27 Nov 2025

Housing sales in India's top 15 tier 2 cities experienced a 4% decline in Q3 2025, reaching 39,201 units, while the total sales value increased by 4% to INR 37,409 crore, reflecting a trend toward premium housing. Launches dropped 10% to 28,721 units, with North India showing the steepest fall. Ahmedabad led in both sales and launches, while Bhubaneshwar and Mohali recorded the largest declines. Despite moderate volume changes, tier 2 cities continue to benefit from expanding employment, infrastructure development, and connectivity, supporting ongoing demand in residential, commercial, and retail real estate.Read more

26 Nov 2025

State-owned NBCC Ltd has received an order worth nearly INR 3,000 crore from the Nagpur Metropolitan Region Development Authority (NMRDA) for developing the initial phase of the Naveen Nagpur township project. The agreement, formalised earlier this week, covers the construction of the first segment of a 1,710-acre integrated township, marking one of the region's largest planned urban development initiatives. NBCC, which had signed an MoU with NMRDA earlier this year, has been appointed as the Executing and Implementing Agency as well as the Project Management Consultant.Read more

26 Nov 2025

The Karnataka Home Buyers Forum has approached the NHRC, stating that thousands of residents face risks to their rights due to the state's prolonged delay in notifying a new apartment-ownership law. Despite multiple government communications since March 2023 acknowledging gaps in existing RERA rules and the outdated KOFA Act, the proposed legislation has not been implemented. Departments highlighted issues around registering associations, managing common areas and finalising a new Act, with RERA indicating a draft would be released soon. Until the law is notified, apartment associations cannot take over shared assets, developers remain bound only by temporary norms, and homebuyers continue to face uncertainty.Read more

26 Nov 2025

Antara Senior Care, part of the USD 7-billion Max Group, has expanded its presence in Bengaluru with a new 80-bed senior care home in Whitefield, increasing its total capacity in the city to about 163 beds. The new centre strengthens Antara's assisted living and transition care services, backed by geriatric-trained teams and round-the-clock clinical support. Bengaluru's ageing population, changing family structures, and growing demand for organised senior care have contributed to the need for such facilities. With this launch, Antara now operates 500 beds across its national network of care homes.Read more

26 Nov 2025

Sunteck Realty Ltd. has entered the UAE with the launch of Sunteck International and unveiled the exact location of its first project in Downtown Dubai-one of the area's most valuable remaining land parcels. The AED 5-billion development marks the start of the group's design-led global expansion, backed by two decades of architectural expertise and a 50-million-sq-ft portfolio in Mumbai. In a unique launch, Sunteck showcased the plot through a 1000-drone reveal instead of traditional renders, highlighting the site's significance near the Burj Khalifa and The Dubai Mall. Aligned with Dubai's rising luxury demand and supported by global design partners, the company plans over AED 15 billion in UAE projects in the next three years.Read more

26 Nov 2025

Haryana has successfully completed more than 10,450 paperless property registrations within three weeks of implementing its digital registry system on November 1. The system is fully operational across all tehsils, replacing physical documents entirely. Citizens have booked 9,365 online appointments, with the platform averaging around 1,500 registrations per day and a record of 1,659 in a single day. The initiative reflects the state's push for transparency, efficiency, and citizen-centric governance, setting a benchmark for digital administrative reforms in India.Read more

26 Nov 2025

Central Park Estates will invest about INR 2,000 crore to develop Delphine, a new luxury housing project in Gurugram's Sector 104 along the Dwarka Expressway. Spread across 7.85 acres and planned in three phases, the project will feature six residential towers, funded through internal accruals and bank borrowings. Construction is set to begin in 2026, with completion targeted for 2032, and expected sales revenue of INR 3,500 crore. Company leaders noted that the Dwarka Expressway is emerging as a high-value real estate corridor supported by strong infrastructure. With NCR housing sales up 4% in the July-September quarter, Delphine strengthens Central Park's position in premium housing.Read more

26 Nov 2025

Rustomjee Group has strengthened its presence in Thane with the launch of Tower D at La Vie, the fourth tower within its 8.5-acre gated enclave in the 100-acre integrated township. The township features a functioning fire station, Rustomjee Cambridge International School, an upcoming hospital, the Tri Mandir, and future commercial and retail spaces. CEO Anupam Verma said La Vie reflects the group's focus on building communities that blend design, functionality and nature. Keppel Ltd.'s Ho Kiam Kheong highlighted that their partnership combines sustainable urban solutions with Rustomjee's residential expertise. La Vie also benefits from strong connectivity and multiple upcoming infrastructure projects.Read more

