4 hours ago

A consumer forum in Ghaziabad has directed a group of builders to refund INR 7 lakh to a homebuyer after delays in handing over a residential unit. The order follows a complaint citing prolonged non-delivery beyond the agreed possession timeline. The forum held the developers accountable for deficiency in service, reinforcing legal protections available to homebuyers in delayed projects. The ruling adds to a series of recent decisions by consumer courts and regulatory authorities emphasising timely delivery obligations in the real estate sector. It highlights the continued use of legal recourse by buyers amid project delays and strengthens enforcement of contractual commitments by developers.Read more

10 hours ago

Housing projects built under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) in Vadodara are facing structural and maintenance-related deterioration, with residents reporting worsening living conditions across multiple sites. Constructed between the mid-2000s and early 2010s for economically weaker sections, over 21,000 units have been impacted by issues such as seepage, faulty drainage, and falling plaster. Concerns have intensified following incidents of structural damage, including one fatality linked to falling ceiling material. While the Vadodara Municipal Corporation (VMC) maintains that core structures remain safe, residents and activists have questioned construction quality and upkeep. The situation highlights ongoing challenges in the long-term sustainability and maintenance of public housing projects across Indian cities.Read more

26 Apr 2026

ReaRCo Private Limited has acquired KV Developers through the insolvency process at the National Company Law Tribunal, enabling the revival of the long-delayed KVD Wind Park project in Greater Noida West. Backed by approximately INR 195.50 crore funding from the SWAMIH Fund, the company plans to invest a total of around INR 250 crore to complete construction. The resolution is expected to facilitate delivery of nearly 650 units and provide relief to about 400 homebuyers who have been awaiting possession for over a decade. Construction across five towers is already at an advanced stage, with significant utilisation of funds. The project has also been made debt-free following settlement of outstanding dues, highlighting the increasing role of institutional interventions and government-backed funding in resolving stalled residential developments across India.Read more

26 Apr 2026

Casagrand introduced ‘Casagrand Zodiac’, a 764-unit residential project in West Mogappair, Chennai, positioned within an education-centric micro-market. Spread across 8.8 acres, the development allocates nearly 75% to open space, including a 52,000 sq ft central park. The project offers 2, 3 and 4 BHK units and is priced at INR 5,199 per sq ft. It features 114 amenities and a 25,300 sq ft clubhouse. Located near established schools such as DAV Boys Senior Secondary School and Velammal Matriculation Higher Secondary School, the project targets family buyers prioritising academic proximity, while also benefiting from connectivity to Ambattur, Anna Nagar and key employment hubs.Read more

Sachin Bhandari, CEO and Executive Director, VTP Realty

26 Apr 2026

India’s luxury housing market recorded an estimated 85 per cent year-on-year growth across the top seven cities, with over 7,000 units sold in the first half of the year, driven largely by high-net-worth individuals and non-resident Indians. Buyers are increasingly focusing on long-term value, lifestyle quality, and asset stability rather than pure opulence. Demand is shifting towards projects offering smart home integration, sustainability features, and strong infrastructure access. While Mumbai and Delhi-NCR remain key markets, Bengaluru and Pune are emerging as preferred destinations due to economic growth and liveability, with luxury real estate increasingly positioned as a strategic investment asset.Read more

25 Apr 2026

Inspira Realty has secured the Occupancy Certificate for its residential project ‘Gurukripa’ in Chembur, marking the completion of its first development six months ahead of the committed timeline. The project, located in Sindhi Society, comprises 98 apartments across two wings, offering 1, 2 and 2.5 BHK configurations. The development has been fully sold prior to handover, indicating sustained demand in established Mumbai micro-markets. The early completion highlights the developer’s focus on execution timelines and delivery. The project’s location offers connectivity to key infrastructure and commercial areas, reinforcing Chembur’s position as a stable residential market with consistent buyer interest.Read more

25 Apr 2026

Platinum Corp commenced construction of its premium residential project, Platinum Stellar, in Santacruz West, Mumbai, following a bhoomi poojan ceremony held during the past week. Positioned as a low-density development with an estimated topline of around INR 300 crore, the project will offer bespoke residences ranging from 2,500 sq ft to 10,000 sq ft. Designed in collaboration with Sussanne Khan, the development focuses on customised layouts, curated amenities, and design-led living. Located on Main Avenue, the project targets high-end homebuyers and investors seeking exclusive assets in established micro-markets, reflecting continued demand for differentiated luxury housing in Mumbai’s western suburbs.Read more

Santosh Agarwal, Executive Director & CFO, Alpha Corp Development Limited

25 Apr 2026

Delhi-NCR’s luxury real estate segment has recorded a 72% increase in residential prices over the past three years, according to ANAROCK, positioning it as a key growth driver within the region’s property market. Once a niche category, luxury real estate is now expanding across residential, commercial and mixed-use developments, supported by rising high-net-worth individual (HNI) demand, returning NRI investments and evolving buyer preferences. Regulatory reforms under RERA and ongoing infrastructure upgrades, including the Dwarka Expressway and Noida International Airport, have further strengthened market confidence. Developers are increasingly shifting towards high-margin luxury inventory with improved construction standards. The segment is expected to see continued momentum in 2026, driven by sustained demand and controlled supply strategies.Read more

Mr. Mukesh Kumar, Founder & Director of M-Sanvi Real Estate Pvt. Ltd.

