02 Sep 2025

In July, UK mortgage approvals reached 65,352, the highest monthly total since January, signaling a potential stabilization in the housing market after the end of a homebuyer tax break earlier this year. Despite the rise in approvals, Nationwide Building Society noted a decline in house prices for August, reflecting ongoing affordability issues. Consumer borrowing also rose by 7% in the year up to July, marking the largest increase since October 2024. These trends show a mixed picture of recovery, with growth in mortgage activity alongside persistent affordability and borrowing pressures.Read more

02 Sep 2025

Thiruvananthapuram's Karimadom Colony Housing Complex, with 128 new flats, was inaugurated this week by Minister V Sivankutty in the presence of Mayor Arya Rajendran. Built at a cost of INR 27 crore, the project is the first phase of a plan to provide 200 homes in the colony. The civic body has already delivered thousands of homes under various schemes, including 318 flats at Kalladimukham, 542 at Mathippuram, and over 12,000 units through the LIFE project. Costford will soon begin construction of an additional 105 units under the BSUP rehabilitation initiative, with completion targeted in a year, further strengthening affordable housing delivery.Read more

02 Sep 2025

Debt-ridden developer Supertech Ltd, currently under insolvency proceedings, has delivered more than six thousand homes across multiple housing projects over the past three years, despite facing financial distress. The deliveries were made under the supervision of an insolvency resolution professional appointed by the National Company Law Tribunal. Former chairman RK Arora confirmed that around fifteen thousand homes remain pending, with the firm seeking Supreme Court approval for a joint resolution plan with Apex Heights Pvt Ltd.Read more

02 Sep 2025

Lucknow Development Authority is preparing to hold a lottery for 332 residential plots in the Anant Nagar housing scheme, scheduled to take place later this week at Indira Gandhi Pratishthan and streamed live on the LDA's YouTube channel. Over 8,500 applicants had registered in the second phase, which offered plots ranging from 112.5 sqm up to 450 sqm. The township, spread over 785 acres, includes over 2,100 residential plots, 60 group-housing blocks with 10,000 flats, 5,000 units for EWS/LIG households, and 3,000 PMAY homes, along with modern infrastructure and a dedicated Edutech City.Read more

02 Sep 2025

President Donald Trump's administration plans steps to address high housing costs in the United States. Treasury Secretary Scott Bessent explained that the measures could include declaring a national housing emergency to tackle rising prices and limited supply. Falling rents are providing some relief, and lower interest rates may encourage more home sales, improving market activity. The administration is also exploring ways to simplify construction permitting and promote standardization to increase housing supply. Affordability remains a key focus, reflecting broader efforts to reduce financial pressures on Americans.Read more

02 Sep 2025

Excel Infra Construction is set to invest INR 252 crore in the Bellissima luxury residential project at Bandra Reclamation, Mumbai. The 33-storey tower will feature 96 apartments, with expected revenue of INR 400 crore. The funding will be a mix of equity and an Alternative Investment Fund structured as non-convertible debentures. Leveraging advanced construction technology, the company aims to complete the project ahead of schedule.Read more

02 Sep 2025

Dubai's property market witnessed sales worth AED51.1 billion during August, marking a year-on-year rise of 7.9%, with transaction volumes climbing 15.4% to 18,678. Apartment sales dominated activity with AED30.2 billion in value, reflecting a 29.2% increase in volume. While villa sales declined 38.1% in volume, average prices per square foot increased 15.2% to AED 1,720. Key districts such as Business Bay, Jumeirah Village Circle, and Jebel Ali First recorded the highest activity. The most expensive sale was a luxury villa on Palm Jumeirah, fetching AED161 million.Read more

02 Sep 2025

Andhra Pradesh RERA has directed all real estate agents in the state to complete mandatory registration within a month, highlighting that only a limited number have complied so far. The regulator warned that homebuyers are at risk when dealing with unregistered agents and stressed that penalties, restrictions, and legal proceedings would follow in cases of non-compliance. Measures are also being taken to clear pending project applications and enhance transparency.Read more

