04 Dec 2025

The Odisha Real Estate Appellate Tribunal (REAT) has rejected a public-sector bank's plea to auction a stalled housing project near Bhubaneswar. The project, mortgaged in 2014 for a loan of INR 4.6 crore, was taken over by the bank under the SARFAESI Act after repayments stopped, and auction notices were issued in 2020. Homebuyers had already paid significant amounts but never received their flats. REAT ruled that once the bank assumed control, it effectively became the promoter and remained bound by RERA regulations. The tribunal directed ORERA to find a way to complete the project, offering long-awaited relief to affected allottees.Read more

03 Dec 2025

Bengaluru's civic authorities have introduced a rule requiring plinth-line marking and a foundation certificate before any construction can begin. Approved plans must be digitally accessible to ward engineers and field staff for verification, and inspections will monitor compliance. A formal complaint and inspection system has been established for unauthorised construction. Confirmed violations trigger time-bound demolition orders, with costs charged to property owners. Officials allowing illegal construction face departmental action, and appeals will not delay enforcement unless a court stay is obtained, aiming to ensure orderly and transparent urban development.Read more

02 Dec 2025

Target Healthcare REIT has acquired three care homes for GBP 45 million, reinforcing its strategy of expanding in the healthcare property sector. The deal includes a forward commitment, supporting long-term rental income and growth potential. The REIT continues to focus on operationally efficient, high-quality care homes across the UK, targeting assets that meet regulatory standards and market needs. With the demand for well-managed care facilities rising due to an aging population, such acquisitions are expected to provide stable returns. This purchase adds to the company's consistent record of strategic, income-generating healthcare investments.Read more

02 Dec 2025

Ahmedabad Municipal Corporation's standing committee has reviewed proposals for 17 new high-rise projects across Bodakdev, Thaltej, Ambli-Bopal, Science City Road, Gota and Shilaj, reflecting growing demand for residential, commercial and mixed-use spaces in the city's expanding western corridors. Together, these projects will add about 2,000 homes and 2,300 commercial units, while AMC has already earned nearly INR 250 crore through permissions and related charges. This year, AMC also issued its first Building Use certificate for a residential tower exceeding 100 metres on Science City Road, signalling Ahmedabad's shift toward vertical growth. The cluster of seven skyscraper proposals in Bodakdev further reinforces its emergence as a major high-rise development hub.Read more

01 Dec 2025

China's new home prices recorded a quicker month-on-month increase in November, reflecting selective improvement in the primary housing market. However, secondary-market prices continued to fall as high listing volumes and weak buyer sentiment kept pressure on valuations. The survey by China Index Academy highlighted that the broader property sector remains under strain, with developers still coping with the liquidity challenges that began in 2021. Although several supportive steps were introduced in the second half of 2024, major new stimulus has not been introduced this year. Policymakers may consider easing purchase rules and reducing transaction costs to stabilise demand.Read more

01 Dec 2025

Lodha Developers is preparing a substantial expansion for the latter half of the ongoing fiscal, outlining plans to introduce 15 residential projects valued at INR 14,000 crore across the Mumbai Metropolitan Region, Pune and Bengaluru. The company, which has already launched projects worth INR 8,300 crore in the first quarter and INR 4,900 crore in the second quarter, indicated in its recent investors' presentation that it remains on course to achieve its FY26 pre-sales guidance of INR 21,000 crore. Lodha also reported steady growth in sales bookings and is exploring a pilot entry into the Delhi-NCR market.Read more

01 Dec 2025

Godrej Properties is aggressively expanding its land bank this fiscal, targeting acquisitions that could generate up to INR 30,000 crore in development potential. The firm has already crossed its interim guidance of INR 20,000 crore, with key purchases in Nagpur (75 acres) and South Bengaluru (30 acres) contributing to this growth. With strong first-half sales bookings up 13 per cent year-on-year the company is confident of achieving its annual sales-booking target of INR 32,500 crore. Historically, Godrej has executed land acquisitions across major metro regions and tier-II/III cities to balance group housing and plotted development.Read more

01 Dec 2025

Nagpur Municipal Corporation is set to auction 113 properties worth INR 141 crore to recover around INR 1.9 crore in unpaid property taxes. The auctions, scheduled between December 12 and January 16, cover properties in multiple zones including Sitabuldi, Lendra Park, Zingabai Takli, Gorewada, Indora, Borgaon, Mankapur, Ajni, Somalwada, Khapri, Pardi, Hiwri, Subhedar Layout, and Sakkardara. The initiative is part of NMC's ongoing strategy to enforce tax compliance and enhance municipal revenue, following previous auctions earlier this year targeting overdue payments from other properties.Read more

01 Dec 2025

Authorities in Gurugram have moved to register an FIR against Ornamental Realtors Pvt Ltd for not renewing its commercial colony licence for a 3.5-acre project in Sector 61. The licence, originally issued in 2009, expired in 2017, but the developer did not apply for renewal or pay the required fees. Officials also found that the company had not uploaded mandatory compliance reports on the official portal. A notice issued in October did not result in any action from the builder, prompting authorities to proceed with legal steps.Read more

30 Nov 2025

Haryana RERA has directed MRG Infrabuild to reinstate a flat in The Meridian, Gurugram, and pay delay compensation at 10.9% per annum. The buyer had already paid more than the total sale price, but the builder cancelled the allotment citing defaults and imposed extra post?Covid demands, later acknowledged as system errors. HRERA found the cancellation invalid, as the promoter failed to provide required notice and missed possession timelines. The authority ordered reinstatement within 30 days and interest payment within 90 days, reinforcing buyer protection in affordable housing.Read more

30 Nov 2025

Kolkata's premium residential market witnessed a sharp rise in supply and absorption earlier this year, according to Nklusive's H1 2025 Premium Real Estate Market Report. The consultancy observed that premium homes priced between INR 1.5 crore and INR 5 crore recorded heightened demand, with active projects increasing from 24 to 34 over the past year. Marketable supply nearly doubled, and South Kolkata led overall inventory distribution. Larger units, particularly 3 BHK and 4 BHK formats, saw notable sales growth, reflecting a shift towards spacious, amenity-rich living among high-end homebuyers.Read more

30 Nov 2025

The Chandigarh Housing Board's proposal to introduce plotted residential development at the Rajiv Gandhi Chandigarh Technology Park has been stalled after the urban-planning department rejected the request on the grounds of violating the city's master plan. The move marks another setback to CHB's long-pending attempts to initiate housing on the 123-acre land parcel, originally reclaimed nearly a decade ago after a prolonged dispute. The board's earlier group-housing scheme had also faced environmental hurdles, and the latest objection now forces CHB to reconsider how the strategically located IT Park land can be used.Read more

29 Nov 2025

Dubai's ultra-luxury villa segment has evolved into a stable global asset class, with strong demand for AED 40M+ trophy homes and rising activity in the AED 70M-100M range. fam Properties' analysis shows resales now outpacing new sales, driven by limited supply in prime locations such as Palm Jumeirah, Emirates Hills and MBR City-the city's 'Golden Triangle of Wealth.' Transactions have surged from 27 in 2020 to 242 in 2024, with total value rising more than 1,700% to AED 15.98B. Emerging areas like Palm Jebel Ali, Tilal Al Ghaf and The Oasis are expected to host AED 100M+ villas after handovers in the coming years, signalling broader market expansion.Read more