CREDAI-MCHI Thane inaugurated the Redevelopment Expo 2025 at the Raymond Trade Show Hall, marking a pivotal step in Thane's real estate transformation. The event drew over 2,000 attendees, including developers and housing society representatives, to explore redevelopment opportunities. Leaders such as Sachin Mirani and Jitendra Mehta emphasised the expo's role in guiding societies through redevelopment, while Ajay Ashar noted that nearly half of Thane's housing stock is over 30 years old. The event also saw the launch of Thane Vision 2030, outlining key infrastructure plans. Officials, including MP Naresh Mhaske and Collector Shrikrishna Panchal, praised the initiative for promoting collaboration and improving urban living standards.Read more

The Ujjain Development Authority (UDA), along with the municipal corporation and district administration, demolished illegal constructions on three plots in Begambagh, each about 2,400 sq. ft., after leaseholders violated land-use terms. Originally allotted in 1985 for residential use under 30-year leases, the plots were later used for commercial purposes without renewal. Following the court's dismissal of a stay order, UDA reclaimed the land under CEO Sandeep Kumar Soni's supervision. Over 200 personnel ensured a peaceful operation. The UDA said it will continue monitoring other properties to prevent similar violations, reinforcing strict enforcement of lease and land-use regulations in Ujjain.Read more

Mumbai's Economic Offences Wing (EOW) has booked real estate developer Subbaraman Anand Vilaynur, his wife Uma Subbaraman, and B P Gangar Constructions for allegedly duping homebuyers of nearly INR 100 crore. The case was filed following a complaint by a 62-year-old chartered accountant, Anil Dron, who claimed that 102 buyers were promised flats in the "Sky 31" project in Wadala (West) since 2018. Instead of using the collected funds for construction, the accused allegedly diverted them to personal and other accounts and even sold one flat to two different buyers.Read more

Pioneer Urban Land and Infrastructure Ltd has recently purchased a 9,419 sq ft apartment in DLF's premium residential project, The Camellias, located in Gurugram. The deal, valued at INR 95 crore, was confirmed by real estate analytics firm CRE Matrix after reviewing the registration documents. The registration took place in the past month. Alongside this purchase, three additional residential properties, collectively worth about INR 176 crore, were also registered during the same period, highlighting the continued strength of Gurugram's ultra-luxury housing segment.Read more

State-run Housing and Urban Development Corporation Ltd (Hudco) reported a moderate rise in profit for the September quarter, supported by robust income growth and improved loan performance. The firm witnessed increased interest income and loan disbursements, while maintaining a healthy asset quality with reduced NPAs. Management indicated optimism for continued expansion through the government's infrastructure focus and the upcoming PMAY 2.0 initiative, projecting a healthy CAGR and steady margins for the remainder of the fiscal year.Read more

Dubai's property sector, which has witnessed soaring prices and record investment in recent years, is heading towards a new phase as a massive residential supply pipeline approaches completion between 2026 and 2028. With over 200,000 new units expected, analysts are assessing how this surge will affect market equilibrium. While some foresee moderate corrections, experts suggest that strong rental demand, immigration, and economic growth may cushion the impact. Investors are now re-evaluating strategies amid predictions of selective price adjustments and steady yields.Read more

Godrej Properties remains confident of achieving or surpassing its FY26 pre-sales target of INR 32,500 crore, driven by sustained housing demand across major cities. Executive Chairperson Pirojsha Godrej said the firm met 48% of its annual target in the first half, with pre-sales rising 13% year-on-year to INR 15,587 crore. The company also reported a 21% increase in quarterly net profit to INR 402.99 crore and total income of INR 1,950.05 crore. A major Worli project with over INR 10,000 crore revenue potential is expected to boost results. Supported by strong cash flow and a INR 6,000 crore equity base, the firm remains focused on growth across key metros.Read more

NVT Quality Lifestyle has announced an ambitious plan to triple its growth by developing three million sq. ft. of premium housing in Bengaluru over the next three years, targeting annual sales of INR 1,200�1,500 crore. Leveraging its strong land reserves in Whitefield and Sarjapur, the company aims to expand its footprint in the city�s fast-growing luxury housing market. Founding Director Dr Vivek Garg said two major villa projects will launch within six months, with further expansion planned in North Bengaluru. Established in 2010, NVT has delivered over 1,000 villa homes and built a reputation for quality, transparency, and design-led, professional development.Read more

