02 Jul 2025

The Telangana government has changed its approach to urban housing by introducing G+3 Indiramma apartments directly within slum areas across Hyderabad and other cities. This shift comes after the previous model of relocating beneficiaries to the outskirts led to a low occupancy rate only 13,000 out of 42,000 flats were occupied. Sixteen slums in Hyderabad are part of the initial rollout, with Warangal, Nizamabad, Mahbubnagar, Nalgonda, and Karimnagar also identified for the vertical in-situ model. The government is also providing housing to tribal communities and has implemented support measures like free sand, discounted cement proposals, and INR 5 lakh unit grants to push stalled 2BHK completions.Read more

02 Jul 2025

Bollywood actor Randeep Hooda has acquired a 1,530 sq ft apartment in Versova, Andheri West, Mumbai, for INR 5.63 crore. The transaction was registered on June 10, 2025, with stamp duty of INR 33.78 lakh and a registration fee of INR 30,000 paid. This purchase is part of a trend of celebrity real estate investments in Mumbai's luxury market, with other public figures also recently acquiring properties in the dynamic Andheri West area.Read more

02 Jul 2025

A Vadodara-based developer was ordered by the State Consumer Disputes Redressal Commission earlier this week to refund INR 28.42 lakh along with 12 percent interest for failing to deliver a flat booked in 2012 with possession promised by 2016. The buyers had paid INR?6?lakh via cheque and INR 22.42 lakh through a bank loan that was prematurely disbursed. Their 2019 complaint cited deficiency of service and unfair trade practices. The commission also awarded INR 50,000 for mental anguish and their advocate confirmed that an execution application has been filed since the builder hasn't complied.Read more

02 Jul 2025

The Noida Authority is challenging a state government order that lets Gardenia Aims Developers use auction proceeds from 122 sealed flats to meet its 25% upfront payment for dues on a stalled Sector 46 project. The May 29 directive also allows the restoration of a 150-acre commercial plot without fees. The Authority claims this contradicts its December 2023 policy, which requires builders to deposit dues first for relief eligibility. Gardenia owes INR 692 crore and hasn't paid the demanded INR 140.5 crore. The issue is now in court, with the Authority seeking a policy review to ensure alignment with its stalled project resolution framework.Read more

01 Jul 2025

Property registrations in Mumbai municipal limits recorded a slight decline for June, closing at approximately 11,600 units, as per data released by Knight Frank India. The final tally reached 11,586 registrations by 8:15 pm on June 30, slightly below the 11,673 units recorded in June 2024. The figures encompass transactions from both the primary and secondary markets, reflecting the overall residential activity within the Brihanmumbai Municipal Corporation (BMC) jurisdiction.Read more

01 Jul 2025

The Delhi Development Authority has announced a new residential plot auction for 118 plots in Sector D6, Vasant Kunj, a premium south Delhi locality developed by the agency in 2010. The move is part of a larger initiative to upgrade internal infrastructure and resolve long-standing parking issues. A specialised agency will be hired to demarcate plots and revamp roads, stormwater drains, and pipelines. Additionally, surface parking will be constructed for around 1,904 flats across four blocks. The entire project is expected to be completed within a year of awarding the contract and will follow strict CPWD and environmental norms.Read more

01 Jul 2025

The Odisha High Court has passed a series of important rulings that have boosted homebuyer protection and tightened rules for developers. These include stopping illegal use of common areas, enforcing ORERA's rule on defect liability funds, and questioning approvals granted by BDA after its authority shifted to BMC. The court also addressed issues around phasing and buyer associations in large projects. These decisions, along with a recent Supreme Court ruling on property ownership, are expected to improve transparency, prevent misuse by builders, and ensure legal clarity. Together, they mark a turning point for Odisha's real estate sector and strengthen buyer confidence.Read more

