28 Jul 2025

The Odisha High Court has nullified several land deals in Baniapat Khuntapada and Keonjhar, citing illegal exclusion of rightful heirs and serious procedural lapses. Justice S. K. Panigrahi ruled the 2011-2014 transactions-conducted by two brothers without their sisters' consent-as a "carefully engineered arrangement" to deny joint inheritors. The Keonjhar collector has been ordered to investigate and take disciplinary action against involved revenue officials. The NHAI must halt compensation payouts and recover any disbursed funds tied to the now-invalid land deals. The court also flagged suspicious transactions involving a BPL cardholder, reinforcing its stance against land fraud and official misconduct.Read more

28 Jul 2025

DLF Ltd has sold all 416 units in Phase 1 of its luxury project, The Westpark, in Andheri West, Mumbai, generating INR 2,300 crore in just days. Developed under the SRA scheme with Trident Realty, the project marks DLF's re-entry into Mumbai after a decade-long hiatus. DLF holds a 51% stake in the special purpose vehicle, with a combined investment of INR 900 crore. This successful launch, alongside strong performance in Gurugram, has helped DLF surpass 50% of its FY2024-25 sales target. The firm recorded all-time high sales of INR 21,223 crore last fiscal and aims for INR 20,000-22,000 crore this year.Read more

28 Jul 2025

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has successfully recovered a total of INR 1,410 crore for homebuyers, acting on 5,700 recovery certificates. A significant portion of this, INR 861 crore, was recovered between August 2023 and July 15, 2025. This achievement is attributed to increased pressure on defaulting builders and monthly reviews with District Magistrates. Beyond direct recoveries, UP-RERA has also facilitated mutual settlements worth INR 500 crore and resolved claims amounting to INR 3,320 crore through conciliation, collectively discharging or settling claims from over 15,000 allottee-complainants and enhancing confidence in the real estate sector.Read more

28 Jul 2025

Prayagraj Municipal Corporation has launched a block-level property mapping and numbering initiative to streamline property identification and strengthen property tax collection. Each neighbourhood will be segmented into blocks of roughly 100 houses, with each ward hosting several blocks. A GIS survey is set to begin shortly, covering thousands of houses citywide. Previous attempts led to numbering of over 12,000 properties, and municipal records for new areas will be digitized by next year. This effort forms part of a broader smart-city upgrade involving traffic, water, sewer, energy systems and an enhanced command centre.Read more

28 Jul 2025

Lodha Developers Ltd is set to roll out residential projects worth INR 17,000 crore over the next three quarters, strengthening its launch pipeline to INR 25,000 crore for FY26 following recent land acquisitions. The company has already introduced INR 8,000 crore worth of housing units in the first quarter and remains confident of achieving its INR 21,000 crore pre-sales target for the fiscal year. Executive Director (Finance) Sushil Kumar Modi linked the sustained post-pandemic demand to India's economic momentum, tax relief, and reduced home loan interest rates.Read more

28 Jul 2025

The Chandigarh Housing Board (CHB) has revived its long-delayed Sector 53 residential scheme, offering 372 flats, including HIG, MIG, and EWS units across nine acres. Despite strong demand-7,468 applicants for 372 units-the scheme stalled due to pricing concerns after a 30-40% cost hike following collector rate revisions. Three-bedroom flats now cost INR 2.29 crore, up from INR 1.65 crore. CHB refunded INR 7.5 crore in deposits earlier this year but is now moving toward final approvals, with launch expected in about a month. Meanwhile, CHB is planning a new 1,700-unit housing project in Sector 54, with development planning expected to conclude within six months.Read more

27 Jul 2025

China's outstanding property loans rose to a two-year high in June, signaling intensified efforts by the government to support the struggling real estate sector. The overall loan book reached 53.33 trillion yuan, with development loans increasing slightly, while mortgage loans remained subdued. Despite this lending push, the housing market continued to show signs of weakness, with new home prices falling at the sharpest rate in eight months. The rise in loans comes at a time when Beijing is taking multiple steps to stabilize the market, including letting local governments purchase unsold homes and land from financially stressed developers.Read more

27 Jul 2025

Odisha's Housing and Urban Development Department launched a streamlined initiative to accelerate implementation of the Real Estate (Regulation and Development) Act. Following a high-level review chaired by the Chief Secretary, key departments including Revenue & Disaster Management, Town Planning, General Administration, and ORERA have been instructed to report on progress. Priorities include developing digital tools, integrating land-record portals, deploying enforcement squads, and filling vacant operations roles. These targeted measures build on reforms introduced earlier in July aimed at strengthening monitoring, improving inter-departmental coordination, and protecting homebuyers from illegal developments.Read more