26 Nov 2025

The Karnataka government has released draft rules for the Registration (Refusal and Cancellation of Registered Documents) Rules, 2025, aiming to curb misuse of the property-registration system. The proposal empowers district registrars to cancel registrations made using forged or illegal documents, either proactively or upon receiving a complaint - a significant shift from the earlier requirement of pursuing cancellations only through the courts. Sub-registrars will also be able to refuse registrations if documents appear fake, strengthening frontline scrutiny. The draft has been opened for public feedback for 15 days. Overall, the rules seek to close long-standing loopholes and improve buyer protection and regulatory oversight in Karnataka's real estate market.Read more

26 Nov 2025

Bengaluru's residential market saw a 14 per cent rise in sales earlier this fiscal, with 52 million sq ft sold between April and September, according to ICRA. The agency expects similar momentum in the year's second half, with most new launches slated for the final quarter. For FY26, sales volumes are projected to grow 3-5 per cent, supported by steady mid-income and luxury housing demand. As India's fourth-largest residential market, Bengaluru contributed 14-15 per cent of total sales across the top seven cities. Industry executives attribute the city's strong appeal to its expanding IT sector, start-up ecosystem, urbanisation, and rising interest from NRIs, investors, and end-users.Read more

25 Nov 2025

Lucknow Police has strengthened 'Operation Pehchaan' by holding landlords accountable if tenants involved in criminal activity are found to be living in their properties without proper verification. With the city seeing a surge in migrant inflow, authorities say some offenders have been renting homes using false identities. Tenant registration is now mandatory through the police website or the UPCOP app, to be completed before move-in or within a month. Police will verify details through physical checks, and landlords must keep copies of key documents. Rules for foreign nationals require Form C submission and prompt reporting. Regular reviews by ACPs, ADCPs and DCPs aim to ensure strict compliance.Read more

25 Nov 2025

County Group has purchased a 5-acre land parcel in Noida's Sector 151 through a state-conducted auction for about INR 475 crore, according to people aware of the transaction. The developer intends to build a low-density residential project featuring only 226 units across more than 11 lakh sq ft of development area. The company has been expanding aggressively, having delivered over 40 lakh sq ft in 2024 and launched significant luxury projects earlier this year in Noida and Ghaziabad. Rising land values in Noida-Greater Noida, buoyed by strengthened infrastructure, continue to shape the region's real estate momentum.Read more

25 Nov 2025

U.S. existing home sales increased in October as lower mortgage rates encouraged buyers, though high home prices and unemployment continue to constrain the market. Sales reached a seasonally adjusted annual rate of 4.10 million units, slightly above forecasts, and first-time buyers accounted for 32% of transactions. Home inventory rose 10.9% year-over-year, but remains below pre-pandemic levels, with the median home price at USD 415,200. All-cash transactions grew, while distressed sales remained steady. Experts emphasize that first-time buyer participation still falls short of levels needed for a strong market.Read more

25 Nov 2025

Grovy India Ltd., a South Delhi-based real estate developer listed on the BSE, has expanded its project pipeline to 1,89,000 sq. ft., covering both ongoing and upcoming luxury independent-floor developments. Its Q2 FY26 update shows 1,42,000 sq. ft. under construction and 47,000 sq. ft. in future projects, aligning with rising demand for high-end redevelopment in prime neighbourhoods. The company also reported sharp financial growth, with net profit up 1180% and revenue rising 1142%. Strong interest in South Delhi's luxury floors, supported by steady price appreciation and limited supply, continues to drive redevelopment. Grovy India aims to strengthen its presence in this premium micro market.Read more

25 Nov 2025

Sobha Ltd has entered the Mumbai housing market with the launch of 'SOBHA Inizio', its first residential project in the city. The 1.038-acre development will offer 310 apartments priced between INR 2.8 crore and INR 5.75 crore, in partnership with the landowner. While project costs and revenue projections were not disclosed, the launch comes on the back of Sobha's strong performance, including its highest-ever sales bookings of INR 3,981.4 crore in the first half of the fiscal year. The company's Q2 net profit nearly tripled to INR 72.52 crore, supported by higher income. With significant deliveries across 27 cities, the Mumbai entry marks a strategic step in its national expansion.Read more

25 Nov 2025

MahaRERA has introduced a new SOP to speed up compensation recovery for homebuyers, following directions from the Bombay High Court. Developers must pay compensation within sixty days, failing which homebuyers may file a non-compliance application. Persistent defaulters will be required to disclose their assets, and recovery warrants may be issued for attachment of properties. Cases of continued refusal may be sent to the Principal Civil Court, where developers could face up to three months' imprisonment.Read more