Kuwait is seeking private sector support to tackle a long-standing housing shortage caused by decades of state-led management. Current housing requests stand at 105,000 and are growing at 3% annually, with demand projected to reach 197,000 by 2035. The government is restructuring the Public Authority for Housing Welfare and inviting local and international firms to develop large-scale housing projects under 30-year contracts. A new mortgage law is also being drafted to facilitate housing finance. These measures aim to bridge the gap between supply and demand for citizens' housing.Read more

Bengaluru's housing market recorded strong growth in July-September, with sales up 21% year-on-year to 16,840 units, according to PropEquity. Residential sales for January-September are expected to hit 49,559 units, already higher than last year's 46,392, with festive demand likely to boost momentum further. Industry leaders highlighted that genuine end-user demand, particularly from IT professionals, start-ups, and global capability centres, underpins this boom, making it sustainable. Rising interest in plotted developments and second homes also reflects expanding city limits and infrastructure upgrades. While Bengaluru surged, sales across India's top nine cities dipped 4%, driven by weaker demand in Mumbai and Pune.Read more

Mumbai and Pune's housing markets are set for a major shift under the Maharashtra State Housing Policy 2025, unveiled in the JLL-NAREDCO report Towards 'Housing for All'. The state has announced INR 70,000 crore in investment to deliver 3.5 million affordable homes by 2030, addressing the growing dominance of premium housing. Sales in both cities have doubled since 2019, with luxury units now accounting for 59% of launches. The policy includes AI-based monitoring, redevelopment incentives, FSI relaxations for senior and student housing, and GST relief. Strategic growth corridors in both cities will drive balanced urbanisation, making homeownership more accessible while sustaining premium demand.Read more

U.S. existing home sales declined slightly in August, falling by 0.2% to a seasonally adjusted annual rate of 4.00 million units, though sales were up 1.8% year over year. Affordability pressures remain due to high home prices and mortgage rates, even after recent rate reductions. The median home price increased to USD?422,600, marking the 26th straight year of annual price growth, and homes are roughly 52% more expensive than pre-pandemic levels. Inventory decreased modestly but remains steady at 4.6 months of supply. Regional performance was mixed, with the Midwest benefiting from relatively better affordability.Read more

Dosti Realty's 105-acre township, Dosti West County in Balkum, Thane, is built around the concept of "The Big Life" offering families a blend of connectivity, community, and lifestyle amenities. Already home to 1,600 families with space for 3,000 more, the project offers two- and three-bedroom apartments, plus Jodi homes for larger households. Connectivity will be boosted by the upcoming Balkum Metro, Thane-Borivali Tunnel, and Balkum-Gaimukh Coastal Road. Residents enjoy a 6.5-acre podium, a 44,796 sq. ft. clubhouse by Ileseum Clubs, and training at academies led by Saina Nehwal, Saurav Ghosal, and Suresh Wadkar. Future plans include senior living and commercial hubs.Read more

The Supreme Court has directed a man to vacate two properties in Mumbai and hand them back to his 80-year-old father. The order was passed after the son was found preventing his father and mother, aged 78, from residing in their own homes. A tribunal had earlier ruled in favour of the parents, ordering eviction of the son and a monthly maintenance of INR 3,000. While the Bombay High Court had later overturned this decision, the apex court had restored the tribunal's order, confirming that such authorities are empowered under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007 to ensure the rights and welfare of senior citizens.Read more

Navi Mumbai International Airport (NMIAL) has secured accommodation for its personnel by entering into an agreement with Wadhwa Group to take 405 ready-to-move-in flats at Panvel in the Mumbai Metropolitan Region. The arrangement, made under a leave and licence agreement, ensures residential facilities for employees and their families as the airport prepares for inauguration in the coming weeks. The move reflects growing housing demand in the region ahead of the airport's operational launch.Read more

The Allahabad High Court's Lucknow bench has expressed concern over a single bench order that stayed the demolition of an illegal building in Khurram Nagar. The division bench has summoned the records to examine the urgency of the petition, which was filed under Article 226 rather than Article 227 of the Constitution. The matter stems from a 2016 public interest litigation, involving repeated violations of demolition orders by the builder. The next hearing is scheduled for later this month, with directives to the Lucknow Development Authority (LDA) to ensure accountability.Read more

The Karnataka High Court recently struck down a 2020 circular issued by the Karnataka Real Estate Regulatory Authority (K-RERA) that sought to retrospectively impose a delay fee on real estate developers for late submission of quarterly updates and annual audit statements. The court highlighted that such fees require legislative backing and cannot be imposed solely through administrative orders. The judgment reflects the importance of statutory authorization in financial regulations and provides relief to developers who faced penalties without clear legal sanction.Read more

The festive season has brought cheer to homebuyers, as the combination of tax reliefs, reduced home loan rates and attractive festive offers from developers has significantly lifted market sentiment. Experts suggested that mid and premium housing segments would witness the strongest momentum, backed by reforms such as GST rationalisation and RBI's cumulative rate cuts. Developers have rolled out festive schemes ranging from discounts to gifts, making the period more favourable for property investments.Read more

