11 Oct 2025

The Odisha Real Estate Appellate Tribunal (OREAT) recently upheld a homebuyer's complaint against a city-based developer in Andharua. The buyer had alleged delayed possession, missing occupancy and fire safety certificates, and non-provision of promised amenities. Despite paying INR 47.84 lakh, he received possession nearly 20 months late in August 2021 without the required certifications. The tribunal directed the builder to pay interest, obtain valid occupancy certificates, deliver all promised amenities, and facilitate the formation of an allottees' association, reinforcing the protection of homebuyers under RERA.Read more

10 Oct 2025

India's housing market continued its moderate growth trend this year, with the All-India House Price Index (HPI) rising 3.6 percent year-on-year in the first quarter of FY2025-26, according to data released by the Reserve Bank of India. The index, now calculated with a new base year of 2022-23, reflects price movements across 18 major cities. Nagpur, Chandigarh, Chennai, and Kochi recorded the highest sequential price gains, while the overall quarterly increase stood at 2 percent. The inclusion of eight additional cities has broadened the coverage of the updated index.Read more

10 Oct 2025

The Noida Authority has announced plans to take action against developers who have failed to comply with the Uttar Pradesh government's policy on stalled housing projects. This includes attaching and auctioning the assets of defaulting builders. The policy aimed to revive stalled projects by allowing developers to pay 25% of their dues upfront and the remaining 75% over three years, with interest waivers. Many developers have not followed these terms, leading the authority to withdraw interest waivers and pursue asset attachment measures to ensure homebuyers can complete their property registrations.Read more

10 Oct 2025

DRA Homes has acquired 4.38 acres of land at Chembarambakkam along the Chennai-Bengaluru Highway, investing INR 50 crore, with projected sales of INR 650 crore. The company plans a mid-segment residential development spanning one million sq. ft., incorporating Gold-rated Green building principles and energy-efficient design. The project will offer homes for long-term residents and flexible short-term stays, along with community amenities like a clubhouse, swimming pool, sports courts, and landscaped spaces. Positioned in a high-growth corridor near industrial hubs and upcoming infrastructure, the project aims to meet India's mobile population's evolving lifestyle needs.Read more

10 Oct 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Monarch and Querish Builders to pay INR 5 lakh to homebuyer Mohammed Sayyed Noorul Hassan for mental agony and additional expenses caused by delayed possession of his flat in the Gaurav Legend project, Oshiwara. Hassan had booked the flat in 2013, paying INR 34.7 lakh of the INR 41.7 lakh price, with possession promised in May 2016. The builder's delay forced him to pay rent for years while managing chronic health issues, prompting MahaRERA to order compensation beyond earlier interest payments.Read more

10 Oct 2025

The Lucknow Development Authority's Atal Nagar and Sardar Vallabhbhai Patel housing schemes have drawn significant attention from buyers, reflecting a strong demand for affordable housing. Atal Nagar offers 2,496 flats in Devpur Para with prices starting at INR 9.82 lakh, while Sardar Vallabhbhai Patel provides 72 flats in Dalibagh at INR 10.70 lakh. Within three days, over 5,600 website visits were recorded, leading to more than 2,300 booklet purchases and 117 registrations. Online registration for both schemes is open until early November.Read more

10 Oct 2025

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has filed a First Information Report against ASGI Properties Pvt. Ltd. for allegedly submitting a forged order to banks to secure loans for its Apple Tower S-2A & S-2B project in Greater Noida. Investigations confirmed that no such order was ever issued by UP RERA. The A.S.G. Apple Buyers Association had earlier flagged the promoter's deceptive practices, highlighting attempts to mislead allottees and financial institutions using fabricated documents. The case is now under police investigation.Read more

10 Oct 2025

Tata Housing has launched Tower 14 (Phase 1C) at its New Haven project in Bahadurgarh, following strong sales of over 450 units in previous Phase 1C towers within a month. The new tower offers thoughtfully designed 2 and 3 BHK apartments, IGBC Silver Pre-certified, emphasizing sustainable development. Bahadurgarh's transformation, aided by Urban Extension Road-II, improved metro connectivity, upcoming commercial hubs, and the Bahadurgarh Master Plan 2041, has made it one of NCR's fastest-growing real estate destinations. The launch reflects Tata Housing's commitment to quality, timely delivery, and value-driven residential solutions.Read more

10 Oct 2025

India's eight key housing markets recorded a modest 1% rise in sales during the July-September quarter, indicating sustained demand but hinting that the residential property market could be approaching a peak. Sales for the year so far have slightly declined by 1% to 2,57,804 units. Factors such as lower mortgage rates, strong economic growth, tax benefits, and improved consumer confidence due to GST rationalisation have supported housing demand. Luxury and ultra-luxury segments are showing early signs of slowdown, prompting experts to encourage developers to focus more on affordable housing.Read more

09 Oct 2025

UK house prices rose by 1.3% over the past year to September, marking the slowest annual growth since April 2024, as economic and tax uncertainties weighed on the market, according to Halifax. Prices fell by 0.3% compared with August, contrary to expectations. London recorded a 0.6% rise, while Northern Ireland saw the highest growth at 6.5%. Analysts said high borrowing costs, a slowing jobs market, and speculation about property tax increases were curbing housing demand. Nationwide data showed slightly higher annual growth of 2.2%.Read more

