25 Nov 2025

Lucknow Police has strengthened 'Operation Pehchaan' by holding landlords accountable if tenants involved in criminal activity are found to be living in their properties without proper verification. With the city seeing a surge in migrant inflow, authorities say some offenders have been renting homes using false identities. Tenant registration is now mandatory through the police website or the UPCOP app, to be completed before move-in or within a month. Police will verify details through physical checks, and landlords must keep copies of key documents. Rules for foreign nationals require Form C submission and prompt reporting. Regular reviews by ACPs, ADCPs and DCPs aim to ensure strict compliance.Read more

25 Nov 2025

County Group has purchased a 5-acre land parcel in Noida's Sector 151 through a state-conducted auction for about INR 475 crore, according to people aware of the transaction. The developer intends to build a low-density residential project featuring only 226 units across more than 11 lakh sq ft of development area. The company has been expanding aggressively, having delivered over 40 lakh sq ft in 2024 and launched significant luxury projects earlier this year in Noida and Ghaziabad. Rising land values in Noida-Greater Noida, buoyed by strengthened infrastructure, continue to shape the region's real estate momentum.Read more

25 Nov 2025

U.S. existing home sales increased in October as lower mortgage rates encouraged buyers, though high home prices and unemployment continue to constrain the market. Sales reached a seasonally adjusted annual rate of 4.10 million units, slightly above forecasts, and first-time buyers accounted for 32% of transactions. Home inventory rose 10.9% year-over-year, but remains below pre-pandemic levels, with the median home price at USD 415,200. All-cash transactions grew, while distressed sales remained steady. Experts emphasize that first-time buyer participation still falls short of levels needed for a strong market.Read more

25 Nov 2025

Grovy India Ltd., a South Delhi-based real estate developer listed on the BSE, has expanded its project pipeline to 1,89,000 sq. ft., covering both ongoing and upcoming luxury independent-floor developments. Its Q2 FY26 update shows 1,42,000 sq. ft. under construction and 47,000 sq. ft. in future projects, aligning with rising demand for high-end redevelopment in prime neighbourhoods. The company also reported sharp financial growth, with net profit up 1180% and revenue rising 1142%. Strong interest in South Delhi's luxury floors, supported by steady price appreciation and limited supply, continues to drive redevelopment. Grovy India aims to strengthen its presence in this premium micro market.Read more

25 Nov 2025

Sobha Ltd has entered the Mumbai housing market with the launch of 'SOBHA Inizio', its first residential project in the city. The 1.038-acre development will offer 310 apartments priced between INR 2.8 crore and INR 5.75 crore, in partnership with the landowner. While project costs and revenue projections were not disclosed, the launch comes on the back of Sobha's strong performance, including its highest-ever sales bookings of INR 3,981.4 crore in the first half of the fiscal year. The company's Q2 net profit nearly tripled to INR 72.52 crore, supported by higher income. With significant deliveries across 27 cities, the Mumbai entry marks a strategic step in its national expansion.Read more

25 Nov 2025

MahaRERA has introduced a new SOP to speed up compensation recovery for homebuyers, following directions from the Bombay High Court. Developers must pay compensation within sixty days, failing which homebuyers may file a non-compliance application. Persistent defaulters will be required to disclose their assets, and recovery warrants may be issued for attachment of properties. Cases of continued refusal may be sent to the Principal Civil Court, where developers could face up to three months' imprisonment.Read more

25 Nov 2025

Embassy Developments is set to launch six residential projects in North Bengaluru with a combined Gross Development Value (GDV) of about INR 103 billion. These projects include premium RERA approved developments within the Embassy Springs township, as well as a villa community across 116 acres. This move aligns with the company's broader FY26 ambitions to launch ten projects with a GDV target of INR 220 billion, building on the momentum of its merger and recent balance sheet strengthening.Read more

25 Nov 2025

The Enforcement Directorate (ED) has attached a commercial plot valued at around INR 108 crore belonging to Vatika Limited as part of an ongoing money-laundering investigation linked to investor complaints. The case began after several FIRs were filed in 2021 with the Delhi Police's Economic Offences Wing, accusing the company and its promoters of misleading investors and failing to complete multiple projects. About 659 investors are reported to have invested nearly INR 248 crore in four projects that remain incomplete without conveyance deeds. The ED had earlier attached assets worth INR 68.59 crore in the same matter.Read more

