09 Sep 2025

The Orissa High Court has ruled that a co-owner of a property can sell their undivided share without requiring consent from other co-owners. The order came after a sub-registrar in Bhubaneswar declined to register such a deed. Justice Ananda Chandra Behera, in his judgment delivered on August 25, clarified that Section 44 of the Transfer of Property Act, 1882, gives each co-sharer the right to transfer their share independently. The court also directed that registration officials must provide written reasons for any refusal, highlighting the need for accountability in land registration practices.Read more

09 Sep 2025

A recent survey by realty consultant Anarock reveals that over 90 per cent of prospective homebuyers are worried about escalating residential property prices. The survey, which included nearly 8,250 participants, found varying degrees of concern, with nearly half expressing high anxiety. Average residential prices have surged by more than 50 per cent over the past two years, prompting most buyers to either delay or reconsider their property purchases. Affordability constraints and limited budget-friendly options are cited as the primary reasons behind the cautious approach.Read more

08 Sep 2025

The Karnataka Housing Board (KHB) has secured cabinet approval for a 43-acre integrated township project in Chikkajala, Yelahanka, under a public-private partnership model. Estimated at INR 2,930 crore, the project will feature multi-storied residences, office spaces, a commercial complex, and a star hotel, with projected net revenue of INR 1,252 crore for KHB. The land, acquired over two decades ago, faced legal disputes, but 43 acres were cleared after owners consented to a 50:50 land-sharing arrangement. The finance department projects total revenue of INR 4,182 crore. Construction will commence once approvals are received from the Bengaluru International Airport Area Planning Authority.Read more

08 Sep 2025

The Competition Commission of India (CCI) has dismissed a complaint against Emaar India Ltd., which alleged abuse of dominance in its Marbella villa project in Gurugram. The complaint focused on Emaar permitting construction of builder floors and non-villa residential units on 97 vacant plots within zones originally marketed as an exclusive "Signature Villa Community." CCI noted that Emaar was not dominant in the market due to multiple other developers operating in the Gurugram villa segment. No contravention of Sections 3 or 4 of the Competition Act was found, and the case has been closed without further investigation.Read more

08 Sep 2025

The Maharashtra Housing and Area Development Authority (MHADA) has opened an online lottery for 478 flats in Nashik, offering affordable housing for the Economically Weaker Section (EWS). The flats, ranging from 215 to 537 sq ft, are priced between INR 5.48 lakh and INR 27 lakh. Spread across six Shivar locations, the lottery allows applicants to register online until early October. This initiative follows earlier MHADA lotteries in Nashik, aiming to increase access to affordable housing in the region.Read more

08 Sep 2025

MahaRERA has resolved more than 5,200 homebuyer complaints between October 2024 and July 2025, ensuring quicker hearings and timely scheduling for pending cases. All complaints filed until the end of July have either been heard or assigned hearing dates. Projects launched before the regulator's formation continue to generate most grievances, while newer projects account for fewer cases. Since its inception, MahaRERA has addressed a majority of the complaints filed. The authority has also tightened project registration checks and introduced hybrid hearings to improve access, aiming to safeguard buyer interests and reduce future disputes.Read more

08 Sep 2025

Shriram Properties Limited has entered into a joint development agreement with a landowner to undertake a housing project on 6.5 acres in North Bengaluru. The premium residential scheme is planned with a saleable area of nearly 0.6 million square feet, carrying a gross development value of around INR 500 crore. The company has a track record of delivering 48 projects across Bengaluru, Chennai and Kolkata, and is presently working on developments spanning 19 million square feet.Read more

07 Sep 2025

In the past week, fresh data revealed a balanced but softening real estate market in Calgary. Home listings have surged, pushing inventories to the highest levels seen in years, while sales have slipped year-on-year. Benchmark and average house prices have largely eased, with apartments and row homes under the most pressure, though detached and semi-detached segments remain relatively stable. The shift toward a more balanced market is providing buyers with better negotiating leverage.Read more

