11 Jun 2025

A recent Anarock report reveals that the average loading factor in Indian apartments has surged to nearly 40% in early 2025, up from 31% in 2019. The loading percentage represents the difference between the super-built-up area and actual carpet area, with buyers now receiving only about 60% of usable space. Cities like MMR (43%), Bengaluru (41%), and Delhi-NCR (41%) show the sharpest increases. The rise is driven by demand for lifestyle amenities-clubhouses, gyms, terraces-especially among millennial buyers. While RERA mandates disclosure of carpet area, there is no cap on loading, allowing developers to package extensive common facilities into projects. Experts note this shift reflects evolving buyer preferences focused on community living and wellness. However, the widening gap between livable and super-built-up space calls for greater transparency and potential regulation to ensure balanced value for homebuyers.Read more

11 Jun 2025

Birla Estates has recently raised USD 50 million (INR 420 crore) from the International Finance Corporation (IFC) to fund two major real estate projects in the Mumbai Metropolitan Region and Pune. The investment will be channelled through two Special Purpose Vehicles, where Birla Estates retains majority economic interest. This funding underscores the company's commitment to sustainable urban development and aims to enhance housing accessibility, particularly for first-time homeowners. With recent expansions into key markets including NCR, Bengaluru, and Pune, Birla Estates is rapidly scaling its presence in India's competitive real estate sector.Read more

11 Jun 2025

India's leading listed real estate companies experienced significant growth in property sales bookings during the past fiscal year, crossing INR 1.62 lakh crore collectively-a rise of over 20% compared to the previous year. Godrej Properties led the pack with nearly INR 30,000 crore in pre-sales, followed by market heavyweight DLF Ltd and other prominent developers like Macrotech Developers and Prestige Estates. The residential segment, especially luxury homes, dominated sales, while commercial properties contributed modestly. Market analysts attributed this strong performance to growing consumer preference for established, reputable developers amid concerns over stalled housing projects.Read more

10 Jun 2025

The Navi Mumbai Municipal Corporation (NMMC) has flagged 527 buildings as dangerous following a recent survey under the Maharashtra Municipal Corporation Act. It has reiterated that structures over 30 years old must undergo a structural audit by a certified civil or structural engineer registered with the civic body. Property owners must submit proof of completed repairs and certification confirming the building's safety. A fine of INR 25,000 or the annual property tax whichever is higher may be levied on those failing to comply. Citizens have also been strongly advised to vacate unsafe premises immediately.Read more

10 Jun 2025

Chennai's residential rental market is witnessing sharp hikes, with year-on-year increases of up to 25% in key areas. Anarock data shows a 22.2% quarter-on-quarter rise in Q3 2024, the highest among major Indian metros. Localities near IT corridors like Velachery, Sholinganallur, and Taramani now see 1BHK rents ranging from INR 25,000 to INR 35,000 per month. Even outer suburbs like Pallavaram and Kolathur are no longer affordable. The surge is driven by demand from Global Capability Centres (GCCs), limited new housing supply, and property tax hikes. Middle-income tenants are moving to farther suburbs, while many professionals are opting for shared housing or co-living spaces. Comparisons to Bengaluru's rental trends are growing, raising concerns about Chennai's affordability. Without proactive housing policies and infrastructure improvements, the city risks facing long-term housing challenges similar to its southern counterpart.Read more

10 Jun 2025

In a significant stride towards sustainable urban transformation, the Saifee Burhani Upliftment Trust (SBUT), under its flagship Saifee Burhani Upliftment Project (SBUP), marked World Environment Day by reinforcing its commitment to eco-conscious redevelopment in Bhendi Bazaar. The initiative goes beyond structural renewal, incorporating native greenery, renewable energy, water and waste management systems, and thoughtful urban planning that balances cultural modern resilience. SBUT's efforts are setting an unprecedented benchmark for future cities that prioritise both people and the planet.Read more

09 Jun 2025

The Telangana Real Estate Regulatory Authority (TGRERA) has initiated the establishment of an enforcement wing to expedite compliance with its orders. This move empowers district collectors to invoke the Revenue Recovery Act (RRA) and exercise certain civil court powers for enforcement, transitioning from passive regulation to active enforcement. An executive director from the revenue department will lead the new wing, supported by a dedicated team. This initiative aligns with similar efforts in other states and follows guidelines from the Union Ministry of Housing and Urban Affairs.Read more

09 Jun 2025

Dubai-headquartered Emaar Properties' Indian arm, Emaar India, has announced its entry into the Lucknow residential market with a premium high-rise project named 'Elite Oasis'. Launched earlier this week, the development will come up at Gomti Nagar Extension, featuring 194 luxury units across a 2.923-acre site. With unit prices ranging between INR 2.75 crore and INR 4.15 crore, the total project investment stands at INR 400 crore. The company's CEO stated that Emaar would bring its global architectural expertise to meet the lifestyle aspirations of the city's affluent homebuyers.Read more

