20 Nov 2025

NBCC (India) Ltd has successfully sold 609 residential units in Greater Noida (West) through an e-auction, fetching INR 1,070 crore. The units come from the Aspire Leisure Valley and Aspire Centurian Park projects, part of the Supreme Court-directed initiative to complete stalled Amrapali projects. Delhi-based AU Real Estate acquired the selling rights, buying 462 units in Aspire Leisure Valley and 147 units in Aspire Centurian Park. The sale marks progress in delivering 38,000 flats to homebuyers, with AU Real Estate launching the project at INR 7,979 per sq ft for Aspire Leisure Valley.Read more

20 Nov 2025

The Maharashtra government has approved the long-awaited redevelopment of Kamathipura, assigning the project to MHADA's Mumbai Building Repairs & Reconstruction Board under the Construction & Development Agency model. A survey found nearly 800 dilapidated, century-old buildings across 34 acres. Using DCPR 2034's Regulation 33(9) for cluster redevelopment, MHADA's plan will rehouse about 8,001 people, offering both residential and non-residential tenants 500 sq ft two-bedroom flats. Landowners will receive units based on plot size. The project includes new homes, commercial spaces and open areas, transforming the precinct into a modern 'urban village.' MHADA will receive 44,000 sq m, while developers can build roughly 567,000 sq m, creating around 4,500 new units.Read more

20 Nov 2025

Atul Projects has taken charge of the redevelopment of a 2.76-acre land parcel in Borivali (West), a location positioned along the active SV Road belt, earlier this week. With an estimated GDV of about INR 750 crore, the company is preparing to introduce luxury 2, 3 and 4-bedroom residences aimed at both end-users and long-term investors seeking premium living options within Mumbai's western suburbs. The initiative builds on Atul Projects' ongoing expansion across the MMR and aligns with its strategy of strengthening its redevelopment portfolio in established residential markets.Read more

20 Nov 2025

New Zealand's housing market recorded a slight rise in home prices during October, indicating that conditions have begun to stabilise after an uneven past year. Fresh data from the Real Estate Institute of New Zealand (REINZ) showed a small month-on-month increase in the seasonally adjusted median price, even though values were still lower compared with the same period last year. National sales activity picked up as well, supported by stronger buyer sentiment and the usual lift seen during the spring period. REINZ noted that most regions reflected an improvement in activity and overall confidence.Read more

20 Nov 2025

House of Swamiraj is set to invest INR 230 crore in housing projects across Delhi-NCR and Goa, with INR 200 crore directed to a Yamuna Expressway development and INR 30 crore to a Goa project. Both projects are scheduled for launch within the current fiscal year and will feature smart homes with modern technologies. The company previously signed a INR 180-crore agreement to develop a residential project on a 2,000-square-metre plot in Thane West, highlighting its strategy to expand into fast-growing residential markets.Read more

19 Nov 2025

Conscient Infrastructure Pvt Ltd has given a construction contract worth INR 350 crore to NCC Ltd for building 540 flats in its Elaira Residences project at Sector 80, Gurugram. The project spans 5.6 acres and is part of the company's growing residential portfolio. Conscient, active for more than four decades, has delivered over 20,000 homes and has nearly 35 million sq ft of developments across Delhi-NCR, Dehradun, and Goa. The company also partnered earlier this year with Texmaco, Hines, and HDFC Capital for the redevelopment of the Birla Cotton Mills land in Delhi.Read more

19 Nov 2025

The Odisha Real Estate Regulatory Authority (ORERA) introduced a stricter quarterly progress-report (QPR) format for all its registered real-estate agents. The change comes after a central audit revealed that many agent filings were incomplete and lacked sufficient detail. Under the new template, agents must provide transaction-level data including agent registration, project and promoter names, commissions, contract role, and supporting documents like agreements and receipts. These reporting norms will apply from the quarter ending December 2025. ORERA has warned of penalties for non-compliance.Read more

19 Nov 2025

The Delhi government has removed a long-standing policy that barred power supply to properties booked by the Municipal Corporation (MCD) for unauthorised construction. Under the revised rule, electricity distributors (DISCOMs) can no longer refuse or cut power simply because a property is 'booked.' Connections can only be denied when MCD formally notifies that the building is under demolition or sealing. This change, approved by Chief Minister Rekha Gupta, is expected to benefit over 1.25 lakh households across the city.Read more

