25 Sep 2025

Kerala Chief Minister is set to inaugurate two housing complexes in Mattancherry, near Fort Kochi, built to rehabilitate 394 slum-dwelling families under the Rajiv Awas Yojana. One tower, developed by Kochi Corporation at a cost of INR 41.74 crore, spans 11 floors with 199 flats, parking, lifts, a sewage plant, anganwadi, and 14 shops. The second, built by Cochin Smart Mission Ltd for INR 44.01 crore, has 195 units across 13 floors, rooftop solar panels, and 18 shops. Together, they provide compact 300-350 sq ft flats with modern facilities. Ancillary infrastructure is pending, but once approvals are cleared, families will gain dignified new homes.Read more

24 Sep 2025

Hero Realty, through Vikas Parks Pvt. Ltd., has acquired 8.71 acres of land in Sector 99, Mohali, for INR 262.75 crore via a GMADA auction. The land will be developed into a new residential project, expanding the company's footprint in the Tricity market. Hero Realty already operates Hero Homes in Sector 88, where Phase 1 with 544 units is complete and handed over, Phase 2 with 650 units is under possession, and the final phase was launched last week across the 18.5-acre township. The Sector 99 acquisition underscores the developer's strategy to strengthen its residential presence in the high-demand Mohali market.Read more

24 Sep 2025

The Bhendi Bazaar Redevelopment Project in Mumbai, driven by the Saifee Burhani Upliftment Trust (SBUT), is being recognised as one of India's most ambitious cluster redevelopment initiatives. Spread across 16.5 acres, it is replacing over 250 unsafe buildings with modern, sustainable towers while preserving the area's cultural and commercial character. More than 25,000 residents, most of them tenants, are being resettled as homeowners in well-planned apartments with improved amenities. The transformation extends to wider roads, green podiums, parking for thousands of vehicles, and sustainable features such as rooftop solar energy and native tree plantations.Read more

24 Sep 2025

NAREDCO Maharashtra entered into a landmark Memorandum of Understanding with 41 Channel Partner associations across the Mumbai Metropolitan Region for the upcoming Realtors Conclave, part of HOMETHON Property Expo 2025. Supported by Hiranandani Communities and Labdhi Lifestyle, this initiative unites over 35,000 channel partners, aims for INR 25,000 crore-plus in sales, and introduces a first-ever International Pavilion showcasing premium global real estate projects to Indian investors and buyers.Read more

24 Sep 2025

Bengaluru-based Catena Homes India Pvt Ltd is under investigation for allegedly defrauding tenants and homeowners of nearly INR 25 crore through fraudulent leasing practices. Police have registered seven FIRs across areas including Varthur, Parappana Agrahara, and Electronic City. Three individuals-Naveen, Raman, and Ranjith-have been arrested, while director Vivek Keshavan remains absconding. Complaints say tenants paid large sums for rentals only to find owners unpaid or properties unavailable. Authorities estimate 70-80 people may be affected, with cases likely to be handed over to the CID. The scandal highlights risks in Bengaluru's property management sector and the need for stronger oversight to protect tenants.Read more

24 Sep 2025

A special court in Mumbai has issued summonses to Prathamesh Developers, its partner Pravin Raut, and Jitendra Mehta of Mehta Developers in connection with the Patra Chawl redevelopment project. The Enforcement Directorate (ED) has charged the accused with money laundering, alleging they diverted funds and sold Floor Space Index (FSI) rights, instead of constructing flats for the tenants. The case involves financial irregularities in the redevelopment of the 47-acre Patra Chawl in Goregaon, which was intended to provide homes to 672 tenant families.Read more

24 Sep 2025

The Uttarakhand High Court has upheld a RERA order requiring Paratus Real Estates to deposit half of the penalty amount before filing its appeal, rejecting the promoter's request to limit the deposit to thirty per cent. The order followed RERA Dehradun's directive to refund two homebuyers with accrued interest for delays in project delivery. The court clarified that the legislation must be interpreted strictly to safeguard consumer rights, thereby reinforcing the accountability of real estate developers under Indian regulatory law.Read more