09 Jun 2025

Bihar is set to implement an online tenant verification system across all police stations by the end of this month, aiming to streamline the rental process and enhance security. This initiative will integrate the registration department's data with the police network, allowing for digital processing of tenant information. While urban areas will benefit from this digital shift, rural regions still relying on traditional stamp paper registrations will continue with manual verifications. The move follows recent mandates requiring landlords to submit detailed tenant information to local police stations, emphasizing the state's commitment to modernizing its rental verification process.Read more

09 Jun 2025

The Karnataka High Court recently intervened to halt the Bangalore Development Authority's (BDA) decision to disconnect electricity and revoke occupancy certificates for Kendriya Vihar Apartments in Yelahanka. This action followed directives from the Fire and Emergency Services Department, which cited lapses in renewing mandatory fire safety clearances. Residents contended that they were not granted a fair hearing before these punitive measures were initiated. The court's stay offers temporary relief as the legal proceedings continue.Read more

09 Jun 2025

The UK housing market witnessed a significant dip in mortgage approvals earlier this week, hitting their lowest point since early 2024. This decline followed the end of the stamp duty holiday, which had previously boosted borrowing and transactions. Mortgage approvals fell short of forecasts, while net mortgage lending also recorded a notable drop. However, a year-on-year rise in house prices and a spike in consumer credit borrowing revealed a complex picture, hinting at sustained demand alongside potential signs of financial stress in households.Read more

09 Jun 2025

Hyderabad's residential real estate sector encountered a slowdown earlier this year, with overall home sales dropping by 12% compared to the previous year. The total registration value also dipped marginally by 4%. However, the premium housing segment defied this trend, showing a notable increase in both sales share and value contribution. Properties priced above INR 1 crore rose to represent 20% of all registrations, up from 17% a year earlier, and accounted for over half of the total registration value. Demand for larger homes continued to grow, reflecting a clear buyer preference for more spacious and upscale residences.Read more

09 Jun 2025

In a significant move to protect occupants of structurally unsafe buildings in Mumbai, the Maharashtra Housing and Area Development Authority (MHADA) has introduced a monthly rental support of INR 20,000 for tenants residing in 96 cessed buildings declared critically dangerous. The decision, announced earlier this week, comes amid growing concern over safety risks with the monsoon approaching. The authority also plans to lease 400 temporary tenements through third-party agencies to house displaced residents. This initiative attempts to bridge a stark gap in available transit accommodation, with over 2,400 residents in need but fewer than 800 units presently ready for occupation.Read more

09 Jun 2025

The Ranchi Municipal Corporation (RMC) has urged residents to clear their holding tax dues by the end of this month to benefit from a rebate of up to 10%. The civic body has rolled out this incentive as part of its annual tax recovery campaign to ensure timely compliance and boost municipal revenues. The rebate is applicable only if the full amount is paid in a single transaction, with partial or instalment payments excluded. RMC has activated both online and offline billing modes to facilitate ease of payment for property owners across the city.Read more

09 Jun 2025

The fourth edition of Biznet, a B2B event hosted by CREDAI MCHI Thane, turned out to be a resounding success, drawing over 170 developers from the Mumbai Metropolitan Region (MMR) and more than 20 vendors. Held at TopTop Plaza in Thane West, the event aimed to foster collaboration between suppliers and developers, showcase emerging technologies, and generate business worth INR 100 crore-an ambitious target that was met. Purchase managers and key industry stakeholders used the platform to forge connections, sign MoUs, and discuss innovation in real estate.Read more

09 Jun 2025

A special court in Mumbai has formally closed the long-running criminal case against real estate developer Niranjan Hiranandani, linked to the Powai Area Development Scheme (PADS). The closure follows a report from the Maharashtra Anti-Corruption Bureau (ACB), which found no substantial evidence of wrongdoing. The case stemmed from allegations that Hiranandani's firm, part of a 1980s tripartite agreement with the state, had failed to deliver promised affordable housing, instead building luxury residences on concessional land, allegedly causing a loss of INR 30,000 crore. The ACB's report found no proof of corruption or conspiracy, a view the court upheld, stating that further proceedings would serve no purpose. The verdict concludes a decades-old case surrounding one of Mumbai's major urban development projects and underscores the scrutiny on public-private real estate ventures.Read more

09 Jun 2025

Mumbai's property market recorded 11,565 housing registrations last week, generating INR 1,062 crore in revenue for the Maharashtra government. This marks a 17.7% year-on-year increase, compared to 9,823 registrations during the same period last year, as per government data. It is also the second-highest May figure in 12 years, after May 2022's spike due to pandemic-era stamp duty concessions. Knight Frank India reported that 80% of these registrations were for residential properties, with Mumbai's western suburbs accounting for 60% of the activity. Despite no new government incentives, stamp duty revenue rose 7% from last year's INR 992 crore. The steady rise in registrations highlights strong buyer confidence and sustained demand in the city's property market. The data indicates a positive trend for Mumbai real estate, driven by long-term investment sentiment.Read more