Residential sales in India's eight major housing markets dipped one per cent in the July-September quarter, largely due to slower demand in Mumbai, Pune, and Delhi-NCR, while cities like Bengaluru, Hyderabad, Chennai, and Kolkata recorded growth. Despite lower sales volumes, the total value of properties sold rose 14 per cent to INR 1.52 lakh crore. The report highlighted stable interest rates, GST reductions on cement, and supportive policies as factors boosting developer confidence. New housing supply fell five per cent, while the premium segment continued to demonstrate resilience.Read more

MHADA aims to build over 700,000 homes in the MMR over the next five years, with nearly 550,000 units in Mumbai. These will come from affordable housing lotteries, redevelopment of cessed buildings, PMGP Colony reconstruction, cluster redevelopments, and joint slum redevelopment projects with SRA. Key areas include GTB Colony, Abhyudaya Nagar, BDD Chawl, Bhendi Bazaar, Kamathipura, and Motilal Nagar. Outside the city, more than 200,000 homes will be delivered through various schemes, while the Konkan region will see over 5,300 homes. In the past three years, 43,000 homes have been sold via 18 lottery draws.Read more

The District Development Authority (DDA) in Udham Singh Nagar has halted all construction activities in about 900 unauthorized colonies to prevent unregulated urban expansion. The decision follows repeated encroachments on government land and rising instances of illegal multi-storey buildings. Officials noted that property transactions through stamp deeds have significantly outpaced legal registrations, revealing irregularities in land sales. Authorities have warned that ongoing or future violations will face strict legal action and possible demolition. The move targets developers operating without approvals and aims to restore lawful urban development.Read more

Delhi Development Authority approached IIT Delhi and Delhi Technological University to assist in investigating the basement flooding and flooring failure at Triveni Apartments in Dwarka. The drop in the floor had caused water ingress, damage to vehicles and concern among residents. The two institutes are expected to inspect the premises, identify causes such as soil or structural issues, and offer corrective recommendations. Meanwhile, DDA has been on site daily and plans to act based on the expert findings.Read more

Uttar Pradesh Chief Minister Shri Yogi Adityanath recently handed over keys to 160 families in Gorakhpur under the Economically Weaker Section (EWS) and Lower Income Group (LIG) housing scheme developed by the Gorakhpur Development Authority (GDA). The flats, allotted through a transparent lottery process from over 9,000 applications, include 80 EWS and 80 LIG units, priced well below market rates. Alongside, the CM inaugurated and laid the foundation for 50 development projects worth INR 118 crore, highlighting the state's focus on infrastructure and community welfare.Read more

The Navi Mumbai Municipal Corporation (NMMC) conducted a demolition drive against unauthorised huts in the Airoli division following directives from Municipal Commissioner Dr Kailas Shinde. The action, led by Additional Commissioner (2) Dr Rahul Gethe and Deputy Commissioner (Encroachment) Dr Kailas Gaikwad, targeted encroachments near the proposed site of a sewage treatment plant beside NMMC School No. 77 in Yadavnagar. Officials confirmed that such anti-encroachment actions would continue with greater intensity.Read more

Micro Mitti will invest INR 400 crore to develop Madhuvan Township, a 30-acre green residential project in Indore featuring 465 villas. The township is designed to prioritize health and well-being, marking a shift from traditional real estate measures like location, size, and cost. Founded in 2023, Micro Mitti focuses on democratizing access to institutional-grade real estate assets and enabling long-term wealth creation for investors. Earlier this year, the company raised INR 90 crore to expand its operations, highlighting growing interest in innovative, structured real estate investment opportunities in India.Read more

Prestige Estates Projects Ltd has launched Prestige Garden Trails in Mumbai, aiming for INR 2,000 crore in revenue. Spread across 5.2 acres, the project includes 1,324 units with a total carpet area of 10 lakh sq ft. Following its recent Ghaziabad launch worth INR 2,200 crore, the company continues its expansion strategy amid high demand for quality housing. With over 300 projects completed since 1986 and record sales in the first half of the fiscal year, Prestige demonstrates strong growth and sustained focus on India's residential real estate market.Read more

Lodha Developers Ltd, one of India's largest real estate firms, acquired a land parcel in the Mumbai Metropolitan Region during the past quarter to develop a residential project valued at around INR 2,300 crore. With this purchase, the company achieved its annual business development goal, reaching a cumulative potential revenue of INR 25,000 crore for the fiscal year. Despite limited project launches, Lodha recorded a 7% rise in quarterly pre-sales, backed by sustained housing demand. The developer now aims to meet its full-year sales target of INR 21,000 crore, with significant project launches planned for the coming months.Read more

