16 Dec 2025

The Brihanmumbai Municipal Corporation has ordered a temporary halt to construction at the Prestige Towers project in Mahalaxmi after identifying violations of mandatory air pollution control norms. Inspections revealed inadequate dust mitigation measures, including insufficient barricading, lack of continuous water sprinkling and absence of required dust suppression systems. The civic body said these lapses could worsen air quality and pose health risks to nearby residents, commuters and on-site workers. The action is part of BMC's intensified monitoring of construction sites across Mumbai, especially during periods of high pollution. Work at the site will remain suspended until all prescribed air quality and environmental safeguards are fully implemented and verified.Read more

16 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) conducted an online lottery for 426 residential units under the Development Control and Promotion Regulations 2034, with 373 applicants selected and 362 placed on a waiting list. Successful applicants are being notified through email, followed by official letters for document verification. BMC also plans another draw for 296 units across the city. This move reinforces the civic body's efforts to make affordable housing accessible to Economically Weaker Section (EWS) and Low-Income Group (LIG) applicants, addressing the long-standing demand for inclusive homes in Mumbai.Read more

16 Dec 2025

Aditya Birla Housing Finance has launched Pragati Home Loan to expand access to affordable housing finance for low- and middle-income borrowers across India. The product is designed for salaried and self-employed customers, including those with informal income or limited documentation. Pragati Home Loan supports multiple housing needs such as home purchases, construction, resale, extensions and improvements. With loan tenures of up to 30 years and financing of up to 90 per cent of property value, the offering aims to reduce upfront and monthly repayment pressures. Digital onboarding, transparent tracking and doorstep assistance further simplify the loan process, reinforcing the company's focus on financial inclusion and first-time homebuyers.Read more

16 Dec 2025

The Uttar Pradesh Real Estate Regulatory Authority has approved 16 new real estate projects across nine districts, involving a total investment of about INR 3,200 crore. Lucknow led the approvals with six projects worth over INR 2,150 crore, covering residential, commercial and mixed-use developments and adding more than 1,400 units. Other cities including Agra, Ghaziabad, Moradabad, Bareilly, Jhansi and Mathura-Vrindavan also received clearances, largely in the residential segment. The approvals reflect steady momentum in regulated real estate development across the state. The projects are expected to boost housing supply, support urban infrastructure growth and generate employment across construction and allied sectors.Read more

16 Dec 2025

Coldwell Banker India has appointed Bengaluru-based Value Add Realty as its area developer for Karnataka, Tamil Nadu, Kerala and Goa, expanding a partnership that has been in place for more than a decade. The appointment gives Value Add Realty, represented by partner Balaji Badrinath, a wider role in overseeing franchise growth, training and operational standards across South India. The move follows the firm's contribution to building Coldwell Banker's presence in Bengaluru and comes as the network prepares to add new franchise partners, including Archstone Ventures in Devanahalli.Read more

16 Dec 2025

China’s residential property prices continued to decline in November, reflecting persistent weakness in demand despite repeated assurances from policymakers. Official data showed both monthly and annual price drops, with pressure visible across new and secondary home markets. Price falls widened across major and smaller cities, underlining the depth of the slowdown that began in mid-2021. Economists expect the downturn to extend into 2026, citing oversupply and fragile buyer sentiment. International agencies and analysts continue to urge stronger, targeted action to address the prolonged property crisis.Read more

16 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) conducted an online lottery for 426 residential units under the Development Control and Promotion Regulations 2034, with 373 applicants selected and 362 placed on a waiting list. Successful applicants are being notified through email, followed by official letters for document verification. BMC also plans another draw for 296 units across the city. This move reinforces the civic body's efforts to make affordable housing accessible to Economically Weaker Section (EWS) and Low-Income Group (LIG) applicants, addressing the long-standing demand for inclusive homes in Mumbai.Read more

16 Dec 2025

UK home sellers lowered asking prices more than usual for this time of year, reflecting caution around the property market following the government's budget. Data from Rightmove showed a steeper monthly decline than the long-term average, with prices also slipping on an annual basis. The slowdown was most visible ahead of new policy clarity, although early signs of recovery have emerged in parts of London's prime market. Despite near-term weakness, Rightmove expects market conditions to stabilise and forecasts moderate price growth and stronger buyer activity in 2026.Read more

