28 Sep 2025

Navi Mumbai International Airport (NMIAL) has secured accommodation for its personnel by entering into an agreement with Wadhwa Group to take 405 ready-to-move-in flats at Panvel in the Mumbai Metropolitan Region. The arrangement, made under a leave and licence agreement, ensures residential facilities for employees and their families as the airport prepares for inauguration in the coming weeks. The move reflects growing housing demand in the region ahead of the airport's operational launch.Read more

28 Sep 2025

The Allahabad High Court's Lucknow bench has expressed concern over a single bench order that stayed the demolition of an illegal building in Khurram Nagar. The division bench has summoned the records to examine the urgency of the petition, which was filed under Article 226 rather than Article 227 of the Constitution. The matter stems from a 2016 public interest litigation, involving repeated violations of demolition orders by the builder. The next hearing is scheduled for later this month, with directives to the Lucknow Development Authority (LDA) to ensure accountability.Read more

28 Sep 2025

The Karnataka High Court recently struck down a 2020 circular issued by the Karnataka Real Estate Regulatory Authority (K-RERA) that sought to retrospectively impose a delay fee on real estate developers for late submission of quarterly updates and annual audit statements. The court highlighted that such fees require legislative backing and cannot be imposed solely through administrative orders. The judgment reflects the importance of statutory authorization in financial regulations and provides relief to developers who faced penalties without clear legal sanction.Read more

28 Sep 2025

The festive season has brought cheer to homebuyers, as the combination of tax reliefs, reduced home loan rates and attractive festive offers from developers has significantly lifted market sentiment. Experts suggested that mid and premium housing segments would witness the strongest momentum, backed by reforms such as GST rationalisation and RBI's cumulative rate cuts. Developers have rolled out festive schemes ranging from discounts to gifts, making the period more favourable for property investments.Read more

28 Sep 2025

The Real Estate Regulatory Authority (RERA) in Bihar has ordered Agrani Homes to refund INR 1 crore to 18 homebuyers of the PK Villa Project. The refund will be shared in proportion to the amount each buyer had invested. The authority has also allowed the landowner of the project, who deposited INR 1 crore with RERA, to cancel the development agreement with the builder. Refunds will be processed via RTGS once buyers submit bank details and documents. RERA Bihar has already facilitated refunds of nearly INR 6 crore in similar cases over the past few months.Read more

28 Sep 2025

Vietnam's Prime Minister Pham Minh Chinh has urged the government to increase housing construction to address rapidly rising real estate prices that have made homeownership difficult for many citizens. Apartment prices in key cities, including Hanoi and Ho Chi Minh City, have risen 5.6% this year, averaging 80 million dong (USD 3,028) per square metre, while the average annual salary remains 98.4 million dong. The government plans to simplify development procedures, reduce costs for developers, support social housing projects, and ensure loans at reasonable interest rates.Read more

27 Sep 2025

Housing demand in India's top seven cities softened in July-September, with sales projected to fall 9% year-on-year to 97,080 units, according to Anarock. Seasonal factors like monsoons and the Shradh period impacted volumes, though transaction values rose 14% to INR 1.52 lakh crore, driven by premium and luxury housing. Mumbai, Pune, Delhi-NCR, and Hyderabad saw double-digit declines, while Bengaluru dipped marginally. In contrast, Kolkata rose 4% and Chennai surged 33%. Average prices increased 9% to INR 9,105 per sq ft, while unsold stock edged down slightly. Analysts expect festive season demand, stronger GDP growth, and GST 2.0 reforms to revive momentum in coming quarters.Read more

27 Sep 2025

The Odisha Real Estate Regulatory Authority (ORERA) has introduced revised guidelines to improve the efficiency of its Conciliation and Dispute Resolution (CDR) cell. These guidelines focus on resolving disputes between homebuyers, promoters, and agents under the Real Estate (Regulation and Development) Act, 2016. The framework sets out procedures for initiating conciliation, timelines for resolution, fees, and the binding nature of agreements. ORERA's move reflects its ongoing effort to make real estate regulation more transparent, reduce legal delays, and ensure fair treatment for all parties involved in the state.Read more

26 Sep 2025

Navi Mumbai International Airport has taken 405 flats in Panvel from the Wadhwa Group for airport staff and their families. These ready-to-move-in units in Wadhwa Wise City will be available on a leave-and-license basis starting October 2025, ahead of the airport's expected inauguration next month. The arrangement allows temporary occupation without transferring ownership. With rising demand for apartments, bungalows, and plots in the area, the partnership addresses staff accommodation needs and reflects how major infrastructure projects can stimulate residential growth in Panvel and surrounding parts of the Mumbai Metropolitan Region.Read more

26 Sep 2025

The Greater Bengaluru Authority (GBA) is set to launch a mobile application to simplify e-khata submissions for property owners, complementing the existing online and Bengaluru One centres. The app will allow property owners and their authorised representatives to submit applications directly using essential documents such as property sale deed, tax receipts, Aadhaar number, encumbrance certificate, Bescom bill, and property photographs. Since October last year, around 7.5 lakh final e-khatas have been issued, reflecting growing adoption of digital property management in Bengaluru.Read more