As India's property sector continues to evolve, redevelopment is being seen as a key driver of value creation for homeowners. CREDAI MCHI Thane is preparing to host its Redevelopment Exhibition and Convention at the Raymond Trade Show Hall in Thane to help housing societies navigate the redevelopment process with greater ease. The event, scheduled for the coming week, aims to educate residents on how the revised FSI norms and policy changes can turn ageing structures into modern, high-value assets that enhance community living and long-term property worth.Read more

The Appellate Tribunal of the Odisha Real Estate Appellate Tribunal (OREAT) affirmed an earlier order by the Odisha Real Estate Regulatory Authority (ORERA) in favour of a buyer who alleged delayed possession, absence of valid occupancy and fire-safety certificates, and non-provision of amenities promised under the sale agreement. The developer was ordered to pay interest, obtain a proper occupancy certificate and hand over promised amenities. The ruling reinforces protections under the Real Estate (Regulation and Development) Act, 2016 (RERA) and signals greater accountability for developers.Read more

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has reinstated 22 stalled real estate projects, allowing construction to resume across seven districts. These projects, comprising 8,856 flats, plots, and commercial units, were earlier placed on the abeyance list due to non-compliance with documentation requirements. After verifying updated records, UP-RERA cleared them for continuation. The move aims to ease homebuyer concerns, improve transparency, and strengthen developer accountability. Officials said the decision will help reduce project delays and restore confidence in the state's housing market. The revival marks a significant step in UP-RERA's efforts to accelerate housing delivery and enforce regulatory discipline.Read more

Mr. Prashant Khandelwal, Joint Secretary of CREDAI MCHI and CEO of Agami Realty

As part of the government's ambitious Fourth Mumbai Plan, Boisar is set to become the nucleus of a new integrated urban cluster within the Mumbai Metropolitan Region. Backed by large-scale infrastructure including the Vadhavan Port, a greenfield international airport, and the Mumbai-Ahmedabad bullet train, Boisar is evolving from an established industrial hub into a global investment and residential destination offering employment, connectivity, and lifestyle advantages.Read more

Veteran actor Amitabh Bachchan has sold two adjoining luxury apartments on the 47th floor of Oberoi Exquisite in Goregaon, Mumbai, for a combined INR 12 crore. Each 1,820 sq ft unit fetched INR 6 crore and included two car-parking spaces, with total stamp duty payments of INR 60 lakh. The Oberoi Realty project is known for its upscale amenities and strategic location near key business hubs. Both buyers are reportedly Mumbai-based professionals. The sale reflects a broader trend of high-net-worth individuals reorganising their real-estate portfolios. Bachchan, who owns multiple properties across Mumbai, has been actively balancing his investments in recent years.Read more

Earlier this week, the Economic Offences Wing in Hyderabad registered a case against a Jubilee Hills-based construction company for allegedly defrauding nine flat buyers of a total of INR 4.41 crore. The complainants stated they were promised homes in Tellapur under a special pre-launch offer that included assured buy-back, but neither approvals nor construction ever materialised. The company had even conducted a symbolic ground-breaking event two years ago, yet no development followed. When the project was cancelled, buyers demanded refunds.Read more

The Maharashtra Cooperation Commissioner, Deepak Taware, has clarified that registrars and sub-registrars do not have the authority to issue no objection certificates (NOCs) to housing societies for redevelopment projects. The order emphasizes that the general body of each cooperative housing society is the highest decision-making authority in such matters. Citing a 2019 government resolution and a Bombay High Court petition, the commissioner noted that the role of registrars and cooperative departments is limited to supervision, with no statutory provision under the Maharashtra Cooperative Societies Act, 1960, granting them power to issue NOCs.Read more

Omaxe Ltd. has appointed Indian women�s cricket team captain Harmanpreet Kaur as its brand ambassador, marking a significant step towards promoting sports-led development and youth empowerment. The collaboration highlights Omaxe�s long-term vision of creating world-class infrastructure that supports athletes and communities alike. The company�s latest initiatives, including The Omaxe State and BeTogether, align with its broader philosophy of combining lifestyle, commerce, and sports infrastructure to foster inclusive growth and local development.Read more