Sugee Group has announced its much-awaited annual cultural event, 'Diwali Pahaat', to be held later this month at Ravindra Natya Mandir, Prabhadevi. Marking the musical dawn of the Diwali festivities, the celebration will feature over 50 distinguished artists, including Padmashri Suresh Wadkar, Rahul Deshpande, Vaishali Samant, and others, offering an enchanting morning of classical, folk, and contemporary music.Read more

U.S. 30-year fixed mortgage rates have eased to 6.30% this week, down slightly from last week and near last year's levels. The decline follows renewed Federal Reserve rate cuts amid a stagnant labor market, yet new home loan applications remain low as many homeowners focus on refinancing. Real estate data shows pending home sales fell 1.3% from last year, and homes are taking longer to sell. Buyers are delaying purchases, awaiting further rate reductions, while economic uncertainties, such as weak hiring and potential government shutdowns, are adding to their caution.Read more

Sanghvi Realty has announced soft possession at its premium residential project, Sanghvi Palazzo, in Mumbai, aligning with the festive spirit of Diwali. The developer has introduced attractive festive offers and flexible payment schemes to encourage homebuyers to move into their dream homes this season. Located in one of Mumbai's prominent micro-markets, the project features modern architecture, superior amenities, and excellent connectivity, appealing to discerning buyers seeking immediate move-in opportunities.Read more

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive against unauthorised construction in the Ghansoli division earlier this week. Despite prior notices served by the encroachment department, the concerned property owner had ignored the warnings and continued illegal construction work. Acting under the directives of Commissioner Dr Kailas Shinde, the NMMC team, supported by senior officials, executed the clearance operation with police assistance. The civic body confirmed that similar actions would continue across other areas as well.Read more

Mumbai's property market recorded its best-ever September performance as home registrations surged and stamp duty collections grew sharply, defying the typical slowdown during the Shraddh period. Data from Knight Frank India revealed a notable rise in both property registrations and revenue, driven by the early onset of the festive season, stable demand, and steady buyer confidence across residential segments. Developers and industry experts noted that the market's strength reflected the city's resilience and sustained end-user interest.Read more

Wagle Estate in Thane has developed into a community where living close to work is practical and convenient. The area combines residential complexes with office spaces, allowing professionals to reduce commute times while enjoying a better work-life balance. With good connectivity to Mumbai, nearby IT parks, educational institutions, healthcare facilities, shopping, and recreational options, the locality supports modern urban living. Developers continue to build projects that reinforce the walk-to-work lifestyle, making Wagle Estate an example of a well-planned neighborhood where homes, offices, and essential amenities coexist efficiently.Read more

China's state-backed property developer Vanke announced that its chairman, Xin Jie, has stepped down from his position, and board member Huang Liping has been appointed as his successor. The change in leadership led to a short-term decline in the company's Hong Kong and Shenzhen share prices. Xin's resignation came less than a year after his appointment, during a period when the company continues to face weak sales and high debt obligations. Vanke recently reported a half-year loss of 12 billion yuan, reflecting the ongoing stress in China's property sector.Read more

Vascon Engineers has received a redevelopment contract worth INR 161 crore from MSEB Holding Company Ltd for the Saudamini Building project in Mumbai's Mahalaxmi area. The work, expected to be completed within 36 months from commencement, marks a key addition to Vascon's redevelopment portfolio in the city. The company said its ongoing and upcoming projects in Mumbai's Santacruz, Powai, and nearby markets together span about 0.4 million sq ft, valued at around INR 1,050 crore, and are projected to contribute half of its overall real estate portfolio by FY27.Read more

The Supreme Court refused to entertain a plea challenging the Delhi High Court's directive on the demolition of Signature View Apartments in Mukherjee Nagar. The High Court had ruled that there would be no stay on the demolition and instructed the Delhi Development Authority (DDA) to ensure minimal inconvenience to residents during the process. The Municipal Corporation of Delhi had earlier declared the structures unsafe. Residents were given time to vacate, and the DDA has been authorized to proceed with demolition and future reconstruction.Read more

Dubai's real estate market has maintained a strong upward trajectory, with the first nine months of this year showing substantial growth in both sales value and transaction volume. Total sales surged from AED104 billion in 2021 to AED499.1 billion, while deals rose from 43,200 to 158,400. Apartments, villas, plots, and commercial properties all saw notable gains in value and volume. Market experts note that property prices are increasing faster than the number of deals, reflecting robust investor confidence, market resilience, and the potential for long-term sustainable growth.Read more

Maharashtra Housing and Area Development Authority (MHADA) has made eight luxury 3BHK flats in Tardeo's Crescent Tower available on a first-come-first-serve basis. Ranging from INR 5.95 crore to INR 7.58 crore with a carpet area of 2,285 sq ft, these high-end apartments were earlier leased to MHADA officials and vacated in 2022. An online lottery conducted in 2023 saw 43 applicants, but most withdrew after visiting the flats. The tower offers sea-facing views, security, gym, and quarters for domestic help, located near key city landmarks.Read more