30 Nov 2025

Haryana RERA has directed MRG Infrabuild to reinstate a flat in The Meridian, Gurugram, and pay delay compensation at 10.9% per annum. The buyer had already paid more than the total sale price, but the builder cancelled the allotment citing defaults and imposed extra post?Covid demands, later acknowledged as system errors. HRERA found the cancellation invalid, as the promoter failed to provide required notice and missed possession timelines. The authority ordered reinstatement within 30 days and interest payment within 90 days, reinforcing buyer protection in affordable housing.Read more

30 Nov 2025

Kolkata's premium residential market witnessed a sharp rise in supply and absorption earlier this year, according to Nklusive's H1 2025 Premium Real Estate Market Report. The consultancy observed that premium homes priced between INR 1.5 crore and INR 5 crore recorded heightened demand, with active projects increasing from 24 to 34 over the past year. Marketable supply nearly doubled, and South Kolkata led overall inventory distribution. Larger units, particularly 3 BHK and 4 BHK formats, saw notable sales growth, reflecting a shift towards spacious, amenity-rich living among high-end homebuyers.Read more

30 Nov 2025

The Chandigarh Housing Board's proposal to introduce plotted residential development at the Rajiv Gandhi Chandigarh Technology Park has been stalled after the urban-planning department rejected the request on the grounds of violating the city's master plan. The move marks another setback to CHB's long-pending attempts to initiate housing on the 123-acre land parcel, originally reclaimed nearly a decade ago after a prolonged dispute. The board's earlier group-housing scheme had also faced environmental hurdles, and the latest objection now forces CHB to reconsider how the strategically located IT Park land can be used.Read more

29 Nov 2025

Dubai's ultra-luxury villa segment has evolved into a stable global asset class, with strong demand for AED 40M+ trophy homes and rising activity in the AED 70M-100M range. fam Properties' analysis shows resales now outpacing new sales, driven by limited supply in prime locations such as Palm Jumeirah, Emirates Hills and MBR City-the city's 'Golden Triangle of Wealth.' Transactions have surged from 27 in 2020 to 242 in 2024, with total value rising more than 1,700% to AED 15.98B. Emerging areas like Palm Jebel Ali, Tilal Al Ghaf and The Oasis are expected to host AED 100M+ villas after handovers in the coming years, signalling broader market expansion.Read more

29 Nov 2025

A Cuttack housing project under the 'Housing for All' scheme faces a GST liability of nearly INR 10 crore for transfer of development rights. The project involved a 3.63-acre land parcel where 550 units for EWS and 320 units for LIG were constructed in collaboration with the Cuttack Development Authority. While GST on construction services and interest for delayed compliance was paid, the TDR-related GST remains unpaid. Officials flagged issues with input tax credit entries, prompting the case to be escalated to the national GST enforcement agency for detailed investigation.Read more

29 Nov 2025

The Lucknow Development Authority (LDA) is preparing to introduce its large-scale IT City housing township along Sultanpur Road by early 2026, designed to accommodate close to one lakh residents. The township spans roughly 2,660 acres and is being developed under a land-pooling model that returns 25% developed land to donors through a lottery system. With nearly 10,000 plots planned, along with a 200-acre green belt, a 15-acre water body and a new approach road linking the site to Kisan Path, the project aims to establish a self-sustaining, mixed-use urban zone.Read more

29 Nov 2025

The latest Magicbricks report shows India's rental housing market is slowing slightly after earlier rapid growth. Nationally, demand rose only 0.2 % QoQ and 0.4 % YoY, while supply increased 0.6 % QoQ and 5.9 % YoY. Average rents still climbed 4.4 % QoQ and 18.1 % YoY. Delhi-NCR saw strong demand, with Greater Noida up 29.5 % QoQ, Delhi 17.8 %, and Noida 10.8 %. Other major metros like Chennai, Bengaluru, Hyderabad, Pune, and Mumbai experienced demand declines ranging from 1.2 % to 7.2 %. Semi-furnished homes and one and two bedroom units remain most popular.Read more

29 Nov 2025

Municipal authorities in Jamshedpur and Dhanbad have launched a coordinated enforcement drive to clamp down on illegal constructions that deviate from approved building plans. A special squad will carry out random inspections, and offenders face possible demolition and hefty fines. Local residents are being urged to report suspect activity. The campaign builds on a history of selective enforcement and misused basements in Jamshedpur, signalling a tougher, more systematic regulatory phase.Read more

29 Nov 2025

CIDCO has unveiled a housing scheme offering 4,508 ready-to-move homes across Navi Mumbai's Taloja, Dronagiri, Ghansoli, Kharghar, and Kalamboli nodes. The scheme operates on a first-come, first-served basis, allowing applicants to directly choose their preferred units. Among the tenements, 1,115 are allocated for the Economically Weaker Section (EWS) under PMAY with a subsidy of INR 2.5 lakh, while 3,393 are for the Low Income Group (LIG). Online registration has begun, and successful applicants can start selecting flats later this month, with immediate possession upon payment and document verification.Read more

