18 Jul 2025

DLF Ltd, India's largest real estate company by market capitalization, has re-entered the Mumbai residential market with a luxury housing project named Westpark in Andheri (West). Developed under the Slum Rehabilitation Authority (SRA) scheme in partnership with Trident Group, the project involves an investment of INR 900 crore. The total expected revenue from the project is pegged at INR 2,300 crore.Read more

18 Jul 2025

Goldman Sachs' Urban Investment Group has committed USD 270 million to support the development of Innovative Urban Village in East New York, Brooklyn. Spearheaded in partnership with the Christian Cultural Center, Gotham Organization, and Monadnock Development, this large-scale housing initiative aims to provide 385 affordable homes in its first phase, along with essential retail and community spaces. The project, which leverages a mix of public tax credits, private capital, and brownfield redevelopment incentives, is part of a broader plan to create over 2,000 homes in the coming years.Read more

18 Jul 2025

The Uttar Pradesh government has granted a 14-year 'zero period' waiver to Sunworld City's stalled township project in Noida, Sector 22D. This relief covers penal interest and dues for approximately 20 unacquired acres that YEIDA failed to provide in 2011. The decision aims to reduce Sunworld City's financial burden and revive the project, which faced issues with fragmented land parcels and legal cases. YEIDA is now required to recalculate dues and issue a fresh demand notice, reflecting government efforts to address administrative lapses in stalled real estate projects.Read more

18 Jul 2025

Telangana has received INR 1,500 crore in Central funding under the PMAY-Urban 2.0 initiative, facilitating the construction of 1.13 lakh houses across the state. The sanctioned homes fall under the revived Indiramma urban housing scheme, which aims to deliver 20 lakh homes in five years. The approval makes Telangana the top beneficiary of PMAY-Urban 2.0, overtaking other major states. Beneficiaries will receive INR 5 lakh per unit, combining Central and state support. An additional proposal for rural housing is being finalised for future submission.Read more

18 Jul 2025

MahaRERA has blocked public access to details of projects placed under abeyance. This includes crucial information like project approvals, timelines, and legal orders. Visitors now only see a message saying the project is suspended and its account frozen. MahaRERA says the move targets developers who fail to upload mandatory progress updates. Data can still be accessed through written requests. Over 2,100 projects across Maharashtra have been suspended recently, with accounts frozen and a verification drive launched to check the authenticity of occupancy certificates.Read more

17 Jul 2025

UK housebuilder Barratt Redrow delivered 16,565 homes in the past year, falling short of its target due to delays in London handovers, especially for international and rental investors. The housing market remains fragile as high living costs and slow mortgage rate drops deter buyers. Following the news, the company's stock dropped over 9%. Despite this, forward sales rose to £2.9 billion, and the average selling price increased to £344,000. The company is offering buyer incentives and has identified £69 million in merger-related cost savings. It aims to build up to 17,800 homes this year, though planning delays and high borrowing costs remain key concerns.Read more

17 Jul 2025

Gurugram's residential property market has witnessed a substantial 67% increase in average prices between Q2 2023 and Q2 2025, according to the latest MagicBricks PropIndex. The average rate reached INR 16,186 per sq ft during the April-June quarter of 2025, up from INR 9,718 two years prior. Key micro-markets such as Dwarka Expressway, Golf Course Road Extension, Sohna Road, and New Gurugram are experiencing heightened demand. Dwarka Expressway led the growth, supported by major infrastructure enhancements and improved airport connectivity, making it the top choice for premium buyers and investors alike.Read more

17 Jul 2025

Godrej Properties Ltd has forayed into the Raipur market with the acquisition of approximately 50 acres of land earmarked for premium plotted residential development. The project is expected to offer around 9.5 lakh square feet of saleable area. This strategic land purchase aligns with the company's broader vision to strengthen its presence in emerging real estate markets across India. The expansion highlights Godrej Properties' continued focus on diversifying its footprint beyond metropolitan hubs and into high-potential tier-2 cities.Read more

