Housing sales across Mumbai Metropolitan Region (MMR) and Pune declined during the July-September quarter, with transactions falling 17 per cent to 49,542 units compared with the same period last year, according to PropEquity. Thane recorded the sharpest fall, while Mumbai city and Navi Mumbai witnessed moderate declines. Pune also saw reduced demand. Industry body CREDAI-MCHI maintained that the drop was a temporary recalibration and expressed confidence that the festive season would restore sales momentum, backed by infrastructure upgrades and strong end-user demand.Read more

Anurang Jain, promoter of Endurance Technologies and nephew of the late Rahul Bajaj, has acquired a luxury villa in Alibaug for INR 38.15 crore. The villa spans over 5,600 sq ft within the 100-acre Alibaug Townhouses project by Lodha Developers and includes four car parking spaces. The transaction was registered with a stamp duty of INR 1.33 crore and a registration fee of INR 30,000. Alibaug is witnessing growing interest from high-end developers, including Emaar India, Oberoi Realty, and Hiranandani Communities, indicating rising luxury real estate activity in the region.Read more

Australia's housing market has recorded its fastest growth in a year, driven by interest rate cuts, limited listings, and strong buyer demand. National home prices rose 0.8% to a record A$857,280 (USD 565,462), with Brisbane and Perth seeing the largest gains. Growth has shifted to the middle of the market as borrowing capacity improves. Recent government policies allowing first-home buyers to enter the market with minimal deposits, coupled with a tightening rental sector, suggest sustained upward pressure on prices. Despite steady rates, economic uncertainty and inflation remain factors influencing future market trends.Read more

Karnataka has amended its Rent Control Act, 1999, decriminalizing rental disputes while introducing steep fines for violations such as unauthorized subletting, illegal eviction, and failure to register real estate agents. Tenants who sublet properties without consent may face fines up to INR 50,000 or double the rent received. Landlords evicting tenants unlawfully face similar penalties. Real estate agents not registering with rent controllers are now liable for daily fines. The changes, aligning with the Jan Vishwas Act, 2025, empower rent controllers to adjudicate disputes and aim to reduce judicial burden.Read more

Mr. Bhadresh Shah, Managing Director, Today Group

Mumbai continues to redefine its urban landscape, and the emergence of Third Mumbai, also known as Mumbai 3.0, signals a significant transformation in the luxury residential market. Spread across the Raigad district under the Karnala-Sai-Chirner (KSC) New Town project, the region integrates smart urban planning, luxury living, and strategic infrastructure. With connectivity improvements such as the Mumbai Trans Harbour Link, the upcoming Navi Mumbai International Airport, metro extensions, and water transport routes, Third Mumbai offers both high-end residential and affordable housing. The district also aims to host innovation-driven hubs, creating a self-sustained urban ecosystem that combines convenience, prestige, and modern lifestyle aspirations.Read more

Bollywood actor Pankaj Tripathi, along with his wife Mridula and daughter Aashi, has purchased two apartments in Mumbai's Andheri West and Kandivali West areas for a combined total of INR 10.85 crore. The first property, in Seabliss, Andheri West, spans 2,372 sq ft and was bought by Pankaj and Aashi for INR 9.98 crore. The second, in Aashapura Heritage, Kandivali West, measures 425 sq ft and was purchased by Mridula and Aashi for INR 87 lakh. Both transactions included stamp duty and registration charges and were finalized in July and early September.Read more

Vapi in South Gujarat has been gaining attention as a fast-developing residential destination, driven by strong infrastructure, industrial growth, and proximity to major cities. With the Mumbai-Ahmedabad bullet train project promising to reduce travel time significantly, coupled with its location on NH-48 and the Delhi-Mumbai Industrial Corridor, the city offers strategic advantages. Its affordable housing market, thriving industrial base, and improving civic amenities have made it attractive for both residents and investors from Gujarat as well as Maharashtra.Read more

The Maharashtra government has set up the Self-Group Redevelopment Authority (SGRA) to speed up self-redevelopment projects in Mumbai, appointing BJP MLC Pravin Darekar as chairman with Minister of State status. Acting alongside MHADA as the nodal agency, SGRA aims to help housing societies navigate disputes and accelerate approvals for self-managed redevelopment. The move builds on past government resolutions from 2019 encouraging societies to undertake redevelopment themselves.Read more

The Bombay High Court has revoked letters of administration that had transferred ownership of a Malabar Hill bungalow valued at INR 150 crore. The property once belonged to Sir Jamshedji Duggan and was allegedly taken over through a forged will. The court fined the person involved INR 25 lakh and ordered cancellation of a transfer deed from 2022. Executors of the legitimate will of Dr Feroze Duggan challenged the transfer, saying it was based on false statements and unregistered documents. The court also opened criminal proceedings for using fake documents in court.Read more

The Enforcement Directorate has attached assets worth about INR 153.16 crore linked to the former promoters of Universal Buildwell Pvt. Ltd. as part of a money laundering probe. The move follows allegations that the company diverted over INR 1,000 crore collected from homebuyers and investors across projects in Gurugram and Faridabad. While the promoters remain in custody, the firm is under insolvency proceedings and buyers who have waited more than 15 years are still awaiting possession of incomplete projects.Read more

