New sales of single-family homes in the US have declined, highlighting continued weakness in the housing market driven by affordability pressures and subdued consumer sentiment. Although the previous month's figures were revised upwards, persistently high mortgage rates, slow wage growth and abundant housing supply have kept demand weak. Builders are lowering prices to attract buyers, but economists suggest conditions will remain challenging, particularly with labour market softening and inventories hovering near levels last seen over a decade ago.Read more

The Haryana government has waived stamp duty on residential plots up to 50 sq yards in urban areas and 100 sq yards in rural areas under housing schemes such as PMAY, Mukhyamantri Shehri Awas Yojana, and Mukhyamantri Gramin Awas Yojana. Chief Minister Nayab Singh Saini said the move will ease costs for lower-income buyers amid revised collector rates, which rose 10% in most categories and were capped at 50% where values were disproportionately high. He stressed that stamp duty percentages remain unchanged since 2008. The policy aims to provide targeted relief to genuine buyers while curbing undervaluation and black money-driven land deals.Read more

A mother and her toddler daughter were killed and nine others were injured after a portion of an "illegal" four-storey building collapsed onto an adjacent chawl in Virar, Maharashtra, early Wednesday morning. The tragedy, which occurred around 12:05 am, has left an estimated six to seven people feared trapped under the debris. The Ramabai Apartment, constructed in 2012 with 50 flats, lost a section containing 12 apartments. Rescue operations are still underway, highlighting the ongoing risks associated with unauthorized and dilapidated structures in the region.Read more

The Bombay High Court has instructed all municipal corporations across Maharashtra to immediately halt work and initiate legal action against builders found in violation of new safety norms. The court's directive follows a series of fatal accidents, including one where a rod fell from a metro construction site, and aims to enforce stringent safety protocols for high-rise buildings. The new measures, part of a report from an expert committee, are now a mandatory condition for all future building permissions, making any breach a civil and criminal offense punishable by law. This decisive action is a critical step to ensure public safety.Read more

The Competition Commission of India (CCI) has granted in-principle approval to Adani Group's proposal to acquire debt-laden Jaiprakash Associates Ltd (JAL), subject to the group securing a bid in the ongoing insolvency resolution process. The clearance comes following a Supreme Court ruling mandating competition watchdog approval before any resolution plan is put to vote by creditors. Alongside Adani, Dalmia Bharat has also secured regulatory approval, while several other companies, including Vedanta Group, Jindal Power, and PNC Infratech, have applied for permission to submit their respective plans.Read more

UP RERA has launched a weekly initiative called RERA Samvaad to interact directly with homebuyers and address their concerns over delayed possession, pending complaints, and legal remedies. The regulator stated that complaints will be treated with priority and strict action will be taken against non-compliant developers. Scheduled every Saturday, the initiative seeks to build greater transparency, accountability, and consumer trust in the real estate sector.Read more

The Bhendi Bazaar redevelopment by the Saifee Burhani Upliftment Trust has focused on transforming lives alongside modernising infrastructure. Families who once endured congested and unsafe living conditions are now moving into safer, greener, and more dignified homes. Children gain access to open play zones, women step into secure and functional spaces, and communities benefit from sustainable design elements such as rainwater harvesting, solar lighting, and tree-lined boulevards, creating a more liveable environment.Read more

Suraj Estate Developers Limited, a prominent South Central Mumbai-based real estate firm, has acquired a land parcel at N.M. Joshi Marg, Lower Parel, for INR 6.44 crores, inclusive of registration and stamp duty. The plot will be merged with its adjoining Ambavat Bhavan project to form a consolidated land bank, enabling a premium residential development with an estimated GDV of INR 130 crores. Positioned under DCPR 33(7), the scheme will feature optimised layouts, enhanced frontage, and extensive parking, catering to the value-luxury housing demand in Mumbai's Lower Parel micro-market.Read more