The Real Estate Regulatory Authority (RERA) in Bihar has ordered Agrani Homes to refund INR 1 crore to 18 homebuyers of the PK Villa Project. The refund will be shared in proportion to the amount each buyer had invested. The authority has also allowed the landowner of the project, who deposited INR 1 crore with RERA, to cancel the development agreement with the builder. Refunds will be processed via RTGS once buyers submit bank details and documents. RERA Bihar has already facilitated refunds of nearly INR 6 crore in similar cases over the past few months.Read more

Vietnam's Prime Minister Pham Minh Chinh has urged the government to increase housing construction to address rapidly rising real estate prices that have made homeownership difficult for many citizens. Apartment prices in key cities, including Hanoi and Ho Chi Minh City, have risen 5.6% this year, averaging 80 million dong (USD 3,028) per square metre, while the average annual salary remains 98.4 million dong. The government plans to simplify development procedures, reduce costs for developers, support social housing projects, and ensure loans at reasonable interest rates.Read more

Housing demand in India's top seven cities softened in July-September, with sales projected to fall 9% year-on-year to 97,080 units, according to Anarock. Seasonal factors like monsoons and the Shradh period impacted volumes, though transaction values rose 14% to INR 1.52 lakh crore, driven by premium and luxury housing. Mumbai, Pune, Delhi-NCR, and Hyderabad saw double-digit declines, while Bengaluru dipped marginally. In contrast, Kolkata rose 4% and Chennai surged 33%. Average prices increased 9% to INR 9,105 per sq ft, while unsold stock edged down slightly. Analysts expect festive season demand, stronger GDP growth, and GST 2.0 reforms to revive momentum in coming quarters.Read more

The Odisha Real Estate Regulatory Authority (ORERA) has introduced revised guidelines to improve the efficiency of its Conciliation and Dispute Resolution (CDR) cell. These guidelines focus on resolving disputes between homebuyers, promoters, and agents under the Real Estate (Regulation and Development) Act, 2016. The framework sets out procedures for initiating conciliation, timelines for resolution, fees, and the binding nature of agreements. ORERA's move reflects its ongoing effort to make real estate regulation more transparent, reduce legal delays, and ensure fair treatment for all parties involved in the state.Read more

Navi Mumbai International Airport has taken 405 flats in Panvel from the Wadhwa Group for airport staff and their families. These ready-to-move-in units in Wadhwa Wise City will be available on a leave-and-license basis starting October 2025, ahead of the airport's expected inauguration next month. The arrangement allows temporary occupation without transferring ownership. With rising demand for apartments, bungalows, and plots in the area, the partnership addresses staff accommodation needs and reflects how major infrastructure projects can stimulate residential growth in Panvel and surrounding parts of the Mumbai Metropolitan Region.Read more

The Greater Bengaluru Authority (GBA) is set to launch a mobile application to simplify e-khata submissions for property owners, complementing the existing online and Bengaluru One centres. The app will allow property owners and their authorised representatives to submit applications directly using essential documents such as property sale deed, tax receipts, Aadhaar number, encumbrance certificate, Bescom bill, and property photographs. Since October last year, around 7.5 lakh final e-khatas have been issued, reflecting growing adoption of digital property management in Bengaluru.Read more

The Municipal Corporation of Ludhiana has demolished an unauthorised colony in Mundian Kalan on the orders of Commissioner Aaditya Dachalwal. The Zone B building branch led the drive, dismantling structures built without approvals and targeting the developer responsible. This action is part of a wider crackdown on illegal construction, with four unauthorised buildings in Model Town and Kochar Market also razed last week. Officials stressed that residents must secure sanctioned building plans before starting projects. By dismantling unapproved colonies and warning violators, the civic body aims to uphold urban planning norms, curb unregulated development, and ensure stricter compliance across Ludhiana.Read more

The Maharashtra government has approved redevelopment of 4,973 flats in SVP Nagar colony in Andheri West under MHADA, spread over 498 plots. MHADA will redevelop 98 housing societies built in 1993 under a World Bank scheme. Seven societies have already been fully redeveloped and three are under construction. The remaining 82 societies, housing about 2,666 families, will come under the plan. The project will follow BMC's rules and include modern amenities, improved housing space, and upgraded infrastructure to enhance living standards.Read more

Shah Rukh Khan's residence, Mannat, has received legal approval to continue its renovation after the National Green Tribunal dismissed an appeal challenging the project. The renovation includes adding two upper floors and complies with Coastal Regulation Zone norms. The property, a Grade III heritage site in Bandra, Mumbai, was originally built in 1914 and purchased by Khan in 2001. The family has temporarily relocated to a rented duplex during the renovation, which is expected to be completed within the next year.Read more

The Supreme Court directed Business Park Town Planners Ltd. to refund over INR 43 lakh to a plot buyer, increasing the interest rate from 9% to 18% in line with the interest the builder charged on delayed payments. The buyer, Rajnish Sharma, had booked a plot in 2006 and paid a significant upfront amount, but possession was delayed, and additional charges were demanded. The court emphasized fairness and accountability, highlighting that builders must face consequences for defaulting on contractual obligations.Read more