19 Nov 2025

CCI Projects has announced a major investment of around INR 700 crore to develop a new luxury residential tower within the Mumbai Metropolitan Region. Introduced earlier this week, the 53-storey tower, named Skyleap, will form part of the Rivali Park 2 gated community situated along the Western Express Highway in Borivali. The development will comprise 320 premium apartments and is expected to generate revenue exceeding INR 1,250 crore on completion. CCI Projects, founded in 2000, has already delivered several towers and currently maintains an active development pipeline across the region.Read more

18 Nov 2025

NBCC Ltd recently announced that it had secured a significant contract from the Damodar Valley Corporation to develop an integrated township in Jharkhand. The state-owned enterprise confirmed through a regulatory filing that the order, valued at INR 498.30 crore, relates to township construction at the Chandrapura Thermal Power Station. This development comes as NBCC recently reported strong quarterly financial results, with consolidated net profit rising by 25 per cent and total income showing notable year-on-year growth. The company continues to strengthen its presence across engineering, procurement and construction, project management consultancy and real estate operations.Read more

18 Nov 2025

Authorities in Gurugram have directed RWAs and developers to restore all non-functional rainwater harvesting systems in housing societies within six weeks, following inspections that revealed most recharge pits were poorly maintained. RWAs must submit proof of proper functioning by the end of December, after which officials will conduct random checks to verify compliance. With rainwater harvesting mandatory for group housing, institutions, hotels and industries, officials stressed that effective recharge systems are vital for a city facing frequent waterlogging and declining groundwater levels. They noted that well-maintained pits can significantly improve stormwater absorption. The directive reflects a renewed push to strengthen water management and ensure long-term urban sustainability.Read more

18 Nov 2025

Stonecraft Group recently announced that it will invest INR 300 crore to develop an expansive 110-acre township in Yadagirigutta, Telangana. The plan includes an integrated township with a projected revenue potential of INR 1,100 crore. The developer intends to allocate 90 acres for residential plots, expected to generate about INR 500 crore, while the remaining 20 acres will accommodate a senior living community comprising 333 independent homes, with estimated revenues of INR 600 crore. The Hyderabad-based firm, which is already developing over 14.5 million sq ft across various locations, noted rising interest in homes near spiritual destinations.Read more

18 Nov 2025

A Delhi court has placed Swaraj Singh Yadav, director of Ocean Seven Buildtech Pvt Ltd, in 14-day Enforcement Directorate (ED) custody in connection with an alleged money-laundering case linked to the Pradhan Mantri Awas Yojana (PMAY). The ED has accused him of cancelling PMAY-allotted flats priced at about INR 26.5 lakh and reselling them for around INR 40-50 lakh each. Investigators claim nearly INR 222 crore was diverted through associated firms and personal purchases. The court agreed that custodial interrogation was needed to trace funds, understand the money trail and identify other involved individuals.Read more

18 Nov 2025

Gera Developments is set to expand its residential portfolio with a new wellness-focused housing project in Pune, involving an investment of about INR 1,100 crore. The 8-acre development will feature nearly 1,000 apartments across two phases, with the first phase offering about 500 units starting at around INR 1.25 crore. The company has also introduced wellness amenities such as yoga, pilates, aqua aerobics, nutrition support and personalised coaching through expert partnerships. Gera Developments, which operates in Pune, Goa and Bengaluru, is additionally planning six more wellness-centric projects in the coming years.Read more

18 Nov 2025

China's housing market recorded its sharpest monthly decline in new home prices in about a year, reflecting ongoing weakness in demand and persistent pressure on the wider property sector. Official figures released earlier this week indicated that prices continued to fall both month-on-month and year-on-year, underscoring the challenges the government faces as it aims to stabilise the market without resorting to large-scale stimulus. Industry analysts pointed to fragile buyer sentiment, oversupply in smaller cities and a subdued resale market as key factors weighing on performance, despite policy support introduced in the past year.Read more