18 Aug 2025

Navi Mumbai Municipal Corporation (NMMC) has introduced an innovative initiative by becoming the first civic body in India to provide property identity cards to citizens. The move, launched under the guidance of Municipal Commissioner Dr Kailas Shinde, aims to simplify property-related transactions and enhance transparency. Around 3.5 lakh property owners across the city will benefit, gaining access to property details such as ownership, tax records, and size in a single, card-based format equipped with QR code features for digital use.Read more

18 Aug 2025

The National Company Law Appellate Tribunal (NCLAT) has cleared the way for insolvency proceedings against Supertech Realtors, the developer of the Supernova project, by upholding a previous NCLT order. The NCLAT dismissed an appeal by promoter Ram Kishore Arora, whose settlement proposal was rejected by a consortium of banks with over INR 990 crore in dues. This decision allows for the formation of a Committee of Creditors to take over the project, which is 80% complete, a significant step towards a resolution for thousands of homebuyers waiting for possession in Noida.Read more

Mr. Jash Panchamia, Promoter, Suraksha Smart City

18 Aug 2025

Integrated townships have increasingly become a sought-after option for homebuyers and investors as they offer a blend of lifestyle, connectivity, and long-term value. Unlike traditional housing complexes, they integrate residences with schools, healthcare facilities, retail hubs, and recreation areas. Developers are aligning them with major transport corridors and civic infrastructure, while sustainability, wellness, and community-building remain central themes. This fusion of convenience, inclusivity, and future appreciation makes them a secure long-term investment.Read more

18 Aug 2025

The state development body has stepped in to complete a stalled township project after ending a decades-old agreement with the original developer, who failed to deliver promised infrastructure and became insolvent. The township spans over 2,000 homes in nine blocks, along with educational, commercial, and recreational facilities. With the developer no longer active on site since about 2010-11, residents have waited years for basic services. The authority now plans to fund completion of roads, drainage, parks and a community centre using assets still held by the builder, once necessary approvals and assessments are in order.Read more

17 Aug 2025

Noida's Sector-150 has emerged as the top-performing housing micro-market in India, with property prices surging by 139% between late 2021 and mid-2025. This growth, far outpacing other top cities, is driven by a combination of large-scale township projects, strategic infrastructure upgrades like the Jewar International Airport and new expressways, and strong investor demand. The area's performance, along with other key micro-markets in Bengaluru and Hyderabad, highlights a wider trend of infrastructure-led real estate appreciation across the country.Read more

17 Aug 2025

The state-launched digital portal for deemed conveyance-intended to modernise housing society document processes-encountered persistent technical failures that undermined its objective of dispensing with in-person visits. Users reported login issues and incomplete applications, prompting a return to deputy registrar offices. Authorities acknowledged the malfunction and are working to restore functionality. With over sixty per cent of housing societies still lacking legal land ownership, the system's limitations continue to hinder redevelopment and access to finance, prompting calls to simplify documentation requirements.Read more

17 Aug 2025

The Lucknow Development Authority has made it clear that no map approvals will be granted for housing in 241 unauthorised colonies, unless the 7.5-metre-wide roads are built by the government and are at least 200 metres in length. Despite discussions of relaxed norms, privately built roads in these areas remain ineligible. These colonies, first identified nearly 25 years ago, continue to lack basic infrastructure. Over time, regularisation efforts have repeatedly fallen short due to the stringent infrastructure criteria embedded in city planning frameworks. The LDA asserts that approving plans without proper amenities would fuel unplanned urban sprawl.Read more

16 Aug 2025

In a recent enforcement action, the Haryana Real Estate Regulatory Authority took strict measures against a Panipat property transaction involving cash payments, directing the builder to refund the amount along with significant interest. The case revolved around a homebuyer who had paid in cash, breaching legal thresholds. RERA also referred the matter to the Income Tax Department. The builder's refusal to provide verification documents further influenced the decision, underscoring the regulator's intent to eliminate illicit financial practices in the real estate sector.Read more

16 Aug 2025

Uttar Pradesh's Rural Development Minister disclosed in the Assembly that over 1.3 million homes have been approved for the economically weaker sections under central and state housing schemes. She explained that these sanctions fall under the Pradhan Mantri Awas Yojana (PMAY) and the Mukhyamantri Awas Yojana (MAY), with the allocation process set to begin soon. A detailed survey has already covered more than 5.7 million residents, identifying beneficiaries eligible for assistance. The announcement underlines the government's ongoing efforts to address the state's housing needs.Read more

