05 Feb 2026

Revenue officials in Gurugram have come under scrutiny after several property registrations were carried out despite explicit prohibition orders issued by the Town and Country Planning Department (TCP). The issue surfaced following the registration of the Bristol Hotel-cum-commercial complex on MG Road, which was processed even after the TCP directed authorities to halt all related transactions. The TCP has sought legal action against the officials involved and flagged similar cases linked to Ansal Buildwell, raising concerns over compliance with planning and registration laws.Read more

05 Feb 2026

The PM Surya Ghar: Muft Bijli Yojana has benefitted over 26 lakh households across India, with the Centre disbursing INR 14,771.82 crore as financial assistance till December 2025. Since its launch in February 2024, more than 20.85 lakh rooftop solar systems have been installed nationwide. Gujarat, Maharashtra and Uttar Pradesh account for the highest number of beneficiaries. The government estimates that large-scale rooftop solar adoption could significantly cut carbon emissions over time, while parallel efforts are underway to strengthen energy storage and global renewable partnerships.Read more

05 Feb 2026

The Uttar Pradesh government has approved mandatory Aadhaar-based authentication for all property registrations across the state, effective from February 1, 2026. The move requires biometric and e-KYC verification of buyers, sellers, executants and witnesses at Sub-Registrar offices. The decision aims to curb land fraud, impersonation and forged registrations, which have led to disputes and litigation in the past. The reform is part of wider efforts to modernise land records, alongside the ongoing digitisation of documents registered between 2002 and 2017.Read more

Mumbai News Desk

04 Feb 2026

Pramit Jhaveri, the former chief executive officer of Citibank India, and his wife, Mukeeta, have acquired a luxury apartment in the Echay House development on South Mumbai's prestigious Carmichael Road, registering the transaction at approximately INR 38.16 crore. Property records show the 2,805 sq ft residence was bought at about INR 1.36 lakh per sq ft, and the deal includes car parking spaces. The purchase was registered in late November 2025, with stamp duty of more than INR 2.28 crore and a registration fee of INR 30,000 paid to complete the process. The deal underscores continuing demand for high-end housing in prime Mumbai neighbourhoods, where limited inventory and strong buyer interest sustain premium pricing. Industry data indicate that India's ultra-luxury segment remained active in the past year, with marquee residential deals concentrated in central and southern parts of the city.Read more

04 Feb 2026

Mortgage approvals in the UK fell to 61,013 in December, marking the lowest level since mid-2024, according to Bank of England data. This decline, below economists forecasts, reflects a slowdown in property transactions following the end of a temporary tax break and pre-budget caution over potential higher levies on expensive homes. Annual house price growth remained modest, with Halifax reporting 0.3% and Nationwide 0.6% increases. While early signs show improving buyer sentiment and retail sales were stronger than expected, the low mortgage approvals indicate the housing market may remain subdued in early 2026.Read more

04 Feb 2026

Asia Pacific real estate buying intentions have reached a four-year high for 2026, driven by stronger rental prospects, easing financing conditions and reduced supply pipelines, a CBRE survey shows. The office segment has become the most preferred asset class for the first time in six years as leasing activity improves. Tokyo continues to lead cross-border investment interest, followed by Sydney, while Hong Kong has re-entered the top rankings. Rising construction costs and geopolitical risks remain key concerns for investors across the region.Read more

04 Feb 2026

Godrej Properties Ltd has recorded residential sales exceeding INR 2,000 crore in the first phase of its luxury housing project, Godrej Trilogy, located in Worli, South Mumbai. The sales milestone has been achieved shortly after the project launch, reflecting sustained demand for high-end residential properties in one of Mumbai's most premium micro-markets. The company has launched homes with an estimated saleable value of around INR 3,500 crore as part of the development. According to regulatory disclosures, close to 100 homes have already been sold since the project was introduced late last year. The strong response underlines the continued appetite for luxury housing in South Mumbai, supported by limited supply, established social infrastructure and strong end-user and investor interest in well-located, branded developments.Read more

