Mr. Murli Padmanabhan, Vice President of Sales Operations at NBR Group

04 Jul 2025

India's real estate sector is experiencing a significant shift towards sustainability in 2025, driven by government policy support, environmentally conscious consumer demand, and the integration of advanced technology. Key innovations include fly ash-based homes developed by NTPC, expansive adoption of IGBC and GRIHA green certifications, solar-powered and net-zero buildings, modular construction for efficiency and speed, and IoT-based smart energy systems. These developments are helping reduce energy and water consumption, cut emissions, and reshape the construction industry into one aligned with international environmental goals.Read more

04 Jul 2025

Delhi NCR's residential market is undergoing a structural shift, as demand for high-rise, self-contained ecosystems sees notable growth. Vertical living is driving up both average unit prices and project configurations, with a 56% surge in ticket sizes in H1 FY2025-from INR 92 lakh to INR 1.45 crore-marking the highest jump among India's top cities. Sales volumes, average per sq. ft rates, and luxury launches have simultaneously risen. Infrastructure projects such as Dwarka Expressway, Jewar Airport, and the Delhi-Meerut RRTS are reshaping the real estate narrative, fuelling the transition toward smarter, vertical communities.Read more

04 Jul 2025

Dubai's real estate sector recorded its strongest-ever first half in 2025, with 98,603 transactions valued at AED 326.7 billion, reflecting a 40% increase in sales value year-on-year. The second quarter alone contributed AED 184 billion across 53,118 deals, surpassing all past records. Plot, villa, apartment, and commercial sales all showed marked growth in both value and volume. Median prices continued their upward trajectory, driven by robust investor demand, with the top sale being a luxury Palm Jumeirah villa priced at AED 365 million. First-time developer sales dominated the market, accounting for 66% of the total activity.Read more

04 Jul 2025

Thiruvananthapuram has led Kerala in residential project registrations under K-RERA for the first half of 2025, recording 1,068 units and surpassing all other districts. This performance reflects increased investor confidence and the city's appeal as a residential hub. The growth is driven by the operational Vizhinjam Port, upcoming IT projects, and demand from NRIs and tech professionals. While major cities like Ernakulam and Kozhikode also show robust trends, some districts recorded no registrations, highlighting varied development across the state.Read more

04 Jul 2025

A villa outside Paris, formerly owned by late fashion icon Karl Lagerfeld, was sold for EUR 4.7 million at a recent auction. The property, spanning two hectares with multiple houses, a pool, and a tennis court, was acquired by Lagerfeld in 2010 and abandoned after his death in 2019. The sale, conducted via a unique "candle auction" method, follows another high-value property sale of his earlier in the year. The transactions highlight continued interest in properties linked to iconic figures, even years after their passing.Read more

04 Jul 2025

Actor-director Aatish Kapadia and his wife Alison Kapadia have purchased a 3,030 sq ft luxury apartment in Goregaon, Mumbai, for INR 15.31 crore. The transaction was registered on June 25, with INR 91.86 lakh stamp duty paid. Located in Oberoi Realty's Elysian, the apartment includes three parking spaces. This acquisition highlights Goregaon's appeal as a well-connected hub for professionals and creatives. Other transactions in the same project totaled INR 1,035 crore in sales over the last year, reflecting strong demand in Mumbai's luxury real estate market.Read more

04 Jul 2025

The Gujarat government has allocated 10 acres of land in the Dholera Special Investment Region (SIR) to the Tata Group for constructing residential apartments for its employees. This move supports Tata Electronics' (TEPL) INR 91,000 crore semiconductor fabrication unit in Dholera, India's first. The overall housing plan for Dholera's industrial ecosystem involves 1,500 serviced apartments. The Dholera SIR, envisioned as a greenfield smart city, is developing extensive civic infrastructure alongside industrial growth, aiming to create over 20,000 jobs and become a global semiconductor hub.Read more

04 Jul 2025

Gurugram authorities have issued 266 notices to homeowners for violating regulations, bringing the total to over 650 in three weeks. The notices target businesses operating in residential properties without permits and address building code breaches, including unauthorized constructions like rooftop structures and covered parking. This action, part of an 'office on the spot' drive in Sushant Lok and other sectors, aims to maintain residential zoning integrity. On the other hand Non-compliant property owners may face restoration orders, sealing, or cancellation of occupancy certificates if they fail to respond within seven days. Enforcement will also extend to fire safety violations in commercialized residential properties.Read more

04 Jul 2025

Adani Properties has received National Company Law Tribunal (NCLT) approval to acquire two major assets of the defunct real estate developer, Housing Development and Infrastructure Ltd (HDIL). The assets include 'Inspire BKC,' a commercial property in Mumbai's Bandra-Kurla Complex, and a land parcel in Kalyan Shahad. Adani's resolution plan for Inspire BKC is INR 3 crore, while the Shahad land had a fair value of INR 89.66 crore. Industry experts estimate the combined value of these assets at over INR 2,000 crore. Adani was the sole bidder for these properties under the insolvency process, which HDIL has been undergoing since 2019 with over INR 7,789 crore in liabilities.Read more