01 Jul 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has launched a state-level verification drive of over 3,600 occupancy certificates (OCs) submitted by developers across the state. This move aims to detect and prevent fraudulent practices, particularly in the aftermath of the Kalyan-Dombivli scam, where fake approvals had led to the demolition of illegal buildings. Planning authorities have been given a 10-day window to verify the authenticity of OCs, and their silence will be taken as confirmation. However, if certificates are later found to be false, the responsibility will rest with them. So far, only 136 OCs have been verified, revealing inefficiencies in the coordination between planning bodies and the regulator.Read more

01 Jul 2025

Authorities in Pune have started relocating 34 tribal families from Pasarwadi, a landslide-prone village near Malin, after soil cracks and a recent rockfall blocked their only road. The tehsil office has secured two acres of safer land, guided by Geological Survey recommendations. Financial aid for new homes is being arranged through state and central housing schemes, with additional CSR support. So far, 18 families have homes under the Gharkul scheme; remaining construction will start post-monsoon. Residents welcomed the move but raised concerns about water shortages and lack of basic facilities. The relocation echoes past efforts after Malin's deadly 2014 landslide.Read more

01 Jul 2025

Bollywood actor Jeetendra Kapoor and daughter Ekta Kapoor have sold their apartment in Mumbai's Omkar 1973 Worli project for INR 12.25 crore, or about INR 57,000 per square foot. The 2,149 sq ft flat includes two parking spaces and was officially registered on June 8, 2025. The Kapoors had bought it in 2017 for INR 11.52 crore. Omkar 1973 is a luxury residential project that has faced legal hurdles, including a stay order on new flat sales due to pending rent disputes with displaced residents. Despite this, resale activity continues. As of late 2021, less than half of the project's 136 launched apartments have been booked.Read more

30 Jun 2025

Around 100 homebuyers at RG Luxury Homes in Greater Noida West finally received their property registries during a special on-site registration camp held over the past few days. The housing project, originally launched in 2010, had come to a halt in 2016 due to financial distress and was admitted to the NCLT in 2019. It was revived in 2020 through a rare reverse insolvency resolution process, allowing the original promoter to resume work under the court-appointed insolvency professional. More than 1,400 flats across seven towers have now been issued occupancy certificates, and the remaining two towers are nearing completion.Read more

30 Jun 2025

The Maharashtra government is set to introduce vertical property cards to address the challenges of tracking flat ownership in cities like Mumbai, Pune, and Nagpur, where vertical development has boomed. Currently, property records cover only land parcels, creating legal headaches during resale, inheritance, or mortgage processes. The new cards will act as official Records of Rights for each flat, listing owner details, carpet area, and mortgage data. Officials say this will make transactions smoother and reduce disputes. The reform, aligned with digitisation drives like Svamitva Yojna, could make Maharashtra one of India's first states to modernise records for high-rise housing.Read more

30 Jun 2025

Housing sales in Delhi-NCR rose 16% year-on-year this quarter, crossing 11,700 units, according to PropEquity. The surge was driven by strong luxury housing demand and new project launches, especially in Ghaziabad and Greater Noida. DLF's Privana North in Gurugram sold out 1,164 units worth INR 11,000 crore in one quarter, while Prestige Group launched over 3,400 units in Indirapuram. Developers like Signature Global, Smartworld, Sobha, and Tribeca also saw brisk sales. Experts say younger buyers in Gurugram are driving luxury demand, while improved infrastructure and expanding inventory in affordable segments have kept the region resilient compared to other metro markets.Read more

30 Jun 2025

Over the past five to six years, Punjab has witnessed the sale of approximately two lakh properties with only around 1,500 buyer complaints, most of which relate to projects launched before RERA was enacted. Punjab-RERA Chairperson Rakesh Kumar Goyal credited the state's progressive approach and efficient grievance redressal for boosting consumer confidence. With nearly 3,000 registered projects and quick approvals, the real estate market in Punjab is gaining momentum. Meanwhile, officials from Delhi-RERA also echoed the transformative impact of the legislation, especially in curbing issues with pre-RERA developments.Read more