29 Nov 2025

A quiet shift is unfolding across Mumbai as the Permanent Transit Camp (PTC) model gains momentum in unlocking long-stalled slum redevelopment. Traditionally, projects in areas where sale rates could not exceed INR 20,000 per sq ft struggled to break even due to rising construction costs, unstable negotiations and heavy premium payouts. The PTC framework bypasses these bottlenecks by shifting eligible slum households to a separate, fully certified permanent structure, freeing the original land for unencumbered development. With third-party funding shouldering all expenses and developers earning fixed fees without investment exposure, the model is reshaping both market dynamics and neighbourhood conditions.Read more

28 Nov 2025

India's All-India House Price Index, compiled by the Reserve Bank of India, rose at a significantly slower annual pace of 2.2% during the past week, compared with the 7% growth seen in the corresponding period last year. The Central Bank released the latest HPI for Q2 of the current financial year with a revised base year of 2022-23, replacing the earlier 2010-11 benchmark. While Nagpur, Ghaziabad and Chandigarh supported the annual rise, several major metros recorded quarterly declines, pulling the composite index down from 113.4 in Q1 to 112.7 in Q2.Read more

28 Nov 2025

HDFC Capital Advisors has joined hands with Hero Realty to launch a INR 1,000 crore platform for residential projects in India's Tier 1 and Tier 2 cities. Hero Realty, with a track record of over 8.4 million sq ft in completed residential projects and 200 acres of industrial parks, currently has five ongoing developments. The partnership aims to tap into rising demand for mid-income housing, focusing on well-connected towns near major metros. HDFC Capital's CEO emphasized that the move supports sustainable housing growth for India's middle class, while Hero Realty plans faster expansion under this collaboration.Read more

28 Nov 2025

Umiya Buildcon Limited announced earlier this week that it had acquired a 20,000 sq. ft. super-prime parcel off Cunningham Cross Road in Bengaluru's Central Business District to develop an ultra-luxury, design-led boutique residential project. With a planned built-up area of about 55,600 sq. ft., the project reinforces the company's strategy of focusing on limited-inventory, high-value homes in tightly held micro-markets. The acquisition adds to Umiya's growing premium real estate portfolio, which also includes its ongoing development in Candolim, Goa, one of the most centrally located and in-demand coastal destinations.Read more

28 Nov 2025

New Zealand's housing market has shifted from being a dependable wealth-building avenue to a source of caution for investors and homeowners. Prices, which surged 40% during the pandemic, have since fallen by nearly 20%, leaving them around 15% below the 2021 peak. Oversupply from a post-pandemic building boom, slow population growth, and rising unemployment have changed market dynamics. First-home buyers are benefiting, but investor activity has slowed. The Reserve Bank's rate cuts and relaxed lending rules aim to stimulate demand, yet economists foresee only modest price gains and a potentially long-term adjustment in housing as a core economic driver.Read more

28 Nov 2025

Ashiana Housing Ltd has announced an investment plan of about INR 750 crore for its new residential project in Gurugram. The project, named Ashiana Aaroham, covers 10.8 acres in Sector 80 and will include 542 units. The company has allocated around INR 250 crore for the first phase, which will release 182 units priced between INR 2.99 crore and INR 4.19 crore. The development has been described as child-centric by the company's leadership. Ashiana Housing, headquartered in Delhi, has delivered more than 23 million square feet of real estate across eight Indian cities.Read more

28 Nov 2025

Delhi-NCR's housing market has recorded sharp price growth over the past three years, driven by steady demand across luxury, mid-income, and affordable segments. Luxury homes above INR 1.5 crore saw a 72% rise in average prices, while mid-income and affordable homes grew 54% and 48% respectively. Market experts attribute this to limited supply, strong end-user interest, and infrastructure developments, especially in Gurgaon. The region's trends contrast with MMR, which remains the priciest. Rising prices are shaping homeowner strategies, including redevelopment and targeted investment in high-demand areas.Read more

28 Nov 2025

Northern Hills, Neworld Developers' 51-acre plotted township near Goa's Mopa Airport, is enhancing its lifestyle and wellness offerings with 7 Ocean - The Fitness Club. The upcoming wellness centre will feature advanced fitness facilities, yoga and meditation decks, curated wellness programmes, mindfulness workshops, and holistic therapies, exclusively for residents. This integration reinforces Northern Hills' vision of nature-led, community-focused living, where modern comfort meets wellbeing. It sets a benchmark for plotted residential projects emphasizing a complete lifestyle ecosystem, blending health, leisure, and social interaction.Read more