27 Jul 2025

The Gujarat government has scrapped the INR 200 fee for ownership certificates, or 'sanads,' under the SVAMITVA scheme, making them free for rural property holders. This move will benefit about 25 lakh villagers, with the state allocating INR 50 crore to fund the initiative. Along with the property card, beneficiaries will now receive the sanad at no cost. The SVAMITVA scheme, launched nationwide in 2021, uses drone surveys to map rural land and issue legal ownership documents. The initiative aims to cut property disputes and promote access to credit and government benefits.Read more

27 Jul 2025

Uttar Pradesh recently raised its stamp duty waiver for properties registered in women's names from INR 10 lakh to INR 1 crore, increasing the maximum discount from INR 10,000 to INR 1 lakh. This change is expected to make middle-class women more financially independent and enhance their status in society. It also aligns with earlier national-level proposals to support women's property rights. Alongside this, the state cleared several other initiatives, including allocating land for an IR-detector research centre creating new jobs and boosting defence tech.Read more

26 Jul 2025

UK home sellers made unusually deep price cuts this summer, marking the steepest fall for July since records began over 20 years ago. Average asking prices dropped by 1.2%, with sellers reducing expectations by nearly GBP 4,600 in an effort to stand out in a crowded market. London and higher-end properties took the biggest hit. However, buyer activity remained strong, helped by falling mortgage rates and better wage growth. Although some momentum from earlier tax incentives has faded, overall market sentiment continues to show resilience despite economic uncertainty and rising supply pressures.Read more

26 Jul 2025

The Chandigarh Administration has served a notice to former BJP MP Kirron Kher, seeking INR 12.76 lakh in unpaid rent for a government-allocated residence in Sector 7. Issued by the Assistant Rent Controller, the demand includes accumulated licence fees and interest charges. Kher, however, has contested the basis of the charges, stating she became aware of the dues through media reports. Her office has requested a clarification on the rent calculations, alleging that they contradict established House Allotment Committee rules.Read more

25 Jul 2025

Real estate developer Casagrand has ventured into the international market with the launch of its inaugural project on Dubai Islands in the UAE. With a focus on high-growth markets and lifestyle-centric developments, the company is targeting over 6 million sq ft of premium residential and mixed-use developments in the UAE across the next three years. It is actively scouting land parcels in key growth communities and aims to replicate its proven delivery track record in this global real estate hub.Read more

25 Jul 2025

Maharashtra's newly unveiled Housing Policy 2025 targets INR 70,000 crore in investments and aims to build 50 lakh homes over the next decade, with 35 lakh planned in five years. The policy focuses on slum rehabilitation, affordable housing, and urban sustainability-especially for EWS, LIG, MIG groups, industrial workers, and senior citizens. Affordable housing now enjoys infrastructure status, easing access to funding via ECB, FDI, and PSL. Key initiatives include redevelopment of old buildings, integrated townships, and the 'Walk to Work' model with dedicated MIDC housing zones. A INR 20,000 crore MahaAwas Fund and a state housing portal will further support implementation and transparency.Read more

25 Jul 2025

Rajasthan's revamped Township Policy sets a new course for eco-conscious and inclusive urban growth. It mandates parks and utility spaces, promotes rainwater harvesting and wastewater recycling, and emphasizes affordable housing for all segments especially EWS, LIG, and industrial workers. The policy also encourages vertical development and mixed-use planning, while developers are held accountable to maintain infrastructure. This vision aligns with feasibility studies for satellite towns and advances in renewable energy demonstrating a momentous move toward sustainable city planning without sacrificing essential services.Read more

25 Jul 2025

In Thiruvananthapuram, renovation of 186 dilapidated homes in Bonacaud is set for completion by December, offering plantation workers safe, dignified housing as a New Year's gift. Once part of the historic Bonaccord tea estate, workers had lived in rundown "layam" units since the estate's closure in the early 2000s. The INR 4 crore project is jointly funded by the labour and plantation departments. It aligns with Kerala's LIFE Mission, which provides secure housing and inclusive support to vulnerable groups. This initiative marks a major step in restoring dignity and stability for the long-marginalized plantation worker community in Bonacaud.Read more