03 Jul 2025

The Dharavi Redevelopment Project (DRP) has released its first eligibility list, identifying over 75% of tenement holders as eligible for new homes under the ambitious slum redevelopment initiative. The list covers 505 households in Mahim's Meghwadi and Ganesh Nagar, with 229 already cleared for resettlement and many others pending documentation or verification. Notably, the project offers inclusive rehabilitation to both residential and commercial units regardless of eligibility status and includes upper-floor residents, a first in Mumbai's redevelopment history. Residents have been invited to file objections or suggestions before the eligibility list is finalised.Read more

03 Jul 2025

The Allahabad High Court has allowed the registration of 220 flats in Noida's Grand Omaxe and Forest Spa projects after the developer offered to deposit an additional INR 25 crore with the Noida Authority. This payment is part of a broader settlement where the developer had already paid INR 93 crore. The ruling addresses a dispute that began in 2018 over denied sub-lease deeds due to unpaid dues, affecting 1,692 sanctioned flats. The court's decision, which follows the Uttar Pradesh government's December 2023 rehabilitation policy for stalled projects, clears hurdles for occupancy certificates and aims for finalization of home deliveries.Read more

03 Jul 2025

Germany's residential real estate market has started to regain stability after a prolonged period of correction triggered by European Central Bank (ECB) rate hikes. According to official data, home prices rose by 3.8% year-on-year in the first quarter of 2025, following two consecutive quarters of modest recovery. The increase was most noticeable in major cities like Berlin, Frankfurt, and Munich. However, the momentum is largely driven by a persistent housing shortage, exacerbated by sluggish construction activity, bureaucratic delays, and falling building permits,well below the country's ambitious housing targets. Experts anticipate restrained price growth going forward amid continued affordability pressures.Read more

03 Jul 2025

Keystone Realtors Ltd has secured a significant cluster redevelopment project in Andheri West, one of the city's most sought-after residential neighbourhoods. The developer has been appointed by eight housing societies for the redevelopment of a 4.75-acre parcel that currently houses 548 members. With development agreements already executed with five societies and Letters of Intent (LoIs) from the remaining three, the project is projected to create 10.6 lakh sq ft of saleable area, generating an estimated Gross Development Value (GDV) of INR 3,000 crore. This marks a major step in Keystone's strategy to strengthen its presence across high-potential suburban micro-markets in Mumbai.Read more

03 Jul 2025

Odisha has launched a comprehensive reform to strengthen real estate regulation under the Odisha Real Estate Regulatory Authority (ORERA), following recent court directives and ongoing compliance issues. The state has mandated that all planning and development authorities must now relay project approval data to ORERA in real time, with full digital integration through platforms like Bhulekh and SUJOG. Enforcement has been overhauled to include monthly violation targets, inter-agency crackdowns, and recovery of penalties under the OPDR Act. The move builds on a series of High Court rulings that have reshaped buyer protections across the state, ushering in a more transparent and accountable real estate landscape.Read more

03 Jul 2025

Thiruvananthapuram has emerged as Kerala's fastest-growing real estate hub, surpassing even Ernakulam in residential unit registrations under the Kerala Real Estate Regulatory Authority (K-RERA). The city registered 2,987 units in the past year, driven by increased demand from Non-Resident Indians (NRIs), IT professionals, and those returning to settle in their home state. Strong infrastructure, a thriving IT sector, accessible healthcare and education, and upcoming mega projects like Technocity and K-Space Park have made the capital city a preferred destination. Urban rejuvenation projects like the Smart City redevelopment are further enhancing liveability, offering both housing and long-term investment appeal.Read more

03 Jul 2025

Odisha's housing department launched a vigorous campaign this past week to accelerate the verification of beneficiary-led PMAY-U 2.0 applications, which have been processing at a disappointing pace. With over 82,000 applications submitted since January, fewer than 17% have been verified and just 14.5% forwarded as proposals. The state has now instructed urban local bodies to boost public awareness in areas lagging behind and expedite both verification and sanctioning. The department is also ensuring that work orders follow quickly for approved units.Read more

03 Jul 2025

Mumbai recorded 11,521 property registrations in June 2025, a 1% dip from previous year, yet revenue from these registrations rose to 2% by INR 1,031 crore. For the first half of 2025, total property sales reached 75,982 units, a 5% increase, with revenue surging 15% to INR 6,727 crore, marking the strongest half-yearly performance since 2013. June saw a buyer shift towards properties above INR 5 crore, increasing to 6% of registrations. Apartments up to 1,000 sq ft continued to dominate, representing 84% of transactions. Western and Central Suburbs accounted for 88% of registrations, while South Mumbai's share decreased to 6%.Read more