15 Dec 2025

Bhumika Group has launched The Icon, a large mixed-use real estate project in Faridabad with an investment of INR 700 crore. The development will include premium residential homes along with commercial spaces, with total sales potential estimated at around INR 1,500 crore. All housing units will be launched in the first phase, while a hotel tower with serviced suites will be added later, strengthening the project’s hospitality component. Planned for completion over a little more than four years, the project is located on a key growth corridor with improving NCR connectivity. The launch aligns with Bhumika Group’s broader investment plans in Faridabad, where it is expanding its presence through retail hubs and integrated township developments.Read more

14 Dec 2025

Britain’s housing market has slowed following the recent budget, with RICS reporting new buyer enquiries dropping to -32% in November, the weakest level since September 2023. Much of the survey was completed after the government announced a planned annual tax on homes worth over £2 million, set to begin in April 2028. While the high threshold limits immediate impact, leaked budget details also dampened activity. RICS noted the market has struggled for momentum due to affordability pressures and high borrowing costs. House price readings improved slightly to -16%, suggesting moderate adjustments. Overall, demand remains cautious, especially for high-value properties.Read more

14 Dec 2025

The Department of Town and Country Planning (DTCP) in Gurugram carried out a major enforcement drive earlier this week against unauthorised colonies developing close to the KMP Expressway. Officials cleared illegal plotting across nearly 8.3 acres in the Sultanpur revenue area by removing DPC structures, internal roads, boundary walls and a dealer office used to mislead buyers. The department also acted on a citizen complaint to demolish an unauthorised shop inside a Sector 50 housing society. The recent action reflects DTCP's ongoing efforts to check unapproved development along high-demand corridors.Read more

14 Dec 2025

Canada saw a slight increase in its household debt-to-income levels in the past quarter, reflecting the continued pressure on families from borrowing costs and slower income growth. The debt-to-income ratio inched up to 174.8%, indicating that households owed nearly 1.75 times their disposable income. National net worth recorded a modest rise to about CAD 19.38 trillion, although per capita net worth dipped to around CAD 462,747. These movements highlight ongoing financial strain on individual households despite overall national balance sheets remaining stable.Read more

14 Dec 2025

Casagrand has made its international debut with the launch of Casagrand Hermina, a USD 120 million luxury residential project in Dubai Islands. The Chennai-based developer plans to build around 6 million sq ft of premium homes and mixed-use spaces across the UAE over the next three years. Casagrand Hermina will offer 131 upscale residences in a waterfront district, featuring spacious layouts, private pools, jacuzzis and modern design elements. The project is located in Dubai Islands, a key focus area under the Dubai 2040 Plan, with strong future connectivity and lifestyle infrastructure. The launch marks Casagrand's first step toward building a long-term global presence.Read more

14 Dec 2025

The Punjab and Haryana High Court has overturned the Chandigarh Housing Board's rejection of jhuggi dwellers & applications under the Chandigarh Small Flats Scheme, 2006. The court observed that applicants were denied an opportunity to be heard and notices were not issued, violating natural justice. It directed the administration and housing board to re-examine these applications and pass a reasoned decision within two months. The ruling reinforces the right to housing under Article 21 and ensures that dwellers who previously faced procedural lapses receive fair consideration for rehabilitation in Chandigarh.Read more

14 Dec 2025

The Maharashtra government has ordered an inquiry into repair tenders for nearly 16,000 old cessed buildings in South Mumbai after bids were found to be 100-140% below estimated costs. Lawmakers warned that such unusually low bids could let contractors illegally add floors and profit from selling flats. Additional Chief Secretary Aseem Gupta will review the contracts, with the state confirming that any violations will lead to cancellations. The legislator also urged lifting the stay on amendments to Section 79A of the MHADA Act, which would let authorities acquire unsafe buildings. The issue is critical as many pre-1969 structures face structural risks ahead of the monsoon.Read more

14 Dec 2025

Berkeley recorded a 7.7% decline in pre-tax profit for the first half of its fiscal year, reaching USD 338 million, while home deliveries fell to 2,022 units at an average price of £570,000. The drop was influenced by high borrowing costs, cautious buyer sentiment, and new luxury home taxes. Despite these challenges, the company retained its annual guidance of £450 million and outlined plans to launch a build-to-rent platform in 2026, indicating confidence in London’s long-term housing demand and strategies to diversify revenue streams.Read more

13 Dec 2025

In Vadodara, the planned draw for 2,700 houses under the Pradhan Mantri Awas Yojana was postponed by a day, prompting beneficiaries to protest at the Sir Sayajirao Nagargruh town hall. Although the Vadodara Municipal Corporation said it sent multiple messages about the postponement, many applicants claimed they did not receive or see these alerts. Some had taken leave from work and were worried about losing wages if they had to return for the rescheduled draw. The protests highlight ongoing concerns about communication and delays in housing allotments.Read more

13 Dec 2025

Telangana has unveiled an ambitious long-term housing plan that aims to create a steady supply of affordable homes through a public-private partnership (PPP) model by 2047. The initiative invites private developers to work with state agencies to design, build and maintain housing for lower and middle-income families. By combining public land with private capital and expertise, the state hopes to overcome funding delays and speed up delivery. The extended timeline allows phased development aligned with urban growth, infrastructure upgrades and changing housing needs. The plan focuses on providing affordable, well-connected and amenity-rich homes, encouraging developers to deliver quality housing through efficient design and scale.Read more

