21 Apr 2025

Mulund, traditionally seen as the Gateway of Mumbai's Central Suburbs, is now positioning itself as a strategic real estate hotspot, bridging the city Eastern and Western corridors. Fuelled by major infrastructure projects such as Metro Line 4, Metro Line 5, and the upcoming Goregaon-Mulund Link Road (GMLR), the locality has witnessed a 42% increase in capital values between 2021 and 2024. With its green landscapes, expanding luxury housing, and growing commercial presence, Mulund is redefining urban living by combining nature, connectivity, and modern amenities attracting both mid-income and premium homebuyers.Read more

21 Apr 2025

Cricketer KL Rahul and actor Suniel Shetty have jointly purchased a 7-acre land parcel in Owale, Thane West, for INR 9.85 crore, marking a strategic investment along the rapidly developing Ghodbunder Road corridor. The deal, registered on March 20, 2025, is part of a larger 30-acre holding, hinting at potential future development. Their move aligns with growing celebrity interest in Mumbai's suburban markets, driven by infrastructure projects like Metro Line 4 and the Borivali - Thane Twin Tunnel. The duo latest acquisition adds to their growing real estate portfolio, including a INR 20-crore Bandra apartment and an INR 8-crore buy in Khar.Read more

18 Apr 2025

A new study by Grihum Housing Finance highlights rising property prices in Delhi-NCR's micro-markets, driven by post-pandemic homeownership demand, migration, and government schemes like PMAY. The Grihum Guide to Affordable Housing: Delhi-NCR Edition analyses data from 2005 to 2024, showing how "Housing for All" is reshaping areas like Kakrola, Palam, and Shyam Vihar. Grihum CEO Manish Jaiswal stressed that understanding asset-level risks-especially Loss Given Default (LGD)-is crucial for sustainable growth in the sector. The report also proposes EMI ranges based on buyer income and addresses infrastructure gaps, calling for fast-track policy support. It serves as a key resource for developers, investors, and policymakers.Read more

18 Apr 2025

The Mumbai Khadi & Village Industries Association (MKVIA) has sold a 3.84-acre land parcel in Borivali (West) for INR 539 crore to a local developer, highlighting rising land demand in Mumbai's suburbs. The buyer has paid INR 52 crore upfront, with the balance tied to project milestones and final occupancy. Originally under occupancy class-II, the land was converted to freehold (class-I) after MKVIA paid a INR 51.7 crore premium. The sale followed a formal auction process and regulatory approvals. The site is expected to host a residential-led mixed-use development, leveraging Borivali's robust infrastructure and growing end-user demand.Read more

18 Apr 2025

NBCC (India) Ltd has successfully mobilized over INR 7,000 crore through bulk auctions of residential units from stalled Amrapali projects, marking a major step in reviving nearly 46,000 delayed homes in Noida and Greater Noida. By selling over 3,700 units to private developers, including Mansan Builders, Gaursons India, and Happy Valley Infra, NBCC has fast-tracked funding and cleared significant dues. The company plans to auction 3,400 more units and repay bank loans while developing new housing across six major projects. These efforts, supervised by the Supreme Court-appointed receiver, signify steady progress toward completing the long-pending Amrapali housing developments.Read more

18 Apr 2025

CREDAI Bengaluru has appointed Zayd Noaman as its new president, succeeding Amar Mysore. Noaman, Executive Director at Prestige Group, brings a wealth of experience in corporate finance and strategy. The new office bearers, including President-Elect Bimal Hegde, Vice President Karan R Shetty, and others, will serve a two-year term. The leadership team is focused on promoting sustainability in construction, strengthening partnerships, and improving efficiency in Bengaluru's real estate sector, which saw over 17% of India's residential sales last year.Read more

17 Apr 2025

Earlier this week, over 1,400 distressed homebuyers of the Mahira Homes project in Sector 68, Gurugram, staged a protest at Jantar Mantar, seeking urgent intervention from the central government. The project, launched in 2017 under the affordable housing scheme, has remained incomplete despite buyers having paid between 95% to 100% of the flat cost. The license for the project was revoked in 2022 due to alleged document forgery and financial irregularities, followed by cancellation of its RERA registration. Although a techno-feasibility report by NBCC suggested completion with additional payments, buyers have firmly opposed bearing further financial burden.Read more

17 Apr 2025

The National Company Law Appellate Tribunal (NCLAT) has dismissed the appeal filed by Ram Kishor Arora, former promoter of Supertech Ltd, challenging the initiation of personal insolvency proceedings against him. The Delhi bench of the National Company Law Tribunal (NCLT) had directed these proceedings in February 2025 following a petition by IFCI, appointing an Interim Resolution Professional (IRP). Arora's counsel argued that the ongoing corporate insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC) should preclude personal insolvency actions. However, the NCLAT rejected this argument, stating that the liability of the personal guarantor and the corporate debtor are co-extensive, allowing lenders to proceed against both simultaneously or separately.Read more

16 Apr 2025

The Ranchi Municipal Corporation (RMC) has extended the Pradhan Mantri Awas Yojana (Urban) 2.0 until 2029, aiming to provide housing assistance to low-income families under the Beneficiary-Led Construction (BLC) component. Eligible applicants who are permanent residents within RMC limits as of September 1, 2024, with annual household incomes below INR 3 lakh and no ownership of a pucca house, can receive up to INR 2.5 lakh in financial aid. Applications are accepted both online and offline, requiring documents like Aadhaar, income certificates, land ownership proof, and photographs. Since 2015, over 10,000 beneficiaries in Ranchi have received support under PMAY, and this extension aims to assist thousands more.Read more

16 Apr 2025

HDFC Capital Advisors has partnered with Eldeco Group to develop 18 housing projects across North India's tier-II and III cities, with an investment of INR 1,500 crore. Spanning over 1 crore sq ft, the projects target towns like Panipat, Ludhiana, Rudrapur, and Kasauli, and are expected to generate INR 11,000 crore in revenue. The platform aims to meet the growing demand for mid-income housing driven by improved connectivity and urbanisation. Eldeco's unlisted arm, EIPL, will spearhead execution, while HDFC Capital continues to back affordable housing through its INR 35,000 crore fund portfolio. This move reflects a strategic focus on India's rising non-metro real estate markets.Read more