16 Dec 2025

China’s residential property prices continued to decline in November, reflecting persistent weakness in demand despite repeated assurances from policymakers. Official data showed both monthly and annual price drops, with pressure visible across new and secondary home markets. Price falls widened across major and smaller cities, underlining the depth of the slowdown that began in mid-2021. Economists expect the downturn to extend into 2026, citing oversupply and fragile buyer sentiment. International agencies and analysts continue to urge stronger, targeted action to address the prolonged property crisis.Read more

16 Dec 2025

The Brihanmumbai Municipal Corporation (BMC) conducted an online lottery for 426 residential units under the Development Control and Promotion Regulations 2034, with 373 applicants selected and 362 placed on a waiting list. Successful applicants are being notified through email, followed by official letters for document verification. BMC also plans another draw for 296 units across the city. This move reinforces the civic body's efforts to make affordable housing accessible to Economically Weaker Section (EWS) and Low-Income Group (LIG) applicants, addressing the long-standing demand for inclusive homes in Mumbai.Read more

16 Dec 2025

UK home sellers lowered asking prices more than usual for this time of year, reflecting caution around the property market following the government's budget. Data from Rightmove showed a steeper monthly decline than the long-term average, with prices also slipping on an annual basis. The slowdown was most visible ahead of new policy clarity, although early signs of recovery have emerged in parts of London's prime market. Despite near-term weakness, Rightmove expects market conditions to stabilise and forecasts moderate price growth and stronger buyer activity in 2026.Read more

15 Dec 2025

Jaypee Infratech Limited has received Occupancy Certificates for five more towers at its Kensington Boulevard Apartments project in New Delhi, covering 423 residential units. With this approval, the developer has now secured certificates for 31 towers comprising 3,135 homes, marking steady progress in project delivery. Applications have also been submitted for 11 additional towers with over 1,000 units, with approvals expected soon. The company said it remains focused on meeting timelines outlined in its resolution plan and fulfilling homebuyer commitments. Under the current management, construction activity has accelerated, with tenders awarded for all remaining towers and work progressing to enable timely handovers.Read more

15 Dec 2025

The Airports Authority of India’s high-frequency radar at Dahisar in Mumbai will be relocated to Gorai, a move set to free up around 1,000 acres of land across 6 km for affordable housing projects. The decision, agreed upon by the Civil Aviation Ministry, Maharashtra government, and other stakeholders, aims to overcome building height restrictions imposed by radar installations in Dahisar and Juhu. Over the next five years, an estimated 50,000 homes are expected to be constructed or redeveloped, improving housing availability, urban infrastructure, and employment opportunities in North Mumbai.Read more

15 Dec 2025

Godrej Properties has recorded housing sales bookings of over INR 2,600 crore in Hyderabad within its first calendar year of operations, marking a strong entry into the city's residential market. The developer launched its first project in Kokapet earlier this year, followed by a second residential development, both of which saw healthy demand for premium and luxury homes. The company sees Hyderabad as a high-growth market backed by stable regulations, infrastructure expansion and steady end-user demand. Godrej Properties plans to scale operations further, backed by new land acquisitions in Kokapet and Kukatpally, strengthening its long-term residential pipeline in the city.Read more

15 Dec 2025

Dubai's residential property market is expected to remain on a growth path through 2026, supported by strong population inflows and limited availability of completed homes. While off-plan prices are likely to see steady, moderate gains, the secondary market is set to outperform due to tight supply in established locations such as Dubai Marina, Business Bay and JLT. Rising expatriate arrivals, stable economic growth and investor-friendly visa policies continue to drive housing demand. Infrastructure upgrades, low inflation and healthy rental yields are further strengthening buyer confidence. Despite new supply planned over the next two years, demand is expected to outpace additions, sustaining price momentum across key residential markets.Read more

15 Dec 2025

Satya Group, in partnership with Maple Group, has announced a new luxury residential project in Gurugram, named Levante Residences. Spread over 5 acres in Sector 104 along Dwarka Expressway, the development will feature three towers comprising 488 units. The project involves an investment of around INR 1,600 crore for land and construction, with expected sales revenue of INR 2,000 crore. Satya Group has previously developed 12 million sq ft across major cities including Delhi, Gurugram, Noida, Bengaluru, Goa, Indore, Bhatinda, and Patiala, while Maple Group has delivered over 50 million sq ft of residential, commercial, and hotel projects in the NCR.Read more

