23 Aug 2025

In a high-value real estate transaction, Heena Lalwani, a promoter of Aatman Innovations Private Limited, has purchased a luxury apartment in Juhu, Mumbai, for INR 113.42 crore. The 9,862 sq. ft. property, located in the prestigious Avalon Tower by Lodha Developers, was registered on August 18, 2025. This deal, along with a similar high-ticket purchase in the same building earlier this year, highlights the continued demand for luxury properties in Mumbai's prime localities.Read more

23 Aug 2025

The Delhi State Consumer Disputes Redressal Commission has ordered Parsvnath Developers to pay INR 5.5 lakh in compensation to a homebuyer for a significant delay in delivering a flat. The ruling, which references a Supreme Court precedent, highlights the developer's failure to meet its contractual obligations and holds it accountable for deficiency in service and unfair trade practices. The commission's decision not only awards compensation but also mandates the immediate handover of the flat.Read more

23 Aug 2025

Maharashtra Revenue Minister Chandrashekhar Bawankule has directed the Brihanmumbai Municipal Corporation (BMC) to suspend demolition drives and cease issuing notices regarding unauthorized constructions in North Mumbai until the conclusion of the Ganesh festival. The decision aims to alleviate public anxiety during the festive period. However, the minister emphasized that individuals involved in creating fraudulent construction documents would face strict legal action.Read more

23 Aug 2025

Aawas Yojana has appointed Ankit Sharma as Director International Community Engagement & Public Confidence. He is tasked with leading more than 2,500 housing awareness drives across India to reach 1.5 crore citizens by 2027, while creating 3.5 lakh jobs in related sectors by 2028. Alongside this, Sharma will focus on engaging the global diaspora through 10 dedicated platforms across the UK, Middle East, US, and Australia by 2026. These initiatives are expected to bring INR 25,000 crore in NRI housing investments by 2030 and contribute INR 1.2 lakh crore to India's housing economy.Read more

22 Aug 2025

The Panvel City Municipal Corporation (PCMC) has extended its property tax amnesty scheme until September 30, 2025. This decision, influenced by a protest rally from opposition parties, offers a 90% fine exemption until September 15, and a 75% rebate from September 16 to September 30. The extension replaces a four-tier system and aims to recover a significant portion of the INR 1,842 crore in outstanding property tax dues, which represents 47% of the civic body's 2025-26 budget.Read more

22 Aug 2025

The Kerala state cabinet has approved a loan of INR 1,500 crore from the Housing and Urban Development Corporation (HUDCO) through the Kerala Urban and Rural Development Finance Corporation (KURDFC) to fund the LIFE Mission housing scheme. The loan, spread over two years, will finance the construction of over 127,000 houses for homeless and landless families, with priority for Scheduled Caste and Scheduled Tribe beneficiaries. Alongside, the government has announced welfare measures such as Onam gifts for elderly tribal members and the creation of new teaching posts in nursing colleges to strengthen social support and education in the state.Read more

22 Aug 2025

The Varanasi Development Authority (VDA) recently allocated 82 houses under the Pradhan Mantri Awas Yojana (PMAY) using a transparent lottery system. The lottery, conducted at the Girija Devi Cultural Complex in Chowkaghat, saw 642 beneficiaries competing for homes in Harhua and Kurhua villages. The process was carried out in the presence of senior officials, including VDA Vice-Chairman Pulkit Garg and Additional District Magistrate Vandita Srivastava, ensuring fairness. This initiative reflects the government's continued focus on providing affordable housing and upholding transparency in allocation.Read more

22 Aug 2025

The Department of Town and Country Planning (DTCP) in Gurugram has issued a show-cause notice to Experion Developers Pvt Ltd and the Windchants Condominium RWA for violating the approved layout plan. Key issues include converting fire tender paths into green areas and selling setback land meant to remain vacant. The DTCP has asked both the developer and the RWA to correct the violations and submit a detailed explanation along with relevant documents by early September, warning that non-compliance could trigger legal action and licence cancellations.Read more