Property registrations in the Mumbai municipal region rose significantly during the past month, driven by strong festive demand. According to Knight Frank India, the city recorded 12,070 property registrations, representing a 32 per cent year-on-year increase compared with the same period last year. Maharashtra government data indicated that stamp duty collections also increased, reaching INR 1,292 crore, with residential transactions forming the bulk of the registrations.Read more

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has taken strong action against multiple developers, including Mahagun Group and Gaursons, after receiving complaints from homebuyers. The authority imposed fines, flagged misleading submissions, and referred several cases for punitive steps under Sections 13, 61 and 63 of the RERA Act. These measures mainly concern projects in Noida and Ghaziabad. Developers such as Mahalaxmi Group, Panchsheel Buildtech, SJP Hotels and Resorts, and Gaursons Hi-Tech Infrastructure also faced action for non-compliance. The crackdown highlights increasing scrutiny on real estate practices in the state.Read more

Hiranandani Communities, led by Dr Niranjan Hiranandani, has launched Hiranandani Sands, India's largest integrated coastal township in Alibaug, with a topline of INR 17,000 crore. Spread across 225 acres, the project features luxury homes, villas, plotted residences, serviced apartments, five hotels, a convention centre, wellness hub, yacht club, and one of Alibaug's biggest water sports hubs. Sustainability measures include a 27-acre reserve forest and proximity to wetlands. The first phase, comprising 330 units across three towers, sold out at launch, generating INR 450 crore. Backed by infrastructure upgrades like Atal Setu, Ro-Ro ferry links, and Navi Mumbai Airport, the township positions Alibaug as a luxury real estate hub.Read more

Spain's student housing market is drawing strong global investor interest amid a surge in international enrolments and a shortage of purpose-built accommodation. International student numbers have risen 77% in the past decade, with just 117,000 purpose-built beds available for 622,000 students. Demand has sparked record deals, including CPP's €1.2 billion acquisition of Livensa, while U.S. developers Greystar and Hines expand portfolios. Premium housing blocks, charging over €1,000 monthly, cater largely to foreign students and operate under flexible service agreements, making them attractive to investors. While these projects face less backlash than tourist rentals, they underscore affordability challenges for Spanish students.Read more

The Bombay High Court has dismissed a petition by individual members of Satyam Lok Prabhat Cooperative Housing Society in Mumbai who challenged a deemed conveyance order issued to their society. The court ruled that once the society negotiates a settlement with the builder, individual members cannot contest it separately. The decision refers to the 2018 government resolution under the Maharashtra Ownership of Flats Act (MOFA) and highlights that disputes regarding property conveyance must be handled collectively through the society.Read more

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 21 new projects worth INR 7,035 crore, paving the way for 10,866 residential and commercial units across the state. Announced at the Authority's 184th meeting chaired by Sanjay Bhoosreddy, the clearances reflect strong momentum in UP's property sector. The projects span districts including Noida, Greater Noida, Ghaziabad, Lucknow, Varanasi, Mathura, Agra, Bareilly, Barabanki, Rampur, and Gorakhpur. With dedicated provisions for the Economically Weaker Section, the developments aim to serve diverse income groups while generating jobs in construction and allied industries. Noida and Greater Noida lead approvals with eight projects.Read more

NAREDCO MAHI recently celebrated the Women Achiever Awards 2025 at the NAREDCO HOMETHON Property Expo in Mumbai, honoring women transforming the real estate and allied sectors. With participation from top industry leaders and dignitaries, the event highlighted women's growing influence in leadership, sustainability, and skill development. Through speeches and accolades, the awards underscored women's resilience, vision, and ability to shape communities. The initiative, supported by leading industry partners, emerged as a platform to inspire future female leaders while celebrating the achievements of trailblazing women across the country.Read more

Saudi Arabia has imposed a five-year freeze on rent increases for both residential and commercial properties within the urban area of Riyadh, following sharp rises in rental and property prices. The new rules require all lease contracts to be registered via the Ejar platform, fix rents for vacant units at their last registered contract value, and include fines of up to 12 months' rent for violations. Certain exceptions allow landlords to appeal under specific conditions. The reforms align with broader efforts under Vision 2030 to stabilise the real estate market and protect tenant rights.Read more

The Lucknow Development Authority (LDA) will develop new commercial and residential plots in the Basantkunj scheme using vacant and unplanned land near existing residential areas and green spaces. Vice-Chairman Prathmesh Kumar inspected plots in Sector-I (near Mango Park) and found illegal construction, leading to suspension of some officials. Identified sectors for new plots include J, K, I, O, and Sector A (survey to finish in two weeks). The scheme also includes beautification of parks, road repairs, and penalties for contractors where work is slow.Read more

The Department of Town and Country Planning (DTCP) in Gurugram has directed the Garden Estate RWA to monitor and report all structural works after inspections revealed unauthorised alterations by residents. Officials warned that both individual homeowners and the RWA could face legal action if violations go unchecked. While some residents support strict enforcement to ensure safety and planning discipline, others argue that minor internal changes should not be penalised. Authorities said the move aims to strengthen transparency and compliance by making RWAs accountable. Clearer guidelines distinguishing serious structural breaches from internal modifications may help balance safety with resident flexibility.Read more