04 Feb 2026

New home prices in China increased slightly in January, while declines in the resale market narrowed, reflecting cautious optimism in the property sector. First- and second-tier cities such as Shanghai, Chengdu, and Hangzhou saw high-end housing launches, supporting both monthly and yearly price gains. In contrast, third- and fourth-tier cities continued to face falling prices as inventory remained high. Recent government signals, including reduced reporting requirements under the three red lines policy and calls to stabilize the market, indicate ongoing efforts to support the sector. Sales may dip during the Spring Festival but are expected to rise afterward.Read more

04 Feb 2026

Crest Nicholson, a leading British homebuilder, has reported early signs of recovery in the UK housing market after a period of subdued demand. The company's profit for fiscal 2025 fell short of expectations, but recent activity shows improvement with higher website visits, increased sales inquiries, and stronger January sales as interest rates ease. Operational measures such as job reductions, office closures, and focusing on the mid premium segment have helped stabilise the business. The firm projects modest growth in completions and profits for the coming fiscal year, reflecting cautious optimism.Read more

Delhi News Desk

04 Feb 2026

ASK Property Fund has committed INR 260 crore to a luxury residential project by Kreeva, the real estate platform of the Kanodia Group, in South Delhi. The investment supports the acquisition of a prime land parcel valued at about INR 350 crore and the development of a gated vertical housing project spread over nearly 500,000 sq ft. This marks ASK Property Fund's first vertical residential investment in Delhi. The project will offer large-format apartments and reflects rising institutional interest in premium housing within the city.Read more

03 Feb 2026

India's affordable housing supply has collapsed to a fraction of its former share, according to the Economic Survey 2025-26, raising concerns about housing accessibility for low- and middle-income families in major cities. Homes priced below INR 50 lakh accounted for just 17 per cent of new launches in 2025, down sharply from 52.4 per cent in 2018, the survey found, highlighting a structural contraction in budget-friendly residential supply in top urban markets. Analysts attribute the decline to rising land and construction costs, developers focus on premium segments with higher margins, and restrictive regulatory norms that discourage affordable projects. The squeeze in supply comes at a time of persistent demand for affordable housing, with policymakers and industry voices warning that the shortfall could widen further without targeted fiscal and regulatory interventions to revive the segment.Read more

Gurugram News Desk

03 Feb 2026

Gurgaon's district administration has kicked off the verification process for 6,743 affordable homes reserved for economically weaker sections (EWS) under the Haryana government's urban housing initiative, with 4,728 applicants cleared in the first phase. The 1-BHK flats, priced at a highly subsidised INR 1.5 lakh each, are located in private colonies and high-rise societies, providing access to planned, organised urban housing. Authorities received more than 120,000 applications for the units, and initial checks found a substantial number of submissions valid, advancing them to the next stage. Eligible applicants are required to pay a booking amount to move forward in the allocation process, which will conclude with a draw to finalise allotments. Officials have underscored the transparent conduct of the process and urged applicants to interact only through official channels.Read more

03 Feb 2026

Haryana's affordable housing policy has slowed significantly in NCR cities, particularly Gurugram and Faridabad, due to rising land prices and construction costs. Officials report no new licences for affordable housing projects have been issued in the Gurugram-Manesar Master Plan area for nearly two years, raising concerns about policy effectiveness. With maximum unit prices capped at INR 5,000 per square foot, typical flats cost INR 26-35 lakh, but developers find this unviable. Residents and industry bodies urge pricing revisions and continuous policy support to encourage project launches and address middle-class housing needs.Read more

03 Feb 2026

The Haryana Revenue and Disaster Management Department has asked district administrations to urgently submit missing PAN details linked to high-value property registrations. The move follows a request from the Income Tax Department for complete buyer and seller PAN information for property deals valued above INR 30 lakh, registered between the 2019-20 and 2024-25 financial years. Data has been shared through the Web-HALRIS portal, with several tehsils showing higher pendency. District officials have been directed to monitor and close gaps without delay.Read more

Lucknow News Desk

03 Feb 2026

Lucknow Development Authority has launched Aishbagh Square, a high-rise residential project in the Aishbagh area of the city, marking its entry into premium vertical housing. The project comprises four towers of 27 storeys with 384 large 3-BHK apartments with study areas, each measuring about 1,900 sq ft. Homes are priced from around INR 1.11 crore. Online registration has begun through a lottery system, with construction planned to finish in three years and possession targeted within five years.Read more