The Noida administration has taken action against over 100 homeowners in Supernova Towers, Sector 94, for running unregistered bed-and-breakfast (B&B) units. The move follows multiple complaints from residents about disturbances, security risks, and unauthorized commercial use. Notices were issued under the Sarai Act, 1867, which requires all B&B operations to obtain approvals from local authorities, police, and fire departments. The crackdown aligns with Uttar Pradesh's Bed and Breakfast and Homestay Policy 2025, aimed at formalizing short-term rental operations and safeguarding residents' interests.Read more

Britain's housing market has slowed for the third consecutive month, with buyer demand and agreed sales staying negative. Uncertainty over finance minister Rachel Reeves' upcoming budget is adding to cautious sentiment across both property and business sectors. Landlords are offering fewer rental properties due to higher costs and proposed tenant rights legislation, while rents are expected to rise by around 3% in the coming year. Surveys also show businesses facing growing tax pressures and weakening confidence, reflecting broader economic challenges as the UK prepares for the November budget.Read more

Tata Housing has achieved sales exceeding INR 1,000 crore in its new residential project, Varnam Phase I, located in North Bengaluru. Part of the 135-acre integrated township Carnatica, the 20-acre phase recorded sales of 377 units, comprising apartments, townhouses, and row houses, since its launch in August. Company officials said the response reflects growing demand in Bengaluru's premium housing segment. Tata Housing, a subsidiary of Tata Realty & Infrastructure Ltd, currently manages over 34 projects with 0.63 million sq m of development potential across India and the Maldives.Read more

The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a fine of INR 6.4 lakh on Bhuvanteza Infra Projects Pvt. Ltd. for multiple violations, including non-registration, diversion of customer funds, and delayed possession of flats. The authority has ordered refunds to buyers in three separate cases, along with 10.7% annual interest, to be paid within 30 days. Cases involved projects at Bommarasipet, Velimela, Dundigal, and Malkajgiri, where buyers had paid substantial amounts but did not receive the promised flats. These actions reinforce TGRERA's commitment to protecting homebuyers' rights.Read more

The State Bank of India (SBI) is set to acquire 200 ready-to-move-in two-bedroom apartments across the Mumbai Metropolitan Region for its employees, in a bulk deal valued at around INR 294 crore, excluding taxes. The bank has invited developers to submit proposals for units in central suburbs, western suburbs, the Thane-Kalyan belt, and Navi Mumbai from Kharghar to Panvel. Each apartment must have a MahaRERA-approved carpet area of approximately 55.74 sq. m. and be less than five years old. The purchase will also include 400 parking slots.Read more

Saya Group has partnered with Harmony Infra to develop an ultra-luxury residential project, 'The Horizon Residences,' in Indirapuram, Ghaziabad. Spread over 2 acres, the project will feature 264 premium flats priced between INR 6 crore and INR 8.5 crore. With an investment of INR 550 crore, excluding land acquired in 2018, the company anticipates sales revenue of around INR 1,600 crore. The project has secured RERA and other statutory approvals, and about 100 units have already been booked due to strong demand in the limited supply market.Read more

The Maharashtra government has set up a high-powered committee to manage the redevelopment of nearly 4,900 flats in SVP Nagar Colony, Andheri, aiming to improve housing conditions and modernize urban infrastructure. The committee will select a construction agency through a transparent process and monitor project progress every four months. Responsibilities include resident rehabilitation, monthly rent management, and ensuring alternative housing during construction. This move builds on MHADA's experience with similar large-scale projects, such as Motilal Nagar in Goregaon and Sunteck Realty's Andheri East redevelopment, reflecting a focused approach to urban renewal.Read more

Ashishkumar Chauhan, Managing Director and CEO of the National Stock Exchange, has invested in a 1,900 sq ft luxury apartment in Mumbai's premium Lodha World Towers in Worli. The apartment, purchased for around INR 10 crore, includes three car parking spaces and has a registered value of INR 9.93 crore. Chauhan acquired the property from Lodha Developers, and the transaction was officially registered earlier this week. His annual remuneration at NSE is INR 12.09 crore, reflecting his financial capacity for luxury real estate investments in the city.Read more

The Odisha Real Estate Appellate Tribunal (OREAT) recently upheld a homebuyer's complaint against a city-based developer in Andharua. The buyer had alleged delayed possession, missing occupancy and fire safety certificates, and non-provision of promised amenities. Despite paying INR 47.84 lakh, he received possession nearly 20 months late in August 2021 without the required certifications. The tribunal directed the builder to pay interest, obtain valid occupancy certificates, deliver all promised amenities, and facilitate the formation of an allottees' association, reinforcing the protection of homebuyers under RERA.Read more

India's housing market continued its moderate growth trend this year, with the All-India House Price Index (HPI) rising 3.6 percent year-on-year in the first quarter of FY2025-26, according to data released by the Reserve Bank of India. The index, now calculated with a new base year of 2022-23, reflects price movements across 18 major cities. Nagpur, Chandigarh, Chennai, and Kochi recorded the highest sequential price gains, while the overall quarterly increase stood at 2 percent. The inclusion of eight additional cities has broadened the coverage of the updated index.Read more

