The Supreme Court of India has ruled that borrowers lose their right to redeem mortgaged property once an auction notice is published under Section 13(8) of the SARFAESI Act. The Court clarified that this rule applies even to loans taken before the 2016 amendment, if the default happened after September 2016. The judgment addressed confusion created by conflicting provisions in the Act and its Rules. It overturned a Madras High Court order in the KPK Oils and Proteins India Pvt Ltd case, while also asking the government to review inconsistencies in the law to avoid further disputes.Read more

House of Abhinandan Lodha (HoABL) has committed INR 200 crore to an affordable housing project in Naigaon, Mumbai, in collaboration with Mittal Builders. The 12-acre development will be executed in two phases over five years, aiming to deliver approximately 1.4 million square feet of residential space. Additionally, HoABL plans to expand its affordable housing initiatives by identifying seven more sites across the Mumbai Metropolitan Region, including one near the upcoming Navi Mumbai International Airport. These projects will be joint ventures with landowners, targeting a combined development potential of over 2 million square feet.Read more

NAREDCO Maharashtra has announced the fourth edition of the Homethon Property Expo, scheduled to be held later this week at the Jio World Convention Centre, BKC, Mumbai. With more than 50,000 registrations already recorded, the event is expected to see unprecedented participation. Featuring a newly introduced mascot, over 1,000 projects, exclusive financing schemes, and the concurrent Real Estate Forum, the expo is positioned as a key platform for developers, policymakers, and buyers alike.Read more

Brigade Enterprises has signed a joint development agreement to build a new residential project in Banashankari, 5th Stage, South Bengaluru. Spread across 7.5 acres, the project carries a gross development value of around INR 1,200 crore, reflecting its sales potential. Founded in 1986, Brigade Group is one of India's leading real estate developers with a presence in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City. Its portfolio spans residential, office, retail, and hospitality segments.Read more

Housing sales in India's top nine cities fell 4% year-on-year last quarter to 1,00,370 units, marking the tenth straight decline, according to PropEquity. New launches remained muted at 92,229 units-flat annually but down 10% quarter-on-quarter. Maharashtra markets, including Mumbai, Navi Mumbai, Thane and Pune, drove the contraction with drops of 6-28%, though Pune still led with 17,762 units sold. Bengaluru saw sales rise 21%, while Chennai and Kolkata posted 16% and 25% growth. Launches surged in Kolkata (173%) but slumped in Delhi-NCR and Chennai. PropEquity expects about 4 lakh launches and 4.5 lakh sales for the year, with festive demand likely to drive recovery.Read more

Dubai's rental market is seeing a major shift, with long-term agreements rising 17.3% year-on-year, according to Colife Dubai. Families, students, and expats are driving demand for stable housing, locking in yearly leases to save on rising rents-such as AED 14,999 per month for a two-bedroom in Dubai Marina versus AED 16,499 on short-term stays. September offers tenants wider choice and better deals before competition spikes in October and November. Popular long-term hubs include Dubai Marina, Downtown, Jumeirah Village Circle, Dubai Hills, and Al Barsha. With rental yields averaging 7-12%, the trend benefits both tenants seeking security and investors seeking reliable returns.Read more

The Navi Mumbai Municipal Corporation (NMMC) has issued fresh directives for pet dog owners, reminding them of licensing requirements, mandatory vaccination, and responsible handling while in public spaces. The move comes in the backdrop of complaints regarding aggressive dog breeds and rising incidents of stray dog-related issues. NMMC also reiterated compliance with Supreme Court and Animal Welfare Board guidelines, warning that failure to adhere would attract penalties.Read more

The Telangana Real Estate Regulatory Authority (TG RERA) has penalized Sunrise Infra Properties with a fine of INR 25.8 lakh for illegally advertising and selling plots in their Siri Vanam project. The company had marketed agricultural land as farm plots without securing layout approval, land conversion, or project registration. TG RERA found the violations after examining registered sale deeds, brochures, and encumbrance certificates. The developer denied the charges, but TG RERA rejected their arguments and restrained them from further sales until necessary approvals are obtained, issuing a caution for potential buyers.Read more

Emaar Properties has confirmed it will retain full ownership of Emaar India and is considering joint ventures with major Indian groups like Adani instead of selling its stake. The developer had entered India in 2005 with MGF Development, investing around INR 8,500 crore, before demerging in 2016. Emaar India today operates projects across several key cities. Despite reporting a net loss in the 2024 financial year, its revenues increased significantly from the previous year. Globally, Emaar continues to hold a large land bank, with more than 122,000 units delivered since 2002, including iconic projects such as the Burj Khalifa.Read more

Maharashtra's Deputy Chief Minister, Shri Eknath Shinde, has directed a thorough investigation and legal proceedings against developers responsible for constructing 65 unauthorized buildings in Kalyan-Dombivli. These structures, deemed illegal by the High Court, have left residents vulnerable to eviction after being misled by builders. Shinde has instructed the Kalyan-Dombivli Municipal Commissioner to file a complaint with the Economic Crime Investigation Branch. Additionally, he emphasized the importance of public awareness by suggesting the installation of information boards and regular publication of official building lists on the municipal website to assist citizens in obtaining accurate information.Read more

Single-family housing starts in the U.S. dropped to their lowest in about two and a half years in August, mainly because of an overhang of unsold homes. The Commerce Department reported declines in both new construction and future building permits, with the South showing the steepest fall. While mortgage rates have eased recently and the Federal Reserve has started cutting interest rates again, economists believe these measures may not be enough as weak job growth and rising unemployment weigh on homebuyer demand. Builders are now focusing on clearing inventory through price cuts and incentives.Read more

Hong Kong has lowered the minimum qualifying amount for residential property purchases under its New Capital Investment Entrant Scheme from HKD 50 million to HKD 30 million (USD 3.9 million). The move aims to revive the city's struggling housing market, where prices remain near their lowest since 2016. Applicants must still meet the HKD 30 million total investment threshold, with only up to HKD 10 million allowed in residential property, the rest in financial assets. While the change may attract some high-net-worth investors to luxury homes, analysts warn that oversupply and weak economic conditions will limit impact, requiring broader demand-boosting measures.Read more

Actor Sanjay Mishra has purchased a sea-view apartment in Raheja Exotica Cyprus, Madh Island, Mumbai, for INR 4.75 crore. The flat, spread across 1,701 sq ft with an additional deck area, places him in the same project where singer Jubin Nautiyal bought a home late last year. Mishra joins several film personalities who have invested in this coastal location, which has seen rising property rates due to upcoming infrastructure like the Versova-Madh bridge and Bandra-Versova Sea Link.Read more

The Rajasthan Housing Board has recorded a surge in applications for its newly launched residential schemes in smaller towns and semi-urban locations. Projects in Nainwa, Badi Road in Dholpur and Panerio ki Madri in Udaipur have witnessed demand exceeding available units, with Udaipur's scheme drawing eighteen applicants for each flat. Offering homes from about INR 7.8 lakh, these schemes are attracting interest from economically weaker and lower-income groups.Read more