27 Jan 2026

Demand and pricing momentum in India's luxury residential market could soften in the next financial year, with over half of affluent buyers anticipating a moderation, according to a survey by India Sotheby's International Realty (ISIR). While 56 per cent of high net worth individuals (HNIs) and ultra HNIs expect the current strength in luxury housing to cool during FY27, broader confidence in India's economic growth remains intact. A majority of respondents continue to back the country's long-term growth trajectory, supported by resilient capital markets and expanding wealth creation. The findings suggest that although buyer sentiment remains positive, the luxury housing segment may move into a phase of measured consolidation rather than aggressive expansion over the coming year.Read more

27 Jan 2026

Real estate developer Elan Group has awarded an INR 840 crore construction contract to Tata Projects for its newly launched luxury residential development in Gurugram. The contract covers construction works for Elan The Statement a high-end housing project located in Sector 49. Spread across six acres, the development will comprise 230 apartments, with Elan Group committing a total investment of around INR 1,600 crore for the project. The developer stated that the appointment of Tata Projects reflects its focus on engineering expertise, execution capability and delivery reliability for large-scale residential developments. With this project, Elan Group aims to strengthen its presence in Gurugram's premium housing segment, while Tata Projects adds another significant residential assignment to its portfolio in the National Capital Region.Read more

27 Jan 2026

DLF Ltd has announced plans to launch its first senior living housing project in Gurugram during the current quarter, marking its entry into the senior housing segment. The project is expected to have an estimated revenue potential of around INR 2,000 crore and forms part of the company's broader residential expansion strategy. Management remains confident about housing demand in Gurugram, particularly for established developers, and has reiterated its pre-sales guidance of INR 20,000-22,000 crore for the ongoing financial year. The company attributed muted sales in the December quarter to the temporary pause in bookings at its ultra-luxury project, The Dahlias, and the absence of new launches. With sales at The Dahlias resuming and multiple launches planned across key markets, DLF expects momentum to improve over the coming quarters.Read more

27 Jan 2026

Embassy Developments Ltd is expecting a sharp rise in residential sales bookings during the current financial year, driven by strong housing demand and fresh project launches in the Mumbai Metropolitan Region. The company's management has indicated that bookings could increase to around INR 5,000 crore, nearly two-and-a-half times the level recorded last year. Momentum has picked up following the takeover of Indiabulls Real Estate, with sales already crossing INR 2,000 crore in the first nine months of the fiscal. New luxury launches in Mumbai and sustained sales in existing projects are expected to support growth. The developer is also investing heavily in completing legacy projects while expanding its footprint in premium residential markets.Read more

27 Jan 2026

New Zealand home prices registered a mild increase in December, supported by stronger sales activity earlier in the month, according to REINZ data released in the past week. Seasonally adjusted median prices rose 0.2 per cent from November and were 1.4 per cent higher year-on-year. Although December is typically a slow period for the housing market, activity levels were higher than seen a year earlier in several regions. The data suggests improving buyer confidence as the market shows early signs of stabilisation after a prolonged downturn.Read more

Gurugram News Desk

26 Jan 2026

The Supreme Court has asked the Haryana government and developer Mahira Buildwell for detailed explanations following allegations of fraud in an Economically Weaker Sections (EWS) housing project in Gurgaon under the Pradhan Mantri Awas Yojana (Urban). Homebuyers claim the developer used forged bank guarantees, fake signatures, and improperly obtained licences while completing only a small fraction of the construction. Authorities, including Haryana RERA, banks, and the town planning department, are also under scrutiny for inaction. The court's review could impact regulatory oversight and homebuyer protection in affordable housing projects.Read more

Mumbai News Desk

26 Jan 2026

The Bombay High Court has instructed civic authorities across Maharashtra not to issue Occupancy Certificates (OCs) for buildings that lack functioning Sewage Treatment Plants (STPs) or proper sewage management systems. The ruling addresses untreated sewage flowing into the Ulhas River from several unauthorized and non-compliant structures in Thane district. The court also directed authorities to identify non-compliant buildings, take action against developers, and ensure accountability among officials who issue OCs in violation of regulations. A further hearing on the matter is scheduled later this month.Read more