07 Sep 2025

Hema Malini has finalized a deal for two 847 sq ft apartments located on the 31st floor of Oberoi Springs in Andheri West, for a collective INR 12.5 crore. Stamp duty and registration fees totaled INR 31.25 lakh and INR 30,000 per unit, respectively. The purchasers, Fatema Saidi and Mansi Vipul Kazi, paid INR 6.25 crore per flat. The neighbourhood's lasting appeal stems from its connectivity and upscale environment.Read more

07 Sep 2025

The Greater Noida development authority recently approved co-developers to finish three long-delayed group housing projects. Sobha Ltd., Opaa Realty, and Swarnim Buildhome LLP will take over projects originally managed by Atlaspur Construction, Parsvnath Developers, and Aims Golf Town Developers, respectively. These proposals were carefully reviewed by the authority's finance team and a chartered accountant firm. Final approval will depend on each co-developer's funding plan, ability to clear pending dues, and readiness to complete construction.Read more

06 Sep 2025

The cumulative value of real estate transactions in Oman reached RO1.593 billion by the end of July, reflecting a year-on-year decline of 7.9 per cent. Despite this dip, the sector has shown notable resilience, supported by investor confidence, ongoing development projects, and government initiatives aimed at sustainability. While activity has slowed in some segments, demand in residential and commercial assets has provided balance. Analysts indicated that the market remains fundamentally strong and continues to adapt in line with the country's broader economic diversification strategy.Read more

06 Sep 2025

The Lucknow Police have handed over most of the 293 FIRs filed against Ansal Properties & Infrastructure Ltd (APIL) to the crime branch for detailed investigation. These cases, dating back nearly two decades, involve allegations of organised fraud, forgery, land encroachment, and selling mortgaged or disputed land. The Lucknow Development Authority has claimed dues of about INR 400 crore, while RERA has registered over 2,200 complaints, with refund demands crossing INR 235 crore. The transfer of cases is aimed at ensuring a fair and consolidated probe into one of Uttar Pradesh's biggest real estate controversies.Read more

05 Sep 2025

The Toronto housing market showed signs of slowing as home sales in the Greater Toronto Area fell for the first time in five months, while prices edged slightly lower. Monthly price declines or stagnation have continued since last November, keeping affordability a key challenge for average-income households. Despite modest reductions in borrowing costs, many buyers remain cautious. New listings are growing, and experts suggest that further interest rate relief could attract more buyers to the market, which currently has a healthy supply of homes.Read more

05 Sep 2025

The Central Advisory Council (CAC) under the Real Estate (Regulation and Development) Act held its fifth meeting in New Delhi to review eight years of RERA implementation. Union Minister of Housing and Urban Affairs Shri Manohar Lal Khattar launched the Unified RERA Portal, designed to create a national database of projects, enhance transparency, and share best practices across States and Union Territories. Discussions focused on stalled projects, homebuyer complaints, developers' concerns, and ways to strengthen regulatory processes. The council also recommended measures for faster dispute resolution and next-generation reforms in the real estate sector.Read more

05 Sep 2025

India's real estate sector has welcomed the GST Council's recent rate rationalisation, which aims to reduce the tax burden on essential construction materials. Experts noted that lowering GST from 28% to 18% on cement and marble, and from 12% to 5% on granite blocks, will reduce housing costs and benefit homebuyers. Industry leaders highlighted that while construction materials form a portion of total project costs, the reforms are expected to make homes more affordable, stimulate demand, and encourage developers to accelerate projects, particularly ahead of the festive season.Read more

05 Sep 2025

The New Town Kolkata Development Authority (NKDA) has announced measures to curb illegal waste dumping on vacant plots. Fines will range from INR 1,000 to INR 1 lakh, and warning boards will be displayed across affected sites. A dedicated helpline will address complaints regarding construction and demolition (C&D) waste, particularly in high-activity areas like Action Area II and III. NKDA teams will promptly respond to complaints during office hours to ensure proper waste collection. The move aligns with previous efforts by the Bidhannagar Municipal Corporation to maintain cleanliness and public health.Read more