25 Nov 2025

Trehan Iris has entered a strategic partnership with boutique fitness and wellness brand Knox to embed a full-scale wellness experience into its upcoming residential project in Gurugram. The development will feature an exclusive Knox Studio offering high-performance training, mindful movement sessions and community-focused wellness activities. The collaboration aims to set a new benchmark for luxury living by blending architecture, fitness and social engagement. Trehan Iris says the initiative reflects its commitment to creating balanced, community-oriented environments, while Knox will bring its design-led, precision training philosophy to a residential setting for the first time. Residents will benefit from customised programmes led by certified trainers, combining physical and mental well-being.Read more

24 Nov 2025

Sadbhavna Vruddhashram, the Rajkot-based institution known as the world's largest free old-age home, announced two large-scale initiatives during a Mumbai press interaction earlier this week. The organisation revealed plans to plant 151 crore trees across India and to construct a new seven-tower, 11-storey elderly care complex costing INR 400 crore at Rampar on the Rajkot-Jamnagar Road. Donors, including the London-based Nagrecha-Radia family, contributed INR 108 crore towards the project. Alongside these developments, Pujya Morari Bapu's Ramkatha is currently under way in Ghatkopar to support the charitable mission.Read more

24 Nov 2025

The Karnataka High Court has upheld the Enforcement Directorate's (ED) attachment of Flat 7A in Kingfisher Towers, Bengaluru, finding that the property legally remains with United Breweries Holdings Ltd (UBHL) and not with the purchaser. The court rejected the claim that an unregistered agreement to sell conferred title, ruling that ownership had not passed without a registered sale deed. It agreed with the ED that the flat could be treated as 'proceeds of crime' under the Prevention of Money Laundering Act (PMLA), reinforcing the agency's long-running asset-recovery effort in the Vijay Mallya case.Read more

24 Nov 2025

MHADA has submitted a detailed proposal to the state government to boost affordable rental housing across the Mumbai Metropolitan Region. The plan, presented by MHADA CEO Sanjeev Jaiswal, recommends cost-reducing incentives such as 0.5 additional FSI in Mumbai city and 0.3 in the rest of MMR, along with a 50% share of development charges for societies to use as a corpus fund. Key tax benefits include full property-tax waiver for five years, reduced tax for the next five, INR 500 stamp duty, and complete state GST waiver. The proposal also suggests low-interest financing and income-tax exemptions. MHADA estimates the framework could enable over 50,000 rental units by 2030.Read more

23 Nov 2025

City Developments Ltd (CDL) has completed the sale of its U.S. multifamily asset, 1250 Lakeside in Sunnyvale, for USD 143.5 million. The company confirmed the divestment earlier this week as part of its ongoing effort to manage its international portfolio more efficiently. The Sunnyvale property has been one of CDL's rental housing holdings in the U.S., a market where the group has selectively adjusted its exposure in recent years. The sale also reflects continued investor interest in residential assets across Silicon Valley, where rental demand has remained strong.Read more

22 Nov 2025

New market data highlights how Dubai's rental market is shaped by its multicultural population, with more than 200 nationalities choosing neighbourhoods that match their lifestyle, culture and budgets. The analysis by fam Properties, supported by DXBinteract data, shows clear demographic patterns across 10 major residential areas, ranging from South Asian-majority zones like Al Warsan First and Jebel Ali First to European-preferred locations such as Jumeirah First, Al Wasl and Dubai Creek Harbour. Indian and British nationals remain the most widespread groups across the city, while Lebanese and Egyptians are the most prominent Arab expatriate tenants.Read more

Mr. Vivek Mohanani, Managing Director and CEO of Ekta World

22 Nov 2025

Mumbai's evolving skyline reflects a major shift driven by widespread redevelopment across its prominent western suburbs. Ageing, low-rise buildings are gradually giving way to contemporary luxury homes designed for long-term value creation. Homebuyers who once viewed luxury primarily as a lifestyle choice now see redeveloped properties as instruments of wealth preservation and generational security. With land scarcity, enhanced amenities, better infrastructure, and rising demand for safer and future-ready homes, redevelopment has become central to reshaping the city's urban fabric. This renewed appeal is supported by improved policies, growing investor confidence, and a broader focus on sustainable neighbourhood transformation.Read more

21 Nov 2025

Britain's government announced earlier this week that planning applications for new homes located close to railway stations would receive an automatic go-ahead, provided they comply with defined criteria. The measure forms part of the Labour government's push to accelerate homebuilding and address persistent planning barriers. Although the administration has set a target of constructing 1.5 million homes before the next general election in 2029, official forecasts issued earlier this year indicated it was likely to fall short. The proposal also introduces stricter oversight on council rejections of large housing schemes.Read more