to unnecessary repetition and judicial burden. By directing the petitioner to pay costs, the court underscored the need to deter frivolous litigation and preserve judicial resources. The order emphasises that courts are obliged to protect their processes from misuse, and that litigants must ensure new petitions present fresh grounds rather than rehashing settled matters.Read more

22 Dec 2025

CREDAI has urged the government to extend tax incentives for developers building affordable housing in the upcoming Union Budget, pointing to rising construction and land costs. The industry body has also called for revising the affordable housing price cap of INR 45 lakh, introduced in 2017, saying it no longer reflects current market realities. CREDAI has suggested raising the limit to INR 90 lakh or removing it to support housing supply in urban and semi-urban areas. It also sought a reduction in GST on construction inputs to lower overall project costs. The association highlighted strong post-pandemic housing demand, improved transparency under RERA, and its continued focus on sustainable and green real estate development.Read more

22 Dec 2025

Keystone Realtors is gearing up to launch a super luxury residential project in Bandra, Mumbai, with a GDV of around INR 3,000 crore. The company has recorded property sales of INR 1,839 crore in the first half of the fiscal year, a 40 per cent increase annually, and aims to achieve INR 4,000 crore in bookings. Keystone plans four more project launches in the second half of the year, investing INR 950 crore in construction. Strong demand in MMR and reduced home loan rates are expected to support continued sales growth.Read more

22 Dec 2025

The Comptroller and Auditor General of India has identified significant lapses in the implementation of a major affordable housing scheme in Chhattisgarh, highlighting delays, cost overruns and procedural deficiencies. The audit found that key project timelines were missed and that financial irregularities and inadequate monitoring weakened delivery of the government's housing objectives. Shortcomings included poor planning, lack of timely approvals, and non-adherence to contractual benchmarks, which collectively reduced the scheme's effectiveness. The findings signal a need for strengthened oversight, rigorous project management and tighter compliance with policy guidelines to ensure public funds are efficiently used and intended beneficiaries receive housing benefits in a timely manner.Read more

22 Dec 2025

US existing home sales edged up marginally in the past month, rising 0.5% to an annualised pace of about 4.13 million units, indicating a stable but subdued housing market. Despite the monthly gain, sales remained lower than last year as high borrowing costs and economic uncertainty continued to weigh on buyer sentiment. Limited new listings and slower inventory growth kept supply tight, supporting home prices, which rose to a median of around USD 409,200. Mortgage rates stayed above 6%, affecting affordability, especially for first-time buyers. With homes taking longer to sell and cash buyers playing a larger role, the market showed steadiness rather than a clear recovery.Read more

22 Dec 2025

A Mumbai special PMLA court declined Encore Asset Reconstruction Company Pvt Ltd's request to release and auction several mortgaged properties linked to the DSK Group, citing ongoing investigations and attachments under the PMLA and MPID Act. The court highlighted that allowing an auction could harm thousands of investors and depositors who suffered losses. The plea was considered premature as charges in the PMLA case have not been formally framed, and MPID proceedings are still active. The decision underscores careful judicial management of high profile financial cases.Read more

21 Dec 2025

The Delhi Development Authority (DDA) has introduced the Karmayogi Awaas Yojana 2025, making 1,168 ready flats in Pocket 9, Narela available at a 25 % discount for serving and retired government staff, including those from central and state governments, PSUs, banks, local bodies, autonomous institutions and government universities. Units include 1 BHK, 2 BHK and 3 BHK options with prices after discount ranging roughly from INR 34 lakh to INR 1.27 cr. Online registration opens soon, and allotment will follow a first come, first served process with clear booking and maintenance cost details.Read more

21 Dec 2025

Residential units built under the Smart City programme in Hubballi continue to remain vacant despite being allotted to displaced families, highlighting persistent delays in handover. The houses, constructed at the Kallur layout to rehabilitate families affected by a major road expansion project, are yet to be occupied due to the absence of basic civic amenities. Beneficiaries who received allotment orders earlier have been unable to move in as electricity connections, sanitation facilities and other essential services are still pending. The Hubballi Dharwad Municipal Corporation has acknowledged the delays, attributing them to unfinished infrastructure work, and has indicated that possession will begin once pending utilities are completed.Read more