26 Jan 2026

The Haryana Real Estate Regulatory Authority (RERA), Gurugram-bench, has issued an advisory urging homebuyers and property investors to conduct transactions only through agents who are registered with the regulator, emphasising the legal and financial risks of engaging unregistered intermediaries. According to the advisory, unregistered agents may make misleading assurances that can lead to disputes and complications later in the transaction process, thereby exposing buyers to potential loss and legal issues. The authority clarified that under the Real Estate (Regulation and Development) Act, 2016, no individual may facilitate the sale or purchase of property in a RERA-registered real estate project without proper registration. It further highlighted that the definition of a real estate agent under the Act encompasses brokers, dealers and other intermediaries who negotiate or introduce buyers and sellers for remuneration. Homebuyers have been advised to verify credentials against the official Gurugram RERA register to enhance transparency and protect their interests.Read more

Hyderabad News Desk

26 Jan 2026

Hyderabad's residential property market concluded 2025 with increased registration activity in December, driven by higher-value homes, according to data from Knight Frank India. Registrations of residential properties in December rose 14% year-on-year, with a total of 6,600 homes recorded, marking one of the strongest months of the year. The aggregate value of homes registered in the month climbed significantly, supported by robust demand for properties priced above INR 1 crore. For the full calendar year, total registrations were slightly lower than the previous year, although the overall value of transactions increased due to a shift towards high-value housing. Premium homes continued to account for a growing share of registrations and transaction value across key micro-markets in the Hyderabad metropolitan region, reinforcing the city's sustained interest among buyers for larger and higher-priced residences.Read more

26 Jan 2026

China's rural banks are struggling to sell a growing number of foreclosed properties despite offering discounts of up to 30%, highlighting the depth of the country's property downturn. Listings on JD.com show sharp increases in bank-led auctions across several provinces, with many properties failing to attract buyers. Falling home prices, weak sales and past developer defaults have eroded collateral values, while maturing COVID-era loans are adding to distressed assets. Analysts warn that foreclosures could rise sharply in the coming years, increasing pressure on banks and the housing market.Read more

25 Jan 2026

India's residential property market recorded a mixed performance last year, with strong demand in southern cities balancing a slowdown elsewhere, according to PropTiger. While overall housing sales across eight major cities fell 12 per cent to about 3.86 lakh units, Bengaluru, Hyderabad and Chennai together saw sales rise 15.5 per cent, crossing 1.33 lakh homes. Chennai led growth with a sharp jump in sales, followed by steady gains in Bengaluru and Hyderabad. Kolkata also reported an increase, while markets such as Mumbai region, Delhi-NCR, Pune and Ahmedabad saw declines. New housing launches dropped to their lowest level since 2021, reflecting a more cautious, supply-disciplined approach by developers aimed at maintaining price stability and avoiding excess inventory.Read more

25 Jan 2026

The Bombay High Court has ordered the demolition of unsafe and unauthorised portions of a 12 storey South Mumbai building after serious safety and planning violations were found. Residents had raised concerns over open ducts, meant for light and emergency access, being converted into rooms and commercial units. The court highlighted missing fire safety systems, unauthorised construction on the top floor, and incomplete Occupation Certificates. Authorities have been directed to issue eviction notices, remove illegal construction, and restore safety compliance to protect residents and public safety.Read more

Lucknow News Desk

25 Jan 2026

The Lucknow Development Authority (LDA) held the third phase of its Anant Nagar Housing Scheme lottery at Indira Gandhi Pratishthan, with 7,429 applications submitted for 637 plots. The draw included five plot sizes in Akash Khand and Adarsh Khand, highlighting steady demand from homebuyers and investors. The scheme is part of LDA's planned township project spanning 800 acres, offering residential plots near key city infrastructure. Earlier phases also recorded high participation. The lottery system ensures transparent allotment and reflects growing interest in organized residential development in Lucknow.Read more

24 Jan 2026

Oscar-winning actor Nicole Kidman has sold one of her luxury Sydney apartments a harbourfront residence with panoramic views of the Sydney Harbour Bridge and Opera House for approximately USD 8.5 million (around INR ~70 crore), marking a profitable exit just two years after purchase. The 15th-floor three-bedroom unit in the prestigious Latitude building at Milsons Point was reportedly bought in 2023 for about USD 7.725 million, netting the actor a healthy gain on investment. Kidman owns multiple properties in the same tower and has been gradually reshaping her global real estate portfolio following the finalisation of her divorce from musician Keith Urban. The buyer is understood to be winemaker David Madson, and though details of future plans for the property aren't public, the sale attracted attention for its premium pricing in Sydney's high-end residential market.Read more