08 Dec 2025

UP RERA has informed homebuyers that 129 real estate projects developed by 14 companies are currently under the Corporate Insolvency Resolution Process, and therefore, buyers must submit their claims only to the Insolvency Resolution Professionals appointed by the NCLT. The authority explained that a moratorium under the Insolvency and Bankruptcy Code is in force, which prevents RERA from conducting hearings, issuing orders, or enforcing past directions for these projects. Buyers have been advised to file claims in the prescribed IBBI forms and stay updated through their respective IRPs.Read more

08 Dec 2025

Housing prices along the Dwarka Expressway in Gurugram have increased nearly 3.5 times over the past five years, driven by stronger demand and major infrastructure upgrades. A recent Square Yards report highlights how the corridor has shifted from an emerging stretch to one of NCR's most active residential zones, supported by improved connectivity through the 29-km, 16-lane access-controlled expressway. With around 115 active residential developments and several leading developers present, the area continues to attract homebuyers and long-term investors who are responding to rising liveability and faster access to key parts of Delhi and Gurugram.Read more

08 Dec 2025

President Donald Trump has appointed architect Shalom Baranes to lead the 300 million USD White House ballroom project, replacing James McCrery, who will remain as a consultant. The change follows reported disagreements over the size and design of the ballroom. The planned 90,000-square-foot addition, the largest construction at the White House in decades, has drawn criticism from preservationists and experts. The East Wing was recently demolished to make way for the project. The proposal will eventually be reviewed by the National Capital Planning Commission.Read more

08 Dec 2025

A well-known Nashik builder was taken into custody earlier this week after being accused of cheating flat buyers in a case valued at around INR 23 crore. Buyers had reportedly paid the full amount and taken possession of their homes, but the builder did not execute the sale deeds. Instead, he allegedly mortgaged the same flats to a private finance company to raise funds. When the loan defaulted, the lender initiated auction proceedings, leaving residents shocked and prompting them to file a police complaint.Read more

08 Dec 2025

BMC has decided to rehabilitate residents of MHADA cessed buildings and BMC-owned structures in E-ward to remove barriers to completing Hancock Bridge reconstruction. The bridge, demolished in 2016 and partially reopened in 2022, has faced delays due to pending rehabilitation, legal, and technical issues. With new directives to prioritize residential and commercial relocation and prepare tenders for remaining work, BMC is set to restart construction soon. This effort aims to restore full connectivity, ease congestion, and enhance commuter safety, marking progress in one of Mumbai's long-delayed infrastructure projects.Read more

08 Dec 2025

The Supreme Court granted one-week interim relief to two property owners in Uttar Pradesh, temporarily halting further demolition of their properties. The court directed the petitioners to approach the Allahabad High Court for detailed examination while maintaining the status quo. It emphasized that demolitions require prior notice and adherence to due process, in line with its 2023 guidelines against arbitrary action. The protection does not limit the High Court from hearing the case on its merits, and the petitioners were instructed to file under Article 226 for urgent consideration.Read more

08 Dec 2025

Toronto home sales fell to a five-month low in November, with prices also seeing a modest decline, as economic uncertainty kept buyers cautious. Seasonally adjusted sales dropped 0.6% to 5,620 units, and the home price index fell 0.4% month-over-month to C$971,100 (USD 694,536). Yearly figures show a 15.8% drop in sales and a 5.8% decline in prices. The Bank of Canada's recent interest rate cuts aim to support the economy, but long-term employment confidence remains a key factor influencing housing activity.Read more

07 Dec 2025

H-RERA has ruled in favour of a homebuyer who booked a flat in Chintels Paradiso, Sector 109, Gurugram, where part of the project collapsed in February 2022 and the unit in Tower H was never delivered. The buyer, who filed a complaint in 2023, will receive a refund of about INR 1.705 crore with 10.85% annual interest from the valuation date until payment. The authority also awarded INR 2 lakh for mental distress and INR 50,000 in litigation costs. The order emphasises that when a project becomes unsafe and possession is not granted, developers remain liable under RERA, ensuring meaningful restitution for affected homebuyers.Read more

07 Dec 2025

Mumbai-based Ranbir Real Estate Developers LLP and its directors Jaykumar Gupta and Suyash Gupta are under investigation for allegedly cheating 19 investors of around INR 31?crore. Investors, including family members of a 71-year-old complainant, were promised 18?per cent annual returns on a Jogeshwari East redevelopment project between 2021 and 2023. While initial interest payments were made, the firm stopped payouts after September 2024, and the principal was not returned. The case is now with the Economic Offences Wing of Mumbai Police under criminal sections including cheating and breach of trust.Read more

