22 Jul 2025

Meghalaya's Real Estate Regulatory Authority (RERA) has begun actively overseeing registration of all real estate projects, developers, and agents in the state. Located at the Urban Affairs Complex in Shillong, the RERA office serves as the central hub for enforcing the Real Estate (Regulation and Development) Act, 2016. The Act mandates transparent project disclosures, dedicated escrow accounts for buyer funds, and accountability for timely project delivery. With a full-time chairman and two members, the Authority has urged all stakeholders to comply or face penalties. This move aims to protect homebuyers, streamline dispute resolution, and promote greater professionalism in Meghalaya's growing property market.Read more

22 Jul 2025

Mumbai's real estate and infrastructure landscape is set for a major upgrade with the Santacruz-Chembur Link Road (SCLR) extension nearing completion. Scheduled to open in July 2025, the final phase includes a striking 90-degree cable-stayed bridge over the Western Express Highway, creating a seamless, signal-free east-west route. Led by MMRDA, the project will ease congestion across Kurla, Chembur, Kalina, and BKC, and improve access to Mumbai Airport. Real estate interest, especially in Chembur, is rising, echoing past price surges seen after earlier infrastructure rollouts. The extension is expected to boost connectivity, reduce travel time, and enhance overall urban liveability.Read more

22 Jul 2025

Bhopal is set to roll out a major upgrade to its Sampada 2 platform, allowing homebuyers to register both sale deeds and mortgage documents in a single digital appointment. This eliminates the need for separate visits and streamlines the entire property registration process. Users will receive final documents in PDF format, reducing paperwork and in-person collection. The system will auto-link sale and loan records, with future plans for Aadhaar-based eKYC and digital payments. Part of a wider national move toward digitised land records, this reform supports faster, transparent transactions and benefits buyers, banks, and real estate developers alike.Read more

22 Jul 2025

A consumer forum in Ghaziabad has held a cooperative bank liable for losing a borrower's original property documents despite full loan repayment. The documents went missing during the bank's branch relocation from Ghaziabad to Noida. The borrower, who sought the return of his papers much later, was told they were untraceable. The commission has directed the bank to pay INR 25,000 for mental distress and INR 5,000 for litigation expenses. The bank must also assist in obtaining certified copies of the lost deed. This case reflects increasing regulatory pressure on lenders to maintain stringent safeguards over customer documents.Read more

22 Jul 2025

Delhi authorities have ramped up efforts to evacuate the structurally unsafe Signature View Apartments in Mukherjee Nagar, where only 85 of 336 flats have been vacated despite repeated warnings and a High Court demolition order. Originally built between 2007 and 2010, the complex showed severe structural damage within years. A 2022 IIT Delhi audit declared it uninhabitable. In response, the DDA will now provide monthly rent compensation-INR 50,000 for HIG and INR 38,000 for MIG flats-on a flat-wise basis from January 2025. Police deployment and service disconnections are being considered as last resorts. Reconstruction planning, compensation logistics, and investigations into construction lapses are ongoing.Read more

22 Jul 2025

Godrej Properties has acquired a 48-acre land parcel in Doddaballapur, North Bengaluru, for a plotted housing project spanning 1.1 million sq ft of saleable area. The outright purchase aligns with the company's strategy of investing in high-growth corridors to develop planned communities. This acquisition follows recent deals in Raipur, Bannerghatta, Whitefield, and Sarjapur Road, highlighting its aggressive expansion in the plotted and mixed-use development space. Demand for plotted homes has surged post-COVID, driven by consumer preference for larger, customizable living spaces. Godrej Properties also posted a record FY 2024-25, with bookings exceeding INR 29,400 crore and 14 successful new project launches.Read more

21 Jul 2025

The Ejari system, established by RERA in 2010, was designed to regulate rental contracts and protect both tenants and landlords in Dubai. While it remains a mandatory legal tool for registering tenancy agreements, its complexity has made it susceptible to misuse. Landlords have been known to manipulate property categorisation, restrict registration routes, inflate rent figures, and force agent-mediated processes. Meanwhile, tenants often remain unaware of their right to self-register or the consequences of inaccurate data in the system. A clear understanding of responsibilities is essential to avoid falling prey to these loopholes.Read more

