10 Dec 2025

The Centre has approved more than 1.11 crore homes under the Pradhan Mantri Awas Yojana, with a significant share already delivered to beneficiaries. Nearly 1.10 crore homes have been grounded and about 95.54 lakh have been completed. A 2020 survey showed that around 6.5 crore people continue to live in slums across India. While the Centre funds PMAY-Urban and its updated PMAY-U 2.0 version, states and Union Territories handle land, slum rehabilitation and relocations. Most of the INR 2.05 lakh crore central assistance sanctioned for these schemes has already been released and utilised.Read more

10 Dec 2025

Embassy Developments reported a strong market response to Embassy Greenshore, its newly launched premium residential project at Embassy Springs in North Bengaluru, securing bookings worth around INR 860 crore within five days. The 14-acre development includes 878 larger-format apartments across two phases, targeting upper-mid-segment buyers seeking spacious layouts and master-planned community living.Read more

10 Dec 2025

Sanghvi Realty has announced two new residential projects-Sanghvi Tirth in Andheri and Sanghvi Morya in Shivaji Park-with a combined Gross Development Value of INR 220 crore. Both sites have been demolished and are awaiting Commencement Certificates before construction begins. The firm said the locations were selected for their strong connectivity and steady end-user demand. The launches follow other recent developments such as Sanghvi Palazzo, Sanghvi Aria and Sanghvi Optima, reflecting the company's delivery-focused approach. Directors Pakshal and Shankesh Sanghvi noted that the projects reinforce the firm's commitment to Mumbai's core housing markets. Construction will commence once regulatory approvals are secured.Read more

10 Dec 2025

Sanjali Bajaj has acquired a sea-view apartment in Worli for INR 66.41 crore. The 5,510 sq ft apartment includes a 430 sq ft balcony and additional podium-level parking/ancillary space of over 1,370 sq ft. The stamp duty for the mid-November transaction was INR 3.32 crore, with a price of roughly INR 1.20 lakh per sq ft. This follows earlier Bajaj family purchases in Mahalaxmi worth INR 104 crore. The acquisition indicates that demand for ultra-luxury, sea-view homes among India's wealthy remains strong and continues to define Mumbai's premium real estate market.Read more

09 Dec 2025

A deadly fire at Hong Kong's Wang Fuk Court has raised questions about contractor safety and regulatory oversight. Documents reveal residents were wrongly assured that Prestige Construction had a clean safety record, despite multiple past violations. Homeowners repeatedly raised concerns over fire hazards and rising renovation costs, attempting to revoke the contract. Following the blaze, Prestige and consulting firm Will Power are under manslaughter and anti-corruption investigations. Authorities report that substandard scaffolding mesh and flammable foam boards contributed to the fire, which claimed at least 159 lives, marking Hong Kong's deadliest incident since 1948.Read more

09 Dec 2025

Karnataka RERA has launched a unified single-window clearance system to streamline and speed up approvals for real estate projects across the state. Instead of applying separately to multiple departments, developers can now submit all documents through one portal, which will coordinate with the required statutory authorities. The move is designed to reduce delays, cut bureaucratic hurdles and improve transparency in the approval process. By centralising clearances, Karnataka RERA aims to provide developers with greater certainty and enable quicker project launches. Homebuyers are expected to benefit from faster delivery timelines, while regulators gain better coordination, oversight and accountability.Read more

09 Dec 2025

UK house prices remained flat in November, following October's modest growth, with annual growth slowing to its weakest since early 2024. Market caution ahead of the Autumn Budget contributed to stagnation, though affordability reached levels not seen since 2015, easing pressure on buyers. Regional trends varied, with slight declines in the south and modest gains in the north. Other lenders confirmed the slowdown, while Halifax expects gradual growth next year, aided by steady activity and anticipated lower interest rates.Read more

09 Dec 2025

Antara Senior Living, part of Max India Limited, has partnered with Max Estates to manage Estate 361, an 18.23-acre forest-themed senior living community in Gurugram. Following the success of Estate 360, Estate 361 will feature 360 residences and an integrated wellness centre combining modern healthcare with traditional therapies. Designed for accessibility and active ageing, the development offers extensive recreational and wellness amenities. With India's senior population rising rapidly and traditional family structures evolving, professionally managed senior living solutions like Estate 361 are increasingly essential. Antara is leveraging its healthcare and real estate expertise to address this demand.Read more