02 Sep 2025

The National Housing Bank's latest housing price index shows residential values rising in 45 of 50 cities, with Bengaluru recording the steepest annual gains driven by its strong IT and economic base. Chennai, Ahmedabad, Pune, Mumbai, and Kolkata also posted solid growth, while only five cities saw declines, led by Howrah. On a composite level, prices rose 5.7% year-on-year, slightly slower than last year but reflecting market stabilisation after rapid increases. Quarterly data also showed continued growth, supported by a nearly 100-basis-point cut in home-loan rates earlier this year. The report highlights resilient demand in metro markets despite uneven performance in smaller cities.Read more

02 Sep 2025

The Bombay High Court has ordered a judicial probe into 935 redevelopment notices issued by the Mumbai Building Repairs and Reconstruction Board (MBRRB), a MHADA unit, after finding they were based on visual checks rather than mandatory structural audits. A bench of Justices G.S. Kulkarni and Arif Doctor called the notices arbitrary and possibly driven by vested interests to exploit redevelopment. The court struck down a 2024 SOP that gave officials undue powers and appointed a two-member judicial committee. Retired Justice J.P. Devadhar and Retired Judge Vilas D. Dongre to investigate. Of the notices, 46 were withdrawn and 889 put on hold, reinforcing property rights and curbing misuse of authority.Read more

01 Sep 2025

UK house prices saw a slight decline in August, falling 0.1% month-on-month, according to Nationwide Building Society. Annual growth also slowed to 2.1%, the weakest rate since mid-last year. Rising mortgage costs and stretched affordability have constrained buyers, with first-time homeowners facing payments that take up 35% of their take-home pay. While the Bank of England reduced interest rates, inflation concerns may limit future cuts. Analysts caution that potential property tax changes in the upcoming budget could further dampen market sentiment. The housing market shows signs of slowing after last year's strong growth.Read more

Mr. Harsh Jagwani, Managing Director, Notandas Realty

01 Sep 2025

India's real estate market is in a robust growth phase, driven by a strong economy, a significant infrastructure push, and rising consumer buying power. According to Harsh Jagwani, Managing Director of Notandas Realty, this growth is not limited to metros but is also visible in tier-2 and tier-3 cities. With developers responding to new trends like premiumization, sustainability, and technology, the market is poised for appreciation in the next 2-3 years. This sentiment is also supported by strong demand across all segments, particularly in the undersupplied commercial sector.Read more

01 Sep 2025

India is holding detailed discussions with Australia to construct one million homes, a project estimated at USD 500 billion. The proposal includes sending Indian workers to Australia, where they would be trained to meet local construction standards. To support financing, India has also approached the UAE for partnership. The initiative comes as Australia faces housing supply shortages and rising prices, which were key issues in its recent elections. Alongside this, India is advancing multiple trade deals with countries including Oman, New Zealand, the European Union, Qatar, Chile, Peru, and South Africa, while addressing US tariff challenges.Read more

01 Sep 2025

Signature Global Ltd has acquired 33.47 acres of land in Sohna, Gurugram, for about INR 450 crore to develop nearly 1.8 million sq ft of housing. The land was purchased through three separate sale deeds and adds to the company's steady pipeline of projects. Signature Global, which ranked fifth nationwide in pre-sales last fiscal, continues to focus on expanding in the Delhi-NCR region. Despite a dip in first-quarter sales bookings, the company reported stronger profit growth and remains confident of meeting its guidance for this year.Read more

01 Sep 2025

A NAREDCO-Knight Frank report highlighted that affordable housing supply across India's eight largest cities has fallen to almost one-third of demand in the first half of 2025. Homes priced up to INR 50 lakh are witnessing strong sales but limited new launches, raising concerns over the widening housing deficit. Industry leaders noted that while demand-side measures have been effective, urgent supply-side reforms are required to address the shortfall.Read more

01 Sep 2025

Sanjeevini Group announced the launch of its luxury housing project 'The Adwaith' in Bengaluru, spread across 8.3 acres at Gunjur in the city's eastern corridor. The development comprises 668 units with a built-up area of 17 lakh sq ft, priced from INR 1.7 crore upwards. The firm expects sales worth around INR 1,200 crore from the project, which is being undertaken under a joint development model. With completion slated in about 30 months, the project is positioned in a growing micromarket with strong connectivity.Read more