26 Sep 2025

The Municipal Corporation of Ludhiana has demolished an unauthorised colony in Mundian Kalan on the orders of Commissioner Aaditya Dachalwal. The Zone B building branch led the drive, dismantling structures built without approvals and targeting the developer responsible. This action is part of a wider crackdown on illegal construction, with four unauthorised buildings in Model Town and Kochar Market also razed last week. Officials stressed that residents must secure sanctioned building plans before starting projects. By dismantling unapproved colonies and warning violators, the civic body aims to uphold urban planning norms, curb unregulated development, and ensure stricter compliance across Ludhiana.Read more

26 Sep 2025

The Maharashtra government has approved redevelopment of 4,973 flats in SVP Nagar colony in Andheri West under MHADA, spread over 498 plots. MHADA will redevelop 98 housing societies built in 1993 under a World Bank scheme. Seven societies have already been fully redeveloped and three are under construction. The remaining 82 societies, housing about 2,666 families, will come under the plan. The project will follow BMC's rules and include modern amenities, improved housing space, and upgraded infrastructure to enhance living standards.Read more

25 Sep 2025

Shah Rukh Khan's residence, Mannat, has received legal approval to continue its renovation after the National Green Tribunal dismissed an appeal challenging the project. The renovation includes adding two upper floors and complies with Coastal Regulation Zone norms. The property, a Grade III heritage site in Bandra, Mumbai, was originally built in 1914 and purchased by Khan in 2001. The family has temporarily relocated to a rented duplex during the renovation, which is expected to be completed within the next year.Read more

25 Sep 2025

The Supreme Court directed Business Park Town Planners Ltd. to refund over INR 43 lakh to a plot buyer, increasing the interest rate from 9% to 18% in line with the interest the builder charged on delayed payments. The buyer, Rajnish Sharma, had booked a plot in 2006 and paid a significant upfront amount, but possession was delayed, and additional charges were demanded. The court emphasized fairness and accountability, highlighting that builders must face consequences for defaulting on contractual obligations.Read more

25 Sep 2025

Samsung has introduced its AI Home concept in Mumbai, bringing together intelligence across appliances, devices, and services to create a connected living space. Demonstrated at the company's flagship store in Jio World Plaza, the system shows how lights can turn on automatically when a person arrives, air conditioners can adjust to sleep mode, and washing machines can recommend the right cycles. Powered by SmartThings, it integrates Galaxy AI, Vision AI and Bespoke AI, with a focus on privacy and security. India's R&D centres play a key role in developing these innovations.Read more

25 Sep 2025

Germany's home prices rose 3.2% in the second quarter, continuing a three-quarter streak of growth, though values remain 9% below 2022 levels amid high interest rates and inflation. Residential property shows signs of recovery, while office and retail spaces remain under pressure due to remote work and online shopping. Germany's property sector is a major economic contributor but has faced challenges from tighter financing and rising costs. Insolvencies have risen 33% this year, reflecting ongoing liquidity risks and highlighting the fragile state of the broader real estate market.Read more

25 Sep 2025

The Supreme Court has approved the Central Bureau of Investigation (CBI) to register six new cases involving alleged fraudulent activities between banks and builders, which have impacted homebuyers in Mumbai, Bengaluru, Kolkata, Mohali, and Prayagraj. This follows earlier permissions for the CBI to probe 22 similar cases in the National Capital Region (NCR). The investigations focus on builders under the subvention scheme, where banks directly pay builders, while homebuyers may face EMI demands even before possession. The court has directed the CBI to submit reports to the appointed amicus curiae.Read more

25 Sep 2025

Mahindra Lifespace Developers Ltd (MLDL), part of the Mahindra Group, has been chosen to execute two society redevelopment projects in Chembur, Mumbai, with a combined gross development potential of nearly INR 1,700 crore. Covering 2.6 and 1.8 acres in the Diamond Garden locality, the projects will deliver modern, sustainable homes with upgraded community amenities. MLDL's Chief Business Officer, Vimalendra Singh, said redevelopment is central to the company's growth strategy in high-demand areas. Well-connected to Navi Mumbai, Thane, BKC, and Powai, the sites benefit from the upcoming Diamond Garden Metro Station and improved infrastructure, positioning them strongly within Mumbai's evolving real estate market.Read more

25 Sep 2025

Parsvnath Developers Ltd announced that it had partnered with Emperor Infratech to complete an integrated township spread across nearly 113 acres in Rajpura, Punjab. The development, which includes plots, group housing, commercial complexes, clubs, and schools, has all necessary licences in place. Under the arrangement, Emperor Infratech will oversee the development, marketing, sales, and maintenance, ensuring timely possession for existing buyers while managing the sale of unsold inventory. Parsvnath emphasised its focus on executing current projects, highlighting its record of having delivered 68 projects.Read more