22 Aug 2025

Realty firm NeoLiv has acquired a 17.5-acre land parcel in Khopoli within the Mumbai Metropolitan Region (MMR) for the development of a new housing project. The company plans to invest INR 150 crore to build a residential project featuring approximately 180 plots and villas. This new acquisition marks NeoLiv's third project, following successful ventures in Kundli-Sonipat, Haryana, and a luxury housing project in Alibaug. The company, founded by former Godrej Properties CEO Mohit Malhotra and other industry experts, is backed by a SEBI-regulated AIF Fund to ensure financial security for its customers.Read more

22 Aug 2025

The Haryana Real Estate Regulatory Authority (H-RERA) has ordered Ocean Seven Buildtech Pvt Ltd to compensate homebuyers of the OSB Expressway Towers project in Sector 109, Gurugram, with an annual interest rate of 11.10% due to extensive delays in possession. The developer has been directed to settle the compensation within 90 days and clear any pending dues within 60 days. The authority also prohibited the builder from levying additional charges beyond the builder-buyer agreement.Read more

22 Aug 2025

Goa Police have intensified tenant verification in the first half of 2025, conducting 471 drives, more than double the 236 carried out in 2024. This initiative, under the 'Know Your Neighbour' program, ensures tenant, servant, and foreigner information is verified to enhance safety. Landlords are required to fill verification forms, which are cross-checked with native police stations. Surprise inspections have been conducted to ensure compliance. While no crimes have been directly detected, authorities believe these efforts prevent potential risks and are moving toward an online system to make the process more efficient.Read more

21 Aug 2025

Sattva Group has partnered with Aurm to introduce bank-grade vaults within luxury residential projects, creating what they call a "legacy layer" for secure, insured asset storage at home. With India's gold holdings exceeding 25,000 tonnes and bank lockers often oversubscribed, the initiative offers residents 24x7 biometric access, robotic retrieval, and insurance cover up to INR 1 crore per locker. Aurm has already installed 5,000+ lockers across 20 communities, maintaining high occupancy. The first Sattva project to feature the technology will be Vasanta Skye near Bengaluru airport, with more launches planned.Read more

21 Aug 2025

Landmark Group has committed an investment of INR 400 crore for the construction of a new premium housing project in Gurugram. The development, named Landmark SKYVUE, will feature 240 apartments across a four-acre site in Sector 103, close to the Dwarka Expressway. The group has owned the land since 2009 and has already cleared all government-related approval charges. Construction will be financed through internal accruals, bank loans, and advances from buyers.Read more

21 Aug 2025

In a landmark victory for homebuyers, the Sampada Livia project in Greater Noida has been revived after being stalled for a decade. The Greater Noida Industrial Development Authority (GNIDA) has granted the SLB Welfare Association, a body of homebuyers, permission to complete the project, making it a unique example of a citizen-led revival. This institutional support, sanctioned under the Uttar Pradesh government's new Legacy Stalled Real Estate Projects Policy, provides a lifeline for hundreds of families who invested in the project. The association, after years of legal battles that reached the Supreme Court, has taken control of the construction and aims to deliver the long-awaited flats by 2026.Read more

21 Aug 2025

The city of Chandigarh has been selected as a pilot location for the 'Land Stack' project, a nationwide initiative aimed at creating a unified, secure, and transparent digital system for land records. The project promises to revolutionize property management, reduce disputes, and enhance citizen services by leveraging advanced technology like blockchain. By leveraging modern solutions such as blockchain, the initiative is designed to streamline property transactions, significantly reduce land disputes and litigation, and promote better governance. This crucial step toward digitization is expected to enhance citizen services and set a precedent for other regions, paving the way for a more efficient and accountable real estate sector.Read more

21 Aug 2025

Telangana has introduced a pilot project for e-Aadhaar-based property registration in the sub-registrar offices of Armoor and Kusumanchi. Revenue Minister Ponguleti Srinivas Reddy said the initiative is designed to make property registrations faster and more transparent. The government has already implemented a slot booking system, which has been widely used, with over 300,000 slots booked in recent months. Plans are also in place to establish integrated sub-registrar offices, including a major complex in Gachibowli, which will consolidate multiple offices and streamline registration services across key districts.Read more