25 Apr 2026

India’s first-time homebuyer segment has undergone a structural shift, driven by rising property prices, changing work patterns and greater financial awareness among younger buyers. Typically aged between their late twenties and mid-thirties, this cohort is taking a more cautious and research-driven approach to homeownership, often delaying purchases to build financial stability. A widening gap between income growth and residential price appreciation continues to impact affordability, with most buyers relying heavily on home loans and remaining sensitive to interest rate fluctuations. Preferences are also evolving, with demand shifting towards peripheral locations offering better value and connectivity rather than central urban areas. Improved transport infrastructure, especially metro connectivity, has become a key determinant in purchase decisions. Additionally, digital platforms have enabled buyers to make more informed comparisons, while government incentives offer limited but important support. Overall, first-time buyers are increasingly viewing their initial purchase as a stepping stone rather than a permanent residence.Read more

24 Apr 2026

Manasum Senior Living plans to invest approximately INR 150 crore to develop a senior living project in Chennai, marking its continued expansion in India’s organised senior housing segment. The project, to be developed in collaboration with VNCT Global, will span 4.5 acres and include 92 villas and 36 apartments. Unit configurations range from sub-1,000 sq ft villas to compact 1BHK apartments, targeting independent senior residents. Alongside this development, the company has outlined a broader investment plan of INR 550 crore to expand its footprint across South and West India. The move comes amid growing demand for structured senior living communities, driven by demographic shifts, evolving family structures, and increasing preference for managed residential formats among ageing populations.Read more

24 Apr 2026

Vedaanta Senior Living plans to invest around INR 200 crore in Kerala over the next three years as part of its expansion strategy in the senior housing segment. The company has launched a new project, Eden Gardens, in Ettumanoor near Kottayam with an initial investment of INR 50 crore. The development includes villas and apartments targeting senior residents, with prices starting from INR 76 lakh. The expansion builds on the company’s existing presence in Kochi and Guruvayur, reflecting growing demand for organised senior living communities in southern India.Read more

23 Apr 2026

Canada’s housing starts recorded a decline in the past month, going against market expectations of an increase. Data released by the Canada Mortgage and Housing Corporation showed a 6 per cent drop compared to the previous month, with the annualised pace falling below economist estimates. The slowdown reflects a weaker-than-expected construction trend despite earlier momentum. The revised figures for the previous month were also highlighted, indicating that while activity had been stronger earlier, the latest data points to some moderation in residential development across the country.Read more

23 Apr 2026

Imperial Realty and Developments has introduced Auramah Valley, a luxury second-home project in Himachal Pradesh, targeting growing demand from high-net-worth individuals (HNIs) and non-resident Indians (NRIs). Spread across over 100 acres of pine forest, the development offers 2 to 5 BHK residences with freehold ownership and RERA approval. The project integrates residential, hospitality and managed services, including a boutique hotel and lifestyle facilities, reflecting a shift towards “parallel living” formats. The launch comes amid increasing preference for domestic second homes, driven by urban stress, lifestyle shifts and regulatory complexities in overseas markets. The developer aims to position the project as a fully serviced, long-term residential ecosystem within India’s emerging luxury mountain housing segment.Read more

23 Apr 2026

Sunteck Realty Ltd reported a 27% year-on-year increase in consolidated net profit at INR 63.75 crore for the March quarter of FY26, supported by higher income growth. Total income for the quarter rose to INR 348.88 crore from INR 217.83 crore in the corresponding period last year. For the full financial year, net profit increased to INR 204.36 crore, reflecting a 36% rise, while total income grew to INR 1,168.62 crore from INR 902.67 crore in FY25. The performance indicates continued momentum in revenue realisation for the Mumbai-focused developer, amid steady demand in the residential real estate segment.Read more

23 Apr 2026

Shapoorji Pallonji Real Estate (SPRE) will host a two-day property expo in Gurugram, bringing together residential projects from six major Indian cities, including Mumbai, Pune and Bengaluru. The event will showcase a range of offerings spanning apartments, villas and plots, with ticket sizes ranging from INR 60 lakh to INR 25 crore. The initiative comes amid sustained investor interest and evolving buyer preferences towards multi-city investment opportunities. The expo is designed to enable prospective buyers to evaluate projects across markets, engage with developers and access advisory support at a single platform. The company expects participation from both end-users and investors, reflecting continued traction in residential real estate demand.Read more