13 Dec 2025

The Enforcement Directorate has raided six locations of Bhuvan Teza Infra in Hyderabad over money-laundering linked to pre-launch Happy Homes flats at Shamirpet. Around INR 80 crore was collected from nearly 300 buyers between 2020 and 2023 without delivery of flats or refunds. TG RERA had earlier penalised the company, declared it a defaulter, and ordered refunds with 11% interest. The director and two employees were arrested in 2024. The case highlights financial, regulatory, and legal accountability in Telangana's real estate sector.Read more

13 Dec 2025

Neworld Developers has appointed UHA as the lead architect and design partner for Northern Hills, its flagship township project in New Goa. Spread across 52 acres near Mopa International Airport, the gated development is planned as a low-density, villa-plotted community focused on sustainable and nature-led luxury living. The project blends Goan terrain with contemporary design and will feature forest lounges, wellness spaces, infinity-pool clubhouses and nature trails. UHA brings global design experience from cities such as Dubai and Paris, supporting Neworld's aim to create an internationally benchmarked residential destination. The partnership marks a key milestone as master planning and detailed design move forward in one of Goa's emerging growth corridors.Read more

13 Dec 2025

Signature Global’s premium residential project Sarvam, located at DXP Estate in Sector 37D, Gurugram, has received Vastu compliance certification from Sayash Vastu. Spread across 13.55 acres, the wellness-focused development has been designed around harmony, natural elements and community-centric planning. The evaluation covered site orientation, zoning, layouts and entrance placement to ensure alignment with traditional Vastu principles while meeting modern living needs. Inspired by the five elements, Sarvam aims to promote balance and well-being. Co-Founder Lalit Aggarwal said the certification reflects the firm’s commitment to creating harmonious, resident-focused environments. Located along the fast-growing Dwarka Expressway corridor, the project caters to demand for premium, wellness-oriented homes.Read more

13 Dec 2025

A new 336-hectare township is set to launch in Harnandipuram within the next five months, offering a planned mix of residential development and supporting infrastructure. The project will include internal roads, civic amenities, utility networks and open spaces, aiming to create an organised, community-focused township rather than piecemeal growth. Early buyers may benefit from pre-launch pricing and access to well-designed amenities. The development is also expected to enhance local connectivity and improve overall living standards by introducing structured urban planning across a large land parcel. Once completed, the township is likely to serve as a modern residential hub for the surrounding region.Read more

12 Dec 2025

The Maharashtra government has introduced a revised occupancy certificate amnesty scheme to resolve long-pending OC issues affecting nearly 20,000 buildings in Mumbai. Announced by Deputy Chief Minister Eknath Shinde, the move is expected to benefit over 10 lakh residents who have faced double property taxes, limited loan access and lower resale values due to missing certificates. The scheme allows penalty-free applications for six months, with reduced charges thereafter, and offers concessions on regularisation premiums. Residents will also gain full redevelopment rights, while hospitals and schools in unauthorised structures will receive relief. The government plans to extend similar measures to other cities, aiming to ease legal hurdles and stabilise Mumbai's housing market.Read more

12 Dec 2025

Ajmera Realty has made a strong entry into Mumbai’s Vikhroli micro-market with the launch of Phase 1 of Ajmera Solis, recording around INR 427 crore in day-one sales. The project saw 81% of its launched inventory sold, with 324 homes booked across 1BHK, 2BHK and 3BHK formats. Located along the Eastern Express Highway, the development offers easy access to key business hubs and unobstructed views of mangroves, hills and the city skyline. Backed by its first private equity partnership, the project is financially closed and positioned for fast execution. Ajmera Solis also stands out as a Triple Net Zero certified development, combining sustainable design with mid-segment pricing.Read more

12 Dec 2025

The Punjab Governor has reviewed key housing and development projects in Chandigarh, signalling a push to speed up urban expansion and strengthen residential infrastructure. Officials shared progress updates on ongoing housing schemes, civic works and township developments, while the Governor stressed the need for timely approvals, quicker execution and adherence to environmental and planning norms. He also sought detailed plans and realistic timelines for upcoming projects. Authorities assured that bottlenecks related to clearances, connectivity and compliance were being addressed. The review aims to boost confidence among homebuyers and developers, promising faster project delivery, improved amenities and a more responsive regulatory environment in Chandigarh.Read more

12 Dec 2025

Delhi’s Chief Minister has announced the redevelopment of EWS housing flats in Bhalswa and Jahangirpuri, aiming to transform the ageing clusters into a model settlement. The plan focuses on rebuilding substandard structures and providing modern, well-designed homes supported by safer infrastructure, better amenities and improved neighbourhood layouts. Residents have long faced issues such as poor maintenance, overcrowding and inadequate facilities, making the proposed overhaul a significant step toward better living conditions. The upgraded flats are expected to offer improved ventilation, open spaces, sanitation and connectivity. If executed transparently and on time, the project could uplift thousands of low-income families and set a benchmark for future public housing renewals.Read more