17 Jul 2025

Bollywood star Salman Khan has sold his 1,318 sq ft apartment in Mumbai's upscale Shiv Asthan Heights, Bandra, for INR 5.35 crore. The deal, confirmed through property records reviewed by Square Yards, reflects growing activity in the city's luxury housing segment. Registered this month, the apartment sits in a premium celebrity-favoured locality. Since the pandemic, Mumbai has seen several celebrities and high-net-worth individuals reshuffling their real estate portfolios, either buying or selling high-value properties. These movements, influenced by shifting investment goals and lifestyle changes, underline the resilience of Mumbai's high-end housing market, especially in sought-after areas like Bandra.Read more

17 Jul 2025

Punjab Real Estate Regulatory Authority (RERA) has issued an interim order against Chandigarh-based Motiaz Builders for illegally advertising and selling flats at its "The Royale" project in Sector 39 (Extension), Mohali. The builder violated Section 3 of the RERA Act by launching and promoting the project without obtaining mandatory registration or opening an escrow account. Despite being served multiple notices, the developer failed to respond. RERA has now prohibited all marketing, booking, and sales activities related to the project. A final response has been sought by next month, with a detailed hearing scheduled in the coming weeks.Read more

17 Jul 2025

The Kerala government has approved a waiver for registration and stamp duty charges for beneficiaries acquiring land under the Life Mission housing scheme. This exemption also extends to nine flood-affected individuals. Beyond housing, the cabinet approved a tripartite agreement for the Wayanad Township and established a tribal supply office in Attapadi. It also sanctioned financial aid for natural calamity victims. Other key decisions include implementing Telecom (Right of Way) Rules and significantly increasing the government guarantee for Kerala Social Security Pension Ltd from INR 6,000 crore to INR 14,000 crore.Read more

17 Jul 2025

The Andhra Pradesh High Court has ordered the release of realtor Syed Allabakshu, who was detained for three years by a consumer commission without proper legal procedure. The High Court emphasized that individual liberty requires strict procedural safeguards before detention. Allabakshu's company, Vijaya Saradhi Housing, failed to hand over plots after receiving advance payments. The Guntur commission had ordered refunds and compensation, leading to his detention in 2022. The High Court clarified its ruling does not prevent further inquiry if due process is followed.Read more

16 Jul 2025

India has offered its full support to Bangladesh in restoring the ancestral home of iconic filmmaker Satyajit Ray, following reports of its demolition in Mymensingh. The house, once owned by Ray's grandfather and literary figure Upendra Kishor Ray Chowdhury, has been identified as being in a state of neglect. The Indian government has called the property a cultural landmark and proposed its transformation into a literary museum, reflecting the deep-rooted cultural ties between the two nations.Read more

16 Jul 2025

TGRERA has fined Hyderabad-based Bhuvanteza Infra Projects INR 6.45 lakh for illegally marketing and selling units in its "Happy Homes" project in Shamirpet without RERA registration or necessary approvals. Buyers had alleged that the developer collected advances between 2020 and 2023, often without issuing receipts. Following an inquiry, the regulator declared the project unauthorised and ordered a halt to all sales, marketing, and construction activities. Bhuvanteza must now refund the buyers with 11% annual interest within 90 days. This isn't the firm's first violation-TGRERA had earlier penalised it INR 14.9 lakh for similar issues in another project, where 62 homebuyers were also owed refunds.Read more

16 Jul 2025

The Lucknow Development Authority (LDA) has launched an e-auction of 50 residential plots and two multi-storey commercial complexes, with a combined estimated value of INR 310 crore. The residential plots, located in Sector G of the Basant Kunj Scheme near Gau Ghat and the Green Corridor, measure 252 sqm each and are priced at a reserve rate of INR 32,955 per sqm. The auction also includes a 2.5-hectare land parcel in Gomti Nagar Extension, a 1,800 sqm commercial-cum-nursing-home plot in Vishal Khand, and two ready-built complexes in Ratan Khand and Mansarovar. These offerings were identified through a recent land audit.Read more

16 Jul 2025

Home interiors brand HomeLane has launched a new experience studio on 100ft Road, Gandhipuram, marking its twelfth store in Tamil Nadu. The Coimbatore studio enhances the company's presence in a key South Indian market, offering tech-driven home interior solutions with a 45-day delivery guarantee. Inaugurated by political figures K. Annamalai and Vanathi Srinivasan, the studio provides services such as AI-powered 3D visualisation, flat pricing, and project management support.Read more