15 Dec 2025

The NCLT has approved separating CHD Vann from the insolvency case of CHD Developers, giving landowner Roots Developers full control to revive the long-delayed housing project in Gurugram’s Sector 71. Launched in 2014, the 10-acre project includes 569 units but stalled after CHD Developers entered insolvency, leaving buyers waiting for over a decade. Under a settlement with Edelweiss ARC, Roots will pay INR 22.9 crore to clear claims and take over all rights to the project. The developer plans to finish construction, deliver homes to existing allottees and sell remaining units to fund completion. The move offers relief to buyers and supports revival of stalled projects in the region.Read more

15 Dec 2025

Realia Business SA has awarded a construction contract valued at 15.3 million EUR to FCC Construccion for the development of 47 residential units in Tres Cantos, Madrid. The contract, approved by Realia’s board, reflects the company’s ongoing focus on expanding its housing portfolio in strategic locations around the Spanish capital. FCC Construccion, a leading construction firm, will manage the entire development. This collaboration underscores Realia’s commitment to timely and high-quality project execution, meeting growing residential demand in the region while leveraging the technical expertise of an experienced construction partner.Read more

15 Dec 2025

Bhumika Group has launched The Icon, a large mixed-use real estate project in Faridabad with an investment of INR 700 crore. The development will include premium residential homes along with commercial spaces, with total sales potential estimated at around INR 1,500 crore. All housing units will be launched in the first phase, while a hotel tower with serviced suites will be added later, strengthening the project’s hospitality component. Planned for completion over a little more than four years, the project is located on a key growth corridor with improving NCR connectivity. The launch aligns with Bhumika Group’s broader investment plans in Faridabad, where it is expanding its presence through retail hubs and integrated township developments.Read more

14 Dec 2025

Britain’s housing market has slowed following the recent budget, with RICS reporting new buyer enquiries dropping to -32% in November, the weakest level since September 2023. Much of the survey was completed after the government announced a planned annual tax on homes worth over £2 million, set to begin in April 2028. While the high threshold limits immediate impact, leaked budget details also dampened activity. RICS noted the market has struggled for momentum due to affordability pressures and high borrowing costs. House price readings improved slightly to -16%, suggesting moderate adjustments. Overall, demand remains cautious, especially for high-value properties.Read more

14 Dec 2025

The Department of Town and Country Planning (DTCP) in Gurugram carried out a major enforcement drive earlier this week against unauthorised colonies developing close to the KMP Expressway. Officials cleared illegal plotting across nearly 8.3 acres in the Sultanpur revenue area by removing DPC structures, internal roads, boundary walls and a dealer office used to mislead buyers. The department also acted on a citizen complaint to demolish an unauthorised shop inside a Sector 50 housing society. The recent action reflects DTCP's ongoing efforts to check unapproved development along high-demand corridors.Read more

14 Dec 2025

Canada saw a slight increase in its household debt-to-income levels in the past quarter, reflecting the continued pressure on families from borrowing costs and slower income growth. The debt-to-income ratio inched up to 174.8%, indicating that households owed nearly 1.75 times their disposable income. National net worth recorded a modest rise to about CAD 19.38 trillion, although per capita net worth dipped to around CAD 462,747. These movements highlight ongoing financial strain on individual households despite overall national balance sheets remaining stable.Read more

14 Dec 2025

Casagrand has made its international debut with the launch of Casagrand Hermina, a USD 120 million luxury residential project in Dubai Islands. The Chennai-based developer plans to build around 6 million sq ft of premium homes and mixed-use spaces across the UAE over the next three years. Casagrand Hermina will offer 131 upscale residences in a waterfront district, featuring spacious layouts, private pools, jacuzzis and modern design elements. The project is located in Dubai Islands, a key focus area under the Dubai 2040 Plan, with strong future connectivity and lifestyle infrastructure. The launch marks Casagrand's first step toward building a long-term global presence.Read more

14 Dec 2025

The Punjab and Haryana High Court has overturned the Chandigarh Housing Board's rejection of jhuggi dwellers & applications under the Chandigarh Small Flats Scheme, 2006. The court observed that applicants were denied an opportunity to be heard and notices were not issued, violating natural justice. It directed the administration and housing board to re-examine these applications and pass a reasoned decision within two months. The ruling reinforces the right to housing under Article 21 and ensures that dwellers who previously faced procedural lapses receive fair consideration for rehabilitation in Chandigarh.Read more