Gurugram News Desk

26 Jan 2026

The Supreme Court has asked the Haryana government and developer Mahira Buildwell for detailed explanations following allegations of fraud in an Economically Weaker Sections (EWS) housing project in Gurgaon under the Pradhan Mantri Awas Yojana (Urban). Homebuyers claim the developer used forged bank guarantees, fake signatures, and improperly obtained licences while completing only a small fraction of the construction. Authorities, including Haryana RERA, banks, and the town planning department, are also under scrutiny for inaction. The court's review could impact regulatory oversight and homebuyer protection in affordable housing projects.Read more

Mumbai News Desk

26 Jan 2026

The Bombay High Court has instructed civic authorities across Maharashtra not to issue Occupancy Certificates (OCs) for buildings that lack functioning Sewage Treatment Plants (STPs) or proper sewage management systems. The ruling addresses untreated sewage flowing into the Ulhas River from several unauthorized and non-compliant structures in Thane district. The court also directed authorities to identify non-compliant buildings, take action against developers, and ensure accountability among officials who issue OCs in violation of regulations. A further hearing on the matter is scheduled later this month.Read more

26 Jan 2026

The Haryana Real Estate Regulatory Authority (RERA), Gurugram-bench, has issued an advisory urging homebuyers and property investors to conduct transactions only through agents who are registered with the regulator, emphasising the legal and financial risks of engaging unregistered intermediaries. According to the advisory, unregistered agents may make misleading assurances that can lead to disputes and complications later in the transaction process, thereby exposing buyers to potential loss and legal issues. The authority clarified that under the Real Estate (Regulation and Development) Act, 2016, no individual may facilitate the sale or purchase of property in a RERA-registered real estate project without proper registration. It further highlighted that the definition of a real estate agent under the Act encompasses brokers, dealers and other intermediaries who negotiate or introduce buyers and sellers for remuneration. Homebuyers have been advised to verify credentials against the official Gurugram RERA register to enhance transparency and protect their interests.Read more

Hyderabad News Desk

26 Jan 2026

Hyderabad's residential property market concluded 2025 with increased registration activity in December, driven by higher-value homes, according to data from Knight Frank India. Registrations of residential properties in December rose 14% year-on-year, with a total of 6,600 homes recorded, marking one of the strongest months of the year. The aggregate value of homes registered in the month climbed significantly, supported by robust demand for properties priced above INR 1 crore. For the full calendar year, total registrations were slightly lower than the previous year, although the overall value of transactions increased due to a shift towards high-value housing. Premium homes continued to account for a growing share of registrations and transaction value across key micro-markets in the Hyderabad metropolitan region, reinforcing the city's sustained interest among buyers for larger and higher-priced residences.Read more

26 Jan 2026

China's rural banks are struggling to sell a growing number of foreclosed properties despite offering discounts of up to 30%, highlighting the depth of the country's property downturn. Listings on JD.com show sharp increases in bank-led auctions across several provinces, with many properties failing to attract buyers. Falling home prices, weak sales and past developer defaults have eroded collateral values, while maturing COVID-era loans are adding to distressed assets. Analysts warn that foreclosures could rise sharply in the coming years, increasing pressure on banks and the housing market.Read more

25 Jan 2026

India's residential property market recorded a mixed performance last year, with strong demand in southern cities balancing a slowdown elsewhere, according to PropTiger. While overall housing sales across eight major cities fell 12 per cent to about 3.86 lakh units, Bengaluru, Hyderabad and Chennai together saw sales rise 15.5 per cent, crossing 1.33 lakh homes. Chennai led growth with a sharp jump in sales, followed by steady gains in Bengaluru and Hyderabad. Kolkata also reported an increase, while markets such as Mumbai region, Delhi-NCR, Pune and Ahmedabad saw declines. New housing launches dropped to their lowest level since 2021, reflecting a more cautious, supply-disciplined approach by developers aimed at maintaining price stability and avoiding excess inventory.Read more