09 Oct 2025

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved eight new real estate projects, collectively valued at INR 1,948 crore. These developments will deliver 3,005 residential and commercial units across Lucknow, Prayagraj, Agra, Jhansi, Noida, and Firozabad. UP RERA Chairperson Sanjay Bhoosreddy noted that these approvals reflect growing trust and stability in the state's real estate sector, supporting both housing growth and economic progress while enhancing investor confidence.Read more

08 Oct 2025

The Delhi Development Authority is preparing to hand over 1,400 flats at Kathputli Colony by March 2026, marking a major step in Delhi's first in-situ slum rehabilitation project. The redevelopment, initially delayed due to legal challenges and resident opposition, now progresses with fire safety and utility approvals underway. Beneficiaries have been identified, and allotments will be done through a draw of lots. The project, covering 5.2 hectares under a PPP model, relocated thousands of artisans and their families from transit camps, offering them structured housing after decades of informal settlements.Read more

08 Oct 2025

In a landmark move for India's real estate sector, CREDAI-MCHI, under the leadership of President Sukhraj Nahar, has hosted the Real Estate Leaders' Convergence - a first-of-its-kind event uniting major industry bodies like NAREDCO, BDA, and PEATA. The initiative aims to foster unity, streamline regulations, and enhance Ease of Doing Business across Mumbai's real estate ecosystem. A Joint Task Force will coordinate reforms, push for faster approvals, and ensure transparency through digitization. Key discussions focused on coordinated planning among agencies and restructuring premium payments for better cash flow. The convergence marks a new era of collaborative leadership, policy alignment, and sustainable growth for the MMR's real estate sector.Read more

08 Oct 2025

The Navi Mumbai International Airport (NMIA), set to be inaugurated by PM Modi on October 8, 2025, marks a defining moment in India's infrastructure journey. Developed by Adani Airports and CIDCO, NMIA will boost connectivity, ease congestion at Mumbai Airport, and drive economic and real estate growth across Panvel, Ulwe, Taloja, and beyond. Supported by projects like the Atal Setu, the Alibaug-Virar Multimodal Corridor, and the new metro and rail links, the region is transforming into a high-potential investment hub. Experts expect property prices to rise 20-25% in key micro-markets, cementing Navi Mumbai's position as India's next major urban and real estate powerhouse.Read more

08 Oct 2025

Home sales in the Greater Toronto Area (GTA) reached an eight-month peak in September, with 5,765 units sold, marking a 2% month-over-month increase and the highest since January. Despite rising sales, home prices softened slightly to CAD 971,500 (USD 695,668), continuing a trend of flat or declining prices since November last year. Year-over-year, sales grew 8.5%, new listings rose 4%, and the price index fell 5.5%. Analysts suggest that recent Bank of Canada rate cuts could ease mortgage payments and encourage further market activity.Read more

08 Oct 2025

India has inaugurated its first 3D concrete-printed rural house at the Central Building Research Institute (CBRI) in Roorkee, Uttarakhand, under the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G). Built in under a week at an estimated cost of INR 1.8 lakh using eco-friendly cement mixes that incorporate fly ash and bagasse ash, the prototype offers a fast, affordable, and sustainable housing solution. Combining traditional knowledge with advanced 3D printing technology, the model provides durability, scalability, and essential amenities, setting a precedent for future rural housing projects.Read more

07 Oct 2025

Brigade Enterprises Ltd has entered into a Joint Development Agreement to build a 6.6-acre residential project in West Chennai, with an estimated Gross Development Value (GDV) of INR 1,000 crore. The Bengaluru-based company aims to strengthen its presence in Chennai, its second-largest market, through this venture. The city's real estate sector has shown consistent growth, supported by infrastructure development and demand from homebuyers and investors. The project reflects Brigade's strategy to expand its portfolio while tapping into high-growth housing markets.Read more

07 Oct 2025

Manglam Group has launched a redevelopment project, Manglam Rajanigandha, in Borivali (West), Mumbai, investing INR 100 crore on 80,000 sq ft of land. Developed through Manglam & Karnani Ventures LLP, the project is expected to generate INR 150 crore in revenue. It will offer 80 apartments, with half allocated to existing residents and half for sale. Founded in 1997, Manglam Group has delivered over 35,000 homes and operates in the hospitality sector. The project is planned for completion by mid-2026, marking the company's strategic entry into Mumbai's redevelopment sector.Read more

07 Oct 2025

The Department of Town and Country Planning (DTCP) has launched a sealing drive in Sushant Lok 2 and 3 to address unauthorized commercial activities and structural violations. Over 60 properties had been issued restoration orders, but many owners did not comply within the 10-day deadline. The drive targets homes operating businesses such as salons, guest houses, and coaching centres, as well as properties with stilt and setback violations. DTCP officials emphasized zero tolerance for repeated offenders, aiming to maintain planned development, reduce congestion, and restore residential land use discipline in licensed colonies.Read more

07 Oct 2025

Housing prices in Delhi-NCR recorded a substantial annual increase of 24 per cent during the July-September period, driven by high demand for luxury residences and well-planned lifestyle projects, according to real estate consultant Anarock. The average price in the region rose to INR 8,900 per sq ft from INR 7,200 per sq ft last year. Among seven major Indian cities, Delhi-NCR witnessed the highest growth, while Mumbai remained the costliest market. Experts attribute this rise to enhanced infrastructure, growing affluence, and changing buyer preferences prioritising quality living spaces and modern amenities.Read more