18 Jun 2025

The Maharashtra government has unveiled its new 2025 housing policy, Majhe Ghar, Majha Adhikar (My Home, My Right), its first major update since 2007. The policy promises over 35 lakh affordable homes by 2030 with a INR 70,000 crore investment. It focuses on sustainability, inclusive development, and private sector participation. Special housing plans target vulnerable groups like seniors, women, students, and migrant workers. A district-level survey is underway to align supply with real demand. The policy also supports self-redevelopment, slum renewal, and green construction. With a digital land bank and centralised tracking platform in the works, this ambitious policy aims to make housing more accessible, equitable, and future-ready across Maharashtra.Read more

17 Jun 2025

The Brihanmumbai Municipal Corporation (BMC) has approved construction of two new arms to connect the Ghatkopar-Mankhurd Link Road (GMLR) flyover directly to the Sion-Panvel Highway. Estimated at INR 1,051 crore, the project aims to ease traffic congestion at the busy Maharashtra Nagar T-junction. Currently, the GMLR flyover lacks a direct link to the highway, forcing vehicles through bottlenecks. The new flyover arms-measuring 1.47 km and 1.93 km-will bypass this signal, offering seamless access. The extensions, standing 8.5 metres high and 620 metres long, will begin construction soon following land acquisition and approvals from the Coastal Zone Management Authority and Mangroves Department. The alignment also considers proximity to metro lines and nearby airports. An earlier plan for a third arm via the Harbour line remains stalled due to pending clearances from Central Railway.Read more

17 Jun 2025

The Delhi Development Authority (DDA) has demolished over 300 structures in Bhoomiheen Camp, Govindpuri, South Delhi, as part of a planned in-situ slum rehabilitation project. Most of the razed constructions were reportedly vacant, with the land under encroachment for the past 2.5 years. The cleared site will be used to build permanent housing for approximately 4,500 JJ (jhuggi-jhopri) dwellers from nearby Navjeevan and Jawahar Camps. This follows an earlier relocation of 1,862 eligible households from Bhoomiheen Camp to flats in Kalkaji Extension between November 2022 and May 2023, based on Delhi Urban Shelter Improvement Board (DUSIB) guidelines. The initiative aligns with the Delhi government's 'Jahan Jhuggi Wahan Makan' policy, which ensures alternative housing before removing informal settlements, promoting a more humane and systematic urban redevelopment approach.Read more

17 Jun 2025

The Andhra Pradesh Real Estate Regulatory Authority (APRERA) has issued a public advisory cautioning homebuyers against purchasing unregistered flats and plots. In-charge chairman S Suresh Kumar highlighted growing concerns over developers collecting advance payments for 'pre-launch' projects without mandatory APRERA registration-an act that violates the Real Estate (Regulation and Development) Act, 2016. Under the law, no real estate project can be marketed, advertised, or sold without proper registration, and agents are also prohibited from promoting unregistered properties. APRERA has urged buyers to verify project details through its official helpdesk and report any issues like delays or poor construction quality. The warning reinforces the authority's consumer protection mandate under RERA, which was enacted in 2017 to bring transparency, accountability, and legal safeguards to India's real estate market.Read more

17 Jun 2025

The Telangana Real Estate Regulatory Authority (TG-RERA) has ordered Prime Infratech, developer of the Prime Alpenia villa project near Mokila, to form and register an official allottees' association within 45 days. The directive follows a complaint by villa owner Budi Venkata Ramana, who alleged ongoing harassment and illegal fund collection due to the absence of a registered association. TG-RERA cited the developer's non-compliance with Section 11(4)(e) of the RERA Act, 2016, which mandates the creation of such a body. The authority also clarified that maintenance charges are legally applicable from the date of possession, regardless of occupancy. While disputes among residents fall outside TG-RERA's jurisdiction, affected parties may approach the Telangana Co-operative Department. The order reinforces the importance of structured community governance for transparent maintenance and shared responsibility in post-handover real estate developments.Read more

17 Jun 2025

Bill Gates has quietly invested over USD 38 million in property across Wellington, Florida-creating a private equestrian retreat for his daughter, Jennifer Gates. Known for her passion for show jumping, Jennifer's journey in the local elite equestrian scene began in 2011. Since then, the family has strategically acquired multiple parcels in the exclusive Mallet Hill Court neighborhood, including horse farms, estates, and vacant lots, totaling 18 acres. These purchases provide a purpose-built base for her training and events. Wellington remains a top global destination for equestrian sports, and Jennifer also owns a separate 124-acre estate in North Salem, New York, valued at USD 15.8 million.Read more