25 Jan 2026

The Bombay High Court has ordered the demolition of unsafe and unauthorised portions of a 12 storey South Mumbai building after serious safety and planning violations were found. Residents had raised concerns over open ducts, meant for light and emergency access, being converted into rooms and commercial units. The court highlighted missing fire safety systems, unauthorised construction on the top floor, and incomplete Occupation Certificates. Authorities have been directed to issue eviction notices, remove illegal construction, and restore safety compliance to protect residents and public safety.Read more

Lucknow News Desk

25 Jan 2026

The Lucknow Development Authority (LDA) held the third phase of its Anant Nagar Housing Scheme lottery at Indira Gandhi Pratishthan, with 7,429 applications submitted for 637 plots. The draw included five plot sizes in Akash Khand and Adarsh Khand, highlighting steady demand from homebuyers and investors. The scheme is part of LDA's planned township project spanning 800 acres, offering residential plots near key city infrastructure. Earlier phases also recorded high participation. The lottery system ensures transparent allotment and reflects growing interest in organized residential development in Lucknow.Read more

24 Jan 2026

Oscar-winning actor Nicole Kidman has sold one of her luxury Sydney apartments a harbourfront residence with panoramic views of the Sydney Harbour Bridge and Opera House for approximately USD 8.5 million (around INR ~70 crore), marking a profitable exit just two years after purchase. The 15th-floor three-bedroom unit in the prestigious Latitude building at Milsons Point was reportedly bought in 2023 for about USD 7.725 million, netting the actor a healthy gain on investment. Kidman owns multiple properties in the same tower and has been gradually reshaping her global real estate portfolio following the finalisation of her divorce from musician Keith Urban. The buyer is understood to be winemaker David Madson, and though details of future plans for the property aren't public, the sale attracted attention for its premium pricing in Sydney's high-end residential market.Read more

24 Jan 2026

Mumbai's housing market is undergoing a decisive shift as mid-luxury homes emerge as the strongest growth driver heading into 2026. Once positioned between affordability and premium living, this segment has now become the most resilient and scalable category across the Mumbai Metropolitan Region. Backed by stable interest rates, moderating price growth and a sharp improvement in urban connectivity, mid-luxury housing is attracting a broad base of end-users rather than speculative investors. Data from industry bodies shows that the bulk of new launches and absorption is now concentrated in this segment, particularly in suburban and peripheral locations. With infrastructure projects nearing completion, redevelopment gaining pace and buyer preferences evolving towards better layouts and lifestyle amenities, mid-luxury homes are set to define Mumbai's residential demand cycle in the coming year.Read more

23 Jan 2026

The Supreme Court has clearly stated that non-compliance with its earlier orders and administrative delays affecting Unitech Ltd's stalled housing projects will not be accepted. The court expressed concern that permissions and clearances required for construction are being delayed by authorities, impacting thousands of homebuyers. To ensure faster resolution, the court prioritised pending applications and reiterated earlier directions related to approvals, financial arrangements, and regulatory relaxations. The focus remains on removing hurdles that continue to slow down project completion across multiple states.Read more

23 Jan 2026

China's rural banks are facing mounting stress as they struggle to sell a growing stock of foreclosed properties, even after offering discounts of 20-30% below prevailing market prices. According to a Reuters review of listings on JD.com's asset auction platform, banks in several less-developed provinces saw a sharp rise in seized residential and commercial assets during 2025, reflecting deepening strains from the prolonged property downturn. Judicial auction failures in earlier years have left lenders holding illiquid assets, while falling home prices have eroded collateral values. Analysts warn that the problem is likely to intensify as small business loans issued during the COVID period mature and refinancing remains difficult. UBS estimates foreclosed properties could rise sharply by 2027, raising concerns over capital adequacy, asset quality and the sustainability of distressed asset disposal across China's banking system.Read more

