28 Dec 2025

The Tamil Nadu government has introduced a relief measure allowing first-time homebuyers to offset stamp duty and registration fees paid on construction agreements against amounts payable during sale deed registration. This applies to first-sale apartments, villas, flats, row houses, and villaments where construction agreements were registered before late November 2023 and composite sale deeds registered afterward. The move prevents double payments under RERA regulations and responds to buyers concerns. Developers note the relief comes late, as many buyers who paid fees earlier may have already completed registration.Read more

28 Dec 2025

KNR Constructions has entered into share purchase agreements with Indus Infra Trust to sell its 100 per cent shareholding, along with sub-debt, in four highway SPVs. The company plans to invest INR 566.83 crore in equity and sub-debt and expects to receive INR 1,543.19 crore from the transaction. The SPAs cover four project entities operating highway assets. The divestment is subject to approvals from authorities and lenders and is expected to be completed by September 30, 2026.Read more

Hyderabad News Desk

28 Dec 2025

Hyderabad's residential real estate market recorded a notable increase in property registrations in November, with 6,923 units registered, marking a 25% rise compared with the same month last year. The total value of homes registered during the month reached approximately INR 4,904 crore, reflecting sustained demand across mid-segment and premium housing categories. Peripheral districts such as Rangareddy and Medchal-Malkajgiri accounted for a significant share of registrations, indicating strong interest in well-connected, emerging residential corridors. The increase in average prices and broad-based transactional activity suggests growing buyer confidence, supported by improved infrastructure and diverse product offerings across the city's housing market.Read more

27 Dec 2025

The West Bengal Real Estate Appellate Tribunal has ruled that homebuyers cannot demand GST refunds from developers when a flat purchase is cancelled and must instead approach the GST department. The decision came while modifying a WBRERA order in a dispute involving a cancelled booking at a Kolkata housing project. The tribunal allowed the promoter to deduct GST already paid to the government and set aside a penalty imposed earlier. The ruling clearly separates regulatory refunds from tax refunds and reinforces that GST recovery is governed by central tax law.Read more

27 Dec 2025

The Madhya Pradesh state cabinet has approved a major four-lane road infrastructure initiative connecting Badwah and Dhamnod at an estimated cost of INR 2,508 crore. The project aims to enhance regional connectivity in the state's western corridor, reduce travel time, improve freight movement and strengthen linkages with national highways. Designed to upgrade the existing two-lane route to a modern four-lane standard, the road is expected to spur economic activity across adjacent agricultural and industrial zones, improving access to markets and services for local communities. The approval underscores ongoing efforts by the state government to prioritise road expansion and logistics efficiency as part of broader infrastructure development goals.Read more

26 Dec 2025

The government is preparing to operationalise the SWAMIH-2 Fund, a INR 15,000 crore initiative aimed at completing around one lakh homes stuck in stalled residential projects. The fund is designed to provide last-mile financing to viable affordable and mid-income housing projects registered under RERA. Building on the progress of the first SWAMIH fund launched in 2019, the new window is expected to ease stress for homebuyers awaiting possession and help unlock liquidity in projects facing funding gaps.Read more

26 Dec 2025

Raajmarg Infra Investment Trust (RIIT), sponsored by the National Highways Authority of India (NHAI), has received approval from the Securities and Exchange Board of India to operate as an Infrastructure Investment Trust. Conceived as a public InvIT, RIIT aims to unlock the monetisation potential of national highway assets while offering a long-term investment avenue for retail and domestic investors. The initiative is expected to widen public participation in India's highway infrastructure growth story and strengthen sustainable funding mechanisms for road development. With institutional backing from leading banks and financial institutions, RIIT marks a key milestone in NHAI's asset monetisation and infrastructure financing strategy.Read more

26 Dec 2025

Unity Small Finance Bank has emerged as the winning bidder for Aviom India Housing Finance after a competitive three-way auction conducted under the Insolvency and Bankruptcy Code. The bank offered an upfront payment of INR 977.5 crore, surpassing bids from Areion and Authum, securing significant recovery for creditors. Aviom had earlier faced insolvency due to loan defaults and regulatory concerns. The auction attracted six initial participants, though only three advanced to the final rounds. The resolution underscores investor interest in affordable housing finance and sets a precedent for structured recoveries in the sector.Read more

25 Dec 2025

State-owned Union Bank of India has reduced its home and vehicle loan interest rates after revising spreads under its external benchmark-linked lending framework. The move is expected to ease borrowing costs for retail customers amid steady credit demand. Separately, Vikran Engineering has secured a large engineering, procurement and construction order from Onix Renewable for utility-scale solar projects in Maharashtra. The contract covers turnkey execution and supply of key equipment within a defined timeline. Together, the developments reflect activity across retail lending and renewable energy infrastructure segments.Read more

Pune News Desk

25 Dec 2025

Pune's residential market continued its strong performance in November, with more than 14,200 property registrations recorded, indicating healthy demand across the city. Stamp duty collections associated with these transactions surpassed INR 565 crore, reflecting solid revenue growth for civic authorities. Demand was broad-based across price segments, with homes priced up to around INR 1 crore accounting for a significant share of activity, while higher-priced units also contributed to overall volumes. Both central and peripheral sub-markets participated in the uptick, suggesting growing buyer interest driven by improved connectivity, employment hubs and lifestyle infrastructure. Through the first eleven months of 2025, Pune's housing transaction and revenue figures are among the strongest in recent years.Read more