The LIFE Mission housing project in Wadakkancherry, Kerala, faced delays and poor construction quality. NIT Kozhikode has recommended structural repairs and retrofitting to make the existing buildings usable. The Kerala government has submitted this report to the High Court, which will decide on the project's next steps. The outcome will determine whether construction can resume and the housing can be delivered to the 140 beneficiary families.Read more

Chamarajanagar Zilla Panchayat's 2024-25 housing survey uncovered 35,050 houseless families and 4,471 site-less families across the district. Conducted using GPS verification and physical site inspections, the survey found the highest numbers in Chamarajanagar and Gundlupet taluks. The findings also highlighted social distribution, including Scheduled Castes and Tribes. Families without sites face challenges in constructing homes despite prior allotments. The Panchayat has recommended government-backed housing schemes for these families, awaiting state-level approval.Read more

Janardhan Kompally, Founder and CEO of Makuta Developers

Janardhan Kompally, Founder and CEO of Makuta Developers, says high-rises define modern India as cities grow vertically to meet urban demand. He believes a building's value lies in how it ages, stressing sustainability, ventilation, green spaces, and energy efficiency as key to long-term livability. Founded in 2016, Makuta has delivered premium projects in Hyderabad and Vikarabad, using tools like BIM, smart façades, and high-performance materials to ensure quality. Sustainability is embedded from design through local sourcing, passive cooling, and eco-friendly finishes.Read more

My Home Constructions has named Abhishek Kapoor as its new Chief Executive Officer, signaling a major push for market expansion. Kapoor, the former CEO of Puravankara Limited, is tasked with spearheading the company's entry into the competitive markets of Bengaluru, Chennai, and Mumbai. This appointment aligns with the company's plans to deploy over USD 2 billion into new projects, including warehousing and industrial parks. Kapoor's proven track record of driving significant operational turnarounds at his previous firm is expected to be a key asset in leading My Home's ambitious growth strategy.Read more

The Enforcement Directorate (ED) has filed a chargesheet against Gurugram-based realty firm Krrish Realtech Private Limited and its promoter, Amit Katyal, for allegedly diverting INR 205 crore of homebuyers' funds to a hotel project in Colombo, Sri Lanka. The ED's investigation, which is based on an FIR from Delhi and Gurugram Police, found that the company had collected over INR 500 crore from more than 400 customers for a project that was never completed. The diverted funds were funneled through a complex network of shell companies, highlighting a systematic fraud that has been under investigation since 2023.Read more

The global luxury rental market is experiencing a modest recovery, with average rental growth reaching 3.5% in the second quarter of 2025, according to Knight Frank's Prime Global Rental Index. Indian investors are increasingly looking to stable gateway cities like London, New York, and Singapore as prime investment destinations. This renewed interest is driven by a combination of factors, including a shortfall in new construction, a global return-to-office trend, and consistent international demand. These cities have shown resilience and strong long-term growth, making them an attractive option for diversifying investment portfolios.Read more

The Enforcement Directorate (ED) has arrested Amit Ashok Thepade, the director of Pune-based Galaxy Constructions, in a high-profile bank loan fraud case involving Canara Bank amounting to INR 117.06 crore. Thepade, who had been evading authorities for a prolonged period, was apprehended at a five-star hotel in Mumbai. The ED's investigation, which stemmed from a CBI FIR, revealed that Thepade's companies obtained credit facilities by allegedly double-mortgaging properties that had already been sold, and then siphoning off the funds for personal use.Read more

Mr. Aditya Kushwaha, CEO and Director, Axis Ecorp.

Goa, long known for its beaches and laid-back lifestyle, is witnessing a new phase of real estate activity with the upcoming Goa-Mumbai Expressway set to change the way second homes are owned and enjoyed. The improved connectivity is expected to cut travel time nearly by half, making frequent visits practical and boosting both lifestyle appeal and investment potential. This shift is reshaping buyer demographics, spurring fractional ownership, and bringing lesser-known coastal villages and hinterlands onto the second-home map.Read more