21 Jul 2025

Ashwin Sheth Group has acquired development rights for a four-acre land parcel in Goregaon West, Mumbai, with an estimated revenue potential of INR 3,800 crore. The project, spanning approximately 12 lakh sq ft of RERA carpet area, is set to rise on land owned by MHADA and includes tenant rehabilitation. The rights were secured after a re-tendering process, following a failed earlier agreement with a previous builder. Goregaon West remains a hot real estate zone with over INR 1,961 crore in sales last year, driven by strong connectivity and Metro Line 2A. Ashwin Sheth Group currently has over 7 million sq ft under development.Read more

21 Jul 2025

Ravi Agarwal, chairman of Lloyd Realty, along with Lloyd Group chairman Babulal Agarwal, has purchased six ultra-premium apartments in Kalpataru Prive, a high-end residential tower located on Altamount Road in South Mumbai. The transaction, valued at INR 227 crore, involves units spanning the 18th to 23rd floors with a total carpet area of 17,908 sq ft, at a rate of INR 1.26 lakh per sq ft. The deal also includes 24 car parking spaces.Read more

Mr. Aditya N. Shah, Director of Mayfair Housing.

20 Jul 2025

Mira Road has evolved from a peripheral suburb into a fast-developing luxury real estate destination, attracting homebuyers and investors seeking premium living at more reasonable rates than central Mumbai. Backed by improved infrastructure, expansive residential projects, and growing connectivity via highways and the metro, the area now combines affordability with sophistication. Its strategic location, proximity to IT parks, and inclusion in upcoming developments like the Mumbai-Ahmedabad bullet train and coastal road extension have significantly raised its desirability. Mira Road is now emerging as a prime residential zone with strong growth prospects and superior value for investment.Read more

20 Jul 2025

A local court ordered the immediate transfer of maintenance duties at Parkview Residences in Mohali's Sector 66 to its Resident Welfare Association (RWA). The judgment followed ongoing allegations against the developer and its agency for imposing inflated maintenance charges, obstructing RWA elections, and disrupting basic services. Despite all units being sold, the developer had continued to exert control through a private firm. The court found these actions coercive and unlawful under the Punjab Apartment Ownership Act.Read more

20 Jul 2025

Telangana RERA has penalised Ashritha Group with a fine of INR 3 lakh after two homebuyers complained about irregularities in its "Jewels County" project in Jubilee Hills, Hyderabad. The buyers alleged the builder failed to register their flats or issue receipts and threatened to cancel agreements without valid reasons. RERA found that despite executing sale agreements, the builder didn't register the units, violating RERA norms. The authority has now ordered Ashritha to complete registrations, subject to payment milestones. This is among several recent actions by RERA, including penalties against developers of "Happy Homes-1", "Aura Velimala Phase-1" and "Shrivari's Brundavanam" for non-compliance and unregistered sales.Read more

19 Jul 2025

Taylor Wimpey España has revealed that British and Irish nationals remain a dominant force in Spain's second-home market, with 45% of them aged between 45 and 59. Over the past two years, 80% of these buyers opted for properties in the Costa del Sol, particularly favouring apartments with two or three bedrooms. Developments such as Solana Village, Sunny Golf, and Emerald Greens have seen significant traction, with an average purchase price of EUR 497,000. Key-ready homes and off-plan units continue to be available at select locations.Read more

19 Jul 2025

China's housing market continues to face mounting pressure as new-home prices fell 0.3% month-on-month in June, the steepest drop in eight months. This extended the decline that began mid-last year, despite a series of stimulus efforts introduced by the government to stabilize the property sector. Compared to the same month last year, prices fell 3.2%. Investment, home sales, and new construction all remain under stress, and analysts now warn that unless stronger and more targeted policy measures are adopted, the downturn could persist well into 2026.Read more

18 Jul 2025

Thane's residential property market has recorded a steep 46% surge in average prices over the past three years, with rates reaching INR 19,800 per sq. ft. by the end of Q2 2025. The transformation, driven by infrastructure development and affordability, has seen a 103% spike in new housing supply and 78% rise in absorption since FY 2020. ANAROCK's latest report notes that compact homes, particularly 1BHK and 2BHK units, dominate the market. Approximately 44% of housing falls within the INR 80 lakh to INR 1.6 Cr range, attracting buyers priced out of core Mumbai.Read more