17 Jun 2025

Hamirpur Nagar Nigam is introducing a modern house numbering system to improve property identification and civic record accuracy. The initiative starts with a city-wide survey to update decades-old residential records and simplify service delivery. Aerial drone surveys and GIS-based mapping across 15 wards are currently underway, followed by door-to-door verification to confirm ownership and assign new numbers. These details will be uploaded to an online portal for easy access. The new system aims to enhance postal and courier services, ease online deliveries, and bring greater efficiency to local governance-marking a major step towards smart and streamlined urban management.Read more

17 Jun 2025

Many first-time property investors in Dubai unknowingly lose over USD 20,000 at the start due to hidden fees. A flat listed at USD 295,000 can actually cost USD 318,000 after factoring in Dubai Land Department taxes, agent commissions, legal fees, and furnishing expenses. Often overlooked, these predictable costs reduce real ROI from 10% to 7.5%. Even 'ready' homes may lack basic fittings, pushing costs higher. Experts suggest negotiating during launch phases, targeting distressed sales, and leveraging seasonal offers to save up to USD 30,000. With precise planning and transparent advisors, buyers can avoid costly surprises and maximise their investment returns.Read more

13 Jun 2025

Prestige Estates Projects Ltd has established a sales target of INR 27,000 crore for the ongoing fiscal year, marking a 59% rise from the previous year, despite missing its earlier projection due to regulatory hurdles. While last year's pre-sales dipped 19% to INR 17,023 crore, the firm remains optimistic owing to a healthy pipeline and strong initial sales in the first quarter. With INR 42,000 crore worth of launches planned across key cities and a notable rise in average realisation rates, the company aims to bounce back sharply and capitalise on sustained housing demand.Read more

13 Jun 2025

Global asset manager Blackstone has received approval from India's Competition Commission to invest INR 1,167 crore in Kolte-Patil Developers through its affiliate BREP Asia III India Holding Co VII. The investment includes a preferential issue of over 12.6 million shares worth INR 417 crore and a secondary purchase of promoter holdings valued at INR 750 crore, securing an initial 40% stake. A voluntary open offer may increase Blackstone's holding to 66%. As part of the deal, Blackstone will be reclassified as a promoter and share control with Kolte-Patil's current leadership. This marks Blackstone's formal entry into India's residential real estate sector, expanding its existing INR 50 billion portfolio in office, retail, logistics, hospitality, and data centres. Kolte-Patil recently reported a Q4 net profit of INR 66 crore on INR 723 crore in revenue. The partnership is seen as a strategic step that could reshape residential real estate investment dynamics in India.Read more

13 Jun 2025

The Bihar government has approved a new housing scheme aimed at providing affordable accommodation for around four lakh women employees, including teachers and officials, across the state. The initiative focuses on offering safe, well-located housing near their places of posting. Properties will be leased from private landlords, with district-level committees assessing suitability, safety, and availability of basic amenities. Eligible women must submit a request to the sub-divisional officer (SDO), endorsed by their department head, to avail the scheme. The move aims to address housing challenges faced by female staff, especially in remote areas, and ensure access to secure and comfortable living arrangements. This marks a significant step in supporting Bihar's growing female workforce through practical, welfare-oriented infrastructure.Read more

13 Jun 2025

An auction to sell four flats owned by Newtech Promoters & Developers in Greater Noida's La Galaxia project failed to attract any buyers, despite efforts by the Sadar tehsil to recover dues worth INR 5.7 crore under UP-RERA guidelines. The flats had been seized after the developer's prolonged non-compliance with a 2020 recovery certificate that classified the dues as land-revenue arrears. Despite multiple public notifications, no bids were received, prompting officials to plan a rescheduled auction. In a broader crackdown, authorities also sealed the offices of 12 developers in Dadri, who collectively owe over INR 175 crore to UP-RERA. The actions highlight increasing enforcement measures against defaulting builders failing to meet obligations to homebuyers.Read more

13 Jun 2025

K Raheja Corp Homes has rolled out the second edition of its Grand South Pune Home Fest, targeting the thriving NIBM corridor. The event features limited-time deals across premium projects-Raheja Stellar, Sterling, Galaxy, and Helios-offering assured benefits and flexible payment plans, especially for Raheja Sterling. Building on the success of the first edition, this year's fest includes exciting rewards like an electric scooter, the latest iPhone, luxury vouchers, and a grand prize international travel package. The initiative not only aims to boost home sales but also supports buyers with curated offerings, expert consultations, and a seamless purchase experience.Read more