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

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

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

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

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

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

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

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

Godrej Properties plans to bring nearly INR 22,000 crore worth of new housing supply to the market in the second half of the current financial year, supported by steady demand across major cities. The company has already launched projects worth INR 18,600 crore and recorded almost INR 15,600 crore in sales bookings in the first half, putting it on track to meet its full-year launch and sales guidance. Strong pre-sales, continued interest in key markets, and solid cash reserves, including equity raised through a QIP last year, are expected to support its expansion.Read more

The Greater Mohali Area Development Authority (GMADA) has launched a process to reassess reserve prices of unsold residential, commercial, institutional, and industrial sites that failed to attract buyers in consecutive auctions. The authority will appoint three independent valuers for each site, selecting professionals empanelled with nationalised banks or the income-tax department. Recent auctions showed selective demand, with some plots exceeding reserve prices while many others remained unsold. This move aims to align pricing with current market trends, improve transparency, and make properties more appealing to potential buyers.Read more

Mr. Mihir Lunia - Spokesperson, Brego Business

Once known merely as a weekend retreat between Mumbai and Pune, Karjat has gradually transformed into one of Maharashtra's most sought-after wellness destinations. Surrounded by lush greenery, rivers, and rolling hills, the region now offers a lifestyle focused on health, sustainability, and tranquillity. Improved connectivity through suburban rail expansion, expressways, and proximity to major infrastructure projects has further fuelled demand for residential and plotted developments. The rising interest among professionals, retirees, and NRIs underscores Karjat's growing reputation as a wellness hub promoting balanced living and mindful community development.Read more

Actor Saira Banu Khan has formally settled her long-standing property dispute with Mumbai builder Sameer Bhojwani, leading the Economic Offences Wing (EOW) to close the cheating and forgery case filed in 2018. The dispute involved a 2,412 sq yd plot in Bandra's Pali Hill area, near her residence. Banu stated in an affidavit submitted in 2022 that the matter stemmed from misunderstandings and had been amicably resolved. Following her statement, the EOW filed a closure report that was accepted by a magistrate. Another unrelated case against Bhojwani remains pending.Read more

An auction held this past week in Mumbai for 11 properties belonging to fugitive gangster Dawood Ibrahim saw no bidders turning up. The Income Tax Department had organised the sale to recover part of Dawood's pending tax dues, estimated at around INR 45 crore. The properties, located mainly in south Mumbai's Nagpada and Mohammed Ali Road areas, carried a combined reserve price of INR 1.2 crore and an assessed value of nearly INR 5 crore. Officials have indicated that the properties will be re-auctioned within a year.Read more

The Bhendi Bazaar Redevelopment Project, driven by the Saifee Burhani Upliftment Trust (SBUT), has transformed one of Mumbai's most congested localities into a modern, child-friendly environment. Families who once lived in cramped, poorly ventilated homes now occupy spacious, well-lit apartments equipped with private bathrooms and modern facilities. The project has also introduced green spaces, recreational podiums, and widened streets, prioritising safety, walkability, and access to play areas. This large-scale initiative has redefined what urban childhood can look like safe, healthy, and full of opportunity.Read more

Mr. Chintan Sheth, Chairman and Managing Director, Sheth Realty

Mulund, long known as Mumbai's green suburb, is now emerging as a model for new-age homebuyers seeking lifestyle-driven homes. The area's growing popularity among young professionals, first-time buyers, and families has shifted developers' focus from conventional layouts to flexible, community-centred living. Enhanced connectivity through Metro Lines 4 and 5, the Goregaon-Mulund Link Road, and the Eastern Express Highway has reinforced its position as one of Mumbai's most desirable and well-connected residential destinations. The demand for spacious multi-bedroom homes reflects the changing aspirations of today's urban buyers.Read more