15 Dec 2025

Jaypee Infratech Limited has received Occupancy Certificates for five more towers at its Kensington Boulevard Apartments project in New Delhi, covering 423 residential units. With this approval, the developer has now secured certificates for 31 towers comprising 3,135 homes, marking steady progress in project delivery. Applications have also been submitted for 11 additional towers with over 1,000 units, with approvals expected soon. The company said it remains focused on meeting timelines outlined in its resolution plan and fulfilling homebuyer commitments. Under the current management, construction activity has accelerated, with tenders awarded for all remaining towers and work progressing to enable timely handovers.Read more

15 Dec 2025

The Airports Authority of India’s high-frequency radar at Dahisar in Mumbai will be relocated to Gorai, a move set to free up around 1,000 acres of land across 6 km for affordable housing projects. The decision, agreed upon by the Civil Aviation Ministry, Maharashtra government, and other stakeholders, aims to overcome building height restrictions imposed by radar installations in Dahisar and Juhu. Over the next five years, an estimated 50,000 homes are expected to be constructed or redeveloped, improving housing availability, urban infrastructure, and employment opportunities in North Mumbai.Read more

15 Dec 2025

Godrej Properties has recorded housing sales bookings of over INR 2,600 crore in Hyderabad within its first calendar year of operations, marking a strong entry into the city's residential market. The developer launched its first project in Kokapet earlier this year, followed by a second residential development, both of which saw healthy demand for premium and luxury homes. The company sees Hyderabad as a high-growth market backed by stable regulations, infrastructure expansion and steady end-user demand. Godrej Properties plans to scale operations further, backed by new land acquisitions in Kokapet and Kukatpally, strengthening its long-term residential pipeline in the city.Read more

15 Dec 2025

Dubai's residential property market is expected to remain on a growth path through 2026, supported by strong population inflows and limited availability of completed homes. While off-plan prices are likely to see steady, moderate gains, the secondary market is set to outperform due to tight supply in established locations such as Dubai Marina, Business Bay and JLT. Rising expatriate arrivals, stable economic growth and investor-friendly visa policies continue to drive housing demand. Infrastructure upgrades, low inflation and healthy rental yields are further strengthening buyer confidence. Despite new supply planned over the next two years, demand is expected to outpace additions, sustaining price momentum across key residential markets.Read more

15 Dec 2025

Satya Group, in partnership with Maple Group, has announced a new luxury residential project in Gurugram, named Levante Residences. Spread over 5 acres in Sector 104 along Dwarka Expressway, the development will feature three towers comprising 488 units. The project involves an investment of around INR 1,600 crore for land and construction, with expected sales revenue of INR 2,000 crore. Satya Group has previously developed 12 million sq ft across major cities including Delhi, Gurugram, Noida, Bengaluru, Goa, Indore, Bhatinda, and Patiala, while Maple Group has delivered over 50 million sq ft of residential, commercial, and hotel projects in the NCR.Read more

15 Dec 2025

The NCLT has approved separating CHD Vann from the insolvency case of CHD Developers, giving landowner Roots Developers full control to revive the long-delayed housing project in Gurugram’s Sector 71. Launched in 2014, the 10-acre project includes 569 units but stalled after CHD Developers entered insolvency, leaving buyers waiting for over a decade. Under a settlement with Edelweiss ARC, Roots will pay INR 22.9 crore to clear claims and take over all rights to the project. The developer plans to finish construction, deliver homes to existing allottees and sell remaining units to fund completion. The move offers relief to buyers and supports revival of stalled projects in the region.Read more

15 Dec 2025

Realia Business SA has awarded a construction contract valued at 15.3 million EUR to FCC Construccion for the development of 47 residential units in Tres Cantos, Madrid. The contract, approved by Realia’s board, reflects the company’s ongoing focus on expanding its housing portfolio in strategic locations around the Spanish capital. FCC Construccion, a leading construction firm, will manage the entire development. This collaboration underscores Realia’s commitment to timely and high-quality project execution, meeting growing residential demand in the region while leveraging the technical expertise of an experienced construction partner.Read more