21 Dec 2025

Actor Madhuri Dixit Nene and her husband, Dr Shriram Madhav Nene, have sold their residential apartment in Juhu, Mumbai, for INR 3.90 crore, according to property registration records. The apartment, measuring around 780 sq ft, is located in Deep Varsha Co-operative Housing Society on Military Road. The buyer, a woman, benefited from Maharashtra's 1% stamp duty concession for women homebuyers, paying INR 19.5 lakh in stamp duty. The couple also sold a parking space in the same society for INR 15 lakh on the same day. Juhu remains a sought-after residential locality, known for its premium appeal, coastal access and strong demand among high-net-worth individuals and film industry professionals.Read more

21 Dec 2025

Bengaluru City Police has issued new guidelines requiring residential apartment associations to collect and maintain detailed tenant data, including identity and contact information, to enhance safety and enable faster response during emergencies. The directive, aimed at improving resident security and assisting law enforcement, also recommends documenting guest and staff details. Housing societies have been asked to submit data to local police stations regularly as part of the proactive safety measure.Read more

21 Dec 2025

The Enforcement Directorate has filed a chargesheet against Gurugram-based developer Ansal Properties and Infrastructure Ltd and its promoters under the Prevention of Money Laundering Act. The case relates to alleged violations of environmental norms at two residential projects in Gurugram. Authorities claim the company failed to install adequate sewage treatment facilities, leading to untreated effluents being discharged into public sewer networks. The agency has alleged that avoiding compliance costs resulted in proceeds of crime estimated at over INR 10 crore. Earlier, commercial properties linked to the promoters were provisionally attached. The case follows action initiated by pollution control authorities and highlights stricter scrutiny of environmental compliance in large housing projects.Read more

21 Dec 2025

AIPL Ltd is investing approximately INR 987.25 crore in its new residential project, Riviera, within the AIPL LakeCity township on Dwarka Expressway, Gurugram. Spread across 5.14 acres, the first phase will feature two 43 storey towers with 3 BHK and 4 BHK apartments. The project's estimated revenue potential is around INR 1,500 crore. AIPL has engaged international design and consultancy firms for architecture, landscaping, clubhouse, and branding. This move underlines the growing developer interest in Dwarka Expressway, a corridor witnessing rising demand for premium and mid segment housing in the National Capital Region.Read more

21 Dec 2025

Police in Ahmedabad have registered a criminal complaint against a group of developers and their associates on allegations of large-scale cheating and breach of trust involving approximately 95 homebuyers. Complainants allege that the group sold properties in a proposed housing project without securing required regulatory approvals and later sold the land to others. The total amount allegedly collected from buyers is around INR 35 crore, prompting an investigation by the Detection of Crime Branch into transactions, notarial agreements and the role of intermediaries in the scheme.Read more

21 Dec 2025

Indore is advancing a comprehensive housing initiative to achieve slum-free status within five years. The city plans to construct over 16,000 multi-storey homes in the next three years under PMAY 2.0, as part of a larger goal of 1.5 lakh houses. The project covers flats built by the municipal corporation, rental housing, and homes supported by individual subsidies. Strategically chosen sites and submitted DPRs aim to relocate slum residents, removing encroachments that impede development projects and Master Plan roads, reinforcing the city's commitment to organized urban growth.Read more

21 Dec 2025

A premium bungalow property on Linking Road in Santacruz West has been sold for INR 164 crore, making it one of the significant high-value residential land deals in Mumbai's western suburbs. Known as Dwarka Bungalow, the plot spans about 13,629 sq ft and includes an old ground-plus-one structure. The buyer, ZYJ Estates LLP, is linked to luxury real estate developers, with the acquisition driven largely by redevelopment potential. Santacruz West continues to attract such transactions due to limited land availability, strong connectivity and proximity to Bandra Kurla Complex. The deal highlights sustained demand for prime redevelopment plots in established luxury residential micro-markets.Read more

21 Dec 2025

Around 192 residents were evacuated from a residential building in Surat after a compound wall collapsed in heavy rain, prompting safety concerns and immediate action by local authorities. No casualties were reported, but officials said the structural damage posed significant risk, leading to the temporary displacement of families. Municipal engineers are conducting a detailed safety assessment before any re-entry is permitted, and alternative accommodation is being arranged for affected residents.Read more