07 Dec 2025

The Sion-Dharavi region, historically recognised for its dense population and bustling informal industries, is now advancing through one of Mumbai's most ambitious urban renewal efforts. With the Dharavi Redevelopment Project progressing in phases and Sion's connectivity strengthened via major road corridors and upcoming metro links, the locality is evolving into a high-value growth zone. Market expectations suggest a rise in residential and commercial absorption driven by rehabilitated families, new homebuyers, retailers, and SMEs. Urban experts, however, have indicated that the long-term success of the redevelopment will depend on sensitive execution that safeguards livelihoods while enabling large-scale modernisation.Read more

07 Dec 2025

The Bangalore Apartments Federation (BAF), representing over 1,400 RWAs, has urged the State government to introduce the Karnataka Apartment Ownership and Management Act (KAOMA) in the upcoming Belagavi session. BAF says the outdated 1972 Act no longer meets the needs of Bengaluru's growing apartment communities, leaving many homeowners in a 'legal vacuum.' The proposed law seeks clear transfer of ownership and UDS from builders to buyers, defined rules for forming and running owners' associations, and time-bound mechanisms to resolve disputes on conveyance, maintenance and redevelopment. With no dedicated authority for grievance redressal today, BAF says KAOMA is essential to provide clarity, protect owners' rights and modernise apartment governance across Karnataka.Read more

07 Dec 2025

Portugal will fast-track its public housing programme and now plans to build 150,000 new homes by 2030, a major increase from the earlier target of about 59,000. The EUR 9-billion initiative aims to support low-income households struggling with soaring property prices and rents. Funding will come from EU recovery funds, the national budget and European Investment Bank loans. With public housing making up only 2% of Portugal's six-million home stock-one of the lowest shares in Europe-the government is also offering incentives for private landlords, including a reduced 10% rental income tax for lower rents. The move comes amid severe shortages, especially in Lisbon, where prices have surged dramatically.Read more

07 Dec 2025

Alliance City Developers marked a major growth phase last week with multiple project completions and new launches in Vile Parle (East). The developer secured an Occupancy Certificate for Alliance Legacy in Matunga (East) and Completion Certificates for Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East). Alliance Abhimanyu is also nearing possession. Building on this momentum, the company launched two new residential projects-22 Alliance House and Alliance Tanvi-offering premium 2BHK to 4BHK homes. Alliance Tanvi features ready units, modern amenities and strong connectivity. CEO Ankita Luharuka said these milestones reflect the firm's steady, trust-focused approach and long-term commitment to quality housing in Mumbai.Read more

06 Dec 2025

The Supreme Court has ruled that leasing a residential property to a company that uses it as a hostel for students or working professionals does not attract GST. Upholding a Karnataka High Court decision, the Court said GST exemption depends on the property's actual use for long-term residential accommodation, not on whether the lessee personally lives there. The case involved a Bengaluru property leased to D Twelve Spaces Pvt Ltd, where earlier AAR and AAAR rulings had denied exemption. The Court noted that taxing such leases would burden students with higher costs and goes against the intent of the residential exemption. The judgment offers clarity and relief for property owners and hostel operators.Read more

06 Dec 2025

The Himachal Pradesh state assembly has passed the RERA Amendment Bill amid opposition protests and a walkout. The bill shifts the authority to select the RERA chairperson and members from a committee led by the High Court Chief Justice to one headed by the State Chief Secretary. The new panel will include the Housing Department Secretary and the Law Secretary, with provisions for another senior official to step in if needed. The amendment also replaces the five-year term with a fixed, non-renewable four-year tenure. Opposition leaders argued the change reduces judicial oversight and violates the spirit of the central RERA Act, while the government said it will improve efficiency and speed up appointments.Read more

06 Dec 2025

On the 41st anniversary of the Bhopal Gas Tragedy, Pithampur residents have voiced strong opposition to the state government's plan to dispose of 900 tons of ash from incinerated Union Carbide waste at a local plant. Despite assurances from authorities about safe storage and emissions within permissible limits, locals fear environmental contamination and health risks. The Madhya Pradesh High Court has rejected the landfill proposal and asked the government to identify alternative sites. Residents and activists are urging relocation to a safer location to prevent harm.Read more

Maulik Sheth, Managing Director, Sheth Realty

06 Dec 2025

The luxury homebuyer of today has begun to prioritise sustainability as much as aesthetics, prompting developers to embed eco-friendly systems and future-ready technologies into high-end projects. Rising awareness about carbon footprints has pushed green homes from niche preferences to mainstream expectations among affluent buyers. Developers have increasingly incorporated solar installations, rainwater harvesting, reclaimed materials, biophilic architecture, and energy-efficient systems to meet evolving standards. With certifications such as LEED and IGBC Gold becoming modern markers of luxury, premium homes now align wellness, technology, environmental responsibility, and long-term value in a single offering.Read more