24 Sep 2025

The Goa government has decided to regularise residential plots allotted under the 20-Point Programme for economically weaker sections. District collectors in North and South Goa are now authorised to issue Class I sanads directly, simplifying the process for beneficiaries. Plots with dwellings will be converted to Class I occupancy after payment of a premium, while vacant or unutilised plots will revert to the government. This move addresses longstanding challenges related to legal clearances, occupancy classification, and access to financial assistance for allottees.Read more

24 Sep 2025

The Haryana Real Estate Regulatory Authority (HRERA) has directed Sarv Realtors to return INR 41.6 lakh with 11.1 percent interest to a couple who were denied timely possession of a 3BHK flat in Supertech Hues, Sector-68. The property was booked in 2014 under a possession-linked plan, with delivery due by 2017, yet the project remained incomplete well beyond the contractual deadline.Read more

24 Sep 2025

Mumbai is witnessing one of its largest urban transformations, with redevelopment emerging as a central force behind the city's housing supply. Old cessed buildings and ageing societies are being replaced by modern high-rises that offer safety, sustainability, and lifestyle upgrades. Policy incentives, developer interest, and strong demand are driving projects across South Mumbai, Central areas, and the suburbs, despite regulatory hurdles, rising costs, and civic pressures. Experts underline that transparency, discipline, and timely execution are key to building trust and unlocking value.Read more

23 Sep 2025

Dubai's property investors were advised not to base their decisions only on forecasts of price corrections linked to new housing supply. Analysts such as Fitch and Moody's recently suggested a possible 15% decline in values by the end of this year or early next. However, fäm Properties' CEO Firas Al Msaddi highlighted that the market is far more complex, urging investors to track broader indicators like demand, sales activity, rent levels, and liquidity instead of focusing solely on scheduled deliveries.Read more

23 Sep 2025

The Supreme Court of India has ruled that borrowers lose their right to redeem mortgaged property once an auction notice is published under Section 13(8) of the SARFAESI Act. The Court clarified that this rule applies even to loans taken before the 2016 amendment, if the default happened after September 2016. The judgment addressed confusion created by conflicting provisions in the Act and its Rules. It overturned a Madras High Court order in the KPK Oils and Proteins India Pvt Ltd case, while also asking the government to review inconsistencies in the law to avoid further disputes.Read more

23 Sep 2025

House of Abhinandan Lodha (HoABL) has committed INR 200 crore to an affordable housing project in Naigaon, Mumbai, in collaboration with Mittal Builders. The 12-acre development will be executed in two phases over five years, aiming to deliver approximately 1.4 million square feet of residential space. Additionally, HoABL plans to expand its affordable housing initiatives by identifying seven more sites across the Mumbai Metropolitan Region, including one near the upcoming Navi Mumbai International Airport. These projects will be joint ventures with landowners, targeting a combined development potential of over 2 million square feet.Read more

23 Sep 2025

NAREDCO Maharashtra has announced the fourth edition of the Homethon Property Expo, scheduled to be held later this week at the Jio World Convention Centre, BKC, Mumbai. With more than 50,000 registrations already recorded, the event is expected to see unprecedented participation. Featuring a newly introduced mascot, over 1,000 projects, exclusive financing schemes, and the concurrent Real Estate Forum, the expo is positioned as a key platform for developers, policymakers, and buyers alike.Read more

23 Sep 2025

Brigade Enterprises has signed a joint development agreement to build a new residential project in Banashankari, 5th Stage, South Bengaluru. Spread across 7.5 acres, the project carries a gross development value of around INR 1,200 crore, reflecting its sales potential. Founded in 1986, Brigade Group is one of India's leading real estate developers with a presence in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City. Its portfolio spans residential, office, retail, and hospitality segments.Read more

23 Sep 2025

Housing sales in India's top nine cities fell 4% year-on-year last quarter to 1,00,370 units, marking the tenth straight decline, according to PropEquity. New launches remained muted at 92,229 units-flat annually but down 10% quarter-on-quarter. Maharashtra markets, including Mumbai, Navi Mumbai, Thane and Pune, drove the contraction with drops of 6-28%, though Pune still led with 17,762 units sold. Bengaluru saw sales rise 21%, while Chennai and Kolkata posted 16% and 25% growth. Launches surged in Kolkata (173%) but slumped in Delhi-NCR and Chennai. PropEquity expects about 4 lakh launches and 4.5 lakh sales for the year, with festive demand likely to drive recovery.Read more