Sundaram Home Finance, a subsidiary of Sundaram Finance Ltd, has launched operations in Karnataka with a target to disburse INR 60 crore in its first year. The company plans to establish 8-10 branches across Tier II and III towns, focusing on small business loans and affordable housing finance. This move aligns with government efforts to boost affordable housing and aims to meet growing demand for credit among underserved customers in the state. The company has a strong track record in Tamil Nadu and Andhra Pradesh, making this expansion a strategic step in its Emerging Business segment.Read more

UP-RERA has introduced a portal feature that allows homebuyers to directly report developers diverting payments to unauthorised accounts. The authority has underlined that all transactions must pass through the designated collection account, with a fixed portion automatically routed to an escrow account for project development. Alongside this move, a new real estate agent training programme has been launched to promote transparency and accurate buyer guidance, reinforcing stronger accountability in the state's property market.Read more

Nagpur Municipal Corporation is set to launch a housing project under the Dr. Babasaheb Ambedkar Awas Yojana, providing 392 two-bedroom flats of 500 sq. ft. each for sanitation workers at Mauja Nari. The INR 93 crore initiative has received DPR approval, with bhoomipuja expected soon. Alongside housing, the state has introduced reforms allowing educated children of sanitation workers to pursue jobs beyond sanitation roles. A COVID-19 memorial will also honor workers who lost their lives during the pandemic. Efforts are underway to regularize 4,407 sanitation workers before Diwali, supported by a new facial recognition attendance system to enhance monitoring.Read more

The Telangana Real Estate Regulatory Authority (RERA) imposed a fine of INR 18.5 lakh on Jubilee Hills Co-operative House Building Society Ltd for launching the 'Jubilee Hills Phase IV' project without required registration. The society had collected around INR 90 crore from roughly 1,800 members, linking membership to flat purchases. The project lacked necessary approvals from both RERA and the Hyderabad Metropolitan Development Authority (HMDA). The decision follows a complaint by a society member, highlighting regulatory violations and unauthorized project promotion.Read more

The housing and urban development department of Odisha has introduced a rental housing initiative to provide affordable accommodation for migrant workers and students in urban areas. With monthly rents fixed between INR 500 and INR 1,500, the scheme has already seen one complex become operational in Bhubaneswar while others remain under construction. The programme is aimed at improving access to safe and economical housing for vulnerable communities.Read more

Noida Authority carried out a demolition drive in Salarpur Khadar village, targeting illegal multi-storey buildings constructed on 24 plots. Around 39 developers had put up nearly 60 buildings, many of which were marketed as 1BHK to 3BHK apartments priced between INR 30 lakh and INR 65 lakh. While court stay orders stopped demolition on some plots, the authority demolished site offices and tin sheds on three other plots. Officials have said they will apply land mafia laws, take action against illegal groundwater extraction, and continue monitoring the site with daily inspections under senior supervision.Read more

The Supreme Court has clarified that homebuyers in projects undergoing insolvency proceedings can claim possession once their claims are verified and admitted by the resolution professional. This ruling highlights the protection of individuals who invest significant amounts in properties but face delays due to the developer's insolvency. The decision comes after cases where buyers had paid most of the property cost but could not move in because the projects were stuck under insolvency proceedings.Read more

Bhubaneswar Municipal Corporation has partnered with a private sector bank to provide support to urban poor beneficiaries under the Pradhan Mantri Awas Yojana (Urban) 2.0. The collaboration aims to simplify banking processes and guide individuals in arranging their equity contribution. A pilot involving 600 beneficiaries has been rolled out, with each required to contribute an average of around USD 1,500 under the 40:40:20 cost-sharing model.Read more

The Department of Town and Country Planning (DTCP) carried out enforcement drives in Gurugram's Sector 85 and Sector 49, targeting unauthorised obstructions on public roads. Gates and a guard room put up by a developer in Sector 85 were demolished for blocking access, while in Sector 49, a resident association was found to have converted part of a road into a park. Officials stressed that public thoroughfares must remain free from encroachment.Read more

The Kalyan-Dombivli Municipal Corporation (KDMC) postponed the demolition of Samarth Complex after an urgent intervention by the state Urban Development department. The building is among 65 illegal structures in Kalyan and Dombivli, built since 2020 with forged approvals, including fake RERA certificates, and in some cases, on government land. Many unsuspecting buyers paid INR 15-40 lakh for 1BHK and 2BHK flats using bank loans. Protesting residents threatened self-immolation if demolition went ahead, citing earlier government assurances. A 2022 SIT probe exposed widespread fraud, leading to arrests, while courts later ruled the buildings illegal. The final decision now rests with the state.Read more

The Municipal Corporation of Gurugram (MCG) demolished and sealed 32 under-construction flats at Anamika Enclave in Sector 14. The structures had been raised without mandatory approvals, including building plan clearance, fire safety certification, and required fire escape provisions. The demolition was carried out by the enforcement wing of the civic body under the supervision of senior officials and with police support. Authorities said unauthorised buildings strain basic infrastructure and are often linked to illegal water and electricity connections.Read more

The Karnataka government has removed the requirement for an occupancy certificate (OC) for individual homes of up to 1,200 sq ft built on 30-40 plots in Greater Bengaluru, when they are ground-plus-two or stilt-plus-three stories. The change responds to concerns that even small residential structures were being held up by mandatory OC rules. High-rise, commercial, and mixed-use projects still need OCs. It aims to simplify procedures for many homeowners without affecting larger or riskier buildings.Read more

The Navi Mumbai Municipal Corporation (NMMC) recently carried out anti-encroachment operations in Ghansoli and Koparkhairane after property owners and developers failed to comply with issued notices. Under the directives of senior civic officials, unauthorised structures were demolished with the assistance of machinery, labourers and police deployment. The action followed repeated violations where developers had continued construction without mandatory approvals despite warnings from the civic body.Read more