25 Dec 2025

The Odisha government has introduced a standard fee of INR 20,000 for transferring common areas in apartment complexes from developers to owners associations. The move aims to bring clarity and consistency to a process that often faced delays and varying charges. Developers will pay the fixed fee to municipal authorities while handing over shared facilities such as internal roads, gardens, lifts, corridors and lobbies. The policy also outlines clear documentation and procedural requirements to ensure timely transfers. By simplifying costs and processes, the decision is expected to reduce disputes, improve post-occupancy management, and help both developers and resident associations plan maintenance and governance more effectively as urban housing continues to expand across the state.Read more

25 Dec 2025

The Telangana Housing Board has launched the sale of affordable low-income group (LIG) flats in Hyderabad, aiming to broaden homeownership opportunities for lower-income residents. The housing authority opened applications for units designed to be economically accessible, supported by policy incentives and streamlined allotment procedures to facilitate participation. The move aligns with broader state objectives to promote inclusive urban development, reduce the housing shortage and support first-time buyers. Prospective applicants have been encouraged to review eligibility criteria and submit required documentation within the prescribed timeline.Read more

25 Dec 2025

Elan Group has partnered with luxury beauty and wellness brand Levo Spalon to introduce an exclusive, residents-only wellness facility at its newly launched ultra-luxury residential project, Elan The Statement, in Sector 49, Gurugram. The collaboration is positioned as a key lifestyle differentiator, integrating premium grooming, spa and holistic wellness services within the project's clubhouse, as the developer sharpens its focus on experiential, wellness-led luxury living in Gurugram's high-end residential market.Read more

Bangalore News Desk

24 Dec 2025

North Bengaluru is rapidly evolving from an airport-linked outskirts into a key urban growth corridor, supported by major infrastructure upgrades, improved road connectivity and upcoming developments such as KWIN City and the Yelahanka State Township. Proximity to Kempegowda International Airport has further boosted the region's appeal among homebuyers and investors. Reflecting this momentum, Sattva Group has launched Sattva Aeropolis Phase II along the airport corridor, following strong demand for Phase I. The project focuses on integrated, nature-led living with strong connectivity and future readiness. Backed by over three decades of experience and a CRISIL "A Stable" rating, Sattva Group continues to expand its presence in Bengaluru's high-growth residential markets.Read more

Gurugram News Desk

23 Dec 2025

An FIR has been filed against the directors of Ocean Seven Buildtech Pvt Ltd after homebuyers raised allegations of fraud, fund diversion, and criminal breach of trust in the stalled Expressway Towers affordable housing project in Gurugram. Buyers claimed that allotted flats were illegally cancelled and resold, construction has remained incomplete for years, and intimidation tactics were used to prevent oversight. The police have begun investigating financial records, escrow transactions, and project documentation to determine accountability. This case adds to ongoing scrutiny of developers failing to deliver promised affordable housing.Read more

23 Dec 2025

Roswalt Realty recorded a 100% sell-out of its newly launched residential project, Roswalt Zeya, in Oshiwara, Andheri West, within 12 hours of launch, underlining robust buyer demand for well-located and efficiently designed homes in Mumbai. The 24-storey single-tower development offers 110 premium 1 BHK and 2.5 BHK residences with compact, Vastu-compliant layouts focused on functionality rather than excess. Located on SV Road, the project benefits from strong connectivity to major transport corridors and lifestyle hubs.Read more

23 Dec 2025

Modon Holding PSC has formed a joint venture with related companies and Panepinto Properties for the development of Harborside 4. The company has acquired a majority equity stake in the project, securing a controlling interest. Construction is expected to commence in Q1 2026, with completion targeted for Q1 2029. Financing for the development will be provided by a consortium of banks led by J.P. Morgan. The project reflects Modon's continued focus on long-term real estate developments backed by structured financing and strategic partnerships.Read more

23 Dec 2025

LIC Housing Finance has lowered interest rates on new home loans, with revised rates starting from 7.15%, effective earlier this week. The reduction applies to all fresh loan sanctions and comes in the backdrop of the recent 25 basis point repo rate cut by the Reserve Bank of India's Monetary Policy Committee. The move is aimed at improving housing affordability and supporting buyer sentiment at a time when homebuyers are carefully reassessing purchase decisions amid broader economic uncertainty.Read more

23 Dec 2025

In Hubballi's Kallur layout, homes built under the Smart City project for families displaced by the Vani Vilas Circle Road expansion remain unoccupied due to incomplete infrastructure work. Out of 80 completed homes, 47 have been allotted, but beneficiaries have not received possession. Delays in electrical meter installations, sanitation, and other basic amenities have caused the hold-up. Some homes have suffered minor damage over time. Civic authorities say the electrical work, costing around INR 4 lakh, is now complete, and handovers are expected soon.Read more

22 Dec 2025

The Delhi High Court has imposed costs on a habitual petitioner for repeatedly filing similar pleas related to alleged illegal construction activities, chastising the litigant for misusing judicial time and clogging court dockets. The bench observed that the successive petitions raised identical issues that had already been addressed earlier, leading to unnecessary repetition and judicial burden. By directing the petitioner to pay costs, the court underscored the need to deter frivolous litigation and preserve judicial resources. The order emphasises that courts are obliged to protect their processes from misuse, and that litigants must ensure new petitions present fresh grounds rather than rehashing settled matters.Read more

22 Dec 2025

CREDAI has urged the government to extend tax incentives for developers building affordable housing in the upcoming Union Budget, pointing to rising construction and land costs. The industry body has also called for revising the affordable housing price cap of INR 45 lakh, introduced in 2017, saying it no longer reflects current market realities. CREDAI has suggested raising the limit to INR 90 lakh or removing it to support housing supply in urban and semi-urban areas. It also sought a reduction in GST on construction inputs to lower overall project costs. The association highlighted strong post-pandemic housing demand, improved transparency under RERA, and its continued focus on sustainable and green real estate development.Read more

22 Dec 2025

Keystone Realtors is gearing up to launch a super luxury residential project in Bandra, Mumbai, with a GDV of around INR 3,000 crore. The company has recorded property sales of INR 1,839 crore in the first half of the fiscal year, a 40 per cent increase annually, and aims to achieve INR 4,000 crore in bookings. Keystone plans four more project launches in the second half of the year, investing INR 950 crore in construction. Strong demand in MMR and reduced home loan rates are expected to support continued sales growth.Read more

22 Dec 2025

The Comptroller and Auditor General of India has identified significant lapses in the implementation of a major affordable housing scheme in Chhattisgarh, highlighting delays, cost overruns and procedural deficiencies. The audit found that key project timelines were missed and that financial irregularities and inadequate monitoring weakened delivery of the government's housing objectives. Shortcomings included poor planning, lack of timely approvals, and non-adherence to contractual benchmarks, which collectively reduced the scheme's effectiveness. The findings signal a need for strengthened oversight, rigorous project management and tighter compliance with policy guidelines to ensure public funds are efficiently used and intended beneficiaries receive housing benefits in a timely manner.Read more

22 Dec 2025

US existing home sales edged up marginally in the past month, rising 0.5% to an annualised pace of about 4.13 million units, indicating a stable but subdued housing market. Despite the monthly gain, sales remained lower than last year as high borrowing costs and economic uncertainty continued to weigh on buyer sentiment. Limited new listings and slower inventory growth kept supply tight, supporting home prices, which rose to a median of around USD 409,200. Mortgage rates stayed above 6%, affecting affordability, especially for first-time buyers. With homes taking longer to sell and cash buyers playing a larger role, the market showed steadiness rather than a clear recovery.Read more