30 Dec 2025

Care Property Invest NV has acquired the Emera Alicante Residential Care Centre in Spain, planning to house 139 residents in 122 rooms by 2028, with an investment of around EUR 14.4 million. This acquisition strengthens the company's presence in the European healthcare real estate sector, following its ongoing strategy of investing in high-quality senior living facilities. By expanding its portfolio with modern, well-located care centres, Care Property Invest aims to meet the growing demand for residential care while ensuring stable long-term returns and supporting sustainable growth in its investment base.Read more

30 Dec 2025

India's USD 500-billion real estate market saw a second consecutive drop in new home sales volume in 2025, with a 14 per cent decline following last year's 4 per cent fall, mainly due to high prices affecting affordability. While volume fell, the value of sales grew because of price appreciation and a shift toward luxury homes. Affordable and mid-income housing faced limited supply. Commercial real estate and institutional investments surged, driven by office, retail, and warehousing demand. Developers and industry bodies expect 2026 to show calibrated growth supported by economic stability, lower interest rates, and potential policy support.Read more

30 Dec 2025

The Department of Town and Country Planning in Gurugram has initiated enforcement action against Sewa Corporate Park on MG Road for alleged unauthorised subdivision and sale of commercial units. Officials said the project had approvals for change of land use and occupation but was later split into shops and offices without the mandatory licence under state planning laws. A show-cause notice has been issued, and registrations of further sale deeds have been halted. Authorities are reviewing executed sale deeds to assess the extent of violations, while the municipal corporation may take separate action for breach of land-use conditions. The move reflects stricter enforcement to curb unauthorised commercial development and safeguard buyer interests.Read more

29 Dec 2025

Residential property sales across India's top seven cities fell sharply in 2025, declining about 14% year-on-year as higher prices, economic uncertainty, and job cuts impacted buyer sentiment. Around 3.96 lakh homes were sold, compared to 4.6 lakh units in 2024. Despite lower volumes, the total value of homes sold rose 6% to over INR 6 lakh crore, driven by steady demand for premium and luxury housing. MMR and Pune led sales but saw notable declines, while Chennai stood out with 15% growth. New housing launches remained stable, with a growing share of high-value homes. Average prices rose 8%, and unsold inventory edged up slightly.Read more

29 Dec 2025

Delhi Police's Crime Branch has busted an organised property fraud syndicate that duped a woman of INR 12.04 crore through a fake sale of a luxury apartment at DLF Camellias in Gurugram. Five accused have been arrested for using forged bank auction documents to falsely claim ownership of the property. Investigations revealed that the defrauded amount was routed through multiple bank accounts to conceal transactions. Police believe the group has carried out similar scams across states, with total fraud proceeds estimated to exceed INR 200 crore.Read more

29 Dec 2025

Union Minister of State for Home Affairs Nityanand Rai inaugurated newly constructed tenements under the Puducherry Smart City Mission, providing permanent housing to sanitary workers who earlier lived in unsafe and overcrowded conditions. The project includes six residential blocks with basic civic infrastructure and is aimed at improving living standards for 220 beneficiary families. Alongside housing, the minister also opened a mini stadium and commissioned power infrastructure projects, reflecting a broader push to strengthen urban services and community facilities under the Smart City programme.Read more

29 Dec 2025

Hong Kong's private home prices rose for the sixth straight month, increasing 0.9% month-on-month in November, supported by lower interest rates and stronger equity markets. Prices are up 2.8% so far this year, reversing declines seen since 2021, though values remain well below their peak. Government support measures and rate cuts have helped sentiment, but demand is still cautious. Analysts see signs of the market stabilising, with future price trends hinging on further rate cuts and external economic risks.Read more

29 Dec 2025

The Navi Mumbai Municipal Corporation has issued a notice to CIDCO regarding lapses in the implementation of prescribed pollution control measures at ongoing mass housing project sites within its jurisdiction. The civic body has emphasised strict compliance with the standard operating procedures related to air and noise pollution at construction sites to maintain air quality across the city. During recent inspections, violations were observed at CIDCO-led housing project sites near Juinagar railway station in Sanpada and in Vashi. The corporation has directed CIDCO to implement corrective measures and submit a compliance report within a stipulated timeframe, failing which action, including construction stoppage, may be initiated as per regulations.Read more

29 Dec 2025

The National Company Law Tribunal has approved a resolution plan submitted by Ambuja Housing and Urban Infrastructure Company Ltd to take over and complete the long-stalled Usshar residential project at Batanagar near Kolkata. The approval enables a parcel-wise resolution of the debt-laden Riverbank Developers Private Ltd, the original promoter of the larger Calcutta Riverside township. Under the plan, the Ambuja Neotia Group subsidiary will acquire the 9.4-acre Usshar parcel for an upfront payment of INR 34 crore and complete the remaining construction. The move is expected to bring relief to homebuyers who have faced prolonged uncertainty and allow the project to progress independently of broader liabilities.Read more

28 Dec 2025

Residents of Kathbangla colony along the Rispana riverbank in Dehradun continue to live under the fear of eviction and demolition as the promised Economically Weaker Section (EWS) flats are yet to be handed over. Notices from the Mussoorie Dehradun Development Authority (MDDA), issued under a National Green Tribunal directive, gave 116 families 15 days to vacate. Over a month later, relocation has not taken place due to pending infrastructure work at the EWS site. The prolonged delay has caused anxiety, protests, and uncertainty for the affected families.Read more

28 Dec 2025

Housing sales across India's seven major cities declined 14 per cent over the past year to about 3.96 lakh units, impacted by high prices, weaker demand, and job cuts in the IT sector, according to Anarock. Despite lower volumes, the total sales value rose 6 per cent to over INR 6 lakh crore due to continued price growth. Average housing prices increased 8 per cent, though the pace of appreciation slowed to single digits. Chennai was the only city to record a rise in sales, while all other major markets saw declines.Read more

28 Dec 2025

RG Group has completed the first phase of its long-delayed RG Luxury Homes project in Sector 16B, Greater Noida West, delivering all 1,918 residential units after years of delays and insolvency proceedings. The project, which entered insolvency in 2019, restarted construction under a reverse insolvency framework with oversight from an interim resolution professional. Occupancy certificates for all towers are now obtained, while refunds and registry processes for homebuyers are underway. The development demonstrates how structured financial and regulatory measures can revive stalled real estate projects effectively.Read more

28 Dec 2025

GHR Infra has introduced GHR Trivana, a boutique villa development in South Hyderabad, adding a low-density option to the city's growing villa market. Spread across 5.61 acres, the project comprises 52 villas and is fully registered with Telangana RERA. The development focuses on cross-ventilation, natural light and a wide range of lifestyle amenities, while targeting IGBC Gold pre-certification. Located near the Nehru Outer Ring Road, the project benefits from strong airport access and proximity to emerging industrial and employment hubs in the southern corridor.Read more

Navi Mumbai News Desk

28 Dec 2025

The Navi Mumbai Municipal Corporation (NMMC) carried out a decisive anti-encroachment drive in the Turbhe division, targeting newly erected illegal structures on open land in Sanpada. Acting on the directions of Municipal Commissioner Dr. Kailas Shinde, the demolition was undertaken to curb unauthorized development and protect public land. The operation resulted in the removal of around eight illegal hutments and was executed with adequate manpower, machinery and police support to ensure smooth implementation. Civic officials reiterated that such enforcement actions will continue with greater intensity in the future to deter encroachments and maintain planned urban development across Navi Mumbai.Read more