The promoter family of Blue Jet Healthcare has purchased three luxury apartments, including a duplex penthouse, in Worli, Mumbai, for a total of over INR 202 crore. The deal, which was registered on August 9, 2025, involved a total carpet area of 11,540 square feet in the Four Seasons Private Residences. This high-value transaction reinforces Mumbai's position as a prime market for real estate investment and ownership, especially among wealthy buyers and corporate executives looking for exclusive homes.Read more

After years of setbacks, the BSUP rehabilitation plan for Karimadom Colony has received the technical go-ahead, offering real relief to 105 long-waiting families. All essential details, designs, costs at INR 21 lakh per unit, and execution timelines are now finalized. Costford will lead construction, which is slated to commence soon on the cleared site and conclude within a year. What had become a symbol of civic dysfunction and election-driven policy shifts now stands at the cusp of tangible progress. Residents finally have a clear pathway to the homes they were promised long ago.Read more

A Consumer Court has ruled that the Ghaziabad Development Authority must officially register a flat that was booked more than thirty years ago after full payment and possession were already in place. The authority's repeated demands for additional payments have now been annulled, and a small compensation awarded for the distress caused. The judgment draws strength from a well-known Supreme Court precedent and illustrates how persistent follow-ups over decades finally brought resolution.Read more

The Brihanmumbai Electric Supply & Transport (BEST) Undertaking recently floated a tender seeking corporate bids to lease its 35 upscale staff apartments on Altamount Road for a three-decade term, starting at a base price of INR 263 crore. Located beside Mukesh Ambani's Antilia, a few units are currently occupied by senior BEST officials, though most remain vacant. The tender stipulates residential-only use, forbids subletting, and places maintenance, repairs and potential redevelopment (if approved by BMC) on the lessee. This move comes as BEST battles mounting cumulative losses nearing INR 9,500 crore while eyeing earlier land leasing plans and fare hikes to shore up finances.Read more

Odisha has achieved a landmark in its urban housing mission by completing about 1.36 lakh PMAY-U houses over the last decade, which accounts for 73 percent of the 1.84 lakh homes sanctioned. Most were built via a beneficiary-led model, while others came under affordable housing projects and slum redevelopment. Beneficiaries received INR 2 lakh aid and essential amenities for their new homes; the mission also offered incentives for timely construction. Affordable housing participants contributed INR 1.5 lakh each. Experts say the scheme is reshaping the urban poor's access to safe and decent housing.Read more

Mumbai recently hosted the curtain raiser for the upcoming NAREDCO National Convention, set to take place in New Delhi later this month under the theme Resilient India: Inclusive, Sustainable, and Future-Ready. The event will bring together policymakers, industry leaders, and technology experts to discuss urban transformation, housing redevelopment, and sustainable growth. Inspired by Mumbai's redevelopment and affordable housing models, the convention will focus on RERA reforms, ease of doing business, rental housing, green construction, and technology adoption. With over 800 delegates expected, sessions will address financing, infrastructure, urban mobility, and liveability standards, aiming to shape policy and encourage innovation in India's real estate sector.Read more

The integration of artificial intelligence into real estate customer profiling has significantly altered buyer demographics, preferences, and sales processes in recent years, as per ANAROCK's latest analysis. Findings revealed a growing preference for higher-value properties, a shift towards older buyers, and increased reliance on channel partners for property purchases. The company's AI platform, ASTRA, has tracked these developments, offering deeper insights into budget choices, conversion timelines, and unit preferences. This data-driven approach is replacing traditional intuition-led methods, improving targeting, and enhancing conversion efficiency across multiple market segments.Read more

The International Finance Corporation (IFC) has committed USD 150 million as an anchor investor in HDFC Capital's newly launched H-DREAM Fund, a USD 1 billion initiative targeting affordable and mid-income housing projects across India. The fund, managed by HDFC Capital Advisors, aims to support the construction of over 25,000 green-certified homes following EDGE standards. With this investment, IFC expects to mobilise an additional USD 850 million from global and domestic institutional investors. This move aligns with India's growing housing demand and contributes toward its estimated USD 1.4 trillion green buildings opportunity by 2030, with a strong focus on the residential sector.Read more

AU Small Finance Bank has received in-principle approval from the Reserve Bank of India to transition into a universal bank, making it the first small finance bank in nearly ten years to achieve this regulatory milestone. The approval was granted under the RBI's "on-tap" licensing framework after AU met all eligibility conditions, including financial soundness, governance standards, and operational performance. The move allows the bank to broaden its range of services and establish subsidiaries. Following the announcement, the bank's stock surged over 7%, reflecting positive investor sentiment.Read more

The Bombay High Court has granted a final three-week extension to residents occupying the top 18 floors of Willingdon Heights in Tardeo, South Mumbai. These floors have no Occupancy Certificate (OC) or fire No Objection Certificate (NOC), making their occupation illegal. The court allowed the extension solely on humanitarian grounds after the Society cited school-going children and upcoming Jain and Ganesh festivals. The Supreme Court earlier upheld the HC's eviction order and refused to interfere. The residents must now submit an undertaking, failing which the BMC has been authorised to initiate eviction and seal the premises.Read more

The Greater Hyderabad Municipal Corporation (GHMC) has intensified its crackdown on unauthorised constructions across the city following directives from the Telangana High Court. In recent months, the civic body has issued over 1,500 show-cause notices and demolished more than 200 illegal structures while sealing close to 100 buildings. Major violations include unauthorised floors, deviation from sanctioned plans, and construction without permission, with high-profile localities such as Banjara Hills and Jubilee Hills witnessing the most infractions. Officials have been instructed to seal illegal floors immediately after notices are served.Read more

In a bid to address rising demand for affordable housing, the Uttar Pradesh government has initiated steps to launch multiple greenfield township projects across key cities ahead of the festive season. Development authorities have been instructed to expedite land acquisition, with townships in several cities expected to commence by early autumn. A state funding mechanism introduced in 2023, which covers half the cost of land acquisition with a twenty-year repayment plan, is supporting the initiative. Cities like Moradabad, Saharanpur, and Rampur are among those receiving substantial allocations.Read more

The Trump Organization has earned close to INR 175 crore from seven luxury real estate projects in India through licensing deals with developers in cities like Mumbai, Pune, Kolkata, and Gurugram. The earnings were generated without any investment or construction responsibility. The company's revenue came mainly from brand licensing and development fees. Its partnership with Tribeca Developers has helped expand the Trump brand's footprint in India to about 11 million sq. ft., making the country the largest market for the brand outside the US.Read more

Luxury home sales in Delhi NCR recorded a 9% rise in the first half of 2025, with 5,168 units sold, up from 4,763 units during the same period last year. Properties priced at INR 5 crore and above now make up 27% of total residential sales in the region, up from 19% in H1 2024. Gurugram led the segment, accounting for over 90% of these transactions. The Southern Peripheral Road and Dwarka Expressway were the key areas contributing to this growth, while overall residential volumes in the region dropped by 23%.Read more

In the past week, a major property tax scam was uncovered in Ahmedabad, affecting more than 1,000 citizens mainly in the city's West Zone. A group of agents allegedly collected cash from property owners over several years, tampered with official records using an AMC employee's login, and falsely cleared dues in the system. As a result, several residents are now receiving backdated bills, some as high as INR 1.59 lakh. The scam is estimated to have caused losses between INR 1.5 crore and INR 2 crore. AMC has not yet taken action against any employees involved or confirmed how much of the fraudulent amount has been recovered.Read more