Bangalore News Desk

23 Jan 2026

Homebuyers in Bengaluru are voicing concerns over the proliferation of increasingly compact pigeon-hole 2 BHK apartments units that offer generous common amenities but unusually tight internal living spaces as rising land and construction costs push developers to shrink carpet areas to preserve price points. This trend has ignited widespread debate on social media and among property seekers, with many questioning whether Bengaluru is beginning to mirror Mumbai-style housing dynamics, where small, high-priced flats have long been the norm. Data from real estate platforms shows average apartment sizes in the city dropped nearly 8 % year-on-year in 2025, as developers reconfigure layouts to manage affordability pressures. Buyers on forums argue that while Bengaluru's land scarcity isn't as severe as Mumbai's, pricing psychology and market expectations are increasingly driving design choices that prioritise saleability over livability. The discussion reflects broader concerns about housing affordability and quality in one of India's fastest-growing real estate markets.Read more

23 Jan 2026

Industry body NAREDCO has called on the Union government to introduce targeted policy measures for the real estate sector in the forthcoming Budget, including a sharp increase in the home loan interest deduction limit and the grant of industry status. The association has sought a rise in the interest deduction cap for self-occupied homes to INR 5 lakh from the current INR 2 lakh, alongside a revision in the definition of affordable housing. It has proposed that homes priced up to INR 75-80 lakh be classified as affordable, instead of the existing INR 45 lakh threshold. NAREDCO said these steps would support housing demand, particularly in the affordable and mid-income segments. The body also highlighted the need to promote rental housing through fiscal incentives, citing low rental yields that deter private developers from investing in rental-led projects.Read more

23 Jan 2026

Homebuyers association Forum For People's Collective Efforts (FPCE) has urged the government to introduce an interest subsidy on home loans for buyers of affordable and mid-income housing in the upcoming Union Budget. The body argued that the real estate market has increasingly tilted towards luxury housing, leaving middle-class and first-time buyers with limited viable options. FPCE has proposed a buyer-centric subsidy framework, under which benefits would flow directly to eligible homebuyers rather than developers, and only if EMIs are serviced on time and promoters do not default. The association has also called for clear, uniform definitions of affordable and mid-segment housing, including price caps per sq ft, and incentives to promote housing development in semi-urban areas to reduce pressure on major cities.Read more

23 Jan 2026

Raymond Realty has announced the launch of a new luxury residential development in Wadala, Mumbai, marking another expansion of its footprint in the Mumbai Metropolitan Region. Spread across 5.62 acres, the project, titled The Address by GS, Wadala, carries an estimated revenue potential of around INR 5,000 crore, underscoring the company's focus on high-value urban housing. While the developer has not disclosed the project cost or the number of apartments planned, the launch aligns with Raymond Realty's asset-light growth strategy and long-term value creation plans. The project adds to the company's growing portfolio since its entry into real estate in 2019 and reflects sustained developer confidence in Mumbai's premium residential market despite broader economic uncertainties.Read more

Gurugram News Desk

23 Jan 2026

The Enforcement Directorate (ED) has provisionally seized two ultra-luxury apartments in Gurugram valued at a combined INR 73 crore as part of an expanding money-laundering investigation linked to the Gensol Group and its associated entities. The properties, located in the high-end residential complexes DLF Camellias and DLF The Magnolias, were attached under the Prevention of Money Laundering Act (PMLA) on allegations that the group's promoters diverted public funds and grants for personal enrichment. One apartment, registered to a Gensol Group company, is valued at about INR 40.57 crore, while the other, held by an associated firm, is worth around INR 32.28 crore. Alongside the properties, the ED has also frozen over INR 14 crore in bank balances held across group-related accounts. The action follows multiple First Information Reports (FIRs) filed by law enforcement agencies, including the Economic Offences Wing of the Delhi Police and the Central Bureau of Investigation, in connection with alleged criminal conspiracies involving diverted loans and state-backed grant funds.Read more