09 Dec 2025

Smartworld Developers has decided to expand beyond Gurugram with a major entry into Noida through a mixed-use project planned on a newly acquired 6-acre land parcel in Sector 98. The company secured the plot for INR 414 crore through an auction and intends to invest about INR 2,000 crore in development. The project will include branded residences, high-street retail and serviced homes, and is expected to generate revenue of more than INR 3,000 crore. Smartworld, which recorded INR 6,400 crore in sales bookings last fiscal year, is also exploring a collaboration with a global brand for this project.Read more

09 Dec 2025

Haryana's urban local bodies minister has directed officials in Panchkula to fast-track the allotment of residential plots and houses to poor families, reviving stalled work under state housing schemes. The municipal commissioner has been asked to clear pending cases, resolve procedural delays and ensure timely possession for eligible beneficiaries. The push follows earlier rounds in which thousands received plot-allotment letters and interim ownership certificates, though many units remained unallotted due to administrative backlogs. The directive stresses transparency, accountability and quick verification of documents, underscoring the government's broader goal of providing permanent, legally owned homes to underprivileged families as part of its housing-welfare commitments.Read more

08 Dec 2025

UP RERA has informed homebuyers that 129 real estate projects developed by 14 companies are currently under the Corporate Insolvency Resolution Process, and therefore, buyers must submit their claims only to the Insolvency Resolution Professionals appointed by the NCLT. The authority explained that a moratorium under the Insolvency and Bankruptcy Code is in force, which prevents RERA from conducting hearings, issuing orders, or enforcing past directions for these projects. Buyers have been advised to file claims in the prescribed IBBI forms and stay updated through their respective IRPs.Read more

08 Dec 2025

Housing prices along the Dwarka Expressway in Gurugram have increased nearly 3.5 times over the past five years, driven by stronger demand and major infrastructure upgrades. A recent Square Yards report highlights how the corridor has shifted from an emerging stretch to one of NCR's most active residential zones, supported by improved connectivity through the 29-km, 16-lane access-controlled expressway. With around 115 active residential developments and several leading developers present, the area continues to attract homebuyers and long-term investors who are responding to rising liveability and faster access to key parts of Delhi and Gurugram.Read more

08 Dec 2025

President Donald Trump has appointed architect Shalom Baranes to lead the 300 million USD White House ballroom project, replacing James McCrery, who will remain as a consultant. The change follows reported disagreements over the size and design of the ballroom. The planned 90,000-square-foot addition, the largest construction at the White House in decades, has drawn criticism from preservationists and experts. The East Wing was recently demolished to make way for the project. The proposal will eventually be reviewed by the National Capital Planning Commission.Read more

08 Dec 2025

A well-known Nashik builder was taken into custody earlier this week after being accused of cheating flat buyers in a case valued at around INR 23 crore. Buyers had reportedly paid the full amount and taken possession of their homes, but the builder did not execute the sale deeds. Instead, he allegedly mortgaged the same flats to a private finance company to raise funds. When the loan defaulted, the lender initiated auction proceedings, leaving residents shocked and prompting them to file a police complaint.Read more

08 Dec 2025

BMC has decided to rehabilitate residents of MHADA cessed buildings and BMC-owned structures in E-ward to remove barriers to completing Hancock Bridge reconstruction. The bridge, demolished in 2016 and partially reopened in 2022, has faced delays due to pending rehabilitation, legal, and technical issues. With new directives to prioritize residential and commercial relocation and prepare tenders for remaining work, BMC is set to restart construction soon. This effort aims to restore full connectivity, ease congestion, and enhance commuter safety, marking progress in one of Mumbai's long-delayed infrastructure projects.Read more

08 Dec 2025

The Supreme Court granted one-week interim relief to two property owners in Uttar Pradesh, temporarily halting further demolition of their properties. The court directed the petitioners to approach the Allahabad High Court for detailed examination while maintaining the status quo. It emphasized that demolitions require prior notice and adherence to due process, in line with its 2023 guidelines against arbitrary action. The protection does not limit the High Court from hearing the case on its merits, and the petitioners were instructed to file under Article 226 for urgent consideration.Read more