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

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