16 Aug 2025

Signature Global is set to launch projects worth between INR 13,000-14,000 crore in Gurugram, ahead of the festive season. The new developments, which include a 4 million sq. ft. land parcel, are located in Sector 37D near the Dwarka Expressway and Sector 71 near the Southern Peripheral Road (SPR). These projects will feature a mix of residential and commercial spaces, targeting both premium and affordable segments. The company is optimistic about strong demand, driven by Gurugram's infrastructure upgrades and a revival in the National Capital Region's property market.Read more

15 Aug 2025

The Enforcement Directorate (ED) carried out raids at multiple locations in Lucknow and Delhi targeting Rohtas Projects Ltd., a real estate firm accused of defrauding investors of around INR 248 crore. The probe, initiated under the Prevention of Money Laundering Act (PMLA), follows 87 FIRs filed since 2021 by home and commercial space buyers who allege non-delivery and financial fraud. Promoters Piyush Rastogi, Paresh Rastogi, and Deepak Rastogi have been absconding for over four years. Forensic audits by UP RERA confirmed the misappropriation, highlighting persistent challenges in India's real estate sector.Read more

15 Aug 2025

Indumati Palace, a 145-year-old heritage building in Vadodara is being repurposed into a unique residential-commercial complex led by Pratapsinhrao Gaekwad in collaboration with Johnson Real Estate. Six 12-storey upscale apartment towers will surround the restored palace, which will serve as an exclusive clubhouse for the community. Retail space is planned in the palace's former front yard. The initiative was introduced around the recent Ganesh festivities, with delivery expected in about three years. Pratapsinhrao also aims to revive the palace's traditional Ganesh celebrations and continue spending more time in Vadodara by working from this new development.Read more

15 Aug 2025

The Haryana Shahari Vikas Pradhikaran (HSVP) has decided to renovate and allot 1,088 vacant affordable flats in Sector 47, Gurugram, which were constructed in 2010 under the Ashiana Scheme for economically weaker sections (EWS). Initially, these flats remained unallotted for over 15 years due to procedural delays and disputes over eligibility, and HSVP had considered demolishing them to use the land for high-end housing. Following public opposition and a complaint escalated to the Prime Minister's Office, HSVP approved an INR 8 crore renovation plan, with allotments to eligible families scheduled after repairs.Read more

15 Aug 2025

The Delhi Development Authority will roll out a premium housing scheme by the end of August, offering about 250 flats across income categories and a mix of car and scooter garages via e-auction. Locations span prominent neighborhoods like Vasant Kunj, Dwarka, Pitampura, Jasola, Rohini, Jahangirpuri, Nand Nagri, Ashok Vihar, and Shalimar Bagh. Meanwhile, the ongoing Apna Ghar Awaas Yojana, which had been offering thousands of discounted flats across Narela, Loknayakpuram, and Siraspur, is being paused. The scheme also follows recent policy moves aimed at bolstering public trust in DDA's housing initiatives.Read more

15 Aug 2025

Lucknow Development Authority (LDA) commenced work on the Naimish Nagar model township project along Sitapur Road, designed to accommodate around 300,000 residents. The first site office is being set up in Purva village, with land acquisitions progressing under a consent-based policy across eighteen targeted villages. The township will feature residential, commercial, and public amenities while supporting industrial, healthcare, educational, and logistics growth. The initiative is also aimed at improving local infrastructure and creating significant employment opportunities for the region.Read more

15 Aug 2025

A special CBI court in Panchkula has denied a clean chit to D. Vasudevan, former CEO of Chintels India, in connection with the 2022 Paradiso building collapse that resulted in two fatalities. The court dismissed Vasudevan's plea to drop charges, stating his role extended beyond mere administration. Investigations revealed the use of substandard materials and faulty construction practices. IIT Delhi's audit confirmed the presence of high chloride levels in the concrete, leading to accelerated corrosion. The case continues as the CBI prepares for further proceedings.Read more

15 Aug 2025

YEIDA recently issued a formal notice to Suraksha Realty, pressing for answers on four key issues including stalled construction and fund delays in the Jaypee Wish Town project. Homebuyers have raised concerns over multiple lapses from insufficient labour deployment to breach of RERA timelines, deferred amenities, and opaque communication. They've urged YEIDA to enforce a high-level oversight committee and avert a possible social and legal escalation. While Suraksha maintains limited progress through property registrations and occupancy certificates, buyers believe justice demands swift and transparent action.Read more