The Noida Authority has announced plans to take action against developers who have failed to comply with the Uttar Pradesh government's policy on stalled housing projects. This includes attaching and auctioning the assets of defaulting builders. The policy aimed to revive stalled projects by allowing developers to pay 25% of their dues upfront and the remaining 75% over three years, with interest waivers. Many developers have not followed these terms, leading the authority to withdraw interest waivers and pursue asset attachment measures to ensure homebuyers can complete their property registrations.Read more

DRA Homes has acquired 4.38 acres of land at Chembarambakkam along the Chennai-Bengaluru Highway, investing INR 50 crore, with projected sales of INR 650 crore. The company plans a mid-segment residential development spanning one million sq. ft., incorporating Gold-rated Green building principles and energy-efficient design. The project will offer homes for long-term residents and flexible short-term stays, along with community amenities like a clubhouse, swimming pool, sports courts, and landscaped spaces. Positioned in a high-growth corridor near industrial hubs and upcoming infrastructure, the project aims to meet India's mobile population's evolving lifestyle needs.Read more

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Monarch and Querish Builders to pay INR 5 lakh to homebuyer Mohammed Sayyed Noorul Hassan for mental agony and additional expenses caused by delayed possession of his flat in the Gaurav Legend project, Oshiwara. Hassan had booked the flat in 2013, paying INR 34.7 lakh of the INR 41.7 lakh price, with possession promised in May 2016. The builder's delay forced him to pay rent for years while managing chronic health issues, prompting MahaRERA to order compensation beyond earlier interest payments.Read more

The Lucknow Development Authority's Atal Nagar and Sardar Vallabhbhai Patel housing schemes have drawn significant attention from buyers, reflecting a strong demand for affordable housing. Atal Nagar offers 2,496 flats in Devpur Para with prices starting at INR 9.82 lakh, while Sardar Vallabhbhai Patel provides 72 flats in Dalibagh at INR 10.70 lakh. Within three days, over 5,600 website visits were recorded, leading to more than 2,300 booklet purchases and 117 registrations. Online registration for both schemes is open until early November.Read more

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has filed a First Information Report against ASGI Properties Pvt. Ltd. for allegedly submitting a forged order to banks to secure loans for its Apple Tower S-2A & S-2B project in Greater Noida. Investigations confirmed that no such order was ever issued by UP RERA. The A.S.G. Apple Buyers Association had earlier flagged the promoter's deceptive practices, highlighting attempts to mislead allottees and financial institutions using fabricated documents. The case is now under police investigation.Read more

Tata Housing has launched Tower 14 (Phase 1C) at its New Haven project in Bahadurgarh, following strong sales of over 450 units in previous Phase 1C towers within a month. The new tower offers thoughtfully designed 2 and 3 BHK apartments, IGBC Silver Pre-certified, emphasizing sustainable development. Bahadurgarh's transformation, aided by Urban Extension Road-II, improved metro connectivity, upcoming commercial hubs, and the Bahadurgarh Master Plan 2041, has made it one of NCR's fastest-growing real estate destinations. The launch reflects Tata Housing's commitment to quality, timely delivery, and value-driven residential solutions.Read more

India's eight key housing markets recorded a modest 1% rise in sales during the July-September quarter, indicating sustained demand but hinting that the residential property market could be approaching a peak. Sales for the year so far have slightly declined by 1% to 2,57,804 units. Factors such as lower mortgage rates, strong economic growth, tax benefits, and improved consumer confidence due to GST rationalisation have supported housing demand. Luxury and ultra-luxury segments are showing early signs of slowdown, prompting experts to encourage developers to focus more on affordable housing.Read more

UK house prices rose by 1.3% over the past year to September, marking the slowest annual growth since April 2024, as economic and tax uncertainties weighed on the market, according to Halifax. Prices fell by 0.3% compared with August, contrary to expectations. London recorded a 0.6% rise, while Northern Ireland saw the highest growth at 6.5%. Analysts said high borrowing costs, a slowing jobs market, and speculation about property tax increases were curbing housing demand. Nationwide data showed slightly higher annual growth of 2.2%.Read more

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved eight new real estate projects, collectively valued at INR 1,948 crore. These developments will deliver 3,005 residential and commercial units across Lucknow, Prayagraj, Agra, Jhansi, Noida, and Firozabad. UP RERA Chairperson Sanjay Bhoosreddy noted that these approvals reflect growing trust and stability in the state's real estate sector, supporting both housing growth and economic progress while enhancing investor confidence.Read more

The Delhi Development Authority is preparing to hand over 1,400 flats at Kathputli Colony by March 2026, marking a major step in Delhi's first in-situ slum rehabilitation project. The redevelopment, initially delayed due to legal challenges and resident opposition, now progresses with fire safety and utility approvals underway. Beneficiaries have been identified, and allotments will be done through a draw of lots. The project, covering 5.2 hectares under a PPP model, relocated thousands of artisans and their families from transit camps, offering them structured housing after decades of informal settlements.Read more